Investment insight on the bakken landscape

     Bakken Stocks

 

 


Apr
12

Weekly Roundup

Posted by bakken

The number of  “Black Swan” events in the market are on the rise this year to the point that hedge funds are spinning up black swan funds to cash in on future disasters. The good news is that the events are becoming so common place that the markets are growing somewhat immune to the bad news and have held their ground. In the last 45 days we have had a major uprising in the Middle East with civil strife in Egypt, Libya and a host of other countries. Japan has faced its biggest crisis since WWII with a major earthquake and tsunami that some experts say will cost over $300 billion to recover from. Oh, did we fail to mention the accompanying nuclear disaster in Japan that now ranks up with Chernobyl and has no end in site? Through it all US markets held its ground and so did Bakken stocks as oil (WTI crude) prices hovered above $110. Oil has receded since its high as Goldman Sachs made a call that a short term peak may be in place for crude.   Bakken stocks are down 5-8% in the last week but based on price performance and resiliency over the last 12 months,  this appears to be a buying opportunity.    Bakken energy plays may continue to be in favor as overseas instability persists and investors look at domestic producers that can scale their production.  Both NOG and BEXP are off more than 15% from their 52 week highs and may present opportunities for investment at these levels (Both are trading about 10x-12x 2013 earnings).    The news from the region should continue to excite investors as there is no shortage of activity and expansion from a host of smaller players looking to strike Bakken gold.    A few tidbits are listed below:

  • American Eagle Energy  (OTCBB: AMZG)  has begun work to obtain approval from state regulators for up to six 1280 acre spacing units with the objective of getting two operated Bakken or Three Forks Formation wells drilled prior to the end of 2011.  These will be the first American Eagle operated wells in the 8,600 acre Spyglass Project.
  • American Standard Energy Corp. (ASEN), announces the acquisition of approximately 2,780 acres located in Mountrail County of North Dakota’s Williston Basin, “the Bakken”.  The Company paid an average of $669 per acre for a total transaction price of $1,860,858.
  • Blackstone Group (BX: 16.81 +0.78%) is investing in the lucrative area of shale.   Blackstone said on Tuesday it teamed up with shale gas developer Alta Resources to form Alta Energy Partners and they are committing to invest up to $1 billion via this entity to acquire and develop unconventional oil and gas assets in North America.
  • Primary Petroleum Corporation (TSX Venture: PIE) commenced its exploration phase on its 242,000 net acre Pondera-Teton prospect located in the southern Alberta Basin Bakken fairway in Western Montana. The Company intends to commence its $14 million CAPEX exploration program with a proprietary 3D seismic program of up to 100 sq. miles covering four prospect areas over its’ 242,000 net acres, followed up with six vertical wells and one horizontal test well to analyze and test the Lodgepole, Bakken and Three Forks Formations for exploitation and development.

Look for our next article which should be posted later this week!

Company name Price Chg % P/E ratio Mkt Cap
BEXP Brigham Exploration Co. 32.41 -4.17% 84.73 3.79B
SM SM Energy Co. 68.77 -4.21% 22.54 4.36B
CLR Continental Resources,… 65.73 -3.18% 66.44 11.81B
HES Hess Corp. 80.31 -1.80% 12.38 27.25B
NOG Northern Oil & Gas, Inc. 23.54 -3.96% 164.00 1.49B
EOG EOG Resources, Inc. 109.23 -3.05% 171.31 29.29B

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Feb
09

Active Drilling Rig List – Feb 9th 2010

Posted by bakkenexpert

Only 1 driling rig has been added since the last time we looked at Active Drilling Rig Operators about 2 weeks ago.   EOG is still in the lead with 11 and Whiting Oil & Gas (WLL)  has taken second place with 10.     Continental Resources (CLR) is third with 9 rigs in place.    We really expected Saint Mary’s Land & Exploration to be in the Top 10 in terms of drilling activity in the region but currently they have only 1 rig in operation.  If we look at the rigs themselves,  Nabors has had a stranglehold on the majority of the rigs with a 30% share of all rigs in the region.    Precision Drilling is a distant second with 10% share of all rigs in the region.

We haven’t looked at the Rig Owners in a while, so lets take a fresh look there

Rig Operator Well Name and Number Current Location
NABORS 486 AMERICAN OIL & GAS INC RON VIALL 1-25H SWSE 25-156N-98W
BRONCO 16 ANSCHUTZ EXPL CORP KUBIK TRUST 1-19-18H-143-95 SWSE 19-143N-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
RED HAWK 351 BALLANTYNE OIL AUS 4-22 NWNW 22-159N-83W
ENSIGN 67 BAYTEX ENERGY USA LTD JACOBSON 15-161-98H SESE 15-161N-98W
NABORS 266 BRIGHAM OIL & GAS LP ARNSON 13-24 1-H NWNE 13-155N-103W
NABORS 350 BRIGHAM OIL & GAS LP ABELMANN-STATE 21-16 1-H SESW 21-152N-101W
NABORS 49 BRIGHAM OIL & GAS LP PAPINEAU TRUST 17-20 1-H NENW 17-151N-102W
NABORS 52 BRIGHAM OIL & GAS LP SORENSON 29-32 1-H NWNE 29-155N-92W
NABORS 59 BURLINGTON RES O&G CO BOXER 21-6H LOT 3 6-149N-96W
PRECISION 825 BURLINGTON RES O&G CO CLEO 2-1H LOT4 1-149N-96W
NABORS 165 CIRQUE RESOURCES LC GUNNISON STATE 44-36H SESE 36-161N-91W
CYCLONE 14 CONTINENTAL RESOURCES MILES 1-6M SWSE 31-151N-96W
CYCLONE 20 CONTINENTAL RESOURCES OTIS 1-13H NWNE 13-161N-96W
CYCLONE 21 CONTINENTAL RESOURCES BROCKMEIER 1-1H NWNW 1-146N-98W
CYCLONE 22 CONTINENTAL RESOURCES LUNDBERG 1-8H NWNE 8-146N-96W
CYCLONE 23 CONTINENTAL RESOURCES GENEVIEVE 1-27H NENE 27-160N-96W
CYCLONE 25 CONTINENTAL RESOURCES STEDMAN 1-24H NWNW 24-155N-104W
CYCLONE 28 CONTINENTAL RESOURCES KATE 1-19H NENE 19-147N-96W
PATTERSON 180 CONTINENTAL RESOURCES MURI 1-27H NENW 27-151N-97W
TRINIDAD 36 CONTINENTAL RESOURCES IMSLAND 2-31H SESW 31-160N-95W
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
BRONCO 23 EOG RESOURCES INC BURKE 29-33H SESE 33-155N-90W
BRONCO 28 EOG RESOURCES INC AUSTIN 30-13H SESE 13-154N-90W
DHS 10 EOG RESOURCES INC SIDONIA 34-31H LOT1 31-158N-90W
DHS 12 EOG RESOURCES INC SIDONIA 29-34H NENW 34-158N-90W
MAJOR 43 EOG RESOURCES INC FERTILE 11-10H NWNW 10-151N-90W
NABORS 148 EOG RESOURCES INC VAN HOOK 13-35H SESE 35-152N-91W
NABORS 161 EOG RESOURCES INC FERTILE 34-31H NENW 31-151N-90W
NABORS 527 EOG RESOURCES INC FERTILE 14-17H SWSE 17-151N-90W
TRUE 28 EOG RESOURCES INC SIDONIA 8-26H SESE 26-158N-90W
TRUE 32 EOG RESOURCES INC SIDONIA 7-25H NWNW 25-158N-90W
TRUE 33 EOG RESOURCES INC FERTILE 37-07H SESE 7-151N-90W
NABORS 108 FIDELITY EXPL & PROD CO DEADWOOD CANYON RANCH 44-34H SESE 34-154N-92W
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
NABORS 460 HESS CORPORATION BB-FEDERAL-151-95- 0817H-1 NENW 8-151N-95W
BRONCO 20 HUNT OIL COMPANY SEVERANCE 1-9-4H SESW 9-153N-89W
H & P 317 HUNT OIL COMPANY KING 35-4H NENW 35-157N-90W
UNIT 117 KODIAK OIL & GAS (USA) INC MOCCASIN CREEK 13-34-28H SWSW 34-148N-93W
H & P 256 MARATHON OIL CO MYLO WOLDING 14-11 SWSW 11-151N-93W
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 259 MARATHON OIL CO FETTIG 11-27H NWNW 27-146N-95W
PIONEER 44 MUREX PETROLEUM CORP ALFRED BROWN 2 NENE 34-151N-96W
PRECISION 602 MUREX PETROLEUM CORP TERESA NELL 20-17H SESE 20-157N-95W
PRECISION 645 MUREX PETROLEUM CORP JOYCE 3-10H LOT 4 3-154N-91W
NABORS 272 NEWFIELD PROD CO PITTSBURGH 1-3H NWNW 10-153N-96W
NABORS 419 NEWFIELD PROD CO HEIDI 1-4H SESE 4-156N-99W
NABORS 476 NEWFIELD PROD CO SAND CREEK FEDERAL 1-21H NENW 28-153N-96W
NABORS 149 OASIS PETRO NO AMER HYNEK 5693 42-35H SESW 35-156N-93W
NABORS 177 OASIS PETRO NO AMER ANGELL 5200 31-28H NWSW 28-152N-100W
BRONCO 22 PETRO HUNT LLC FORT BERTHOLD 148-94-22A-27-1H NWNE 22-148N-94W
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
ENSIGN 93 PETRO HUNT LLC FORT BERTHOLD 152-93-17C-08-1H SESW 17-152N-93W
UNIT 329 QUESTAR E & P CO MHA 1-06-31H-150-92 SESW 6-149N-92W
KEY NRG 439 SAGEBRUSH RESOURCES LLC DEIBLER 25-16 SESE 25-162N-83W
PRECISION 512 SIMRAY GP LLC LEVINGS ESTATE 1-08H SESE 8-149N-93W
MAJOR 27 SLAWSON EXPLORATION ATLANTIS FEDERAL 1-34-35H NWSW 34-152N-92W
NABORS 687 SLAWSON EXPLORATION CANNONBALL FEDERAL 1-27-34H NENW 27-152N-91W
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 LIND 2-1H NWNE 2-145N-97W
BRONCO 59 WHITING OIL AND GAS CORP OLSON FEDERAL 42-8H SENE 8-153N-91W
NABORS 686 WHITING OIL AND GAS CORP RON OLSON 31-1HCE NWNE 1-155N-97W
NABORS 99 WHITING OIL AND GAS CORP ROHDE 43-1H NESE 1-153N-92W
PIONEER 56 WHITING OIL AND GAS CORP ANNALA 12-33H SWNW 33-153N-91W
PIONEER 57 WHITING OIL AND GAS CORP HOLMBERG 44-24H SESE 24-153N-93W
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
PRECISION 106 WHITING OIL AND GAS CORP PLATT 43-28H NESE 28-154N-91W
PRECISION 51 WHITING OIL AND GAS CORP CURREN 11-14H NWNW 14-153N-93W
PRECISION 520 WHITING OIL AND GAS CORP TTT RANCH 12-25H SWNW 25-154N-92W
H & P 180 XTO ENERGY INC H M HOVE 34X-33 SWSE 33-155N-96W
NABORS 265 XTO ENERGY INC BOOMER 34X-35 LOT 3 35-148N-97W
NABORS 681 XTO ENERGY INC THOMAS 44X-18 SESE 18-154N-95W
NABORS 742 XTO ENERGY INC MONDAK FEDERAL 14X-11 SWSW 11-148N-105W
NABORS 742 XTO ENERGY INC WARD 11X-23 NWNW 23-154N-95W
NABORS 688 ZAVANNA LLC GENE 1-22H SESE 22-154N-99W
CYCLONE 31 ZENERGY INC ROLFSRUD 7-6H SESW 7-152N-97W
ENSIGN 76 ZENERGY INC LUNDEEN 4-26H NWNW 26-152N-98W
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
PRECISION 96 ZENERGY OPERATING CO LLC DAKOTA-3 BIRDSBILL 14-16H SESW 16-149N-93W

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