Oil leasing and drilling activity aro...
Dale Payne

Lakewood, WA

#890 Feb 6, 2011
Billoutwest,I'm in need of landman and or Lawyer to Record and Order of Distribution and file to transer the Deed in the Makenzie Co.Recorders office.Could you point me in the right direction

Since: Jan 10

Bend, OR

#891 Feb 6, 2011
Dale:

Sorry, I cannot.
My apologies for not having a clue.

Could you try this forum?

Bakken Shale Discussion
at
http://groups.google.com/group/bakken-shale-d...

Someone there may be of help.

Since: Dec 10

Hurst, TX

#892 Feb 6, 2011
Dale Payne wrote:
Billoutwest,I'm in need of landman and or Lawyer to Record and Order of Distribution and file to transer the Deed in the Makenzie Co.Recorders office.Could you point me in the right direction
Dale; attorneys in McKenzie co are in short supply. I had to get one from Dickinson to probate my fathers estate. I used Dann Greenwood of Greenwood and Ramsey. Dann did an adequate job with the probate and getting my brother and my mineral deeds of distribution filed. A couple of months were added because of how slow the co clerks are with returning things. Our deeds were recorded but the clerks hadn't mailed them a month later. Dann can handle such light work if you have time,but Dann is not your oil and gas lawyer if you have a dispute with an oil or leasing company. Hope this helps.

Since: Jan 10

Bend, OR

#893 Feb 6, 2011
Shirley:

Going to T152N, R99W at
http://www.land.nd.gov/

I see where sections 24, 25 and 31 were just leased last year for $2,300 and $3,100 bonus/acre respectively in Feb for 24/25 and November for 31 - last year. Again, respectively by Continental and Kodiak.
Both 1/6th royalty 5 year leases.
This is the state land auction.

----------

Looking at the https://www.dmr.nd.gov/oilgas/
GIS Map
it shows very good activity in neighboring sections 19, 22, 23, 24, 25, 26 and 27.
Your section 28 is in a 1280 spacing unit with section 33.

Hope that helps some.
Virginia young

Littleton, CO

#894 Feb 7, 2011
Dale Payne wrote:
Billoutwest,I'm in need of landman and or Lawyer to Record and Order of Distribution and file to transer the Deed in the Makenzie Co.Recorders office.Could you point me in the right direction
Hi Dale, did you call those names I gave you? that is what we had to do,and that estate attorney took care of this for us,Virginia Young
jerome

Mandan, ND

#895 Feb 7, 2011
regaurdless of how many wells are put on a 640 acre section....whether its 1 or 4 per section.
Do all the mineral owners in that section split the royalties from all 4 wells??
what if someone in that section has a lease for 1/8 and someone else for 1/6 and someone else didn't sign a lease. hows it pay out?
thanks
Dale Payne

Renton, WA

#896 Feb 7, 2011
Hi Virginia,I'm not sure what I did with The list. But I do Know they put a Well on sec. 11. And I Need a Lawyer to Transfer Deed in my name.Like I found out. You and my uncle signed a leasse in 2008. And I need to know if my Mother had a leasse?I don't think she did because she passed in 2005.Hope you and your's are all fine.Anyway that's where I'm at right now.
Virginia young

Littleton, CO

#897 Feb 7, 2011
Dale Payne wrote:
Hi Virginia,I'm not sure what I did with The list. But I do Know they put a Well on sec. 11. And I Need a Lawyer to Transfer Deed in my name.Like I found out. You and my uncle signed a leasse in 2008. And I need to know if my Mother had a leasse?I don't think she did because she passed in 2005.Hope you and your's are all fine.Anyway that's where I'm at right now.
Here is what i know ,my dad didn't put this in his will,but everything went to my mother,she didn't out it in her well either,so the lawyer that handled her estate found a attorney in North Dakota and she had to go to probate with this,but it didn't take too long. i will look up her name if you want,its on one of these sites,i called her and sent her the papers she needed,but can't remember what she needed,i think a copy of will,death certificate,but she will tell you,you better get on it,if they drilled in nov. that means may we should hear from them. i don't know how long before a check comes,it seems in 6 months,but i don't know.let me know if you need her name again Vitrginia
Virginia young

Littleton, CO

#899 Feb 7, 2011
Virginia young wrote:
<quoted text>Here is what i know ,my dad didn't put this in his will,but everything went to my mother,she didn't out it in her well either,so the lawyer that handled her estate found a attorney in North Dakota and she had to go to probate with this,but it didn't take too long. i will look up her name if you want,its on one of these sites,i called her and sent her the papers she needed,but can't remember what she needed,i think a copy of will,death certificate,but she will tell you,you better get on it,if they drilled in nov. that means may we should hear from them. i don't know how long before a check comes,it seems in 6 months,but i don't know.let me know if you need her name again Vitrginia
also,my dad had a lease from years ago,i think in the 80s,he had a canceled check of 500. but did not think it was good for anything,lucky he didn't sell,a big oil co wanted to buy it back then,but didn't sell.your mother must have been contacted back then

Since: Jan 10

Bend, OR

#900 Feb 7, 2011
jerome:

Everyone shares in the 4 wells.

Not always equally.
You could have 1/8th, 1/6th, 1/5th and 3/16th.

Additionally, there could be a lot of different percentages of different parcels within the section.

For instance one person could own a quarter (160 acres) and have a recent lease where they are on a 1/5th royalty.
Then I have a 10 acre share of a trust that is on a 1/6th royalty.
The long and short of that is that the guy with the quarter and the better lease would get nearly 20 times more than I would. Even though he has only 16 times the acreage.

moral of the story.

Pay attention to the royalty, perhaps more so than the bonus.
This is especially true with so many areas having 100% success rates.

==========

Now as I understand it, there can be exceptions.

For instance on the 10 acre portion I have of a trust if I sign with a landman for X terms {I'm stupid and sign right away}, then the rest of the family is smarter and signs for 2X terms. I believe that now I'm in for the same amount as the rest of the family IF the 2X company is the driller. Over 50% of a parcel is the key.

Don't bet the farm on that.
Big grain of salt as I've only heard that from a landman.
jerome

Mandan, ND

#901 Feb 7, 2011
billoutwest-

what if 50% of a parcel signed on for the x terms
(they were stupid and signed right away)
and you waited for the 2x....does the 50% rule work against you.
Joe

United States

#902 Feb 7, 2011
Dale Payne wrote:
Billoutwest,I'm in need of landman and or Lawyer to Record and Order of Distribution and file to transer the Deed in the Makenzie Co.Recorders office.Could you point me in the right direction
&

We have used Cathy Schmitz in Williston, ND for a mineral rights lawyer. Her husband is in the same office and he is a landsman. We are traveling, so don't have access to her tele#, but I suppose you could look her up on the Internet. We also have mineral rights in McKenzie. They did a good job for us.

Since: Jan 10

Bend, OR

#903 Feb 7, 2011
Jerome.

I should have said 50+%.

So 51% sign - in ND that is enough.

So 4 people equally share a quarter - 160 acres.
Three need to sign for that 160.

The other three quarters of said section need to be resolved on their own.

========

If the original quarter, hypothetically, we're subdivided already into two 80's;
Then the first had one owner. That owner has to sign for the operator to include them. Otherwise we get into penalties being assessed for the cost of drilling, except that I believe that an automatic 12 1/2% is that 80 acre mineral owners royalty until the cost of the well/fraccing etc is fairly recovered.

Then the second 80 has five owners. Three need to sign. Let's say that 2 sign for X royalty. Its not enough. Later the other three - who root for the other political party at Thanksgiving and Christmas, sign for XX royalty.

Company A, who has not signed the first 80 owner, but has signed three from the second 80, now has 80 NET acres it can declare on its stock prospectus.
Company A will have to pay all the owners of the second 80 the same. The first 80 owner will get the minimum 12 1/2% until their well cost expenses are paid off or they give in and sign a lease.

DYODD.
Big grain of salt.
I think this is the way it is.

Since: Dec 10

Hurst, TX

#904 Feb 8, 2011
If you are force pooled in N.D. you will recieve the weighted average of what everyone else leased for or 16% [which is almost 1/6], whichever the operator of the well decides, til your part of the well is paid for plus a 50% penalty. Thats if you own the mineral rights. If a leasing co or another oil co than the operator holds a lease they can participate in the well or face a 200 to 300% penalty. Some other states allow only a 1/8 or 12.5% royalty till the well and penalty are paid, may be higher penalty also.

Since: Jan 10

Bend, OR

#905 Feb 8, 2011
Go with Kennedy;

I confused Montana rules - the 12 1/2% etc.

Sorry
charles

East Peoria, IL

#907 Feb 8, 2011
Billoutwest:
I just read on another forum that a mineral rights owner in ND has been approached in regards to top leasing. This individual states that the lease will not expire until December 2012. Were you aware that top leasing was occurring this far out from the lease expiration date?

Since: Jan 10

Bend, OR

#908 Feb 8, 2011
Top leasing almost 2 years out.
Wow!
No, I haven't.
What that says is that the companies really want to keep someone in the fold.
========
Top leasing for general knowledge is where one is already under lease, but the company holding the leases offers and gets the mineral owners to sign a new lease before going on the market.
Terry

Omaha, NE

#909 Feb 8, 2011
By chance does anyone know what's happening with the following well: NDIC File # 19305,Hoffmann 149-98-1-12-1H, 149-98 in Mckenzie County?
I know that it is on confidental but the spud date was 11/14/2010 and it should have been done drilling by now I would think. Encore is the current operator.
I live in another state and thought maybe someone out that way may know something.
Also I hear there has been a lot of snow out there this winter. Does that slow down moving the rigs or getting new pads ready?
Thanks.
charles

East Peoria, IL

#910 Feb 8, 2011
Terry:
I searched all of my resources in regards to the Hoffman well and no information was found. It is very difficult to learn much about these confidential wells as that is why they are confidential. I believe that harsh winter conditions does play a role in slowing down the drilling process such as moving fluids in sub-zero weather, etc. You will probably have to wait out the "confidential" period before you learn much information about this well.
Terry

Omaha, NE

#911 Feb 8, 2011
charles wrote:
Terry:
I searched all of my resources in regards to the Hoffman well and no information was found. It is very difficult to learn much about these confidential wells as that is why they are confidential. I believe that harsh winter conditions does play a role in slowing down the drilling process such as moving fluids in sub-zero weather, etc. You will probably have to wait out the "confidential" period before you learn much information about this well.
Charles, Thanks for your response. I tend to agree with you but I thought maybe somebody out that way might have heard if they were having a problem in the drilling process since it is taking so long. Just a long shot and just hoping..

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