Your post kind of got lost in the weeds. The state auctions only pertain to mineral rights owned by the state. The state owns a lot of mineral acres and auctions off leases to them several times a year to whomever wants to bid on them (after someone nominates a tract beforehand).
As to your second question, there doesn't have to be any steps because they don't have to drill. The lease can expire and then it's over with. If they do drill, they will need a drilling permit first, so watch the drilling permits and/or dockets on the NDIC O&G Div. website. On Sep 12, 4:30 pm, diver <[EMAIL PROTECTED]> wrote: > I am new to this oil lease procedure. We leased our mineral rights > in 2007to a company. In trying to figure out what is going on, I am > reading something about state lease sales and auction. What does this > mean? Do companies have to bid to get the right to drill? Does this > come after they lease specific acreages? > What are a companies steps from the point they lease until they are > drilling? thanks for any help. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
