February Lease Sale: 2nd Highest in History

The new week starts with exciting news. The February North Dakota state land lease sale was the second (2nd) highest in history: $47 million. The highest was the previous sale, back in November, 2009, when $71 million was paid by bidders for Bakken leases.

I don't have time right now, but I have to confirm this. When inflation is taken into account, I believe a sale back in the 80's might be the second highest (or possibly, even the highest). Regardless, this is quite notable, four years into the current North Dakota boom and almost ten years into the Bakken boom.