Efficient Markets Hosts Record-Breaking BLM Montana Dakotas Federal Lease Sale
Auction Generates $129.9 Million, Highest Revenue in Office’s History
Efficient Markets is pleased to announce ongoing, record-breaking success of Bureau of Land Management’s (BLM) oil and gas lease sales with the Montana/Dakotas sale on July 14.
The BLM leased 63 parcels spanning 27,330 acres across Montana and North Dakota for $129,925,048 in total high bids, representing a nearly 200 percent increase from the previous sale. Activity was competitive, with 441 bids placed by 24 unique, financially vetted bidders. While the highest bid per acre of $10,402 was in-line with the BLM’s second quarter 2026 sale, the top bid per parcel of $15,381,254 was 60 percent higher.
The top three bidders paid a combined total of $112,414,118, or 87 percent of total bids, on 32 parcels covering 19,641 acres.
