Maybe the Boston Cabots have a lead on something way out in remote Montana.
Cabot Corp. has recently completed drilling on a well NE of Melstone, MT. Several producer/exploration companies are listening on the wire to hear of their results.
The new interest, the Heath formation. Many suggest this relatively small swath through MT is a mini-Bakken. Leasing activity in the area could be proof that major energy companies think there is reason to invest in that area.
Further information can be found at:
Billings Gazette-A piece of the oil action
I knew it would happen sooner or later. The Cabot well was being looked at back in 2009, but extense lease acquisition preceeded the development. EOG drilled in this area several year ago, but never released information.
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