OG1900897
SOLD
Property Schedule
Sec. 28: MISSOURI RIVER IN SE4
Update: 07/16/2019
This tract is subject to Lis Pendens recorded in Doc. 517124, McKenzie County, North Dakota on July 8, 2019.
Tract Details
Sec. 28: MISSOURI RIVER IN SE4
Update: 07/16/2019
This tract is subject to Lis Pendens recorded in Doc. 517124, McKenzie County, North Dakota on July 8, 2019.
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.
Provision
W: This tract is within an area identified as essential wildlife habitat, however the Department of Trust Lands does not manage the surface.
R: Indicates that leases will contain an addendum stipulating that no surface occupancy will be allowed.
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 #27
8/7/2019 1:31:36 PM
$700
Bidder #28
8/7/2019 1:31:58 PM
$699
Bidder #27
8/7/2019 1:31:36 PM
$526
Bidder #16
8/7/2019 1:31:55 PM
$525
Bidder #27
8/7/2019 1:31:36 PM
$516
Bidder #16
8/7/2019 1:31:49 PM
$515
Bidder #27
8/7/2019 1:31:36 PM
$513
Bidder #16
8/7/2019 1:24:15 PM
$512
Bidder #50
8/7/2019 1:23:44 PM
$505
Bidder #16
8/7/2019 12:59:08 PM
$500