Mountrail County mineral rights and royalty buyers

Mountrail County at a glance

Mountrail County lies in northwestern North Dakota, east of Williams County and north of Lake Sakakawea. Stanley, on U.S. Highway 2, is the county seat. Other communities include Parshall, Ross, and White Earth. Part of the Fort Berthold Indian Reservation, including the town of New Town, lies within the county.

Agriculture is still a large part of the local economy, and the oil industry sits alongside it on the same ground. Many Mountrail families own minerals under land they have farmed or ranched for generations.

What Mountrail County sellers should know

Check whether your minerals sit inside the Fort Berthold Reservation boundary. Fee minerals and trust minerals are handled differently, and a sale of trust interests requires federal approval. We will tell you plainly what we can and cannot buy.

Pay attention to the type of interest you hold. A mineral interest includes the right to lease and to share in bonus and royalties. A royalty interest generally gives the right to royalty payments only. Non-participating and overriding royalties have their own limits. We read the deed language to confirm which one you own.

Keep your royalty checks and division orders. Statements usually show the operator, the well names, the decimal, and the taxes withheld. If payments have stopped or you have not received a check in a while, send us the legal and we will look at whether the minerals are leased and producing.

How Fort Union buys in Mountrail County

We buy as principal, with our own capital, and we do not charge a commission. The process has four steps. First, you send the county and legal description, plus anything else you have, such as net acres, a decimal, or a royalty stub. Second, we build the runsheet and map the tract into current spacing. Third, you receive a written cash offer that states the interest we think we are buying and the assumptions behind the number. Fourth, if you accept, we draft the mineral deed, handle tax pro-ration and recording, and wire the funds at closing. Typical close is 21 to 45 days, and we pay standard closing costs on deals we complete. You can read the full steps on the process page.

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