Showing posts with label LeaseSales. Show all posts
Showing posts with label LeaseSales. Show all posts

Thursday, May 9, 2024

Auction Results -- Posted Without Comment -- A Screenshot Is Worth 1,000 Words -- February, 2024, Auction

Locator: 10001Lease2/24.

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.

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

Link here.

Bonuses: 

  • typical bonuses are $2 / acre, no typo $2 / acre
  • this is typical, the bonuses paid are in the far right column, per acre:

But then, look at this, this is in Williams County, $10,000 to $14,000 / acre:

The acreage:

  • N2NE4 - section 25-155-99 -- 40 acres =     $404,480.00
  • NE4 -- section 36-155-99 -- 80 acres =      $1,004,480.00
  • NW4 -- section 36-155-96 -- 80 acres =     $1,160,160.00
  • SE4 -- section 36-155-99 -- 80 acres =         $960,880.00
  • SW4 -- section 36-155-99 -- 80 acres =     $1,022,240.00

            Total: $4,552,240.00 

The maps:


 


Well of interest:

  • 20398, 115, Gadeco, Golden 25-36H, Epping, t5/12; cum 267K 8/23; off line;

Wednesday, September 13, 2023

Quarterly Lease Sales -- August 2023

Locator: 10001Lease8/23.

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.

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

Link here.

Billings County

  • ten units
  • mostly 160-acre units
  • bonuses: $2 / acre
  • bidders: Missouri River Royalty Corp

Burke County

  • six units
  • mostly 160-acre units
  • bonus: $256 to $1,112 (the latter for a 40-acre unit)
  • bidders: various, including Phoenix, Norra, Missouri River

Divide County

  • twenty units
  • split between 80-acre and 160-acre units
  • bonus: around $21
  • bidders: almost all Missouri River Royalty

Dunn County

  • two units
  • both were 80-acre units
  • bonus: $902 and $1,202
  • bidder: both Phoenix Capital Group Holdings

McKenzie County

  • twenty units
  • all 160-acre units
  • bonus: all less than $30; about half less than $5
  • bidder: all Missouri River Royalty

Mountrail County

  • two units
  • both 17-acre units
  • bonus: $1,928 and $1,970
  • bidder: both Phoenix Capital Group Holdings

Stark County

  • ten units
  • almost all 80-acre units
  • bonus: all less than $35

Williams County

  • eight units
  • 20-acre, 40-acre, 60-acre, and 80-acre units
  • bonus: around $125
  • bidder: Okreek Oil & Gas (6); Missouri River Royalty and Anderson Oil Ltd

Thursday, March 23, 2023

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.

Saturday, November 5, 2022

Quarterly Lease Sales -- November, 2022

Link here.

I've been following these quarterly leases a long, long time. In terms of the number of leases, this is the largest lease in quite some time. The Triple T, Inc, dominates in number of parcels.

Note: Ward County (Minot); ten years ago I was told that Ward County would be a surprise.

Flashback from May, 2019:Observations:

  • this was a most active auction in terms of number of tracts, and counties involved
  • look at Ward County, 91 tracts: years ago I was told by a "hotshot" driver that there was a river of oil all the way to Minot; I remember that quote well, and exactly when/where I heard it
  • 41 tracts in Billings County
  • I assume Triple T has been around before but Triple T was really, really active this auction
  • I don't know for whom Triple T is buying but I have my "suspicions" 
  • it's hard to believe that after all these years, the state of North Dakota still has acreage to sell/lease
Link here. May, 2019 -- online.

Now, back to the November, 2022, lease sales results.

Billings:

  • six parcels
  • all Northern Energy Corporation except on Norra Resources
  • 40- and 80-acre parcels; two went for $121 and $126 / acre bonus

Burke:

  • ten parcels
  • most of them Northern Energy; also, Norra Resources, Interwest Petroleum Corp
  • all 80-aree parcels; all went for less than $30 / acre bonus

Divide:

  • nine parcels
  • Northern Energy (3); Hunt Oil (3); Phoenix Captital (2), Anderson Oil Ltd
  • mostly 80-acre parcels; one went for $504 / acre bonus;

Golden Valley:

  • one parcel;
  • Yockim Resource Exploration
  • an 80-acre parcel; $52 / acre bonus

McKenzie:

  • six parcels
  • Northern Energy (4); Phoenix Capital; Iron Horse Royalties
  • a few parcels above $400 / acre bonus but then mostly small bonuses

Mountrail:

  • eighty-nine parcels
  • the bulk of these parcels went to The Triple T, Inc;
  • others: Phoenix Capital Group; Iron Horse, Royalties; Advanta Resources; Lynx Oil;
  • mostly $1.00 / acre; some around $250 / acre bonus;

Ward:

  • two-hundred-eleven
  • almost all The Triple T, Inc
  • Leomac, LLC (4);
  • mostly $1.00 / acre bonus
  • a few as high as $556 / acre bonus

Thursday, August 11, 2022

Quarterly State Land Lease Sales -- August, 2022

Done quickly; didn't proofread; there will be content and typographical errors; if this is important to you, go to the source.

Link here.

August, 2022.

Billings County:

  • eleven parcels
  • 80- and 160-acre parcels
  • Iron Horse Royalties; Northern Energy Corp
  • range:
  • lowest: $2 / acre
  • highest: $180 / acre

Burke County:

  • twenty-eight parcels
  • all Northern Energy except one Lynx Oil Company
  • 40-, 80-, and 160-acre parcels
  • lowest: $2 / acre
  • highs: $757 / acre

Divide County:

  • forty-one parcels;
  • all Northern Energy except one Norra Resources
  • lowest: $2
  • highest: $136

Dunn County:

  • four parcels
  • Beta Land Services (3) Phoenix Capital Group; Dasinger/Kaleb
  • lowest: $2
  • highest: $902 / acre for an 80-acre parcel

McKenzie County:

  • nine parcels
  • Northern Energy (5); Slawson Exploration (2); Bakken Production;
  • lowest: $40;
  • highest: $502 / acre for an 8-acre parcel;
    • SW4, 147-99028, Dasinger, Kaleb

McLean County:

  • number of parcels: too numerous to count
  • all bought by The Triplet T, Inc., except one parcel by Advanta Reesources
  • 40-, 80-, and a few 160-acre parcels
  • all for $1 and $2 except one parcel for $5 and one parcel for $56
  • lowest: $1 / acre
  • highest: $56 / acre

Mountrail County:

  • number of parcels: too numerous to county
  • mostly The Triplet, Inc; some Advanta Resources (6);
  • mostly 80-acre parcels:
  • lowest: $2 / acre
  • highest: $360 / acre

Stark County:

  • eight parcels
  • all BJ Kadrmas except two Northern Energy Corp

Ward County:

  • number of parcels: too numerous to county
  • all: The Triplet T
  • mostly 80-acre parcels, but a lot of smaller parcels
  • lowest: $1 / acre
  • highest: $2 / acre

Williams County:

  • ten parcels
  • Northeern Energy (4); Phoenix Capital Group (3); Norra Resources (3)

Monday, July 11, 2022

Chord Energy -- July 11, 2022

Chord Energy (Whiting + Oasis) is tracked here. First corporate presentation.

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:

Wednesday, June 8, 2022

ND Oil & Gas Auction Details -- May, 2022

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

Link here. 

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

Monday, February 7, 2022

Quarterly North Dakota Lease Sales -- February, 2022

Link here.

Billings County:

Bottineau County:

Divide County:

  • 16 parcels
  • mostly 80-acre and 160-acre parcels
  • max per acre: $320
  • least per acre: $22

Dunn County:

  • four parcels
  • 80 / 160 / 80 / 160
  • $51 / $81 / $141 / $180
  • 160 acres, 141-97-16 NE 4: $180 / acre for 160 acres;

McKenzie County:

  • five parcels
    • 80 / 80 / 108 / 29 / 2 acres
    • $127 / $151 / $$501 / $3,002 / $5,000
  • 2.02 acres, 153-102-28: Missouri River in NW 4: O&G Power LLC: $5,000 / acre for 2.02 acres
  • 29.15 acres, 153-102-28, Missouri River in NW 4: Phoenix Capital Group: $3,002 / acre for 29.15 acres

Stark County:

Friday, January 14, 2022

North Dakota "Federal" Oil -- Judge Rules Against The State -- Lease Sales Won't Be Held -- January 14 , 2022

This should tell you all you need to know how concerned Joe Biden and his SecEnergy are with regard to high price of gasoline. As an investor, I'm lovin' it. It will have minimal to no effect on price of oil but it keeps more oil off the market. Remember, operators can turn on a dime when it comes to producing oil from shale in North Dakota.

Link here.

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;

Thursday, May 27, 2021

ND State Mineral Quarterly Lease Sales -- May, 2021

Link here. 

Burke County:

  • parcels: 8
  • bonus/acre:
    • range: $112 - $351
  • bidders: Liberty Resources, Iron Horse Royalties, Norra Resources, Northern Energy, Rockall Energy;
  • largest unit: 160 acres, at $112/acre

Hettinger County:

  • parcels: 15
  • bonus / acre:
    • range: $7 - $31
  • bidders: Aurora Energy, Northern Energy, Retamco Operating
  • largest unit: 80 acres, at $32/acre

McKenzie County:

  • parcels: 2
  • bonus / acre: $77, $91
  • bider: Iron Oil Operating
  • largest unit: both units were 160 acres;

Slope County:

  • parcels: 24
  • bonus / acre: $2 - $9
    • bidders: Ahmet Apaydin; Interwest Petroleum, RJA 3 (first mention on the blog?), 
    • Apaydin? See this post.
  • largest unit: 160 acres at $9 / acre

Stark County:

  • parcels: 3
  • bonus/acre: $19, $51, $68
  • bidders: B J Kadrmas, Northern Energy,
  • largest unit: 79.81 acres at $19 / acre

Williams County:

  • parcels: 8
  • bonus / acre: $93 - $187
    • bidders: Northern Energy, Lonetree Energy
  • largest unit: 160 acres at $183

Wednesday, February 17, 2021

ND State Mineral Lease Sales -- February, 2021

Link to auction site here.

February, 2021, online auction results.

Burke County:

  • three parcels
  • each parcel 80 acres
  • bonus:
    • low: $103/acre
    • high: $130/acre

McKenzie County:

  • three parcels
  • each parcel 160 acres
  • bonus:
    • low $19/acre
    • high: $7/acre

Monday, November 23, 2020

Quarterly Land Lease Sales For November, 2020, Posted

Link here. Sparsest sale I've seen since the boom began.

McKenzie County.

Williams County.

  • four lots (the entire section 36 except for 160 acres in S2-36-102-36) (for more on this, see this post)
    • NW4, 159-102-36
      • bidder: Lone Tree Energy
      • 160 acres
      • $24/acre
    • SE4, 159-102-36
      • bidder: Lone Tree Energy
      • $25/acre
      • 80 acres
    • NE4, 159-102-36
      • bidder: Lynx Oil
      • just slightly less than 160 acres
      • $26/acre
    • SW4, 159-102-36
      • bidder: Lynx Oil
      • 80 acres
      • $26/acre

Monday, August 31, 2020

NDIC Quarterly Lease Sale Results -- August, 2020

For the August, 2020, nominations, see this post. 

Results of the August, 2020, ND lease sales, link here. Summary below.

For more on Levi Sap Nei Thang, see this post. Also, at that same post, look at the screenshot/photograph and see the connection to Myint.

Disclaimer: in a long note like this there will be content and typographical errors, but it gives one a pretty good idea of what's going on with leases in the Bakken.  

Billings County:

  • 29 tracts
  • Bidders: most were Northern Energy Corp; then NP Resources, LLC; others: Levi Sap Nei Thang;
  • Most tracts: 160 acres; several 80-acre tracts;
  • Bonuses: most in the low teens, below $10; highest, a 160-acre tract with a bonus of $28/acre

Burke County:

  • 57 tracts +/-
  • Bidders: North Energy Corp; Levi Sap Nei Thang; Angie Kennard; Okreek Oil and Gas LLC; Myint Myint Swe; Rockall Energy; Iron Horse Royalties;
  • Most tracts: 80 acres; several 160-acre tracts;
  • Bonuses: most below $30; many in teens or lower; highest bid was $51/acre for a 4-acre tract Angie Kennard;

Divide County:

  • 87 tracts
  • Bidders: Okreek Oil and Gas, LLC; Northern Energy Corp; Levi Sap Nei Thang; Anderson Oil Ltd; Norra Resources; Lynx Oil Company; La Brea Minerals, LLC;
  • Tracts: mostly 80-acre tracts;
  • Bonuses: most in the $30 - $50 range; highest big, an 80-acre tract for $82/acre; Lynx Oil Company;

Dunn County:

  • 28 tracts
  • Bidders: Iron Horse Royalties, LLC; Okreek Oil and Gas LLC; Levi Sap Nei Thang; Lynx Oil Company; Northern  Energy Corporation; Woodstone Resources, LLC;
  • Tracts: mostly 80-acre tracts;
  • Bonuses: $20 - $50; highest bid, $87/acre for an 80-acre tract; Lynx Oil Company;

McKenzie County:

  • 51 tracts;
  • Bidders: Buffalo Holdings, LLC; Okreek Oil and Gas, LLC; Anderson Oil Ltd; Yockim Resource Exploration Co.; La Brea Minerals, LLC; Empire Oil Company; NP Resources, LLC; North Range Resources, LLC; Levi Sap Nei Thang;
  • Tracts: mostly 160-acre tracts
  • Bonuses: $50 - $150; highest bid, $302/acre; a 118-acre tract; Buffalo Holdings, LLC;

Mountrail County:

  • 33 tracts
  • Bidders: Lynx Oil Company; La Brea Minerals, LLC; Northern Energy Corp; Okreek Oil and Gas, LLC; Iron Horse Royalties, LLC; Norra Resources; The Triple T, Inc.;
  • Tracts: 40-acre to 160-acre; quite a variation in size of tracts;
  • Bonuses: mostly $150 - $300; highest bid, $334/acre; a 40-acre tract; Lynx Oil Company;

Williams County:

  • 6 tracts
  • Bidders: Northern Energy Corporation; Okreek Oil and Gas, LLC;
  • Tracts: four 160-acre tracts and two 80-acre tracts
  • Bonuses: $70 - $168; highest big, $168/acre, Okreek Oil and Gas, LLC for a 160-acre tract

Wednesday, July 22, 2020

North Dakota Mineral Lease Sale, Tracts Posted -- July 28, 2020

ND mineral lease July 28.

Note: in a long list like this, there will be content and typographical errors. If this is important to you, go to the source.

That will load as a PDF: seven pages of tracts.

By acreage per county:
  • Billings County: 3,572.43 acres
    • most tracts: 80- and 160-acre 
    • nominator: Northern Energy Corporation, all tracts
  • Burke County: 4,485.45 acres
    • most tracts: 80 acres
    • nominator: Northern Energy Corporation, all tracts 
  • Divide County: 6,837.72acres
    • most tracts: 80 acres
    • nominator: Northern Energy Corporation, all tracts
  • Dunn County: 2,147.67 acres
    • most tracts: 80 acres
    • nominator: Northern Energy Corporation, all tracts
  • McKenzie County: 6,952.02 acres
    • most tracts: 160 acres
    • nominator: Northern Energy Corporation, all tracts 
  • Mountrail County: 2,776.86 acres
    • most tracts: 40- , 80-, and 160-acres
    • nominator: Northern Energy Corporation, all tracts 
  • Williams County: 800 acres
    • tracts: four 160-acre tracts and two 80-acre tracts
    • nominator: Northern Energy Corporation, all tracts 
Total: 27,572.15 acres

At an average $500/acre = $14 million.

*************************************
Sophia Biking 

"Hundred-degree weather."

 

Tuesday, February 11, 2020

Oil & Gas Auction Detail -- February, 2020

Link here.
  • Billings County:
    • two parcels
    • 80-acres each
    • bonus: $15 and $17/acre
    • Northern Energy, both
  • Burke County:
    • two parcels
    • 73 acres and 80 acres
    • bonus: $17 and $18/acre
    • Northern Energy; Norra Resources
  • Divide County:
    • five parcels
    • four 80-acre parcels; one 160-acre parcel
    • bonuses: $71; $226; $228; $251; $251
    • Northern Energy (3), Diamond Resources (2)
  • Dunn County:
    • two parcesl
    • both 8-acre parcels (no typo)
    • bonus: $76/acre for both
    • Advanta Resources; Norra Resources;
  • Hettinger County:
    • one parcel
    • one 80-acre parcel
    • bonus: $16/acre
    • B J Kadrmas Inc
  • McKenzie County:
    • 24 parcels
      • 80-acre parcel: eight
      • 160-acre parcels: sixteen
    • bonuses:
      • low:$13/acre
      • $134/acre
      • most were in the $60-bonus range
    • bids
      • North Range Resources: 12
      • Dasinger Kaleb: 5
      • Beta Land Services: 4
      • Northern Energy: 2
      • Norra Resources: 1

Sunday, December 29, 2019

BLM Quarterly Lease Sales -- December, 2019, Sale

This is not the North Dakota quarterly lease sales. This is the BLM quarterly sales.

From The Minot Daily News:
A Bismarck company was the highest bidder in the Bureau of Land Management Montana-Dakotas oil and gas lease sale held online December 18, 2019.
Cody Exploration LLC had a total bid of $50,377.50 for a 150.14-acre parcel in Williams County.
The BLM raised $191,912.50 in its quarterly oil and gas lease sale. Nearly 50 percent of the revenue from the sale will go to the states where the oil and gas activity occurs, in this case Montana and North Dakota, while the rest will go to the U.S. Treasury.
For this sale, BLM offered 20 parcels covering nearly 18,900 acres in Montana and North Dakota for oil and gas leasing through the competitive online auction. There were 23 registered bidders. Fourteen parcels received bids.
The BLM generated a record $1.1 billion from 28 oil and gas lease sales in fiscal year 2018.
I didn't think there was much BLM land in Williams County; this might have been along the ND/Montana state line where there is a bit of BLM land.

So, the Cody Exploration bid:
  • $50,378 / 150 acres = $335 / acre in Williams County
Not all of the 18,900 acres received bids. So, we can't get a good figure for bonus per acre paid overall, but, let's do this:
  • 20,000 acres / 20 parcels = 1,000 acres/parcel 
  • 14 parcels received bids; let's assume 14,000 acres
  • $191,912 / 14,000 acres = $13/acre which seems about right based on North Dakota's quarterly lease sales
Cody Exploration has rarely been mentioned on the blog in the past. 

Wednesday, November 6, 2019

Quarterly Lease Sales Results For North Dakota Have Been Posted -- Northern Energy Buying North Dakota -- November, 2019

Quarterly lease sales results have been released for November, 2019. Link here.

Note: no parcels sold in Mountrail County or Dunn County.

Northern Energy Corporation headquarters in Bismarck, ND.

Disclaimer: I do this quickly. There will be typographical and factual errors. If this is important to you, go to the source. 

Billings:
  • 46 parcels, more or less
  • most parcels, 40-acres, 80-acres; and, 160-acres
  • low bids overall, but best bonus: $366/acre, 40 acres, Norra Resources, LLC, section 26-144-98
  • all parcels except five went to North Energy Corporation  
  • one parcel to Douglas Morton
  • three parcels to Norra Resources, LLC
  • one parcel to Petro-Hunt, LLC
Burke:
  • 18 parcels
  • most parcels 40-acre, 80-acre, and 160-acre
  • most parcels for $2.00/acre
  • best bonus:  $206/acre for two separate parcels
  • 1.72 acres, section 29-91-162
  • 10 acres, section 29-91-162
  • all parcels except four went to North Energy Corporation
  • one parcel to Lynx Oil Company
  • one parcel to Douglas Morton
  • two parcels to Norra Resources, LLC
Divide:
  • 3 parcels
  • every parcel: 80 acres
  • bonus: $26/acre (2); and, $36/acre (1)
  • all parcels went to Northern Energy Corporation
McKenzie:
  • 21 parcels
  • almost all parcels were160 acres
  • bonuses as low as $2.00
  • best bonus: $512/acre -- 7.47 acres in section 18-146-98
  • all parcels except one went to North Energy Corporation
  • one parcel went to Lynx Oil Company
Williams:
  • 8 parcels 
  • 77 acres to 160 acres
  • best bonus: $663/acre -- SE4-section 34-158-96
  • every parcel: Northern Energy Corporation

Friday, August 16, 2019

Bonus: $16,000 / Acre -- Eagle Nest Oil Field -- Dunn County

See this post for background.

From that post:
Dunn County
  • 4 parcels
  • all parcels bought by Enerplus Resources
  • parcel size: 160 acres (2); 75 acres (2)
  • bonus paid: $15,776 / acre
  • parcels:
    • Lots 1, 2 - section 16-148-95
    • NW4 - section 16-148-95
    • Lots 3, 4 - section 16-148-95
    • SW4 - section 16-148-95
The graphic:


The wells in the graphic:
  • 25210, 2,789, Bruin, Fort Berthold 148-95-22C-15-5H, Eagle Nest, t4/14; cum 384K 6/19; showed significant jump in production, 6/17;
  • 25209,
  • 25208, 2,7149, Bruin, Fort Berthold 148-95-22C-15-4H, Eagle Nest, t4/14; cum 318K 6/19; showed several moderate-to-significant jump in production since it was first completed;
  • 25207, 2,219, Bruin, Fort Berthold 148-95-27B-34-4H, Eagle Nest, t5/14; cum 275K 6/19;
  • 26323, 3,138, Bruin, Fort Berthold 148-95-22C_15-9H, Eagle Nest, t4/14; cu 449K 6/19;
  • 26322, 3,317, Bruin, Fort Berthold 148-95-27B-34-8H, Eagle Nest, t4/14; cum 389K 6/19;

  • 22531, 754, Enerplus, Emerald 148-95-03A-10H, Eagle Nest, t10/12; cum 289K 6/19; a steady Eddy that suggests easily a doubling of the EUR if it were re-completed with current completion strategies;


  • 22300, conf, Bruin, FB Belford 148-95-22D-15-2T, Eagle Nest; Bruin must have gotten tired of typing out "Fort Berthold"; now abbreviate it, "FB" (no, it does not stand for FaceBook)
  • 18969, 802, Bruin, Fort Berthold 148-95-27A-34-1H, Eagle Nest, t9/12; cum 306K 4/19; went off line 4/19; a steady Eddy that suggests easily a doubling of the EUR if it were re-completed with current completion strategies;
  • 22301, conf, Bruin, FB Belford 148-95-22D-15-3B, Eagle Nest; look how old this permit is;
  • 18968, 875, Bruin, Fort Berthold 148-95-22D-15-1H, Eagle Nest, t9/12; cum 308K 4/19; went off line 4/19; a steady Eddy that suggests easily a doubling of the EUR if it were re-completed with current completion strategies;
  • 36307, drl, Bruin, FB Belford 148-95-22D-15-6T, Eagle Nest;
  • 22298, IA/1,095, Bruin, FB Belford 148-95-22D-15-6T, Eagle Nest; t10/12; cum 223K 6/19; offline as of 2/19;
  • 36306, drl, Bruin, FB Belford 148-95-22D-15-7B, Eagle Nest;
  • 36305, loc, Bruin, FB Belford 148-95-22D-15-8T, Eagle Nest;
  • 36304, loc, Bruin, FB Belford 148-95-22D-15-10B, Eagle Nest;
  • 36303, loc, Bruin, FB Belford 148-95-22D-15-13T-LL, Eagle Nest;
  • 36302, loc, Bruin, FB Belford 148-95-22D-15-14B-LL, Eagle Nest;
  • 22299,