Wednesday, April 23, 2025

Quarterly Lease Results -- February, 2025

Locator: 48485B.

Quarterly leases results, link here. At that link, scroll down to "auction results."

Quarterly lease results, February, 2025, link here. Below is a screenshot of part of page four (4) from a five-page report. The typical bonus for a mineral acre in the Bakken is in the $2 - $16 range. "Good" areas will get bonuses of $100 to $300. I seldom see bonuses greater than $1,000 per acre. That puts the bonuses in the screenshot below in perspective. 

The parcels: under the Missouri River, Williams County and McKenzie County.

Let's take a look at section 25-154-101: see maps below.

83.53 acres * $30,098 / acre = $2,514,086 for the parcel.

Wells of interest:

  • 18311, AB, Grayson Mill, Williston 25-36 1H, Catwalk, t12/09; cum 369K 7/23;
  • 39366, drl/A, Grayson Mill, Williston 25-36F XE 1H, Catwalk, t2/24 cum 313K 2/25; first full month production: 62,432;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-202524785877981238810933106950
BAKKEN1-2025311134711376170701460414476128
BAKKEN12-2024194142414290535242519646
BAKKEN11-20242479457969120681778717647140
BAKKEN10-2024311374113664195402961529279336
BAKKEN9-2024301275012765190772106620820246
BAKKEN8-2024311577215718227192532125141180
BAKKEN7-2024311741417419247553202931205824
BAKKEN6-20243024848248402943737742311686574
BAKKEN5-20243128253282653297933332321351197
BAKKEN4-20243035476354194163233771297644007
BAKKEN3-20243141380415265247434517248839634
BAKKEN2-20242629183295744648227343250882255
BAKKEN1-202428624326145084751443733056213811
BAKKEN12-20230000000
  • 39365, drl/A, Grayson Mill, Williston 25-36F 6H, Catwalk, t2/24 cum 222K 2/25; first full month production: 38,021;
  • 39364, drl/A, Grayson Mill, Williston 25-36F 5H, Catwalk, t2/24 cum 228K 2/25; first full month production: 33,228;
  • 39363, drl/A, Grayson Mill, Williston 25-36F 4H, Catwalk, t2/24 cum 235K 2/25; first full month production: 36,154;
  • 39362, drl/A, Grayson Mill, Williston 25-36F 3H, Catwalk, t2/24 cum 257K 2/25; first full month production: 45,320;
  • 39367, drl/A, Grayson Mill, Williston 25-36F 2H, Catwalk, t2/24 cum 247K 2/25; first full month production: 45,792;

The maps: