SOLD
Registration Status:
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Your Bid Status:
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Tract:
Lease OG2200745
Gross Acres:
40.00
Net Acres:
6.67
Time Remaining:
Auction has ended
Start Time:
10/25/2022 8:50 AM MDT / 9:50 AM CDT
End Time:
11/1/2022 8:50 AM MDT / 9:50 AM CDT
Your Bid:
-
Highest Bid:
$601/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$4,172.28
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T155, R89
Sec. 19: SE4SE4
Tract Details
Lease No.
Lease OG2200745
County, State
Mountrail, ND
Legal Description
T155, R89
Sec. 19: SE4SE4
Gross Acres
40.00
Net Acres
6.67
Royalty Rate
3/16ths
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$33.35
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
EnergyNet Points of Contact
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #700
11/1/2022 9:49:58 AM
$601
Bidder #852
11/1/2022 9:49:47 AM
$600
Bidder #700
11/1/2022 9:49:05 AM
$576
Bidder #852
11/1/2022 9:49:37 AM
$450
Bidder #700
11/1/2022 9:49:05 AM
$301
Bidder #852
11/1/2022 9:49:30 AM
$300
Bidder #700
11/1/2022 9:49:05 AM
$251
Bidder #852
11/1/2022 9:49:23 AM
$250
Bidder #700
11/1/2022 9:49:05 AM
$201
Bidder #852
11/1/2022 9:49:16 AM
$200