Author Archive: Gordon Olson

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In North Dakota, hard to tell an oil millionaire from regular Joe
By March 28, 2015 Read More →

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 […]

Posted in: North Dakota
North Dakota Reminds Negotiators: Be Careful What You Say
By March 28, 2015 Read More →

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 […]

Posted in: North Dakota
The Next North Dakota: 5 States About to Go Oil Boom
By February 21, 2015 Read More →

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 […]

Posted in: North Dakota
Should You Lease or Purchase Mineral Rights?
By February 21, 2015 Read More →

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 […]

Oil boom creates millionaires and animosity in North Dakota
By February 21, 2015 Read More →

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 […]

Posted in: North Dakota
A Great Divide Over Oil Riches
By February 21, 2015 Read More →

A Great Divide Over Oil Riches

By A. G. SULZBERGER, Published: December 27, 2011. STANLEY, N.D. — Just like everybody else around here, Fred Evans spent his life coaxing a good enough living out of the earth. He grew wheat, ran cattle and, during a couple of short-lived bursts of activity, worked on the drill rigs searching for oil across the […]

Posted in: Mineral Rights News
Be Careful Drafting Contracts and Deeds When the Ownership of Minerals Is at Stake
By February 20, 2015 Read More →

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 […]

Continental Resources adds to oil acreage at North Dakota auction
By January 22, 2015 Read More →

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 […]

Posted in: North Dakota