Thursday, August 11, 2016

Results Of North Dakota's Quarterly Lease Auction; You Can Own A Piece Of The Bakken For $1/Acre; Raisa Energy Paid $20,000/Mineral Acre in Mountrail County -- August, 2016

Hardly worth noting.

Billings County
  • almost all tracts for $1 / acre
  • Wildcat Oil & Gas did pay $36 / acre for a 79-acre parcel
Burke County
  • $170/acre for several parcels; buyer: Ancient Sunlight Resources, LLC
Divide County
  • a few parcels; $50 - $55/acre
Dunn County
  • a few parcels for $75/acre, but not much else
Golden Valley County
  • $27 - $32 / acre; Petro-Sentinel, LLC; and, NP Resources, LLC
McKenzie County
  • one 6.56 acre parcel for $450 / acre
  • several parcels, $180 - $220
  • many, many parcels for $1 / acre
Mountrail County
Stark County
  • many, many parcels, all below $10/acre
  • most at $1 / acre
Ward County (Minot)
  • many parcels, but all $1 / acre
Williams (Williston)
  • five parcels; Liberty Resources II, LLC, paid $475/acre for four parcels;

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