Oil companies have adopted the term “mature” to describe the Bakken in Eastern Montana and Western North Dakota. Even soaring oil prices have not been enough to interest companies in significantly boosting their activity there with the U.S. oil-pricing benchmark Brent Crude trading for $95 a barrel. U.S. oil producers are now more ...
Montana Receives Funding For Abandoned Oil Wells
The Biden Administration has announced more than $1.1 billion for 26 states including $26 million for Montana to address abandoned methane-leaking orphan oil wells. Curtis Shuck is Chairman of the Well-Done Foundation a nonprofit based in Shelby that is plugging wells across the country. His organization approached the Montana Board of Oil and...
Oil Leasing To Soon Start Again In Montana
Oil and gas leasing on federal land in Montana and North Dakota is expected to resume early this year. The federal Bureau of Land Management is planning a lease sale for the first quarter of 2022 but has not finalized details. There are 6,850 federally owned mineral acres available in eastern Montana and western North Dakota. Oil and gas compa...