Non-participation wells

Pat Maloney · 2017-11-17T16:18:52Z

My siblings and I have a total of 16 wells in Williams County, North Dakota. The first well we participated in and we went with non-participation in 12. The remaining 3 are currently inactive. I have had some discussions with other folks who went with non-participation which of course includes the operator recouping their drilling costs plus a 50% penalty before we can benefit fully from royalties. We signed for non-participation between 2012 and 2014 and have the individual well proposed costs, anywhere from 7 to 14 million. We do not have any idea of how much each well REALLY cost, especially since several wells have other wells benefiting from the initial well with horizontal drilling. Can we as mineral owners find out or audit what these wells actually cost to drill? Our payout statements still show most of the NP wells still have millions to recoup which would mean we would be long deceased. Anyone know anything about this? Would appreciate anyone either having this experience themselves or a pro who knows North Dakota mineral law. Pat Maloney pr_maloney4@msn.com

Shales Bakken Shale

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