Friday, March 12, 2010

Another Good Day in the Bakken

Today's daily activity report reminds me of some of the reports I saw during the heights of the boom a year or so ago.

Eleven (11) files were released from confidential status. Most of these were reported on my blog yesterday. Three of them had IPs of greater than 1, 000 (Petro-Hunt's Fort Berthold 148-94-17D-08-1H, a wildcat; Anschutz's Wittinger 31-5H in Murphy Creek; and, EOG's Fertile 13-18H).

Although the permit described Petro-Hunt's Fort Berthold well as a wildcat, in fact, it is inside the Eagle Nest oil field. 

The Anschutz well is file # 17448; that permit was granted July 10, 2008. Anschutz seems to be having some pretty good success; they may not have many wells in the Bakken but the ones they do have seem to be quite good ones.

In addition to these eleven wells released from confidential status, seven new permits were issued, including three (3) permits for Oasis Petroleum to drill wells in Squires oil field, in the Williston area. Two of the Oasis wells are on the same site, a phenomenon being seen much more frequently. Laterals could be targeting different sections, but just as likely, they could be targeting different formations.

The Fertile Township, 151N-90W, entirely within the Fort Berthold Indian Reservation continues to elicit excitement. Drilling inside the FBIR was delayed due to bureaucratic necessities, but drilling in the Fertile Township appears to be catching up to the rest of the Bakken. In addition to the nice EOG Fertile well noted above, EOG was granted another permit in the Fertile today, Fertile 38-20H.

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