BISMARCK, N.D. - The Bureau of Land Management says its most recent sale of oil and gas leases in Montana and North Dakota totaled more than $18.9 million.
BLM officials say Slawson Exploration Co., of Wichita, Kan., had the highest bid in Wednesday's sale: $3.5 million for leasing rights on a 1,358-acre parcel in North Dakota's Mountrail County. CP Energy Inc., of Lafayette, La., had the highest per-acre bid of $3,500. That was for a 580-acre parcel in McKenzie County, N.D.
Of the 71 parcels offered, 26 were in Montana and 45 in North Dakota. BLM says all but one of the North Dakota parcels drew bids. The agency says six parcels in Montana did not get bids. Competitive oil and gas lease sales are conducted at the BLM's Montana state office in Billings.