SOLD
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
You have not bid on this lot
Tract:
OG-15-00249 & OG-15-00250
Gross Acres:
320.00
Net Acres:
160.00
Time Remaining:
Auction has ended
Start Time:
3/3/2015 1:00 PM CST
End Time:
3/10/2015 2:00 PM CDT
Your Bid:
-
Highest Bid:
$14,200/acre
Starting Bid:
$5,000/acre
Bid Increment:
$100
Total Cost at Highest Bid:
$2,318,260
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
Tract Details
Lease No.
OG-15-00249 & OG-15-00250
County, State
Mountrail, ND
Gross Acres
320.00
Net Acres
160.00
Royalty Rate
3/16th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$800.00
ND Administrative Fee
$20.00
Buyer Premium
2.00%
Additional Information
Notice: The State of North Dakota is offering two (2) 80-acre tracts for lease. The leases offered will be 3/16th royalty rate.
T153N-R93W-16:
          OG-15-00249 T153N, R93W, Section 16: SE4 containing 80 net / 160 gross acres
          OG-15-00250 T153N, R93W, Section 16: SW4 containing 80 net / 160 gross acres
These tracts are original grant lands and are not a part of the Ordinary High Water Mark (OHWM).
BIDDER ADVISORY: Please review the mock lease documents below, as they will reflect the form of the actual lease which will be issued, including a 3/16th Royalty.
Lease Term | 5 years |
Royalty Rate | 3/16th |
Rental Rate | $1.00/acre/year |
Rental Due at Closing | 5 year |
Gross Acres | 320.00 |
Net Acres | 160.00 |
N.D. Admin Fee | $20.00 ($10 per Lease) |
Buyer Premium | 2% of bonus bid |
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #11
3/10/2015 1:59:37 PM
$14,200
Bidder #19
3/10/2015 1:58:49 PM
$14,100
Bidder #5
3/10/2015 1:57 PM
$12,600
Bidder #21
3/10/2015 1:58:17 PM
$11,600
Bidder #5
3/10/2015 1:57 PM
$10,900
Bidder #21
3/10/2015 1:17:17 PM
$10,800
Bidder #19
3/10/2015 1:56 PM
$10,000
Bidder #21
3/10/2015 1:17:17 PM
$9,600
Bidder #5
3/10/2015 1:54:22 PM
$9,500
Bidder #21
3/10/2015 1:17:17 PM
$9,400