how much money do oil wells in nd ( North Dakota's ) make

how much money do oil wells in nd ( North Dakota's ) make : With talk of thousands of oil wells potentially being drilled in Bottineau County, area farmers began to worry about the possible impact of those wells on agriculture. With the number of wells projected, the number of acres lost to sites and roads would be substantial. Depending on the placement of wells, it would be four to five acres lost per site with one site on every 40 acres (that’s four oilwells per quarter of land) for a possible loss of 20 acres out of every 160!

House Bill 1241 Addressing Landowner Concerns Passes North Dakota House
Area farmers set up meetings in November of 2010, expecting about 50 people or so to come. There were about 150 people there. On December 15, 2010 the Northwest Landowners Association was organized. A thirteen member board was elected with Myron Hanson of Souris elected as chairman. Troy Coons from Donnybrook is vice chairman, Daryl Peterson of Antler is secretary and Bob Grant from Berthold is treasurer. With a $100 membership fee, 192 people have signed on as members so far. Read More...

Mideast turmoil boosts oil prices
Oil companies have been drawn to the Bakken since hydraulic fracturing, horizontal drilling and other new technologies made extraction and production more economically viable in recent years. With rising oil prices — reaching $102 a barrel today — those companies have put up impressive financial numbers. Read More...

ND oil boom outpaces oversight
Lynn Helms, director of the state Department of Mineral Resources, says staffing is designed to handle 100 rigs and about 5,000 wells. A record 169 rigs were drilling on Wednesday and more than 5,300 wells were pumping oil Read More...

North Dakota pumps record 113 million barrels of oil in 2010
The state set production records almost monthly in 2010, jumping from an average of 236,200 barrels daily in January to nearly 343,900 in December. A record 356,505 barrels a day was pumped in November, with nearly 10.7 million barrels produced for the month, state documents show. Read More...

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