Pages

Tuesday, November 27, 2018

Results Of State Lease Auction -- November 6, 2018

This was done quickly. The usual disclaimer applies. This has not been double-checked for accuracy. Go to source of information if this is important to you. 

State lease auction, November 6, 2018link here. Quick note from Oil Patch Hotline --
Missouri River minerals draw High ND bidding .Missouri River acreage in Dunn County pulled high bidding totaling $1.9 million with the highest bid of $6,000 posted for 15 acres at the Nov. 6 North Dakota oil and gas lease state sale...
Bowman County: one tract
  • bonus: $5
  • 80-acre tract
Burke County: one tract
  • bonus $15 
  • 76.61-acre tract
Dunn County: about 94 tracts -- most tracts I've seen since the early days of the boom
  • bonus: range from $2 to $6,000 but most in the low 3-figures
  • tracts: as small as 0.02 acres but mostly 20 to 160 acres
  • bidders: "almost everyone" -- Slawson; Dasinger, Kaleb; Grey Rock Energy Partners; Northern Energy; Skyworld Oil; Norra Resources; Lynx Oil; Texas Independent Exploration; Interwest Petroleum; Iron Horse Royalties; Nick Lambert; Advanta Resources; others
  • buy the way, that 0.02-acre tract went for $2.00/acre which suggests the bonus paid was 4 cents (see screenshot below)
McKenzie County: one tract
  • bonus: $160
  • 160-acre tract
Mountrail County: two tracts
  • bonus: $122/acre and $5,201/acre
  • one 28.20-acre tract
  • one 40-acre tract

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.