NDIC Quarterly Lease Sale Results -- August, 2020

For the August, 2020, nominations, see this post. 

Results of the August, 2020, ND lease sales, link here. Summary below.

For more on Levi Sap Nei Thang, see this post. Also, at that same post, look at the screenshot/photograph and see the connection to Myint.

Disclaimer: in a long note like this there will be content and typographical errors, but it gives one a pretty good idea of what's going on with leases in the Bakken.  

Billings County:

• 29 tracts
• Bidders: most were Northern Energy Corp; then NP Resources, LLC; others: Levi Sap Nei Thang;
• Most tracts: 160 acres; several 80-acre tracts;
• Bonuses: most in the low teens, below $10; highest, a 160-acre tract with a bonus of $28/acre

Burke County:

• 57 tracts +/-
  
• Bidders: North Energy Corp; Levi Sap Nei Thang; Angie Kennard; Okreek Oil and Gas LLC; Myint Myint Swe; Rockall Energy; Iron Horse Royalties;
• Most tracts: 80 acres; several 160-acre tracts;
• Bonuses: most below $30; many in teens or lower; highest bid was $51/acre for a 4-acre tract Angie Kennard;

Divide County:

• 87 tracts
• Bidders: Okreek Oil and Gas, LLC; Northern Energy Corp; Levi Sap Nei Thang; Anderson Oil Ltd; Norra Resources; Lynx Oil Company; La Brea Minerals, LLC;
• Tracts: mostly 80-acre tracts;
• Bonuses: most in the $30 - $50 range; highest big, an 80-acre tract for $82/acre; Lynx Oil Company;

Dunn County:

• 28 tracts
• Bidders: Iron Horse Royalties, LLC; Okreek Oil and Gas LLC; Levi Sap Nei Thang; Lynx Oil Company; Northern  Energy Corporation; Woodstone Resources, LLC;
• Tracts: mostly 80-acre tracts;
• Bonuses: $20 - $50; highest bid, $87/acre for an 80-acre tract; Lynx Oil Company;

McKenzie County:

• 51 tracts;
• Bidders: Buffalo Holdings, LLC; Okreek Oil and Gas, LLC; Anderson Oil Ltd; Yockim Resource Exploration Co.; La Brea Minerals, LLC; Empire Oil Company; NP Resources, LLC; North Range Resources, LLC; Levi Sap Nei Thang;
• Tracts: mostly 160-acre tracts
• Bonuses: $50 - $150; highest bid, $302/acre; a 118-acre tract; Buffalo Holdings, LLC;

Mountrail County:

• 33 tracts
• Bidders: Lynx Oil Company; La Brea Minerals, LLC; Northern Energy Corp; Okreek Oil and Gas, LLC; Iron Horse Royalties, LLC; Norra Resources; The Triple T, Inc.;
• Tracts: 40-acre to 160-acre; quite a variation in size of tracts;
• Bonuses: mostly $150 - $300; highest bid, $334/acre; a 40-acre tract; Lynx Oil Company;

Williams County:

• 6 tracts
• Bidders: Northern Energy Corporation; Okreek Oil and Gas, LLC;
• Tracts: four 160-acre tracts and two 80-acre tracts
• Bonuses: $70 - $168; highest big, $168/acre, Okreek Oil and Gas, LLC for a 160-acre tract