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Feb
28

Active Drilling Rigs – Feb 28th 2010

Posted by bakkenexpert

Drilling rig activity is heating up in the Bakken Region.    The latest count is up 8 from about 3 weeks ago to 96.   EOG (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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Jan
27

Active Drilling Rig List – Jan 27, 2010

Posted by bakkenexpert

The active drilling rigs increased 12% to 88 from a count of 78 just 3 weeks ago.   The pace of drilling has increased and the bigger players are expanding their footprints.    Both Continental Resources (CLR) , Whiting Oil & Gas (WLL) and EOG Resources (EOG) all increased their rig count and some private players such as Slawson continuing to deploy rigs.    Given that energy ipo’s are expected to increase in 2010 over 2009,  I wouldn’t be surprised to see some of the smaller bakken players enter the capital markets over the next 18 months.

Drilling Rig Count - Jan 26th, 2010

Rig Operator Well Name and Number Current Location
NABORS 486 AMERICAN OIL & GAS INC TONG TRUST 1-20H SWSE 20-157N-96W
BRONCO 16 ANSCHUTZ EXPL CORP NEAL 1-33-28H-144-95 LOT2 4-143N-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
ENSIGN 67 BAYTEX ENERGY USA LTD JACOBSON 15-161-98H SESE 15-161N-98W
NABORS 49 BRIGHAM OIL & GAS LP PAPINEAU TRUST 17-20 1-H NENW 17-151N-102W
NABORS 52 BRIGHAM OIL & GAS LP JEROME ANDERSON 15-10 1-H SWSE 15-155N-92W
NABORS 266 BRIGHAM OIL & GAS LP JACK ERICKSON 6-31 1-H SWSE 6-154N-102W
NABORS 350 BRIGHAM OIL & GAS LP KALIL 25-36 1561-H NWNE 25-156N-103W
NABORS 59 BURLINGTON RES O&G CO BOXER 21-6H LOT 3 6-149N-96W
PRECISION 825 BURLINGTON RES O&G CO CAPITOL 34-7H SWSE 7-152N-96W
NABORS 165 CIRQUE RESOURCES LC FEAST OF FOOLS 12-16H SESE 12-160N-91W
CYCLONE 9 CONTINENTAL RESOURCES DUAINE 42-4SH SENE 4-130N-106W
TRINIDAD 36 CONTINENTAL RESOURCES IMSLAND 2-31H SESW 31-160N-95W
CYCLONE 20 CONTINENTAL RESOURCES OTIS 1-13H NWNE 13-161N-96W
CYCLONE 22 CONTINENTAL RESOURCES LUNDBERG 1-8H NWNE 8-146N-96W
CYCLONE 28 CONTINENTAL RESOURCES KATE 1-19H NENE 19-147N-96W
CYCLONE 21 CONTINENTAL RESOURCES BROCKMEIER 1-1H NWNW 1-146N-98W
PATTERSON 180 CONTINENTAL RESOURCES MURI 1-27H NENW 27-151N-97W
CYCLONE 23 CONTINENTAL RESOURCES WILLIE 1-25H NENE 25-159N-95W
CYCLONE 25 CONTINENTAL RESOURCES OBERT 1-13H SESW 13-155N-104W
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
MAJOR 42 EOG RESOURCES INC BURKE 4-06H LOT4 6-155N-90W
BRONCO 28 EOG RESOURCES INC AUSTIN 30-13H SESE 13-154N-90W
NABORS 527 EOG RESOURCES INC FERTILE 14-17H SWSE 17-151N-90W
MAJOR 26 EOG RESOURCES INC FERTILE 16-20H SESE 20-151N-90W
NABORS 161 EOG RESOURCES INC FERTILE 34-31H NENW 31-151N-90W
BRONCO 23 EOG RESOURCES INC BURKE 29-33H SESE 33-155N-90W
NABORS 148 EOG RESOURCES INC VAN HOOK 13-35H SESE 35-152N-91W
DHS 12 EOG RESOURCES INC ROSS 100-09H SWSW 9-156N-92W
TRUE 32 EOG RESOURCES INC SIDONIA 7-25H NWNW 25-158N-90W
DHS 10 EOG RESOURCES INC SIDONIA 34-31H LOT1 31-158N-90W
TRUE 28 EOG RESOURCES INC SIDONIA 8-26H SESE 26-158N-90W
NABORS 108 FIDELITY EXPL & PROD CO DEADWOOD CANYON RANCH 44-34H SESE 34-154N-92W
NABORS 460 HESS CORPORATION BB-FEDERAL-151-95- 0817H-1 NENW 8-151N-95W
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
BRONCO 20 HUNT OIL COMPANY SEVERANCE 1-9-4H SESW 9-153N-89W
UNIT 117 KODIAK OIL & GAS (USA) INC MOCCASIN CREEK 13-34-3H SWSW 34-148N-93W
H & P 259 MARATHON OIL CO FETTIG 11-27H NWNW 27-146N-95W
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 256 MARATHON OIL CO MYLO MONITOR 1 SESW 11-151N-93W
PIONEER 44 MUREX PETROLEUM CORP ALFRED BROWN 2 NENE 34-151N-96W
PRECISION 645 MUREX PETROLEUM CORP JOYCE 3-10H LOT 4 3-154N-91W
PRECISION 602 MUREX PETROLEUM CORP TERESA NELL 20-17H SESE 20-157N-95W
NABORS 419 NEWFIELD PROD CO MANTA RAY 1-12H SESW 12-150N-100W
NABORS 272 NEWFIELD PROD CO PITTSBURGH 1-3H NWNW 10-153N-96W
NABORS 476 NEWFIELD PROD CO SAND CREEK FEDERAL 1-21H NENW 28-153N-96W
NABORS 177 OASIS PETRO NO AMER ANGELL 5200 31-28H NWSW 28-152N-100W
NABORS 149 OASIS PETRO NO AMER ENERSON 5792 44-4H SESE 4-157N-92W
WHITE MT. 750 OASIS PETRO NO AMER NJOS FEDERAL 5602 11-13H NWNW 13-156N-102W
ENSIGN 93 PETRO HUNT LLC FORT BERTHOLD 152-93-17C-08-1H SESW 17-152N-93W
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
UNIT 329 QUESTAR E & P CO MHA 1-06-31H-150-92 SESW 6-149N-92W
BDR 1 RM RESOURCES LLC SIGNALNESS 13-35 SWSW 35-151N-96W
KEY NRG 439 SAGEBRUSH RESOURCES LLC HELLER 6-31 SENW 31-162N-82W
PRECISION 512 SIMRAY GP LLC LEVINGS ESTATE 1-08H SESE 8-149N-93W
PATTERSON 167 SINCLAIR OIL & GAS CO MARTENS 1-4H LOT 4 4-154N-92W
NABORS 687 SLAWSON EXPLORATION CANNONBALL FEDERAL 1-27-34H NENW 27-152N-91W
ENSIGN 125 SLAWSON EXPLORATION MACHETE 1-19H NENW 30-152N-92W
MAJOR 27 SLAWSON EXPLORATION WHIRLWIND 1-31H NWNE 6-151N-92W
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 DANIELLE 12-1H SESE 12-145N-97W
PIONEER 56 WHITING OIL AND GAS CORP PATTEN 44-3H SESE 3-153N-91W
BRONCO 59 WHITING OIL AND GAS CORP LEO 12-29H SWNW 29-153N-91W
PRECISION 51 WHITING OIL AND GAS CORP SORENSON 11-3H LOT 4 3-152N-91W
NABORS 686 WHITING OIL AND GAS CORP TTT RANCH 12-6H LOT 5 6-153N-91W
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
NABORS 99 WHITING OIL AND GAS CORP ROHDE 43-1H NESE 1-153N-92W
PRECISION 520 WHITING OIL AND GAS CORP TTT RANCH 21-26H NENW 26-154N-92W
PRECISION 106 WHITING OIL AND GAS CORP KINNOIN 21-14H NENW 14-154N-91W
NABORS 265 XTO ENERGY INC CAROL FEDERAL 24X-6 SESW 6-148N-96W
NABORS 742 XTO ENERGY INC MONDAK FEDERAL 14X-11 SWSW 11-148N-105W
NABORS 681 XTO ENERGY INC THOMAS 44X-18 SESE 18-154N-95W
H & P 180 XTO ENERGY INC H M HOVE 34X-33 SWSE 33-155N-96W
NABORS 688 ZAVANNA LLC GENE 1-22H SESE 22-154N-99W
ENSIGN 76 ZENERGY INC LUNDEEN 4-26H NWNW 26-152N-98W
PRECISION 96 ZENERGY OPERATING CO LLC DAKOTA-3 TAT 15-1H SWSE 1-149N-93W
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

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