Thursday, January 26, 2012

Results of BLM Lease Sales -- January 24, 2012 -- Some Parcels for $9,700/Acre

The map.

The results.

BLM.GOV press release.

Eye-popping, selected:
  • Parcel #5: 80 acres; $8,300/acre; total -- $660,000. ----Sierra Resources
  • Parcel #15: 39 acres; $3,300/acre; total -- $128,700. -- Davis Exploration
  • Parcel #16: 40 acres; $9,700/acre; total -- $388,000. -- Marshall & Winston
  • Parcel #17: 160 acres; $4,700/acre; total --$752,000. -- KOG
  • Parcel #18: 480 acres; $3,500/acre; total -- $1.12 million. --- Davis Exploration
  • Parcel #19: 40 acres; $6,800/acre; total -- $272,000. --- Davis Exploration
  • Parcel #20: 40 acres; $8,100/acre; total -- $324,000. --- TDB Resources
  • Parcel #21: 160 acres: $2,200/acre; total -- $352,000. - SM Energy
  • Parcel #22: 18 acres; $2,800/acre; total -- $50,400. ---- CLR
  • Parcel #26: 2 acres; $4,900/acre; total ---- $9,800. ------- Nova NRG
  • Parcel #30: 643 acres; $3,100/acre; total -- $2 million --- CLR
It looks like CLR picked up about 7,221 acres.

The following best enjoyed with volume at twice normal:



Finders, Keepers, Tom Stormy Trio Featuring Rhythm Sophie
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2 comments:

  1. AnonymousFebruary 2, 2012 at 10:44 AM

    what's the going rate for acreage bonus' in montana? in particular Roosevelt County? Do you think it will go up in the next leasing cycle?

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    Replies
    1. Bruce OksolFebruary 2, 2012 at 11:02 AM

      Hopefully someone else will answer; I do not follow the Montana side of the Bakken closely enough to comment.

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