What Are My Campbell County Mineral Rights Worth?
What are your Campbell County mineral rights worth? Several variables impact the value of mineral rights, but the most important are: location, activity and commodity pricing. Location Where your Campbell County mineral rights are located will have a profound impact on their value. This is because of the way oil is 'assigned' to wells. When an operator applies for a permit to drill a well, it has to denote from which acreage the oil is being extracted from. This is far from an exact science, and each state can adopt its own rules on how wells should pool. In Wyoming, the PLSS land system is used. It is a grid that divides land into 40 acre sections. These 40 acre sections are the smallest amount of [...]
What You Should Know About Colorado Mineral Rights
In recent years, Colorado has grown to be the 7th largest oil-producing state in the United States. This has largely been driven by the advent of horizontal drilling and hydraulic fracturing techniques, which allow more oil and gas to be extracted than conventional drilling. The Niobrara is the prominent formation that is drilled in Colorado. It is a shale, or tight oil formation, which means oil is present in low-permeability rock (i.e. the rock isn't very porous, which means the oil cannot freely flow, hence it is considered "tight"). In order to extract oil, the shale is fractured, which creates small cracks in the rock which allows the oil to flow into and is subsequently collected. This increased oil and gas activity has not come without [...]
Williams County, North Dakota Mineral Rights Value
What are your Williams County mineral rights worth? Several variables impact the value of mineral rights, but the most important are: location, activity and commodity pricing. Location Where your Williams County mineral rights are located will have a profound impact on their value. This is because of the way oil is 'assigned' to wells. When an operator applies for a permit to drill a well, it has to denote from which acreage the oil is being extracted from. This is far from an exact science, and each state can adopt its own rules on how wells should pool. In North Dakota the PLSS land system is used that is a grid that divides land into 40 acre sections. These 40 acre sections are the smallest amount [...]
The History of Mineral Rights in Colorado
Colorado has a long history of oil and gas production, which means it has a long mineral rights history as well, since mineral rights are what entitle land owners to the oil and other resources in the ground. According to the Colorado state website, "Colorado oil production dates back to 1860, when the first oil well in the western United States was drilled in Florence, Colorado." Today, Colorado is one of the largest oil producing states in the United States, ranking 6th in output with 130MM barrels of oil produced in 2017. Oil and gas production have grown significantly in Colorado in recent years and the industry has become a significant source of state revenue and employment, contributing approximately $1Bn in taxes and 89,000 jobs to [...]
What Are My Converse County Minerals Worth?
What are your Converse County mineral rights worth? Several variables impact the value of mineral rights, but the most important are: location, activity and commodity pricing. Location Where your Converse County mineral rights are located will have a profound impact on their value. This is because of the way oil is 'assigned' to wells. When an operator applies for a permit to drill a well, it has to denote from which acreage the oil is being extracted from. This is far from an exact science, and each state can adopt its own rules on how wells should pool. In Wyoming, the PLSS land system is used. It is a grid that divides land into 40 acre sections. These 40 acre sections are the smallest amount of [...]
How To Value Mountrail County, North Dakota Mineral Rights
What are your Mountrail County mineral rights worth? Several variables impact the value of mineral rights, but the most important are: location, activity and commodity pricing. Location Where your Mountrail County mineral rights are located will have a profound impact on their value. This is because of the way oil is 'assigned' to wells. When an operator applies for a permit to drill a well, it has to denote from which acreage the oil is being extracted from. This is far from an exact science, and each state can adopt its own rules on how wells should pool. In North Dakota the PLSS land system is used that is a grid that divides land into 40 acre sections. These 40 acre sections are the smallest amount [...]
McKenzie County, North Dakota Mineral Rights Value
What are your McKenzie County mineral rights worth? Several variables impact the value of mineral rights, but the most important are: location, activity and commodity pricing. Location Where your McKenzie County mineral rights are located will have a profound impact on their value. This is because of the way oil is 'assigned' to wells. When an operator applies for a permit to drill a well, it has to denote from which acreage the oil is being extracted from. This is far from an exact science, and each state can adopt its own rules on how wells should pool. In North Dakota the PLSS land system is used that is a grid that divides land into 40 acre sections. These 40 acre sections are the smallest amount [...]
What Are Dunn County Mineral Rights Worth?
What are your Dunn County mineral rights worth? Several variables impact the value of mineral rights, but the most important are: location, activity and commodity pricing. Location Where your Dunn County mineral rights are located will have a profound impact on their value. This is because of the way oil is 'assigned' to wells. When an operator applies for a permit to drill a well, it has to denote from which acreage the oil is being extracted from. This is far from an exact science, and each state can adopt its own rules on how wells should pool. In North Dakota the PLSS land system is used that is a grid that divides land into 40 acre sections. These 40 acre sections are the smallest amount [...]