Results of the August North Dakota State Land Lease Auction -- North Dakota, USA

Results for the North Dakota state oil and gas lease auction for August, 2011.

A big 'thank you' to "anon 1" for alerting me to this most recent auction. I completely forgot about it.

Highlights of the auction

Hettinger County (southwest North Dakota):

• Classic Petroleum was the lone winner in this county this time: a bit over 2,000 acres for about $1,000/acre.

Slope County (southwest North Dakota):

• Classic Petroleum picked up about 1,600 acres for about $1,600/acre.
• Pacer Energy picked up about 2,000 acres for about $200/acre; as low as $25/acre; as much as $1,500/acre.

McKenzie County (core Bakken):

• KOG picked up the only acres leased here: 320 acres at $7,300/acre.

Divide County (northwest North Dakota; borders Canada):

• Sundance Oil and Gas picked up about 1,600 acres at around $1,200/acre (as little as $310/acre to as much as $1,600/acre).

From this:

From 1998 to 2005, Mr. Wood was a founding member of three NGP-backed oil and gas companies; Classic Resources Inc., Classic Petroleum Inc. and Classic Petroleum Resources Inc. Mr. Wood led all land activities for the Ark-La-Tex focused companies. After Classic Petroleum’s sale to Chesapeake Energy in 2005, Mr. Wood was employed by Chesapeake as an Acquisition Manager for East Texas until June of 2006. Since leaving Chesapeake in 2006, Mr. Wood has served as an Acquisition Consultant for several companies (including Petrohawk Energy, Grand Energy, Peoples Energy, Camterra Resources and Chesapeake Energy) until joining Tanos in August of 2008 as Vice President-Land. 

I'll let others connect the dots.