Summary Of North Dakota Lease Sales For November, 2015

Updates

November 23, 2015: a reader sent the following question to the state regarding the land lease sale below. The question:

Regarding three leases

• OG1500749 - Dunn County, section 30-150-92, 3 acres (rounded);
• OG1500750 - Dunn County, section 30-150-92, 107 acres (rounded);
• OG1500751 - Dunn County, section 30-150-92, 133 acres (rounded);
• OG1500782 - Mountrail County, section 26-150-92, 80 acres;
• OG1500783 - Mountrail County, section 27-150-92, 160 acres;
• OG1500784 - Mountrail County, section 28-150-92, 60 acres;
• OG1500785 - Mountrail County, section 28-150-92, 40 acres;

These leases are listed in the same township/range but in different sections.

The reply from the state:

The county line runs between sections 30 and 28. The leases in Section 30 are in Dunn County and are river leases. The leases in Sections 26, 27, and 28 are in Mountrail County even though they are all in Township 150 North and Range 92 West. The State tracts are leased by quarter section (160 acres) so unless they are river tracts most of regular tracts are 160 acres each.

Original Post

 

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Bottineau County

• two tracts, each $2/acre

Bowman County

• thirteen tracts, none greater than 160 acres/tract
• lease sale: $1 - $4 / acre

Burke County

• thirteen tracts, most 80-acre tracts; a couple of 160-acre tracts
• mostly $50 / acre; a couple for $300 / acre

Divide County

• nine tracts; most 160-acre tracts
• $250 - $310 / acre

Dunn County

• three tracts; 3 acres, 160 acres, 130 acres (all rounded)
• winning bidder: Energy Land Services, LLC
• each tract went for $9400 / acre
• Golden Valley
• sixteen tracts, mostly 160-acre tracts
• winning bidder: Petro-Sentinel and Northern Energy
• $10 - $17 / acre

McKenzie County

• fourteen tracts
• odd lots; several 160-acre units
• some as high as $8200 / acre
• winning bidder for the $8200 / acre -- Diamond Resources

Mountrail County

• four tracts
• 40-, 60, 80-, and 160-acre tract
• $11,110; $11,110; $10,200; and, $10,800 respectively
• winning bidder: QEP

Sioux County (going back to February, 2011, this is the first time Sioux County has been on the list) -- Sioux County is to the west of Emmons County, center of the "Sleeping Giant"

• 20 tracts, mostly 160-acre tracs
• all for $1 / acre, except for three at $2 / acre
• winning bidders, all individual names -- Jeffrey Kendall Veigel, Ronald Hettich, and John T Wicks