Bowbells, Powers Lake, Flaxton: a thinning Bakken flank layered over Madison conventional pools that have been producing since long before the shale era.
Burke County runs along the Canadian border in northwest North Dakota, and it holds two entirely different assets under the same county line. The southwest corner catches the thinning edge of the Bakken. The rest of the county produces from Madison Group conventional pools at Northwest McGregor, Flaxton, and Portal that predate the shale era by decades.
Those are not the same investment and should not carry the same multiple. Bakken flank acreage is priced off modern well decline and whatever remaining locations the spacing unit supports. Madison stripper production is priced off a long, shallow, predictable tail with essentially no development upside. Continental, EOG, Chord, Petro-Hunt, Hunt, Cobra, Eagle Operating, and about twenty other operators carry production here.
Burke has no tribal lands. It does have federal refuge surface and classic homestead era severances, so split estate is common and worth establishing before anyone quotes a price. Send us whatever paperwork you have, or just a county and a family name, and we will tell you what you own, what it is worth, and whether you should keep it.
The southwest edge of the county, thinning toward Mountrail and Williams. Real but marginal compared with the core.
Legacy conventional pools at Northwest McGregor, Flaxton, and the Portal area. Shallow, long lived, and still paying.
Wherever your tract sits in Burke County, we will research it free and value it with the work shown.
We buy in every North Dakota county, including ones without a page here. See the full county index or the North Dakota overview.
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