Active Drilling Rigs – March 2011

Posted by bakken

The number of active drilling rigs are up by about 6% from our last count in January. We currently stand at 172 total rigs with Continental Resources (CLR: 83.98 0.00%) and Hess (inc AEZ)  (HES: 68.04 0.00%) leading the way.     Expect Continental to increase its lead in 2011 as the company recently raised its 2011 capex budget from $1.36 billion to $1.75 billion, an increase of 28.7%. The increase is due to an accelerated drilling program in the Bakken region.  Continental, is the largest leaseholder in the Bakken with roughly 850,000 plus net acres in the region.   The counts for most of the key Bakken players are largely unchanged from January with the exception of EOG Resources which saw its count go from 12 to 9.    There doesn’t seem to be any news associated with this decrease so we’ll keep our eye on it over the next few months.    Smaller players Petro Hunt,  Denbury (DNR: 18.71 0.00%) and Oasis (OAS: 38.21 0.00%) are continuing to slowly build up the number of rigs in the area and could become formidable players in the region in the next few years.

Operator	Well Name and Number	Current Location
AMERICAN OIL & GAS INC	KNUDSON 15-20H	SWSE 20-156N-97W
AMERICAN OIL & GAS INC	HELLAND 15-19H	SWSE 19-157N-96W
AMERICAN OIL & GAS INC	WEYRAUCH 15-11H	SWSE 11-157N-98W
AMERICAN OIL & GAS INC	STRAHAN 15-22H	SWSE 22-156N-98W
AMERICAN OIL & GAS INC	STRAHAN 15-22H	SWSE 22-156N-98W
AMERICAN OIL & GAS INC	ANDERSON TRUST 15-12H	SWSE 12-157N-98W
AMERICAN OIL & GAS INC	CHRISTOPHERSON 2-30H	NWNE 30-157N-97W
AMERICAN OIL & GAS INC	OLSON 2-3H	LOT2 3-156N-98W
ANSCHUTZ EXPL CORP	HARRY STROH 1-8-5H-143-96	SWSE 8-143N-96W
ANSCHUTZ EXPL CORP	LEISS 1-23-26H-143-96	NWNE 23-143N-96W
ANSCHUTZ EXPL CORP	VELENCHENKO 1-4-9H-143-97	SWSE 33-144N-97W
ANSCHUTZ EXPL CORP	HARLAN REBSOM 1-2-11H-143-95	LOT 2 2-143N-95W
ANSCHUTZ EXPL CORP	NOVASIO STATE 1-16-21H-142-95	NWNE 16-142N-95W
ANSCHUTZ EXPL CORP	RICHARD DVORAK 1-33-28H-143-95	SWSE 33-143N-95W
ARSENAL ENERGY USA INC.	BRENLEE 100-19H	SWSE 19-155N-90W
BAYTEX ENERGY USA LTD	HAUGENOE 22-162-99H	SESW 15-162N-99W
BAYTEX ENERGY USA LTD	REDFIELD 25-36-157-99H	NWNW 25-157N-99W
BRIGHAM OIL & GAS LP	SCHA 33-34 #1-H	SWNW 33-156N-92W
BRIGHAM OIL & GAS LP	PLADSON 4-9 #1-H	LOT4 4-157N-91W
BRIGHAM OIL & GAS LP	O’NEILL 17-20 #1-H	SWSE 8-154N-101W
BRIGHAM OIL & GAS LP	RUSSELL 10-3 #1-H	NWNE 15-153N-103W
BRIGHAM OIL & GAS LP	DELORME 12-1 #1-H	SESW 12-154N-103W
BRIGHAM OIL & GAS LP	FIELD 18-19 #3H	LOT8 7-154N-101W
BURLINGTON RES O&G CO	PATTON 31-1H	LOT2 1-145N-94W
BURLINGTON RES O&G CO	RISING SUN 11-1TF-2NH	LOT 4 1-151N-96W
BURLINGTON RES O&G CO	MAZAMA 44-21H	SESE 21-152N-97W
BURLINGTON RES O&G CO	ABERCROMBIE 44-12H	SESE 12-151N-98W
BURLINGTON RES O&G CO	ZACHERY 14-10H	SWSW 10-148N-98W
CONTINENTAL RESOURCES	WALLMAN 42-8H	SENE 8-130N-104W
CONTINENTAL RESOURCES	GOODSON 1-28H	NWNE 28-160N-96W
CONTINENTAL RESOURCES	ROSENVOLD 1-30H	NWNE 30-160N-96W
CONTINENTAL RESOURCES	LAKEWOOD 1-20H	SWSW 20-161N-96W
CONTINENTAL RESOURCES	FORTIER 2-17H	NENE 17-160N-96W
CONTINENTAL RESOURCES	WHITMAN 3-34H	NWNE 34-147N-96W
CONTINENTAL RESOURCES	CHASE 1-19H	NWNE 19-145N-96W
CONTINENTAL RESOURCES	MARSHALL 1-13H	NWNE 13-145N-97W
CONTINENTAL RESOURCES	RUTLEDGE 1-32H	NENW 32-145N-96W
CONTINENTAL RESOURCES	GUDMUNSON 1-26H	NWNE 26-151N-97W
CONTINENTAL RESOURCES	HOGAN 1-16H	NENW 16-148N-98W
CONTINENTAL RESOURCES	DON 1-23H	SWSE 23-151N-97W
CONTINENTAL RESOURCES	SYRACUSE 1-23H	SESW 23-152N-99W
CONTINENTAL RESOURCES	PITTSBURGH 1-19H	SWSE 19-152N-99W
CONTINENTAL RESOURCES	CHARLOTTE 1-22H	SWSE 22-152N-99W
CONTINENTAL RESOURCES	BAILEY 2-24H	NWNE 25-150N-97W
CONTINENTAL RESOURCES	MILLOY 1-15H	SESE 15-155N-104W
CONTINENTAL RESOURCES	LAWRENCE 3-13H	SWSW 12-159N-95W
CONTINENTAL RESOURCES	GJORVEN 1-21H	SWSE 21-155N-98W
CONTINENTAL RESOURCES	LOKKEN 2-2H	NWNW 2-159N-95W
CONTINENTAL RESOURCES	HAYES 1-6H	SWSE 6-153N-99W
CONTINENTAL RESOURCES	MILDRED 1-19H	SWSE 19-155N-98W
CORNERSTONE NAT RES LLC	ORMISTON 3-26H	NENW 26-162N-90W
DENBURY ONSHORE	HOFFMANN 149-98-1-12-1H	LOT 3 1-149N-98W
DENBURY ONSHORE	KOESER 41-15 SWH	NENE 15-150N-97W
DENBURY ONSHORE	SAND CREEK 21-10SH	NE-NW 10-153N-96W
DENBURY ONSHORE	JOHNSON 31-6SWH	LOT2 6-149N-97W
DENBURY ONSHORE	LEE 34-31NWH	SWSE 31-150N-98W
DENBURY ONSHORE	CHRISTIANSON 24-9NEH	SESW 9-152N-101W
ENERPLUS RES USA CORP	ROBERTS TRUST 13C-2H TF	SWSW 13-148N-94W
EOG RESOURCES INC	BEAR DEN 05-31H	SESE 31-150N-94W
EOG RESOURCES INC	SIDONIA 31-3019H	SESE 30-158N-90W
EOG RESOURCES INC	ROSS 32-1707H	SESW 17-156N-92W
EOG RESOURCES INC	LOSTWOOD 18-1224H	SWSE 12-158N-91W
EOG RESOURCES INC	JAMES HILL 9-0112H	LOT3 1-157N-91W
EOG RESOURCES INC	LOSTWOOD 20-1123H	SESE 11-158N-91W
EOG RESOURCES INC	LIBERTY LR 17-11H	SESE 11-151N-91W
EOG RESOURCES INC	HARDSCRABBLE 13-3526H	SWSE 35-153N-103W
EOG RESOURCES INC	MONT 3-3403H	LOT1 34-155N-102W
EOG RESOURCES INC	SHORT PRAIRIE 7-1201H	SESE 12-154N-104W
FIDELITY EXPL & PROD CO	KRABLES 22-15H	SESW 22-155N-91W
G3 OPERATING LLC	ANDERSON 1-24-13H	SESE 24-157N-102W
HELIS OIL & GAS CO. LLC	THOMPSON 1-29/32H	NENE 29-150N-95W
HESS CORPORATION	AN-DINWOODIE-153-94- 2833H-1	NWNE 28-153N-94W
HESS CORPORATION	EN-TRINITY-154-93- 2833H-2	SWSE 21-154N-93W
HESS CORPORATION	EN-WEFALD-156-94- 1324H-2	NENW 13-156N-94W
HESS CORPORATION	EN-WEYRAUCH-154-93- 1918H-2	SWSE 19-154N-93W
HESS CORPORATION	EN-REITCH-157-94- 3229H-2	SESW 32-157N-94W
HESS CORPORATION	EN-RULAND A-155-94- 1201H-1	NWNE 13-155N-94W
HESS CORPORATION	EN-CHAMLEY-156-93- 0508H-1	LOT3 5-156N-93W
HESS CORPORATION	GO-VINGER-156-98- 2116H-1	SWSE 21-156N-98W
HUNT OIL COMPANY	HALLIDAY 1-12-1H 1	NWNW 13-146N-93W
HUNT OIL COMPANY	PALERMO 1-2-31H	SESW 2-156N-90W
HUNT OIL COMPANY	SHELL 1-3-34H 1	SESW 3-153N-89W
KODIAK OIL & GAS (USA) INC	TWO SHIELDS BUTTE 2-24-12-1H3	NWNE 24-149N-93W
KODIAK OIL & GAS (USA) INC	KOALA 3-2-11-13H	LOT 3 2-151N-100W
LEGACY OIL & GAS ND	LEGACY ETAL BERGE 12-12H 1-H	NWSW 12-163N-77W
MARATHON OIL CO	BUFFALO 34-12H	SWSE 12-148N-96W
MARATHON OIL CO	HARTMAN 14-32H	SWSW 32-144N-96W
MARATHON OIL CO	ELLA GUENTHER 21-29H	NENW 29-146N-93W
MARATHON OIL CO	MARLIN 44-12H	NENE 13-146N-95W
MARATHON OIL CO	WINDY BOY USA 12-35H	SWNW 35-152N-94W
MARATHON OIL CO	ONE FEATHER USA 11-17H	SWSW 8-150N-90W
MARATHON OIL CO	SKOGSTAD 41-28H	NENE 28-151N-93W
MUREX PETROLEUM CORP	REISTAD 1-1R	SESE 1-162N-102W
MUREX PETROLEUM CORP	ESKELAND HERFINDAHL 7-6H	SESE 7-156N-95W
NEWFIELD PROD CO	DROVDAL 150-99-7-6-1H	NWNE 18-150N-99W
NEWFIELD PROD CO	DROVDAL 150-99-18-19-1H	SWSE 7-150N-99W
NEWFIELD PROD CO	BARRACUDA 150-100-2-11-1H	LOT 1 2-150N-100W
NEWFIELD PROD CO	OBENOUR 150-99-21-16-1H	SWSW 21-150N-99W
NEWFIELD PROD CO	LARSON 159-102-29-32-1H	NWNE 29-159N-102W
NORTH PLAINS ENERGY LLC	HELLANDSAAS 16-8H	SESE 8-153N-97W
NORTH PLAINS ENERGY LLC	A. CVANCARA 9-7H	NESE 7-159N-97W
OASIS PETRO NO AMER	SPARROW 5201 42-11H	SESW 11-152N-101W
OASIS PETRO NO AMER	RUUD 5493 42-23H	SESW 23-154N-93W
OASIS PETRO NO AMER	DIXON 5602 44-34H	SESE 34-156N-102W
OASIS PETRO NO AMER	JENSEN 5501 42-7H	SESW 7-155N-101W
OASIS PETRO NO AMER	DRIESBACH 5602 44-32H	SESE 32-156N-102W
OASIS PETRO NO AMER	WALES 5602 42-33H	SESW 33-156N-102W
OIL FOR AMERICA	ZASTOUPIL 22-1	NESE 22-139N-97W
OXY USA INC	SORLIE 160-90-18-P-1H	SESE 18-160N-90W
OXY USA INC	SWENSON 160-91-11-P-1H	SESE 11-160N-91W
PEAK NO DAK LLC	BIRON 20-24H	SWSE 20-149N-92W
PETRO HUNT LLC	PRODUCER`S CORPORATION 159-94-17C-8-2H	SESW 17-159N-94W
PETRO HUNT LLC	L.M. THOMPSON 7D-4-4H	SWSW 8-153N-95W
PETRO HUNT LLC	FORT BERTHOLD 152-94-14C-11-1H	SWSW 14-152N-94W
PETRO HUNT LLC	PESEK 151-102-26B-35-1H	NENW 26-151N-102W
PETRO HUNT LLC	USA 153-95-22C-15-1H	SWSW 22-153N-95W
PETRO HUNT LLC	SOVIG 150-100-22C-15-1H	SESW 22-150N-100W
PETRO HUNT LLC	KLOSE 151-103-27B-34-1H	NENW 27-151N-103W
QEP ENERGY CO	MHA 3-05-08H-147-92	LOT5 5-147N-92W
QEP ENERGY CO	MHA 2-01-02H-149-91	SWNE 6-149N-90W
RM RESOURCES LLC	EIDSVOOG 1-28H	NENW 28-158N-100W
SAMSON RESOURCES CO	YUKON 12-1-163-98H	NWNE 13-163N-98W
SAMSON RESOURCES CO	TORINO 22-15-163-98H	NWNE 27-163N-98W
SAMSON RESOURCES CO	BLAZER 2-11-163-98H	NWNE 2-163N-98W
SEQUEL ENERGY LLC	BULL MOOSE 22Y-32	SWNE 22-147N-101W
SINCLAIR OIL & GAS CO	NELSON 2-26H	SESW 26-155N-90W
SLAWSON EXPLORATION	DRONE 1-34-27H	SWSE 34-145N-93W
SLAWSON EXPLORATION	LOON FEDERAL 1-24-25H	NWNE 24-152N-92W
SLAWSON EXPLORATION	HUNTER 2-8-17H	SWSE 5-151N-92W
SLAWSON EXPLORATION	JUGHEAD FEDERAL 2-26H	NENE 35-152N-93W
SLAWSON EXPLORATION	DIAMONDBACK 2-21H	NWNW 21-151N-92W
SLAWSON EXPLORATION	PATHFINDER 1-9 SWD	NENW 9-152N-91W
SLAWSON EXPLORATION	AMBUSH 1-31-30H	SWSE 31-156N-101W
SM ENERGY CO	RIEDE 4-14H	NWNW 14-163N-100W
SM ENERGY CO	JOHNSRUD 1-1H	LOT 1 1-150N-99W
TRACKER RES DEVMNT	DEVILS CANYON 17-1H	SWSE 8-147N-97W
TRACKER RES DEVMNT	IVERSON TRUST 1-1H	LOT 2 1-151N-103W
TRACKER RES DEVMNT	KLOSE 24-1H	SESE 24-151N-103W
TRACKER RES DEVMNT	ELLINGSBERG 32-1H	SESW 32-154N-98W
TRUE OIL LLC	WILLISTON BASIN 42-36H	SENE 36-148N-101W
WARD-WILLISTON CO	LDCMU 9-13	NWNE 9-161N-85W
WHITING OIL AND GAS CORP	HAYSTACK 11-19TFH	NWNW 19-142N-101W
WHITING OIL AND GAS CORP	ARNEGARD 21-26H	NENW 26-150N-100W
WHITING OIL AND GAS CORP	JOHNSON 34-8H	SWSE 8-149N-99W
WHITING OIL AND GAS CORP	ROVELSTAD 21-13H	NENW 13-150N-100W
WHITING OIL AND GAS CORP	RUDMAN 11-12TFH	NWNW 12-153N-91W
WHITING OIL AND GAS CORP	KERNAN 12-10TFH	SWNW 10-154N-92W
WHITING OIL AND GAS CORP	NEWCOMB 12-31TFH	SWNW 31-153N-91W
WHITING OIL AND GAS CORP	VANGEN 11-3TFH	LOT4 3-152N-92W
WHITING OIL AND GAS CORP	LITTLEFIELD 12-29TFH	SWNW 29-153N-91W
WHITING OIL AND GAS CORP	ERIC NESHEIM 21-24TFH	NENW 24-153N-91W
WHITING OIL AND GAS CORP	PETERSON 43-35TFH	NESE 35-153N-92W
WHITING OIL AND GAS CORP	STRAND 11-5TFH	LOT4 5-152N-91W
WHITING OIL AND GAS CORP	RICHARD 21-15TFH	NENW 15-139N-99W
WHITING OIL AND GAS CORP	ROLLER 21-26TFH	NENW 26-139N-99W
WHITING OIL AND GAS CORP	PALUCK 21-27TFH	NENW 27-139N-99W
XTO ENERGY INC	FBIR BAKER 34X-25	SWSE 25-149N-92W
XTO ENERGY INC	INGA FEDERAL 41X-29	NENE 29-148N-97W
XTO ENERGY INC	101 FEDERAL 21X-24	NENW 24-147N-105W
XTO ENERGY INC	JOHNSRUD FEDERAL 34X-14	SWSE 14-149N-96W
XTO ENERGY INC	CLEO 31X-5	LOT2 5-156N-96W
XTO ENERGY INC	WOODROW 34X-32	SWSE 32-155N-96W
XTO ENERGY INC	DORIS 21X-5	NENW 5-157N-95W
ZAVANNA LLC	OLSON 8-5 1H	SWSE 8-151N-103W
ZAVANNA LLC	WILDCAT 1-11H	SESE 11-155N-100W
ZENERGY INC	BERQUIST 33-28H	SWSE 33-152N-98W
ZENERGY INC	A. JOHNSON 12-1H	SESW 12-152N-98W
ZENERGY INC	FLORENCE 11-2H	SESE 11-153N-103W
ZENERGY OPERATING CO LLC	DAKOTA-3 BLACK HAWK 15-34H	SESE 34-149N-92W
ZENERGY OPERATING CO LLC	DAKOTA-3 BEAKS 36-35H	SENE 36-149N-93W
ZENERGY OPERATING CO LLC	DAKOTA-3 ELK 16-21H	NENW 16-150N-92W
ZENITH PRODUCED WATER	L. E. JOHNSON 1	SESW 24-156N-101W

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Weekly Roundup

Posted by bakken

Oil continues to creep up as there is no end in sight to the unrest in Libya and a civil conflict looming on the horizon.     Most of our Bakken plays have tacked on 5-10% in the last week which is on track with our prediction in our last article on Mideast unrest.    We should expect a 3-5% PPS increase weekly as the crisis continues and then a 10% drop once the crisis dissipates and there is a clear line of sight to short term stability in the region.

In terms of domestic news,  the region is as busy as ever:

• Linn Energy (LINE: 35.23 0.00%)  the  independent explorer and producer agreed to buy $434 mil in assets in the Bakken shale and Permian Basin regions in 3 separate deals. The move is aligned with Linn Energy’s (LINE)  acquisition strategy for buying properties rich in oil and natural gas.

• North Dakota pumped a record 113 million barrels of oil in 2010, smashing the previous high set a year earlier by 33 million barrels.  Production rose from about 235,000 barrels in January to about 344,000 by the end of 2010
• Northern Oil & Gas (NOG: 13.57 0.00%) “outsource everything” model seems to be running on all cylinders.  The company is looking to triple its earnings this year to $195 million, according to Northern CEO Michael Rege.  In 2012, it should nearly double to about $350 million.
• Ursa Resources Group LLC (“Ursa”), a privately held oil and gas exploration and production company focused on development of the Bakken and Three Forks formations in the Williston Basin, announced today that it has flow tested its Jeanie 25-36 #2H Bakken well in McKenzie County, North Dakota. During early flowback over a 24 hour period, the Jeanie flowed at an average of 1,185 BOEPD (1,004 BO/D, 1,085 MCF/D) on a 48/64″ choke. Jeanie is a long lateral Bakken well completed with 30 fracture stimulation stages.

Look for our upcoming article on “Commoditization in the Bakken”

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