Number of drilling rigs in N.D. climbs to 58

kevin wrote:

how much con one oil pump put out in one day

cathrene wrote:

once a well is drilled what is the timeline for mineral acre owner to start recieving royalities?

Budd Henderscheid wrote:

Oliver county ND is within the Bakken shaded area on my map.
I own the minerals{oil} on four quartes in Oliver County. Theres not an oil well within one hundered miles of my land. Im 84 years old. How long before a company wants to drill on my land. I would donate the land for a well to sombody to see a well go in.

The Big Fish wrote:

<quoted text>
a long, long, long, long, long, long time...

Same Guy wrote:

<quoted text>You sound like one of the Dozen companies coming in and leasing out land so the compitition doesn't grab it first. I understand there is a control on the market to control speculative rates. A company like that leased our rights for 20 years before they finally got in and started drilling. I'm not voting for Obama, but I do agree that Americans get into colorado and the bakken shale of montana and ND as soon as possible and start building the infurstructure to get us off of middle eastern oil. The chinese will beat us to Canadian oil if we allow the China to build a pipeline. Will be interesting how they will do it since they will have to come through either the artic ocean down into alberta or pay the US to run it through Alaska

NotDopie wrote:

I wasn't being serious about 20 years. It was several lease contracts for 5 years each.. More like 10-15 years. It's not my mineral rights but several family members of ours. I have seen a break down of what the oil company gets vs what the family got. Like most people in the area, My family didn't get a rig yet. But a neighbor has. And they do horizontal drilling.. which is why the state of ND (Or perhaps county) has given rights out to the mineral holder's neighbors. A pipeline hasn't been placed in the Killdeer region yet to pump it to a refinery. So trucks have to haul it. That has reduced production to a fraction of what they could get per day. I wasn't really accusing any oil company of squatting rights on oil. But if you think about it, it could happen. Have a lease on a neighbors land but dig just one rig and do a horizontal drill. It saves on building more rigs while sucking the oil out of the neighbors reserves. Are they doing it.. probably not. Could they do it? I would think Yes.

The Big Fish wrote:

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Well if it has been tied up with leasing for 15 years who's fault is that? Yours.. But you should feel forturnate to lease for that long. Also, the longer you can wait for a well the more money you will make since techniques are improving every day.
I am sorry but the county or the state cannot "give out" mineral rights to the neighbors. As far as trucking the oil, everyone has that problem right now. and probably will have that problem for the forseeable future since getting infastructure such as refineries and pipelines are a long process to get permitted.
First of all, i think your high for thinking that someone is sucking your oil away from you. If you think you have a legimate claim, send your info to me and i will let you know if you have a leg to stand on. But in my opinion you dont. However, if you want to discuss the technique of drilling the horizontal across a couple of people's land and think thats not fair to you, why dont we disuss it further in a chat or on here if you prefer.

NotDopie wrote:

<quoted text>here is a topix thread you should read. On page one look at Ken and other peoples comments. It is clear that nieghbors get a share. I figured you were an attorney when you made a comment about that being false and the state not having a leg to stand on. But you need to know the truth. http://www.topix.com/forum/state/nd/TKDNO2TEH...

NotDopie wrote:

Idiot??? that's just rude. Maybe for a derrick they space them out 1280 acres but not the smaller pumps. I was starting to respect you for your knowledge because you said you're an oil rigger but so far you said Neighbors don't share profits. Oil Rigs must be spaced out 1280 acres and now you're being rude to people. these are small pumps and they can pump out thousands of barrels a day but are not because there is no pipeline.

The Big Fish wrote:

<quoted text>
a long, long, long, long, long, long time...

Rosie wrote:

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Exoon wanted these Oliver county acres in the 70's offering big money to lease but this was dropped when oil dropped. I doubt if it will be that loooong of a time to wait

The Big Fish wrote:

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I am afraid your wrong Rosie. Depending on what is happening with current acreage, it may be 5-20 years before they get to oliver county. However, i am sure there will be some very small companies will go in there within the next 3-5 years and drill some test wells but it will be more than 5 years before there is the full scale invasion like Killdeer and Stanley are getting right now. Also there is still acreage in Montana to be drilled, and points inbetween Stanley and Killdeer. That acreage alone will probably take 15 years by itself unless they started hitting dry holes. They will focus on that first since that is where the infastructure is currently and that should be where the best wells are made and the easy money. Once that is played out then they will move over there in full force....However, this is my opinion