Thursday, May 9, 2013

Results of BLM Auction: North Dakota, Montana

Billings Gazette is reporting.

Data points for the May 8, 2013, sale:
  • 32 parcels in ND and MT, 7,349 acres -- 11 sections, about 1/3 of a township; inconsequential
  • leases good for 10 years
  • highest big: $280,800; Irish Oil & Gas, 71-acre parcel; about $4,000/acre; Roosevelt County
The next auction is scheduled for July 16, with 90 parcels up for lease totaling almost 19,500 acres.
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2 comments:

  1. ETMay 9, 2013 at 8:39 PM

    This is somewhat unusual for acreage to go for $4000/acre in Roosevelt County, Mt. Montana must be getting very active with promising results.

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    Replies
    1. Bruce OksolMay 9, 2013 at 10:36 PM

      Don't quote me on this, but I think the parcel is on the North Dakota/Montana state line west of Williston. It may be mostly in Montana but it's "North Dakota" in quality, I bet. But again, I am basing it on a very small map at the BLM site.

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