ROI Potential – Oil Wells, Farming & Wind – 800 ac. Noonan, ND
Here is a rare opportunity to buy a one ninth share of 800 acres of farmland (undivided interest) south of Noonan ND. This includes the owner’s mineral rights (which includes three oil and gas wells) and income from the current farmer who cash rents the 800 acres. The 800 acres is broken into 2 parcels, and 640 acres are contiguous while the remaining 160 acres is only 2 miles from the 640 acres. This land is located directly in the middle of the western ND waterfowl flyway. Owning these 88.8 acres (unspecified acreage) would allow the buyer full access to 800 acres of hunting on some of the best waterfowl property in North Dakota with many significantly-sized bodies of water throughout the local area to include some directly on the property. The property is also excellent for pheasant hunting as well as deer hunting. Park your camper on the land for the hunting season! Build your duck and goose blinds!
The farmland is currently being rented on a yearly contract basis. The annual cash revenue for the owner’s share of the land to include royalties for three working oil and gas wells and cash rent from the farmer has generally been $5000 to $6000 per year. The current owners have documentation for the cash rent and well revenue. The current income revenue generated from the 1/9 ownership can change drastically with the price of Oil per barrel. The income numbers given were from last year with the lowest oil prices in some years. Please call us with any questions.