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Minerals Council has another lucrative lease sale

The Osage Minerals Council had yet another lucrative lease sale, selling more than $910,000 in oil and gas leases Feb. 16.

A crowd of more than 70 attended the OMC’s lease sale, held at the Wah Zha Zhi Cultural Center. The OMC’s previous lease sale, held at the Hyatt Regency in downtown Tulsa for its 10th Annual Osage Oil and Gas Summit Oct. 27, had more attendees but the Feb. 16 sale sold more than $45,460 in leases.

A total of 12,320 acres sold for $910,400 in oil and gas leases, which is an average of $73.90 per acre. A total of 160 acres sold for $2,750 in oil leases, which is an average of $17.19 per acre. The total acreage sold was 12,480 with a total sale of $913,150 in leases.


By

Osage News


Original Publish Date: 2011-02-24 00:00:00

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  • Osage News Staff

    Stories that are not primarily written by an Osage News staff member will have a “Osage News” byline. These stories include press releases and other community content that was drafted by someone externally but reviewed and approved for publication by Osage News. As an independent news organization, we strive to report news and information with fairness and balance. While being the official news organization of the Osage Nation, we base our news judgements on our loyalties to our readers and Osage citizens, and we are not directly beholden to the Executive, Legislative, or Judicial branches of the Osage Nation.

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Osage News Staff
Osage News Staffhttps://osagenews.org
Stories that are not primarily written by an Osage News staff member will have a “Osage News” byline. These stories include press releases and other community content that was drafted by someone externally but reviewed and approved for publication by Osage News. As an independent news organization, we strive to report news and information with fairness and balance. While being the official news organization of the Osage Nation, we base our news judgements on our loyalties to our readers and Osage citizens, and we are not directly beholden to the Executive, Legislative, or Judicial branches of the Osage Nation.
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