Server Time (CDT): Mar. 28, 9:37:53p

ND-2022-06-0075

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

SOLD

Property Schedule

Due Diligence Began 4/21/2022
Bidding Started 6/30/2022
Bidding Ended 6/30/2022 11:45 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

ND-2022-06-0075

Acres:

120.00

Time Remaining:

Auction has ended

Start Time:

6/30/2022 9:45 AM MDT / 10:45 AM CDT

End Time:

6/30/2022 10:45 AM MDT / 11:45 AM CDT

Your Bid:

-

Highest Bid:

$326/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$40,061.80
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

ND-2022-06-0075

County, State

McKenzie, ND

Legal Description

T. 147 N., R. 103 W., 5TH PM
Sec. 18 E1/2NW1/4, NE1/4SW1/4.

Updated 06/23/2022
See Amendment Notice #4

Acres

120.00

Rental (1st Year)

$180.00

Royalty

18.75%

Administrative Fee

$175.00

Expression of Interest

MT00015510

Comments

Split Estate

Serial Number

NDMT105295041

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 14-23 Setback from Human Occupied Residences Requirement:
  • LN 14-33 Cultural Inventory Requirement:
  • LN 14-40 Big Game Winter Range and Migration Corridors:
  • DPG 13d (McKenzie RD) Lease Stipulation:
  • DPG 14-1 NSO Slopes > 40%:
  • DPG 14-5 NSO Golden Eagle, Merlin & Ferruginous Hawk Nests
    For the following lands: T. 147 N., R. 103 W., 5TH PM, Sec. 18 SE1/4NW1/4, NE1/4SW1/4;
  • DPG 15-1 TL TL - Sharp-tailed Grouse Display Grounds:
  • DPG 15-8 TL Bighorn Sheep Habitat:
  • DPG 16-1 CSU Paleontological Resources:
  • DPG 19a LN Notice for Split Estate Lands Under the Jurisdiction of the Bureau of Land Management:
  • DPG CSU 16-2 Water, Wetlands, Woody Draws, Riparian, and Floodplains
    For the following lands: T. 147 N., R. 103 W., 5TH PM, Sec. 18 NE1/4NW1/4, NE1/4SW1/4;
  • DPG CSU 16-6 Forest Service - High Scenic Integrity Objective (SIO) Areas Scenery (CSU):
  • DPG 14-1 NSO SMA Stipulations for Slopes > 40%
    For the following lands: T. 147 N., R. 103 W., 5TH PM, Sec. 18 NE1/4SW1/4

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.

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 #485

6/30/2022 11:41:14 AM

$326

Bidder #551

6/30/2022 11:44:56 AM

$325

Bidder #485

6/30/2022 11:41:14 AM

$256

Bidder #307

6/30/2022 11:44:55 AM

$255

Bidder #485

6/30/2022 11:41:14 AM

$229

Bidder #551

6/30/2022 11:44:46 AM

$228

Bidder #485

6/30/2022 11:41:14 AM

$2