I haven’t followed the Bakken goings on for about 10 years so I’m really lacking in education. Is there anything new happening in Mountrail 158N, 92W? I received an offer for my family’s mineral rights. What would be a competitive leasing offer?
Many thanks.
Permits for new horizontal wells in Sec 3, 10, 15, 22. Recent leasing in those sections and 2, 8,17, 20 in addition. Royalties between 3/16ths and 1/5th. I prefer the higher royalties. Bonus amounts are private unless someone shares. If you have not leased in a while, it would be wise to get a good oil and gas attorney to review any lease. The draft leases are rarely in the favor of the mineral owner and need some edits.