Sep
28
Posted by bakken
The last few weeks have been tough on investors with wild swings in both directions and an inability to predict the markets next moves. We are staying steadfast in our bullishness on both Brigham Exploration (BEXP: 0.00 N/A) and Continental Resources (CLR: 71.31 +0.62%) and expect these Bakken plays to break out in the next 3-9 months. The weekly roundup is below.
- After intense selling pressure last week, most Bakken stocks rebounded upwards 10-15% in the last 2 trading days but most are still trading well below their 2011 highs.
- On September 26th, Enbridge shut the 25,000-barrel-a-day Line 26, which transports oil from Berthold, North Dakota, to Steelman, Saskatchewan. The pipeline was shut down due to a leak and there is currently no timetable to bring the pipeline back online
- Two of Whiting Oil’s (WLL: 44.20 -0.20%) wells, Smith 34-12TFH and Lydia 21-14TFH at Lewis & Clark Completed with Initial Flow Rates of 2,939 BOE/D and 1,960 BOE/D, Respectively. Whiting Oil has 1,102,302 gross and 680,137 net acres in the Bakken/Three Forks region.
- Hess Corp (HES.N) Chief Executive John Hess believes oil output from shale prospects in unconventional sources from North Dakota to Texas could reach 1.5 million to 2 million barrels-per-day (bpd) in the coming five to seven years, twice as much as the 700,000 bpd currently produced in these places.
In looking at the major players in the region, Northern Oil & Gas was the only one to end up net positive after a week of brutal selling as a result of increased production. Hopefully the remaining players can follow suite as the market recovers in the short term.
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Nov
16
Posted by bakken
Since our last report 2 months ago the number of active drilling rigs has increased 10% to 158 total rigs. Despite the challenging economic environment, oil and commodities have continued to creep higher over the last 2 months. Crude topped out above $86 about a week ago and now has drifted back to $84 as of Tuesday morning. The XLE ETF has gone from the low $50′s to a short term high of $63.89 earlier this month. There is some overall concern about the market in general with a number of technical indicators showing that we may be facing some headwinds for the next 6 months as global economic issues such as sovereign debt in Ireland and Portugal take the forefront. Continental Resources (CLR: 71.31 +0.62%) continues to be the Bakken leader with 20 active drilling rigs adding one since our last count. Whiting Petroleum (WLL: 44.20 -0.20%) & Brigham Exploration (BEXP: 0.00 N/A) both are unchanged since our last count 2 months ago. The number of smaller players standing up 1-2 rigs seems to be increasing with every month that goes by. Given the premium that most Bakken stocks now hold compared to their offshore counterparts, there may be a chance that acquisitions of these smaller private players may increase.
| Operator |
Well Name and Number |
Current Location |
| ABRAXAS PETROLM CORP. |
STENEHJEM 27-34-1H |
NENE 27-150N-97W |
| AMERICAN OIL & GAS INC |
TWILIGHT 1-24H |
SWSW 24-156N-99W |
| AMERICAN OIL & GAS INC |
DAHL 15-22H |
SWSE 22-156N-97W |
| AMERICAN OIL & GAS INC |
HAUG 14-19H |
SESW 19-156N-98W |
| AMERICAN OIL & GAS INC |
FOSS FAMILY TRUST 15-23H |
SWSE 23-156N-97W |
| ANSCHUTZ EXPL CORP |
STATE KNOPIK 1-21-16H-144-97 |
SWSE 21-144N-97W |
| ANSCHUTZ EXPL CORP |
STATE 1-16-21H-143-96 |
SWSE 9-143N-96W |
| ANSCHUTZ EXPL CORP |
ALFRED SADOWSKY 1-36-1H-141-96 |
NENW 36-142N-96W |
| ANSCHUTZ EXPL CORP |
ALINA TORMASCHY 1-32-29H-143-96 |
SWSE 32-143N-96W |
| ANSCHUTZ EXPL CORP |
FISHER STATE 1-21-16H-142-97 |
SESW 21-142N-97W |
| BAYTEX ENERGY USA LTD |
OBRIEN SWD 1-7 |
SWSW 7-161N-97W |
| BAYTEX ENERGY USA LTD |
HANSEN 6-7-162-99H |
NENE 18-162N-99W |
| BAYTEX ENERGY USA LTD |
LARSEN 8-162-99H |
NWNW 8-162N-99W |
| BERENERGY CORP |
GLENBURN NORTH MADISON UNIT 36-1H |
NENE 36-159N-82W |
| BRIGHAM OIL & GAS LP |
BROWN 30-19 1-H |
SWSE 30-156N-93W |
| BRIGHAM OIL & GAS LP |
GIBBINS 1-12 #1-H |
LOT2 1-152N-104W |
| BRIGHAM OIL & GAS LP |
LLOYD 34-3 #1-H |
NWNE 34-151N-100W |
| BRIGHAM OIL & GAS LP |
MACMASTER 11-2 #1-H |
NWNE 14-156N-103W |
| BRIGHAM OIL & GAS LP |
SORENSON 29-32 #2-H |
SESE 20-155N-92W |
| BRIGHAM OIL & GAS LP |
AFSETH 34-3 1-H |
NWNW 34-158N-91W |
| BTA OIL PRODUCERS LLC |
20711 ERICKSON 3130 1-H |
SESW 31-155N-99W |
| BURLINGTON RES O&G CO |
SUNLINE 11-1MB-3SH |
LOT 4 1-151N-96W |
| BURLINGTON RES O&G CO |
FRANKLIN 24-36H |
SESW 36-147N-97W |
| BURLINGTON RES O&G CO |
INGA 24-12H |
SESW 12-148N-98W |
| BURLINGTON RES O&G CO |
STAFFORD 13-34H |
NWSW 34-151N-95W |
| BURLINGTON RES O&G CO |
CLEETWOOD 11-27H |
NWNW 27-152N-97W |
| CONTINENTAL RESOURCES |
NORWAY 1-5H |
NENW 5-150N-96W |
| CONTINENTAL RESOURCES |
RHONDA 2-28H |
SESE 28-146N-96W |
| CONTINENTAL RESOURCES |
BUD 1-19H |
NENW 19-153N-99W |
| CONTINENTAL RESOURCES |
SEATTLE 1-35H |
SWSE 35-152N-100W |
| CONTINENTAL RESOURCES |
HARTFORD 1-19H |
SWSE 19-155N-97W |
| CONTINENTAL RESOURCES |
HE 1-20H |
SWSE 20-151N-97W |
| CONTINENTAL RESOURCES |
SALVESON 1-7H |
SWSE 7-159N-96W |
| CONTINENTAL RESOURCES |
KLEIST 1-35H |
SESW 35-161N-96W |
| CONTINENTAL RESOURCES |
MORRIS 3-26H |
SESW 26-147N-96W |
| CONTINENTAL RESOURCES |
BUELINGO 1-20H |
SWSE 20-153N-94W |
| CONTINENTAL RESOURCES |
NORDENG 1-8H |
SESW 8-151N-97W |
| CONTINENTAL RESOURCES |
CODY 13-21NH |
NWSW 21-130N-106W |
| CONTINENTAL RESOURCES |
SKACHENKO 3-31H |
SWSE 31-146N-95W |
| CONTINENTAL RESOURCES |
HAAG 1X-21H |
SESW 21-144N-99W |
| CONTINENTAL RESOURCES |
MUIR 1-7H |
SESW 7-160N-96W |
| CONTINENTAL RESOURCES |
MISSOULA 1-21H |
SESW 21-152N-100W |
| CONTINENTAL RESOURCES |
MCCOY 2-18H |
SWSW 7-159N-95W |
| CONTINENTAL RESOURCES |
FASCHING 1-22H |
NENE 22-155N-104W |
| CONTINENTAL RESOURCES |
TEMPE 1-29H |
NENW 29-161N-96W |
| CONTINENTAL RESOURCES |
OMAR 4-12H |
SWSW 12-159N-95W |
| CORNERSTONE NAT RES LLC |
POMEROL STATE 7-36H |
SESE 36-159N-90W |
| ENCORE OPERATING LP |
NELSON 41-5H |
LOT1 5-152N-94W |
| ENCORE OPERATING LP |
THOMPSON 31-11NWH |
NWNE 11-153N-96W |
| ENCORE OPERATING LP |
SATTER 44-34SWH |
SESE 34-151N-98W |
| ENCORE OPERATING LP |
HOFFMANN 149-98-1-12-1H |
LOT 3 1-149N-98W |
| EOG RESOURCES INC |
LIBERTY LR 16-36H |
NWNW 36-151N-91W |
| EOG RESOURCES INC |
BEAR DEN 07-17H |
SESE 17-150N-94W |
| EOG RESOURCES INC |
SIDONIA 12-0718H |
LOT1 7-158N-90W |
| EOG RESOURCES INC |
AUSTIN 102-05H |
SWSE 5-154N-90W |
| EOG RESOURCES INC |
CLEARWATER 23-3025H |
NESE 30-157N-90W |
| EOG RESOURCES INC |
CROWFOOT 35-3031H |
NENW 30-158N-89W |
| EOG RESOURCES INC |
CLEARWATER 11-1807H |
SESE 18-157N-90W |
| EOG RESOURCES INC |
LIBERTY LR 19-23H |
SWSE 23-151N-91W |
| EOG RESOURCES INC |
ROUND PRAIRIE 9-3625H |
SESE 36-154N-103W |
| EOG RESOURCES INC |
ROSS 27-2728H |
SESW 27-156N-92W |
| EOG RESOURCES INC |
ROUND PRAIRIE 5-0904H |
SWSE 9-154N-103W |
| FIDELITY EXPL & PROD CO |
KOSTELECKY 31-6H |
LOT2 6-139N-97W |
| G3 OPERATING LLC |
SIIRTOLA 1-28-33H |
NWNW 28-157N-102W |
| HALEK OPERATING ND |
WEST DICKINSON 1 |
CS2NE 6-139N-96W |
| HELIS OIL & GAS CO. LLC |
HENDERSON 16-34/27H |
SESE 34-150N-95W |
| HESS CORPORATION |
EN-LALIM A-156-94- 27H-1 |
NWNW 34-156N-94W |
| HESS CORPORATION |
EN-WILL TRUST B-157-94- 2635H-3 |
NENW 26-157N-94W |
| HESS CORPORATION |
EN-DOLAN-157-94- 2833H-2 |
SWSE 21-157N-94W |
| HESS CORPORATION |
EN-URAN A-154-93 2215H-1 |
SWSE 22-154N-93W |
| HESS CORPORATION |
EN-HEINLE-156-94- 2536H-3 |
NWNE 25-156N-94W |
| HESS CORPORATION |
BB-CHAPIN A-151-95- 0403H-1 |
NWSW 4-151N-95W |
| HESS CORPORATION |
RS-NELSON FARMS A-156-90- 2829H-3 |
NWSW 27-156N-90W |
| HESS CORPORATION |
AN-BRENNA-153-94- 3130H-1 |
SESW 31-153N-94W |
| HESS CORPORATION |
EN-TRINITY-154-93- 2833H-1 |
SWSE 21-154N-93W |
| HESS CORPORATION |
EN-WEYRAUCH-154-93- 1918H-2 |
SWSE 19-154N-93W |
| HESS CORPORATION |
EN-WEFALD-156-94- 1324H-1 |
NENW 13-156N-94W |
| HUNT OIL COMPANY |
HALLIDAY 1-15-22H 1 |
NWNW 15-145N-93W |
| HUNT OIL COMPANY |
MCALMOND 1-35-26H 1 |
SWSE 35-155N-89W |
| HUNT OIL COMPANY |
SHELL 1-35-26H 1 |
SESW 35-153N-89W |
| KODIAK OIL & GAS (USA) INC |
KOALA 9-5-6-12H3 |
NESE 5-151N-99W |
| KODIAK OIL & GAS (USA) INC |
TWO SHIELDS BUTTE 2-24-12-2H |
NWNE 24-149N-93W |
| MARATHON OIL CO |
GERTRUDE TUHY 34-24H |
SWSE 24-146N-95W |
| MARATHON OIL CO |
TAT USA 13-23H |
NESE 22-151N-94W |
| MARATHON OIL CO |
ELK USA 11-17H |
NWNW 17-150N-92W |
| MARATHON OIL CO |
TRINKA 41-18H |
NENE 18-145N-93W |
| MARATHON OIL CO |
RMJK 31-26H |
NWNE 26-151N-93W |
| MARATHON OIL CO |
ERNEST CHARCHENKO 34-33H |
SWSE 33-144N-96W |
| MUREX PETROLEUM CORP |
VANESSA ABIGAIL 33-28H |
SWSW 33-157N-95W |
| MUREX PETROLEUM CORP |
RYAN CURTIS 33-4H |
NWNW 33-159N-95W |
| NEWFIELD PROD CO |
1-H SANDHILL 25-36 |
NWNW 25-156N-99W |
| NEWFIELD PROD CO |
1-H MANOLO 21-16 |
SWSE 21-156N-99W |
| NEWFIELD PROD CO |
SAND CREEK FEDERAL 1-23H |
SWSE 23-153N-96W |
| NEWFIELD PROD CO |
STAAL 150-99-26-35-1H |
SESW 23-150N-99W |
| NORTH PLAINS ENERGY LLC |
SORENSON FEDERAL 15-5H |
SWSE 5-153N-96W |
| NORTH PLAINS ENERGY LLC |
COLLYER 9-8H |
NESE 8-159N-97W |
| OASIS PETRO NO AMER |
DEVON 5601 12-17H |
NENW 17-156N-101W |
| OASIS PETRO NO AMER |
HAGEN 5792 44-31H |
SESE 31-157N-92W |
| OASIS PETRO NO AMER |
GRIMSTVEDT 5703 42-34H |
SESW 34-157N-103W |
| OASIS PETRO NO AMER |
HOLMES 5601 44-32H |
SESE 32-156N-101W |
| OASIS PETRO NO AMER |
DRUMMOND 5501 44-21H |
SESE 21-155N-101W |
| OASIS PETRO NO AMER |
COWDEN 5404 13-35H |
NWNE 35-154N-104W |
| OIL FOR AMERICA |
FROELICH 27-2 |
NWSW 27-138N-97W |
| OXY USA INC |
SUNSHINE 31-16H |
SESE 31-160N-90W |
| PEAK NO DAK LLC |
LOOK OUT RIDGE 4-31H |
NWNE 4-148N-93W |
| PETRO HUNT LLC |
FORT BERTHOLD 147-94-2A-11-1H |
NWNE 2-147N-94W |
| PETRO HUNT LLC |
JORGENSON 158-94-11D-2-1H |
SESE 11-158N-94W |
| PETRO HUNT LLC |
NJOS 157-100-26B-35-1H |
NWNW 26-157N-100W |
| PETRO HUNT LLC |
FORT BERTHOLD 152-94-13B-24-1H |
NWNW 13-152N-94W |
| PETRO HUNT LLC |
GEORGE TANK 151-96-10C-3-3H |
SWSW 10-151N-96W |
| PETRO HUNT LLC |
ANDERSON 152-96-35C-26-2H |
SWSW 35-152N-96W |
| PRIMA EXPLORATION INC |
GUNNISON 44-25H |
SESE 25-161N-91W |
| QEP ENERGY CO |
FED 1-27H-152-92 |
SESE 21-152N-92W |
| SAMSON RESOURCES CO |
MALIBU 26-35-163-98H |
NWNE 26-163N-98W |
| SAMSON RESOURCES CO |
NOVA 4-9-163-98H |
NWNE 4-163N-98W |
| SAMSON RESOURCES CO |
WOODPECKER 27-34-163-95H |
SESW 22-163N-95W |
| SINCLAIR OIL & GAS CO |
PORCUPINE 1-19H |
SESW 19-146N-97W |
| SINCLAIR OIL & GAS CO |
HOVDEN FEDERAL 1-20H |
SWSW 20-146N-97W |
| SLAWSON EXPLORATION |
CYCLONE 1-21-16H |
SWSW 21-150N-100W |
| SLAWSON EXPLORATION |
BANDIT 2-29H |
NWNW 29-152N-91W |
| SLAWSON EXPLORATION |
BONANZA 1-21-16H |
SWSE 21-152N-102W |
| SLAWSON EXPLORATION |
TURBO 1-21-16H |
SESW 21-143N-95W |
| SLAWSON EXPLORATION |
PROWLER 2-16H |
NENE 21-152N-91W |
| SLAWSON EXPLORATION |
SUBMARINER FEDERAL 1-23-24H |
NWNW 23-151N-92W |
| SLAWSON EXPLORATION |
MAMBA 2-20H |
NWNW 29-152N-91W |
| SM ENERGY CO |
JORGENSON 1-30H |
NENE 30-149N-95W |
| SM ENERGY CO |
WOLTER 13-21H |
SWSW 21-163N-100W |
| SM ENERGY CO |
WOLTER 16-23 SWD |
SESE 23-163N-100W |
| TRACKER RES DEVMNT |
T R SLETTE 18-1H 153-98 |
NENW 18-153N-98W |
| TRACKER RES DEVMNT |
BROSTUEN 6-1H |
LOT1 6-151N-102W |
| TRACKER RES DEVMNT |
WAHLSTROM 18-1H |
NWNE 18-149N-101W |
| TRACKER RES DEVMNT |
LITTLE CHASE CREEK 21-1H |
SESE 21-147N-97W |
| URSA RESOURCES GROUP |
BORSETH 15-22 1H |
NWNE 15-148N-99W |
| WHITING OIL AND GAS CORP |
ROGGENBUCK 43-24H |
NESE 24-153N-93W |
| WHITING OIL AND GAS CORP |
BERNARD ROGGENBUCK 24-25H |
SESW 25-153N-93W |
| WHITING OIL AND GAS CORP |
BROOKBANK STATE 41-16XH |
NENE 16-154N-92W |
| WHITING OIL AND GAS CORP |
MILLER 44-11H |
SESE 11-156N-97W |
| WHITING OIL AND GAS CORP |
BREHM 21-4H |
LOT3 4-152N-92W |
| WHITING OIL AND GAS CORP |
BARTLESON 21-3H |
LOT3 3-152N-93W |
| WHITING OIL AND GAS CORP |
WOLSKI 44-23H |
SESE 23-145N-104W |
| WHITING OIL AND GAS CORP |
NIEMITALO 31-15XH |
NWNE 15-154N-91W |
| WHITING OIL AND GAS CORP |
BRUENI 28-1H |
NENW 28-140N-98W |
| WHITING OIL AND GAS CORP |
HECKER 21-18TFH |
NENW 18-140N-99W |
| WHITING OIL AND GAS CORP |
ARNDT 14-5XH |
SWSW 5-154N-91W |
| WHITING OIL AND GAS CORP |
HOLLINGER 21-14TFH |
NENW 14-154N-92W |
| WHITING OIL AND GAS CORP |
ODERMANN 41-31TFH |
NENE 31-142N-101W |
| WHITING OIL AND GAS CORP |
SCOTT MEIERS 12-17TFH |
SWNW 17-154N-92W |
| XTO ENERGY INC |
MONDAK FEDERAL 24X-12 |
SESW 12-148N-105W |
| XTO ENERGY INC |
ALWIN FEDERAL 12X-19 |
LOT3 19-148N-96W |
| XTO ENERGY INC |
TUCKERMAN 11X-11 |
NWNW 11-148N-96W |
| XTO ENERGY INC |
MADISYN STATE 44X-1 |
SESE 1-154N-95W |
| XTO ENERGY INC |
ALMER 31X-6 |
LOT 2 6-157N-95W |
| ZARGON OIL (ND) INC |
ZARGON TRURO TMU 22 HZ |
SENE 21-160N-84W |
| ZAVANNA LLC |
LOUISE 1-35 H |
NWNW 35-154N-99W |
| ZENERGY INC |
CEYNAR 29-32H |
NWNE 29-152N-98W |
| ZENERGY OPERATING CO LLC |
DAKOTA-3 SKUNK CREEK 1-12H |
LOT3 1-148N-93W |
| ZENERGY OPERATING CO LLC |
DAKOTA-3 WELLS 32-29H |
SWSE 32-150N-93W |
| ZENERGY OPERATING CO LLC |
DAKOTA-3 SPOTTED RABBIT 14-23H |
NWNW 14-150N-92W |
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