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Sunday, May 12, 2019

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
************************************************** 
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


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