Notice of Intent_Mineral Asset Evaluation and Consulting.pdf

State of North Dakota North Dakota Department of Trust Lands

1707 N. 9th Street

Bismarck, North Dakota 58501

Notice of Intent to Make a Non-Competitive Purchase

November 5, 2026

The State of North Dakota, acting through the Office of Management and Budget, State

Procurement Office, and the North Dakota Department of Trust Lands (STATE), intends to make a purchase for which the STATE believes competition may be limited. The purpose of this notice is to determine whether other sources are available and whether the proposed procurement method is appropriate.

Vendors may submit responses proposing equivalent commodities or services in response to this notice. Vendors interested in providing the commodities or services described below must submit a written response through the State’s procurement information system, NDBuys, by the response deadline.

Purchasing Agency: North Department of Trust Lands

Purchase Description: The STATE intends to conduct a non-competitive purchase for specialized oil and gas advisory services. These services will include expertise in mineral asset valuation, production forecasting, drilling activity analysis, market analysis and future outlooks, and executive-level reporting to support the STATE’s management of its oil and gas mineral assets.

The STATE intends to procure a solution that provides specialized mineral management software and related advisory services to support the valuation, monitoring, and management of its oil and gas mineral assets.

Intended Source:

First International Bank & Trust

Mineral & Land Services

100 N. Main

Watford City, ND 58854

Price:

Phase 1: Oil & Gas Mineral Estate Assessment

Initial mineral valuation & limited software license $ 215,000

Phase 2: Ongoing Costs

Annual software license subscription $ 35,000 per year

Mineral valuation updates $ 10 per well

Any work outside of described scope, billed at $150 per hour.

Justification: Only one vendor responded to the Request for Information (RFI). Based on the responses received and its market research, the STATE determined that vendor participation for these specialized advisory services may be limited.

A limited competitive purchase is considered to be in the STATE’s best interest because it would allow the STATE to work with a vendor that provides historical data, consistent analytical methodologies, and efficient tools for comparing oil and gas mineral asset valuations and production forecasts over time. These capabilities would support the STATE’s responsible management of its oil and gas mineral assets.

Questions:

A vendor may contact the Procurement Officer to discuss whether its proposed solution meets the requirements. Submit any questions or requests for clarification to the Procurement Officer as soon as possible and before the response deadline.

Procurement Officer: Peggy Gudvangen

E-mail: pjgudvangen@nd.gov

Telephone: (701) 328-1913

TTY Users call: 7-1-1

Response Format:

Vendors interested in submitting a response to this notice must provide the following information for consideration:

• Company Information: Provide the name of the firm, address, and website, if available.

• Contact Information: Provide the name of a contact person, telephone number, and email address.

• Specifications: Vendors are instructed to examine the Purchase Description included in this notice. When preparing your response to this notice, provide a point-by-point response to each of the described requirements. Provide detailed specifications demonstrating that the offered solution meets or exceeds the requirements stated in this notice. Provide any available documents and links to information available on the vendor’s website.

• Value-Added: Vendors may provide information about value-added features, functionality, alternatives, and additionally available components or services that are not specifically identified in the purchase description within the notice.

• Cost: Provide detailed cost information, including any applicable shipping and handling.

Responses may include pricing for any offered value-added options.

Response Deadline: Thursday, November 12, 2026 at 11:00 p.m. Central Time (CT)

Response Instruction:

Offerors must be registered in NDBuys in order to submit a response.

If you are not yet registered in NDBuys, complete the bidders list registration. See NDBuys Quick

Reference Guides at NDBuys Quick Reference Guides for how to register.

Once registered, locate the solicitation in NDBuys and select the “Participate in RFx” button. If you do not see the “Participate in RFx” button, contact the Procurement Officer to confirm you are already included in the list of offerors to receive notices for the solicitation.

Electronic Submission Required: An interested party must electronically submit proposals through the State’s procurement information system (NDBuys) by the Solicitation Closing deadline.

ND Buys Website

Do not wait until the last minute to submit a response. We recommend uploading your response

24 hours prior to the Solicitation Closing deadline.

Offeror must begin the electronic submission process well in advance of the Solicitation Closing deadline to allow for transmission and resolution of any technical difficulties. Be advised that the

STATE is not responsible for an Offeror’s failure to timely submit a proposal due to any technical difficulties. If you experience any technical difficulties, contact the Procurement Officer or the State

Procurement Office at ndbuys@nd.gov or 701-328-2740.

If documents are in the process of being uploaded when the Solicitation Closing deadline occurs, the upload process will stop. The attempted submission will not be uploaded successfully and is ineligible for consideration. The STATE takes no responsibility for electronic submissions that are captured, blocked, filtered, quarantined, or otherwise prevented from uploading by any anti-virus or other security software.

Visit NDBuys Quick Reference Guides for the NDBuys Quick Reference Guides which describe how to submit an electronic response.

The maximum file size allowed is 56MB or 56,120 KB per file.

Do not submit documents that are embedded (zip files), movies, wmp, encrypted, or mp3 files.

Offeror will be able to confirm that a response has been submitted by reviewing the History tab of the solicitation and confirming that proposal status is submitted. If Offeror does not see that it has been submitted, the upload was not successful. Contact the Procurement Officer or the State

Procurement Office at ndbuys@nd.gov or 701-328-2740.

https://www.omb.nd.gov/doing-business-state/bidders/bidders-list-registration-and-maintenance https://public.ndbuys.nd.gov/ https://www.omb.nd.gov/doing-business-state/bidders/bidding-opportunities-and-resources mailto:ndbuys@nd.gov