the u.s. shale oil boom, page-75

Nice money if you can get it.18.5% royalty ! I think TB should employ this guy for our future negotiations,makes our 3.8% look very small,lol


"Banks family earlier this month signed a three-year lease with North Dakota-based Diamond Resources, which represents oil company clients. If the wells end up producing, his family will receive an 18.5 percent royalty on the pumped oil on top of the $400-per-acre flat fee $64,000 the oil company, which remains undisclosed, pays to gain access to the minerals under the property."

Do not ever sell

The stream of lease queries the Banks family has fielded is likewise playing out on lonely ranches and farms across Niobrara country, which stretches across northeastern Colorado and into parts of Wyoming, Nebraska and Kansas. Oil and gas companies are aggressively moving to tap the Niobrara shale formation,



UNEARTHED POTENTIAL