McKenzie County, ND - Oil & Gas Discussion

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Comment by r w kennedy 15 hours ago

Dan, the answer would be yes but not necessarily a complete list. A NDRIN subscription would let you look at every recorded document referencing the section, including leases, statements of claim, deeds and probates.

Comment by Dan Smith on April 24, 2013 at 11:12pm

Hello folks,can anyone tell me if it is possible to get a list of mineral owners,per section,online.I was interested in sections...31-28 and 34-32.

Thanks,Dan

Comment by Mary K. LaPointe on April 22, 2013 at 7:43pm

Is it true that Continental and QEP Resources are offering $50,000.00 per net acre in the bakken? Heard it from a stock broker friend. Just wondering.

Comment by r w kennedy on April 22, 2013 at 10:50am

Frank, the nearest rig is about 5 miles away. There are 3 permits about a mile north of you. There are a couple of fair to good 1 mile lateral wells withing a couple of miles of you and 2 good Bakken 2 mile lateral wells within 2 to 3 miles of you.

There are no drill permits in your spacing right now. I think it's inevitable that you will be drilled but I can't say when. I think the operators consider your area profitable but not exciting. Hang in there.

Comment by Frank O. Homstad on April 22, 2013 at 6:58am

I have 160 acres currently under lease T149, R103, Sec. 2. Anyone hear of  activity in this area?

Comment by Toni Melland on April 17, 2013 at 8:28am

. My brother and I are PR's for my father's estate which includes real property and 75% of the mineral rights under the real property. An error was made in the vesting of title to my parents on a Limited Warranty Deed for 20 acres of mineral rights, which changed the title to tenants in common. The abstract of deed clearly states joint tenants. All of their other property was held in joint tenancy, so when my mom died it just passed on to Dad. He had no reason to suspect that title would be anything other than Joint Tenants because that is what was called out in the Contracts they signed. The Bank will not correct it becasue, according to them, they cannot re-issue a Deed to people that are deceased. We have been told that we will need toSto open another probate for my mom for just those 20 acres of minerals so we can transfer title properly. I'm thinking there must be another way to do this; someway to get the bank to correct the deed? Or can we just file an affidavit of heirship, or something similar? Any suggestions would be greatly appreciated!

Comment by r w kennedy on March 25, 2013 at 7:36pm

Mr. Smith, SM Energy is operator in section 34.

That said, it's a great area. It would be unconsionable to me if I were in charge to sell such an area......unless there might be something else wrong with it such as a title problem. Might explain the lack of royalty payments. Of course XTO could have suspended all payments until they verified all ownership.

That is alot of very expensive mineral rights. XTO may be in a cash crunch. If I were in charge at XTO and I was offered those acres at an attractive price, I might not buy them knowing I would have to rob peter to pay paul, but I don't think an oil company would hesitate. About all you can do is reach into your hip pocket to pay a lawyer to send them a letter. If XTO does not respond, or even if they do, you might have to sue. It would be nice if you could get everyone affected signatures, or in my case I would just put 10 signatures on the letter and tell them that the others were omitted for brevity, let them wonder.

If you did sue and win, got paid, recovered attorneys fees, unless the payment of royalty was a condition of your lease, XTO will still own your lease, will continue to make money off of it, it will just be 1% to 2% less profitable over the long haul. The lawsuit could be cheaper than paying loan interest. I would not worry about making them mad, what are they going to do? Not pay you? How would that differ from what is happening now? Welcome to oil & gas. 

 

Comment by Dan Smith on March 25, 2013 at 1:20pm

In July of 2012,XTO Energy either purchased or took over some assets from Denbury Resources.Included in this transaction were the assets on sections 31,32,33,34,township150n,98w.I was curious if anyone else was having problems with XTO not reconizing and not paying for the product from producing wells.May also include other sections and other counties.Would like to hear from other mineral owners.

 

Thanks,Dan

Comment by Dan Smith on March 25, 2013 at 1:05pm

  Thanks Mr.Kennedy for all of your help.

 

Dan

Comment by Ed Arildson on March 17, 2013 at 1:24pm

No problem, Mr. Kennedy.  My question as to the meaning of the orange dot was a bad question.   I didn't realize I could turn on the meaning of more symbols on the GIS map.   It is awkward being out here in the State of
Washington, when all the fun is going on back there.   Have to find a way back to my root place, Alexander, and take a picture of 'our' well.    Tough being an absentee oil baron!  I had wondered about fracking in the winter.  I am encouraged by the second permit.  It seems like our field is directly under the town of Alexander.   We have a nice artesian well in the town park, so I hope it isn't negatively affected by this work.

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