Server Time (CDT): Mar. 29, 5:57:03a

09-17-01

Dunn County, ND
BLM Montana Federal Lease Sale, September 12, 2017

SOLD

Property Schedule

Due Diligence Began 6/15/2017
Bidding Started 9/11/2017
Bidding Ended 9/12/2017 8:30 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

09-17-01

Acres:

2.78

Time Remaining:

Auction has ended

Start Time:

9/11/2017 7:30 AM MDT / 8:30 AM CDT

End Time:

9/12/2017 7:30 AM MDT / 8:30 AM CDT

Your Bid:

-

Highest Bid:

$10,501/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$32,140.05
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

09-17-01

County, State

Dunn, ND

Legal Description

UPDATE 09/08/2017: Pending Communitization Agreement
T. 148 N, R. 96 W, 5TH PM, ND
SEC. 35 LOT 1;

Acres

2.78

Rental (1st Year)

$4.50

Royalty

12.5%

Administrative Fee

$160.00

Comments

PD

Additional Information

UPDATE 09/08/2017

NOTE: Pending Communitization Agreement

As of the date of this posting, the land in this parcel is within a pending Communitization Agreement (CA) No. NDM 108469 which includes all of Section 35 and communitizes the Bear Creek/Bakken Pool Formation. Upon approval of the CA, these lands will be committed to the CA, and joinder is not required. The CA operator may require the successful bidder to pay certain administrative and operating costs.

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. Advance rental at $1.50 per acre for the first 5 years ($2 per acre after that) is due on or before the anniversary date each year until production begins. Once a lease is producing, you must pay a royalty of 12.5 percent of the value or the amount of production removed or sold from the lease. You will find other lease terms on our standard lease form (Form 3100-11, October 2008).

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. The stipulations can be found by clicking here.

THIS PARCEL IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • CR 16-1 (ALL LANDS)
  • CSU 12-5 (ALL LANDS)
  • LN 14-12 (ALL LANDS)
  • LN 14-18 (ALL LANDS)
  • NSO 11-33 (ALL LANDS)
  • Standard 16-3 (ALL LANDS)
  • TES 16-2 (ALL LANDS)
  • TL 13-15 (ALL LANDS)

OFFSET ACTIVITY

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

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

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Drilling Rigs on location in Dunn County, North Dakota

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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 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.


CONTACT INFORMATION


BLM - Montana

Email: BLM_MT_Fluids_Sales@blm.gov

EnergyNet

John S. Munroe
VP of Engineering / Government Lease Sales
(832) 403-3122
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 #12

9/12/2017 8:29:51 AM

$10,501

Bidder #14

9/12/2017 8:28:20 AM

$10,500

Bidder #10

9/12/2017 8:06:04 AM

$9,858

Bidder #7

9/12/2017 7:25:56 AM

$8,500

Bidder #13

9/12/2017 7:07:32 AM

$8,156

Bidder #10

9/11/2017 11:08:02 PM

$7,503

Bidder #13

9/12/2017 7:04:42 AM

$7,500

Bidder #10

9/11/2017 11:08:02 PM

$7,001

Bidder #6

9/11/2017 5:45:53 PM

$7,000

Bidder #10

9/11/2017 5:14:12 PM

$6,501

Bidder #12

9/11/2017 2:31:22 PM

$6,000

Bidder #14

9/11/2017 4:25:18 PM

$5,556

Bidder #12

9/11/2017 2:31:22 PM

$5,504

Bidder #10

9/11/2017 2:39:52 PM

$5,503

Bidder #12

9/11/2017 2:31:22 PM

$5,002

Bidder #4

9/11/2017 2:21:57 PM

$5,001

Bidder #6

9/11/2017 1:27:39 PM

$4,000

Bidder #9

9/11/2017 9:32:52 AM

$250

Bidder #10

9/11/2017 10:54:08 AM

$11

Bidder #9

9/11/2017 9:32:52 AM

$4

Bidder #10

9/11/2017 10:46:30 AM

$3

Bidder #9

9/11/2017 9:32:52 AM

$2