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Minot bump!
No Plan, No Leadership! -- We much resist! I say we much!
Countdown until Zer0 leaves Office: 482 days as of September 25, 2011.
Posted on 09/25/2011 7:19:49 PM PDT by roses of sharon
Two years ago, America was importing about two thirds of its oil. Today, according to the Energy Information Administration, it imports less than half. And by 2017, investment bank Goldman Sachs predicts the US could be poised to pass Saudi Arabia and overtake Russia as the world's largest oil producer.
Places like Williston are the reason why.
"For many years, they knew that there was oil in that area, but the technology wasn't available to get it out," the town's mayor, Ward Koeser, tells weekends on All Things Considered host Guy Raz.
But in the last few years, advances in such technologies as "fracking" and horizontal drilling have made, by some estimates, as much as 11 billion barrels of oil available in the Bakken formation under North Dakota and Montana.
"There's oil companies coming from all over the country now." Koeser says.
Williston has skipped the recession entirely. Unemployment there is less than 2 percent. The population, the mayor estimates, has grown from 12,000 to 20,000 in the last four years.
"We actually have probably between 2,000 and 3,000 job openings in Williston right now," Koeser says.
(Excerpt) Read more at npr.org ...
great.
now stop the enviro’s from attacking fracking.
Thanks, roses of sharon.
I read recently there are 20,000 jobs available in this state.
So they can concentrate on attacking oil sands?
I'll be damned...
somebody would have heard something already don't you think?
"We actually have probably between 2,000 and 3,000 job openings in Williston right now," Koeser says.
Amd the environmentalists, the EPA and the Obama administration are really, really pissed off...
Read the comments, you can tell you are on NPR . . .
We could provide ALL of our energy needs and they would still be bemoaning the lack of solar, wind, hydro, etc.!
“There is a danger, here – the fact that we drill so many wells,” he says. “If you look at the numbers of wells that have been drilled in North Dakota, just in recent times, the numbers of wells are huge, which increases the opportunity for bad things to happen environmentally or procedurally in developing the resource. We also are not dealing, of course, with the question of greenhouse gases and carbon dioxide as we continue our hydrocarbon dependence.”
Leave it to NPR to get the AGW plug in there.
And NPR has just NOW discovered there is the eeeevil oil in North Dakota.
It might help if we had politicians that didn't want to precide over The Decline and Fall of the American Civilization.
I have nothing against the development of the feul of the twenty-fifth century. It would be less painful if we could develop it in prosperity.
Now that its on NPR, you can bet its on their radar screen.
FReepers would find the comments following the article amusing in a “sheesh!” kind of way. The enviro and economic wingnuts are running amok over there but since it’s NPR, I guess it’s expected.
Hey, you're right!
Most of them are largely illiterate...
I always enjoy news about North Dakota’s oil boom, since #3 son is out there working his hiney off making lots of oil for us evil Americans! Williston isn’t the only place on the ND map with lots of activity, and the employment pressure is gradually moving eastwards toward Minot.
North Dakota is doing well INSPITE OF Obama, not because of Obama. If the EPA and liberals had their way, the entire energy revolution occuring there would be stopped tomorrow.
gotta shut it all down, we shouldn’t be making use of our own domestic oil and gas reserves....
that would make far too much sense for our economic and security interests....
/sarcasm
Solar and wind they like, but they also hate hydro.
Actually, they don’t really like solar and wind either, if its anywhere near them.
You have to state in the deed when you sell the land that you retain the mineral rights, you sell the surface only.
Good for him!
So, how does he like the work?
Very simple. If you were the original deed holder of the land, you owned everything under the ground within the boundaries of the parcel and the air rights above your parcel.
When you own real estate, you might own different types of rights, depending on the geography of your property. You own hunting rights; if your property is adjacent to water, you would own “riparian rights”, which probably include fishing rights as well as the right to put a boat in the water.
Over time, owners of surface rights might have sold the mineral rights and/or water rights to a third party (these are “severable”). For example, if you were to take a look at land records in, say, the counties in southern Illinois, you would find that many landowners have sold the mineral rights (these counties are in a coal, gas and oil belt).
Another type of right that attaches to the original ownership of land is “air rights”. These are separated when, for example, a multi-story condominium building is constructed.
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Minot bump!
No Plan, No Leadership! -- We much resist! I say we much!
Countdown until Zer0 leaves Office: 482 days as of September 25, 2011.
Resist We Much!!
How much do we export? I bet if we did start drilling half of it would go outside the US.
It might help if we hung, shot or permanently deported politicians that want to preside over The Decline and Fall of the American Civilization.
There. That looks better. And it would make a very good start.
he’s been working in the oil patch for several years. Got his start on the Slope working for Schlumberger, and has moved around quite a bit since. He now works for IPS, and simply loves it. The pay is good, the hours are long, the winters are about like the North Slope, and, aside from the bugs in the summer, floods in the spring, etc., he will be there a while. Lots of work there, but no housing, unfortunately. They must have gotten the last house in the area, and that was through a fluke.
Geeze, there is nothing new about fracking a formation, been ongoing for 80 years. Directional drilling is not new either, Remember in Cook Inlet back in 1970s, some of our wells bottom hole off the production platform were three mile away horizontally.
I well remember Stanley ND, works on couple exploratory wells there in 1978. Place where we stayed and ate was certainly different, was during spring breakup and water ran in the front door, across the floor and out the back. IIRC, was called the Three Way Inn.
If it was originally railroad land, they still hold the MR. Most original owners always retained the MR when sold.
We could use the NPR forum to identify those who desperately need re-education, like the poster with the idea of powering the world with stationary bikes and we pay people to pedal them to produce electricity. Big factories in every city with thousands of stationary bikes.
Agreed...we should have sacked DC right after those bastards passed Obamacare.
County offices will have the info
I find it interesting because I live here. Thanks for posting.
I was born and raised in Grand Forks, so I am glad to hear my home state is doing well. North Dakota is a great place to live, if you can handle the winters.
There are some new wells, both oil and natural gas, being drilled here in Central Kentucky.
I live west of Minot. I can handle winters alright, worked out in it for years. We do have four very definite seasons here. The oil boom has really boosted the economy but it does bring about a whole new set of challenges such as the article mentions. One thing, fast food places are paying anywhere from $10 to $18/hr.
Regards
“anybody know HOW mineral rights are determined?”
There should be something in the deed. One would have to go back in the deeds to the times your family owned the property and see if they RETAINED the mineral rights when they sold the property. Mineral rights are also quirky from one state to the next.
PA is one that seems to separate gas from mineral rights.
Next to nothing in crude oil. Essentially all we do export goes to Canada. It is simply a case of sending the oil to the closest refinery.
Crude Oil Exports by Destination
http://www.eia.gov/dnav/pet/pet_move_expc_a_EPC0_EEX_mbblpd_a.htm
Just remember, those behind the push for “green” or “renewable” energy know full well that green energy is incapable of supporting a capitalist economy, and that’s the whole reason to push it.
Only “fossil” fuels are capable of supporting a free market and a free people.
Soylent Amperage?
or, especially for oil and other mining operations, a lease man will come around and buy or more often lease the mineral rights to the property. There is also a contract saying how the company will be allowed to enter the property to drill or mine. the contract will detail how the owner will be paid for the lease and royalties from the oil or minerals extracted
A land man will determine who has the mineral rights to each property being leased and what % of the minerals each owners through the deed of record in the courthouse.
Just because someone owns the surface doesn't mean they own the minerals. You can sell the surface and retain all the minerals or just part of the minerals ( at least you can in Texas, and as far as I know the only state that is different to some extent in LA) and that will be reflected in the deed. You could have 100 mineral owners at 15 each and none would own any surface.
I was in the oil business, and I get a royalty check every month for a well on our property this is nothing new to me.
Also, a surface owner that doesn't own the minerals cannot stop the production of minerals under their property. They can be a pain in the ass for an oil co to come on the property, but they cannot stop them.
Someone owning a small % of the minerals under a property con not stop the production of the minerals by not signing a lease.
You will also, in most cases, have a unit designation for a well.
Just because a well in sitting on your property doesn't mean you are going to get 100% of the royalty's from the well. The unit may extend onto other properties. You will get the % of the royalties for the % of the unit on your property.
For example. Lets say you own 50% (1/2) of the minerals under 5 acres of land. A well is drilled on the land under which you own 50% (1/2) of the minerals. The unit designation for the well is 10 acres. The very best you can get for your property would be 50%(1/2) of the unit. The very best royalty you could get would be 50%(1/2) of 50%(1/2) or 1/4 of the royalties. Royalties are generally no more than 1/4, so you would have 1/4 of a 1/4 or 1/16th of the well. A good well, you could make out like a bandit.
I am totally cynical of the left wingers. I believe they are deliberately trying to destoy the economy, to implement socialism/communism. Your thoughts?
That’s my point.
Pushing green energy is a deliberate attempt to destroy capitalism.
Agree.
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