SOLD
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Your Bid Status:
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Tract:
NDPRD - OG2200002
Gross Acres:
80.00
Net Acres:
40.00
Time Remaining:
Auction has ended
Start Time:
7/26/2022 3:40 PM MDT / 4:40 PM CDT
End Time:
8/2/2022 3:40 PM MDT / 4:40 PM CDT
Your Bid:
-
Highest Bid:
$556/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$23,117.20
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T148, R100
Sec. 13: N2NW4
This 50% interest is being offered by the North Dakota Parks and Recreation Department.
Additional 50% interest in this tract is being offered by the North Dakota Department of Trust Lands, via Lease OG2200327
Tract Details
Lease No.
NDPRD - OG2200002
County, State
McKenzie, ND
Legal Description
T148, R100
Sec. 13: N2NW4
This 50% interest is being offered by the North Dakota Parks and Recreation Department.
Additional 50% interest in this tract is being offered by the North Dakota Department of Trust Lands, via Lease OG2200327
Gross Acres
80.00
Net Acres
40.00
Royalty Rate
3/16ths
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 Parks and Recreation Department Lease Auctions
The North Dakota Parks and Recreation Department (NDPRD) interests will be subject to the same bidding process as the North Dakota Department of Trust Lands, yet leased separately by the NDPRD. Inquiries and matters pertaining to the NDPRD interests and leases should be directed to the NDPRD as follows:
Mr. Jeff Indovina
ND Parks and Recreation Department
604 E. Boulevard Avenue Dept 750
Bismark, ND 58505
(701) 328-5360
jindovina@nd.gov
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 Parks and Recreation Department
EnergyNet Points of Contact
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #572
8/2/2022 4:39:38 PM
$556
Bidder #270
8/2/2022 4:39:55 PM
$555
Bidder #572
8/2/2022 4:39:38 PM
$504
Bidder #592
8/2/2022 4:39:50 PM
$503
Bidder #572
8/2/2022 4:39:38 PM
$502
Bidder #808
8/2/2022 2:54:12 PM
$501