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Saturday, June 16, 2018

Oil & Gas Lease Results -- North Dakota -- May, 2018

Link here for May, 2018 (on-line).

Billings
  • two tracts, 80 mineral acres each
  • bonus: $2.00 / acre
  • yes, you have have bought 160 mineral acres in the Bakken for $320
Burke
  • twelve tracts, from very small 0.03 acres to 160 acres
  • very small bonuses; largest $151/mineral acre
Dunn:
  • one tract, 80 acres; $26 / mineral acre
Golden Valley
  • fourteen tracts; several 160-acre tracts; average around $20 / mineral acre
  • many winning Northern Energy Corporation bids
McKenzie
  • ten tracts, most of them 160-acre tracts
  • from $9 / mineral acre to $218 / mineral acre
  • many winning Northern Energy Corporation bids
Mountrail
  • ten tracts
  • various sizes; many 80-acre- and 160-acre tracts
  • from $2.00 / mineral acre to $1,001 / mineral acre (I imagine that individual that bid $1,00 / mineral acre is really, really upset)
  • many winning Northern Energy Corporation bids
Stark
  • five tracts, all except one, 80 acres; the fifth, 75.41 acres
  • $12 / mineral acre to $21 / mineral acre
  • many winning Northern Energy Corporation bids

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