Bakken Shale drilling continues across the Blackfeet Indian Reservation in Glacier County and Pondera County, MT. Anschutz Exploration, Newfield Exploration and Rosetta Resources are the primary companies drilling exploratory wells to extend the Bakken Shale into this part of Montana. The operators have drilled numerous Bakken Shale wells to test the potential of the play, but no definitive results have been announced. All that anyone has reported is that results are “promising”.
For now, people of the area will have to be happy with the jobs and investment the companies have brought to the region. If the play proves successful, you can bet this is just the beginning.
The tribe, he said, hopes the exploration will lead to recoverable oil. Production would lead to even more local jobs in the oil industry, and the possibility of millions of dollars in royalties.
Results from the exploration are confidential — but promising, he said.
“The success of some of these wells is going to be good,” Day Chief said. “We will eventually have some production here.”
Three oil companies — Anschutz Exploration Corp. of Denver and Rosetta Resources and Newfield Exploration Co., both of Houston — are leading the exploration.
The three companies have either drilled — or received permits to drill — 37 exploration wells since 2009 on the 1.5 million-acre Blackfeet Indian Reservation in Glacier County, according to the U.S. Bureau of Land Management, which regulates mineral exploration on the reservation.
Read the full news release at GreatFallsTribune.com