# Burke County ND Oil
**URL:** https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349
**Category:** General Mineral Rights Discussion
**Created:** [September 21, 2016, 7:06pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349 "2016-09-21T19:06:16Z")
**Posts on this page:** 13
**Page:** 1
### Author:  [@Scott\_Losee](https://www.mineralrightsforum.com/u/Scott_Losee)
#### Post date: [September 21, 2016, 7:06pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349/1 "2016-09-21T19:06:16Z")
Anyone seeing new activity in Burke County? I have Petro Harvester trying to get us to sign a lease. I think it is a low offer but this market sucks. What are you all seeing? Any news on the horizon?
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### Author:  [@David\_Rontal](https://www.mineralrightsforum.com/u/David_Rontal)
#### Post date: [October 6, 2016, 5:23pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349/2 "2016-10-06T17:23:23Z")
What are they offering for lease terms? Where is your property located?
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### Author:  [@Scott\_Losee](https://www.mineralrightsforum.com/u/Scott_Losee)
#### Post date: [October 6, 2016, 5:28pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349/3 "2016-10-06T17:28:37Z")
$100 acre bonus. 16% Royalty.
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### Author:  [@David\_Rontal](https://www.mineralrightsforum.com/u/David_Rontal)
#### Post date: [October 6, 2016, 5:32pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349/4 "2016-10-06T17:32:51Z")
Which Township and Range?
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### Author:  [@Scott\_Losee](https://www.mineralrightsforum.com/u/Scott_Losee)
#### Post date: [October 6, 2016, 5:38pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349/5 "2016-10-06T17:38:36Z")
163N 90W Section 6.
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### Author:  [@David\_Rontal](https://www.mineralrightsforum.com/u/David_Rontal)
#### Post date: [October 6, 2016, 5:41pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349/6 "2016-10-06T17:41:49Z")
PH is running a rig in 163N 91W. I think the royalty rate is fair, but you may want to hold out for a bigger lease bonus. I think they are using the down market to lock up leasehold at a cheap basis.
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### Author:  [@Scott\_Losee](https://www.mineralrightsforum.com/u/Scott_Losee)
#### Post date: [October 6, 2016, 6:00pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349/7 "2016-10-06T18:00:45Z")
Thanks. What is a fair bonus in that area? 3 year leases?
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### Author:  [@David\_Rontal](https://www.mineralrightsforum.com/u/David_Rontal)
#### Post date: [October 6, 2016, 6:05pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349/8 "2016-10-06T18:05:03Z")
There is not a ton of activity to support large lease bonuses. I’d go for something in the $500-$700/acre range with a three-year term.
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### Author:  [@Scott\_Losee](https://www.mineralrightsforum.com/u/Scott_Losee)
#### Post date: [October 6, 2016, 6:06pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349/9 "2016-10-06T18:06:26Z")
In the heyday we only got paid $350 but we also had much higher royalty.
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### Author:  [@David\_Rontal](https://www.mineralrightsforum.com/u/David_Rontal)
#### Post date: [October 6, 2016, 6:07pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349/10 "2016-10-06T18:07:11Z")
I figured you’d end up in that area so might as well counter with $500/acre.
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### Author:  [@Scott\_Losee](https://www.mineralrightsforum.com/u/Scott_Losee)
#### Post date: [October 6, 2016, 6:07pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349/11 "2016-10-06T18:07:19Z")
Any data to substantiate higher bonus pay in the area? We have 160 acres not leased.
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### Author:  [@David\_Rontal](https://www.mineralrightsforum.com/u/David_Rontal)
#### Post date: [October 6, 2016, 6:08pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349/12 "2016-10-06T18:08:43Z")
No data other than PetroHarvester has a core area that they are trying to develop and prove out to flip. Is the other acreage located in generally the same area?
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 11:01pm UTC](https://www.mineralrightsforum.com/t/burke-county-nd-oil/4349/13 "2018-08-14T23:01:38Z")