I hold mineral rights for property in Divide County ND and would like to know current leasing rates and terms as well as who is actively leasing in the area. My rights are in Township 161 North in Section 33.
Welcome to the forum. You are missing the Range part of the description. Please give the complete set or we cannot help.
Lease to Formentera April 2025
Township 163 North, Range 98 West, 5th P.M. Price/Acre: $200.00 Lease Royalty Rate: 17.00% Term: 3 Years + 2 year option for $300/acre
Thanks for the heads up. It is Range 101 in Township 161 North.
Most of the sections in that township are already in production. The open ones have had leases posted in the last 24 months. The royalties range from 1/8th (12.5%) to 1/6th (16.67%). Bonus amounts are not public. The main agents leasing are Aurora Energy, KODA Resources, Murex Petroleum an Phoenix Energy.
The newest permits are for a set of three section horizontals planned in 31/30/19 by KODA for the Kolsch wells. The next obvious sections would be 18/7/6 for another set of multi-section wells. The other sets would be 29/32 and 28/33.
Actually they seem to be tiptoeing around section 18 in Fertile Valley. This may be a good thing as it will mean any revenue will be in a following year. Too much in one year can raise your medicare premium, and push income into a higher bracket.