This form is an agreement that is used by the Parties that are the owners of working, royalty, or other oil and gas interests in the unit area subject to this Agreement. It is pursuant to the Mineral Leasing Act of February 25, 1920, as amended, 30 U.S.C. Sec. 181 et seq., authorizes Federal lessees and their representatives to unite with each other, or jointly or separately with others, in collectively adopting and operating under a unit plan of development or operations of all or any part of any oil and gas pool, field, or like area, for the purpose of more properly conserving the natural resources whenever determined and certified by the Secretary of the Interior to be necessary or advisable in the public interest.
North Dakota Exploratory Unit Agreement
State:
Multi-State
Control #:
US-OG-737
Format:
Word;
Rich Text
Instant download
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FAQ
There are currently 11 frac crews operating in North Dakota, up from a low of just one during the pandemic price collapse but well below the numbers typical for today's high prices.
The state produced an average of nearly 1.2 million barrels of oil per day in August, a 3% rise from July.
North Dakota Inland Rig Count is at a current level of 29.00, down from 30.00 last week and down from 36.00 one year ago. This is a change of -3.33% from last week and -19.44% from one year ago.
The number of oil and gas wells in production in North Dakota was 18,380 in August 2023, a change of +1.1 percent from the prior month and +4.2 percent from one year ago. Approximately 8 in 10 oil and gas wells are located in the four core oil and gas producing counties.
The mineral rights value in North Dakota is typically be between a few hundred per acre and a couple thousands per acre for non-producing/non-leased mineral rights. A lot will depend on which county you are in. If you have mineral rights in McKenzie County North Dakota you are going to see more demand than other areas.
North Dakota Oil & Gas Activity Stats CategoryLast Year ValueCurrent Year ValueTotal Wells39,95840,861Total Producing Wells19,31320,099Percentage of Wells Producing48%49%Active Producers1161133 more rows
38-08-08. When two or more separately owned tracts are embraced within a spacing unit, or when there are separately owned interests in all or a part of the spacing unit, then the owners and royalty owners thereof may pool their interests for the development and operation of the spacing unit.
By October 2020, total oil rig count in the state had fallen dramatically. ing to the North Dakota Department of Mineral Resources, the total oil rig count in the state had fallen from 58 active rigs on October 3, 2019, to only 11 active rigs on October 3, 2020, a reduction of over 80 percent.