AUCTION CANCELLED
Registration Status:
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Your Bid Status:
You have not bid on this lot
Tract:
Lease OG2200420
Gross Acres:
160.00
Net Acres:
80.00
Time Remaining:
Auction has ended
Start Time:
7/26/2022 11:05 AM MDT / 12:05 PM CDT
End Time:
8/2/2022 11:05 AM MDT / 12:05 PM CDT
Your Bid:
-
Highest Bid:
-
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Starting Bid:
$574.80
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T150, R88
Sec. 24: SE4
Tract Details
Lease No.
Lease OG2200420
County, State
McLean, ND
Legal Description
T150, R88
Sec. 24: SE4
Gross Acres
160.00
Net Acres
80.00
Royalty Rate
1/6th
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 Lands Lease Auctions
Offset Activity
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
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