140619_HER07_01

Montana

Jun 27, 2014

140619_her07_01Dennis Trudell

Age: 67
Hometown: Fairview
Cause: Support for mineral rights holders

In 1982, Trudell was introduced to the Northeast Montana Land and Mineral Association while negotiating with oil companies looking to drill on his property. He’s volunteered with NMLMA ever since, serving as president a total of 15 years and sitting on the group’s board twice as long. Property owners turn to Trudell to ensure they know what to expect when companies want to drill. With current interest in the Bakken Shale underneath Montana and North Dakota sprouting an oil boom, people from all over the country — mineral rights are often willed to family members not living in Montana — seek his advice, looking to protect themselves and profit in case an oil rig strikes it big.

Says Trudell:

When people make these decisions on the leases, the money is huge. It can be millions of dollars.”

MONEY may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions