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Title : Results Of State Lease Auction -- November 6, 2018
link : Results Of State Lease Auction -- November 6, 2018

Results Of State Lease Auction -- November 6, 2018

This was done quickly. The usual disclaimer applies. This has not been double-checked for accuracy. Go to source of information if this is important to you. 

State lease auction, November 6, 2018:  link here. Quick note from Oil Patch Hotline --

Missouri River minerals draw High ND bidding .Missouri River acreage in Dunn County pulled high bidding totaling $1.9 million with the highest bid of $6,000 posted for 15 acres at the Nov. 6 North Dakota oil and gas lease state sale...

Bowman County: one tract

• bonus: $5
• 80-acre tract

Burke County: one tract

• bonus $15 
• 76.61-acre tract

• Dunn County: about 94 tracts -- most tracts I've seen since the early days of the boom
• bonus: range from $2 to $6,000 but most in the low 3-figures
• tracts: as small as 0.02 acres but mostly 20 to 160 acres
• bidders: "almost everyone" -- Slawson; Dasinger, Kaleb; Grey Rock Energy Partners; Northern Energy; Skyworld Oil; Norra Resources; Lynx Oil; Texas Independent Exploration; Interwest Petroleum; Iron Horse Royalties; Nick Lambert; Advanta Resources; others
• buy the way, that 0.02-acre tract went for $2.00/acre which suggests the bonus paid was 4 cents (see screenshot below)

McKenzie County: one tract

• bonus: $160
• 160-acre tract

Mountrail County: two tracts

• bonus: $122/acre and $5,201/acre
• one 28.20-acre tract
• one 40-acre tract

https://ift.tt/2dZyQXu

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