I doubt if anyone thinks there were any surprises at the state auction today. The top bid, and only one over $1K/acre, went to Northern Oil for 80 acres in sec. 8, 152N, 91W, Mountrail Co., where they paid $2,150/acre. Three other tracts in the same general area went for $500-600, which were the only other tracts available in the county. The area is about six miles west/southwest of current activity in Parshall Field, and Slawson has several wells planned in the immediate area.
Other highlights include Ward Co. with bids generally ranging in the $200-300 range in the overall area of T.152-156, R.85-87. The high bid in the county was $380 and went to Cody Oil.
Acreage in McLean Co, in the overall area of T.148-150, R.87-90, went for about $150-500, with the high bid of $570.
Dunn Co had a number of tracts in the east central part of the county in the general area of T.144-145, R.91-92, that for the most part were in the $350 range. The high bids in the county were for some isolated Missouri River tracts in T.149, R.92, that went for $575/acre.