OG1900285
SOLD
Property Schedule
In Release of Affidavit of Non-Forfeiture and Notice to Recorder filed in Doc. 150639, Lime Rock no longer asserts the 2009 leases are in full force and effect and releases all of its right, title and interest in the 2009 leases. Click here to view the Affidavit.
T143N, R98W
Sec. 35: SW4
Tract Details
In Release of Affidavit of Non-Forfeiture and Notice to Recorder filed in Doc. 150639, Lime Rock no longer asserts the 2009 leases are in full force and effect and releases all of its right, title and interest in the 2009 leases. Click here to view the Affidavit.
T143N, R98W
Sec. 35: SW4
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 (https://www.land.nd.gov/sites/www/files/documents/Minerals/rules.pdf).
- The burden of due diligence is the bidder's responsibility prior to any auction.
- The lease effective date will be August 6, 2019.
- 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 10 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.
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.
North Dakota Department of Trust Lands Point of Contact
EnergyNet Points of Contact
VP, Government Resources
Gus Rivero
Email
Gus.Rivero@energynet.com
Office
(806) 463-3616
Managing Director, Government Resources
Brandon Savage
Email
Brandon.Savage@energynet.com
Office
(806) 463-3621
Transaction Manager
Heather Fugger
Email
Heather.Fugger@energynet.com
Office
(806) 463-3619
Junior Strategic Analyst
Anastasia Rademaekers
Email
Anastasia.Rademaekers@energynet.com
Office
(806) 463-3635
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #28
8/6/2019 9:06:52 AM
$1,001
Bidder #26
8/6/2019 9:06:59 AM
$1,000
Bidder #28
8/6/2019 9:06:52 AM
$889
Bidder #22
8/6/2019 9:06:58 AM
$888
Bidder #28
8/6/2019 9:06:52 AM
$846
Bidder #22
8/6/2019 9:05:51 AM
$845
Bidder #26
8/6/2019 9:06:48 AM
$500
Bidder #22
8/6/2019 9:05:51 AM
$36
Bidder #33
8/6/2019 9:06:46 AM
$35
Bidder #22
8/6/2019 9:05:51 AM
$29