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)