Mineral Rights Forum

America’s conversation place for mineral owners

Bakken Shale - Oil & Gas Discussion

Information

Bakken Shale - Oil & Gas Discussion

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

Members: 395
Latest Activity: 1 hour ago

Discussion Forum

Non-participation wells

Started by Pat Maloney 1 hour ago. 0 Replies

Comment by Pat Maloney yesterdayDelete…Continue

Mineral Lease in Divide County

Started by Bill Self. Last reply by Victoria Thorsen Nov 8. 2 Replies

We have been contacted by paramount field services with a lease agreement to lease 16 ac of mineral rights in Divide count North Dakota.  The offer is $50 per mineral acre and 16.6% royalty.  We have…Continue

Looking for lease companies for Bakken minerals.

Started by Kevin. Last reply by David Pauly Oct 16. 3 Replies

I am having a hard time finding companies online that lease minerals rather then buy. Please let me know if any of you folks have any companies you have dealt with. I am looking for investment groups…Continue

Eight Mile Field-Williams County 152N 103W sect 2

Started by Bill Fitzpatrick. Last reply by Kevin Jun 29. 3 Replies

Hi all,Our lease with Nine Point energy ( formally Triangle) is up in Sept.they claim they will drill "soon" but heard that before.Anyone know if drilling pads are in place in the east half of…Continue

Comment Wall

Comment

You need to be a member of Bakken Shale - Oil & Gas Discussion to add comments!

Comment by Gary L. Hutchinson on October 20, 2017 at 11:01am

Victoria, You must own the surface and minerals.  If there is Bakken production adjacent to your land, I thing you can get a better deal if you have the patience.  Most critical lease terms today are avoiding the use of old forms that haven't been adjusted to horizontal drilling situations.  

Gary L Hutchinson 

Comment by Victoria Thorsen on October 20, 2017 at 7:43am

I have been contacted by Border Resources for putting drilling equipment on property for 6600.00 and 500.00 an acre and 18.75% per barrel is this the going rate for Williams county?

Comment by Ben Samuels on August 16, 2017 at 11:18am

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 Joan M Osland Graffius on January 12, 2017 at 5:22pm

Reef Oil and Gas Companies has an interesting new partnership in the Bakken area. If you want to find out about it call them.

Comment by r w kennedy on December 9, 2016 at 12:17am

There are many others and I actually heard about the situation on tv some time ago.

Comment by Joan M Osland Graffius on December 9, 2016 at 12:13am

that article is written by an attorney that is looking for business. <smile>

Comment by r w kennedy on December 8, 2016 at 11:23pm

I hear there were a few winners with REEF and I hope you are one of them.

http://www.whitesecuritieslaw.com/2013/02/08/update-on-securities-f...

Comment by Joan M Osland Graffius on December 8, 2016 at 10:33pm

Is anyone investing in Reefs plan to get rid of the bank in the 2011 Bakken partnership.

Comment by r w kennedy on November 2, 2016 at 4:10am

Update on my post below. The wells to be drilled by Burlington Resources AKA Conoco Phillips are projected to cost between 6.6 and 6.8 million dollars each. The most recent well drilled by Burlington/Conoco on land pooled with ours in late 2015 produced 226k barrels of oil in the first 9 months. The wells are not skimped on, they are just that much cheaper than they used to be and much better in all technical aspects at the same time.

I'm not totally thrilled with my oil being pumped at current prices but these wells are going to be profitable. The acres are already HBP, they don't have to drill these wells.

Comment by r w kennedy on October 4, 2016 at 12:31am

My brother tells me he received another 4 well proposals for 149-96 section 9 Mckenzie county. His mail runs a day faster than mine. Three of the wells costs are sub 7 million and one is estimated to be slightly more than 7 million dollars.

In 2011 these would have been 10+ million dollar wells. Todays oil prices are not ideal but they will not kill the Bakken. The operators know where the oil is, they know to a close order how much it will cost to get out. Operators will not forget where it is. If they have a well holding a lease, that's sunk cost and they can afford to wait.

 

Members (395)

 
 
 


© 2017   Created by Kenny DuBose.   Powered by

Badges  |  Report an Issue  |  Terms of Service