Quarterly Lease Sales -- March, 2023

Locator: 10001Lease3/23.

Note: this was done quickly; not proofread and not double-checked; there will be content and typographical errors. If this is important to you, go to the source.

This is definitely a different format.

North Dakota Trust Lands -- front page; start here.

Link here.

Highest bonus:

• $160.00 / acre: 251 acres; Northern Energy, 159-103; Williams County;
  
• $160.00 / acre: 132 acres; LoneTree Energy, 159-103; Williams County;
• $160.00 / acre: 351 acres; Phoenix Capital Group, 159-103; Williams County;
• $160.00 / acre: 433 acres; LoneTree Energy, 159-103; Williams County;
• $160.00 / acre: 426 acres; SoloCorp, 159-103; Williams County;
• $160.00 / acre: 189 acres: Five States Energy, 138-99; Stark County;
  
• $160.00 / acre; 10 acres; InterWest Petroleum; 138-99; Stark County;
• $160.00 / acre; 6 acres; InterWest Petroleum; 138-99; Stark County;
• $160.00 / acre; 6 acres; InterWest Petroleum; 135-106; Slope County;
  
• $160.00 / acre; 6 acres; InterWest Petroleum; 135-106; and,
• a dozen more at $160 / acre.

Largest blocks at $160 / acre:

• $160.00 / acre: 503 acres; Phoenix Capital Group, 161-102; Divide County;
  
• $160.00 / acre: 501 acres; Northern Energy; 161-102; Divide County;
• $160.00 / acre: 455 acres; LoneTree Energy; 161-102; Divide County;
• $160.00 / acre: 455 acres; LoneTree Energy; 161-102; Divide County;
• $160.00 / acre: 433 acres; LoneTree Energy, 159-103; Williams County;
  

Largest block:

• $80 / acre: 1,010 acres; Phoenix Capital Group; 147-99; McKenzie County;
  

Note: $160 / acre x 500 acres = $80,000.

• EUR:
• one million bbls / 1280 acres
• 800 bbls / acre
• 800 bbls x $50 / bbl = $40,000 / acre
• $40,000 / acre x 800 bbls / acre = $32 million
  

Note: I often make simple arithmetic errors.