The State of North Dakota has Retained EnergyNet, Inc. to Auction Oil and Gas Leases
AMARILLO, Texas, Nov. 8, 2011 /PRNewswire/ — (www.energynet.com) -EnergyNet is pleased to announce that the state of North Dakota has retained EnergyNet’s services to develop and host an online auction for the state’s offering of oil and gas leases in Dunn County, North Dakota and Mount Pleasant Municipality, Saskatchewan, Canada. The state has published notice that the leases will become available for online research, at EnergyNet.com, followed by a seven day online auction. Sale information is available at the following URL:
All tracts will be posted on the EnergyNet website on November 8th, 2011 at 10:00 AM CST. A 23 day due diligence period begins for all tracts on November 8th, 2011 at 10:00 AM CST. The one-week online auction bidding period for all tracts will begin at 3:00 PM CST on December 1st, 2011 and close between 3:00 and 3:15 PM CST on December 8th, 2011. Specific opening and closing times for each tract will be listed on the website.
“EnergyNet is pleased to have the opportunity to work with the State of North Dakota to present this, the first-ever on-line auction of oil and gas leases,” says Bill Britain, EnergyNet President and CEO. “We look forward to offering the convenience and transparency of internet bidding to North Dakotas’ oil and gas lease customers.”
Bidders may register for the sale using an easy online process at any time. Specific instructions and user guides for this oil and gas lease sale will be available on the EnergyNet website no later than November 8th, 2011 at the above Internet address.