KOG: $560K For 80 Bakken Acres

August 16, 2012, North Dakota state's on-line auction:

KOG: 80 acres, southeastern Williams County; $7,000/acre --> $560,240 plus fees.

If you can believe it (that's rhetorical, not literal), 1,079 companies viewed the property; 23 registered to bid; nine (9) bidders in the end.

Source: Petroleum News.