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-2020-09-0107
Acres:
40.00
Time Remaining:
Auction has ended
Start Time:
9/22/2020 8:14 AM MDT / 9:14 AM CDT
End Time:
9/22/2020 9:14 AM MDT / 10:14 AM CDT
Your Bid:
-
Highest Bid:
$221/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$9,202.60
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Legal Description:
T. 150 N., R. 103 W., 5TH PM
Sec. 6 NE1/4SE1/4
Parcel Details
Parcel
NDM 111959
ND-2020-09-0107
County, State
McKenzie, ND
Legal Description
T. 150 N., R. 103 W., 5TH PM
Sec. 6 NE1/4SE1/4
Acres
40.00
Rental (1st Year)
$60.00
Royalty
12.50%
Administrative Fee
$170.00
Expression of Interest
MT00016103
Comments
Split Estate
PD
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:
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
Bid History (All)
Bidder
Placed
Amount
Bidder #16
9/22/2020 10:13:56 AM
$221
Bidder #8
9/22/2020 10:13:55 AM
$220
Bidder #17
9/22/2020 10:13:48 AM
$202
Bidder #10
9/22/2020 10:13:27 AM
$201
Bidder #17
9/22/2020 10:13:34 AM
$188
Bidder #10
9/22/2020 10:13:27 AM
$187
Bidder #8
9/22/2020 10:13:25 AM
$186
Bidder #33
9/22/2020 10:13:06 AM
$180
Bidder #10
9/22/2020 10:13:15 AM
$175
Bidder #33
9/22/2020 10:13:06 AM
$151
Bidder #10
9/22/2020 10:12:43 AM
$150
Bidder #31
9/22/2020 10:13:06 AM
$139
Bidder #10
9/22/2020 10:12:43 AM
$138
Bidder #31
9/22/2020 10:13:05 AM
$137
Bidder #10
9/22/2020 10:12:43 AM
$136
Bidder #31
9/22/2020 10:13:02 AM
$135
Bidder #10
9/22/2020 10:12:43 AM
$126
Bidder #31
9/22/2020 10:11:07 AM
$125
Bidder #10
9/22/2020 10:06:13 AM
$122
Bidder #8
9/22/2020 10:05:50 AM
$121
Bidder #10
9/22/2020 10:05:23 AM
$120
Bidder #8
9/22/2020 9:40:25 AM
$101
Bidder #10
9/22/2020 10:05:07 AM
$95
Bidder #8
9/22/2020 9:40:25 AM
$81
Bidder #10
9/22/2020 10:04:45 AM
$80
Bidder #8
9/22/2020 9:40:25 AM
$61
Bidder #10
9/22/2020 10:04:14 AM
$60
Bidder #8
9/22/2020 9:40:25 AM
$52
Bidder #10
9/22/2020 10:03:58 AM
$51
Bidder #8
9/22/2020 9:40:25 AM
$31
Bidder #10
9/22/2020 10:03:38 AM
$30
Bidder #8
9/22/2020 9:40:25 AM
$29
Bidder #10
9/22/2020 10:03:33 AM
$28
Bidder #8
9/22/2020 9:40:25 AM
$27
Bidder #10
9/22/2020 10:03:29 AM
$26
Bidder #8
9/22/2020 9:40:25 AM
$25
Bidder #10
9/22/2020 10:03:23 AM
$24
Bidder #8
9/22/2020 9:40:25 AM
$23
Bidder #10
9/22/2020 10:03:17 AM
$22
Bidder #8
9/22/2020 9:40:25 AM
$21
Bidder #10
9/22/2020 9:30:43 AM
$20
Bidder #13
9/22/2020 9:15 AM
$12
Bidder #10
9/22/2020 9:30:31 AM
$3
Bidder #13
9/22/2020 9:14:50 AM
$2