Server Time (CDT): May 5, 9:28:59a

OG1900896

McKenzie County, ND
North Dakota Oil and Gas Lease Sale, August 6 - 7, 2019

SOLD

Property Schedule

Due Diligence Began 6/27/2019
Bidding Started 7/31/2019
Bidding Ended 8/7/2019 1:31 PM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Tract:

OG1900896

Gross Acres:

159.77

Net Acres:

159.77

Time Remaining:

Auction has ended

Start Time:

7/31/2019 1:31 PM CDT

End Time:

8/7/2019 1:31 PM CDT

Your Bid:

-

Highest Bid:

$668/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$109,669.74
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Lease No.

OG1900896

County, State

McKenzie, ND

Legal Description

T153N, R102W
Sec. 28: MISSOURI RIVER IN NE4
Update: 07/16/2019
This tract is subject to Lis Pendens recorded in Doc. 517124, McKenzie County, North Dakota on July 8, 2019.

Gross Acres

159.77

Net Acres

159.77

Royalty Rate

3/16th

Lease Term

5 Years (Paid Up)

Rental/Acre (Per Year)

$1.00

Rental Due At Closing

$798.85

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 (https://www.land.nd.gov/sites/www/files/documents/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 August 6, 2019.
  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 10 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.

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.

North Dakota Department of Trust Lands Point of Contact

Land Professional
Allie Nagel, CPL

Email
allie.nagel@nd.gov

Office
(701) 328-1952

EnergyNet Points of Contact

VP, Government Resources
Gus Rivero

Email
Gus.Rivero@energynet.com

Office
(806) 463-3616


Managing Director, Government Resources
Brandon Savage

Email
Brandon.Savage@energynet.com

Office
(806) 463-3621


Transaction Manager
Heather Fugger

Email
Heather.Fugger@energynet.com

Office
(806) 463-3619


Junior Strategic Analyst
Anastasia Rademaekers

Email
Anastasia.Rademaekers@energynet.com

Office
(806) 463-3635

Bid History (All)

Bidder

Placed

Amount

Bidder #27

8/7/2019 1:29:59 PM

$668

Bidder #28

8/7/2019 1:30:47 PM

$667

Bidder #27

8/7/2019 1:29:59 PM

$556

Bidder #28

8/7/2019 1:21:38 PM

$555

Bidder #16

8/7/2019 1:23 PM

$510

Bidder #28

8/7/2019 1:21:38 PM

$507

Bidder #16

8/7/2019 1:21:23 PM

$506

Bidder #28

8/7/2019 1:21:12 PM

$444

Bidder #16

8/7/2019 1:18:58 PM

$334

Bidder #28

8/7/2019 1:20:59 PM

$333

Bidder #16

8/7/2019 1:18:58 PM

$216

Bidder #28

8/7/2019 1:20:52 PM

$215

Bidder #16

8/7/2019 1:18:58 PM

$214

Bidder #28

8/7/2019 1:20:51 PM

$213

Bidder #16

8/7/2019 1:18:58 PM

$212

Bidder #28

8/7/2019 1:20:49 PM

$211

Bidder #16

8/7/2019 1:18:58 PM

$210

Bidder #28

8/7/2019 1:20:48 PM

$209

Bidder #16

8/7/2019 1:18:58 PM

$208

Bidder #28

8/7/2019 1:20:45 PM

$207

Bidder #16

8/7/2019 12:58:20 PM

$206

Bidder #28

8/7/2019 1:16:12 PM

$205

Bidder #16

8/7/2019 12:58:20 PM

$204

Bidder #28

8/7/2019 1:16:08 PM

$203

Bidder #16

8/7/2019 12:58:20 PM

$202

Bidder #28

8/7/2019 1:16:06 PM

$201

Bidder #16

8/7/2019 12:58:20 PM

$200

Bidder #28

8/7/2019 1:16:03 PM

$199

Bidder #16

8/7/2019 12:58:20 PM

$198

Bidder #28

8/7/2019 1:16:02 PM

$197

Bidder #16

8/7/2019 12:58:20 PM

$196

Bidder #28

8/7/2019 1:16:01 PM

$195

Bidder #16

8/7/2019 12:58:20 PM

$194

Bidder #28

8/7/2019 1:16 PM

$193

Bidder #16

8/7/2019 12:58:20 PM

$192

Bidder #28

8/7/2019 1:15:58 PM

$191

Bidder #16

8/7/2019 12:58:20 PM

$190

Bidder #28

8/7/2019 1:15:57 PM

$189

Bidder #16

8/7/2019 12:58:20 PM

$188

Bidder #28

8/7/2019 1:15:55 PM

$187

Bidder #16

8/7/2019 12:58:20 PM

$186

Bidder #28

8/7/2019 1:15:41 PM

$185

Bidder #16

8/7/2019 12:58:20 PM

$184

Bidder #28

8/7/2019 1:15:40 PM

$183

Bidder #16

8/7/2019 12:58:20 PM

$182

Bidder #28

8/7/2019 1:15:38 PM

$181

Bidder #16

8/7/2019 12:58:20 PM

$180

Bidder #28

8/7/2019 1:15:36 PM

$179

Bidder #16

8/7/2019 12:58:20 PM

$178

Bidder #28

8/7/2019 1:15:33 PM

$177

Bidder #16

8/7/2019 12:58:20 PM

$176

Bidder #28

8/7/2019 1:15:32 PM

$175

Bidder #16

8/7/2019 12:58:20 PM

$174

Bidder #28

8/7/2019 1:15:31 PM

$173

Bidder #16

8/7/2019 12:58:20 PM

$172

Bidder #28

8/7/2019 1:15:29 PM

$171

Bidder #16

8/7/2019 12:58:20 PM

$170

Bidder #28

8/7/2019 1:12:59 PM

$169

Bidder #16

8/7/2019 12:58:20 PM

$168

Bidder #28

8/7/2019 1:12:58 PM

$167

Bidder #16

8/7/2019 12:58:20 PM

$166

Bidder #28

8/7/2019 1:12:56 PM

$165

Bidder #16

8/7/2019 12:58:20 PM

$164

Bidder #28

8/7/2019 1:12:55 PM

$163

Bidder #16

8/7/2019 12:58:20 PM

$162

Bidder #28

8/7/2019 1:12:54 PM

$161

Bidder #16

8/7/2019 12:58:20 PM

$160

Bidder #28

8/7/2019 1:12:52 PM

$159

Bidder #16

8/7/2019 12:58:20 PM

$158

Bidder #28

8/7/2019 1:12:51 PM

$157

Bidder #16

8/7/2019 12:58:20 PM

$156

Bidder #28

8/7/2019 1:12:49 PM

$155

Bidder #16

8/7/2019 12:58:20 PM

$154

Bidder #28

8/7/2019 1:12:48 PM

$153

Bidder #16

8/7/2019 12:58:20 PM

$152

Bidder #28

8/7/2019 1:12:47 PM

$151

Bidder #16

8/7/2019 12:58:20 PM

$150

Bidder #28

8/7/2019 1:12:46 PM

$149

Bidder #16

8/7/2019 12:58:20 PM

$148

Bidder #28

8/7/2019 1:12:44 PM

$147

Bidder #16

8/7/2019 12:58:20 PM

$146

Bidder #28

8/7/2019 1:12:43 PM

$145

Bidder #16

8/7/2019 12:58:20 PM

$144

Bidder #28

8/7/2019 1:12:41 PM

$143

Bidder #16

8/7/2019 12:58:20 PM

$142

Bidder #28

8/7/2019 1:12:39 PM

$141

Bidder #16

8/7/2019 12:58:20 PM

$140

Bidder #28

8/7/2019 1:12:38 PM

$139

Bidder #16

8/7/2019 12:58:20 PM

$138

Bidder #28

8/7/2019 1:12:37 PM

$137

Bidder #16

8/7/2019 12:58:20 PM

$136

Bidder #28

8/7/2019 1:12:34 PM

$135

Bidder #16

8/7/2019 12:58:20 PM

$134

Bidder #28

8/7/2019 1:12:32 PM

$133

Bidder #16

8/7/2019 12:58:20 PM

$132

Bidder #28

8/7/2019 1:12:30 PM

$131

Bidder #16

8/7/2019 12:58:20 PM

$130

Bidder #28

8/7/2019 1:12:28 PM

$129

Bidder #16

8/7/2019 12:58:20 PM

$128

Bidder #28

8/7/2019 1:12:27 PM

$127

Bidder #16

8/7/2019 12:58:20 PM

$126

Bidder #28

8/7/2019 1:12:24 PM

$125

Bidder #16

8/7/2019 12:58:20 PM

$124

Bidder #28

8/7/2019 1:12:16 PM

$123

Bidder #16

8/7/2019 12:58:20 PM

$122

Bidder #28

8/7/2019 1:12:14 PM

$121

Bidder #16

8/7/2019 12:58:20 PM

$120

Bidder #28

8/7/2019 1:12:12 PM

$119

Bidder #16

8/7/2019 12:58:20 PM

$118

Bidder #28

8/7/2019 1:12:09 PM

$117

Bidder #16

8/7/2019 12:58:20 PM

$116

Bidder #28

8/7/2019 1:12:06 PM

$115

Bidder #16

8/7/2019 12:58:20 PM

$114

Bidder #28

8/7/2019 1:12:04 PM

$113

Bidder #16

8/7/2019 12:58:20 PM

$112

Bidder #28

8/7/2019 1:12:01 PM

$111

Bidder #16

8/7/2019 12:58:20 PM

$110

Bidder #28

8/7/2019 1:11:58 PM

$109

Bidder #16

8/7/2019 12:58:20 PM

$108

Bidder #28

8/7/2019 1:11:54 PM

$107

Bidder #16

8/7/2019 12:57:29 PM

$106

Bidder #28

8/7/2019 11:33:09 AM

$105

Bidder #44

8/7/2019 10:56:46 AM

$65

Bidder #27

8/7/2019 10:05:14 AM

$25

Bidder #33

8/4/2019 3:45:09 AM

$4