Thursday, February 7, 2008

State Lease Sale Results For February

A lot of tracks this time on the fringe of the play in Mercer Co.

Only two tracks in Mountrail Co., both in sec. 19, 152N, 91W, and they both went for $3,650/acre and purchased by Rick Slagle.

Only one tract in McKenzie Co, sec 15, 151-96, went for $1,180/acre.

Six tracks in northern Dunn Co., in 146-93 to 148-95, went for about $600-800/acre.

A handful of tracts in McLean Co., all in 147-87, went for $1-6.

Mercer Co. had about 250 tracts with about half being in the $200-300 range and the rest in the under $100 range. The tracts went as far east as township 86W.

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