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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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Jul
28

Trying to form an uptrend

Posted by bakkenexpert

Today is the first day in the last 2 weeks that our bakken plays have gained significantly even as oil stays steady around $124 per barrel. WLL and CLR lead the pack with 3-6% gains and others are close behind. The notable loser here is NOG as Barron’s wrote a negative piece on the company over the weekend but I believe NOG will bounce back as it continues it’s bakken development. NOG is still only a sub $300 million dollar company with low operating costs and a good business model which allows other companies to take on a good portion of the capital risk associated with drilling and exploration. It only takes 10 producing wells (avg 500-700 bbl per day) to justify the current market cap of $285 million so there is plenty of room for growth.

Stock Quotes:

bakken Edit
Symbol Last Trade Change Volume Avg Vol (3m)
WLL 11:27AM ET 90.87 Up 2.96 Up 3.37% 158,597 1,123,770
MDU 11:22AM ET 31.21 Down 0.09 Down 0.29% 236,761 1,093,810
SM 11:27AM ET 45.66 Up 1.27 Up 2.86% 423,301 1,377,520
CLR 11:27AM ET 66.45 Up 3.85 Up 6.15% 447,042 1,759,480
EOG 11:27AM ET 106.71 Up 2.66 Up 2.56% 1,129,932 3,544,840
NOG 11:22AM ET 9.10 Down 0.72 Down 7.33% 374,036 599,233
KOG 11:22AM ET 3.27 Up 0.03 Up 0.93% 258,591 1,469,600
KDKN.OB 11:27AM ET 2.06 Down 0.01 Down 0.48% 13,040 242,083
BSIC.OB 10:37AM ET 1.72 Down 0.03 Down 1.71% 2,900 88,196.9
XTO 11:27AM ET 49.44 Up 0.77 Up 1.58% 4,192,825 9,304,030

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