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