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Mandated DisclosuresMineral DisclosureMEDIUM

North Dakota oil and gas activity disclosure:

Correct Answer

B) Sellers should disclose known mineral leases and production on or near the property

Given North Dakota's Bakken oil activity, sellers should disclose known mineral leases, drilling activities, and related easements. This is a material condition affecting property use and value.

Answer Options
A
Not required
B
Sellers should disclose known mineral leases and production on or near the property
C
Only for commercial
D
Federal requirement only

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Related Topics & Key Terms

Related Topics:

mineral-rightssurface-damageBakken

Key Terms:

oil gasBakkenmineral leaseND specificdisclosure
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