ND-2020-09-0128
SOLD
Property Schedule
Sec. 8 S1/2SE1/4
Parcel Details
ND-2020-09-0128
Sec. 8 S1/2SE1/4
50.00% US Mineral Interest
ACQ
Lease Terms and Conditions
All bidding and lease sale on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.
A lease issued as a result of this sale will have a primary term of 10 years. It will continue beyond its primary term as long as oil or gas in paying quantities is produced on or for the benefit of the lease. Advance rental at $1.50 per acre for the first 5 years ($2 per acre after that) is due on or before the anniversary date each year until production begins. Once a lease is producing, you must pay a royalty of 12.5 percent of the value or the amount of production removed or sold from the lease. You will find other lease terms on our standard lease form (Form 3100-11, October 2008).
Lease Stipulations
Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations.
They are requirements or restrictions on how you conduct operations.
They become part of the lease and supersede any inconsistent provisions in the lease form. See Sale Notice for stipulation details.
THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:
- CR 16-1 Cultural Resources Lease Stipulation
- NSO 11-33 Wetlands, Lakes, and Ponds For the following lands: T. 159 N., R. 98 W., 5TH PM, Sec. 8 SW1/4SE1/4;Standard 16-3 Standard Oil and Gas Lease Stipulations
- TES 16-2 Endangered Species Act Section 7 Consultation, TL 13-15 Waterfowl Nesting Habitat
- CSU 12-5 Riparian Areas of Wetlands, Streams, and Rivers For the following lands: T. 159 N., R. 98 W., 5TH PM, Sec. 8 SW1/4SE1/4
- LN 14-12 Paleontological Resource Inventory Requirement
- LN 14-18 Air Resource Analysis
- LN 14-2 Cultural Resources
- LN 14-20 Migratory Bird Treaty Act
- LN 14-3 Paleontological Resources
- LN 14-39 Raptors
Successful Bidder Notification
After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.
On the day of the sale, you must pay at least the minimum bonus bid of $2 per acre or fraction of an acre; the first year's advance rental of $1.50 per acre or fraction of an acre; and a non-refundable administrative fee of $170, to the BLM State Office by the close of business.
Buyer Premium
A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.
BLM Montana Contact Information
EnergyNet Points of Contact
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #16
9/22/2020 9:29:54 AM
$355
Bidder #17
9/22/2020 9:30 AM
$354
Bidder #16
9/22/2020 9:29:54 AM
$353
Bidder #17
9/22/2020 9:29:58 AM
$352
Bidder #16
9/22/2020 9:29:54 AM
$351
Bidder #33
9/22/2020 9:26:48 AM
$350
Bidder #17
9/22/2020 9:29:53 AM
$229
Bidder #33
9/22/2020 9:26:48 AM
$228
Bidder #17
9/22/2020 9:29:48 AM
$227
Bidder #33
9/22/2020 9:26:48 AM
$226