SOLD
Registration Status:
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Your Bid Status:
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Tract:
Lease OG2200535
Gross Acres:
160.00
Net Acres:
80.00
Time Remaining:
Auction has ended
Start Time:
7/26/2022 12:59 PM MDT / 1:59 PM CDT
End Time:
8/2/2022 12:59 PM MDT / 1:59 PM CDT
Your Bid:
-
Highest Bid:
$401/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$33,452.40
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T151, R91
Sec. 17: NW4
Tract Details
Lease No.
Lease OG2200535
County, State
Mountrail, ND
Legal Description
T151, R91
Sec. 17: NW4
Gross Acres
160.00
Net Acres
80.00
Royalty Rate
3/16ths
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
Provision
W: The land covered by this oil and gas lease lies beneath an area identified as essential wildlife habitat and development may be subject to additional procedures as part of an Application to Drill. The surface is not managed by the Department of Trust Lands.
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
EnergyNet Points of Contact
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #592
8/2/2022 1:58:54 PM
$401
Bidder #913
8/2/2022 1:58:59 PM
$400
Bidder #592
8/2/2022 1:58:54 PM
$351
Bidder #913
8/2/2022 1:58:20 PM
$350
Bidder #832
8/2/2022 1:58:47 PM
$66
Bidder #913
8/2/2022 1:58:20 PM
$48
Bidder #832
8/2/2022 1:58:31 PM
$47
Bidder #913
8/2/2022 1:58:20 PM
$15
Bidder #832
8/2/2022 1:53:40 PM
$14
Bidder #641
8/2/2022 12:30:22 PM
$13