SOLD
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Tract:
Lease OG2200686
Gross Acres:
160.00
Net Acres:
80.00
Time Remaining:
Auction has ended
Start Time:
7/26/2022 3:30 PM MDT / 4:30 PM CDT
End Time:
8/2/2022 3:30 PM MDT / 4:30 PM CDT
Your Bid:
-
Highest Bid:
$256/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$21,504.40
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T158, R101
Sec. 8: SW4
Tract Details
Lease No.
Lease OG2200686
County, State
Williams, ND
Legal Description
T158, R101
Sec. 8: SW4
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
P: The land covered by this oil and gas lease contains an archaeological or paleontological resource which may need to be protected. Lessee shall not disturb the surface of the leased premises until the provisions of this addendum are satisfied. At least 20 days prior to any surface disturbance of the leased premises, the lessee shall notify the North Dakota Department of Trust Lands of the location of the intended surface disturbance and what the disturbance will entail. The Department of Trust Lands, after considering advice from the State Historical Board or the North Dakota Geological Survey, will determine what, if any, protection of the resource shall be necessary before allowing access to the area intended to be disturbed. If the lessee objects to the requested protection, the lessee may present its objection to the Department of Trust Lands. The Commissioner of University and School Lands, subject to appeal to the Board of University and School Lands, shall make the final determination as to what protection or preservation measures must be undertaken before surface disturbance begins.
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 #270
8/2/2022 4:29:51 PM
$256
Bidder #592
8/2/2022 4:29:57 PM
$255
Bidder #270
8/2/2022 3:13:44 PM
$178
Bidder #95
8/2/2022 8:22:24 AM
$177
Bidder #808
8/2/2022 8:19:35 AM
$151
Bidder #95
8/1/2022 12:46:01 PM
$124