Friday, November 27, 2009

December 17, 2009: NDIC Docket

For my use. Summary of cases for the December 17, 2009, NDIC docket (a PDF file). Look at case 11939 down below.


Abbreviations:
Short: request for one 640-acre spaced well.
Long: request for one 1280-acre spaced well.
Pooling: request to pool one specific well.
Flare gas: request to flare gas.
Eco-Pad: request for four wells from one pad.
Case Number, Producer: notes. Oil Field. County.

11852, BTA: 7 longs. Williams.
11853, Fidelity, Murex, Oasis, Sinclair, Slawson, WLL: define the Sanish-Bakken pool.
11854: CLR: Eco-Pad; 8 shorts in all. McKenzie.
11855: CLR: 2 longs. McKenzie.
11856: CLR: 7 longs. Divide.
11857: CLR: pooling. Divide.
11858. CLR: 1 long. Divide.
11859, CLR: pooling. Divide.
11860, CLR: 1 long. Divide.
11861, CLR: 1 long. Divide.
11862, CLR: 1 long. Divide.
11863, CLR: 1 long. Williams.
11864, CLR: 1 long. McKenzie.
11865, CLR: pooling. Divide.
11866, CLR: pooling. McKenzie.
11867, CLR: pooling. Dunn.
11432 (cont'd), CLR: pooling. Bowman.
11722 (cont'd), CLR: pooling. McKenzie.
11868, BEXP: temporary spacing for  Strand 16-9 #1-H. Williams.
11869, BEXP: pooling. Williams.
11870, BEXP: pooling. Williams.
11871, BEXP: 1 long, Painted Woods. Williams.
11872, BEXP: 1 long. Williams.
11873, BEXP: 1 long, McKenzie.
11874, BEXP: salt water disposal.
11783 (cont'd), BEXP: 1 long. McKenzie.
11784 (cont'd), BEXP: 1 long, Painted Woods. Williams.
11778 (cont'd), BEXP: revoke Lario permit.
11779 (con'td), BEXP: revoke Lario permit.
11875, Encore: 4 longs, Charlson. McKenzie, Williams.
11876, Encore: 4 shorts, Charlson. McKenzie.
11877, Encore: 3 shorts, Charlson, McKenzie.
11878, Encore: 2 320-acre spacing. McKenzie.
11879, Encore: 3 longs. Dunn.
11880, Encore: 4 shorts. Dunn.
11881, Encore: 3 longs. Dunn.
11882, Encore, 10 shorts. Dunn.
11883, Encore: 4 shorts. Dunn.
11884, Encore: 4 longs. Dunn.
11885, Encore: 4 shorts. Dunn.
11886, Encore: 1 long. McKenzie.
11887, Hunt: 3 longs. Mountrail.
11888, Hunt: flare gas.
11889, Hunt: 2 longs. Mountrail.
11890, Hunt: 4 longs. Mountrail.
11891, Anschutz: pooling. Dunn.
11892, Anschutz: pooling. Dunn.
11893, Anschutz: pooling. Dunn.
11894, Anschutz: pooling. Dunn.
11895, Anschutz: pooling. Dunn.
11896, Anschutz: pooling. Dunn.
11897, Anschutz: pooling. Dunn.
11898, Anschutz: pooling. Dunn.
11899, Fidelity: 8 shorts. Mountrail.
11900, Fidelity: pooling. Mountrail.
11901, Fidelity: pooling. Mountrail.
11902, Fidelity: pooling. Mountrail.
11903, Fidelity: flare gas.
11904, Fidelity: pooling. Mountrail.
11905, Fidelity: pooling. Mountrail.
11906, Slawson: 2 shorts. Mountrail.
11907, Slawson: 2 shorts. Mountrail.
11908, Slawson: 2 shorts. Mountrail.
11909, Slawson: pooling. Mountrail.
11910, Slawson: pooling. Mountrail.
11911: Slawson: pooling. Mountrail.
11912: Slawson: pooling. Mountrail.
11913, Slawson: pooling. Mountrail.
11914, Slawson: pooling. Mountrail.
11915, Slawson: pooling. Mountrail.
11916, Slawson: pooling. Mountrail.
11917, Slawson: pooling. Mountrail.
11918, Slawson: pooling. Mountrail.
11919, Slawson: pooling. Mountrail.
11920, Slawson: pooling. Mountrail.
11921, Slawson: pooling. Mountrail.
11922, Slawson: pooling. Mountrail.
11923, Slawson: pooling. Mountrail.
11924, Slawson: pooling. Mountrail.
11925, Slawson: pooling. Mountrail.
11926, Slawson: pooling. Mountrail.
11927, Slawson: pooling. Mountrail.
11928, Slawson: pooling. Mountrail.
11929, Slawson: pooling. Mountrail.
11930, Tracker: pooling. Dunn.
11931, Tracker: pooling. Dunn.
11796 (cont'd), Tracker: 1 short. Dunn.
11932, Peak: pooling. McKenzie.
11933, Peak: flare gas.
11934, Peak: flare gas.
11935, Peak: flare gas.
11936, Peak: 1 short. McKenzie.
11937, Peak: 1 short. McKenzie.
11938, Peak: 5 shorts. Dunn
11939, EOG: 570 shorts. Mountrail.
11940, EOG: pooling. Mountrail.
11941, EOG: pooling. Mountrail.
11942, EOG: 1 long. Burke.
11943, EOG: pooling. Mountrail.
11944, EOG: pooling. Mountrail.
11945, EOG: pooling. Mountrail.
11946, EOG: pooling. Mountrail.
11947, Zenergy: 30 longs. McKenzie.
11948, Zenergy: 10 longs. Mountrail.
11949, Zenergy: 5 longs. McKenzie.
11950, Zenergy: 4 longs. Mountrail, McKenzie.
11951, Zenergy: 4 longs. Dunn.
11952, Zenergy: 2 longs. McKenzie.
11953, Zenergy: 8 longs. McKenzie.
11954: --
11955, Zenergy: 2 longs. McKenzie.
11956, Newfield: 3 shorts. Dunn.
11957, Newfield: 1 short. Dunn.
11958, Newfield: 1 short. Dunn.
11578 (cont'd), Newfield: spacing. Divide.
11689 (cont'd), Newfield: 1 short. McKenzie.
11690 (cont'd), Newfield: pooling. McKenzie.
11691 (cont'd), Newfield: 1 short. Divide.
11809 (cont'd), Newfield: 1 short. McKenzie.
11810 (cont'd), Newfield: 1 short. McKenzie.
11786 (cont'd), Credo: 1 long. McKenzie.
11764 (cont'd), Eagle: injection.

Not counting the 570 EOG wells  in case 11939, I count about 241 additional wells. I count about 78 Zenergy wells.  Any thoughts on "pooling" requests by Slawson. I  have my own ideas but won't publish them.

Note: until this month, I had never paid attention to "dockets."  It turns out that a docket with 19 pages is not unprecedented. The July 21, 2009, docket had 19 pages, and in that same month (July 29, 2009), there was another docket with 14 pages, actually a continuation from the 21st.  I counted a request for 323 wells in the July 21st docket, 218 wells on the 29th, making a total of 541 wells for that "one" docket in July, 2009. 

In 2009, there were an average of 18 pages of requests if one excludes the month of July. In July, there were 39 pages of requests, total.  The number of pages by month shows a trend: Jan (16 pages); Feb (14); Mar (13); Apr (14); May (16); Jun (15); Jul (39); Aug (24); Sep (18); Oct (21); Nov (28); and, Dec (29).  This continues to validate my hunch that 2010 is going to be a watershed year for the North Dakota oil industry if oil stays above $70/barrel. CLR has hedged 5,000 bopd for $80 between January and July, 2010.

For investors, I think the pipeline companies are going to be able to charge a surcharge to transport all the oil that will be produced.

3 comments:

  1. I count about 811 potential new wells in just this one docket, and I assume the commission schedules a docket monthly.

    For comparison's sake, in 2009, the state has granted 521 drilling permits (on track for a total of 586 drilling permits for 2009).

    In 2008, the state granted 953 permits. Of those, about 620 wells were drilled; a handful were dry.

    In 2007, the state granted 496 permits and about 332 of those permits were drilled.

    Note: these are my numbers from my database pulled from various sources and are not exact. But I am confident they are not too far off.

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  2. My database shows there were a total of 626 permits granted in 2009 by the NDIC, slightly more than the 586 projected in late November, 2009.

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