AUCTION CANCELLED
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
You have not bid on this lot
Tract:
Tract 33
Gross Acres:
240.00
Net Acres:
240.00
Time Remaining:
Auction has ended
Start Time:
2/23/2022 10:04 AM MST / 11:04 AM CST
End Time:
3/1/2022 10:04 AM MST / 11:04 AM CST
Your Bid:
-
Highest Bid:
-
Starting Bid:
$1.75/acre
Total Cost at Starting Bid:
$453.40
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T37N, R3E
Sec. 36: NW4,W2NE4, BELOW THE BASE OF THE BLACKLEAF FORMATION
Tract Details
Property/Well Name
Tract 33
County, State
Toole, MT
Legal Description
T37N, R3E
Sec. 36: NW4,W2NE4, BELOW THE BASE OF THE BLACKLEAF FORMATION
Gross Acres
240.00
Net Acres
240.00
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