Quarterly Lease Sales -- November, 2016

Quarterly lease sales, NDIC, November, 2016, on-line.

• Billings County: nothing of note -- $2 to $26/acre
• Burke County: one 40-acre tract for $750/acre
• Divide County: one 80-acre tract, $28
• Golden Valley: lots of activity, but low bonuses
• McKenzie: three tracts with maximum bonus of $37/acre -- wow! How disappointing.
• Mercer: several tracts but at $2/acre, you, too, could own mineral acres in the Bakken

Total sales netted all of $120,000 for the state: on-line auction.

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The August, 2016, Quarterly Lease Sales, NDIC

Link here. 

• Billings County: unremarkable; eleven tracts, $1 to $36/acre
• Burke County: fairly active, but max at $170/acre
• Divide: unremarkable; only four tracts
• Dunn: very active, but you, too, can own mineral acres in Dunn for $3/acre
• Golden Valley: eleven tracts, $27 - $32/acre
• McKenzie County: again, lots of activity but a real steal at $450/acre max
• Mountrail: four tracts at $20,500+/acre; Raisa Energy paid for these tracts
• Stark County: most active county, but most tracts for $1/acre
• Ward County: incredibly active for Ward County; but only $1/acre
• Williams County: five tracts; four of the five tracts for $475/acre; all by Liberty Resources II LLC

Raisa Energy: Raisa Energy LLC is a Denver/Austin based O&G company that targets the aggregation of small non-Operated working interests in the core of best unconventional basins, partnering with a select group of the best operators. Raisa has over 2,000 net acres in the DJ Basin and is currently expanding to the Williston, Anadarko Basin and beyond.