Bakken Energy Service feels “Oil found under the private land owners in North Dakota is the key to the increase in oil production in the United States of America.” The US Federal Government owns a shocking 640,000,000 acres of US land, almost 28% of all US land. http://management.fortune.cnn.com/2012/09/27/john-malone-billionaire-landowner/?iid=SF_F_River. How does that compare to the largest private land owner?
The media billionaire John Malone now owns 2.2 million acres, putting him ahead of his pal Ted Turner as the nation’s No. 1 landlord.
By Jeff Hull, contributor
Malone bought the 290,000- acre Bell Ranch in New Mexico in 2010 for a reported $65 million.
FORTUNE — On the Colorado High Plains, John Malone sits in a generous — but not grandiose — corner office on the second floor of a blocky, granite-faced building in a nondescript corporate park in Englewood. If, in real estate, location is everything, it’s curious that the largest private landowner in America chose an office location, an hour from downtown Denver, that … well, it isn’t much. Not much to look at, anyway.
But the building and its location are Malone writ large: standalone, brawny, and commanding views of clean sky and snow-capped mountains shining like chrome in the distance. Malone, 71, whose thick hair is as white and flawless as his wrinkle-free shirt, sits behind his desk wearing an elegant rose-colored tie and tells a visitor, “My wife and I are going to look at something that’s for sale on Friday.”
The United States is one of only a few nations on the planet that allows natural resources and minerial rights to be owned by private individuals states Bakken Energy Service CEO/Founder Tim Fisher www.bakkenenergyservice.com . Oil found under the private land owners in North Dakota is the key to the increase in oil production in the United States of America. The US Federal Government owns a shocking 640,000,000 acres of US land, almost 28% of all US land.