SOLD
Registration Status:
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Your Bid Status:
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Tract:
OG2200051
Gross Acres:
29.15
Net Acres:
29.15
Time Remaining:
Auction has ended
Start Time:
1/25/2022 9:40 AM MST / 10:40 AM CST
End Time:
2/1/2022 9:40 AM MST / 10:40 AM CST
Your Bid:
-
Highest Bid:
$3,002/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$90,289.30
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T153N, R102W
Sec. 28: MISSOURI RIVER IN NW4
Tract Details
Lease No.
OG2200051
County, State
McKenzie, ND
Legal Description
T153N, R102W
Sec. 28: MISSOURI RIVER IN NW4
Gross Acres
29.15
Net Acres
29.15
Royalty Rate
3/16th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$145.75
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Land Lease Auctions
Provision
W: This tract is within an area identified as essential wildlife habitat, however the Department of Trust Lands does not manage the surface.
R: Notwithstanding any other provisions of this lease to the contrary, it is agreed that Lessee has no right, without first obtaining the written consent of Lessor, to drill any well from the surface of said riverbed or lakebed or to use the surface of the riverbed or lakebed for any purpose. Lessor does not warrant its title to the acreage leased by this lease. North Dakota Administrative Code § 85-06-01-01(3) provides ”[a] nomination for a tract containing a body of water may include up to a section of land if the tract cannot reasonably be subdivided by quarter section or half section. The tract acreage, including islands, may be offered and described as ‘more or less’ and may be adjusted by the board within each quarter section.” If, during any time prior to expiration of the lease, it is determined by a court or by Lessor that the acreage is more than that set forth in this lease, then Lessee will pay Lessor an additional bonus for each additional acre. Such bonus will be the same per acre bonus as that paid by Lessee to obtain this lease. If, during any time prior to expiration of the lease, it is determined by a court or by Lessor that the Lessor owns less acreage than that set forth in this lease, then Lessor will refund to Lessee the proportionate per acre bonus paid for this lease.
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 #612
2/1/2022 10:39:51 AM
$3,002
Bidder #998
2/1/2022 7:38:13 AM
$3,001
Bidder #612
2/1/2022 10:17:42 AM
$2,500
Bidder #998
2/1/2022 7:38:13 AM
$2,001
Bidder #612
2/1/2022 10:17:17 AM
$2,000
Bidder #998
2/1/2022 7:38:13 AM
$1,603
Bidder #33
2/1/2022 9:29:25 AM
$1,602
Bidder #998
2/1/2022 7:38:13 AM
$1,601
Bidder #33
2/1/2022 9:29:03 AM
$1,600
Bidder #998
2/1/2022 7:38:13 AM
$1,541