Jason Barton

Professional Information and Energy News

Archive for the ‘Bakken Exploration’ tag

Cease and desist order issued against Bakken Exploration, LLC of Brighton, Colo.

without comments

Published March 22 2010

Attorney General Wayne Stenehjem announced today that he has issued a cease and desist order against Bakken Exploration, LLC of Brighton, Colo., and its principals, Larry Gilmore and Heather Anne Rodewalt, for alleged violations of North Dakota consumer fraud law and failure to respond to a Civil Investigative Demand.

Bakken Exploration is engaged in the business of obtaining or leasing oil and gas rights from mineral owners in North Dakota, primarily in Burke, Divide, McKenzie, Mountrail, and Williams counties. Stenehjem has received complaints indicating that Bakken Exploration entered into oil and gas leases in North Dakota, subject to 30-day sight drafts, but subsequently refused to make payment on those sight drafts. Bakken later claimed it had been unable to verify title, offered excuses for the delay that do not appear to be true, and then requested 90-day extensions from the mineral owners.

Read the entire article here.

Written by Jason

March 24th, 2010 at 9:28 am