Feb28
Posted by bakkenexpert
There is a good article and video in the Wall Street Journal Online about the Bakken oil boom. There are some telling statistics about how the bakken region has brought economic prosperity to North Dakota and the companies operating in the region.
The Bakken Shale had helped North Dakota oil production double in the past three years, surging to 80 million barrels in 2009
Booming Bakken oil production has helped North Dakota escape the worst of the economic downturn. The state’s unemployment rate was 4.3% in December—more than five percentage points below the national level—and the state government projects a surplus for the current budget cycle.
There are many operators who can acheived profitability with $50 a barrel oil, down from $80 three years ago. The improved drilling economics means that companies can expand their footprint with faster ROI in the region.
Below is the video:
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Feb28
Posted by bakkenexpert
EOG : 100.20 +4.04% ) leads the pack with 13 rigs and CLR (CLR : 77.50 +8.68% ) is a close second with 11 rigs. The private players are also adding rigs with Zenergy, Tracker Resources and Slawson all increasing their count since the last tally. Looking at the rig providers, Nabors is far an away still the predominant provider with an almost 30% share of the entire bakken drilling market. H&P, Precision Drilling and Cyclone drilling find themselves with all having approximately 10% of the overall share.
A recent article in the WSJ online had the following interesting note related to drilling costs in the Bakken Region :
The real shift has come in the past two years as companies honed drilling techniques, leading to bigger wells, faster drilling and lower costs. Marathon, for example, last year took an average of 24 days to drill a well, down from 56 days in 2006. That has opened up new areas that weren’t previously worth drilling in and made wells profitable at prices as low as $50 a barrel, down from $80 three years ago
Rig
Operator
Well Name and Number
Current Location
County
NABORS 486
AMERICAN OIL & GAS INC
RON VIALL 1-25H
SWSE 25-156N-98W
WIL
BRONCO 16
ANSCHUTZ EXPL CORP
KUBIK TRUST 1-19-18H-143-95
SWSE 19-143N-95W
DUN
H & P 255
ANSCHUTZ EXPL CORP
STATE 1-25-36H-144-97X
SWSE 24-144N-97W
DUN
ENSIGN 67
BAYTEX ENERGY USA LTD
MYERS 2-162-99H
SESE 2-162N-99W
DIV
NABORS 266
BRIGHAM OIL & GAS LP
ARNSON 13-24 1-H
NWNE 13-155N-103W
WIL
NABORS 350
BRIGHAM OIL & GAS LP
ABELMANN-STATE 21-16 1-H
SESW 21-152N-101W
MCK
NABORS 49
BRIGHAM OIL & GAS LP
MORTENSON 5-32 1-H
SESW 5-154N-102W
WIL
NABORS 52
BRIGHAM OIL & GAS LP
SORENSON 29-32 1-H
NWNE 29-155N-92W
MTL
NABORS 59
BURLINGTON RES O&G CO
OLD HICKORY 43-34H
NWSE 34-153N-96W
MCK
PRECISION 825
BURLINGTON RES O&G CO
CLEO 2-1H
LOT4 1-149N-96W
MCK
NABORS 165
CIRQUE RESOURCES LC
GUNNISON STATE 44-36H
SESE 36-161N-91W
BRK
CYCLONE 14
CONTINENTAL RESOURCES
KENNEDY 2-31T
SWSE 31-151N-96W
MCK
CYCLONE 19
CONTINENTAL RESOURCES
ROGER 1-18H
SWSE 18-147N-96W
DUN
CYCLONE 20
CONTINENTAL RESOURCES
FRANKLIN 1-20H
NENW 20-160N-95W
DIV
CYCLONE 21
CONTINENTAL RESOURCES
BROCKMEIER 1-1H
NWNW 1-146N-98W
MCK
CYCLONE 22
CONTINENTAL RESOURCES
LUNDBERG 1-8H
NWNE 8-146N-96W
DUN
CYCLONE 23
CONTINENTAL RESOURCES
GENEVIEVE 1-27H
NENE 27-160N-96W
DIV
CYCLONE 25
CONTINENTAL RESOURCES
STEDMAN 1-24H
NWNW 24-155N-104W
WIL
CYCLONE 28
CONTINENTAL RESOURCES
HEGLER 1-13H
SESE 12-146N-97W
DUN
CYCLONE 9
CONTINENTAL RESOURCES
DUAINE 42-4NH
SENE 4-130N-106W
BOW
PATTERSON 180
CONTINENTAL RESOURCES
BAILEY 1-24H
SESW 24-150N-97W
MCK
TRINIDAD 36
CONTINENTAL RESOURCES
MYRTLE 2-7H
SESE 7-159N-95W
WIL
RED HAWK 357
EAGLE OPERATING INC
EAST FLAXTON MADISON UNIT 27H
NENE 29-163N-90W
BRK
PATTERSON 305
ENCORE OPERATING LP
HANSON 11-12H
NWNW 12-144N-96W
DUN
PRECISION 289
ENCORE OPERATING LP
SWENSON 31-33SWH
NWNE 33-153N-95W
MCK
BRONCO 23
EOG RESOURCES INC
BURKE 29-33H
SESE 33-155N-90W
MTL
BRONCO 28
EOG RESOURCES INC
BURKE 4-06H
LOT4 6-155N-90W
MTL
DHS 10
EOG RESOURCES INC
SIDONIA 34-31H
LOT1 31-158N-90W
MTL
DHS 12
EOG RESOURCES INC
SIDONIA 29-34H
NENW 34-158N-90W
MTL
MAJOR 42
EOG RESOURCES INC
VAN HOOK 7-23H
NWNW 23-152N-91W
MTL
0.09375
EOG RESOURCES INC
PALERMO 2-18H
LOT1 18-156N-90W
MTL
NABORS 148
EOG RESOURCES INC
FERTILE 101-04H
SESW 4-151N-90W
MTL
NABORS 161
EOG RESOURCES INC
FERTILE 18-30H
SESE 30-151N-90W
MTL
NABORS 527
EOG RESOURCES INC
LIBERTY 6-25H
NWNW 25-151N-91W
MTL
RED HAWK 354
EOG RESOURCES INC
SCANDIA 1-34H
NENE 34-164N-78W
BOT
TRUE 28
EOG RESOURCES INC
JAMES HILL 4-10H
NWNW 10-157N-91W
MTL
TRUE 32
EOG RESOURCES INC
SIDONIA 33-33H
SESE 33-158N-90W
MTL
TRUE 33
EOG RESOURCES INC
FERTILE 37-07H
SESE 7-151N-90W
MTL
NABORS 108
FIDELITY EXPL & PROD CO
DEADWOOD CANYON RANCH 44-32H
SESE 32-154N-92W
MTL
PRECISION 604
HELIS OIL & GAS CO. LLC
DODGE 4-6/7 HR
LOT 4 6-149N-95W
MCK
H & P 179
HESS CORPORATION
RS-JOHNSON A-157-90- 2128H-1
NWNE 21-157N-90W
MTL
H & P 241
HESS CORPORATION
EN-L CVANCARA-155-93- 2726H-1
SWNW 27-155N-93W
MTL
NABORS 1
HESS CORPORATION
RS-RUDOLPH-157-90- 1708H-1
SESW 17-157N-90W
MTL
NABORS 2
HESS CORPORATION
BLOU 12
NWNE 15-155N-96W
WIL
NABORS 460
HESS CORPORATION
BB-FEDERAL B-151-95- 2122H-1
SWNW 21-151N-95W
MCK
BRONCO 20
HUNT OIL COMPANY
SEVERANCE 1-9-4H
SESW 9-153N-89W
MTL
H & P 317
HUNT OIL COMPANY
KING 35-4H
NENW 35-157N-90W
MTL
UNIT 117
KODIAK OIL & GAS (USA) INC
MOCCASIN CREEK 13-34-28H
SWSW 34-148N-93W
DUN
H & P 256
MARATHON OIL CO
MYLO WOLDING 14-11
SWSW 11-151N-93W
MTL
H & P 257
MARATHON OIL CO
LAZY DE 34-7H
SWSE 7-146N-93W
DUN
H & P 258
MARATHON OIL CO
MYRMIDON 1-2H
LOT 1 2-151N-94W
MCK
H & P 259
MARATHON OIL CO
FETTIG 11-27H
NWNW 27-146N-95W
DUN
PRECISION 602
MUREX PETROLEUM CORP
KRISTI LEIGH 11-2H
SESE 11-156N-96W
WIL
PRECISION 645
MUREX PETROLEUM CORP
JOYCE 3-10H
LOT 4 3-154N-91W
MTL
NABORS 272
NEWFIELD PROD CO
PITTSBURGH 1-3H
NWNW 10-153N-96W
MCK
NABORS 419
NEWFIELD PROD CO
HEIDI 1-4H
SESE 4-156N-99W
WIL
WHITE MT. 750
NEWFIELD PROD CO
BLUEFIN 1-13H
SESE 13-149N-98W
MCK
NABORS 149
OASIS PETRO NO AMER
HYNEK 5693 42-35H
SESW 35-156N-93W
MTL
NABORS 177
OASIS PETRO NO AMER
NJOS FEDERAL 5602 11-13H
NWNW 13-156N-102W
WIL
BRONCO 22
PETRO HUNT LLC
FORT BERTHOLD 148-94-22A-27-1H
NWNE 22-148N-94W
DUN
BRONCO 8
PETRO HUNT LLC
BRENNA 152-96-23C-14-2H
SESW 23-152N-96W
MCK
ENSIGN 46
PETRO HUNT LLC
JONSRUD 151-96-3B-10-2H
NENW 3-151N-96W
MCK
ENSIGN 93
PETRO HUNT LLC
FORT BERTHOLD 148-94-25A-36-1H
NWNE 25-148N-94W
DUN
MAJOR 27
QUESTAR E & P CO
MHA 2-06-01H-149-92
SESE 6-149N-91W
DUN
UNIT 329
QUESTAR E & P CO
MHA 1-06-31H-150-92
SESW 6-149N-92W
DUN
RED HAWK 351
RITCHIE EXPLORATION INC
SYLVIA 1-27
LOT 2 27-164N-77W
BOT
KEY NRG 370
SAGEBRUSH RESOURCES LLC
DEIBLER 25-16
SESE 25-162N-83W
BOT
NABORS 152
SAMSON RESOURCES CO
NESS 29-32-163-98H
N2NW 29-163N-98W
DIV
PRECISION 512
SIMRAY GP LLC
LEVINGS ESTATE 1-08H
SESE 8-149N-93W
DUN
NABORS 687
SLAWSON EXPLORATION
CANNONBALL FEDERAL 1-27-34H
NENW 27-152N-91W
MTL
PATTERSON 167
SLAWSON EXPLORATION
WHIRLWIND 1-31H
NWNE 6-151N-92W
MTL
RED HAWK 558
SLAWSON EXPLORATION
TARANTULA 1-16H
SESE 16-152N-92W
MTL
UNIT 106
SLAWSON EXPLORATION
LUNKER FEDERAL 1-33-4H
NENE 33-152N-91W
MTL
NABORS 476
ST MARY LAND & EXPLORATION CO
NELSON 4-29H
NWNW 29-151N-96W
MCK
NABORS 182
TRACKER RES DEVMNT
MURPHY 11-1H
SESW 11-144N-95W
DUN
NABORS 44
TRACKER RES DEVMNT
LIND 2-1H
NWNE 2-145N-97W
DUN
PRECISION 618
TRACKER RES DEVMNT
BICE 12-1H
SESW 12-147N-97W
DUN
BRONCO 59
WHITING OIL AND GAS CORP
OLSON FEDERAL 42-8H
SENE 8-153N-91W
MTL
NABORS 686
WHITING OIL AND GAS CORP
RON OLSON 31-1HCE
NWNE 1-155N-97W
WIL
NABORS 99
WHITING OIL AND GAS CORP
ROHDE 43-1H
NESE 1-153N-92W
MTL
PIONEER 56
WHITING OIL AND GAS CORP
ANNALA 12-33H
SWNW 33-153N-91W
MTL
PIONEER 57
WHITING OIL AND GAS CORP
HOLMBERG 44-24H
SESE 24-153N-93W
MTL
PIONEER 66
WHITING OIL AND GAS CORP
MEIERS 11-17H
NWNW 17-154N-92W
MTL
PIONEER 67
WHITING OIL AND GAS CORP
LITTLEFIELD 12-34H
SWNW 34-154N-91W
MTL
PRECISION 106
WHITING OIL AND GAS CORP
PLATT 43-28H
NESE 28-154N-91W
MTL
PRECISION 51
WHITING OIL AND GAS CORP
CURREN 11-14H
NWNW 14-153N-93W
MTL
PRECISION 520
WHITING OIL AND GAS CORP
TTT RANCH 12-25H
SWNW 25-154N-92W
MTL
H & P 180
XTO ENERGY INC
H M HOVE 34X-33
SWSE 33-155N-96W
WIL
NABORS 265
XTO ENERGY INC
BOOMER 34X-35
LOT 3 35-148N-97W
DUN
NABORS 681
XTO ENERGY INC
THOMAS 44X-18
SESE 18-154N-95W
WIL
NABORS 742
XTO ENERGY INC
WARD 11X-23
NWNW 23-154N-95W
WIL
NABORS 688
ZAVANNA LLC
GRASSER 1-26H
SESE 22-154N-99W
WIL
CYCLONE 31
ZENERGY INC
ROLFSRUD 7-6H
SESW 7-152N-97W
MCK
ENSIGN 76
ZENERGY INC
BERQUIST 34-27H
SESW 34-152N-98W
MCK
PRECISION 517
ZENERGY OPERATING CO LLC
DAKOTA-3 CLARA 14-17H
SESW 17-149N-93W
DUN
PRECISION 96
ZENERGY OPERATING CO LLC
DAKOTA-3 BIRDSBILL 14-16H
SESW 16-149N-93W
DUN
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