Mineral Rights Forum

America’s conversation place for mineral owners

Burke County, ND - Oil & Gas Discussion

Information

Burke County, ND - Oil & Gas Discussion

Oil & gas discussion group for those interested in Burke County, ND. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

 

Members: 97
Latest Activity: Apr 19

Discussion Forum

162-94-16

Started by John Murray Apr 19. 0 Replies

Is anyone aware of new leasing activity for the area around 162-94-16 in Burke County? If so, what are the terms offered for 10 acres or so?

Question about first division order for non-participating owner

Started by Eric Melby. Last reply by Eric Melby Apr 28, 2015. 1 Reply

Hello everyone,It's been a while since I posted a question here, mainly because the information I got before was so helpful I didn't have any more questions.I am wondering if anyone is experienced…Continue

Oasis plans to stop drilling in the Cottonwood Field as of the end of March 2015

Started by Duane E Paulson. Last reply by Duane E Paulson Mar 13, 2015. 2 Replies

Oasis announced today they will reduce their rig count from 16 to 10 by 1/31/15 and to 6 by 3/31/15.  The 6 rigs will all drill in the Indian Hills field during 2015 or until prices increase and…Continue

162N 91W lease offer

Started by Casey. Last reply by Casey Dec 27, 2014. 3 Replies

I got offered 250 an acre 1/6 at 3yrs with petro harvester.Can any give me any info if its a good deal or should i wait. Appreciate any input. ThanksContinue

Comment Wall

Comment

You need to be a member of Burke County, ND - Oil & Gas Discussion to add comments!

Comment by Dianne E Arnold on March 3, 2017 at 6:47pm

HRC/Halcon seems to be interested in Burke County. I've heard $150-$400 an acre (so who knows) plus 5 yrs and 1/6 royalty. Don't know what the lease looks like yet, but $150 and 1/6 seem low for 5 yrs..........

Comment by Mary Beth on March 2, 2017 at 2:07pm

Interesting to see the latest lease auction prices for Burke County, Cottonwood area.  $400-900 an acre.  Of course it is still for 5 years and 1/6 royalty.  I'm posting this in case you did not see it...

Comment by Gary D Preszler on February 27, 2017 at 2:16pm

Does anyone know the current lease terms Petro Harvestor is offering in the area of T163-R91?

Comment by r w kennedy on February 17, 2017 at 11:24am

The cost of drilling a top notch well has plummeted. The AFE I receive these days are around 7.5 million dollars for 30 to 33 frack stages, about what it used to cost for an 18-20 frack stage well when things started slowing down. More frack stages means higher production and probably less oil left in the ground, which is important because you don't get a royalty on anything they leave down there. I look at my 2008 wells with 10 stage sand frack and wince, at least until I recall that they produce so little oil that one day someone will drill a real well to drain those same acres. Maybe my grandkids will see it. Too bad the poor wells wasted the gas pressure.

Comment by Scott Losee on February 17, 2017 at 11:16am
I signed a lease in burke county. Petro Harvesteter appears to have interest in the area and are represented by Diamond Resources
Comment by Dale Dorning on February 17, 2017 at 9:41am

I had a very similar offer from Diamond Resources which I declined. They said that they wanted to lease all of it. They know it is 160 acres because they just did the appraisal for a probate. They sent a a bank draft for 10 acres ($350).  I'm not biting on that one.

Comment by Mary Beth on February 16, 2017 at 7:02pm

Suddenly there are a lot of leases being filed in Burke County, after a long break in the goings on.  I was contacted about a lease last year and then recently that was for $35 an acre,  5 years and 1/6 interest offered.  I said no to that one, but I think a bunch of people went for it.  HRC has been leasing there too, but I don't know the particulars.   I'm waiting to see what happens with President Trump in office.  Anyone else had this kind of an offer?   I don't know about HRC -a subsidiary of Halcon.

Comment by r w kennedy on March 6, 2016 at 4:42pm

In reference to Alan Cook's question about the ramifications of a well not producing, I would suggest you check your lease and what reasons a well could be shut in and the lease still be saved for the lessee. What springs immediately to mind is lack of a market or the ability to move the product because we are full. Tank farms are filled in the high 80's percent range and they have to keep some space free or they wouldn't be able to move the oil around, different grades, as needed.

Comment by Alan Cook on February 5, 2015 at 6:53pm

Scott - the well is located here: SESW 24-161-91

Comment by Scott Losee on February 5, 2015 at 9:51am
Alan, I am curious about Corerstone also. We have a lease with them and I assume now they will not be drilling. What area is this well?
 

Members (97)

 
 
 


© 2017   Created by Kenny DuBose.   Powered by

Badges  |  Report an Issue  |  Terms of Service