Server Time (CDT): Jul. 5, 7:07:29a

ND-2022-06-0240

McKenzie County, ND
BLM Montana and North Dakota Federal Oil & Gas Lease Sale, June 30, 2022

SOLD

Registration Status:

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Your Bid Status:

You have not bid on this lot

Parcel:

ND-2022-06-0240

Acres:

5.60

Time Remaining:

Auction has ended

Start Time:

6/30/2022 9:20 AM MDT / 10:20 AM CDT

End Time:

6/30/2022 10:20 AM MDT / 11:20 AM CDT

Your Bid:

-

Highest Bid:

$31,001/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$188,980.09
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

ND-2022-06-0240

County, State

McKenzie, ND

Legal Description

T. 153 N., R. 99 W., 5TH PM
Sec. 35 LOTS 6.

Acres

5.60

Rental (1st Year)

$9.00

Royalty

18.75%

Administrative Fee

$175.00

Expression of Interest

MT00016689

Serial Number

NDMT105295036

Lease Terms and Conditions

All bidding and lease sale on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.

A lease issued as a result of this sale will have a primary term of 10 years. It will continue beyond its primary term as long as oil or gas in paying quantities is produced on or for the benefit of the lease. Advance rental at $1.50 per acre for the first 5 years ($2 per acre after that) is due on or before the anniversary date each year until production begins. Once a lease is producing, you must pay a royalty of 18.75 percent of the value or the amount of production removed or sold from the lease. You will find other lease terms on our standard lease form (Form 3100-11, October 2008).

Lease Stipulations

Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations. They are requirements or restrictions on how you conduct operations.

They become part of the lease and supersede any inconsistent provisions in the lease form. See Sale Notice for stipulation details.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • CR 16-1 Cultural Resources Lease Stipulation:
  • Standard 16-3 Standard Oil and Gas Lease Stipulations:
  • TES 16-2 Endangered Species Act Section 7 Consultation:
  • LN 14-2 Cultural Resources:
  • LN 14-18 Air Resource Analysis:
  • LN 14-33 Cultural Inventory Requirement:
  • COE 18-1 USDOI BLM and USACE Standard Stipulation:
  • COE18-1 Form 3109-2: Stipulations for Lands Under Jurisdiction of Department of the Army, Corps of Engineers:
  • COE 18-2 USACE Standard Stipulation:
  • COE 18-3 USACE Section 10/404 Regulatory Stipulation:
  • COE 18-4 USACE Section 408 Stipulation

Successful Bidder Notification

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

On the day of the sale, you must pay at least the minimum bonus bid of $2 per acre or fraction of an acre; the first year's advance rental of $1.50 per acre or fraction of an acre; and a non-refundable administrative fee of $175, to the BLM State Office by the close of business.

Communitization Agreement(s)

NDMT105375563 The land within this parcel is committed to Communitization Agreement (CA) NDM 107762, Bakken Formation, effective 01/23/2013, which includes the entire area of this parcel. The operator of this CA is Continental Resources Inc. The successful bidder should contact the CA operator to determine their rights under this CA. The CA operator may require the successful bidder to pay a proportionate cost of the well, including drilling, completing, equipping, and operating the well as a condition of participating in the CA.

Buyer Premium

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.

BLM Montana Contact Information

EnergyNet Points of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Bid History (Top 10)

Bidder

Placed

Amount

Bidder #60

6/30/2022 11:19:35 AM

$31,001

Bidder #542

6/30/2022 11:19:56 AM

$31,000

Bidder #60

6/30/2022 11:19:35 AM

$27,002

Bidder #679

6/30/2022 11:19:55 AM

$27,001

Bidder #60

6/30/2022 11:19:35 AM

$26,502

Bidder #679

6/30/2022 11:19:27 AM

$26,501

Bidder #485

6/30/2022 11:19:08 AM

$21,433

Bidder #551

6/30/2022 11:19:26 AM

$333

Bidder #485

6/30/2022 11:19:08 AM

$223

Bidder #551

6/30/2022 11:18:13 AM

$222


View 1 earlier bids...