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State mineral auction pulls in $4.8 million

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BISMARCK -- With more than 54,000 mineral acres up for grabs Tuesday, oil and gas companies shelled out more than $4.8 million for the rights to drill into state-owned land.

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But the last auction by the North Dakota Department of Trust Lands in May had only 14,800 acres on the auction block and grossed more than $13.1 million.

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Mike Nowatzki
Mike Nowatzki reports for Forum News Service. He can be reached at (701) 255-5607.
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