SOLD
Registration Status:
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Your Bid Status:
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Tract:
ALU# 202300116
Gross Acres:
160.00
Net Acres:
8.00
Time Remaining:
Auction has ended
Start Time:
3/7/2023 12:50 PM CST
End Time:
3/14/2023 12:50 PM CDT
Your Bid:
-
Highest Bid:
$6,803/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$56,106.72
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T159, R100
Sec. 15: SW4
Tract Details
Lease No.
ALU# 202300116
County, State
Williams, ND
Legal Description
T159, R100
Sec. 15: SW4
Gross Acres
160.00
Net Acres
8.00
Royalty Rate
3/16ths
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$40.00
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Lands Lease Auctions
Provision
W: The land covered by this oil and gas lease lies beneath an area identified as essential wildlife habitat and development may be subject to additional procedures as part of an Application to Drill. The surface is not managed by the Department of Trust Lands.
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 #31
3/14/2023 12:49:48 PM
$6,803
Bidder #633
3/14/2023 12:49:59 PM
$6,802
Bidder #31
3/14/2023 12:49:48 PM
$6,801
Bidder #633
3/14/2023 12:49:56 PM
$6,800
Bidder #31
3/14/2023 12:49:48 PM
$2,550
Bidder #576
3/14/2023 12:49:48 PM
$2,549
Bidder #31
3/14/2023 12:48:54 PM
$2,527
Bidder #576
3/14/2023 12:49:22 PM
$2,526
Bidder #31
3/14/2023 12:48:54 PM
$2,502
Bidder #576
3/14/2023 10:06:36 AM
$2,501