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Friday, November 5, 2021

ND State Mineral Quarterly Lease Sales -- November, 2021

Link here.

Bottineau County:

  • one tract
  • JBLS Montana Inc,
  • 80 acres
  • $104/acre

Burke County:

  • eight tracts
  • eight 80-acre tracts
  • all Northern Energy Corporation
  • $5.00 to $15 / acre bonus

Divide County:

  • fourteen tracts
  • one forty-acre tract; the rest, eighty-acre tracts
  • Northern Energy; Lonetree Energy; Lynx Oil Company;
  • $41 to $207 / acre bonuses

McKenzie County:

  • eight tracts
  • two huge tracts: two tracts with very high bues
  • Bowline, Missouri River in SW4; 152-104-8; 41.89 acres at $3,253 / acre
  • Lynx Oil, Missouri River in NE4; 153-102-13; 11.15 acres at $1,982 / acre
  • the other six tracts, four with 160 acres and two with 80 acres; bonuses between $41 and $158
  • for these smaller tracts, bids won by Northern Energy Company (5), Norra Resources (1)

Sioux County (first time I've seen this county in the quarterly lease sales):

  • seven tracts
  • all bids won by Ronald hettich
  • mostly 80-acre tracts two 160-acre tracts
  • won with minimum bid of $1.00 / acre
  • will probable sell them to Zillow for $1,000 / acre

Williams County:

  • twenty-one tracts
  • 60- to 80-acre tracts for the most part
  • one 20-acre tract;
  • most in the $100 - $500 / acre range
  • one tract for $4,824 / acre, SE4SW4, 152-103-4, a 20-acre tract; won by Bowline Energy;
  • one tract for $3,851 / acre; N2NW4, SW4NW4; a 60-acre act, won by Bowline Energy;

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