SOLD
Registration Status:
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Your Bid Status:
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Tract:
ALU# 00234
Gross Acres:
160.00
Net Acres:
80.00
Time Remaining:
Auction has ended
Start Time:
2/6/2024 9:44 AM CST
End Time:
2/13/2024 9:44 AM CST
Your Bid:
-
Highest Bid:
$626/acre
Starting Bid:
$3/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$51,992.40
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T162, R94
Sec. 16: SW4
Tract Details
Lease No.
ALU# 00234
County, State
Burke, ND
Legal Description
T162, R94
Sec. 16: SW4
Gross Acres
160.00
Net Acres
80.00
Royalty Rate
1/6th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$400.00
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Lands Lease Auctions
Offset Activity
Seller Acquisition Agreement(s)
The North Dakota Department of Trust Lands Forms and Policies may be found at www.land.nd.gov/surface-minerals-management/mineral-auctions/forms-and-policies.
Successful Bidder Notification and Buyer Premium
After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.
A 3% Buyer Premium, calculated as 3% of the total bonus, will be added to the cost of this lease.
Contacts
Trust Lands Minerals Department
Email dtlminerals@nd.gov
Office (701) 328-2800
Government Resources
Email government@energynet.com
Office (877) 351-4488
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #23
2/13/2024 9:43:10 AM
$626
Bidder #685
2/13/2024 9:43:55 AM
$625
Bidder #23
2/13/2024 9:43:10 AM
$556
Bidder #937
2/13/2024 9:43 AM
$555
Bidder #23
2/12/2024 4:04:23 PM
$500
Bidder #937
2/13/2024 9:42:46 AM
$444
Bidder #23
2/12/2024 4:04:23 PM
$436
Bidder #685
2/13/2024 9:42:33 AM
$435
Bidder #23
2/12/2024 4:04:23 PM
$405
Bidder #977
2/12/2024 8:06:04 PM
$404