Server Time (CDT): Apr. 23, 10:34:48p

OG2100008

Burke County, ND
North Dakota Oil and Gas Lease Sale, May 4, 2021

SOLD

Property Schedule

Due Diligence Began 3/22/2021
Bidding Started 4/27/2021
Bidding Ended 5/4/2021 9:02 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Tract:

OG2100008

Gross Acres:

40.00

Net Acres:

20.00

Time Remaining:

Auction has ended

Start Time:

4/27/2021 8:02 AM MDT / 9:02 AM CDT

End Time:

5/4/2021 8:02 AM MDT / 9:02 AM CDT

Your Bid:

-

Highest Bid:

$351/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$7,340.60
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)

Legal Description:

T159N, R93W
Sec. 15: NE4NE4

Tract Details

Lease No.

OG2100008

County, State

Burke, ND

Legal Description

T159N, R93W
Sec. 15: NE4NE4

Gross Acres

40.00

Net Acres

20.00

Royalty Rate

1/6th

Lease Term

5 Years (Paid Up)

Rental/Acre (Per Year)

$1.00

Rental Due At Closing

$100.00

ND Administrative Fee

$10.00

Buyer Premium

3.00%

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 (http://land.nd.gov/Docs/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 May 4, 2021.
  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.

Offset Activity

Seller Acquisition Agreement(s)

The North Dakota Department of Trust Lands Forms and Policies may be found at www.land.nd.gov/surface-minerals-management/mineral-auctions/forms-and-policies.

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 3% Buyer Premium, calculated as 3% of the total bonus, will be added to the cost of this lease.

North Dakota Department of Trust Lands Point of Contact

Trust Lands Minerals Department

Email
dtlminerals@nd.gov

Office
(701) 328-2800

EnergyNet Points of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Bid History (All)

Bidder

Placed

Amount

Bidder #794

5/4/2021 9:02 AM

$351

Bidder #193

5/4/2021 9:01:54 AM

$350

Bidder #871

5/4/2021 9:01:44 AM

$333

Bidder #794

4/29/2021 6:30:29 PM

$286

Bidder #180

5/4/2021 9:01:27 AM

$251

Bidder #794

4/29/2021 6:30:29 PM

$151

Bidder #180

5/4/2021 9:01:19 AM

$150

Bidder #794

4/29/2021 6:30:29 PM

$149

Bidder #871

5/4/2021 8:52:27 AM

$148

Bidder #794

4/29/2021 6:30:29 PM

$147

Bidder #871

5/4/2021 8:52:26 AM

$146

Bidder #794

4/29/2021 6:30:29 PM

$145

Bidder #871

5/4/2021 8:52:24 AM

$144

Bidder #794

4/29/2021 6:30:29 PM

$143

Bidder #871

5/4/2021 8:52:23 AM

$142

Bidder #794

4/29/2021 6:30:29 PM

$141

Bidder #871

5/4/2021 8:52:21 AM

$140

Bidder #794

4/29/2021 6:30:29 PM

$139

Bidder #871

5/4/2021 8:52:20 AM

$138

Bidder #794

4/29/2021 6:30:29 PM

$137

Bidder #871

5/4/2021 8:52:18 AM

$136

Bidder #794

4/29/2021 6:30:29 PM

$135

Bidder #871

5/4/2021 8:52:17 AM

$134

Bidder #794

4/29/2021 6:30:29 PM

$133

Bidder #871

5/4/2021 8:52:15 AM

$132

Bidder #794

4/29/2021 6:30:29 PM

$131

Bidder #871

5/4/2021 8:52:14 AM

$130

Bidder #794

4/29/2021 6:30:29 PM

$129

Bidder #871

5/4/2021 8:52:13 AM

$128

Bidder #794

4/29/2021 6:30:29 PM

$127

Bidder #871

5/4/2021 8:52:11 AM

$126

Bidder #794

4/29/2021 6:30:29 PM

$125

Bidder #871

5/4/2021 8:52:10 AM

$124

Bidder #794

4/29/2021 6:30:29 PM

$123

Bidder #871

5/4/2021 8:52:08 AM

$122

Bidder #794

4/29/2021 6:30:29 PM

$121

Bidder #871

5/4/2021 8:52:07 AM

$120

Bidder #794

4/29/2021 6:30:29 PM

$119

Bidder #871

5/4/2021 8:52:05 AM

$118

Bidder #794

4/29/2021 6:30:29 PM

$117

Bidder #871

5/4/2021 8:52:04 AM

$116

Bidder #794

4/29/2021 6:30:29 PM

$115

Bidder #871

5/4/2021 8:52:02 AM

$114

Bidder #794

4/29/2021 6:30:29 PM

$113

Bidder #871

5/4/2021 8:52:01 AM

$112

Bidder #794

4/29/2021 6:30:29 PM

$111

Bidder #871

5/4/2021 8:51:59 AM

$110

Bidder #794

4/29/2021 6:30:29 PM

$109

Bidder #871

5/4/2021 8:51:58 AM

$108

Bidder #794

4/29/2021 6:30:29 PM

$107

Bidder #871

5/4/2021 8:51:56 AM

$106

Bidder #794

4/29/2021 6:30:29 PM

$105

Bidder #871

5/4/2021 8:51:55 AM

$104

Bidder #794

4/29/2021 6:30:29 PM

$103

Bidder #871

5/4/2021 8:51:53 AM

$102

Bidder #794

4/29/2021 6:30:29 PM

$101

Bidder #871

5/4/2021 8:51:50 AM

$100

Bidder #794

4/29/2021 6:30:29 PM

$99

Bidder #871

5/4/2021 8:51:48 AM

$98

Bidder #794

4/29/2021 6:30:29 PM

$97

Bidder #871

5/4/2021 8:51:47 AM

$96

Bidder #794

4/29/2021 6:30:29 PM

$95

Bidder #871

5/4/2021 8:51:45 AM

$94

Bidder #794

4/29/2021 6:30:29 PM

$93

Bidder #871

5/4/2021 8:51:43 AM

$92

Bidder #794

4/29/2021 6:30:29 PM

$91

Bidder #871

5/4/2021 8:51:41 AM

$90

Bidder #794

4/29/2021 6:30:29 PM

$89

Bidder #871

5/4/2021 8:51:39 AM

$88

Bidder #794

4/29/2021 6:30:29 PM

$87

Bidder #871

5/4/2021 8:51:37 AM

$86

Bidder #794

4/29/2021 6:30:29 PM

$85

Bidder #871

5/4/2021 8:51:36 AM

$84

Bidder #794

4/29/2021 6:30:29 PM

$83

Bidder #871

5/4/2021 8:51:29 AM

$82

Bidder #794

4/29/2021 6:30:29 PM

$81

Bidder #871

5/4/2021 8:51:27 AM

$80

Bidder #794

4/29/2021 6:30:29 PM

$79

Bidder #871

5/4/2021 8:51:26 AM

$78

Bidder #794

4/29/2021 6:30:29 PM

$77

Bidder #871

5/4/2021 8:51:24 AM

$76

Bidder #794

4/29/2021 6:30:29 PM

$75

Bidder #871

5/4/2021 8:51:22 AM

$74

Bidder #794

4/29/2021 6:30:29 PM

$73

Bidder #871

5/4/2021 8:51:19 AM

$72

Bidder #794

4/29/2021 6:30:29 PM

$71

Bidder #871

5/4/2021 8:51:11 AM

$70

Bidder #794

4/29/2021 6:30:29 PM

$69

Bidder #871

5/4/2021 8:51:09 AM

$68

Bidder #794

4/29/2021 6:30:29 PM

$67

Bidder #871

5/4/2021 8:51:07 AM

$66

Bidder #794

4/29/2021 6:30:29 PM

$65

Bidder #871

5/4/2021 8:51:05 AM

$64

Bidder #794

4/29/2021 6:30:29 PM

$63

Bidder #871

5/4/2021 8:51:03 AM

$62

Bidder #794

4/29/2021 6:30:29 PM

$61

Bidder #871

5/4/2021 8:31:11 AM

$60

Bidder #794

4/29/2021 6:30:29 PM

$59

Bidder #871

5/4/2021 8:31:09 AM

$58

Bidder #794

4/29/2021 6:30:29 PM

$57

Bidder #871

5/4/2021 8:31:05 AM

$56

Bidder #794

4/29/2021 6:30:29 PM

$55

Bidder #871

5/4/2021 8:31:01 AM

$54

Bidder #794

4/29/2021 6:30:29 PM

$53

Bidder #399

5/3/2021 10:53:30 AM

$52

Bidder #794

4/29/2021 6:30:29 PM

$51

Bidder #399

5/3/2021 10:53:26 AM

$50

Bidder #794

4/29/2021 6:30:29 PM

$49

Bidder #399

5/3/2021 10:53:22 AM

$48

Bidder #794

4/29/2021 6:30:29 PM

$47

Bidder #399

5/3/2021 10:53:18 AM

$46

Bidder #794

4/29/2021 6:30:29 PM

$45

Bidder #399

5/3/2021 10:53:14 AM

$44

Bidder #794

4/29/2021 6:30:29 PM

$43

Bidder #399

5/3/2021 10:53:10 AM

$42

Bidder #794

4/29/2021 6:30:29 PM

$41

Bidder #399

5/3/2021 10:53:07 AM

$40

Bidder #794

4/29/2021 6:30:29 PM

$39

Bidder #399

5/3/2021 10:53:04 AM

$38

Bidder #794

4/29/2021 6:30:29 PM

$37

Bidder #399

5/3/2021 10:53 AM

$36

Bidder #794

4/29/2021 6:30:29 PM

$35

Bidder #399

5/3/2021 10:52:57 AM

$34

Bidder #794

4/29/2021 6:30:29 PM

$33

Bidder #399

5/3/2021 10:52:53 AM

$32

Bidder #794

4/29/2021 6:30:29 PM

$31

Bidder #399

5/3/2021 10:52:49 AM

$30

Bidder #794

4/29/2021 6:30:29 PM

$29

Bidder #399

5/3/2021 10:52:46 AM

$28

Bidder #794

4/29/2021 6:30:29 PM

$27

Bidder #399

5/3/2021 10:52:43 AM

$26

Bidder #794

4/29/2021 6:30:29 PM

$25

Bidder #399

5/3/2021 10:52:38 AM

$24

Bidder #794

4/29/2021 6:30:29 PM

$23

Bidder #399

5/3/2021 10:52:34 AM

$22

Bidder #794

4/29/2021 6:30:29 PM

$21

Bidder #399

5/3/2021 10:52:29 AM

$20

Bidder #794

4/29/2021 6:30:29 PM

$10

Bidder #399

5/3/2021 10:52:15 AM

$9

Bidder #794

4/29/2021 6:30:29 PM

$8

Bidder #399

5/3/2021 10:52:08 AM

$7

Bidder #794

4/29/2021 6:30:29 PM

$6

Bidder #399

5/3/2021 10:52:04 AM

$5

Bidder #794

4/29/2021 6:30:29 PM

$4

Bidder #399

5/3/2021 10:51:43 AM

$3

Bidder #794

4/29/2021 6:30:29 PM

$2