SOLD
Registration Status:
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Your Bid Status:
You have not bid on this lot
Tract:
Tract 25
Gross Acres:
40.00
Net Acres:
40.00
Time Remaining:
Auction has ended
Start Time:
12/1/2021 8:48 AM MST / 9:48 AM CST
End Time:
12/7/2021 12:48 PM MST / 1:48 PM CST
Your Bid:
-
Highest Bid:
$0.25/acre
Starting Bid:
$0.25/acre
Total Cost at Highest Bid:
$137.20
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T36N, R6E
Sec. 30: NE4NE4
Tract Details
Property/Well Name
Tract 25
County, State
Liberty, MT
Legal Description
T36N, R6E
Sec. 30: NE4NE4
Gross Acres
40.00
Net Acres
40.00
Royalty Rate
16.67%
Lease Term
10 Years
Rental/Acre (Per Year)
$2.50
Rental Due At Closing
$100.00
MT Administrative Fee
$25.00
Buyer Premium
2.00%
Delayed Drilling Penalty (DDP)
Delayed Drilling Penalty | Amount/Acre/Year |
---|---|
6th Year DDP (Delayed Drilling Penalty) | $1.25 |
7th thru 10th Year DDP | $2.50 |
Stipulations
Successful Bidder Notification
When the bids are accepted by the State of Montana DNRC, the successful bidder will be notified via email with closing instructions, including total amount due.
Payment must be made within two business days.
Offset Activity
Buyer Premium
A 2% Buyer Premium, calculated as 2% of the total bid amount, will be added to the cost of this lease.
State of Montana DNRC Point of Contact
EnergyNet Point of Contact
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #478
12/7/2021 12:42:32 PM
$0.25