JCDS-In 2012 public lands sold 221MM worth of oil leases, list of some prices per acre was paid.

$1400/acre

$2437/acre

$86/acre

$135/acre

$120/acre

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The most activity was in New Mexico, where 80,494 acres sold for $112.9 million.

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The single largest sale was held on January 24 in Billings, Montana, where 59 parcels covering 14,762 acres of public land brought in more than $36 million – an average price of $2,437 per acre. In all, $59.8 million was raised in leases sales in Montana in 2012.

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Note from press release, JCDS is testing with multiple states:

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Bidding companies will sign with Payment Manager to process their bid funds utilizing our unique system which keeps their cash from being tied up in cashier's checks, money orders or surety bonds. This new process eliminates the need for paper, making the complete bid process more economical for both the government agencies and the bidder. We are currently testing in-house but expect live testing over the next few weeks with several states' agencies.

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