SOLD
Registration Status:
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Your Bid Status:
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Tract:
OG1800141
Gross Acres:
160.00
Net Acres:
160.00
Time Remaining:
Auction has ended
Start Time:
4/24/2018 11:56 AM CDT
End Time:
5/1/2018 11:56 AM CDT
Your Bid:
-
Highest Bid:
$86/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$14,845.20
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T146N, R101W
Sec. 16: NE4
Tract Details
Lease No.
OG1800141
County, State
McKenzie, ND
Legal Description
T146N, R101W
Sec. 16: NE4
Gross Acres
160.00
Net Acres
160.00
Royalty Rate
3/16th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$800.00
ND Administrative Fee
$10.00
Buyer Premium
2.00%
Additional Information
PROVISIONS
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.
A: Indicates leases shall contain a stipulation indicating an archaeological 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
OFFSET ACTIVITY
Completions from the last 365 days in McKenzie County, North Dakota
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Drilling Permits from the last 365 days in McKenzie County, North Dakota
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Drilling Rigs on location in McKenzie 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
Allie Bement
Land Professional
(701) 328-1952
Email: abement@nd.gov
EnergyNet
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
Heather Fugger
Government Lease Sales Analyst
(806) 463-3619
Email: Heather.Fugger@energynet.com
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #19
5/1/2018 9:08:24 AM
$86
Bidder #20
5/1/2018 11:56 AM
$85
Bidder #19
5/1/2018 9:08:24 AM
$84
Bidder #13
5/1/2018 11:55:38 AM
$83
Bidder #19
5/1/2018 9:08:24 AM
$52
Bidder #29
5/1/2018 7:51:20 AM
$51
Bidder #19
4/27/2018 9:03:33 AM
$50
Bidder #16
4/30/2018 6:54:09 AM
$3
Bidder #19
4/27/2018 9:03:33 AM
$2