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BLM lease sale nets $1.1 million

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.

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