EnergyNet - Property Information for Lot 35340;

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Tract:

OG-16-00403 & OG-16-00404

Gross Acres:

47.23

Net Acres:

47.23

Time Remaining:

Auction has ended

Start Time:

5/3/2016 11:16 AM CDT

End Time:

5/10/2016 11:16 AM CDT

Your Bid:

Highest Bid:

$15,198/acre

Starting Bid:

$2/acre

Bid Increment:

Total Cost at Highest Bid:

$732,413.72
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Lease No.

OG-16-00403 & OG-16-00404

County, State

McKenzie, ND

Gross Acres

47.23

Net Acres

47.23

Royalty Rate

3/16

Lease Term

5 Years (Paid Up)

Rental/Acre (Per Year)

$1.00

Rental Due At Closing

$236.15

ND Administrative Fee

$20.00

Buyer Premium

2.00%

Additional Information

Notice: This lot contains the following two leases located in Section 25-T152N-R104W:

Â Â Â Â Â Â Â Â OG-16-00403 - Missouri River in NE/4, containing 46.03 Net/Gross Acres
Â Â Â Â Â Â Â Â OG-16-00404 - Missouri River in NW/4, containing 1.2 Net/Gross Acres

Addendum

Leases will contain an addendum stipulating that no surface occupancy will be allowed.

W: This tract is within an area identified as essential wildlife habitat, however the Department of Trust Lands does not manage the surface.

Drilling Permits from the last 180 days in McKenzie County, North Dakota
source: www.drillinginfo.com

Click here to view

Drilling Rigs on Location in McKenzie County, North Dakota
source: www.drillinginfo.com

Click here to view

Important Notices Pertaining to North Dakota Department of Trust Land Lease Auctions

The tracts available for lease are sold on an as is basis, with no representations or warranties regarding the quality of title, ownership, or the accuracy and completeness of the information provided by the State.
The tracts available for lease are subject to the restrictions found in North Dakota Century Code (NDCC) Chapter 15-05, Leasing Coal, Oil, Gas, and Other Rights (www.legis.nd.gov/cencode/t15c05.pdf) and Administrative Rule Chapter 85-06-06 (http://land.nd.gov/Docs/Minerals/rules.pdf).
The burden of due diligence is the bidder's responsibility prior to any auction.
The lease effective date will be May 3, 2016.
The royalty rate for Billings, Divide, Dunn, Golden Valley, McKenzie, Mountrail and Williams counties is three/sixteenths (3/16). All other counties are one/sixth (1/6) royalty rate.
The successful bidder must make payment by wire transfer or automated clearing house (ACH) for all bonus, rental, and bidder's premium owed to the State within 7 days. The State will accept payment from only one bidder per tract; however, a bidder may make multiple payments in one wire or ACH, provided the bidder indicates which tracts are involved in the payment.
EnergyNet will send the successful bidder an email after the close of the auction with the detailed payment instructions and amounts due to the North Dakota Department of Trust Lands.

Notice: A 2% Buyer Premium, calculated as 2% of the total bonus, will be added to the cost of this lease.

GIS Data

GIS data in the form of a shapefile is available for this lease sale. Click here to download.

Please be advised that the information contained herein is for REFERENCE USE ONLY and is not suitable for legal, engineering, or surveying purposes. Neither Texas nor EnergyNet.com shall be liable for any direct, indirect or consequential damages to any party arising out of or in connection with the use of data contained herein.

Contact Information

North Dakota

Drew Combs

Director of Minerals Management

(701) 328-1909

drew.combs@nd.gov

Allie Bement

Land Professional

(701) 328-1952

abement@nd.gov

EnergyNet

John S. Munroe

VP of Engineering / Government Lease Sales

(832) 403-3122

John.Munroe@energynet.com

Gus Rivero

Manager of Government Lease Sales

(806) 463-3616

Gus.Rivero@energynet.com

Brandon Savage

Asst Manager of Government Lease Sales

(806) 463-3621

Brandon.Savage@energynet.com

Bid History (All)

Bidder #8

5/10/2016 11:15:50 AM

$15,198

Bidder #47

5/10/2016 11:15:53 AM

$15,197

Bidder #8

5/10/2016 11:15:31 AM

$15,179

Bidder #47

5/10/2016 11:14:18 AM

$15,178

Bidder #8

5/10/2016 11:13:24 AM

$7,264

Bidder #11

5/10/2016 11:05:30 AM

$4,000

Bidder #47

5/10/2016 11:10:59 AM

$3,500

Bidder #11

5/10/2016 11:05:30 AM

$2,888

Bidder #15

5/10/2016 10:10:38 AM

$2,887

Bidder #47

5/10/2016 10:44:53 AM

$2,518

Bidder #15

5/10/2016 10:10:38 AM

$2,516

Bidder #34

5/10/2016 8:54 AM

$2,515

Bidder #15

5/10/2016 8:37:33 AM

$2,260

Bidder #34

5/10/2016 8:53:21 AM

$2,000

Bidder #15

5/10/2016 8:37:33 AM

$1,503

Bidder #34

5/10/2016 8:52:59 AM

$1,502

Bidder #15

5/10/2016 8:37:33 AM

$1,301

Bidder #34

5/10/2016 8:52:44 AM

$1,300

Bidder #15

5/10/2016 8:37:33 AM

$1,201

Bidder #34

5/9/2016 2:04:41 PM

$1,200

Bidder #11

5/9/2016 11:25:05 AM

$1,102

Bidder #23

5/9/2016 1:54:43 PM

$1,000

Bidder #11

5/9/2016 11:25:05 AM

$951

Bidder #23

5/9/2016 1:54:07 PM

$950

Bidder #11

5/9/2016 11:25:05 AM

$851

Bidder #34

5/9/2016 10:16:13 AM

$850

Bidder #23

5/8/2016 6:43:39 PM

$800

Bidder #34

5/9/2016 10:15:36 AM

$701

Bidder #23

5/8/2016 6:43:39 PM

$602

Bidder #34

5/9/2016 10:14:58 AM

$601

Bidder #23

5/8/2016 6:43:39 PM

$505

Bidder #34

5/9/2016 10:14:42 AM

$504

Bidder #23

5/8/2016 6:43:39 PM

$503

Bidder #34

5/9/2016 10:14:32 AM

$502

Bidder #23

5/8/2016 6:43:39 PM

$501

Bidder #34

5/7/2016 10:48:22 AM

$500

Bidder #23

5/7/2016 3:42:55 PM

$325

Bidder #34

5/7/2016 10:48:22 AM

$301

Bidder #23

5/7/2016 3:21:26 PM

$300

Bidder #34

5/7/2016 10:48:22 AM

$278

Bidder #23

5/7/2016 3:19:55 PM

$277

Bidder #34

5/7/2016 10:48:22 AM

$276

Bidder #7

5/7/2016 8:23:54 AM

$275

Bidder #21

5/6/2016 9:01:15 AM

$250

Bidder #7

5/7/2016 8:23:25 AM

$225

Bidder #21

5/6/2016 9:01:15 AM

$176

Bidder #7

5/7/2016 8:23:11 AM

$175

Bidder #21

5/6/2016 9:01:15 AM

$130

Bidder #34

5/6/2016 12:26:09 PM

$129

Bidder #21

5/6/2016 9:01:15 AM

$128

Bidder #34

5/6/2016 12:25:52 PM

$127

Bidder #21

5/6/2016 9:01:15 AM

$126

Bidder #7

5/5/2016 7:35:50 PM

$125

Bidder #21

5/5/2016 1:23:59 PM

$75

Bidder #7

5/5/2016 7:35:10 PM

$65

Bidder #21

5/5/2016 1:23:59 PM

$61

Bidder #25

5/5/2016 4:32:53 PM

$60

Bidder #21

5/5/2016 1:23:59 PM

$51

Bidder #34

5/5/2016 2:18:50 PM

$50

Bidder #21

5/5/2016 1:23:59 PM

Bidder #3

5/5/2016 1:51:34 PM

Bidder #21

5/5/2016 8:51:41 AM

Bidder #4

5/3/2016 6:16:43 PM

Bidder #18

5/3/2016 12:32:23 PM

OG-16-00403 & OG-16-00404

Property Schedule

Important Notices Pertaining to North Dakota Department of Trust Land Lease Auctions