I have leased my mineral rights in Richland County to Diamond Resources and don’t know too much about drilling in that area as I’m a novice. Could anyone help me out and let me know if my acreage would have a good chance of drilling? Location: 31 – 22N – 56E.
Jay - I don’t see any activity in your area for miles around you. But be patient - it may come!
Thanks Joanne.
I have mineral rights also in Richland County, Montana. My Township is 21, Range 59, Section 26. They have been drilling for the past approximately 8-9 months. It did seem to take forever after I signed the lease to get the first royalty check and the check I believe was for the past 4 months, but as other people are saying it is a waiting game. Best of luck to you. Theresa
Jay, what does the 31 stand for? I’m in 22N - 56E. 31 must be your section. I’m northeast of you. There are approximately 8 wells either spudded or permit to drill. Slawson is getting really aggressive in this area, FINALLY. It may be a bit before they get that far south. Theresa, I do not want to get too nosy but what amount roughly is a 4 month royalty check? I have two leases right now with a well being started on one of them. I’m just curious if they amount to much. Thank you.
By the way I sat on these for 20 plus years with no activity and I’m now on my third lease. Yep it’s a waiting game for some of us.
And sometimes you make more money on the lease than you do in oil production, because it’s a one-time larger check than a piddly amount every month. But those piddly amounts do add up over time. When the net mineral acres are very small in a 1280 spacing unit, it may only be a small amount.