I have rights in Section 22, Township 12 North, Range 64 West. Offers have been about $1000/acre and 18-20% for lease and $4000/acre to sell. Offers have been from Transcontinental in Denver, Silo Oil and Gas, and others, and I know EOG leased some recently for $750 per acre. Can anyone tell me of drilling activity in this area? When writing about a “range” what is the acreage of a range? New to this…thank you.
Think you’re going to have to narrow this down some. What state, county, etc.
Oh, sorry. Laramie County, Wyoming. I thought I was on the Laramie group page, so I just assumed…duh.
I inherited almost the same thing,when my husband died!1 IN 2013,0r 2014,(i forget),I was contacted by someone wanting me to sign over "my rights" to them,so they could test for oil,on this property,and they would send me a small check,but,I had to wait to cash it!!
Then,if they hit Oil,on the property,i would be paid monthly,(along with about 100-relatives),but,I did not feel comfortable doing this,so I waited,I did not sign anything,(but,they demanded their documents back..
I do not remember the name of the Company,they were out of Williston,ND,and now,I want to find out,if and how,has this happened?? I don't know any details,other then GrMa's last name was "Runnin",can anyone help me locate the company who did the dirty deed?(yes,i looked up what FRAKKEN is,and what OIL CO's do to land),and it made me sick!!(the property was in Bottineau-County,ND)
Since I was one of 100,who 'did not sign",did they get the go ahead,anyway???(Since my husband had a sister she and I were the top two who would have gotten the most money),then there were 98-others..thanks,rosi..
Dear Ms. Iverson,
Was there any paper trail to any of your assertions? Paper or email?
You can thank your state legislators to allow forced pooling.
All of your questions can likely be answered at the NDIC WEBSITE.
Buddy Cotten
Buddy, there were a lot of papers sent to me, and there were a lot that they wanted from me! They wanted me to send them my marriage certificate—my husband’s death certificate—and on and on it went! “I just could not do it!”
I called my younger brother Sydney, in Arizona, and he says the only one he knew of that was drilling in North Dakota (while he was stationed there) was a well-known company that had interests in Canada and Nova Scotia.
So, I kept the papers, and this lady was furious with me (their rep.) and wanted them back. I told her “I burned them, LOL!” Oh, the oil company Sydney spoke of started with a B; this one did not! I am afraid the sister to my husband, being greedy, signed her set and agreed to the drilling, however, there was a man living on the property, and this outfit was agreeing to drill around him. Yuk.
#2 - Sorry, the people that notified me wanted to lease this property because my sister-in-law and I were the ones with the largest amount of property rights. Which meant they sent me a small check (that I was not allowed to cash) and all kinds of documents (mistakenly - they sent my sister-in-law’s to me - dumb pricks). When I called them on it, they sent me a new form with my deceased husband’s name on it and mine underneath.
Since he died in 2001, I gained all the things he would have gotten, especially the bills. So, I was afraid if I got involved with these people, should anything go wrong on their part, my name being on those documents meant another bill for me to pay. But should I die, my kids would. I just could not send my legal documents to this oil company!
Dear Ms. Iverson,
Best of luck and fortune to you.
Try to provide some more information about the area and the surrounding market. You may need some professional market analyst’s help to figure out nearly exact pricing.