OG1700334
SOLD
Property Schedule
Sec. 5: S2NW4, LOTS 3, 4
Tract Details
Sec. 5: S2NW4, LOTS 3, 4
Additional Information
IMPORTANT NOTICES PERTAINING TO
NORTH DAKOTA DEPARTMENT OF TRUST LAND LEASE AUCTIONS
- The tracts available for lease are sold on an as is basis, with no representations or warranties regarding the quality of title, ownership, or the accuracy and completeness of the information provided by the State.
- The tracts available for lease are subject to the restrictions found in North Dakota Century Code (NDCC) Chapter 15-05, Leasing Coal, Oil, Gas, and Other Rights (www.legis.nd.gov/cencode/t15c05.pdf) and Administrative Rule Chapter 85-06-06 (http://land.nd.gov/Docs/Minerals/rules.pdf).
- The burden of due diligence is the bidder's responsibility prior to any auction.
- The lease effective date will be May 2, 2017.
- The royalty rate for Billings, Divide, Dunn, Golden Valley, McKenzie, Mountrail and Williams counties is three/sixteenths (3/16). All other counties are one/sixth (1/6) royalty rate.
- The successful bidder must make payment by wire transfer or automated clearing house (ACH) for all bonus, rental, and bidder's premium owed to the State within 7 days. The State will accept payment from only one bidder per tract; however, a bidder may make multiple payments in one wire or ACH, provided the bidder indicates which tracts are involved in the payment.
- EnergyNet will send the successful bidder an email after the close of the auction with the detailed payment instructions and amounts due to the North Dakota Department of Trust Lands.
OFFSET ACTIVITY
Completions from the last 365 days in Dunn County, North Dakota
Drilling Permits from the last 365 days in Dunn County, North Dakota
Drilling Rigs on Location in Dunn County, North Dakota
SUCCESSFUL BIDDER NOTIFICATION
After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.
BUYER PREMIUM
A 2% Buyer Premium, calculated as 2% of the total bonus, will be added to the cost of this lease.
CONTACT INFORMATION
North Dakota
Rick Owings
Land Professional
(701) 328-1948
Email: rwowings@nd.gov
Allie Bement
Land Professional
(701) 328-1952
Email: abement@nd.gov
EnergyNet
John S. Munroe
VP of Engineering / Government Lease Sales
(303) 239-3990
Email: John.Munroe@energynet.com
Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com
Brandon Savage
Asst Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #31
5/2/2017 11:11:45 AM
$39
Bidder #43
5/2/2017 11:11:56 AM
$38
Bidder #31
5/2/2017 11:11:45 AM
$37
Bidder #43
5/2/2017 11:11:53 AM
$36
Bidder #31
5/2/2017 11:11:45 AM
$24
Bidder #2
5/2/2017 11:09:57 AM
$23
Bidder #9
5/2/2017 11:09:14 AM
$14