Producers Pay Big Bucks for Acreage in Core of Bakken Oil Play

摘要

Companies eager to tap into the oil-rich Bakken/Three Forks formation shelled out a total of $66.3 million for the rights to drill on land in North Dakota and South Dakota during a recent federal lease sale. The Bureau of Land Management leased a total of 32,200 acres for an average price of $2,059/acre at the July sale.