Industry News

Halcon reduces spending and its impact on Mineral Owners For mineral owners leased by Halcon, the impact of crude prices may become apparent soon. Halcon has announced they will make additional deductions to their spending in 2015. The good news for mineral owners is Halcon does not expect significant lost lease agreements. Meaning if you are currently leased by Halcon, it is likely they will not let it expire. With that said, anytime drilling budgets are reduced, it is not good [...]

Impact of oil prices on mineral owners The impact of oil prices on mineral owners is sometimes difficult to measure.  For properties that are currently receiving royalty income, the impact can be seen on each paycheck.  However, if your property is currently not receiving royalty income, the impact is much less clear.  We will discuss the impact of oil prices on mineral owners with both producing and non producing minerals in this article. Impact on royalty income If you are currently [...]

NARO for North Dakota Royalty Owners If you are a oil and gas royalty owner in the Bakken, and have not heard of NARO (National Association of Royalty Owners) it is time you checked them out.  NARO, like us, is dedicated to protecting the best interests of mineral owners.  We have followed NARO for years and appreciate all they do to keep royalty owners abreast of important news. What does NARO offer to North Dakota Royalty Owners? The following bullets are [...]

New Pipelines in the Bakken Energy Transfer Partners said during its most recent analyst meeting that they are still moving ahead with plans to build a pipeline between North Dakota and Patoka, Ill.  Previous announcements from ETP claim the line could move as much as 320,000 barrels a day to Midwest refineries. Enbridge Energy Partners previous announcement of a pipeline moving crude oil from North Dakota to Clearbrook, Minnesota was just approved by North Dakota regulators.  The pipeline will have a [...]

Bakken Produces Over One Billion barrels Of Crude Oil Over one billion barrels of oil have now been produced from the Bakken Region, according to IHS Inc. This is truly an incredible accomplishment for the oil and gas industry considering it was not too many years ago, oil and gas companies were struggling to keep pace with current rates of production and reliance on foreign sources of energy were increasing. The Energy Information Administration (EIA) estimates there are approximately eight billion [...]

Bakken Shale Counties The Bakken Shale is one of the largest resource plays in the world and underlies many western counties in North Dakota and Eastern Montana.  Since the first Bakken discovery well drilled in 2000, over 46,000 wells have been drilled.  The US Geological Survey estimates there are 3.65 billion barrels of recoverable crude oil, 2.0 trillion cubic fee of gas and 150 million barrels on natural gas liquids in the Bakken.  However, despite the large reservoir of the Bakken [...]

Welcome to Bakken Mineral Owner If you are a mineral owner in the Bakken and eager to learn more about owning minerals in your area, our website is for you. Bakken Mineral Owner is the resource for Mineral and Royalty owners in the Bakken. "Take the attitude of a student, never be too big to ask questions, never know too much to learn something new." Og Mandino Our goal at Bakken Mineral Owner is to educate you about the value of [...]