Mineral Rights: The Basics

Because oil was discovered in North Dakota in the early 1950s, oil and gas law in the state is relatively new and continues to evolve. As the courts interpret existing laws and new legislative statutes are enacted, revisions are made to Chapter 38 of North Dakota’s Century Code (Mining and Gas and Oil Production). “We… [More…]

Global Production: A Multi-National Industry

United States’ onshore oil production could increase about 75 percent by 2022, and North Dakota would be a primary contributor, according to a recent report. “[The U.S.] is going to continue to drill quite aggressively,” said Chris Micsak, oil analyst with BENTEK Energy, a Colorado-based energy market analytics company that provides data-driven research and market… [More…]

Production Sustainability: The Leaps and Bounds

Oil production in North Dakota’s Bakken and Three Forks Formations is at record highs and growing, but is it sustainable at current levels? For how long? “Our growth has been extremely rapid. Technology and price have come together with the geology,” said Ron Ness, president of the North Dakota Petroleum Council, a 60-year-old organization that… [More…]