AUCTION CANCELLED
Registration Status:
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Your Bid Status:
You have not bid on this lot
Tract:
Lease OG2200667
Gross Acres:
148.03
Net Acres:
74.02
Time Remaining:
Auction has ended
Start Time:
7/26/2022 3:11 PM MDT / 4:11 PM CDT
End Time:
8/2/2022 3:11 PM MDT / 4:11 PM CDT
Your Bid:
-
Highest Bid:
-
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Starting Bid:
$532.58
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T152, R87
Sec. 16: W2NW4, LOTS 1,2,5,6
Tract Details
Lease No.
Lease OG2200667
County, State
Ward, ND
Legal Description
T152, R87
Sec. 16: W2NW4, LOTS 1,2,5,6
Gross Acres
148.03
Net Acres
74.02
Royalty Rate
1/6th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$370.10
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Lands 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
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