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Feb
09

Active Drilling Rig List – Feb 9th 2010

Posted by bakkenexpert

Only 1 driling rig has been added since the last time we looked at Active Drilling Rig Operators about 2 weeks ago.   EOG is still in the lead with 11 and Whiting Oil & Gas (WLL)  has taken second place with 10.     Continental Resources (CLR) is third with 9 rigs in place.    We really expected Saint Mary’s Land & Exploration to be in the Top 10 in terms of drilling activity in the region but currently they have only 1 rig in operation.  If we look at the rigs themselves,  Nabors has had a stranglehold on the majority of the rigs with a 30% share of all rigs in the region.    Precision Drilling is a distant second with 10% share of all rigs in the region.

We haven’t looked at the Rig Owners in a while, so lets take a fresh look there

Rig Operator Well Name and Number Current Location
NABORS 486 AMERICAN OIL & GAS INC RON VIALL 1-25H SWSE 25-156N-98W
BRONCO 16 ANSCHUTZ EXPL CORP KUBIK TRUST 1-19-18H-143-95 SWSE 19-143N-95W
H & P 255 ANSCHUTZ EXPL CORP STATE 1-25-36H-144-97X SWSE 24-144N-97W
PATTERSON 490 ARMSTRONG OP INC GRUMAN 18-3 NENE 18-139N-96W
RED HAWK 351 BALLANTYNE OIL AUS 4-22 NWNW 22-159N-83W
ENSIGN 67 BAYTEX ENERGY USA LTD JACOBSON 15-161-98H SESE 15-161N-98W
NABORS 266 BRIGHAM OIL & GAS LP ARNSON 13-24 1-H NWNE 13-155N-103W
NABORS 350 BRIGHAM OIL & GAS LP ABELMANN-STATE 21-16 1-H SESW 21-152N-101W
NABORS 49 BRIGHAM OIL & GAS LP PAPINEAU TRUST 17-20 1-H NENW 17-151N-102W
NABORS 52 BRIGHAM OIL & GAS LP SORENSON 29-32 1-H NWNE 29-155N-92W
NABORS 59 BURLINGTON RES O&G CO BOXER 21-6H LOT 3 6-149N-96W
PRECISION 825 BURLINGTON RES O&G CO CLEO 2-1H LOT4 1-149N-96W
NABORS 165 CIRQUE RESOURCES LC GUNNISON STATE 44-36H SESE 36-161N-91W
CYCLONE 14 CONTINENTAL RESOURCES MILES 1-6M SWSE 31-151N-96W
CYCLONE 20 CONTINENTAL RESOURCES OTIS 1-13H NWNE 13-161N-96W
CYCLONE 21 CONTINENTAL RESOURCES BROCKMEIER 1-1H NWNW 1-146N-98W
CYCLONE 22 CONTINENTAL RESOURCES LUNDBERG 1-8H NWNE 8-146N-96W
CYCLONE 23 CONTINENTAL RESOURCES GENEVIEVE 1-27H NENE 27-160N-96W
CYCLONE 25 CONTINENTAL RESOURCES STEDMAN 1-24H NWNW 24-155N-104W
CYCLONE 28 CONTINENTAL RESOURCES KATE 1-19H NENE 19-147N-96W
PATTERSON 180 CONTINENTAL RESOURCES MURI 1-27H NENW 27-151N-97W
TRINIDAD 36 CONTINENTAL RESOURCES IMSLAND 2-31H SESW 31-160N-95W
RED HAWK 357 EAGLE OPERATING INC EM OAS 35-1 NENE 35-162N-93W
PATTERSON 305 ENCORE OPERATING LP BECKERT 24-7H SESW 7-145N-94W
PRECISION 289 ENCORE OPERATING LP PORCUPINE RIDGE 11X-2H LOT4 2-147N-96W
BRONCO 23 EOG RESOURCES INC BURKE 29-33H SESE 33-155N-90W
BRONCO 28 EOG RESOURCES INC AUSTIN 30-13H SESE 13-154N-90W
DHS 10 EOG RESOURCES INC SIDONIA 34-31H LOT1 31-158N-90W
DHS 12 EOG RESOURCES INC SIDONIA 29-34H NENW 34-158N-90W
MAJOR 43 EOG RESOURCES INC FERTILE 11-10H NWNW 10-151N-90W
NABORS 148 EOG RESOURCES INC VAN HOOK 13-35H SESE 35-152N-91W
NABORS 161 EOG RESOURCES INC FERTILE 34-31H NENW 31-151N-90W
NABORS 527 EOG RESOURCES INC FERTILE 14-17H SWSE 17-151N-90W
TRUE 28 EOG RESOURCES INC SIDONIA 8-26H SESE 26-158N-90W
TRUE 32 EOG RESOURCES INC SIDONIA 7-25H NWNW 25-158N-90W
TRUE 33 EOG RESOURCES INC FERTILE 37-07H SESE 7-151N-90W
NABORS 108 FIDELITY EXPL & PROD CO DEADWOOD CANYON RANCH 44-34H SESE 34-154N-92W
H & P 179 HESS CORPORATION EN-TROUT-157-93- 3130H-1 SWSE 31-157N-93W
H & P 241 HESS CORPORATION EN-L CVANCARA-155-93- 2726H-1 SWNW 27-155N-93W
NABORS 1 HESS CORPORATION RS-RUDOLPH-157-90- 1708H-1 SESW 17-157N-90W
NABORS 460 HESS CORPORATION BB-FEDERAL-151-95- 0817H-1 NENW 8-151N-95W
BRONCO 20 HUNT OIL COMPANY SEVERANCE 1-9-4H SESW 9-153N-89W
H & P 317 HUNT OIL COMPANY KING 35-4H NENW 35-157N-90W
UNIT 117 KODIAK OIL & GAS (USA) INC MOCCASIN CREEK 13-34-28H SWSW 34-148N-93W
H & P 256 MARATHON OIL CO MYLO WOLDING 14-11 SWSW 11-151N-93W
H & P 257 MARATHON OIL CO GLENN ECKELBERG 24-8H SESW 8-146N-93W
H & P 258 MARATHON OIL CO MYRMIDON 1-2H LOT 1 2-151N-94W
H & P 259 MARATHON OIL CO FETTIG 11-27H NWNW 27-146N-95W
PIONEER 44 MUREX PETROLEUM CORP ALFRED BROWN 2 NENE 34-151N-96W
PRECISION 602 MUREX PETROLEUM CORP TERESA NELL 20-17H SESE 20-157N-95W
PRECISION 645 MUREX PETROLEUM CORP JOYCE 3-10H LOT 4 3-154N-91W
NABORS 272 NEWFIELD PROD CO PITTSBURGH 1-3H NWNW 10-153N-96W
NABORS 419 NEWFIELD PROD CO HEIDI 1-4H SESE 4-156N-99W
NABORS 476 NEWFIELD PROD CO SAND CREEK FEDERAL 1-21H NENW 28-153N-96W
NABORS 149 OASIS PETRO NO AMER HYNEK 5693 42-35H SESW 35-156N-93W
NABORS 177 OASIS PETRO NO AMER ANGELL 5200 31-28H NWSW 28-152N-100W
BRONCO 22 PETRO HUNT LLC FORT BERTHOLD 148-94-22A-27-1H NWNE 22-148N-94W
BRONCO 8 PETRO HUNT LLC ANDERSON 152-96-35C-26-1H SESW 35-152N-96W
ENSIGN 46 PETRO HUNT LLC JONSRUD 151-96-3B-10-2H NENW 3-151N-96W
ENSIGN 93 PETRO HUNT LLC FORT BERTHOLD 152-93-17C-08-1H SESW 17-152N-93W
UNIT 329 QUESTAR E & P CO MHA 1-06-31H-150-92 SESW 6-149N-92W
KEY NRG 439 SAGEBRUSH RESOURCES LLC DEIBLER 25-16 SESE 25-162N-83W
PRECISION 512 SIMRAY GP LLC LEVINGS ESTATE 1-08H SESE 8-149N-93W
MAJOR 27 SLAWSON EXPLORATION ATLANTIS FEDERAL 1-34-35H NWSW 34-152N-92W
NABORS 687 SLAWSON EXPLORATION CANNONBALL FEDERAL 1-27-34H NENW 27-152N-91W
RED HAWK 558 SLAWSON EXPLORATION WIZARD 1-35H NENW 35-152N-93W
NABORS 152 ST MARY LAND & EXPLORATION CO ANDERSON 12-14H NWSW 14-149N-96W
NABORS 182 TRACKER RES DEVMNT WERRE TRUST 29-1H SW SW 20-144N-94W
NABORS 44 TRACKER RES DEVMNT LIND 2-1H NWNE 2-145N-97W
BRONCO 59 WHITING OIL AND GAS CORP OLSON FEDERAL 42-8H SENE 8-153N-91W
NABORS 686 WHITING OIL AND GAS CORP RON OLSON 31-1HCE NWNE 1-155N-97W
NABORS 99 WHITING OIL AND GAS CORP ROHDE 43-1H NESE 1-153N-92W
PIONEER 56 WHITING OIL AND GAS CORP ANNALA 12-33H SWNW 33-153N-91W
PIONEER 57 WHITING OIL AND GAS CORP HOLMBERG 44-24H SESE 24-153N-93W
PIONEER 66 WHITING OIL AND GAS CORP MEIERS 11-17H NWNW 17-154N-92W
PIONEER 67 WHITING OIL AND GAS CORP SMITH 12-7H LOT 2 7-153N-91W
PRECISION 106 WHITING OIL AND GAS CORP PLATT 43-28H NESE 28-154N-91W
PRECISION 51 WHITING OIL AND GAS CORP CURREN 11-14H NWNW 14-153N-93W
PRECISION 520 WHITING OIL AND GAS CORP TTT RANCH 12-25H SWNW 25-154N-92W
H & P 180 XTO ENERGY INC H M HOVE 34X-33 SWSE 33-155N-96W
NABORS 265 XTO ENERGY INC BOOMER 34X-35 LOT 3 35-148N-97W
NABORS 681 XTO ENERGY INC THOMAS 44X-18 SESE 18-154N-95W
NABORS 742 XTO ENERGY INC MONDAK FEDERAL 14X-11 SWSW 11-148N-105W
NABORS 742 XTO ENERGY INC WARD 11X-23 NWNW 23-154N-95W
NABORS 688 ZAVANNA LLC GENE 1-22H SESE 22-154N-99W
CYCLONE 31 ZENERGY INC ROLFSRUD 7-6H SESW 7-152N-97W
ENSIGN 76 ZENERGY INC LUNDEEN 4-26H NWNW 26-152N-98W
PARAMOUNT 517 ZENERGY OPERATING CO LLC DAKOTA-3 CLARA 14-17H SESW 17-149N-93W
PRECISION 517 ZENERGY OPERATING CO LLC DAKOTA-3 VAN HOOK – R/S 16-4H SESE 4-150N-92W
PRECISION 96 ZENERGY OPERATING CO LLC DAKOTA-3 BIRDSBILL 14-16H SESW 16-149N-93W

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Feb
08

Interview with Slawson Exploration Company, Inc.

Posted by bakkenexpert

Craig Slawson of  Slawson Exploration Company Inc. was gracious enough to grant an interview that provides great insight on the Bakken region.  Craig and Todd Slawson, along with other  family run the exploration arm of the Slawson companies.   It underscores some of the challenges for O&G companies operating in the region.  Enjoy and look for more interviews to come:


Question: How did your family get started in oil & gas and ultimately see the potential in the Bakken region?

Answer: Our father started the business in 1957 as a young geologist out of KU hunting for Mississippian age pools in central, then western Kansas.  Initial successes led to expansion and ongoing integration within the industry to a culmination of 800 employees, 9 rigs (KS and deep Anadarko), largest crude purchasing/transport in KS, extensive radio towers, and essentially became the most dominate wildcatter in most of the basins we played (Powder, Williston, KS, Anadarko, Sacramento and some Gulf Coast).

Our secret sauce was tenacity, patience and applied “proven” technology as a “fast follower”.  We stayed in core basins through thick and thin, applying cutting edge technologies as risk reduction tools to convert exploration plays to exploitation provinces.  Thus was the case with 3D AVO in the Sac basin turbidites, the Bakken Shale in the late 80’s (3rd Rockies operator to drill a H test) and now in associated reservoirs within the Bakken sequence as well as other regions.  As is often the case we “found” the Bakken when looking for other formations but in the right area for a Bakken “bailout” at a time when others just started to deploy horizontal technologies from Texas.  Thus Slawson jumped in very early, learned by drilling and tweaking ourselves versus using conventional wisdom.  We understood what made this work and from there focused on exploration of other adjacent provinces, specifically the Richland County area – which also had “accidental” vertical production.  In 1991 we amassed some 40,000 acres in options to attempt this region but with crude selling in the teens we gave up after 50 showings.  Finally in 2003 one of the other operators hit near this area and were able to quickly capitalize once again on our previous work.

As one of the smaller players in the Bakken province(s) we still see places we can employ our unique traits.  The Bakken is more complicated than most realize.  And the ever-evolving drilling and completion technologies will continue to lesson some of the complications but one must know where to drill and why – which subset strata and why – direction and the optimal length laterally and which completion technique will optimize the exploitation.  By my count thus far there are 8 different provinces.  The industry has mastered maybe 4.  Potential remains in the remaining areas/formations and in refining what we have already mastered with latest techniques.


Question: Being “on the ground” in the Bakken region, do you see any trends occurring in terms of uptick in drilling,  heightened interest etc?

Answer: We do see many trends evolving in both testing other geologic concepts and in the ever-evolving drilling/completion techniques that will help us both better develop and better exploit some of the lesser productive yields.  BEXP’s expansion and deployment of closer stage frac spacing from early attempts in Mountrail is one trend.  We just successfully deployed a record 36 stage frac on a 8000’ lateral thus now yielding a ~200’ frac spacing.  I believe some of Canada’s work is now ~150’ spacing.  And as the gas-prone Gulf Coast companies attempt to morph to oil given the ongoing gas supply pressure they are starting to enter the province – we have seen this trend all too many times.


Question: Are you seeing improved deployment times (time to get drill online and producing) in the region and if so, is the improved technology around horizontal drilling making the difference?

Answer: In general the infrastructure is improving such that there is currently a good balance of completion vendors, drilling rigs and oil/gas egress from the state (some tightness of course in all areas if things heat up further).  The past two winters have not been kind to operations but this goes with the territory and gives others pause.


Question: What are some on the technical and personnel challenges you’ve faced in growing the business in the Bakken region?

Answer: Challenges have been many and varied.  First in acquiring leases at fair prices commensurate with the risk/reward.  Drilling rig shortages, crew shortages, tubular shortages, pipeline egress capacity issues, then wildly fluctuating product prices which put EVERYTHING into a tailspin immediately after a boom cycle.  Companies had just signed longer term commitments for rigs, pipe, egress infrastructure, etc and given the longer lead times in this industry, most cannot back peddle fast enough to accommodate swings like this and thus suffered.  Slawson’s perseverance in this time prevailed and was able to take advantage of the early 09 recession to re-amass more acreage.  We “doubled-down” because the market presented a buying opportunity in a relatively short term pricing issue that was artificially too high anyway.


Question:  Is Slawson going to stay a private entity or do you potentially see a public offering in the future?

Answer:  Slawson (SECI) is manically private and enjoys answering only to ourselves, right or wrong.


Thanks again to Craig for the great information

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