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Mountrail County, ND - Oil & Gas Discussion

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Mountrail County, ND - Oil & Gas Discussion

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

 

Members: 129
Latest Activity: Nov 2

Discussion Forum

Lease Activity

Started by Randy C Fosse. Last reply by Robert Rooney Nov 2. 6 Replies

Has anyone had or heard of leasing activity recently. A family member recently received an offer of $400 / 5 year lease / with 3 yeast option. Any comments? Thanks

Liberty

Started by Sue. Last reply by Sue Oct 12. 5 Replies

Signed a lease in 2016 have dealt with numerous individuals and still shuffling paperwork is this normal? The last lease on this land was years ago and not this drawn out.

Missouri River acreage "Discrepancies"

Started by Steve Gunderson. Last reply by Steve Gunderson Sep 29, 2015. 3 Replies

Trying to locate other Bakken North Dakota mineral owners that were affected by the Lake Sakakawea land (mineral right) grab made by the State of North Dakota. I have information I would like to…Continue

Open to Lease...

Started by Garren Hartman. Last reply by lester Izmore May 25, 2015. 2 Replies

My family & I own mineral acres in western Mountrail County. A portion of our ownership has been drilled but another 10 acres has not been drilled on and our current lease expired May 3rd in…Continue

Keywords: mountrail, lease

Comment Wall

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Comment by Sue on November 1, 2017 at 2:09pm
I would like lawyer recommendations. It seems no matter how much paperwork I submit nothing is filed.
Comment by Ben Samuels on August 16, 2017 at 11:17am

I own some working interest in Mountrail, Divide and McKenzie counties, interested in taking offers. Please send me a private message if you are interested in getting details.

Thank you!

Ben Samuels

Comment by r w kennedy on May 10, 2017 at 6:24am

Hello Tammy, the wells in that area are fair and yes the royalty would eventually pay back the $600 and then some. I hope everyone would contribute their share of the legal costs.

In my experience it would be worth it alone to keep your title straight. It has also become customary for operators in ND to require probate on even so little as 1/10th of an acre before they would pay royalty. There is no  incentive in ND for an operator to accept title that is not up to date. $600 sounds like a reasonable amount. I suspect you are receiving a discount because of the size of the interest because the work to be done is the same whether 1 acre or 100 acres.

Comment by Tammy Gallagher on May 10, 2017 at 3:36am

My oil and gas attorney did, as well as my cousin's attorney. This is more or less the process that I went through to get my name on the mineral rights that my parents had after they died.

Comment by W.R. (Lynn) McArthur, Jr., Esq. on May 10, 2017 at 12:01am

Mr. Gallagher:

Did Liberty Resources request that you go through this process?

W.R. (Lynn) McArthur, Jr.

Comment by Tammy Gallagher on May 9, 2017 at 11:22pm

Hello, Mr Kennedy

You have been very kind to share your thoughts about my mineral rights in different counties in North Dakota. I no long have have your current email. My questions is as follows: My 5 cousins and I were just contacted by Liberty Resources regarding one lone acre that belonged to my grandma who passed away in 1973. My question is it worth the money to open my grandmas probate in north Dakota (about $600.00) in order to get the mineral rights to be split 6 ways. The info on this lone acre is:

Township 158, Range 94, section 36, SW quadrant. This is next to my own acres and I am guessing that it is kind of "juicy" although I question if it is enough to pursue given that it is split 6 ways. I am interested in your thoughts or those of anyone else on this forum. Thanks as always.

Tammy Gallagher

Comment by thelmarule on April 11, 2017 at 9:19am

Has anyone been contacted by Great Northern Energy?  Just received a call yesterday wanting to lease.  4 yrs and 19% royalty.  They talked about being paid at the mouth of the well?  Never heard of that.  Any help would be appreciated.  

Comment by John Murray on March 1, 2015 at 12:03pm
Oh, that. Yeah, that is screwy. I think they do that to preserve the graduated tax rate aspect. Other states do this too.
A couple of years ago, they thought they had me on a "gotcha", but my ND income was chickenshit and by taking their calcs out to only 2 decimals (they switched to more later), they had to concede I owed them nothing. I am fine with paying my taxes, but I am glad I was right.
Comment by Enrique Ordonez on March 1, 2015 at 11:54am

Sorry you missed the issue.  We don't mind paying taxes to N.D. for royalty income. What I am talking about is my income outside of N.D.

Specifically having to calculate N.D. tax based on line 43 of form 1040, which includes all income inside and outside N.D. (social security benefits, annuities, etc. ).

Regardless of how torn up North Dakota is  they are not entitled to tax my income from sources outside of N.D. 

Comment by John Murray on March 1, 2015 at 11:31am
If you are talking about royalty income from ND production to a nonresident of North Dakota, then yes they are now withholding for state taxes. The Legislature passed a new law. I don't blame them.
This really does not change much. I have made quarterly estimated tax payments to ND for years. Having the companies now withhold for that does not really change much. The good news is that ND taxes are really low and I just take a credit for such ND payments against my higher taxes in my state of residence. I really don't think I end up paying a penny more and I figure I owe ND something for the big mess oil development brings (hookers, drugs, torn up roads, exploding oil trains, air pollution from flaring and redneck oil company workers).
 

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