Monday, March 28, 2016

Quarterly Lease Sales Results -- February, 2016

Lease sales here (state site). I track them here.

Selected results from February 2, 2016, lease sales.

Billings County:
  • mostly $1 to $5/acre; a few acres as high as $31
Bottineau County:
  • $1 to $6
Bowman County:
  • $1 to $4
Burke County:
  • mostly in the $50/acre or lower, Paladin Resources did page $135/acre for one 40-acre bloc
Divide County:
  • several blocs went for $110 to $130/acre; some blocks for $210/acre; one 80-acre bloc for $350/acre
Golden Valley:
  • unremarkable
McHenry:
  • three blocks, $2 and $4
McKenzie:
  • four blocs for $2,100/acre (blocs ranged from 84 acres to 152 acres); look to be under the water
Slope:
  • unremarkable
Stark:
  • unremarkable
Williams:
  • most remarkable county of the few sales
  • one 20-acre bloc and one 80-acre bloc each went for $5,300/acre (Paladin Resources)

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