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

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Daily Roundup – 8/25/08

Posted by bakkenexpert

It looked like it was going to be decidedly negative day for Bakken stocks today but in the afternoon, most of the losses were pared as Tropical Storm Gustav formed in the Caribbean which kept oil prices above $115.   Many of our plays including WLL and CLR have gained close to 10% in the last week or so and we are hoping that the gains have staying power with the latest uptick in oil prices.    Also,  in the last 2 weeks major analysts have issued the following positive recommendations/upgrades on Bakken plays: The general uptrend continues to be intact and as stated before,  the price of oil needs to stabilize before a longer term uptrend can be forged by our basket bakken stocks.

Company                                    Analyst                                      Rating

Kodiak Oil & Gas (KOG)                        RBC Capital Markets                               Outperform

Whiting Petroleum (WLL)                      Bank of America                                     Buy

EOG Resources                                     Oppenheimer                                         Buy

Saint Mary’s Land & Exploration          Sun Trust Rbsn Humphrey                      Buy

bakken

Symbol	Last Trade		Change		Volume	Avg Vol (3m)
WLL	4:02PM ET	93.42	0.29	0.31%	730,230	1,128,700
MDU	4:03PM ET	32.06	0.41	1.26%	661,728	1,110,280
SM	4:00PM ET	42.28	0.33	0.77%	921,540	1,467,120
CLR	4:02PM ET	49.53	0.92	1.82%	2,005,769	1,886,790
EOG	4:02PM ET	102.21	1.43	1.38%	2,470,874	3,853,550
NOG	4:00PM ET	7.19	0.25	3.36%	169,975	616,788
KOG	4:00PM ET	2.98	0.00	0.00%	717,581	1,377,920
KDKN.OB	3:28PM ET	1.63	0.12	6.86%	20,483	164,523
BSIC.OB	3:27PM ET	1.76	0.01	0.57%	7,825	60,198.4
XTO	4:02PM ET	48.18	0.16	0.33%	9,251,943	12,135,100

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