State Mineral lease sale- March 3, 2015

I read on the DNRC site this am that 39 tracts in Daniels County where the mineral leases were sold for a period yesterday in Helena. All 39 tracts were sold to August Energy Services, LLC for $1.50 per acre.

I looked up August Energy Services and it appears to me to be out of Billings and the principal is a man named Eric Olsen. Just a Google search so don’t know this to be 100% accurate.

Ups and downs, things seem to have cooled a lot. Positive spin: there is still someone betting on possible things.

T Rex Oil thinks so 7 million to purchase 16,100 net mineral acres in Daniels County, 36 leases which have 2 years left on the leases.