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Bakken Shale - Oil & Gas Discussion

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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: 397
Latest Activity: 19 hours ago

Discussion Forum

Appraisal for Mineral Rights

Started by Kristi Gray. Last reply by Richard Spann 19 hours ago. 45 Replies

Has anyone had their mineral rights appraised for potential inheritance tax purposes?If so, what is the process, what are the mineral rights potentially worth and how does the government handle the…Continue

Keywords: Rights, Mineral, of, Appraisal

Non-participation wells

Started by Pat Maloney. Last reply by r w kennedy Mar 17. 8 Replies

Comment by Pat Maloney yesterdayDelete…Continue

wellbore only interest in Mountrail, McKenzie and Divide Counties

Started by Ben Samuels. Last reply by Rainmaker Jan 20. 1 Reply

My family owns a small wellbore only interest in North Dakota. We are interested in selling and would like some help finding the companies that are buying this type of interest. I have called a…Continue

Keywords: shale, bakken, divide, mckenzie, mountrail

Mineral Lease in Divide County

Started by Bill Self. Last reply by Victoria Thorsen Nov 8, 2017. 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

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Comment by William H Hasskamp on April 4, 2018 at 8:13pm

How can I get an Appraisal of my Mineral Right in Williams County, ND? I have the rights to 120 net acres in Section 17 of the New Home township.

Comment by M Barnes on January 18, 2018 at 8:01am

Bette, we would need the section, township and range to look up the area. 

Just a general note, now that oil prices are going up a bit and there are more pipelines in the Bakken area, there are lots of offers to buy out there that are usually low.  Anyone who offers to buy thinks that they will make a profit at the price they offer you, so you have to consider whether you want that profit instead given your family situation.  If you have heirs, you may want to hang onto it.  The Bakken has a lot more to give and technology is always improving. 

Also, the more companies offering makes me think they know something. 

Comment by Bette Liberatore on January 17, 2018 at 7:57pm

I've been contacted by a number of companies interested in purchasing my mineral rights.  I'm a novice at figuring this, I have 20 acres in a 160 acre piece, currently paying about $3200 a month a climbing monthly. I have no idea how to find out if any new wells might be drilled ( one land man claimed no more would be drilled but with such a big piece it's hard to believe it's drilled out. It's in Bakken, a well producing area.  Can anyone tell me how to find out about any new wells as well as suggested prices per acre for a sale?  You have always been a very knowledgeable bunch.  Thank you!  Bette

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...

 

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