Lease Results -- North Dakota State -- November, 2012

Results of the oil and gas lease sales auction, November, 2012, Department of North Dakota Trust Lands:

• Highest bonus paid/acre: $15,300/acre, 5-153-101, Diamond Resources, McKenzie county, 5 acres;
• Highest bonus paid/tract: $8,400/acre x 160.03 acres --> $1.3 million, 12-94-153, Diamond Resources
• Most active township: 153-94, McKenzie County, Diamond Resources
• Most active townships: 152-93, 153-93, 153-94, McKenzie County, Diamond Resources 
• Most active bidder: Diamond Resources

So, where is this area of interest in McKenzie County?

• The five acres that sold for $15,300/acre appears to be in an undesignated area, just south of Todd oil field, south of Williston, under the river on the McKenzie side of the county line;  it will most likely become part of the Indian Hill oil field.
• It appears the 160.03 acres @ $8,400/acre is under the water in an undesignated area between the Sanish oil field and Elm Tree.
• Another 160 acre tract @ $8,400/acre is also under water just north of the reservation, west of the Sanish, southeast of Elm Tree.

There are sources that suggest Diamond Resources is working for Continental Resources.