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.