SOLD
Registration Status:
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Your Bid Status:
You have not bid on this lot
Tract:
OG1700506
Gross Acres:
73.72
Net Acres:
36.86
Time Remaining:
Auction has ended
Start Time:
7/25/2017 9:56 AM CDT
End Time:
8/1/2017 9:56 AM CDT
Your Bid:
-
Highest Bid:
$367/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$13,992.47
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T164N, R92W
Sec. 26: LOTS 3,4
Tract Details
Lease No.
OG1700506
County, State
Burke, ND
Legal Description
T164N, R92W
Sec. 26: LOTS 3,4
Gross Acres
73.72
Net Acres
36.86
Royalty Rate
1/6th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$184.30
ND Administrative Fee
$10.00
Buyer Premium
2.00%
Additional Information
IMPORTANT NOTICES PERTAINING TO
NORTH DAKOTA DEPARTMENT OF TRUST LAND LEASE AUCTIONS
OFFSET ACTIVITY
Completions from the last 365 days in Burke County, North Dakota
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Drilling Permits from the last 365 days in Burke 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 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
(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
Assistant Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #13
8/1/2017 9:51:28 AM
$367
Bidder #25
8/1/2017 9:55:45 AM
$366
Bidder #13
8/1/2017 9:51:28 AM
$326
Bidder #27
7/31/2017 2:50:35 PM
$325
Bidder #25
7/31/2017 8:32:44 PM
$316
Bidder #27
7/31/2017 2:50:35 PM
$302
Bidder #25
7/31/2017 8:32:24 PM
$301
Bidder #27
7/31/2017 2:50:35 PM
$251
Bidder #25
7/31/2017 8:32:10 PM
$250
Bidder #27
7/31/2017 2:50:35 PM
$201