SOLD
Registration Status:
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Your Bid Status:
You have not bid on this lot
Tract:
Tract 29
Gross Acres:
320.00
Net Acres:
320.00
Time Remaining:
Auction has ended
Start Time:
2/23/2022 9:56 AM MST / 10:56 AM CST
End Time:
3/1/2022 9:56 AM MST / 10:56 AM CST
Your Bid:
-
Highest Bid:
$160/acre
Starting Bid:
$1.75/acre
Total Cost at Highest Bid:
$52,249
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T12N, R34E
Sec. 30: E2
Tract Details
Property/Well Name
Tract 29
County, State
Rosebud, MT
Legal Description
T12N, R34E
Sec. 30: E2
Gross Acres
320.00
Net Acres
320.00
Royalty Rate
16.67%
Lease Term
10 Years
Rental/Acre (Per Year)
$1.50
MT Administrative Fee
$25.00
Buyer Premium
2.00%
Important Notice
This tract has received a nomination for $1.50/acre per year rental. If no other bids are received, this tract will be awarded to the nominator in accordance with the State of Montana DNRC rules and regulations.
Delayed Drilling Penalty (DDP)
Delayed Drilling Penalty | Amount/Acre/Year |
---|---|
6th Year DDP (Delayed Drilling Penalty) | $1.25 |
7th thru 10th Year DDP | $2.50 |
Stipulations
Successful Bidder Notification
When the bids are accepted by the State of Montana DNRC, the successful bidder will be notified via email with closing instructions, including total amount due.
Payment must be made within two business days.
Offset Activity
Buyer Premium
A 2% Buyer Premium, calculated as 2% of the total bid amount, will be added to the cost of this lease.
State of Montana DNRC Point of Contact
EnergyNet Point of Contact
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #580
3/1/2022 10:55:54 AM
$160
Bidder #924
3/1/2022 10:55:52 AM
$155
Bidder #580
3/1/2022 10:55:33 AM
$150
Bidder #924
3/1/2022 10:55:44 AM
$135
Bidder #580
3/1/2022 10:55:33 AM
$110
Bidder #924
3/1/2022 10:55:30 AM
$105