Finally, some good news in real estate. This story is about location, location, location!
By JAMES MacPHERSON, Associated Press Writer Mon Jun 30, 5:00 AM ET
BEULAH, N.D. - Oscar Stohler was raised in a sod house in western North Dakota and ranched there for nearly seven decades. He never gave much thought to what lay below the grass that fattened his cattle.
When oilmen wanted to drill there last year, Stohler, 83, doubted oil would be found two miles underground on his property. He even joked about it.
In less than a year, Stohler and his wife, Lorene, 82, have become millionaires from the production of one well on their land near Dunn Center, a mile or so from the sod home where Oscar grew up. A second well has begun producing on their property and another is being drilled — all aimed at the Bakken shale formation, a rich deposit that the U.S. Geological Survey calls the largest continuous oil accumulation it has ever assessed.
Good for you Oscar and Lorene! Anyone want to buy a nice little sod house in North Dekota? I can make a call!!!!
Anything wonderful happen in your neck of the woods that was newsworthy? If so, please tell me about it.
It's a good life!
Nancy
Monday, June 30, 2008
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