Server Time (CDT): May 5, 7:15:11p

OG1900900

Mountrail 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 1:35 PM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Tract:

OG1900900

Gross Acres:

160.00

Net Acres:

80.00

Time Remaining:

Auction has ended

Start Time:

7/31/2019 1:35 PM CDT

End Time:

8/7/2019 1:35 PM CDT

Your Bid:

-

Highest Bid:

$1,541/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$126,155.60
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

Tract Details

Lease No.

OG1900900

County, State

Mountrail, ND

Legal Description

T156N, R92W
Sec. 24: SW4

Gross Acres

160.00

Net Acres

80.00

Royalty Rate

3/16th

Lease Term

5 Years (Paid Up)

Rental/Acre (Per Year)

$1.00

Rental Due At Closing

$400.00

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.

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 #28

8/7/2019 1:34:56 PM

$1,541

Bidder #51

8/7/2019 1:34:09 PM

$1,540

Bidder #46

8/7/2019 1:34:29 PM

$1,500

Bidder #51

8/7/2019 1:33:05 PM

$1,253

Bidder #35

8/7/2019 1:32:56 PM

$1,252

Bidder #51

8/7/2019 1:29:54 PM

$1,107

Bidder #35

8/7/2019 1:32:36 PM

$752

Bidder #51

8/7/2019 1:29:54 PM

$751

Bidder #28

8/7/2019 1:07:19 PM

$750

Bidder #51

8/7/2019 1:25:18 PM

$601

Bidder #28

8/7/2019 1:07:19 PM

$541

Bidder #51

8/7/2019 1:24:18 PM

$540

Bidder #28

8/7/2019 1:07:19 PM

$531

Bidder #51

8/7/2019 12:50:13 PM

$530

Bidder #28

8/7/2019 1:06:35 PM

$384

Bidder #51

8/7/2019 12:50:13 PM

$383

Bidder #28

8/7/2019 1:06:32 PM

$382

Bidder #51

8/7/2019 12:50:13 PM

$381

Bidder #28

8/7/2019 1:06:30 PM

$380

Bidder #51

8/7/2019 12:50:13 PM

$379

Bidder #28

8/7/2019 1:06:27 PM

$378

Bidder #51

8/7/2019 12:50:13 PM

$377

Bidder #28

8/7/2019 1:06:24 PM

$376

Bidder #51

8/7/2019 12:50:13 PM

$375

Bidder #28

8/7/2019 1:06:21 PM

$374

Bidder #51

8/7/2019 12:50:13 PM

$373

Bidder #28

8/7/2019 1:06:16 PM

$372

Bidder #51

8/7/2019 12:50:13 PM

$371

Bidder #28

8/7/2019 11:36:51 AM

$370

Bidder #10

8/7/2019 10:13:20 AM

$369

Bidder #28

8/7/2019 11:36:49 AM

$368

Bidder #10

8/7/2019 10:13:20 AM

$367

Bidder #28

8/7/2019 11:36:48 AM

$366

Bidder #10

8/7/2019 10:13:20 AM

$365

Bidder #28

8/7/2019 11:36:47 AM

$364

Bidder #10

8/7/2019 10:13:20 AM

$363

Bidder #28

8/7/2019 11:36:44 AM

$362

Bidder #10

8/7/2019 10:13:20 AM

$361

Bidder #28

8/7/2019 11:36:42 AM

$360

Bidder #10

8/7/2019 10:13:20 AM

$359

Bidder #28

8/7/2019 11:36:40 AM

$358

Bidder #10

8/7/2019 10:13:20 AM

$357

Bidder #28

8/7/2019 11:36:36 AM

$356

Bidder #10

8/7/2019 10:13:20 AM

$355

Bidder #28

8/7/2019 11:36:33 AM

$354

Bidder #10

8/7/2019 10:13:20 AM

$353

Bidder #28

8/7/2019 11:36:29 AM

$352

Bidder #10

8/7/2019 10:13:20 AM

$351

Bidder #44

8/7/2019 10:53:44 AM

$350

Bidder #10

8/7/2019 10:13:20 AM

$203

Bidder #32

8/7/2019 7:41:22 AM

$202

Bidder #10

8/6/2019 12:10:18 AM

$169

Bidder #32

8/6/2019 11:57:25 PM

$100

Bidder #10

8/6/2019 12:10:18 AM

$26

Bidder #32

8/6/2019 11:55:11 PM

$25

Bidder #10

8/6/2019 12:10:18 AM

$24

Bidder #32

8/6/2019 11:55:02 PM

$23

Bidder #10

8/1/2019 11:10:05 AM

$22

Bidder #33

8/4/2019 3:54:29 AM

$21

Bidder #10

8/1/2019 11:10:05 AM

$18

Bidder #33

8/4/2019 3:36:43 AM

$17

Bidder #10

8/1/2019 11:10:05 AM

$16

Bidder #33

8/4/2019 3:35:33 AM

$15

Bidder #10

8/1/2019 11:10:05 AM

$13

Bidder #33

8/4/2019 3:34:19 AM

$12

Bidder #10

8/1/2019 11:10:05 AM

$10

Bidder #33

8/4/2019 3:33:46 AM

$9

Bidder #10

8/1/2019 11:10:05 AM

$8

Bidder #5

7/31/2019 1:52:20 PM

$7