Monday, March 25, 2019

Quarterly Lease Sales -- North Dakota -- February, 2019

North Dakota lease sales.

On-line.

February, 2019.

Link here.

Dunn County (FBIR)
  • six tracts
  • all tracts were 80-acre parcels
  • bonus range: $97 - $302/acre (a real steal)
  • bidders: Beat Land Services (4); Lynx Oil; Northern Energy Corp
Golden Valley County (southwest North Dakota)
  • four tracts
  • all tracts were 160-acre parcels
  • bonus range: $106 - $130/acre
  • bidders: Northern Energy Corp (3); Lynx Oil
McKenzie County (Watford City)
  • four tracts
  • all tracts were 160-acre parcels
  • bonus range: $276 - $918/acre
  • bidder: Empire Oil Company (4)
McLean County (Minot)
  • two tracts
  • one tract: 77.24 acres -- bonus: $316/acre
  • one tract: 5.39 acres -- bonus: $1,509/acre
  • biddes: David L Herbaly as trustee of a family trust; Lynx Oil Company (the 5.39 parcel)
Mountrail Ccounty (Parshall)
  • two tracts, both 8-acre parcels
  • bonus: one at $251/acre and the other at $487/acre
  • bidders: Eugene Lewis; Western Shale Corporation

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