141n 103w has 2 new roads w/looks like sites for something exciting.!!!
Zeb; The courthouse does NOT say what the BONUS is just like it does not say what land is SOLD FOR!! My attorney has been around that a couple of times and even the IRS can not get that information!!
I don’t think Newt will make it past the first 3 primaries; all this will be brought up and Romney will eventually perservere!
Document #97136 does exist with 15% Royalty, for a man with a similar name from Duluth MN. Coincidentally, your forum profile post shows you’re from Duluth MN.
There is NO document for t141-r105-s25 NW4 that is current within past 5 years recorded in Golden Valley County that has 1/6 Royalty. Perhaps you should double check with Whiting to see if they failed to record it. As for your claim to have 1/6 Aerosmith Steven Tyler sings Dream On…Dream On…
I find most people prefer honesty to deception in most of life; so if your label of nitpicking is necessary, I will continue.
nobody cares if you have 15% or 1/6 besides Whiting and you, just keep it real. If you seriously have a document showing 1/6 with Whiting Oil, you DO need to call them and ask why it’s not recorded. You can call the courthouse to verify if they have whatever # your document is. That will confirm if Whiting recorded it or not.
If your lease doesn’t have a recorded document # on it, as well as a recording date, then you do not have a recorded document. Every single lease I have, shows a recording document #.
Zeb, the problem with our leases is that in the 1280 there are people with 5 acres; and in all 48 states and many blind trusts…etc. It is very hard to communicate with all of our leaseholders but we have a small group that use the same consultant and control about 400 acres at least…!!
To those that may want to get a deeper understanding of the demand for oil … in such products as McDonald’s shakes, Batteries, toothpaste, all plastics, roofs, black top roads, tires, PVC, and gas. I would recommend the following videos available on Netflix, Blockbuster, PBS
Boomtown, Crude, Black Gold, Fuel, A Crude Awakening-The Oil Crash, Gashole. The Boomtown is about the oil in ND which can be found on YouTube or CNN Money it’s about the new boom in Williston and Stanely.
Ab & Zeb,
I think this forum is to share information for better of all.
Not to prove or disprove anything or anybody. It’s an honor system in which anyone can choose to use the information or not. So if you wish to disregard a comment please do so as your own personal preference. If nothing else just agree to disagree and be kind !
I dont have anything to prove only defending myself granted i should not have to do that…noted… right AB?
Joel,
I am only now beginning to scratch the surface of the tax laws that we as mineral rights owners are facing. From what I have discovered so far your assessment of our tax situation is bang on, we are actually considering a change in residence however re registering our LLC is not an option. Do you feel that the difference between a 20 and a 23 percent loan would NOT offset the various tax bills?
scratch “loan” add royalty…
What is MN Tax ?
That has been in the works for sometime now. The problem is we need more and closer refineries. Most oil gets shipped out of state to refine, whic is a added cost.
It knowing how to reduce your tax burden by structure and or investments.
The financial planners in Bismark at working overtime all the time.
We heard from some friend in Minot that many of the farmers are S corp 's and they paying less in taxes on the oil.
Well she was doing alot of networking out here !!! And she was VERY helpful to us. We felt almost guilty we should have paid her for your time and knowledge. So had her cards on the table for us. Thank God ! We would have most likely signed last fall. She knew that people that were developing a website that was interactive with sections and names with amounts of leases put into areas. I guess if they get a site up it will get your the current and past market value for each section including royalty and bonus and term.
Well the bonus is not earned income right ? So it is ordinary income which is taxed less ?
The ND banks are great !! All the new money the boom has put in to the economy has been a god sent !!
i was told there is a gravel pit in sec 33 414n 103w.is that in the east or west part
of the section?
anybody interested in section 33 or 34 141n 103w?
Yes I have long finished my night cap !!! So good night !
have you been to the land?