SOLD
Registration Status:
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Your Bid Status:
You have not bid on this lot
Tract:
ALU# 202300025
Gross Acres:
151.08
Net Acres:
75.54
Time Remaining:
Auction has ended
Start Time:
3/7/2023 9:48 AM CST
End Time:
3/14/2023 9:48 AM CDT
Your Bid:
-
Highest Bid:
$201/acre
Starting Bid:
$26/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$16,026.75
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T162, R90
Sec. 7: E2SW4, LOTS 3,4
Tract Details
Lease No.
ALU# 202300025
County, State
Burke, ND
Legal Description
T162, R90
Sec. 7: E2SW4, LOTS 3,4
Gross Acres
151.08
Net Acres
75.54
Royalty Rate
1/6th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$377.70
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Lands Lease Auctions
Offset Activity
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 #305
3/13/2023 4:24:17 PM
$201
Bidder #304
3/14/2023 9:47:54 AM
$200
Bidder #305
3/13/2023 4:24:17 PM
$105
Bidder #193
3/14/2023 9:44:29 AM
$104
Bidder #305
3/13/2023 4:24:17 PM
$103
Bidder #193
3/14/2023 9:44:01 AM
$102
Bidder #305
3/13/2023 4:24:17 PM
$101
Bidder #55
3/13/2023 4:41:01 PM
$100
Bidder #305
3/13/2023 4:24:17 PM
$81
Bidder #55
3/13/2023 4:40:39 PM
$80