SOLD
Registration Status:
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Your Bid Status:
You have not bid on this lot
Tract:
OG2200232
Gross Acres:
160.00
Net Acres:
80.00
Time Remaining:
Auction has ended
Start Time:
4/26/2022 1:48 PM MDT / 2:48 PM CDT
End Time:
5/3/2022 1:48 PM MDT / 2:48 PM CDT
Your Bid:
-
Highest Bid:
$570/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$47,378
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T159N, R101W
Sec. 36: NW4
Tract Details
Lease No.
OG2200232
County, State
Williams, ND
Legal Description
T159N, R101W
Sec. 36: NW4
Gross Acres
160.00
Net Acres
80.00
Royalty Rate
3/16th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$400.00
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Land Lease Auctions
Seller Acquisition Agreement(s)
The North Dakota Department of Trust Lands Forms and Policies may be found at www.land.nd.gov/surface-minerals-management/mineral-auctions/forms-and-policies.
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 3% Buyer Premium, calculated as 3% 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
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #231
5/3/2022 2:47:58 PM
$570
Bidder #268
5/3/2022 2:46:47 PM
$569
Bidder #918
5/3/2022 11:01:49 AM
$501
Bidder #268
5/3/2022 11:13:10 AM
$499
Bidder #918
5/3/2022 11:01:49 AM
$460
Bidder #268
5/3/2022 11:12:54 AM
$459
Bidder #918
5/3/2022 11:01:49 AM
$370
Bidder #268
5/3/2022 11:09:13 AM
$369
Bidder #918
5/3/2022 11:01:49 AM
$79
Bidder #268
5/3/2022 10:20:38 AM
$78