At the height of the U.S. oil boom, less than a year ago, it wasn’t uncommon for an oil company to pay over $10,000 an acre to drill on state land in North Dakota’s Bakken oil field. But since oil prices have crashed, so has that mineral windfall.
As Emily Guerin from Here & Now contributor Inside Energy reports, recent state mineral auctions in North Dakota have seen the lowest prices since the oil boom began in 2007.
Reporter
- Emily Guerin, reporter for Inside Energy, based in Bismarck, North Dakota. She tweets @guerinemily.
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