Any more info on the Stone Turtle agreement. It seems to be hush-hush.
What is it? I have many minerals there and part of 5 wells; never heard of it.
Scroll down in this article to “Bakken Three Forks Trend” Poplar West Montana
A red flag is the statement about “formation of the unit would establish a 5-year primary lease term on all lease holds”
Tom
Dctex99, We are leased with Fort Worth. They sent out some kind of agreement in July. I have chosen to ignore it due to concerns regarding the statement below. I posted Bakken Shale group & it was confirmed that, in part, these agreements are a strategy to extend leases without paying or renegotiating with the mineral owner.
I agree, they were hoping oil prices would be back by that time! I have an expensive lease that is 1 1/2 years into a 3-year lease. CONTINENTAL should have asked for a 5-year and now not likely a turnaround and permitting a well in the next year and a half so they may release at ANOTHER $1500 an acre!