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BLM lease sale nets $1.1 million

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BLM lease sale nets $1.1 million
Dickinson North Dakota 1815 1st Street West 58602

The Bureau of Land Management sold 50 federal land leases totaling 15,469 acres Tuesday, netting more than $1.1 million in revenue, the BLM announced Wednesday in a press release.

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The highest per-acre bid of $9,900 came from Langham Petroleum for a 16.4-acre plot in McKenzie County.

The federal government and states share the revenue of the lease sales and the 12.5 percent royalty from the production of the leases.

Katherine Lymn
(701) 456-1211
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