The Bakken Formation lies under roughly 200,000 square miles of land in Canada, North Dakota, and Montana, and is one of the largest producing oil fields in The United States. This formation produced relatively small amounts of oil and natural gas up until the advent and widespread usage of hydraulic fracturing. Hydraulic fracturing gives oil and gas operators the opportunity to extract reserves that were previously inaccessible. The formation began to get attention when those who were operating (drilling wells) within it found that they were recovering astonishing amounts of oil. In the years since production has only increased, according to the US Energy Information Administration in the month of September (2012) alone North Dakota produced at least 21 million barrels of oil.
Many residents in these oil producing regions receive letters, phone calls, or knocks on the door asking if they would be interested in selling or leasing their land. Some choose to sell or lease, others chose to retain full ownership, some chose to sell or lease only a portion. For those of you who own mineral rights in North Dakota and Montana choosing the best option can be a very difficult task. Owners are faced with the option of leasing or selling, bombarded with offers, and often times must contend with tedious tax work and estate planning all at the same time. At BakkenMineralRights.net we offer an easy stress free liquidation solution for mineral owners across the country. Our knowledgeable staff is happy to answer any and all questions you have, as well as working with you to develop an agreement that is beneficial to both parties.