Cody Pays High Bid of $331/Acre For Williams County Tract
Cody Exploration LLC of Bismarck was the highest bidder, paying $331 an acre for a 150-acre tract in Williams County, at the Dec. 18 Bureau of Land Management oil and gas lease sale, which pulled in total bonuses of $171,639 for leases on 18,788 acres in North Dakota and Montana.
Bids averaged $14.40/acre.
The high bid parcel was located in Sec. 18, T159N-R98W, which racked up total bonuses of $49,981.
The second highest bid came from Glacier Land Services LLC of Centennial, CO, which posted a high bid of $52/acre for 623 acres in sections, 7, 17, & 18, T160N-R102W in Divide County.
Continental Resources posted a high bid of $27/acre for 440 acres in Richland County, MT in Sec. 29, T27N-R54E. The company also came in with a bid of $24/acre in the same county for 1,471 acres in sections 7, 8, 9, 17, 20, & 21, T27N-R54E.
Rockall Agent Corp. of Dallas posted a high bid of $22/acre for 160 acres in Burke County in Sec. 3, T162N-R91W.
Missouri River Royalty Corporation of Bismarck paid $9/acre for 2,280 acres in Richland County, in sections 15, 22, 23, and 24, T27N-R54E, and also paid $8/acre for 322 acres in the same county in sections 1, 2, 3, 4, & 9, T26N-R55E.