North Dakota Lease Sales, May, 2019

Observations:

• 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

Link here. May, 2019 -- online.

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

Burke

• 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

Divide

• 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

Dunn

• 2 tracts
• two 80-acre tracts
• Beta Land Services; BIP Energy
• $300/acre for one 80-acre tract; $291/acre for the other

Golden Valley

• 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

McKenzie

• 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

McLean

• 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

Mountrail

• 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

Slope

• 4 tracts
• all Interwest Petroleum
• $2/acre for all tracts
• all tracts were 160 acres
• that was easy

Stark

• 2 tracts
• both 80-acre tracs
• $26- and $31/acre
• both were Interwest Petroleum

Ward (Minot)

• 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

Williams

• 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

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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 ...

Moonshine, Katie Melua