70-Acre Parcel In Mountrail County "Goes For" $35,000 Per Acre -- July 11, 2022

See these posts for maps:

• the 68.53-acre parcel:
• the Sinclair / Oasis wells to the north
• the CLR wells to the north
• the nineteen parcels; 
• the BLM National NEPA Register;
  

Chord Energy (Whiting + Oasis) is tracked here.

Headline, July 6, 2022: Whiting tops the bidders in Montana / Dakotas oil and gas lease sale. Link here.

Note: these are not the quarterly North Dakota state lease sales. These are federal BLM sales.

From the linked article:

• Whiting: high bidder in the BLM's Montana / Dakotas oil and gas lease sale
• total BLM sale:
• 19 parcels
• $5.354 million
• Whiting
• $2.346 million
• a 68.53 acre parcel in Mountrail County
• back-of-the-envelope: $2.436 million/ 68.53 acres = $35,550 / acre.
• rivals anything we've seen in the Permian
• first BLM sale to implement the increased royalty rate of 18.75 percent
• prior: 12.5%
• new rate took effect on / about July 1, 2022.
• more on these lease sales at: https://eplanning.blm.gov/eplanning-ui/project/2015346/510.