Sigvardt Petersen Family

A Place To Discuss Peterson Family Matters, and Oil, Gas, and Mineral Rights

mment by Kristie Marie Tveden Evans 1 minute ago Delete Comment Hi Family, This is Kristie Tveden Evans here. I've been digging in and searching out the family mineral rights and everyone's informati…

mment by Kristie Marie Tveden Evans 1 minute ago Delete Comment

Hi Family, This is Kristie Tveden Evans here. I've been digging in and searching out the family mineral rights and everyone's information has been helpful.  First of all this man that has contacted Aunt Ellen, George and myself is very aggressive and lists himself as a "Lease Hound" and cattleman on Linked In. I find that appropriate .  Im sorting through all the lease offers Dad had and putting together a timeline. Our mineral rights include more than one legal description and covers four different sections.  A section is one square mile.  I'm tying to find what previous drilling has been done.  The newly elected governor has made it his goal to pump twice as much oil next year.  It appears are area is relatively untapped.  It is in the center of the biggest sweet crude basin. So the push is on by investors.  His company is a conglomerate of at least ten companies that are privately owned by fourteen investors. They only buy the mineral rights to the most profit promising acquisitions .  Don't sell out yet!!! I'm a dog with a bone this time around.  Let's learn what we've really got and make a wise decision to lease not sell.

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Comment by Karen Louise Tveden Caton on November 30, 2017 at 4:45pm

Yes, Rial Genre of Arkoma Bakken PH#701.690.4386 contacted me as well with regard to the Sections 20 & 23 mineral rights owned by my mother, Leona Tveden. He said is'e an employee of the company, which is based in Rockwall, Texas, but that he works out of the North Dakota office. He said he is an employee of Arkoma Bakken, who buys leases and does title work and that "he is buying Vivien's and Ellen's interests. Ha! He offered $3500 for Section 20 and $4000 for Section 23 (because #23 portion was larger). Ha! I told him Mother wasn't interested in selling, but he could send her a written offer if he liked. Calling her on the phone is counterproductive since she is hard of hearing. I'm sure glad Kristie is putting her hat in the ring to pull together some info. Gail and I have been scratching our heads about exactly what mineral rights Sigvart passed along to his children because the original Patent for his homestead dated June 13, 1914, was only for 240 acres in Section 23, T150N, R97W. So to also have mineral rights in Section 20, 29 & 32 is mind-boggling. Where did those come from? Looking forward to the results of your research. 

Comment by Kristie Marie Tveden Evans on November 30, 2017 at 7:52pm

This "Lease Hound" has been dogging my cell phone every morning between 10:19-10:23 am every morning/  He must have a an alarm clock set for my call.  Now he's starting calling my land line, emailing and texting.  Im talking with Aunt Ellen and she is not selling. She has other offers we are going to discuss this weekend. I want to document who is offering what?  So if you have any current written purchase offers or old lease offers I would like to use them to compile the information which will be shared with all the family.  I have not seen anything with Section 32. Do you have a Township and Range  with description for the Section 32?  Dad had lease offers on Sections 14, 20,23, 29. Thanks Karen, I have more to share and will post more on Saturday.  Hugs

Comment by Karen Louise Tveden Caton on December 1, 2017 at 8:05am

Good grief! Have you not actually talked with him and told him to go take a flying leap? "Don't call me; I'll call you should I change my mind" sort of thing? The only "offer" I've heard is the $7500 oral one from Mr. Genre because I'm only an intermediary contact to get to my mother. But I pump for information when they call so I can get a "feel" for what their interest is. Molly, who contacted Gail on Mom's behalf first called me trying to convince me to pay $2000 to probate Viola's estate so we could get the money Continental is holding in abeyance awaiting proof of "clear" title. Rial seemed to think that while XTO would accept merely Dad's death certificate in the case of distributing Dad's share of Viola's 1/11th interests in the Section 32 well but that PR Deed are required by Continental. I don't really know if that's "legal" or even a legitimate reason for holding out proceeds without contacting a North Dakota attorney. Catch 22.

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