As mineral useful resource improvement on federal lands slows as a result of Biden administration power insurance policies, curiosity in oil and fuel improvement on Montana state lands appears to be rising.
On March 1, a lease sale was held in Helena.
There have been 36 tracts that offered, with parcels situated in Daniels, Phillips, Roosevelt, Rosebud, Toole and Valley counties. The whole of acres leases was 18,579.28.
The very best worth paid was in Roosevelt County, for 360 acres at 29.N 57.E 36 W2, NW4NE4 with Western Shale Company forking over $102,600, or $280 per acre. Western Shale is out of Bismarck, North Dakota.
A nicely marker marks the spot the place one of many early Cat Creek wells was drilled. Within the background the Mussellshell River makes a bend.
There is just one nicely recorded in that part, the Rudolph 1-36, drilled by Southland Royalty Firm of Casper, Wyoming within the North Bainville Subject. The nicely was permitted in January, 1981 and was spudded in Could of that 12 months. Completion was recorded on August 13, 1981 with an preliminary manufacturing reported of 85 barrels of oil per day trip of the Crimson River Formation. 72,000 cubic toes of fuel and 124 barrels of water had been additionally reported.
The nicely produced from the Crimson River and Mission Canyon formations till 1997 when any manufacturing reporting ceased. The nicely, now listed as working underneath BBX Working Co. LLC, is at the moment “shut in.”
There have been 4 parcels that offered in Roosevelt County. The opposite three leases went to Irish Oil & Gasoline, Inc.
An oil nicely “pumpjack” blends with the deep blue sky within the Cat Creek Oil Subject, situated in Petroleum County, Montana
Rosebud County had essentially the most parcels listed on this sale, with 22 parcels. The highest-dollar parcels had been 640 acres at 11.N 34.E 36, with Solar Coulee paying $230.00 per acre. At 10.N 34.E 16, Bluebird Power, LLC forked over $200 per acre. Bluebird, of Billings, Montana, took 19 leases within the sale, all in Rosebud County. The corporate at the moment operates 4 wells, with three listed as “producing.” The entire wells are in Rosebud County, with three of these wells producing from the Heath Formation.
Three leases had been in Daniels County, and all three went to Diamond Assets Co., a Denver based mostly agency.
In Phillips County, there have been two parcels on the block. One went to Twin Bridges Assets, LLC whereas the opposite parcel went to Silver Spur Assets.
The 2 parcels in Valley County went to Diamond Assets Co.
In our neighborhood, at Toole County, there have been three parcels. Two went to Lonewolf Power, Inc. and one went to SOG Assets. Lonewolf relies in Billings and SOG Assets in based mostly in Texas.