I have received a proposed lease from B.H. Grace Oil, LLC, out of Dickinson, ND for T9N 60 E. Section 14, north half. This is north and some east of Baker, I believe. Can't find anything on this company on Google. Anyone heard of them? It's concerning to me that they want to be able to re-lease the lease. They offered $50 a mineral acre at 15% royalty. Is that good or not?
Thank you
john rudeen said:
Eastern MT said:You're welcome. Denbury's latest info now has 2017 pegged as their goal to start CO2 injection in the Cedar Creek field. However, I believe they have yet to begin construction of even the first leg of the necessary pipeline (WY to MT line). So I'd not be surprised if it took at least a couple years longer than this projection.
As far as I've heard it is quiet on any lease offers in the county. So if anyone receives any lease offers it would be interesting to know what terms and which areas are being offered. Good luck to all.