Tuesday, November 17, 2020

Mom-And-Pop Mineral Owners In North Dakota Doing Quite Well, Thank You -- November 17, 2020

For mom-and-pop mineral owners this is a nice statistic to see. The average number of bbls/well/day in North Dakota has increased from a low of 70 earlier this year to 82 in the most recent month for which we have data. Eighty-two is a pretty good number in the big scheme of things. 

At the end of the day, mineral owners like to see higher-priced oil and the average amount of oil per well produced go higher. 

From 70 to 82 represents a 17% jump in royalties, all things being equal. From the NDIC:


  1. As this "Mom and Pop" owner can attest. Last three months have been a steady increase

    1. Awesome. I enjoy it vicariously. Wishing you the best going forward.