I just heard that $15,000/nma was being paid in Dewey County. No S-T-R was provided. Is there any truth to this? Respond if you have been offered or paid in the $$ range.
That’s not true.
Maybe 15k total for the entire interest.
I have minerals in Dewey County. I would say maybe 1500 is more like it.
Thanks, that’s probably the case.
Thanks, Colorado Slim. I’m sure that’s more like it.
The closest estimate would be found by recent poolings close by to the acreage.
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1500-2000 is about right. Poolings will be good reference but are only going to list what the operator can attest to; the bigger lease bonuses come from the non-op parties.
How many Net Mineral Acres do you have? When you get offered a lease bonus you think that’s great but really it’s not because the people who evaluate the value price of your minerals if or when you try to sell them or they come to you wanting to purchase them, that 15,000 is what they base the estimated value of your minerals and maybe times it by 3. So $45,000.00 even though each well has the potential to bring in millions and millions of dollars of revenue over a lifetime of the well in North Dakota that’s now almost 40 years thanks to fracking. And if you sign a lease make sure that transportation costs are not paid by you. They will try to argue with you on this but the truth is when a new well is drilled it produces a lot of oil. Think about 25,000 barrels a day and times that by $97.00 per barrel—that’s $2,425,000 a day. If transportation costs were so expensive one, there wouldn’t be any reason anyone would ever want to drill. Secondly, these oil companies are not hurting for money so why penny pinch any more money out of the mineral owners. Don’t sign a lease for more than 3 years and make sure it can’t keep on for a year at a time after the three years. These companies know how long it takes to drill a hole and it ain’t three years. All they are doing is wanting to pay you a very small amount to maybe drill a well one day but most likely just tie up your acres so their competitors can’t drill on it, and then you don’t make any money and now they come to you wanting to buy your minerals for nothing and you’re not making any money so it sounds like a good thing but it’s not. Check your county land auction website. Ours in ND shows how much per net acre they are buying the states for per net mineral acre. Some of ours is 15,000 per net acre.
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I mean this politely, but please show me a well in Oklahoma producing 25k barrels of oil a day.
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Bradley, I don’t engage with any offers to purchase. So not knowledgeable about prices per acre to purchase.
I heard the 4 J Farms well in Section 18 is producing around 750+ barrels per day.
OK does not have monthly production in that 25,000 bbl range. Many thousands of BOE (barrels of oil equivalent) on exceptional horizontal wells, but not for long. And don’t count on high oil prices lasting for many months either.
The question was specifically about leasing in Dewey, but it ended up in the Grady County spot. Dewey usually has lower lease rates than Grady. Leasing rates are based upon the competition at the time of leasing. And the rate would be tied to a royalty, so 1/8th leases will have a higher bonus that 1/4 (usually double), but most of us would want the 1/4th lease since it usually pays out far better in royalties over decades than the one time lease payment at 1/8th.
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I apologize i didn’t mean per day life time on one of my wells so since 2014 till present is 269,000 a few others show 300000 from 2014 till present date showing drill date of June 2014 but not reporting till dec of 2024 why is that and it’s showing in dec high daily volume was 1900 bbl
This is in Williams county ranges 156 191 west 26 35 I believe
Why in North Dakota do they not have any guidelines on what a mineral acre bonus should be. There’s not open public date except I can see sales on state land there net acre bonus get up to 30000
For the benefit of the forum readers, please stick to the topic at the top. North Dakota counties have their own areas for discussion. Reservoirs differ by area, so keeps apples to apples instead of kumquats.
Bonus amounts are not generally public. That is why the forum is helpful if folks share.
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