SOLD
Registration Status:
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Your Bid Status:
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Tract:
ALU# 00398
Gross Acres:
160.00
Net Acres:
80.00
Time Remaining:
Auction has ended
Start Time:
2/6/2024 3:12 PM CST
End Time:
2/13/2024 3:12 PM CST
Your Bid:
-
Highest Bid:
$2/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$574.80
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T155, R88
Sec. 36: NW4
Tract Details
Lease No.
ALU# 00398
County, State
Mountrail, ND
Legal Description
T155, R88
Sec. 36: NW4
Gross Acres
160.00
Net Acres
80.00
Royalty Rate
3/16ths
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
Provision(s)
W: The land covered by this oil and gas lease lies beneath an area identified as essential wildlife habitat and development may be subject to additional procedures as part of an Application to Drill. The surface is not managed by the Department of Trust Lands.
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 #501
2/13/2024 2:25:58 PM
$2