Dec
03
Posted by bakkenexpert
The following bakken tidbits surfaced in the last week
- Brigham Exploration Company (NASDAQ: BEXP) announced that its operated Strand 16-9 #1H produced approximately 2,264 barrels of oil equivalent per day from the Bakken formation during an early 24 hour flow back period. Brigham maintains an approximate 21% working interest in the Strand, which is the fourth well completed under the drilling participation agreement with U.S. Energy Corp. (NASDAQ: USEG)
- Junior Bakken player, AEZ has been looking for a partner on its Bakken/Three Forks acreage position (76,000 net acres) in order to ramp activity and lower its initial drilling costs in return for about 50% of the working interest in the play.”
- BASIC EARTH SCIENCE SYSTEMS, INC. (OTCBB:BSIC) reported that drilling operations have begun on its newest Bakken well in North Dakota. The Mondak Federal #4-14H well in Section 14, T148N-R105W, a new area of interest for Basic Earth in McKenzie County, is being drilled by XTO Energy Inc., Ft. Worth, TX. This well has a single long lateral borehole spanning Sections 14 and 23. Basic Earth has an approximate 8.4% working interest and expects to spend approximately $400k for its share of drilling and completion costs on this well.
- Junior oil and gas explorer Painted Pony Petroleum Ltd. is increasing its activity in the Saskatchewan Bakken tight oil play as it almost doubles its capital spending plan for 2010 to $90 million. The company, whose share price has gone up 400% from the start of the year to $5.90, noted Thursday that production in the third quarter grew to 1,600 barrels of oil equivalent per day, up 26 per cent over the second quarter and 79 per cent from the same period of 2008.
- Reliable Energy Ltd. (the “Company” or “Reliable”) (TSX VENTURE:REL) has recently completed its development drilling program having drilled four wells (gross), 3.9 wells net, into its South Kirkella Bakken oil pool. Of the four wells, one is completed, fracture stimulated and on production at 85 bbls per day (net) of oil. Two wells were perforated and placed on production and have each averaged 37 bbls per day (net) of oil with no produced water.
The news definitely indicates that a number of smaller players in the region (including Canada) are making progress towards their production targets.
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Nov
18
Posted by bakkenexpert
As of November 18th, the active rig drill count is at 64 which is 24 more than we saw during the summer months but far fewer than the 100 plus we saw in 2008. Familiar names such as EOG and Whiting lead the pack with the most active rigs at 6 but some other smaller private players such as Anshutz Exploration and Cirque are entering the fray as well. The good news is that it looks as if exploration budgets seem to be on the mend and companies in the region are again ramping up production even if at a slower rate than previously.
| Rig |
Operator |
Well Name and Number |
| BRONCO 16 |
ANSCHUTZ EXPL CORP |
TWIST 31-4H |
| CYCLONE 25 |
ANSCHUTZ EXPL CORP |
KADRMAS 11-27H |
| H & P 255 |
ANSCHUTZ EXPL CORP |
KARY STATE 34-19H |
| ENSIGN 123 |
BAYTEX ENERGY USA LTD |
FURHMAN 36-162-99H |
| WHITE MT. 750 |
BRIGHAM OIL & GAS LP |
LIFFRIG 29-20 1-H |
| NABORS 49 |
BRIGHAM OIL & GAS LP |
STATE 36-1 1-H |
| NABORS 52 |
BRIGHAM OIL & GAS LP |
WILLISTON 25-36 1-H |
| NABORS 266 |
BRIGHAM OIL & GAS LP |
JACKSON 35-34 1-H |
| PIONEER 44 |
BTA OIL PRODUCERS LLC |
NORTH COUNTRY, 9210 JV-P 31-8 |
| BRONCO 28 |
BTA OIL PRODUCERS LLC |
20401 JV-P LOUIE 1-36H |
| PRECISION 602 |
BURLINGTON RES O&G CO |
CHSU 24-23SH 15 |
| PRECISION 825 |
BURLINGTON RES O&G CO |
BADLANDS 21-15H |
| NABORS 59 |
BURLINGTON RES O&G CO |
ARCHES 24-35H |
| NABORS 165 |
CIRQUE RESOURCES LC |
RED LADY 36-4H |
| NABORS 688 |
CIRQUE RESOURCES LC |
ALASKAN AMBER 11-3H |
| CYCLONE 9 |
CONTINENTAL RESOURCES |
LOWE 42-9NH |
| CYCLONE 20 |
CONTINENTAL RESOURCES |
ARVID 2-34H |
| CYCLONE 22 |
CONTINENTAL RESOURCES |
BICE 2-29H |
| PATTERSON 180 |
CONTINENTAL RESOURCES |
NORMAN 1-9H |
| TRINIDAD 36 |
CONTINENTAL RESOURCES |
OMAR 2-1H |
| PRECISION 289 |
ENCORE OPERATING LP |
WERRE TRUST 44-34H |
| NABORS 161 |
EOG RESOURCES INC |
LIBERTY 2-11H |
| MAJOR 43 |
EOG RESOURCES INC |
FERTILE 14-17H |
| NABORS 527 |
EOG RESOURCES INC |
WAYZETTA 102-02H |
| NABORS 148 |
EOG RESOURCES INC |
AUSTIN 101-15H |
| TRUE 28 |
EOG RESOURCES INC |
CLEARWATER 100-19H |
| DHS 12 |
EOG RESOURCES INC |
ROUND PRAIRIE 1-17H |
| NABORS 108 |
FIDELITY EXPL & PROD CO |
CRAFT 44-29H |
| NABORS 460 |
HESS CORPORATION |
HA-NELSON A-152-95- 3427H-1 |
| H & P 241 |
HESS CORPORATION |
EN-RICE A-155-94- 0310H-1 |
| H & P 179 |
HESS CORPORATION |
EN-DAVIS-156-94- 0805H-1 |
| BRONCO 20 |
HUNT OIL COMPANY |
NICHOLS 10-15H 1 |
| UNIT 117 |
KODIAK OIL & GAS (USA) INC |
MOCCASIN CREEK 16-3-11H |
| H & P 259 |
MARATHON OIL CO |
LIL J. REISS 34-9H |
| H & P 257 |
MARATHON OIL CO |
PAUL ROHDE 21-29H |
| H & P 256 |
MARATHON OIL CO |
WOLDING 14-24H |
| PRECISION 645 |
MUREX PETROLEUM CORP |
JOY 26-35H |
| WHITE MT. 720 |
NEWFIELD PROD CO |
MANTA RAY 1-12H |
| NABORS 272 |
NEWFIELD PROD CO |
CLEAR CREEK STATE 1-36H |
| H & P 258 |
PEAK NO DAK LLC |
SONDROL 30-21H |
| ENSIGN 46 |
PETRO HUNT LLC |
PRODUCERS CORPORATION 159-94-8B-17-1H |
| ENSIGN 93 |
PETRO HUNT LLC |
FORT BERTHOLD 148-94-17D-08-1H |
| BRONCO 8 |
PETRO HUNT LLC |
SORENSON 152-96-13B-24-1H |
| UNIT 329 |
QUESTAR E & P CO |
MHA 1-13-14H-150-91 |
| PIONEER 57 |
SHD OIL & GAS, LLC |
SIMBA 24-30H |
| PRECISION 512 |
SIMRAY GP LLC |
ROBERTS TRUST 1-13H |
| PATTERSON 167 |
SINCLAIR OIL & GAS CO |
HIGHLAND 1-9H |
| NABORS 687 |
SLAWSON EXPLORATION |
STALLION 1-1-12H |
| RED HAWK 558 |
SLAWSON EXPLORATION |
BANSHEE 2-1H |
| ENSIGN 125 |
SLAWSON EXPLORATION |
HOWITZER 1-25H |
| NABORS 152 |
ST MARY LAND & EXPLORATION CO |
TORGESON 3-30H |
| ENSIGN 88 |
ST MARY LAND & EXPLORATION CO |
BEAR DEN FEDERAL 4Y-30H |
| NABORS 742 |
ST MARY LAND & EXPLORATION CO |
MONDAK FEDERAL 4-14H |
| NABORS 182 |
TRACKER RES DEVMNT |
OBRIGEWITCH 4-1H |
| PIONEER 56 |
WHITING OIL AND GAS CORP |
SANISH BAY 42-12H |
| PIONEER 67 |
WHITING OIL AND GAS CORP |
PLATT 44-28H |
| NABORS 686 |
WHITING OIL AND GAS CORP |
ANDERSON 11-7TFH |
| PRECISION 106 |
WHITING OIL AND GAS CORP |
IVERSON 11-14H |
| PRECISION 520 |
WHITING OIL AND GAS CORP |
RIGEL STATE 12-16H |
| PIONEER 66 |
WHITING OIL AND GAS CORP |
KANNIANEN 44-33H |
| NABORS 265 |
XTO ENERGY INC |
LOIS FEDERAL 24X-6 |
| H & P 180 |
XTO ENERGY INC |
MENDENHALL 12X-18 |
| NABORS 481 |
ZAVANNA LLC |
BOBCAT 1-25H |
| PRECISION 517 |
ZENERGY OPERATING CO LLC |
DAKOTA-3 PATRICIA CHARGING 4-15H |
| PRECISION 96 |
ZENERGY OPERATING CO LLC |
THOMPSON 1-SWD |
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