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Wednesday, November 6, 2019

Quarterly Lease Sales Results For North Dakota Have Been Posted -- Northern Energy Buying North Dakota -- November, 2019

Quarterly lease sales results have been released for November, 2019. Link here.

Note: no parcels sold in Mountrail County or Dunn County.

Northern Energy Corporation headquarters in Bismarck, ND.

Disclaimer: I do this quickly. There will be typographical and factual errors. If this is important to you, go to the source. 

Billings:
  • 46 parcels, more or less
  • most parcels, 40-acres, 80-acres; and, 160-acres
  • low bids overall, but best bonus: $366/acre, 40 acres, Norra Resources, LLC, section 26-144-98
  • all parcels except five went to North Energy Corporation  
  • one parcel to Douglas Morton
  • three parcels to Norra Resources, LLC
  • one parcel to Petro-Hunt, LLC
Burke:
  • 18 parcels
  • most parcels 40-acre, 80-acre, and 160-acre
  • most parcels for $2.00/acre
  • best bonus:  $206/acre for two separate parcels
  • 1.72 acres, section 29-91-162
  • 10 acres, section 29-91-162
  • all parcels except four went to North Energy Corporation
  • one parcel to Lynx Oil Company
  • one parcel to Douglas Morton
  • two parcels to Norra Resources, LLC
Divide:
  • 3 parcels
  • every parcel: 80 acres
  • bonus: $26/acre (2); and, $36/acre (1)
  • all parcels went to Northern Energy Corporation
McKenzie:
  • 21 parcels
  • almost all parcels were160 acres
  • bonuses as low as $2.00
  • best bonus: $512/acre -- 7.47 acres in section 18-146-98
  • all parcels except one went to North Energy Corporation
  • one parcel went to Lynx Oil Company
Williams:
  • 8 parcels 
  • 77 acres to 160 acres
  • best bonus: $663/acre -- SE4-section 34-158-96
  • every parcel: Northern Energy Corporation