July – Active Drilling Rig Report

Posted by bakkenexpert

The rig count is currently at about 40 and has fallen dramatically since the Nov 08 count in the mid nineties.    It looks like both EOG and Continental both scaled back dramatically while Whiting continued drilling with the same number of rigs.     We’ll continue to track to see if rig count is a leading indicator of capital spend increasing in exploration across the industry.   For now however,  don’t expect any major increases in output from new wells in the area,  rather maximizing flow on existing wells.

Rig	Operator	Well Name and Number	Start Date
KEY NRG 439	SAGEBRUSH RESOURCES LLC	RICE TRUST 1	7/24/2009
STRIDE 772	LUFF EXPLORATION CO	LUTES STATE #1	7/24/2009
ENSIGN 93	PETRO HUNT LLC	THORSON 159-94-7B-18-1H	7/12/2009
ENSIGN 123	BAYTEX ENERGY USA LTD	GOLDAL 16-10-161-98H	7/13/2009
TRINIDAD 36	CONTINENTAL RESOURCES	BRATLIEN 1-35H	7/6/2009
UNIT 117	KODIAK OIL & GAS (USA) INC	CHARGING EAGLE 1-22-10H	7/21/2009
H & P 258	PEAK NO DAK LLC	VOIGT 32-24H	7/9/2009
H & P 257	MARATHON OIL CO	JACQUELINE OLSON 14-16H	7/12/2009
NABORS 59	BURLINGTON RES O&G CO	BOXCAR 21-15H	7/19/2009
H & P 259	MARATHON OIL CO	SCHOLLMEYER 21-4H	7/20/2009
NABORS 182	TRACKER RES DEVMNT	HAY DRAW 34-1H	6/17/2009
CYCLONE 22	CONTINENTAL RESOURCES	DOLEZAL 1-5H	7/5/2009
PRECISION 825	BURLINGTON RES O&G CO	NORTH COAST 11-25H	6/21/2009
NABORS 688	ANSCHUTZ EXPL CORP	STROH 11-1H	7/5/2009
NABORS 265	XTO ENERGY INC	JORGENSON 43X-4	7/10/2009
NABORS 486	ANSCHUTZ EXPL CORP	SICKLER STATE 21-4H	6/7/2009
ENSIGN 76	ZENERGY INC	AAGVIK 1-35H	6/30/2009
PATTERSON 180	CONTINENTAL RESOURCES	ROLLEFSTAD 1-3H	7/17/2009
BRONCO 8	PETRO HUNT LLC	USA 3D-4-4H	7/18/2009
NABORS 460	HESS CORPORATION	BB-STATE-151-96- 3625H-1	6/15/2009
PIONEER 67	WHITING OIL AND GAS CORP	HAGEY 11-13H	* MIRU
NABORS 148	EOG RESOURCES INC	FERTILE 13-18H	7/3/2009
PIONEER 66	WHITING OIL AND GAS CORP	ARNDT 11-24H	7/15/2009
H & P 241	HESS CORPORATION	RS-FELDMAN-156-92- 1423H-1	7/19/2009
H & P 179	HESS CORPORATION	EN-HERMANSON A-154-93- 0136H-1	7/6/2009
NABORS 108	FIDELITY EXPL & PROD CO	CRAFT 22-15H	7/8/2009
NABORS 161	EOG RESOURCES INC	LUCILLE 22-06H	7/10/2009
GREY WOLF 517	ZENERGY OPERATING CO LLC	DAKOTA-3 PENNINGTON 16-15H	7/6/2009
ENSIGN 67	EOG RESOURCES INC	FERTILE 23-19H	7/6/2009
GREY WOLF 106	WHITING OIL AND GAS CORP	STROBECK 11-1H	7/8/2009
MAJOR 43	EOG RESOURCES INC	BURKE 27-07H	7/26/2009
RED HAWK 558	SLAWSON EXPLORATION	GENESIS 1-13H	7/26/2009
H & P 256	MARATHON OIL CO	BRODAHL 31-25H	7/28/2009
BRONCO 20	HUNT OIL COMPANY	NIELSEN 1-8H	7/10/2009
NABORS 686	WHITING OIL AND GAS CORP	TOLLEFSON 44-10H	5/30/2009
GREY WOLF 520	WHITING OIL AND GAS CORP	KANNIANEN 11-5H	6/25/2009
RED HAWK 354	UNIT PETROLEUM CO	MCCARROLL RANCH 1	7/6/2009
RED HAWK 351	EAGLE OPERATING INC	WGMU 2	7/16/2009
ENSIGN 88	XTO ENERGY INC	MARMON 41X-12	6/30/2009
NABORS 49	BRIGHAM OIL & GAS LP	BRAD OLSON 9-16 1-H	7/16/2009

Related posts

• Active Drilling Rigs – Feb 28th 2010 (0)
• Active Drilling Rig List – Jan 27, 2010 (0)
• August 6, 2008 – Active Drilling Rig Report (1)
• Latest Confidential Well List (0)
• July 26, 2008 – Active Drilling Rig List (0)

Strong Follow Through

Posted by bakken

Our recent cycle of successive groundhog days have temporarily ceased with solid upticks over the last 3 trading days.   Oil saw a temporary bottom around $59 a few days ago and has bounced strongly off that mark into the mid sixties.     It has also helped that Exxon-Mobil reported some jaw dropping profits of $14 billion as well as some good news from our bakken plays as listed below:

• Brigham Exploration Company (NasdaqGS:BEXP – News) announced three high flow working interest Bakken discoveries, participation in its first Anadarko Basin horizontal Woodford shale well
• Continental Resources (CLR) stated its third-quarter net income soared to a record of $112.4 million, or $2.65 per share, on revenue of $388.4 million which is up 135% from same quarter last year.   The news sent the stock up over 10% today
• Basic Earth Science Systems, Inc. (Basic Earth) (OTC Bulletin Board: BSIC – News) announced that its Board of Directors has authorized the repurchase of up to 500,000 shares of the Company’s outstanding common stock over the next 18 months.  This is quite unusual for a company of this size and signals that the mgmt of the company feels strongly that the stock is undervalued.

bakken

Symbol	Last Trade		Change		Volume	Avg Vol (3m)
NOG	1:03PM ET	4.74	0.18	4.06%	132,642	367,429
WLL	1:05PM ET	47.85	6.85	16.71%	1,965,892	1,342,220
SM	1:05PM ET	23.21	0.92	4.13%	423,417	1,271,550
MDU	1:05PM ET	18.55	0.85	4.80%	764,356	1,442,780
GEOI	1:04PM ET	12.82	0.41	3.30%	41,570	130,341
BSIC.OB	12:02PM ET	0.90	0.08	9.76%	2,500	38,635.9
WSEG.OB	9:52AM ET	0.12	0.01	9.09%	3,700	573,402
CLR	1:05PM ET	28.40	2.76	10.76%	1,256,084	2,248,770
BEXP	1:05PM ET	6.99	0.55	8.54%	433,091	1,027,970
KDKN.OB	12:30PM ET	0.60	0.08	15.38%	640,041	95,348.4
KOG	1:02PM ET	0.71	0.00	0.11%	181,168	1,038,580
EOG	1:05PM ET	75.01	2.43	3.35%	2,558,985	4,877,390

Related posts

• Continental Resources (CLR) plugged by Analyst Note (1)
• New Bakken stock we are tracking (0)
• Continental Resources in the CLR (0)
• Write your congressman (0)
• Why treehuggers do not like Bakken (5)