State mineral auction pulls in $4.8 million
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.
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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