SOLD
Registration Status:
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Your Bid Status:
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Tract:
OG1800009
Gross Acres:
103.12
Net Acres:
53.95
Time Remaining:
Auction has ended
Start Time:
1/30/2018 9:16 AM CST
End Time:
2/6/2018 9:16 AM CST
Your Bid:
-
Highest Bid:
$506/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$28,124.42
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T144N, R102W
Sec. 16: SW4SW4, LOT 7, PART OF LOTS 6, 8 IN SW4
Tract Details
Lease No.
OG1800009
County, State
Billings, ND
Legal Description
T144N, R102W
Sec. 16: SW4SW4, LOT 7, PART OF LOTS 6, 8 IN SW4
Gross Acres
103.12
Net Acres
53.95
Royalty Rate
3/16th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$269.75
ND Administrative Fee
$10.00
Buyer Premium
2.00%
Additional Information
PROVISIONS
S: This tract is within an area identified as essential wildlife habitat. The lessee or lessee's operator must contact the Commissioner prior to any surface activity. Operational mitigation measures to reduce impact, including timing restrictions, location adjustments and reduced or restricted surface occupancy may be required.
IMPORTANT NOTICES PERTAINING TO
NORTH DAKOTA DEPARTMENT OF TRUST LAND LEASE AUCTIONS
OFFSET ACTIVITY
Completions from the last 365 days in Billings County, North Dakota
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Drilling Permits from the last 365 days in Billings 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
2/6/2018 7:46:56 AM
$506
Bidder #31
2/6/2018 9:14:53 AM
$505
Bidder #13
2/6/2018 7:46:56 AM
$504
Bidder #12
2/6/2018 9:10:05 AM
$503
Bidder #13
2/6/2018 7:46:56 AM
$470
Bidder #12
2/6/2018 9:09:59 AM
$469
Bidder #13
2/6/2018 7:46:56 AM
$403
Bidder #12
2/6/2018 9:09:52 AM
$402
Bidder #13
2/6/2018 7:46:56 AM
$370
Bidder #12
2/6/2018 9:09:43 AM
$369