SOLD
Registration Status:
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Your Bid Status:
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Tract:
ALU# 00486
Gross Acres:
40.00
Net Acres:
20.00
Time Remaining:
Auction has ended
Start Time:
2/7/2024 11:36 AM CST
End Time:
2/14/2024 11:36 AM CST
Your Bid:
-
Highest Bid:
$2/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$151.20
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T154, R85
Sec. 24: SE4SW4
Tract Details
Lease No.
ALU# 00486
County, State
Ward, ND
Legal Description
T154, R85
Sec. 24: SE4SW4
Gross Acres
40.00
Net Acres
20.00
Royalty Rate
1/6th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$100.00
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Lands Lease Auctions
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 11:10:46 AM
$2