Tuesday, September 18, 2012

Seven (7) New Permits

Wells coming off the confidential list were reported earlier; see sidebar at the right.

New permits:
  • Operators: Triangle (3), Corinthian (2), Whiting, American Eagle
  • Fields: North Souris (Bottineau), Dollar Joe (Williams), Antelope Creek (McKenzie), Colgan (Divide)
There were four (4) permits canceled:
  • 21100, PNC, CLR, Carbon 1-30H,
  • 21563, PNC, CLR, Tompkins 1-35H,
  • 22244, PNC, CLR, Wahpeton 3-21H,
  • 22245, PNC, CLR, Wahpeton 2-21H,
One mile to the east of the Carbon well:
  • 17433,658, CLR (original)/BR (current), Ole 1-29H, t5/10; cum 114K 7/12
One mile to the west of the Tompkins well:
  • 19908,1,308, XTO, Teddy Federal 12X-5, t8/11; cum 88K 7/12
The toe of the following well ends right where the two Wahpeton wells were sited:
  • 19450,322, CLR, Wahpeton 1-16H, t7/11; cum 91K 7/12
There was nothing in the well file to suggest why these were PNC.  These permits are for wells in very good locations. Banks is an outstanding field; Haystack Butte is a great field. Some operator is going to drill wells in these sections or CLR is re-siting or re-defining the wells.

One producing well was completed:
  • 22325, 856, XTO, Wallace 21X-2B, 
For newbies:
  • if you see Corinthian, Legacy, North Souris, or Bottineau: think Spearfish formation; Legacy and Corinthian are both Canadian companies; most of their activity is north of the Canadian border but their Spearfish prospects just happen to extend into North Dakota by a few miles
  • McKenzie County is where the best action is right now among the five or six major oil-producing counties in North Dakota
  • wells in Williams County are about average
  • Divide County is the surprising county; it is north of Williams County and has done surprisingly well
  • Stark County is in the southwest part of the state; I associate Stark County with Whiting, particularly its Pronghorn Sand prospect which might be better than its cash cow, the Sanish, in its northern ops
  • there has been (almost) no activity in the "much-mentioned, seldom-targeted" Tyler formation in this boom; the Tyler is also in the southwest (Stark County and surrounding counties)

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