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Thursday, May 27, 2021

ND State Mineral Quarterly Lease Sales -- May, 2021

Link here

Burke County:

  • parcels: 8
  • bonus/acre:
    • range: $112 - $351
  • bidders: Liberty Resources, Iron Horse Royalties, Norra Resources, Northern Energy, Rockall Energy;
  • largest unit: 160 acres, at $112/acre

Hettinger County:

  • parcels: 15
  • bonus / acre:
    • range: $7 - $31
  • bidders: Aurora Energy, Northern Energy, Retamco Operating
  • largest unit: 80 acres, at $32/acre

McKenzie County:

  • parcels: 2
  • bonus / acre: $77, $91
  • bider: Iron Oil Operating
  • largest unit: both units were 160 acres;

Slope County:

  • parcels: 24
  • bonus / acre: $2 - $9
    • bidders: Ahmet Apaydin; Interwest Petroleum, RJA 3 (first mention on the blog?), 
    • Apaydin? See this post.
  • largest unit: 160 acres at $9 / acre

Stark County:

  • parcels: 3
  • bonus/acre: $19, $51, $68
  • bidders: B J Kadrmas, Northern Energy,
  • largest unit: 79.81 acres at $19 / acre

Williams County:

  • parcels: 8
  • bonus / acre: $93 - $187
    • bidders: Northern Energy, Lonetree Energy
  • largest unit: 160 acres at $183

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