SOLD
Registration Status:
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Your Bid Status:
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Tract:
ALU# 00333
Gross Acres:
44.71
Net Acres:
44.71
Time Remaining:
Auction has ended
Start Time:
2/6/2024 1:02 PM CST
End Time:
2/13/2024 1:02 PM CST
Your Bid:
-
Highest Bid:
$33/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$1,753.24
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T148, R91
Sec. 26: MISSOURI RIVER IN SE4
Tract Details
Lease No.
ALU# 00333
County, State
McLean, ND
Legal Description
T148, R91
Sec. 26: MISSOURI RIVER IN SE4
Gross Acres
44.71
Net Acres
44.71
Royalty Rate
1/6th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$223.55
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Lands Lease Auctions
Provision(s)
R: Notwithstanding any other provisions of this lease to the contrary, it is agreed that Lessee has no right, without first obtaining the written consent of Lessor, to drill any well from the surface of said riverbed or lakebed or to use the surface of the riverbed or lakebed for any purpose. Lessor does not warrant its title to the acreage leased by this lease. North Dakota Administrative Code SS 85-06-01-01(3) provides "[a] nomination for a tract containing a body of water may include up to a section of land if the tract cannot reasonably be subdivided by quarter section or half section. The tract acreage, including islands, may be offered and described as 'more or less' and may be adjusted by the board within each quarter section." If, during any time prior to expiration of the lease, it is determined by a court or by Lessor that the acreage is more than that set forth in this lease, then Lessee will pay Lessor an additional bonus for each additional acre. Such bonus will be the same per acre bonus as that paid by Lessee to obtain this lease. If, during any time prior to expiration of the lease, it is determined by a court or by Lessor that the Lessor owns less acreage than that set forth in this lease, then Lessor will refund to Lessee the proportionate per acre bonus paid for this lease.
W: This tract is within an area identified as essential wildlife habitat, however the Department of Trust Lands does not manage the surface.
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 #937
2/13/2024 1:01:53 PM
$33
Bidder #952
2/13/2024 1:01:58 PM
$32
Bidder #937
2/13/2024 1:01:53 PM
$31
Bidder #955
2/13/2024 1:01:56 PM
$30
Bidder #937
2/13/2024 1:00:44 PM
$2