I’m evaluating a potential purchase of oil & gas mineral interests in North Dakota and would appreciate any insights from members familiar with these areas.
Specifically, the parcels are located in:
Divide County – Township 160 N, Range 102 W, Section 32Williams County – Township 159 N, Range 102 W, Section 05
Key things I’m trying to understand:
Recent or current drilling activity
• Are there any recently drilled wells, new permits, or refrac activity in these specific sections or nearby?
• Any information on production trends or recent completions would be helpful.
Operators in the area
• I believe KODA Resources is the operator on these sections, but I’m open to corrections or updates.
• Are there other companies actively drilling or planning activity in these townships?
Future drilling/infill potential
• Are there permits filed or expected in the near future for additional wells?
• Any talk about deeper benches (Three Forks / Middle Bench) being developed around these sections?
General sentiment on investment quality
• Based on your experience, is this part of Divide and Williams County considered good for long-term investment, or is production largely matured/declining?
Any insights, production data sources, or recommendations on where to find updated permit/activity info (NDIC links, map viewers, etc.) would be greatly appreciated.
Welcome to the forum. I put your question in the Williams County area. Get caught up on all of the recent postings there.
Get very familiar with the NDIC website. Many of your answers can be found there.
KODA has a well already in section 5-drilled in 2011 in the Middle Bakken. It has at least one lease in 32, so not nearly done leasing there. There are several other companies in the area. Phoenix is the other main operator nearby.
Suggest that you look up the concept of Tier 1, 2, 3 acreage in the Bakken.
Youre asking strangers to do a lot of work to give you an answer for free. Ill take a nibble, whats the average of the last 3 months of checks have been paid upon and whats the offer you have on the table?
LOL, thanks for the help — even if it’s just a nibble. The last three months’ checks have been around $2,000 per month, and it’s been pretty steady for a little over two years. I’m the one interested in buying my client’s oil and gas interests, and he’s open to selling them to me.
Since you are asking the message board for advice, whats your offer to buy, as thats the only factor that matters? 2nd key part is if they have any increased densities or intents to drill on the acreage filed of record? If not, at $2k an acre per month on a 2 year old decling well, I wouldnt offer more than $40K for it. Just my 2 cents as a random poster
I was thinking of offering around that as well but I will continue to do more research. I just got in contact with a Landman to get help from Bakken Oil LLC.
Divide County – Township 160 N, Range 102 W, Section 32