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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: 342
Latest Activity: Jul 23

Discussion Forum

Eagle Ford Minerals For Sale

Started by Michelle Jul 23. 0 Replies

I own 50%$ minerals on a 15 acre tract in Lavaca County. The tract is about 14 miles from Shiner, Texas. The minerlas are in  lease with Penn Virginia. The terms of the lease are $1500.00 bonus per…Continue

Appraisal for Mineral Rights

Started by Kristi Gray. Last reply by David Peterson May 22. 43 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

Reef Companies

Started by Joan M Graffius. Last reply by Joan M Graffius May 7. 24 Replies

Does anyone know details of where the land is that Reef Companies is purchasing mineral rights? It is a huge purchase. They are closing the opportunity to become an owner of the purchase soon.Continue

Keywords: Reef

Nelson well, Roosevelt Co. Montana

Started by Williams. Last reply by Dctex99 May 3. 6 Replies

Any word on schedules for beginning drilling of the Nelson well in 28N57E, sections 27,22?How about in drilling units in 23,26; or 25,24??Continue

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Comment by Janie Newborg on December 21, 2013 at 4:27pm

In all of this I have still never been contacted by a landman, however, this is very good advice and I will use it when the time comes.

Thanks again for all you do. 

Merry Christmas to you and yours.

Comment by r w kennedy on December 21, 2013 at 12:31pm

Next time you speak to the landman, just tell him you are considering participating or a farmout deal or selling your AFE to individual who wants to participate. The landman should sit up straight in his chair when he hears that. He probably will not send the AFE right away because if you decide not to lease, the operator makes very little money.

Comment by Janie Newborg on December 21, 2013 at 1:45am

How do I go about making such a request?

Comment by r w kennedy on December 20, 2013 at 8:48pm

Janie, if there is no lease covering your minerals, I would not be in a hurry to sign one. With no lease I would request AFE, participation offers from the operators. The verticle well probably cost around $250,000 to drill or less and the long lateral Bakken well probably less than 8 million and both have long since paid for themselves.

Comment by Janie Newborg on December 20, 2013 at 1:56pm

Thank you so much for the information.

Comment by r w kennedy on December 20, 2013 at 11:18am

Janie, there is an excellent well drilled by XTO 287,620 barrels through October from it's IP date of 6-21-2009, CHARLSON 44-33H. A long lateral Bakken well that you should be sharing in.

The USA YTTREDAHL has produced 151,458 barrels oil through October but only 72 barrels in October, it has slowed considerably since it's IP date of 8-21-1976.

Comment by charles s mallory on December 20, 2013 at 8:51am

Janie:

I believe that this operator is based in Minot, ND.  This is a business operator that just uses his own name instead of John Doe Oil Co.  Google this and get the phone # and give this business a call as they can provide some info regarding your matter.

Comment by Janie Newborg on December 20, 2013 at 6:27am

I'm a bit taken aback by the well operator being a person, not an oil company.  While I have become quite comfortable speaking to the various oil companies, I am uncertain how to call up a "guy" and tell him I own mineral rights to his well.

Comment by Daniel Dayton on November 13, 2013 at 1:21pm

Jane, that is a well name.  It is located in McKenzie County, ND Township 154, Range 95, Section 33 
Well Operator: PHILLIP D. ARMSTRONG

Comment by Janie Newborg on November 13, 2013 at 12:09pm

I recently found out that I have other mineral rights than I was aware of.  I was told it is in the Yttredahl- Bakken 33-43.  That is different than any other description that I am aware of.  Does anyone know anything about this area?

 

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