SOLD
Registration Status:
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Your Bid Status:
You have not bid on this lot
Tract:
OG2200049
Gross Acres:
160.00
Net Acres:
80.00
Time Remaining:
Auction has ended
Start Time:
1/25/2022 9:36 AM MST / 10:36 AM CST
End Time:
2/1/2022 9:36 AM MST / 10:36 AM CST
Your Bid:
-
Highest Bid:
$151/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$12,852.40
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T145N, R98W
Sec. 5: SW4
Tract Details
Lease No.
OG2200049
County, State
McKenzie, ND
Legal Description
T145N, R98W
Sec. 5: SW4
Gross Acres
160.00
Net Acres
80.00
Royalty Rate
3/16th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$400.00
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Land Lease Auctions
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 #688
2/1/2022 10:35:51 AM
$151
Bidder #33
2/1/2022 10:35:58 AM
$150
Bidder #688
2/1/2022 10:35:51 AM
$141
Bidder #872
2/1/2022 10:35:56 AM
$140
Bidder #688
2/1/2022 10:35:51 AM
$139
Bidder #33
2/1/2022 10:35:51 AM
$138
Bidder #760
2/1/2022 10:35:32 AM
$47
Bidder #33
2/1/2022 10:35:18 AM
$43
Bidder #760
2/1/2022 10:34:30 AM
$42
Bidder #33
2/1/2022 9:20:52 AM
$4