"Bids for parcels in the southeast corner of the state skyrocketed, shocking industry and government officials alike.
The state sale in May brought in a record $45.6 million, prompting officials to quickly offer up the state's remaining parcels in the Niobrara for a special lease sale in July. That sale netted more than $42 million for 287 parcels, including one parcel that went for $3,200 per acre"
One parcel of land went for $3200/ acre!!! If they don't know how to drill the ground maybe they should sell it for a premium to someone who knows what their doing!!
ELK Price at posting:
10.5¢ Sentiment: None Disclosure: Held