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Nov
18

Active Drilling Rig Count – Nov 18th

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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Feb
27

Bakken strategy

Posted by bakkenexpert

It seems that oil has bottomed and in some strange way may actually turn out to be a flight to quality amidst the financial turmoil that has overwhelmed the markets.   We see that XLE has massive support at 40 and oil is currently rangebound between 30 and 40.     Gas at the pump bottomed around 1.60 and 1.70 and now is climbing back above $2 in many parts of the country.   Our Bakken plays have also been quite rangebound with most in a 10% trading range.    The pure plays are off about 80% from their highs and downside from here is another 20% from current levels unless we enter a full on recession.  I am still content going long WLL or  CLR and selling monthly out of the money calls to hedge my trade.  This way I can earn 5%+ per month regardless of what the stock does by selling these calls.   Of course,  if these stocks are cut in half due to futher deterioration,  it will take a while to get your money back!   Good luck

Symbol Last Trade P/E Pct from Yr High Short Ratio
NOG Feb 26 2.73 N/A Down 83.35% 11.1
WLL Feb 26 23.75 4.00 Down 78.87% 1.6
SM Feb 26 13.46 9.28 Down 79.48% 4
MDU Feb 26 15.16 9.51 Down 57.10% 1.3
GEOI Feb 26 6.19 4.77 Down 78.71% 12.7
BSIC.OB Feb 26 0.61 7.92 Down 79.93% N/A
WSEG.OB Feb 26 0.0330 N/A N/A% -
CLR Feb 26 17.31 7.83 Down 79.35% 3.9
BEXP Feb 26 1.33 3.05 Down 92.73% 5.1
KDKN.OB Feb 26 0.37 N/A Down 89.97% -
KOG Feb 26 0.2506 N/A Down 95.44% 3
EOG Feb 26 51.41 5.29 Down 64.54% 1.3

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