September 30, 2014: update on the two SHD producing wells.
I see SHD has a rig on one of the pads now:
- 27040, rig-April 27, 2014, SHD Oil & Gas, Thud 12-36H, Clarks Creek,
Spotted Hawk Development, LLC (“SHD” or the “Company”), a privately held upstream oil and gas company with concentrated assets in the Williston Basin, today announced the successful completion of a $100 million senior secured term note facility. The Company intends to use the net proceeds of the facility to fund the Company’s share of drilling and completion capital expenditures associated with its working interests in the Williston Basin.
Edgar Rios, Chief Executive Officer of SHD, said, “We are very excited about the results to date on our lease acreage. This financing helps us to further fund the development of this acreage and create substantial value for our shareholders in what we believe to be a highly prolific oil and gas area.”
SHD is an early-stage, privately held oil and gas company with concentrated assets in the oil-producing Bakken and Sanish Three Forks (“Three Forks”) formations of the Williston Basin. SHD has mineral leases on 39,090 net acres within the boundaries of the Fort Berthold Indian Reservation of North Dakota. SHD has interest in 13 gross producing Bakken and Three Forks wells and spud 5 pad wells in September 2012. SHD holds significant operating and non-operating interests in the mineral leases with well-known industry players.It should be noted that these eight (8) SHD permits (noted above) are for wells outside the reservation, just to the west.
SHD has three additional permits/wells in Deep Water Creek Bay.
According to Bloomberg, SHD Oil & Gas, LLC operates as an upstream oil and gas company. The company is based in McLean, Virginia, 650 Tysons Boulevard, Suite 900.