I’m pretty sure the idea is for everyone to be kind in their online doings so it’s always appreciated.
I was incorrect on the maximum penalty allowed in North Dakota, and it is indeed 50%. Had to check with my Dad on that one and should have before the reply. In New Mexico, one can certainly be penalized up to 300%. I plan to defer all North Dakota questions to the padre in the future as that’s his area, while I work NM.
The 50% maximum penalty does change the math somewhat but I do stand behind the overall point I made, which is that the highest return comes from participating in wells; also that it is more lucrative to sell half one’s minerals (if the price is right) and use the proceeds to participate on the other half than to either 1) lease or 2) go non-consent.
For what it’s worth, I’m not a certified landman, still learning, it’s always ongoing. I worked in corporate finance following pipeline stocks for Prudential Securities for years, all the while buying minerals…now they’re producing, and paying the bills and I’m trying to deploy excess cash…so again if you’re selling or leasing minerals, I can make you an offer. If you want to learn the ins and outs of participating, I’d be willing to talk about that too. Otherwise, I can always put the excess cash into Berkshire Hathaway. Long live North Dakota and the US oil business.
Cheers all