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