Server Time (CDT): Sep. 27, 11:34:39a

ND-2020-09-0128

Williams County, ND
BLM Montana Federal Lease Sale, September 22, 2020

SOLD

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

ND-2020-09-0128

Acres:

80.00

Time Remaining:

Auction has ended

Start Time:

9/22/2020 8:30 AM CDT / 7:30 AM MDT

End Time:

9/22/2020 9:30 AM CDT / 8:30 AM MDT

Your Bid:

-

Highest Bid:

$355/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Highest Bid:

$29,116
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NDM 111937
ND-2020-09-0128

County, State

Williams, ND

Legal Description

T. 159 N., R. 98 W., 5TH PM
Sec. 8 S1/2SE1/4

Acres

80.00

Rental (1st Year)

$120.00

Royalty

12.50%

Administrative Fee

$170.00

Expression of Interest

MT00016049

Comments

Split Estate
50.00% US Mineral Interest
ACQ

Lease Terms and Conditions

All bidding and lease sale on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.

A lease issued as a result of this sale will have a primary term of 10 years. It will continue beyond its primary term as long as oil or gas in paying quantities is produced on or for the benefit of the lease. Advance rental at $1.50 per acre for the first 5 years ($2 per acre after that) is due on or before the anniversary date each year until production begins. Once a lease is producing, you must pay a royalty of 12.5 percent of the value or the amount of production removed or sold from the lease. You will find other lease terms on our standard lease form (Form 3100-11, October 2008).

Lease Stipulations

Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations.

They are requirements or restrictions on how you conduct operations.

They become part of the lease and supersede any inconsistent provisions in the lease form. See Sale Notice for stipulation details.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • CR 16-1 Cultural Resources Lease Stipulation
  • NSO 11-33 Wetlands, Lakes, and Ponds For the following lands: T. 159 N., R. 98 W., 5TH PM, Sec. 8 SW1/4SE1/4;Standard 16-3 Standard Oil and Gas Lease Stipulations
  • TES 16-2 Endangered Species Act Section 7 Consultation, TL 13-15 Waterfowl Nesting Habitat
  • CSU 12-5 Riparian Areas of Wetlands, Streams, and Rivers For the following lands: T. 159 N., R. 98 W., 5TH PM, Sec. 8 SW1/4SE1/4
  • LN 14-12 Paleontological Resource Inventory Requirement
  • LN 14-18 Air Resource Analysis
  • LN 14-2 Cultural Resources
  • LN 14-20 Migratory Bird Treaty Act
  • LN 14-3 Paleontological Resources
  • LN 14-39 Raptors

Successful Bidder Notification

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

On the day of the sale, you must pay at least the minimum bonus bid of $2 per acre or fraction of an acre; the first year's advance rental of $1.50 per acre or fraction of an acre; and a non-refundable administrative fee of $170, to the BLM State Office by the close of business.

Buyer Premium

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.

BLM Montana Contact Information

EnergyNet Points of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #16

9/22/2020 9:29:54 AM

$355

Bidder #17

9/22/2020 9:30 AM

$354

Bidder #16

9/22/2020 9:29:54 AM

$353

Bidder #17

9/22/2020 9:29:58 AM

$352

Bidder #16

9/22/2020 9:29:54 AM

$351

Bidder #33

9/22/2020 9:26:48 AM

$350

Bidder #17

9/22/2020 9:29:53 AM

$229

Bidder #33

9/22/2020 9:26:48 AM

$228

Bidder #17

9/22/2020 9:29:48 AM

$227

Bidder #33

9/22/2020 9:26:48 AM

$226


View 62 earlier bids...