Oil, gas lease sale in Montana brings in $66.3 million
BILLINGS, Mont. -- Bonus bids for a total of 32,180 acres (19,292 acres in North Dakota and 12,788 acres in South Dakota) at the Bureau of Land Management's Tuesday oil and gas lease sale in Billings totaled $66.3 million, according to a BLM press release.
Two North Dakota parcels received the highest bid per acre at $8,800, which were submitted by Irish Oil and Gas of Bismarck and Continental Resources of Williston.
The highest single-parcel bid, submitted by Hess Corp. of Houston, was $6.2 million for a 723-acre parcel in Williams County. All 111 parcels offered for lease received bids, according to the BLM.