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CP Energy Inc., of Lafayette, La., and Slawson Exploration Co., of Wichita, Kan., together bid $6.7 million for leasing rights on a 1,523-acre parcel in Mountrail County. - Friday, April 17, 2009

The Bureau of Land Management says its most recent sale of oil and gas leases in Montana and North Dakota totaled more than $13.7 million.  BLM officials say CP Energy Inc. of Lafayette, LA, and Slawson Exploration Co. of Wichita, KS, together bid $6.7 million for leasing rights on a 1,523-acre parcel in Mountrail County.

Missouri Royalty Corp. of Bismarck had the highest per-acre bid of $4,900 for a 992-acre parcel in Mountrail County.  Of the 67 parcels offered, 51 were in Montana and 16 in North Dakota.  BLM says all 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.


For more information visit: HTTP://www.kfyrtv.com/News_Stories.asp?news=29274

 

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