SOLD
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
You have not bid on this lot
Tract:
ALU# 202300125
Gross Acres:
160.00
Net Acres:
80.00
Time Remaining:
Auction has ended
Start Time:
3/7/2023 1:08 PM CST
End Time:
3/14/2023 1:08 PM CDT
Your Bid:
-
Highest Bid:
$302/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$25,294.80
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T159, R103
Sec. 15: NW4
Tract Details
Lease No.
ALU# 202300125
County, State
Williams, ND
Legal Description
T159, R103
Sec. 15: NW4
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
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 #601
3/14/2023 1:07:06 PM
$302
Bidder #304
3/14/2023 1:01:26 PM
$301
Bidder #601
3/14/2023 12:35:41 PM
$250
Bidder #304
3/14/2023 1:01:16 PM
$230
Bidder #601
3/14/2023 12:35:41 PM
$229
Bidder #304
3/14/2023 1:01:13 PM
$228
Bidder #601
3/14/2023 12:35:41 PM
$227
Bidder #304
3/14/2023 1:01:09 PM
$226
Bidder #601
3/14/2023 12:35:41 PM
$225
Bidder #304
3/14/2023 1:01:04 PM
$224