SOLD
Registration Status:
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Your Bid Status:
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Tract:
OG2100090
Gross Acres:
160.00
Net Acres:
160.00
Time Remaining:
Auction has ended
Start Time:
7/27/2021 8:40 AM MDT / 9:40 AM CDT
End Time:
8/3/2021 8:40 AM MDT / 9:40 AM CDT
Your Bid:
-
Highest Bid:
$1,501/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$248,174.80
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T148N, R99W
Sec. 16: SE4
Tract Details
Lease No.
OG2100090
County, State
McKenzie, ND
Legal Description
T148N, R99W
Sec. 16: 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
3.00%
Important Notices Pertaining to North Dakota Department of Trust Land Lease Auctions
Provisions
S: The land covered by this oil and gas lease is within an area identified as essential wildlife habitat. The lessee or lesseeās 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
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
EnergyNet Points of Contact
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #883
8/2/2021 8:06:29 PM
$1,501
Bidder #959
8/2/2021 3:36:07 PM
$1,500
Bidder #883
8/2/2021 8:49:33 AM
$1,000
Bidder #959
8/2/2021 3:35:13 PM
$700
Bidder #883
8/2/2021 8:49:33 AM
$601
Bidder #959
8/2/2021 3:35:04 PM
$600
Bidder #883
8/2/2021 8:49:33 AM
$501
Bidder #959
8/2/2021 3:34:54 PM
$500
Bidder #883
8/2/2021 8:49:33 AM
$401
Bidder #959
8/2/2021 3:34:39 PM
$400