SOLD
Registration Status:
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Your Bid Status:
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Tract:
Lease OG2200815
Gross Acres:
68.24
Net Acres:
34.12
Time Remaining:
Auction has ended
Start Time:
10/25/2022 10:00 AM MDT / 11:00 AM CDT
End Time:
11/1/2022 10:00 AM MDT / 11:00 AM CDT
Your Bid:
-
Highest Bid:
$556/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$19,720.44
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T158, R91
Sec. 7: LOTS 3,4
Tract Details
Lease No.
Lease OG2200815
County, State
Mountrail, ND
Legal Description
T158, R91
Sec. 7: LOTS 3,4
Gross Acres
68.24
Net Acres
34.12
Royalty Rate
3/16ths
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$170.60
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 #930
11/1/2022 10:59:54 AM
$556
Bidder #432
11/1/2022 10:59:54 AM
$555
Bidder #930
11/1/2022 10:59:54 AM
$551
Bidder #852
11/1/2022 10:59:35 AM
$550
Bidder #930
11/1/2022 10:55:35 AM
$528
Bidder #447
11/1/2022 10:15:58 AM
$315
Bidder #930
10/25/2022 12:33:17 PM
$4
Bidder #447
11/1/2022 10:15:42 AM
$3
Bidder #930
10/25/2022 12:33:17 PM
$2