I inherited 3 mineral acres in Mountrail County, ND. Township 158, Range 94 West, Section 14: West half of west half. I also inherited acres in McKenzie County, ND too. East 1/2 pf Section 24, Township 152N, Range 102 West and Lots 1,2,3 and 4 Section 19, Township 152N, Range 101 West. I had been getting maybe $300 a year more or less for many years. It seemed it wasn’t worth it since it almost cost that to file taxes on it every year since it had been put in a trust. I decided to sell them and before the sale got finalized I received a check for over $3000. Had never gotten that much before. The company paid me $2500 for the acres. It’s to late now but I’m wondering if I got taken advantage of? Also how much production is going on in that area now? Thank you.
You probably don’t really want to know.
Chord Energy is drilling a set of infill wells in sec 14/23 and 13/24 of 152N 102W. Rig is drilling as of early January.
Chord Energy has permitted several infill wells in sections 18/19of 152N-101W.
Buyers often swoop in right before drilling.
@Marcia_Hoplin you will need to speak with an attorney on this specific issue. If the company used deceptive practices to induce you into a sale, then there may be a course of action. Thank you for posting this even though it may have been painful. It will help many of the forum members to consider significant research prior to a sale. Good luck.
My family also has leases in Montrail County STR 06 and 07-155N-91W and have just received two purchase offers. Things seem to be happening there currently. Second offer (different company) was 20% higher than first. Is there a way to get valuation other than relying on company making the offer? Thanks
Hess just filed a new permit for RS-SORENSON 155-92-0105H-3 which starts in section 8 then 7 of 155N-91W and then into section 12 of 155N-92W. That is why you are getting offers. Room for future wells there.
@tracy_lenz provides an economical valuation service. If you are seeking to sell or test the market, there are several companies that you can contact to make competing offers. Do a Google search for “Sell Oil Gas Minerals” and you will get multiple contact for you to market test.
Thanks for your reply but isn’t RS-Sorensen in 01 an 05? RS-Piepkorn is 12 and 08 and was permitted on 6/25/24 correct? Am I missing something that the company was not telling me? Thanks again
The NDIC has RS Enander A-155-91 -0607H-1 in 6 & 7, RS Enander A-155-91 -0508H-1 in 5 & 8 and RS THOMPSON-155-92 -0112H-1 in 1&12 of 155N-92W. You are right, I touched the edge of a symbol and it popped the wrong well up from where I was looking with my eyes. The new well is the HESS RS-PEIPKORN-155-92-1208H-2 permitted. It cuts east west and hugs close to the northern edge of 8, 7, 12. The surface location is the tiny blue dot in the upper NW edge of 12. Good catch!
Hello, I’m hoping someone could assist us in obtaining an attorney that could be helpful. We received a letter in the attempt to buy mineral rights that were left to us; this is all new to us. However, we now have the proof and would like to check into the options. It would be great to be able to be in contact someone we could trust with this matter. Thank you, Sally Moore
If would be more helpful to you to post your question in the state and county where you have mineral rights. This General Mineral Rights Discussion is a bit too broad. See the Counties tab above.