Sunday, May 11, 2014

Anschutz To Test The Tyler And The Red River In Slope County? A Random Update Of Some Red River Wells; The World Is Running Out Of Carbohydrates -- SeekingAlpha

Back in 2006, when oil companies were starting to drill a lot of Bakken discovery wells, they were also drilling a number of other formations, including the Red River (very successful in the southwestern part of the state, a few Madison wells, and a few Birdbear wells (not so successful).

In a more recent post, I noted that MRO was looking for two more permits to test the Tyler in Slope County.

This morning a reader wrote me that an operator, possibly Anschutz, plans to drill 12,000 feet into the Deadwood to test the Tyler and the Red River. For the stratigraphic, click here. The Three Forks should also be this far south, but not the middle Bakken. Specifically, this would be in section 29-134-104. I'm trying to remember to use an earlier post to keep track of this activity.

It is my understanding that Anschutz exited North Dakota completely in 2010:
The Anschutz Exploration Corporation (AEC) announced today that it has closed the sale of its remaining operated and non operated producing properties and undeveloped acreage in the Williston Basin of Montana and North Dakota to an undisclosed Canadian oil company for $115 million. 
“With this sale, AEC has now exited the Williston Basin after a successful Bakken and Mission Canyon program that began in 2004. Our continuing focus is on emerging shale oil plays in the U.S. on AEC leasehold of over one million net acres, located primarily in Texas, Montana, Colorado and New York.”
In December 2010, Anschutz sold its principal Dunn County acreage position in the Williston Basin to Oxy USA for $1,400,000,000 and sold its Appalachian Basin position in Ohio and Pennsylvania to Chesapeake Energy Corporation for $850,000,000, and retained its acreage and production in New York. 
However, I wouldn't be a bit surprised if Anschutz resurfaced in North Dakota.  A "well search" at the NDIC web site revealed not less than ten (10) oil companies affiliated with Anschutz over the years.

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A Random Look At Some Red River Wells In Southwestern North Dakota

This is by no means a complete list, but I am continuing to go through every well that was drilled in North Dakota in 2006. I track the "monster wells" here. The post above discusses the Red River formation. Here is a partial list of some great Red River wells drilled in 2006 and still active (note the relatively small IPs and the total oil produced approaching one million bbls by some of these wells drilled less than 10 years ago:
  • 15659, 301, BR, CHSU 11D-33SH 15, t2/05; Cedar Hills field, cum 836K 3/14; still producing 3,300 bbls/month; South Red River B well; 
  • 15828, 673, Denbury Onshore, CHSU 13C-11SH 16, Cedar Hills, t12/05; cum 826K 3/14;
  • 15829, 374, Denbury Onshore, CHSU 13C-11NH 16, Cedar Hills field, t10/05; cum 733K 3/14;  South Red River B well;
  • 15837, 634, Denbury Onshore, CHSU 13C-14NH 16, Cedar Hills, t12/05; cum 594K 12/13;
  • 15847, 342, Denbury Onshore, CHSU 24C-14NH 16, South Red River B, t9/05; cum 712K 11/13
  • 15849, 188, Denbury Onshore, CHSU 31B-3NH 26, South Red River B, t8/05; cum 646K 11/13;
  • 15850, 190, Denbury Onshore, CHSU 33B-33NH 26, South Red River B, t8/05; cum 431K 11/13;
  • 15907, 752, Denbury Onshore, CHSU 33C-10SH 16, Cedar Hills, South Red River B, t2/06; cum 1.13 million bbls; still producing 3K bbls / month; 1/14
  • 15939, 773, Denbury Onshore, CHSU 13C-10SH 16, Cedar Hills, t3/06; cum 790K 12/13;
  • 15940, 483, Denbury Onshore, CHSU 13C-10NH 16, Cedar Hills t4/06; cum 552K 12/13;
  • 16008, 329, BR, CHSU 42C034NH 26, s2/06; Cedar Hills field, cum 857K 11/13; 
  • 16120, 383, Denbury Onshore, CHSU 13C-29SH 26, Cedar Hills, South Red River B, t6/06; cum 535K 3/14; 
  • 16122, 155, Denbury Onshore, CHUS 22C-5SH 16, Cedar Hills,  South Red River B, t6/06; cum 610K 3/14;
  • 16123, 349, BR, CHSU 22D-5NH 16, t6/06; Cedar Hills, cum 899K 3/14; 
  • 16125, 199, Denbury Onshore, CHSU 11B-29SH 26, Cedar Hills, South Red River B, t8/06; cum 482K 3/14;
  • 16126, 605, Denbury Onshore, CHUS 33C-5SH 15, Cedar Hills, South Red River B, t8/06; cum 672K 3/14;
  • 16127, 362, Denbury Onshore, CHSU 33C-5NH 15, Cedar Hills, South Red River B, t8/06; cum 664K 3/14;
  • 16149, 410, Denbury Onshore, CHUS 44D-29NH 26, Cedar Hills, South Red River B, t5/06; cum 547K 3/14;
  • 16150, 316, Denbury Onshore, CHUS 44C-29SH 26, Cedar Hills, South Red River B, t5/06; cum 691K 3/14;
  • 16151, 551, Denbury Onshore, CHUS 24C-29NH 26, Cedar Hills, South Red River B, t8/06; cum 556K 3/14;
  • 16152, 37, Denbury Onshore, CHUS 24C-29SH 26, Cedar Hills, South Red River B, t8/06; cum 518K 3/14; 
  • 16155, 120, Denbury Onshore, CHUS 41D-32NH 26, Cedar Hills, South Red River B, t7/06; cum 557K 3/14; 
  • 16156, 231, Denbury Onshore, CHUS 41D-32SH 26, Cedar Hills, South Red River B, t5/06; cum 485K 3/14;
  • 16242, 405, BR, CHSU 11C-5NH 05, t8/06; Cedar Hills, cum 867K 1/14;  still active;
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Humor for the Day

From a SeekingAlpha article:
They are amongst the biggest and most profitable companies in the world, the big oil, gas, and (to a lesser extent) coal companies. But whether they're good longer-term bets for investors is very much in doubt. It isn't that the world is running out of carbohydrates, peak-oil keeps ever receding into the future.
Carbohydrates?

Receding INTO the future? 

And that's when I stopped reading the article.

2 comments:

  1. Does that Seeking Alpha article mean donuts are going to be harder to find?

    ReplyDelete
    Replies
    1. Especially in locations where there is a high density of policemen -- like Boston. Dunkin' Donuts will have to take notice.

      Delete