ND-2023-06-0698
SOLD
Property Schedule
See Amendment Notice No. 2
Updated 06/08/2023
See Amendment Notice No. 3
T. 148 N., R. 101 W., 5TH PM,
Sec. 2 LOTS 3;
Parcel Details
See Amendment Notice No. 2
Updated 06/08/2023
See Amendment Notice No. 3
T. 148 N., R. 101 W., 5TH PM,
Sec. 2 LOTS 3;
Lease Terms and Conditions
All bidding and lease sale on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.
A lease issued as a result of this sale will have a primary term of 10 years. It will continue beyond its primary term as long as oil or gas in paying quantities is produced on or for the benefit of the lease. Rental at $3.00 per acre for the first 2 years, $5.00 per acre for years 3 thru 8, and $15.00 per acre thereafter is due on or before the anniversary date with the first year's rental paid to the BLM and subsequent payments paid to the Office of Natural Resources Revenue (ONRR) each year until production begins.
The royalty rate that applies to the lands offered in this lease sale is a fixed 16.67 percent. Once a lease is producing, you must pay a royalty of 16.67 percent (or as the lease is amended) of the value or the amount of production removed or sold from the lease. You will find other lease terms on the standard lease form. (Form 3100-011, March 2023).
Lease Stipulations
Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations. They are requirements or restrictions on how you conduct operations.
They become part of the lease and supersede any inconsistent provisions in the lease form. See Sale Notice for stipulation details.
THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:
- CR 16-1 CULTURAL RESOURCES
- MT 15-1 Drainage
- Standard 16-3 Standard Oil and Gas Lease Stipulations
- TES 16-2 ENDANGERED SPECIES ACT SECTION 7 CONSULTATION STIPULATION
- LN 14-2 Cultural Resources
- LN 14-12 Paleontological Resource Inventory Requirement
- LN 14-18 Air Resource Analysis
- LN 14-20 Migratory Bird Treaty Act
- LN 14-23 Setback from Human Occupied Residences Requirement
- LN 14-33 Cultural Inventory Requirement
Successful Bidder Notification and Buyer Premium
After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.
On the day of the sale, you must pay at least the minimum bonus bid of $10 per acre or fraction of an acre; the first year's advance rental of $3 per acre or fraction of an acre; and a non-refundable administrative fee of $185, to the BLM State Office by the close of business.
A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.
Communitization Agreement(s)
NDMT105378087 The land within this parcel is committed to Communitization Agreement (CA) NDM 104290 / NDMT105378087, Bakken Formation, effective March 14, 2012, which includes the entire area of this parcel. The operator of this CA is Hunt Oil Company. The successful bidder should contact the CA operator to determine their rights under this CA. The CA operator may require the successful bidder to pay a proportionate cost of the well, including drilling, completing, equipping, and operating the well as a condition of participating in the CA.
BLM Montana Contact Information
EnergyNet Points of Contact
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #821
6/27/2023 9:32:06 AM
$3,000
Bidder #94
6/27/2023 10:21:30 AM
$2,600
Bidder #821
6/27/2023 9:32:06 AM
$2,201
Bidder #94
6/27/2023 10:20:37 AM
$2,200
Bidder #821
6/27/2023 9:32:06 AM
$1,503
Bidder #94
6/27/2023 9:42:47 AM
$1,502
Bidder #821
6/27/2023 9:32:06 AM
$1,001
Bidder #94
6/27/2023 9:40:03 AM
$1,000
Bidder #821
6/27/2023 9:32:06 AM
$251
Bidder #94
6/27/2023 9:31:19 AM
$250