Most Recent North Dakota Oil and Gas Lease Sale Result -- KOG -- Online -- Truax Oil Field -- $7,000/Acre

The most recent oil and gas lease, North Dakota state, on-line, August, 2012:

• 154-98-14, Truax oil field, 80 acres; E2NE4: $7,003/acre

Note: this is a "new" URL -- it was changed sometime in the past year. Some of my old links will, of course, be broken; I will correct them when/if I find them.

Folks may want to bookmark this new site. I believe the next quarterly North Dakota state oil and gas lease sale will be in November 6, 2012. The filing deadline was September 21, 2012.

A reader asked where this new KOG acreage is in relation to three other KOG wells:

• 18770, 819, KOG, Scanlan 3-5H, Truax, t9/10; cum141K 7/12; 
• 20856, 1,349, KOG, King 3-8H, Truax, t1/12; cum 38K 712;
• 20857, 358, KOG, Pankowski 4-6H, Three Forks well; Truax, t2/12; cum 48K 7/12; 

Using the Scanlan (153-98-5/4)as the reference point:

• King is one mile directly south (153-98-8/9)
• Pankowski is one mile directly west (153-98-6/7)
• The new acreage is almost exactly 5 miles to the northeast (154-98-14)

Remember: the Pankowski started out as a middle Bakken well; due to problems, the decision was made to target the Three Forks formation.