A relative newcomer amidst other oil and gas-producing states, North Dakota did not see its first oil well until 1951. But, new technology enabled the state to makes its name as an oil producer as the Bakken Shale, located in the Williston Basin, has proved to be one of the largest oil reservoirs in North America. In fact, the U.S. Geological Survey credits this formation with oil reserves of over three billion barrels of oil.
This zone requires massive fracture treatments after being drilled horizontally to maximize production. However, being developed with expensive horizontal drilling and huge fracks, well economics can become challenging during oil and gas price downturns. Many wells in the past that penetrated oil and gas reserves have been plugged and abandoned because they weren’t economic at low prices. We stand at such a time, when mineral buyers and sellers, and oil and gas operators, don’t have a crystal ball to view the future of our industry. Many of us have lived through long downturns, and have minerals that were worth significant amounts of money for a season, only to see those minerals lose much of their value as the industry cycled down.
As you evaluate your overall financial position as it relates to the question of selling some portion of your minerals, we would welcome the opportunity to work with you. You will receive personal service as we research your mineral values, and promptly inform you of our offer. It all starts with you filling out our assessment form.