12 Well Package (Producing MI/RI) – Bakken Shale Dunn, North Dakota    

Bakken Pool - Bailey Field

This lot contains various royalty interests (producing minerals) in twelve (12) wells located in Dunn County, North Dakota. Operated by Marathon Oil Company of Houston, Texas.

Combined, these wells are currently producing an average of approximately 11,009 BOPD and 7,486 MCFPD.

Income represents 1/8th of seller's total interest.  The monthly net revenue conveyed averages $226.83 based on four months of revenue. The listed income is a historical monthly average from operator statements and is not a future prediction. In making a bid or offer, Buyer has or will rely solely on Buyer’s independent examination of the properties offered for sale, taking into consideration variables such as the type and age of wells, their location, their future decline, etc.  MCEE does not predict or warrant future income to be derived from the properties offered for sale.

Note:  The Revenue Statement included in the data package is for information purposes and is not representative of the interest owned by the seller or what is being conveyed in this lot.  See chart above for the conveyed decimal interest.  

Effective July 1, 2025

IRS Sec. 1031 EXCHANGE. The Seller intends that the sale of this property will qualify as a tax-deferred exchange under Section 1031 of the Internal Revenue Code. Buyer is hereby notified Seller has assigned its rights as Seller in Mid-Continent Energy Exchange LLC’s (“Mid-Continent”) online oil and gas market place, to Petroleum Strategies, INC. (“PSI”), in an Assignment of Rights in order to effect a like-kind exchange of property under IRS Section 1031 Regulations, as provided for in arrangements made a part of the Mid-Continent listing.

MCEE Land will record the conveyance for the winning bidder.  Once received the operator will be notified of the new ownership and provided a copy of the recorded conveyance.  The original recorded instrument will be mailed to the buyer with operator contact info included.  The recording, notifying and document fees are $135.00 and will be added to the invoice.

Click on the Documents tab for the Data Package which includes a draft of the conveyance that will be recorded.  When the auction is complete, please provide title information to info@mceeauction.com within 24 hours to start the filing process.