Tuesday, November 19, 2013

Results Of The November, 2013, North Dakota Lease Sales

I had completely forgotten about these leases until a reader reminded me.

Link here.

Billings County
  • leases were going for between $750 and $1600 (bonus/acre)
  • bidders: Diamond Resources and Empire Oil
  • approximately 20 tracts, mostly 80-acre parcels
Divide
  • three 80-acre parcels
  • Diamond Resources
  • around $1500
Golden Valley
  • several 8-acre parcels for $90/acre
  • 160-acre parcels for $150/acre
  • Empire Oil, Trinity Western, Globex, Irish Oil, Cody
McKenzie
  • two 160-acre tracts
  • $9300
  • Northern Energy (both tracts)
Renville
  • six 80-acre tract and one 40-acre tract
  • $15 +/-
  • Empire Oil 
Slope
  • about 22 tracts; mostly 80-acre; some 160-acre
  • from $2 (no typo) to $140
Ward
  • three 80-acre tracts
  • from $2 to $95
  • Empire Oil and Wells Petroleum
Williams
  • four tracts (2 80-acre; 2 160-acre)
  • $3700
  • Crescent Point Energy

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