Mineral Acre Values In North Dakota -- June 26, 2018

Updates

August 18, 2018: was Whiting the buyer of 55,000 Oasis acres for $130 million in that first deal mentioned below?

Original Post

 

A reader asked me about the value of mineral acres in Montana, right across the state line from North Dakota. I don't follow Montana, so could not give him a good answer.

However, this might help. From SeekingAlpha, Oasis sells some non-core Bakken assets:

• current deal: $283 million / 65,000 acres = $4,500 / acre
• overall goal: $500 million  / 200,000 acres = $2,500 / acre