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Burke County, ND - Oil & Gas Discussion

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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: 95
Latest Activity: Feb 17

Discussion Forum

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

Any trouble with Petro-hunt

Started by john patton. Last reply by Garren Hartman Nov 25, 2014. 5 Replies

I am having a lot of trouble with Petro-hunt as far as getting paid the right fractional amount. I was an owner in 5h and a fractional mineral right owner in four other wells, they paid me the same…Continue

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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?
Comment by Alan Cook on February 5, 2015 at 9:41am

I just learned that Cornerstone Natural Resources did not produce/sell any oil/gas from well 25995 in December. Anyone know the status of Cornerstone? What ramifications does non-production have on expired leases that have been held in production? I imagine many smaller operators are being squeezed now, if they're not adequately funded.

Comment by Mary Beth on December 27, 2014 at 10:49am

Just going to mention, in case you were not aware of it, a lot of easements are being and have been recorded in Burke County by the operators for laying pipes, to reduce and eliminate flaring there.  If you live in Burke County and could comment , it would be interesting to everyone.

Comment by John Anderson "Andy" Davis on November 25, 2014 at 4:54pm

Thanks rw, Bart and BE. All good info.  Looking things over a little more but the differential in $/acre with or without he vertical Pugh now makes sense.

 

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