SOLD
Registration Status:
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Your Bid Status:
You have not bid on this lot
Tract:
OG1900016
Gross Acres:
77.24
Net Acres:
77.24
Time Remaining:
Auction has ended
Start Time:
1/29/2019 9:30 AM CST
End Time:
2/5/2019 9:30 AM CST
Your Bid:
-
Highest Bid:
$316/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$25,292.20
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T150N, R91W
Sec. 24: MISSOURI RIVER IN SW4
Tract Details
Lease No.
OG1900016
County, State
McLean, ND
Legal Description
T150N, R91W
Sec. 24: MISSOURI RIVER IN SW4
Gross Acres
77.24
Net Acres
77.24
Royalty Rate
1/6th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$386.20
ND Administrative Fee
$10.00
Buyer Premium
2.00%
Important Notices Pertaining to North Dakota Department of Trust Land Lease Auctions
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.
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.
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
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 #33
2/5/2019 9:30 AM
$316
Bidder #26
2/5/2019 9:29:08 AM
$315
Bidder #29
1/31/2019 10:40:33 AM
$247
Bidder #26
2/2/2019 1:05:55 PM
$200
Bidder #29
1/31/2019 10:40:33 AM
$151
Bidder #26
2/2/2019 1:05:43 PM
$150
Bidder #29
1/31/2019 10:40:33 AM
$101
Bidder #26
2/2/2019 1:05:34 PM
$100
Bidder #29
1/31/2019 10:40:33 AM
$52
Bidder #4
1/31/2019 10:19:10 AM
$51
Bidder #26
1/29/2019 6:34:34 PM
$45
Bidder #14
1/30/2019 9:27:13 AM
$32
Bidder #26
1/29/2019 6:34:34 PM
$28
Bidder #4
1/29/2019 9:54:11 AM
$27
Bidder #9
1/29/2019 10:58:49 AM
$4
Bidder #4
1/29/2019 9:54:11 AM
$2