Does anyone ever refuse to lease thei...
rozShoem

United States

#22 Jun 17, 2009
Own mineral rights in Bakken Shale (several hundred acres). Leased to oil company who sold lease????? to another oil company. In approx. 2007 or 2008 well began producing oil. Other than the initial lease money I've seen no "royalty" money except one small check for approximately $18.(Unsure of exact amount but it was not over $20). I found a report on internet and see that a lot of oil has been obtained from that well. Something tells me that something might be a bit unfair.....
Sandy

AOL

#23 Jun 18, 2009
rozShoem wrote:
Own mineral rights in Bakken Shale (several hundred acres). Leased to oil company who sold lease????? to another oil company. In approx. 2007 or 2008 well began producing oil. Other than the initial lease money I've seen no "royalty" money except one small check for approximately $18.(Unsure of exact amount but it was not over $20). I found a report on internet and see that a lot of oil has been obtained from that well. Something tells me that something might be a bit unfair.....
I would recommend that you join the group that I did and post your question on there. Their group is on Google, and the address is:

http://groups.google.com/group/bakken-shale-d...
-~--------

You have to request to joint the group before they will let you post, but I am sure when you let them know why you are wanting to join, you will be invited to join, and then post your question on there. They are extremely knowledgeable in "all things Bakken". Hope this helps.
The Big Fish

United States

#24 Jun 18, 2009
rozShoem wrote:
Own mineral rights in Bakken Shale (several hundred acres). Leased to oil company who sold lease????? to another oil company. In approx. 2007 or 2008 well began producing oil. Other than the initial lease money I've seen no "royalty" money except one small check for approximately $18.(Unsure of exact amount but it was not over $20). I found a report on internet and see that a lot of oil has been obtained from that well. Something tells me that something might be a bit unfair.....
Send me your lease info along with the location of the well and i might be able to help
The Big Fish

United States

#25 Jun 18, 2009
Sandy wrote:
We have mineral rights to 350+ acres in Burke County, 161 93 and 161 94, but we have yet to lease our rights. I have been seeing some say that most of the rights have already been leased. Do you think that those who have not been approached will see activity in that direction now that oil is going back up again?
Yes maybe... it all depends on how high oil gets this year. most are predicting $75-80 oil for this year which is accurate so it will not be like the last 2 years of activity...
Jeff Moses Lake

Moses Lake, WA

#26 Feb 6, 2010
Dose anyone know about 159n94westsec33n/2 PHLLC has offered a lease to me.

Since: Jan 10

Bend, OR

#27 Feb 11, 2010
Jeff:
To find out what the nearby leases are for is an incomplete science.
The State of ND posts its auction results at http://www.land.nd.gov/
Hit Minerals Management Division
Then Legal Description
Then insert Township and Range.
Look over carefully for the most recent sites.

Additionally there was another auction that hasn't been posted to this site.
Just select February 2010 Sale by County instead of Legal description and then input your county.

You need a network of adjacent landowners.

Don't feel you need to sign right away.
Get going on your research
All the Best
BPJ

Bismarck, ND

#28 Feb 26, 2010
We just recieved an offer to lease mineral acres in Northern Billings Co. for $750.00/acre for 10 years. Our attorney advised us that 10 years was too long, we should go for 5 years. Anybody have any feedback on this?
BPJ

Killdeer, ND

#29 Mar 5, 2010
With that much $$$ on the table, we had to take it on a 10 year lease.
MaryJo

Williston, ND

#30 May 31, 2010
So I have a question about the OLD boom and the NEW drilling. I have an old lease from the 1970s with a straggling slow well still producing. This is back when 1/8th royalties were paid. It appears my acres in the entire section are tied upon in the old lease but we do not own all the acres in that section. I see now, however, that a company has obtained a spacing permit and will be asking for a lease in two sections, in the Bakken formation. One of these 2 sections is the same section I own mineral acres in...not all of them but 30 or more. The company getting the spacing permit is not the company that holds my lease. Bakken wells take up 2 sections. What happens if/when they produce oil. Do they negotiate with my lease holder, and pay me the old 1/8th royalty percent, do they negotiate with me or what? This is confusing. Also...I suppose my lease holder can tie up my section acres with this well as long as they want to....it has only been producing gas for some time, but I suppose it is to their advantage. If they drilled again in that area would they only have to pay me 1/8th royalty?
The Big Fish

Brooklyn, NY

#31 Jun 1, 2010
MaryJo wrote:
So I have a question about the OLD boom and the NEW drilling. I have an old lease from the 1970s with a straggling slow well still producing. This is back when 1/8th royalties were paid. It appears my acres in the entire section are tied upon in the old lease but we do not own all the acres in that section. I see now, however, that a company has obtained a spacing permit and will be asking for a lease in two sections, in the Bakken formation. One of these 2 sections is the same section I own mineral acres in...not all of them but 30 or more. The company getting the spacing permit is not the company that holds my lease. Bakken wells take up 2 sections. What happens if/when they produce oil. Do they negotiate with my lease holder, and pay me the old 1/8th royalty percent, do they negotiate with me or what? This is confusing. Also...I suppose my lease holder can tie up my section acres with this well as long as they want to....it has only been producing gas for some time, but I suppose it is to their advantage. If they drilled again in that area would they only have to pay me 1/8th royalty?
The answer to your question is yes. they are going to pay your 1/8 interest on your old lease. The new company is already negociated with the company that currently holds your lease already so you will not get to renegociate.
Glenn

Conroe, TX

#33 Jun 7, 2010
A man wants to lease my farm and I own 1/2 mineral rights and all surface rights. My Sister owns other 1/2 mineral rights but does not want to lease. Can I still lease my farm?4898
Glenn

Conroe, TX

#34 Jun 7, 2010
I own 1/2 mineral rights and all serface rights and my sister owns 1/2 mineral rights. Do I still have the right to lease my farm?
Terry

Omaha, NE

#35 Jun 8, 2010
Yes
The Big Fish

Brooklyn, NY

#36 Jun 8, 2010
Glenn wrote:
A man wants to lease my farm and I own 1/2 mineral rights and all surface rights. My Sister owns other 1/2 mineral rights but does not want to lease. Can I still lease my farm?4898
Definitely! Why does your sister not want to lease?
Glenn

Conroe, TX

#37 Jun 8, 2010
Would 400 dollars per acre be enough for lavaca county Texas in northern eagle ford shale formation. And what should the royalties be 1/5 or 1/8. I'm trying to lease!
The Big Fish

Brooklyn, NY

#39 Jun 9, 2010
Glenn wrote:
Would 400 dollars per acre be enough for lavaca county Texas in northern eagle ford shale formation. And what should the royalties be 1/5 or 1/8. I'm trying to lease!
i dont know anything about texas leasing, sorry!
Glenn

Conroe, TX

#40 Jun 14, 2010
How much do they pay for a pipeline to cross your property?
The big fish

Fontana, KS

#42 Jun 20, 2010
Glenn wrote:
How much do they pay for a pipeline to cross your property?
Depends on what you have growing on the property. Is it woods? if it is then normally they buy the timber they cut. Is it cotton or rice then they buy the rice or cotton and some additional money depending on what part of the country its in.
Glenn

Conroe, TX

#43 Jul 2, 2010
If I have the minerals on a piece of property and I sell the land and keep the mineral rights, does the oil company still have the right to drill even though I don't own the surface rights anymore?
Glenn

Conroe, TX

#44 Jul 2, 2010
I going the sell my 4 and 1/2 acres but retaining my mineral rights. If I lease my minerals for oil, does the oil company have the right to drill on it even though I don't own the surface rights?

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

North Dakota Discussions

Title Updated Last By Comments
Land Feb 8 Jim 1
News Mountain States Imprisoning More Women (May '06) Jan '18 liza 7
News On Trump turf, GOP still seeks North Dakota Sen... Dec '17 Impeach the Creep 4
News North Dakota gets first NAACP chapter (May '09) Nov '17 Raydot 95
its time its time (Apr '16) Nov '17 Raydot 3
Mayor David R. Mayer raises property taxes Again (Jul '17) Nov '17 Raydot 3
vacation in nepa Sep '17 chuck 1
More from around the web