SOLD
Registration Status:
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Your Bid Status:
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Tract:
Lease OG2200246
Gross Acres:
80.00
Net Acres:
40.00
Time Remaining:
Auction has ended
Start Time:
7/26/2022 8:11 AM MDT / 9:11 AM CDT
End Time:
8/2/2022 8:11 AM MDT / 9:11 AM CDT
Your Bid:
-
Highest Bid:
$751/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$31,151.20
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T159, R92
Sec. 25: S2NE4
Tract Details
Lease No.
Lease OG2200246
County, State
Burke, ND
Legal Description
T159, R92
Sec. 25: S2NE4
Gross Acres
80.00
Net Acres
40.00
Royalty Rate
1/6th
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$200.00
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Lands Lease Auctions
Offset Activity
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 #95
8/2/2022 9:10:14 AM
$751
Bidder #270
8/2/2022 9:11 AM
$750
Bidder #95
8/2/2022 9:10:14 AM
$706
Bidder #270
8/2/2022 9:10:45 AM
$705
Bidder #95
8/2/2022 9:10:14 AM
$704
Bidder #270
8/2/2022 9:10:40 AM
$703
Bidder #95
8/2/2022 9:10:14 AM
$702
Bidder #270
8/2/2022 9:10:31 AM
$701
Bidder #95
8/1/2022 11:05:05 AM
$58
Bidder #751
8/2/2022 8:53:05 AM
$57