Server Time (CDT): Apr. 26, 1:42:58p

OG1700390

Mountrail County, ND
North Dakota Oil and Gas Lease Sale

SOLD

Property Schedule

Due Diligence Began 3/28/2017
Bidding Started 4/25/2017
Bidding Ended 5/2/2017 1:32 PM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Tract:

OG1700390

Gross Acres:

160.00

Net Acres:

80.00

Time Remaining:

Auction has ended

Start Time:

4/25/2017 1:32 PM CDT

End Time:

5/2/2017 1:32 PM CDT

Your Bid:

-

Highest Bid:

$7,002/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$571,773.20
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Lease No.

OG1700390

County, State

Mountrail, ND

Legal Description

T151N, R91W
Sec. 5: SE4

Gross Acres

160.00

Net Acres

80.00

Royalty Rate

3/16th

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

2.00%

Additional Information

PROVISION

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

IMPORTANT NOTICES PERTAINING TO
NORTH DAKOTA DEPARTMENT OF TRUST LAND LEASE AUCTIONS

  1. 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.
  2. 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).
  3. The burden of due diligence is the bidder's responsibility prior to any auction.
  4. The lease effective date will be May 2, 2017.
  5. 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.
  6. 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.
  7. 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.

OFFSET ACTIVITY

Completions from the last 365 days in Mountrail County, North Dakota

Click here to view full screen
Click here to view

Drilling Permits from the last 365 days in Mountrail County, North Dakota

Click here to view full screen
Click here to view

Drilling Rigs on Location in Mountrail County, North Dakota

Click here to view full screen
Click here to view

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


CONTACT INFORMATION


North Dakota

Rick Owings
Land Professional
(701) 328-1948
Email: rwowings@nd.gov

Allie Bement
Land Professional
(701) 328-1952
Email: abement@nd.gov

EnergyNet

John S. Munroe
VP of Engineering / Government Lease Sales
(303) 239-3990
Email: John.Munroe@energynet.com

Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com

Brandon Savage
Asst Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com


Bid History (All)

Bidder

Placed

Amount

Bidder #22

5/2/2017 1:31:41 PM

$7,002

Bidder #17

5/2/2017 1:31:36 PM

$7,001

Bidder #23

5/2/2017 1:31:33 PM

$5,101

Bidder #33

5/2/2017 10:33:14 AM

$2,732

Bidder #31

5/2/2017 1:30:33 PM

$1,299

Bidder #33

5/2/2017 10:33:14 AM

$1,251

Bidder #17

5/2/2017 1:27:39 PM

$1,250

Bidder #33

5/2/2017 10:33:14 AM

$1,201

Bidder #41

5/2/2017 1:24:36 PM

$1,200

Bidder #33

5/2/2017 10:33:14 AM

$1,017

Bidder #22

5/2/2017 1:21:02 PM

$1,016

Bidder #33

5/2/2017 10:33:14 AM

$1,015

Bidder #22

5/2/2017 1:20:33 PM

$1,014

Bidder #33

5/2/2017 10:33:14 AM

$1,013

Bidder #22

5/2/2017 12:43:47 PM

$1,012

Bidder #33

5/2/2017 10:33:14 AM

$1,011

Bidder #17

5/2/2017 11:20:01 AM

$1,010

Bidder #33

5/2/2017 10:33:14 AM

$1,003

Bidder #22

5/2/2017 11:18:10 AM

$1,002

Bidder #33

5/2/2017 10:33:14 AM

$1,001

Bidder #41

5/1/2017 6:48:56 PM

$1,000

Bidder #32

5/2/2017 10:20:35 AM

$500

Bidder #41

5/1/2017 6:48:56 PM

$324

Bidder #7

5/1/2017 9:05:55 PM

$323

Bidder #41

5/1/2017 6:48:56 PM

$322

Bidder #7

5/1/2017 9:05:53 PM

$321

Bidder #41

5/1/2017 6:48:56 PM

$320

Bidder #7

5/1/2017 9:05:51 PM

$319

Bidder #41

5/1/2017 6:48:56 PM

$318

Bidder #7

5/1/2017 9:05:49 PM

$317

Bidder #41

5/1/2017 6:48:56 PM

$316

Bidder #7

5/1/2017 9:05:44 PM

$315

Bidder #41

5/1/2017 6:48:56 PM

$314

Bidder #7

5/1/2017 9:05:42 PM

$313

Bidder #41

5/1/2017 6:48:56 PM

$312

Bidder #7

5/1/2017 9:05:39 PM

$311

Bidder #41

5/1/2017 6:48:56 PM

$310

Bidder #7

5/1/2017 9:05:37 PM

$309

Bidder #41

5/1/2017 6:48:56 PM

$308

Bidder #7

5/1/2017 9:05:35 PM

$307

Bidder #41

5/1/2017 6:48:56 PM

$306

Bidder #7

5/1/2017 9:05:33 PM

$305

Bidder #41

5/1/2017 6:48:56 PM

$304

Bidder #7

5/1/2017 9:05:30 PM

$303

Bidder #41

5/1/2017 6:48:56 PM

$302

Bidder #7

5/1/2017 9:05:27 PM

$301

Bidder #41

5/1/2017 6:48:56 PM

$300

Bidder #7

5/1/2017 9:05:21 PM

$299

Bidder #41

5/1/2017 6:48:56 PM

$298

Bidder #7

5/1/2017 9:05:19 PM

$297

Bidder #41

5/1/2017 6:48:56 PM

$296

Bidder #7

5/1/2017 9:05:17 PM

$295

Bidder #41

5/1/2017 6:48:56 PM

$294

Bidder #7

5/1/2017 9:05:15 PM

$293

Bidder #41

5/1/2017 6:48:56 PM

$292

Bidder #7

5/1/2017 9:05:13 PM

$291

Bidder #41

5/1/2017 6:48:56 PM

$290

Bidder #7

5/1/2017 9:05:12 PM

$289

Bidder #41

5/1/2017 6:48:56 PM

$288

Bidder #7

5/1/2017 9:05:10 PM

$287

Bidder #41

5/1/2017 6:48:56 PM

$286

Bidder #7

5/1/2017 9:05:08 PM

$285

Bidder #41

5/1/2017 6:48:56 PM

$284

Bidder #7

5/1/2017 9:05:06 PM

$283

Bidder #41

5/1/2017 6:48:56 PM

$282

Bidder #7

5/1/2017 9:05:05 PM

$281

Bidder #41

5/1/2017 6:48:56 PM

$280

Bidder #7

5/1/2017 9:05 PM

$279

Bidder #41

5/1/2017 6:48:56 PM

$278

Bidder #7

5/1/2017 9:04:59 PM

$277

Bidder #41

5/1/2017 6:48:56 PM

$276

Bidder #7

5/1/2017 9:04:57 PM

$275

Bidder #41

5/1/2017 6:48:56 PM

$274

Bidder #7

5/1/2017 9:04:55 PM

$273

Bidder #41

5/1/2017 6:48:56 PM

$272

Bidder #7

5/1/2017 9:04:53 PM

$271

Bidder #41

5/1/2017 6:48:56 PM

$270

Bidder #7

5/1/2017 9:04:51 PM

$269

Bidder #41

5/1/2017 6:48:56 PM

$268

Bidder #7

5/1/2017 9:04:49 PM

$267

Bidder #41

5/1/2017 6:48:56 PM

$266

Bidder #7

5/1/2017 9:04:47 PM

$265

Bidder #41

5/1/2017 6:48:56 PM

$264

Bidder #7

5/1/2017 9:04:45 PM

$263

Bidder #41

5/1/2017 6:48:56 PM

$262

Bidder #7

5/1/2017 9:04:43 PM

$261

Bidder #41

5/1/2017 6:48:56 PM

$260

Bidder #7

5/1/2017 9:04:42 PM

$259

Bidder #41

5/1/2017 6:48:56 PM

$258

Bidder #7

5/1/2017 9:04:40 PM

$257

Bidder #41

5/1/2017 6:48:56 PM

$256

Bidder #7

5/1/2017 9:04:38 PM

$255

Bidder #41

5/1/2017 6:48:56 PM

$254

Bidder #7

5/1/2017 9:04:36 PM

$253

Bidder #41

5/1/2017 6:48:56 PM

$252

Bidder #7

5/1/2017 9:04:34 PM

$251

Bidder #41

5/1/2017 6:48:56 PM

$250

Bidder #7

5/1/2017 9:04:32 PM

$249

Bidder #41

5/1/2017 6:48:56 PM

$248

Bidder #7

5/1/2017 9:04:30 PM

$247

Bidder #41

5/1/2017 6:48:56 PM

$246

Bidder #7

5/1/2017 9:04:28 PM

$245

Bidder #41

5/1/2017 6:48:56 PM

$244

Bidder #7

5/1/2017 9:04:27 PM

$243

Bidder #41

5/1/2017 6:48:56 PM

$242

Bidder #7

5/1/2017 9:04:25 PM

$241

Bidder #41

5/1/2017 6:48:56 PM

$240

Bidder #7

5/1/2017 9:04:21 PM

$239

Bidder #41

5/1/2017 6:48:56 PM

$238

Bidder #7

5/1/2017 9:04:20 PM

$237

Bidder #41

5/1/2017 6:48:56 PM

$236

Bidder #7

5/1/2017 9:04:18 PM

$235

Bidder #41

5/1/2017 6:48:56 PM

$234

Bidder #7

5/1/2017 9:04:16 PM

$233

Bidder #41

5/1/2017 6:48:56 PM

$232

Bidder #7

5/1/2017 9:04:14 PM

$231

Bidder #41

5/1/2017 6:48:56 PM

$230

Bidder #7

5/1/2017 9:04:13 PM

$229

Bidder #41

5/1/2017 6:48:56 PM

$228

Bidder #7

5/1/2017 9:04:11 PM

$227

Bidder #41

5/1/2017 6:48:56 PM

$226

Bidder #7

5/1/2017 9:04:09 PM

$225

Bidder #41

5/1/2017 6:48:56 PM

$224

Bidder #7

5/1/2017 9:04:07 PM

$223

Bidder #41

5/1/2017 6:48:56 PM

$222

Bidder #7

5/1/2017 9:04:05 PM

$221

Bidder #41

5/1/2017 6:48:56 PM

$220

Bidder #7

5/1/2017 9:04:04 PM

$219

Bidder #41

5/1/2017 6:48:56 PM

$218

Bidder #7

5/1/2017 9:04:02 PM

$217

Bidder #41

5/1/2017 6:48:56 PM

$216

Bidder #7

5/1/2017 9:04 PM

$215

Bidder #41

5/1/2017 6:48:56 PM

$214

Bidder #7

5/1/2017 9:03:58 PM

$213

Bidder #41

5/1/2017 6:48:56 PM

$212

Bidder #7

5/1/2017 9:03:54 PM

$211

Bidder #41

5/1/2017 6:48:56 PM

$210

Bidder #7

5/1/2017 9:03:43 PM

$209

Bidder #41

5/1/2017 6:48:56 PM

$208

Bidder #7

5/1/2017 9:03:42 PM

$207

Bidder #41

5/1/2017 6:48:56 PM

$206

Bidder #7

5/1/2017 9:03:40 PM

$205

Bidder #41

5/1/2017 6:48:56 PM

$204

Bidder #7

5/1/2017 9:03:38 PM

$203

Bidder #41

5/1/2017 6:48:56 PM

$202

Bidder #7

5/1/2017 9:03:33 PM

$201

Bidder #41

5/1/2017 6:48:56 PM

$200

Bidder #7

5/1/2017 9:03:30 PM

$199

Bidder #41

5/1/2017 6:48:56 PM

$198

Bidder #7

5/1/2017 9:03:27 PM

$197

Bidder #41

5/1/2017 6:48:56 PM

$196

Bidder #7

5/1/2017 9:03:24 PM

$195

Bidder #41

5/1/2017 6:48:56 PM

$194

Bidder #7

5/1/2017 9:03:22 PM

$193

Bidder #41

5/1/2017 6:48:56 PM

$192

Bidder #7

5/1/2017 9:03:19 PM

$191

Bidder #41

5/1/2017 6:48:56 PM

$190

Bidder #7

5/1/2017 9:03:17 PM

$189

Bidder #41

5/1/2017 6:48:56 PM

$188

Bidder #7

5/1/2017 9:03:15 PM

$187

Bidder #41

5/1/2017 6:48:56 PM

$186

Bidder #7

5/1/2017 9:03:13 PM

$185

Bidder #41

5/1/2017 6:48:56 PM

$184

Bidder #7

5/1/2017 9:03:11 PM

$183

Bidder #41

5/1/2017 6:48:56 PM

$182

Bidder #7

5/1/2017 9:03:09 PM

$181

Bidder #41

5/1/2017 6:48:56 PM

$180

Bidder #7

5/1/2017 9:03:06 PM

$179

Bidder #41

5/1/2017 6:48:56 PM

$178

Bidder #7

5/1/2017 9:03 PM

$177

Bidder #41

5/1/2017 6:48:56 PM

$176

Bidder #7

5/1/2017 9:02:58 PM

$175

Bidder #41

5/1/2017 6:48:56 PM

$174

Bidder #7

5/1/2017 9:02:54 PM

$173

Bidder #41

5/1/2017 6:48:56 PM

$172

Bidder #7

5/1/2017 9:02:46 PM

$171

Bidder #41

5/1/2017 6:48:56 PM

$170

Bidder #30

5/1/2017 6:01:26 PM

$169

Bidder #35

5/1/2017 5:44:40 PM

$100

Bidder #30

5/1/2017 12:42:39 PM

$69

Bidder #9

5/1/2017 10:11:08 AM

$40

Bidder #30

5/1/2017 12:42:31 PM

$33

Bidder #9

4/26/2017 5:45:59 PM

$2