SOLD
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
You have not bid on this lot
Tract:
Tract 29
Gross Acres:
640.00
Net Acres:
640.00
Time Remaining:
Auction has ended
Start Time:
12/1/2021 8:56 AM MST / 9:56 AM CST
End Time:
12/7/2021 12:56 PM MST / 1:56 PM CST
Your Bid:
-
Highest Bid:
$66/acre
Starting Bid:
$0.25/acre
Total Cost at Highest Bid:
$44,089
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)
Legal Description:
T37N, R4E
Sec. 16: ALL, BELOW THE BASE OF THE KOOTENAI FORMATION
Tract Details
Property/Well Name
Tract 29
County, State
Liberty, MT
Legal Description
T37N, R4E
Sec. 16: ALL, BELOW THE BASE OF THE KOOTENAI FORMATION
Gross Acres
640.00
Net Acres
640.00
Royalty Rate
16.67%
Lease Term
10 Years
Rental/Acre (Per Year)
$1.50
Rental Due At Closing
$960.00
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 #298
12/7/2021 1:55:23 PM
$66
Bidder #686
12/7/2021 1:55:53 PM
$65
Bidder #298
12/7/2021 1:55:23 PM
$59
Bidder #686
12/7/2021 1:55:30 PM
$58
Bidder #298
12/7/2021 1:54:35 PM
$57
Bidder #686
12/7/2021 1:55:20 PM
$56
Bidder #298
12/7/2021 1:54:35 PM
$55
Bidder #686
12/7/2021 1:55:09 PM
$54
Bidder #298
12/7/2021 1:54:35 PM
$53
Bidder #686
12/7/2021 1:51:35 PM
$52