What are the provisions in North Dakota for unleased minerals in a drilling unit?
I recommend reading NDCC 38-08-08, it should be an easy search to find it. I have been force pooled and I like it. I have many posts on the subject, you might read the law, look at some of my posts and then I can answer some of your questions. If you have wells with no leases, as many do, I could help you find out production of your and the surrounding wells and give you my opinion as to whether it's worth your time or not. The big question that most people have is will you get anything until the well pays off. Landmen like to tell people no, to scare them into leasing, I've had them tell me that several times. In ND, you receive the weighted average royalty that those in the spacing leased for or 16% from the first barrel, whichever the operator elects. Not too many people lease for less than 16% in ND so the operator is going to opt for the 16% as it will be less. After you read the law, let me know if you have any specific questions.
Jim,
Mr Kennedy is an intelligent and seasoned mineral owner who has gained his knowledge through experience and research. Take his advice and research the law then apply it to your situation when choosing an option. If you think a well has already been drilled and completed involving your minerals, even more options may be available to you beyond the legal guidelines. The more acreage you control, the more important the choice of options.
On the NDIC website, you can review Rules n Regs and chech provision 38-08-08 Integration of fractional interests..Start there for risk penalty assessment.