FAQ
Straight answers before you send a deed.
- What do you actually buy?
- Mineral interests, royalty interests, non-participating royalties, and overrides in the Bakken and Three Forks — North Dakota and the Montana counties listed on The Basin page. We do not buy working interests or operate wells.
- Do you buy non-producing minerals?
- Yes. Undeveloped minerals are priced on remaining locations, the operator, and how the unit is held.
- How do you come up with a number?
- Title first, then production and inventory. We decline existing wells from public data and count remaining Bakken and Three Forks locations in the spacing unit.
- How long does an offer take?
- If the legal is clean and the well file is public, often three to five business days.
- How long to close?
- Twenty-one to forty-five days after you accept, in the ordinary case. We pay standard closing costs on deals we complete.
- Is there a minimum acreage?
- No hard floor. A two-acre NPRI in a core unit can be worth more than forty undeveloped acres on the edge.
- I inherited the minerals. Can you still buy?
- Yes. We work with personal representatives and heirs. You will need authority to convey.
- Is this a lease?
- No. We buy the interest itself, in fee, for cash. After closing you are out of the tract.
- Are you a broker?
- No. Fort Union buys as principal with its own capital. We do not charge a commission.