North Dakota-Owned Oil and Gas Mineral Rights Valued At $2.8
Oil prices have bounced back since 2020 and both oil and natural gas production is growing. First International Bank & Trust’s MineralTracker recently produced and presented a 40-page summary to the North Dakota Land Board estimating the total value of North Dakota-owned oil and gas mineral rights at $2.8 billion, an 18% increase from prior year. Joel Brown, Mineral Services Manager at First International Bank & Trust, says that North Dakota’s mineral rights may bring in an estimated $10 billion in royalties over the next few decades.
Who is FIBT?
First International Bank & Trust (FIBT) is a full-service, family-owned, independent community bank serving a wide range of communities across North Dakota, South Dakota, Minnesota, and Arizona.