SOLD
Registration Status:
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Your Bid Status:
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Tract:
Lease OG2200574
Gross Acres:
160.00
Net Acres:
8.00
Time Remaining:
Auction has ended
Start Time:
7/26/2022 1:38 PM MDT / 2:38 PM CDT
End Time:
8/2/2022 1:38 PM MDT / 2:38 PM CDT
Your Bid:
-
Highest Bid:
$346/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$2,901.04
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T153, R89
Sec. 23: SE4
Tract Details
Lease No.
Lease OG2200574
County, State
Mountrail, ND
Legal Description
T153, R89
Sec. 23: SE4
Gross Acres
160.00
Net Acres
8.00
Royalty Rate
3/16ths
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$40.00
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
EnergyNet Points of Contact
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #913
8/2/2022 2:37:27 PM
$346
Bidder #809
8/2/2022 2:37:57 PM
$345
Bidder #913
8/2/2022 2:37:27 PM
$266
Bidder #279
8/2/2022 2:35:59 PM
$265
Bidder #270
8/2/2022 2:36:50 PM
$55
Bidder #279
8/2/2022 2:35:59 PM
$16
Bidder #270
8/2/2022 2:36:36 PM
$15
Bidder #279
8/2/2022 2:34 PM
$14
Bidder #809
8/2/2022 2:09:23 PM
$13