Kansas ranchers selling oil rights for big profits - BusinessWeek

An oil rush is occurring along the Kansas-Oklahoma border, where residents are seeing fierce bidding wars and receiving some of the highest prices in recent history for the oil lease rights for their properties.

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Much of the recent activity is occurring in an area spanning 160 miles from east to west and 100 miles from north to south along the Kansas-Oklahoma border known as the horizontal Mississippian oil play. Some of the lease buyers work for major oil companies and others are independents hoping to flip their leases to the oil companies, The Hutchinson News reported Friday. In Barber County, registrar Susan Hubbell says her office is recording 400 documents a day, compared with the usual 400 a week. "It's really put a burden on all the courthouses," said Harper County Register of Deeds Rhonda Berry.

Kansas ranchers selling oil rights for big profits - BusinessWeek