AUCTION CANCELLED
Registration Status:
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Your Bid Status:
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Tract:
OG1700637
Gross Acres:
95.78
Net Acres:
95.78
Time Remaining:
Auction has ended
Start Time:
7/25/2017 2:18 PM CDT
End Time:
8/1/2017 2:18 PM CDT
Your Bid:
-
Highest Bid:
-
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Starting Bid:
$684.29
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T160N, R89W
Sec. 1: ALL LAKEBED IN NE4
Tract Details
Lease No.
OG1700637
County, State
Ward, ND
Legal Description
T160N, R89W
Sec. 1: ALL LAKEBED IN NE4
Gross Acres
95.78
Net Acres
95.78
Royalty Rate
1/6th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$478.90
ND Administrative Fee
$10.00
Buyer Premium
2.00%
Additional Information
PROVISIONS
R: Indicates that leases will contain an addendum stipulating that no surface occupancy will be allowed.
P: Indicates leases shall contain a stipulation indicating a paleontological resource has been identified on this tract and may need to be protected. At least 20 days prior to any surface disturbance, our lessee shall notify the Department of Trust Lands of the intended surface disturbance. The Commissioner of University and School Lands will consider advice from the Historical Society and Geological Survey to determine what, if any, protection shall be necessary under Sec. 85-06-06-12 of the Board of University and School Lands' rules and regulations.
IMPORTANT NOTICES PERTAINING TO
NORTH DAKOTA DEPARTMENT OF TRUST LAND LEASE AUCTIONS
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