Server Time (CDT): Jul. 23, 11:26:42p

OG2100016

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

SOLD

Registration Status:

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Your Bid Status:

You have not bid on this lot

Tract:

OG2100016

Gross Acres:

160.00

Net Acres:

8.00

Time Remaining:

Auction has ended

Start Time:

4/27/2021 8:18 AM MDT / 9:18 AM CDT

End Time:

5/4/2021 8:18 AM MDT / 9:18 AM CDT

Your Bid:

-

Highest Bid:

$26/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$264.24
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)

Legal Description:

Tract Details

Lease No.

OG2100016

County, State

Hettinger, ND

Legal Description

T134N, R95W
Sec. 20: NE4

Gross Acres

160.00

Net Acres

8.00

Royalty Rate

1/6th

Lease Term

5 Years (Paid Up)

Rental/Acre (Per Year)

$1.00

Rental Due At Closing

$40.00

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.

Provisions

P: The land covered by this oil and gas lease contains an archaeological, or paleontological resource which may need to be protected. Lessee shall not disturb the surface of the leased premises until the provisions of this addendum are satisfied. At least 20 days prior to any surface disturbance of the leased premises, the lessee shall notify the North Dakota Department of Trust Lands of the location of the intended surface disturbance and what the disturbance will entail. The Department of Trust Lands, after considering advice from the State Historical Board or the North Dakota Geological Survey will determine what, if any, protection of the resource shall be necessary before allowing access to the area intended to be disturbed. If the lessee objects to the requested protection, the lessee may present its objection to the Department of Trust Lands. The Commissioner of University and School Lands, subject to appeal to the Board of University and School Lands, shall make the final determination as to what protection or preservation measures must be undertaken before surface disturbance begins.

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 (Top 10)

Bidder

Placed

Amount

Bidder #83

5/4/2021 9:13:46 AM

$26

Bidder #841

5/3/2021 10:46:16 PM

$25

Bidder #83

5/3/2021 1:29:30 PM

$17

Bidder #841

5/3/2021 10:45:58 PM

$16

Bidder #83

5/3/2021 10:30:51 AM

$12

Bidder #841

5/2/2021 2:13:21 AM

$11

Bidder #83

5/3/2021 10:30:42 AM

$9

Bidder #841

5/2/2021 2:13:21 AM

$8

Bidder #83

5/3/2021 10:30:31 AM

$7

Bidder #841

5/2/2021 2:13:21 AM

$6


View 4 earlier bids...