North Dakota is renowned for its robust oil and gas industry, powered by formations like the Bakken Shale. This state is among the largest producers of high-quality crude oil, contributing significantly to national energy independence. Mineral rights owners in North Dakota benefit from a strong demand for resources, creating an environment rich with opportunity for leasing or selling.
North Dakota is renowned for its robust oil and gas industry, powered by formations like the Bakken Shale. This state is among the largest producers of high-quality crude oil, contributing significantly to national and global energy needs. Mineral rights owners in North Dakota benefit from a strong demand for resources, creating an environment rich with opportunity for leasing or selling.
A cornerstone of the Williston Basin, the Bakken Shale is one of the largest oil-producing formations in the U.S. Its consistent production and high resource potential attract strong operator interest, making it a prime opportunity for mineral rights transactions.
Our goal is to keep you well-informed and confident every step of the way. Here’s a brief overview of our process…
We begin the process once we receive the executed Purchase and Sale Agreement (PSA) from you. This marks the official start of our acquisition procedure.
Our thorough due diligence process involves sourcing ownership documents, compiling detailed runsheets, calculating exact tract ownership, and final verification by our Title Attorneys for accuracy.
We send you a proposed Mineral & Royalty Deed for your review. Once you approve, sign, and notarize the deed, we proceed to the next step.
After you send us a digital copy of the signed and notarized deed, keep the original until you receive payment confirmation.
Upon receipt of the digital copy of the executed deed, we will transfer the agreed purchase price in full using your preferred payment method (wire transfer, check, or cashier’s check).
After confirming receipt of funds, please overnight the original deed to Paint Rock Royalty at 1300 Summit Ave., Ste. 510, Fort Worth, TX 76102.
If you’re considering selling or leasing your North Dakota mineral rights, here are some common questions from landowners:
North Dakota’s significant oil and gas production is primarily derived from the Bakken Shale and Three Forks formations, both located within the Williston Basin. These formations have been central to the state’s energy boom, contributing to its status as a leading oil producer in the United States.
This question highlights the Bakken Shale and Three Forks formations, providing specific information about North Dakota’s key oil-producing regions.
Several factors affect the valuation of mineral rights in North Dakota, including:
The answer outlines the steps involved, including evaluation and receiving offers, offering a clear roadmap for potential sellers.
Deciding between leasing and selling depends on your financial objectives:
Leasing: Allows you to retain ownership of your mineral rights while receiving bonus payments and potential royalty income from production. This option provides ongoing revenue but comes with uncertainties related to production levels and market prices.
Discover how to maximize your mineral rights value. Get your report today.
