About Black Bear Resources
Black Bear Resources is a limited liability company formed in Delaware in 2011. Our principal office is located at 10390 39th Street, Suite 4, Lake Elmo, Minnesota. We focus on a "non-operator" model for participating in oil drilling and extraction in the Bakken and Three Forks shale formations in western North Dakota and eastern Montana, as well as similar formations across the U.S.
The Bakken and Three Forks formations are part of the Williston Basin, a region known for its rich deposits of oil, natural gas, and potash across eastern Montana, western North Dakota, South Dakota, and southern Saskatchewan.
As a non-operator, Black Bear Resources owns interests in mineral rights for drilling operations but does not directly handle drilling. Instead, we partner with operators who manage the drilling process. In exchange, we contribute to drilling costs and share in the profits. This model allows us to invest in high-potential opportunities while keeping overhead, capital expenditures, and employee needs low.
Our two main goals are:
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Build, manage, and trade an inventory of oil, gas, and mineral leasehold interests to generate profits and position the company for future non-operator participation in oil and gas exploration.
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Increase revenue by investing in drilling and completion costs as opportunities arise.
Since 2011, Black Bear Resources has benefited from:
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A strong management and operations team with proven local expertise.
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$15 million invested in acreage and over 200 gross wells.
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Partnerships with leading operators in the industry.
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An extensive local network for access to prime acreage.