- this was a most active auction in terms of number of tracts, and counties involved
- look at Ward County, 91 tracts: years ago I was told by a "hotshot" driver that there was a river of oil all the way to Minot; I remember that quote well, and exactly when/where I heard it
- 41 tracts in Billings County
- I assume Triple T has been around before but Triple T was really, really active this auction
- I don't know for whom Triple T is buying but I have my "suspicions"
- it's hard to believe that after all these years, the state of North Dakota still has acreage to sell/lease
Billings
- 41 tracts (this is the most I have seen in a long, long time in Billings; maybe the most ever
- mostly Northern Energy Corporation
- others: James Nelson; Interwest Petroleum;
- a lot of larger-size tracts: 80- to 160-acre tracts
- bonuses generally low at $1 - $8/acre
- Northern Energy paid $223/acre, for 20-acre tract; 26-143-26; SW4NW4
- 14 tracts
- mostly Rockall Energy
- others: Lynx Oil, Northern Energy
- mostly larger tracts: 80- 160-acre tracts
- bonuses in the $100/acre range
- Northern Energy paid $203/acre, for 80-acre tract; 24-162-93, SE4
- 4 tracts
- two 80-acre tracts; one 8-acre tract; one 20-acre tract
- Northern Energy; Norra Resources; Aurora Energy
- typical: $70/acree
- Norra Resources paid $157/acre, 8-acre tract; 35-101-162, NW4
- 2 tracts
- two 80-acre tracts
- Beta Land Services; BIP Energy
- $300/acre for one 80-acre tract; $291/acre for the other
- 8 tracts
- every tract went for $1/acre bonus (minimum bid)
- every tract: 160 acres
- every tract bought by Northern Energy Corp
- that was easy
- 10 tracts
- smaller tracts as well as five 160-acre tracts
- $21/acre to $231/acre; mostly around $100/acre
- mostly Northern Energy Corp
- also Aurora Energy; Solocorp; Petro-Hunt; Lynx
- Northern Energy paid $231/acre for a 20-acre tract; 30-148-100, NE4NE4
- 3 tracts
- Northern Energy (2); and Dasinger, Kaleb (1)
- 80-acre tracts (2) and one 160-acre tract
- Dasinger, Kaleb paid a whopping $12/acre for 80-acre; 16-149-89, SW4
- 82 tracts
- mostly The Triple T, Inc; scrolling down the list, it's "all" The Triple T;
- Woodstone Resources: 10 tracts
- Northern Energy: 1 tract
- Advanta Resources: 2 tracts
- mostly 80-acre tracts
- most $60 - $100/acre
- no tract went for more than $121/acre
- 4 tracts
- all Interwest Petroleum
- $2/acre for all tracts
- all tracts were 160 acres
- that was easy
- 2 tracts
- both 80-acre tracs
- $26- and $31/acre
- both were Interwest Petroleum
- 91 tracts
- again, like Mountrail, this was mostly The Triple T, Inc
- Woodstone Resources: 1 tract
- 40-acre to 160-acre tracts
- very, very low bids; mostly $2/acre
- however, this one of interest: The Triple T paid $221/acre for 1.93 acre-tract, 19-155-87, Riparian interest attributable to section 18, lot 7
- and, also two similar descriptions, for a 39.51-acre tract; and, a 10.26-acre tract; $81/acre
- 4 tracts
- The Triple T, Inc: 2 tracts
- Northern Energy Corporation: 2 tracts
- $53/acre to $221/acre
- all were 160-acre tracts
- The Triple T paid $221/acre for 160-acre tract, 16-1030157; NE4
**************************************************
McLean
OG1900096 | 149-89-16 | NW4 | NORTHERN ENERGY CORPORATION | 160.00 | 1.00 |
OG1900097 | 149-89-16 | SE4 | NORTHERN ENERGY CORPORATION | 80.00 | 4.00 |
OG1900098 | 149-89-16 | SW4 | DASINGER, KALEB | 80.00 | 12.00 |
Wow, the beat ...
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