To sell or not to sell? help please Divide County

General Mineral Rights Discussion
1

Well to start off my grandfather had owned 160 acres in Divide county,ND for about 70 years now, Back in 2009 we signed a lease for 40k for 4 years (non producing) a year ago we signed another two year lease for 30k. two weeks ago I received a paper from a company offering to buy the mineral rights. The first talk was of 1k a acre just yesterday they called me back saying it would be less than 400.00 an acre. My grandfather is now 88 years old and wants to do some traveling so the money would help but we don't wanna lose or get miss out on money, anyone have any input on how the area is doing and what the going rates are?

Thanks

2

land description 27-163 north -103 west

divide county

3

Matt, I have been thinking of picking up a couple of acres in ND. If you would be willing to sell me a couple please let me know. I will friend you

4

Visit MineralTrader.com if you would like to receive multiple offers

5

Matt,

if your land description is correct, these minerals are already producing. Well #27289 by SM Energy. The info below:

NDIC File No: 27289 API No: 33-023-01145-00-00 CTB No: 222793
Well Type: OG Well Status: A Status Date: 7/8/2014 Wellbore type: Horizontal
Location: NENW 27-163-101 Footages: 255 FNL 2260 FWL Latitude: 48.923054 Longitude: -103.783992
Current Operator: SM ENERGY COMPANY
Current Well Name: ROBERT 3-27HN
Elevation(s): 2190 KB 2165 GR 2164 GL Total Depth: 18430 Field: COLGAN
Spud Date(s): 1/25/2014
Casing String(s): 9.625" 1349' 7" 8382'
Completion Data
Pool: BAKKEN Perfs: 8382-18430 Comp: 7/8/2014 Status: AL Date: 7/14/2014 Spacing: 2SEC
Cumulative Production Data
Pool: BAKKEN Cum Oil: 27100 Cum MCF Gas: 10922 Cum Water: 55155
Production Test Data
IP Test Date: 7/14/2014 Pool: BAKKEN IP Oil: 353 IP MCF: 90 IP Water: 600

Not a bad Divide County well - going value of "non-producing" mineral rights in Divide Count are in the $1500 - $2000/acre. I wouldn't want to guess what producing minerals are worth now. I personally would never sell Divide County minerals - they will produce for 30 years and the Three Forks formation will also add to your nest egg over the years.

The other well located there is #27956:

NDIC File No: 27956 API No: 33-023-01185-00-00 CTB No: 127956
Well Type: OG Well Status: A Status Date: 7/10/2014 Wellbore type: Horizontal
Location: NENW 27-163-101 Footages: 255 FNL 2210 FWL Latitude: 48.923054 Longitude: -103.784200
Current Operator: SM ENERGY COMPANY
Current Well Name: DOROTHY 3-27HST
Elevation(s): 2197 KB 2171 GR 2171 GL Total Depth: 18250 Field: WILDCAT
Spud Date(s): 3/27/2014
Casing String(s): 9.625" 1848' 7" 8386'
Completion Data
Pool: BAKKEN Perfs: 8386-18250 Comp: 7/10/2014 Status: AL Date: 7/30/2014
Cumulative Production Data
Pool: BAKKEN Cum Oil: 24008 Cum MCF Gas: 9736 Cum Water: 64611
Production Test Data
IP Test Date: 7/30/2014 Pool: BAKKEN IP Oil: 275 IP MCF: 125 IP Water: 632

6

don any way i could give you call

our property is township: 162 north, range 103 west, 5th P.M

section 14: S 1/2 SW 1/4

section 23:NW 1/4

section 27:NE 1/4

Don Larson said:

Matt,

if your land description is correct, these minerals are already producing. Well #27289 by SM Energy. The info below:

NDIC File No: 27289 API No: 33-023-01145-00-00 CTB No: 222793
Well Type: OG Well Status: A Status Date: 7/8/2014 Wellbore type: Horizontal
Location: NENW 27-163-101 Footages: 255 FNL 2260 FWL Latitude: 48.923054 Longitude: -103.783992
Current Operator: SM ENERGY COMPANY
Current Well Name: ROBERT 3-27HN
Elevation(s): 2190 KB 2165 GR 2164 GL Total Depth: 18430 Field: COLGAN
Spud Date(s): 1/25/2014
Casing String(s): 9.625" 1349' 7" 8382'
Completion Data
Pool: BAKKEN Perfs: 8382-18430 Comp: 7/8/2014 Status: AL Date: 7/14/2014 Spacing: 2SEC
Cumulative Production Data
Pool: BAKKEN Cum Oil: 27100 Cum MCF Gas: 10922 Cum Water: 55155
Production Test Data
IP Test Date: 7/14/2014 Pool: BAKKEN IP Oil: 353 IP MCF: 90 IP Water: 600

Not a bad Divide County well - going value of "non-producing" mineral rights in Divide Count are in the $1500 - $2000/acre. I wouldn't want to guess what producing minerals are worth now. I personally would never sell Divide County minerals - they will produce for 30 years and the Three Forks formation will also add to your nest egg over the years.

The other well located there is #27956:

NDIC File No: 27956 API No: 33-023-01185-00-00 CTB No: 127956
Well Type: OG Well Status: A Status Date: 7/10/2014 Wellbore type: Horizontal
Location: NENW 27-163-101 Footages: 255 FNL 2210 FWL Latitude: 48.923054 Longitude: -103.784200
Current Operator: SM ENERGY COMPANY
Current Well Name: DOROTHY 3-27HST
Elevation(s): 2197 KB 2171 GR 2171 GL Total Depth: 18250 Field: WILDCAT
Spud Date(s): 3/27/2014
Casing String(s): 9.625" 1848' 7" 8386'
Completion Data
Pool: BAKKEN Perfs: 8386-18250 Comp: 7/10/2014 Status: AL Date: 7/30/2014
Cumulative Production Data
Pool: BAKKEN Cum Oil: 24008 Cum MCF Gas: 9736 Cum Water: 64611
Production Test Data
IP Test Date: 7/30/2014 Pool: BAKKEN IP Oil: 275 IP MCF: 125 IP Water: 632

7

Matt - I just sent you a request so we can exchange info

8

messaged you

Thanks matt