State oil and gas lease auctions in 2019 see mostly minimum bid prices paid

摘要

LANSING, Mich.—The Michigan Department of Natural Resources' Office of Minerals Management conducted oral bid auction sales of oil and gas lease rights to state-owned minerals on May 7 and Oct. 30,2019, with a cumulative total of 7,670.62 acres successfully bid for a total bonus bid of $79,630.