Niobrara in Wyoming.
Recent state and federal lease auctions attracted hundreds of bidders, and many paid jaw-dropping prices for parcels in the Niobrara play. One state parcel went for $3,200 per acre. A little more than a year ago, new oil drilling in the region wasn't even imaginable, and a mineral lease might have gone for $10 per acre.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.