North Dakota Department of Trust Lands
11/05/2025 | Press release | Distributed by Public on 11/05/2025 17:15
Press Release: Board of University & School Lands reports highest-grossing single auction of mineral leases in nearly 14 years
Bismarck, ND - On behalf of the Board of University & School Lands (Land Board), the North Dakota Department of Trust Lands (Department) is pleased to announce that its online October 2025 oil & gas lease auction grossed
$49.5 million, which was its highest since the February 2012 auction that generated $85 million. The October 2025 auction involved 708 tracts totaling over 64,000 acres, with 578 tracts receiving bids from 51 bidders.
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