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07-01-2008, 07:11 AM
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Member
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Join Date: May 2008
Location: Decaturville, TN
38 posts, read 38,427 times
Reputation: 26
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Oil
(My bad on the copywriting.)
I recently read an article that talked about local farmers becoming millionaires through oil. I was curious as to what ND residents thoughts are concerning the oil drilling and if there is any concerns of what the future might bring? Coming from a person who is looking to move to ND for the open country and less population, it has gotten my attention.  I seem to recall people discussing the previous years of oil booms that never panned out and was wondering if this is any different? |
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07-02-2008, 07:06 AM
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Senior Member
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Join Date: Aug 2006
Location: Sweden
2,175 posts, read 933,558 times
Reputation: 597
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Quote:
Originally Posted by Garo
(My bad on the copywriting.)
I recently read an article that talked about local farmers becoming millionaires through oil. I was curious as to what ND residents thoughts are concerning the oil drilling and if there is any concerns of what the future might bring? Coming from a person who is looking to move to ND for the open country and less population, it has gotten my attention. I seem to recall people discussing the previous years of oil booms that never panned out and was wondering if this is any different? |
Yes i saw the same thing on Yahoo news. Made me want to come here and publish it to get back at some forum member I saw making fun of your state.  Anyway here it is. 
Oil is making millionaires in North Dakota - Yahoo! News (broken link) |
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07-03-2008, 01:36 PM
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Junior Member
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Join Date: Jun 2008
7 posts, read 11,219 times
Reputation: 11
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We have land with oil but no lease..help
We have land in williston and montana that has oil on it how would we get one of the oil companies to sign a lease with us. Could someone give us some information.
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07-06-2008, 06:00 PM
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Member
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Join Date: Jul 2008
Location: Ross, ND
44 posts, read 38,438 times
Reputation: 18
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Quote:
Originally Posted by v.baustian
We have land in williston and montana that has oil on it how would we get one of the oil companies to sign a lease with us. Could someone give us some information.
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If they think there is oil on your land they will come to you. Are you absolutely sure that you have the mineral rights as well, sometimes these were sold off years ago. My advice would be do do a search with Williams County to make sure that you have them. This boom is for real I know several people who are getting nice checks every month. I live in Mountrail County which is the heart of oil activity right now and you can see the rigs everywhere. |
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07-06-2008, 08:20 PM
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Senior Member
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Join Date: Sep 2007
Location: Chicago Area
1,419 posts, read 858,046 times
Reputation: 698
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Quote:
Originally Posted by Sam_in_ND
If they think there is oil on your land they will come to you. Are you absolutely sure that you have the mineral rights as well, sometimes these were sold off years ago. My advice would be do do a search with Williams County to make sure that you have them. This boom is for real I know several people who are getting nice checks every month. I live in Mountrail County which is the heart of oil activity right now and you can see the rigs everywhere.
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I purchased some acreage in Williston a few months back. I'm on my way there now for a visit. Ya, I've heard it's pretty crazy there now. |
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07-07-2008, 06:27 PM
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Junior Member
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Join Date: Jun 2008
7 posts, read 11,219 times
Reputation: 11
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Yes, we have oil absolutely and the mineral rights. In 1983 we had a lease and received some money but then the lease ran out. thank you so much for the information, I will definitely do a search
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07-09-2008, 05:12 AM
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Member
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Join Date: Jul 2008
Location: Ross, ND
44 posts, read 38,438 times
Reputation: 18
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Quote:
Originally Posted by v.baustian
Yes, we have oil absolutely and the mineral rights. In 1983 we had a lease and received some money but then the lease ran out. thank you so much for the information, I will definitely do a search
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Be careful if you do get an offer for a lease. Read it carefully just seen one today and in the letter they offered 8% royalty, but on the actual contract if was only 6%. So if you get a proposal don't just sign it without reading the contract fully. The name of the company was Sunrise Petroleum so beware. |
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07-10-2008, 03:54 PM
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Junior Member
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Join Date: Jun 2008
7 posts, read 11,219 times
Reputation: 11
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Thank you so much for your help and advice. I am waiting to hear about our mineral rights , I wanted to double check to make sure that my mom did not sign them away. I should hear back today sometime. Keeping my fingers crossed..
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07-12-2008, 10:08 AM
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Junior Member
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Join Date: Jul 2008
1 posts, read 2,416 times
Reputation: 10
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Mountrail county?
Quote:
Originally Posted by Sam_in_ND
If they think there is oil on your land they will come to you. Are you absolutely sure that you have the mineral rights as well, sometimes these were sold off years ago. My advice would be do do a search with Williams County to make sure that you have them. This boom is for real I know several people who are getting nice checks every month. I live in Mountrail County which is the heart of oil activity right now and you can see the rigs everywhere.
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Where is the county seat of Mountrail County? |
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07-12-2008, 10:34 AM
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Senior Member
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Join Date: Sep 2007
Location: Chicago Area
1,419 posts, read 858,046 times
Reputation: 698
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Quote:
Originally Posted by velvethammer.1
Where is the county seat of Mountrail County?
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I believe that it is Stanley. Nice little town on Route 2. |
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