Server Time (CDT): Apr. 29, 11:13:52a

OG1800286

Dunn County, ND
North Dakota Oil and Gas Lease Sale, November 6, 2018

SOLD

Property Schedule

Due Diligence Began 9/19/2018
Bidding Started 10/30/2018
Bidding Ended 11/6/2018 12:06 PM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Tract:

OG1800286

Gross Acres:

109.68

Net Acres:

109.68

Time Remaining:

Auction has ended

Start Time:

10/30/2018 1:06 PM CDT

End Time:

11/6/2018 12:06 PM CST

Your Bid:

-

Highest Bid:

$2,206/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$247,351.56
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

T150N, R93W
Sec. 27: MISSOURI RIVER IN NW4

Tract Details

Lease No.

OG1800286

County, State

Dunn, ND

Legal Description

T150N, R93W
Sec. 27: MISSOURI RIVER IN NW4

Gross Acres

109.68

Net Acres

109.68

Royalty Rate

3/16th

Lease Term

5 Years (Paid Up)

Rental/Acre (Per Year)

$1.00

Rental Due At Closing

$548.40

ND Administrative Fee

$10.00

Buyer Premium

2.00%

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 November 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.

Provision

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.

Offset Activity

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 plus rental, will be added to the cost of this lease.

North Dakota Department of Trust Lands Point of Contact

Admin Officer
Susie Entzel

Email
sentzel@nd.gov

Office
(701) 328-1948

EnergyNet Points of Contact

VP of Government Lease Sales
Gus Rivero

Email
Gus.Rivero@energynet.com

Office
(806) 463-3616

Manager of Government Lease Sales
Brandon Savage

Email
Brandon.Savage@energynet.com

Office
(806) 463-3621

Government Lease Sales Analyst
Heather Fugger

Email
Heather.Fugger@energynet.com

Office
(806) 463-3619

Bid History (All)

Bidder

Placed

Amount

Bidder #6

11/5/2018 4:13:28 PM

$2,206

Bidder #44

11/6/2018 12:05:41 PM

$2,205

Bidder #6

11/5/2018 4:13:28 PM

$512

Bidder #7

11/6/2018 12:04:52 PM

$511

Bidder #6

11/5/2018 4:13:28 PM

$451

Bidder #14

11/6/2018 10:38:09 AM

$450

Bidder #6

11/5/2018 4:13:28 PM

$351

Bidder #14

11/6/2018 10:37:50 AM

$350

Bidder #6

11/5/2018 4:13:28 PM

$349

Bidder #14

11/6/2018 10:37:49 AM

$348

Bidder #6

11/5/2018 4:13:28 PM

$347

Bidder #14

11/6/2018 10:37:48 AM

$346

Bidder #6

11/5/2018 4:13:28 PM

$345

Bidder #14

11/6/2018 10:37:47 AM

$344

Bidder #6

11/5/2018 4:13:28 PM

$343

Bidder #14

11/6/2018 10:37:46 AM

$342

Bidder #6

11/5/2018 4:13:28 PM

$341

Bidder #14

11/6/2018 10:37:45 AM

$340

Bidder #6

11/5/2018 4:13:28 PM

$339

Bidder #14

11/6/2018 10:37:43 AM

$338

Bidder #6

11/5/2018 4:13:28 PM

$337

Bidder #14

11/6/2018 10:37:42 AM

$336

Bidder #6

11/5/2018 4:13:28 PM

$335

Bidder #14

11/6/2018 10:37:41 AM

$334

Bidder #6

11/5/2018 4:13:28 PM

$333

Bidder #14

11/6/2018 10:37:40 AM

$332

Bidder #6

11/5/2018 4:13:28 PM

$331

Bidder #14

11/6/2018 10:37:36 AM

$330

Bidder #6

11/5/2018 4:13:28 PM

$329

Bidder #14

11/6/2018 10:37:34 AM

$328

Bidder #6

11/5/2018 4:13:28 PM

$327

Bidder #14

11/6/2018 10:37:33 AM

$326

Bidder #6

11/5/2018 4:13:28 PM

$325

Bidder #14

11/6/2018 10:37:32 AM

$324

Bidder #6

11/5/2018 4:13:28 PM

$323

Bidder #14

11/6/2018 10:37:31 AM

$322

Bidder #6

11/5/2018 4:13:28 PM

$321

Bidder #14

11/6/2018 10:37:30 AM

$320

Bidder #6

11/5/2018 4:13:28 PM

$319

Bidder #14

11/6/2018 10:37:29 AM

$318

Bidder #6

11/5/2018 4:13:28 PM

$317

Bidder #14

11/6/2018 10:37:28 AM

$316

Bidder #6

11/5/2018 4:13:28 PM

$315

Bidder #14

11/6/2018 10:37:26 AM

$314

Bidder #6

11/5/2018 4:13:28 PM

$313

Bidder #14

11/6/2018 10:37:25 AM

$312

Bidder #6

11/5/2018 4:13:28 PM

$311

Bidder #14

11/6/2018 10:37:24 AM

$310

Bidder #6

11/5/2018 4:13:28 PM

$309

Bidder #14

11/6/2018 10:37:23 AM

$308

Bidder #6

11/5/2018 4:13:28 PM

$307

Bidder #14

11/6/2018 10:37:22 AM

$306

Bidder #6

11/5/2018 4:13:28 PM

$305

Bidder #14

11/6/2018 10:37:21 AM

$304

Bidder #6

11/5/2018 4:13:28 PM

$303

Bidder #14

11/6/2018 10:37:19 AM

$302

Bidder #6

11/5/2018 4:13:28 PM

$301

Bidder #14

11/6/2018 10:37:18 AM

$300

Bidder #6

11/5/2018 4:13:28 PM

$299

Bidder #14

11/6/2018 10:37:17 AM

$298

Bidder #6

11/5/2018 4:13:28 PM

$297

Bidder #14

11/6/2018 10:37:15 AM

$296

Bidder #6

11/5/2018 4:13:28 PM

$295

Bidder #14

11/6/2018 10:37:13 AM

$294

Bidder #6

11/5/2018 4:13:28 PM

$293

Bidder #14

11/6/2018 10:37:11 AM

$292

Bidder #6

11/5/2018 4:13:28 PM

$291

Bidder #14

11/6/2018 10:37:05 AM

$290

Bidder #6

11/5/2018 4:13:28 PM

$251

Bidder #14

11/6/2018 10:36:40 AM

$250

Bidder #6

11/5/2018 4:13:28 PM

$219

Bidder #14

11/6/2018 10:36:36 AM

$218

Bidder #6

11/5/2018 4:13:28 PM

$217

Bidder #14

11/6/2018 10:36:34 AM

$216

Bidder #6

11/5/2018 4:13:28 PM

$215

Bidder #14

11/6/2018 10:36:30 AM

$214

Bidder #6

11/5/2018 4:13:28 PM

$213

Bidder #14

11/6/2018 10:36:29 AM

$212

Bidder #6

11/5/2018 4:13:28 PM

$211

Bidder #14

11/6/2018 10:36:28 AM

$210

Bidder #6

11/5/2018 4:13:28 PM

$209

Bidder #14

11/6/2018 10:36:26 AM

$208

Bidder #6

11/5/2018 4:13:28 PM

$207

Bidder #14

11/6/2018 10:36:24 AM

$206

Bidder #6

11/5/2018 4:13:28 PM

$205

Bidder #14

11/6/2018 10:36:07 AM

$204

Bidder #6

11/5/2018 4:13:28 PM

$203

Bidder #14

11/6/2018 10:36:05 AM

$202

Bidder #6

11/5/2018 4:13:28 PM

$155

Bidder #14

11/6/2018 10:35:59 AM

$154

Bidder #6

11/5/2018 4:13:28 PM

$153

Bidder #14

11/6/2018 10:35:57 AM

$152

Bidder #6

11/5/2018 4:13:28 PM

$151

Bidder #14

11/6/2018 10:35:54 AM

$150

Bidder #6

11/5/2018 4:13:28 PM

$101

Bidder #14

11/6/2018 10:35:32 AM

$100

Bidder #6

11/5/2018 4:13:28 PM

$36

Bidder #14

11/6/2018 10:34:58 AM

$35

Bidder #6

11/5/2018 4:13:28 PM

$34

Bidder #14

11/6/2018 10:34:48 AM

$33

Bidder #6

11/5/2018 4:13:28 PM

$32

Bidder #14

11/6/2018 10:34:40 AM

$31

Bidder #6

11/5/2018 4:13:28 PM

$30

Bidder #14

11/6/2018 10:34:38 AM

$29

Bidder #6

11/5/2018 4:13:28 PM

$28

Bidder #14

11/6/2018 10:34:37 AM

$27

Bidder #6

11/5/2018 4:13:28 PM

$26

Bidder #14

11/6/2018 10:34:33 AM

$25

Bidder #6

11/5/2018 4:13:28 PM

$24

Bidder #14

11/6/2018 10:34:26 AM

$23

Bidder #6

11/5/2018 4:13:28 PM

$22

Bidder #32

11/5/2018 4:39:41 PM

$21

Bidder #6

11/5/2018 4:12:44 PM

$2