Oil leasing and drilling activity around the McKenzie County area

How long to these oil/mineral rights keep going?...

Farrell wrote:

How long to these oil/mineral rights keep going?...

Once you are leased, as long as there is an active well...

We have mineral rights in ND, but don't live in the area, so don't really know the going lease amounts. We are just getting lease papers on township 151N, range 102, sec 20. Would anyone out there have any ideas what would be a good lease figure for that area?
Thanks

David wrote:

Tree years is the norm. Most of mine are 1/6.

This is off the subject... but my brother posted to this site in 2008. Name is Wes Link. Trying to locate him . He was in Duncan. Do you know him or his whereabouts. Thanks for your help

hi
I have a qestion. My family has land in mckenzie county. thing is most of the relatives back there i knew are dead and so are my parents. So no one to ask this. Can someone tell me the township and range of cartwrite? that will get me close to where the property is.Reason being is i can look up and see if there are any new wells going in close to that area.

Cartwright could be between
R104 W and R103 W and TWNS 150 N and 151 N. You really need to know the section, too. If you inherited the property, it should be in the will.

Thank you that will get me started anyway. Well I did inherit this but its a long story. Property belonged to my great grandfather. So part of it went to my grandmother then to my dad and now to me and two brothers. Well things got a bit lost in traslation between my brothers and me so now just try and do things on my own.

I have two sections in Billings County ND township 143 range 99 and would like to know what leases are going for. I was approched by one company offering 150 per acre with 3/16th royality. I that reasonable?

That must be the going rate as we just signed a lease for exactly that. It was in twns 151 range 102. We even tried to get more and all they would do was go from 1/6 to 3/16 on the royalty.

We have minerals leased to sundance oil and gas. There was a well drilled on the section next to it from another oil company. Wondering if sndanmce will drill or if they even drll. The well next door looks like a barn burnner, any body with some news, three years left on lease.

Best thing happening in NoDak.

Wish i had seen this like 4 months ago ...ty

Wes Link wrote:

<quoted text>
no! make a deal with the oil co. on the percentage of bbls. of oil,get a lawyer to help you, and if they really want it,$400 an acre, its hot there, so they`ll pay it,, do your home work before you sig anything/// what company is this anyway??? let everyone know they can help you with this input

When will they start drilling in Slope County north of Rhame, ND? just curios.

I am still interested in which Companies are activly leasing mineral rights in McKenzie County. Anybody out there with names they could provide would be apprciated.

Our leases have been offered by Diamond Resources in Williston.

Does anyone know of any leasing activity in and/or around 157n 102w. I noticed a Brigham well 2 miles south came in at 1800 bopd's and we own minerals in 4 sections in 157n 102w.

Thanks

A neighbor has some property in McKenzie County:
152N, 100W and has been offered $300/ac and 1/6 royalty. What is the going rate? Should they ask for 3/16?
Thanks

We were offered $150 3 years and had to ask for 3/16 and got it. Some of us didn't get our leases in right away and now they have been offer $200. So maybe 300 is pretty good, but I would try for 3/16.

to JimO Continental resources is the biggest player in the area they have actually picked up drilling again in montana. They have lots of money to back them up as well.

mt oilfield hand wrote:

to JimO Continental resources is the biggest player in the area they have actually picked up drilling again in montana. They have lots of money to back them up as well.

Thanks, I will contact them.