AUCTION CANCELLED
Registration Status:
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Your Bid Status:
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Tract:
Lease OG2200613
Gross Acres:
160.00
Net Acres:
8.00
Time Remaining:
Auction has ended
Start Time:
7/26/2022 2:17 PM MDT / 3:17 PM CDT
End Time:
8/2/2022 2:17 PM MDT / 3:17 PM CDT
Your Bid:
-
Highest Bid:
-
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Starting Bid:
$66.48
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T151, R87
Sec. 15: NE4
Tract Details
Lease No.
Lease OG2200613
County, State
Ward, ND
Legal Description
T151, R87
Sec. 15: NE4
Gross Acres
160.00
Net Acres
8.00
Royalty Rate
1/6th
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
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.
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