BLM Oil Lease Sale Nets $7.35 Million
Following an injunction from the Western District of Louisiana, the Bureau of Land Management Montana/ Dakotas State Office conducted a lease sale offering 23 parcels totaling 3,405.8 acres in Montana and North Dakota last week.
Nineteen parcels were sold for a total of $7,354,562. Whiting Oil and Gas Corporation of Denver, Colo., was the highest bidder, with a total bonus bid of $2,346,485,50