Early on in the Bakken, there were many reports of small mom-and-pop mineral owners becoming millionaires overnight.
A lot of these folks were farmers who happened to still hold their mineral rights after all these years.
In the early days of the Bakken, operators were drilling as fast as they could for many reasons, but mostly to hold the leases by production.
To drill that fast, operators often drilled one well in any given spacing unit
Often, the small mom-and-pop mineral owners were "living" off one well. And still becoming millionaires. Maybe some hyperbole, but not much.
Fast forward to 2022. Now, it is the norm to drill mega-pads with six wells on each pad.
Can you imagine a small mom-and-pop mineral rights owner with one well all these years to now see six new wells coming in. All at once. And with oil at $110 / bbl.
What a great country.
Yesterday, as the most recent example: Oasis with six new permits on one pad. That's been the norm for quite some time. Pioneered by Harold Hamm, one might argue.
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