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May 4, 2017 - State O/G Mineral Lease Auction

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May 4, 2017 - State O/G Mineral Lease Auction
« on: December 09, 2016, 04:32:47 PM »
Current mineral lease nominations by county.

Arenac          19N-3E Sec 2   19N-4E Sec 6   20N-3E Sec 35,36

Clare            17N-6W Sec 33

Iosco            21N-6E Sec 35

Kalamazoo   3S-10W Sec 22

Kalkaska      Unknown

Marquette    44N-27W Sec 16

Menominee  37N-27W   38N-28W

Montmorency  32N-2E Sec 3

Otsego        30N-2W Sec 4   

Re: May 4, 2017 - State O/G Mineral Lease Auction
« Reply #1 on: April 14, 2017, 11:38:39 AM »
Auction trimmed to 5 counties:    Arenac-14, Clare-1, Iosco-1, Kalamazoo-2,
                                             Montmorency-2, 20 total leases and 1,850 acres.

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hobojo

  • 653
Re: May 4, 2017 - State O/G Mineral Lease Auction
« Reply #2 on: April 17, 2017, 04:17:28 PM »
Edwards thanks for the updates. EFs OVA may be close to being OVA

Re: May 4, 2017 - State O/G Mineral Lease Auction
« Reply #3 on: June 16, 2017, 04:32:01 PM »
18 of 20 leases bid. No bids on Montmorency leases.
Savoy Energy took all 14 leases in Arenac for $30/acre. Western Land took 2 leases in Kalamazoo: 3S-10W Sec 3 (40 ac.) for $200/acre and 4S-10W Sec 22 (10 ac.) for $10/acre.

1,529.78 acres leased. $54,519.56 paid for leases. 4 bidders.