I own minerals that are currently unleased in Williams County, North Dakota, Township 159N-Range 100W and Township 154N-Range 101W. I’m currently in the process of leasing my minerals and need to know the market price for these leases. My family has leased these in the past, but have not in the past 5 years. I need some help from fellow mineral owners in the area, to make the right decision. Everyone’s help will be greatly appreciated. Have a great day. Thanks ND!
Chris:
The bonus amounts/acre in the ND State Auction are as follows: February 2011 Auction…Township 154N; Range 103 & 104W ($4500 - 4600/acre); November 2010 Auction…Township 159N; Range 101W ($2000/acre). Keep in mind, that these are state auction sale figures which will be much higher than you will receive. I have minerals in Township 157N; Range 103W but they were leased back in 2008 when bonuses were much cheaper than today’s rates. You might try to locate someone near your acreage for a current bonus rate or maybe someone on this board can provide the current lease rates.