North Dakota
Bakken: Who’s Got The Best Wells?
Richard Zeits. Oil & gas, commodities, long/short equity, research analyst. With over eight thousand horizontal wells drilled to date in the Middle Bakken and Three Forks formations of the Williston Basin, the data set of drilling results and production histories would seem more than sufficient to draw conclusions with regard to expected drilling economics and investment […]
In North Dakota, hard to tell an oil millionaire from regular Joe
(Reuters) – The retired men shooting the breeze at Joyce’s Cafe in Stanley don’t look like oil barons but appearances can be deceptive, especially in North Dakota. Take Robert Western, a farmer who was dressed in rumpled overalls and a baseball cap as he sipped coffee and discussed the oil boom that has transformed this […]
North Dakota Reminds Negotiators: Be Careful What You Say
Carey Gagnon on October 10, 2014. Posted in Mineral Rights, North Dakota. Do you think that what you say when negotiating a mineral lease does not matter once the agreement is inked and contains boilerplate language declaring it to “supersede all prior negotiations” and “be the complete agreement between the parties”? Think again. The North Dakota Supreme Court recently reminded […]
The Next North Dakota: 5 States About to Go Oil Boom
BY BLAIRE BRIODY, The Fiscal Times, December 2, 2013. The black-gold rush in North Dakota—a technological revolution in oil production—is creating a new class of rugged millionaires. North Dakota might be grabbing headlines, but horizontal drilling and “fracking” to tap into newly accessible oil reserves is by no means limited to that state. The shale revolution is still […]
Oil boom creates millionaires and animosity in North Dakota
By Andrea Stone, USA TODAY, STANLEY, N.D. From the cab of his combine 10 feet off the ground, Doug Kinnoin sees acres of barley scrawnier than last year’s bumper crop but good enough to fetch top dollar as malt for beer instead of cattle feed. What he can’t see, as the amber stalks give way to […]
Continental Resources adds to oil acreage at North Dakota auction
(Reuters) – Continental Resources Inc, the second-largest North Dakota oil producer, spent $2.3 million at a state land auction for the right to explore for crude on 160 acres, outbidding its nearest rival with just seconds left on the clock. The deal, secured this week with a check to state officials, shows that despite the more-than 60 percent […]
Managing Mineral Wealth
How Can I Locate Who Owns the Mineral Rights Under My Land?
Written by Mineral Hub Staff If you want to know how to find out who owns the mineral rights under your land, or find out if you do, then the first stop in your quest should probably be the county clerk’s office (free) and/or a private abstract office (not free) in the county where your […]
How Much are My Mineral Rights Worth
Unleased mineral rights Unleased mineral rights are mineral rights without a legally binding contract known as an “Oil, Gas, and Mineral Lease.” To assure clarity, the property can have no active oil or gas production. The value of mineral rights can be estimated as present value of any future lease payments. Oil companies (called operators […]
The value of mineral rights can vary widely
Calculating mineral rights value can be a bit like predicting the weather – things can sometimes change awful quickly. When considering the question of how to assess and value mineral rights, many variables must be considered. The value of mineral rights depends on some elements that are reasonably determinable, but become complicated when combined with […]
Should You Lease or Purchase Mineral Rights?
The CourthouseDirect.com Blog. If you own land in a region that’s known to contain significant oil and gas resources, your parcel’s subsurface mineral rights could be quite valuable. Since recent advances in drilling and exploration technologies have increased the value of previously uneconomical shale and heavy oil deposits, you shouldn’t rely on antiquated surveys or mineral maps […]
Be Careful Drafting Contracts and Deeds When the Ownership of Minerals Is at Stake
BY PORTER WRIGHT ON MARCH 12TH, 2013. A recent decision by the Court of Appeals of Ohio highlights several errors by a seller of property who may have intended to reserve mineral rights. (See Mong v. Kovach Holdings LLC, 2013 Ohio 882, Court of Appeals of Ohio, Eleventh Appellate District, Lake County, March 11, 2013.)Facts In August 2009, McMenamin […]
