Demand wanes in May O&G lease auctionsND posts second lowest oil and gas lease average since 2007; only three tracts offered and leased in Montana/Dakota BLM auction Mike Ellerd Petroleum News Bakken
As Petroleum News Bakken reported in the May 10 biweekly news summary, the 23,146 acres leased in North Dakota Department of Trust Lands’ May 5 auction brought in an average of $76.60 per acre. While that is slightly better than the February auction average of $64.21, it is the second lowest average....
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BLM May auction June Montana auction
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