Northern Energy Corporation
Bismarck, North Dakota, United States
Northern Energy Corporation
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Leasing and Acquisitions in the Williston Basin. A family owned, independent oil and gas company headquartered in downtown Bismarck, North Dakota.
About Northern Energy Corporation
Northern Energy Corporation is a family owned, independent oil and gas company headquartered in Bismarck, North Dakota.
Northern Energy Corporation was incorporated in 1980 by Clark Crawford Senior and current president, Clark D. Crawford, and is engaged in the acquisition of minerals and mineral leases in the Williston Basin across North Dakota and Montana.
Description of Services
Why Sell?
I. Estate planning
Selling can allow a smooth transfer of assets to heirs and remove some of the complications that can arise from transferring mineral ownership. It can also prevent the mineral rights from losing value by eventually fractioning into very small interests.
II. Flexibility
The lump sum payment received from selling mineral rights provides flexibility for the mineral owner in managing their finances. The money can now be used for debt repayment, investment opportunities, college funds, vacations, or any other needs.
III. Avoid Volatility
Selling mineral rights provides an immediate lump sum of cash to the mineral owner that guarantees you make money. This certainty contrasts with the volatile income associated with royalty payments, which tends to decrease over time.
What we do
Why Lease?
I. Reduce Risk
Participating in the drilling of a well or wells is very expensive. By leasing the mineral rights, the mineral owner (lessor) transfers the risk to the oil company (lessee). The company pays to drill, and if the drilling is unsuccessful or costly, the lessor experiences no loss.
II. Get Paid
When you lease your mineral rights, you receive an upfront bonus based on the number of acres you own. If a well is drilled, you also receive a periodical royalty payment based on how much it produces.
III. Allow for Exploration
If a company is looking to drill for oil, but does not own the mineral rights, they have to sign enough leases to cover where they want to drill. In leasing your mineral rights, you can allow for oil to be drilled and make money from it.
Life at Northern Energy Corporation
Acquiring
We acquire mineral rights so that we can expand our reserves and diversify our current portfolio. In doing this we help people cash out on mineral rights so that they do not have to take the risks involved with holding on to them. We provide a large, upfront payment so that mineral owners can guarantee a certain profit.
Leasing
As an oil company, we are actively engaged in the exploration and development of oil and gas. For this reason, we sign leases with mineral owners so that we can take the risk of paying for wells, and they can enjoy a large upfront bonus and periodical royalty payments without having to spend any of their own money.
