SOLD
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
You have not bid on this lot
Tract:
ALU# 00470
Gross Acres:
160.00
Net Acres:
8.00
Time Remaining:
Auction has ended
Start Time:
2/7/2024 11:04 AM CST
End Time:
2/14/2024 11:04 AM CST
Your Bid:
-
Highest Bid:
$2/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$66.48
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T154, R85
Sec. 2: SE4
Tract Details
Lease No.
ALU# 00470
County, State
Ward, ND
Legal Description
T154, R85
Sec. 2: SE4
Gross Acres
160.00
Net Acres
8.00
Royalty Rate
1/6th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$40.00
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Lands Lease Auctions
Provision(s)
G: The land covered by this oil and gas lease may contain grave sites which must be protected under N.D.C.C. 23-06-27. If Lessee encounters human remains during construction activities, all work must stop immediately and the find reported to the North Dakota State Historical Society.
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
2/14/2024 10:35:10 AM
$2