Server Time (CDT): Apr. 29, 11:49:30p

OG1800048

Mountrail County, ND
North Dakota Oil and Gas Lease Sale, February 6, 2018

SOLD

Property Schedule

Due Diligence Began 12/18/2017
Bidding Started 1/30/2018
Bidding Ended 2/6/2018 10:34 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Tract:

OG1800048

Gross Acres:

28.65

Net Acres:

28.65

Time Remaining:

Auction has ended

Start Time:

1/30/2018 10:34 AM CST

End Time:

2/6/2018 10:34 AM CST

Your Bid:

-

Highest Bid:

$18,001/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$526,196.47
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Lease No.

OG1800048

County, State

Mountrail, ND

Legal Description

T153N, R93W
Sec. 28: MISSOURI RIVER IN NE4

Gross Acres

28.65

Net Acres

28.65

Royalty Rate

3/16th

Lease Term

5 Years (Paid Up)

Rental/Acre (Per Year)

$1.00

Rental Due At Closing

$143.25

ND Administrative Fee

$10.00

Buyer Premium

2.00%

Additional Information

PROVISIONS

W: This tract is within an area identified as essential wildlife habitat, however the Department of Trust Lands does not manage the surface.

R: Indicates that leases will contain an addendum stipulating that no surface occupancy will be allowed.

IMPORTANT NOTICES PERTAINING TO
NORTH DAKOTA DEPARTMENT OF TRUST LAND LEASE AUCTIONS

  1. The tracts available for lease are sold on an as is basis, with no representations or warranties regarding the quality of title, ownership, or the accuracy and completeness of the information provided by the State.
  2. The tracts available for lease are subject to the restrictions found in North Dakota Century Code (NDCC) Chapter 15-05, Leasing Coal, Oil, Gas, and Other Rights (www.legis.nd.gov/cencode/t15c05.pdf) and Administrative Rule Chapter 85-06-06 (http://land.nd.gov/Docs/Minerals/rules.pdf).
  3. The burden of due diligence is the bidder's responsibility prior to any auction.
  4. The lease effective date will be February 6, 2018.
  5. The royalty rate for Billings, Divide, Dunn, Golden Valley, McKenzie, Mountrail and Williams counties is three/sixteenths (3/16). All other counties are one/sixth (1/6) royalty rate.
  6. The successful bidder must make payment by wire transfer or automated clearing house (ACH) for all bonus, rental, and bidder's premium owed to the State within 7 days. The State will accept payment from only one bidder per tract; however, a bidder may make multiple payments in one wire or ACH, provided the bidder indicates which tracts are involved in the payment.
  7. EnergyNet will send the successful bidder an email after the close of the auction with the detailed payment instructions and amounts due to the North Dakota Department of Trust Lands.

OFFSET ACTIVITY

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

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

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Drilling Rigs on location in Mountrail 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 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 (All)

Bidder

Placed

Amount

Bidder #27

2/6/2018 10:32:39 AM

$18,001

Bidder #17

2/6/2018 10:33:04 AM

$18,000

Bidder #27

2/6/2018 10:32:39 AM

$12,104

Bidder #32

2/6/2018 10:15:04 AM

$12,103

Bidder #50

2/6/2018 10:30:47 AM

$6,500

Bidder #32

2/6/2018 10:15:04 AM

$5,502

Bidder #27

2/6/2018 10:25:09 AM

$5,501

Bidder #32

2/6/2018 9:54:54 AM

$5,251

Bidder #18

2/6/2018 10:03:41 AM

$5,250

Bidder #32

2/6/2018 9:54:54 AM

$5,101

Bidder #18

2/6/2018 9:52:25 AM

$5,100

Bidder #32

2/6/2018 9:26:17 AM

$5,000

Bidder #18

2/6/2018 9:51:59 AM

$4,750

Bidder #32

2/6/2018 9:26:17 AM

$4,502

Bidder #33

2/6/2018 9:14:39 AM

$4,501

Bidder #31

2/6/2018 8:42:42 AM

$3,000

Bidder #27

2/6/2018 9:02:19 AM

$2,805

Bidder #31

2/6/2018 8:42:42 AM

$2,802

Bidder #12

2/5/2018 11:55:27 AM

$2,801

Bidder #31

2/6/2018 8:42:31 AM

$2,762

Bidder #12

2/5/2018 11:55:27 AM

$2,761

Bidder #31

2/5/2018 11:08:29 PM

$2,760

Bidder #12

2/5/2018 11:55:27 AM

$2,759

Bidder #31

2/5/2018 11:08:25 PM

$2,758

Bidder #12

2/5/2018 11:55:27 AM

$2,757

Bidder #31

2/5/2018 11:08:21 PM

$2,756

Bidder #12

2/5/2018 11:55:27 AM

$2,755

Bidder #31

2/5/2018 11:08:14 PM

$2,754

Bidder #12

2/5/2018 11:55:27 AM

$2,753

Bidder #31

2/5/2018 11:08:10 PM

$2,752

Bidder #12

2/5/2018 11:55:27 AM

$2,751

Bidder #31

2/5/2018 1:22:10 PM

$2,750

Bidder #12

2/5/2018 11:55:27 AM

$2,523

Bidder #31

2/5/2018 1:21:51 PM

$2,522

Bidder #12

2/5/2018 11:55:27 AM

$2,521

Bidder #31

2/5/2018 1:21:49 PM

$2,520

Bidder #12

2/5/2018 11:55:27 AM

$2,519

Bidder #31

2/5/2018 1:21:48 PM

$2,518

Bidder #12

2/5/2018 11:55:27 AM

$2,517

Bidder #31

2/5/2018 1:21:47 PM

$2,516

Bidder #12

2/5/2018 11:55:27 AM

$2,515

Bidder #31

2/5/2018 1:21:46 PM

$2,514

Bidder #12

2/5/2018 11:55:27 AM

$2,513

Bidder #31

2/5/2018 1:21:44 PM

$2,512

Bidder #12

2/5/2018 11:55:27 AM

$2,511

Bidder #31

2/5/2018 1:21:43 PM

$2,510

Bidder #12

2/5/2018 11:55:27 AM

$2,509

Bidder #31

2/5/2018 1:21:42 PM

$2,508

Bidder #12

2/5/2018 11:55:27 AM

$2,507

Bidder #31

2/5/2018 1:21:41 PM

$2,506

Bidder #12

2/5/2018 11:55:27 AM

$2,505

Bidder #31

2/5/2018 1:21:40 PM

$2,504

Bidder #12

2/5/2018 11:55:27 AM

$2,503

Bidder #31

2/5/2018 1:21:38 PM

$2,502

Bidder #12

2/5/2018 11:55:27 AM

$2,501

Bidder #31

2/5/2018 1:21:30 PM

$2,500

Bidder #12

2/5/2018 11:55:27 AM

$2,262

Bidder #31

2/5/2018 1:21:11 PM

$2,261

Bidder #12

2/5/2018 11:55:27 AM

$2,260

Bidder #31

2/5/2018 1:21:06 PM

$2,259

Bidder #12

2/5/2018 11:55:27 AM

$2,258

Bidder #31

2/5/2018 1:21:04 PM

$2,257

Bidder #12

2/5/2018 11:55:27 AM

$2,256

Bidder #31

2/5/2018 1:20:57 PM

$2,255

Bidder #12

2/5/2018 11:55:27 AM

$2,254

Bidder #31

2/5/2018 1:20:56 PM

$2,253

Bidder #12

2/5/2018 11:55:27 AM

$2,252

Bidder #31

2/5/2018 1:20:54 PM

$2,251

Bidder #12

2/5/2018 11:55:27 AM

$2,250

Bidder #31

2/5/2018 1:20:51 PM

$2,249

Bidder #12

2/5/2018 11:55:27 AM

$2,248

Bidder #31

2/5/2018 1:20:39 PM

$2,247

Bidder #12

2/5/2018 11:55:27 AM

$2,246

Bidder #33

2/5/2018 11:34:16 AM

$2,245

Bidder #19

2/5/2018 11:55:24 AM

$1,350

Bidder #33

2/5/2018 11:34:16 AM

$1,301

Bidder #19

2/5/2018 11:54:43 AM

$1,300

Bidder #33

2/5/2018 11:34:16 AM

$1,251

Bidder #19

2/5/2018 11:54:28 AM

$1,250

Bidder #33

2/5/2018 11:34:16 AM

$1,201

Bidder #19

2/5/2018 11:54:09 AM

$1,200

Bidder #33

2/5/2018 11:34:16 AM

$1,151

Bidder #19

2/5/2018 11:53:58 AM

$1,150

Bidder #33

2/5/2018 11:34:16 AM

$1,101

Bidder #19

2/5/2018 11:53:45 AM

$1,100

Bidder #33

2/5/2018 11:34:16 AM

$1,051

Bidder #19

2/5/2018 11:53:31 AM

$1,050

Bidder #33

2/5/2018 11:34:16 AM

$1,001

Bidder #19

2/5/2018 11:52:51 AM

$1,000

Bidder #33

2/5/2018 11:34:16 AM

$851

Bidder #19

2/5/2018 11:52:09 AM

$850

Bidder #33

2/5/2018 11:34:16 AM

$801

Bidder #19

2/5/2018 11:51:55 AM

$800

Bidder #33

2/5/2018 11:34:16 AM

$751

Bidder #19

2/5/2018 11:51:43 AM

$750

Bidder #33

2/5/2018 11:34:16 AM

$701

Bidder #19

2/5/2018 11:51:28 AM

$700

Bidder #33

2/5/2018 11:34:16 AM

$651

Bidder #19

2/5/2018 11:51:11 AM

$650

Bidder #33

2/5/2018 11:34:16 AM

$601

Bidder #19

2/5/2018 11:50:53 AM

$600

Bidder #33

2/5/2018 11:34:16 AM

$551

Bidder #19

2/5/2018 11:50:37 AM

$550

Bidder #33

2/5/2018 11:34:16 AM

$502

Bidder #22

1/31/2018 2:28:55 PM

$501

Bidder #32

2/5/2018 9:39:39 AM

$500

Bidder #22

1/31/2018 2:28:55 PM

$353

Bidder #3

2/5/2018 9:17:22 AM

$352

Bidder #22

1/31/2018 2:28:55 PM

$351

Bidder #19

2/2/2018 3:05:40 PM

$350

Bidder #22

1/31/2018 2:28:55 PM

$326

Bidder #19

2/2/2018 2:57:55 PM

$325

Bidder #22

1/31/2018 2:28:55 PM

$251

Bidder #19

2/2/2018 2:57:28 PM

$250

Bidder #22

1/31/2018 2:28:55 PM

$226

Bidder #19

2/2/2018 2:57:06 PM

$225

Bidder #22

1/31/2018 2:28:55 PM

$176

Bidder #19

2/2/2018 9:30:56 AM

$175

Bidder #22

1/31/2018 2:28:55 PM

$151

Bidder #19

2/2/2018 9:30:26 AM

$150

Bidder #22

1/31/2018 2:28:55 PM

$136

Bidder #19

2/2/2018 9:29:48 AM

$135

Bidder #22

1/31/2018 2:28:55 PM

$106

Bidder #32

2/1/2018 3:27:22 PM

$105

Bidder #22

1/31/2018 2:28:55 PM

$101

Bidder #32

2/1/2018 3:26:56 PM

$100

Bidder #22

1/30/2018 2:30:45 PM

$70

Bidder #12

1/30/2018 2:20:58 PM

$69

Bidder #22

1/30/2018 2:30:36 PM

$25

Bidder #12

1/30/2018 2:20:58 PM

$4

Bidder #22

1/30/2018 2:30:27 PM

$3

Bidder #12

1/30/2018 2:20:58 PM

$2