SOLD
Registration Status:
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Your Bid Status:
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Tract:
OG1901016
Gross Acres:
160.00
Net Acres:
160.00
Time Remaining:
Auction has ended
Start Time:
10/29/2019 11:28 AM CDT
End Time:
11/5/2019 10:28 AM CST
Your Bid:
-
Highest Bid:
$26/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$5,053.20
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T144N, R101W
Sec. 36: SE4
Tract Details
Lease No.
OG1901016
County, State
Billings, ND
Legal Description
T144N, R101W
Sec. 36: SE4
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%
Important Notices Pertaining to North Dakota Department of Trust Land Lease Auctions
Provision
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.
S: This tract is within an area identified as essential wildlife habitat. The lessee or lessee's operator must contact the Commissioner prior to any surface activity. Operational mitigation measures to reduce impact, including timing restrictions, location adjustments and reduced or restricted surface occupancy may be required.
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
EnergyNet Points of Contact
Government Resources
Email
government@energynet.com
Office
(866) 364-4688
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #20
11/5/2019 10:27:55 AM
$26
Bidder #23
11/5/2019 10:27:55 AM
$25
Bidder #20
11/5/2019 10:27:55 AM
$22
Bidder #26
11/4/2019 5:48:19 PM
$21