In September, a little-known company began buying up leasehold in Montana and North Dakota. The purchases were mysterious for both sensible and confounding reasons.

First, the lease sale held by the Bureau of Land Management (BLM) for federal leases during an election year. With the outcome of the election months in the future—as it now remains weeks after Election Day— federal leasing for oil and gas drilling was a hot button issue.

With the ability to drill on federal lands symbolically on the ballot, it seemed a riskier than usual bet in a worse than usual downturn.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access