North Dakota State Lease Results -- February, 2013

Transcribed quickly. There may be errors. It is for my personal use only in understanding the Bakken and keeping track of what is going on in the Bakken. If you are interested in this information, you should go to the original source.

Bowman County:

• highest bonus paid: $280/acre, Gary Warnke

Burke County:

• highest bonus paid: $300/acre, Dave Weiler
• others: $280/acre, Fossl Oil & Gas
• several tracts for Herco

Dunn County:

• highest bonus paid:$13,000, QEP, Missouri River
• others: $12,500, QEP, Missouri River
• others: $11,500/acre, QEP, Missouri River
• others:$11,000, QEP, Missouri River
• others: $10,500/acre, QEP, Missouri River
• others: $10,400/acre, QEP, Missouri River
• others: $10,300/acre, QEP, Missouri River
• others: $5,700/acre, TDB Resources, Missouri River
• others: $4,600/acre, Herco, Missouri River
• others: $3,400/acre, QEP, Missouri River,
• others: $3,400/acre, Bakken Assumptions, Missouri river
• others: $1,250/acre, QEP, Missouri River,
• others: $2,200/acre, Herco, Missouri River,
• others: $260/acre, 556 Skyline Investements, 80 acres

McKenzie County:

• highest bonus: $4,500/acre, Gerrity Bakken, Yellowstone River
• others: $4,200/acre, Davis Exploration
• others: $1,600, Petrogulf Corporation

Stark:

• highest bonus: $3,500/acre, Herco
• others: $2,900/acre, Herco

Ward:

• highest bonus: $140/acre, Holly Suko

Williams:

• highest bonus: $1,100/acre, Bakken Oil

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Holly Suko
8030 Brnt Creek Island Road
Bismarck, ND 58503-9278

Herco
2812 1st Avenue N # 311
Billings, MT 59101-2312

556 Skyline Investments
1122 E Jefferson Street
Phoenix, AZ 85034

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Summary (all numbers rounded): County; # of total acres; total bonus; average/acre

• Bowman: 1,250 acres; $182K; $145/acre
• Burke: 1,460 acres; $302K; $210/acre
• Dunn:  9,900 acres; $21,227K; $2,150/acre
• McKenzie: 1,500 acres; $750K; $500/acre
• Mountrail: 734 acres; $138K; $188/acre
• Slope: 4,850 acres; $303K; $60/acre
• Stark: 800 acres; $1,099K; $1,380/acre
• Ward: 6,900 acres; $565K; $80/acre
• Williams: 38 acres; $42K; $1,100/acre