Wednesday, June 8, 2022

ND Oil & Gas Auction Details -- May, 2022

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Billings:

  • eight winning bids
  • Iron Horse: 4
  • Northern Energy: 4
  • high bid: $322

Burke:

  • ten winning bids
  • Northern Energy: 5
  • Petro-Hunt: 4
  • Phoenix Capital Group: 1
  • high bid: $507

Divide:

  • three winning bids
  • Northern Energy: 3
  • high bid: $361

McKenzie:

  • Northern Energy: 4
  • high bid: $89

Mountrail:

  • thirty-eight winning bids
  • The Triple T, Inc: all 
  • high bid: $153; most in $2 range

Out (sic):

  • two winning bids
  • The Triple T, Inc: both
  • both bids: $2 each

Ward:

  • one-hundred-nine (+/-) winning bids
  • The Triple T, Inc: all
  • high bid: $49; but that was an outlier; most were $1 or $2 / acre

Williams:

  • eight winning bids
  • Missouri River Royalty Corp: 4
  • Lynx Oil: 2
  • Bakken Production, Inc: 1
  • Phoenix Capital Group: 1
  • high bid: $605 / acre

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