Saturday, January 10, 2015

Net Acreage in the Bakken by Producer -- Subject to Typographical Errors and Incorrect Data -- January 10, 2015

The following is probably the most inaccurate information on the Bakken I have knowingly posted. I haven't looked at very many corporate presentations in a long, long time. I assume the 4Q14 presentations coming out in the next few months will be very, very enlightening; hopefully the operators provide their Bakken acreage so I can correct the many, many errors in the spreadsheet below.

If you have correct numbers for any/all, feel free to let me know.

The first column of numbers was posted January 31, 2012. It was based on best information I had at the time and was taken from my "Snapshot" page. The disclaimer at the "Snapshot" page should also be noted: that page is irregularly updated and contains many, many errors. It is for my use only.

If the first column (of numbers) is blank, it means I did not include it in the 2012 post, but am including that operator in this posting for the first time.

The second column (of numbers) in the data below is taken from the same "Snapshot" page. If the second column is blank, it means a) I have no data to suggest any change from the first column; and/or b) there was a huge change, but I don't know what it was (Anschutz, Denbury Onshore are two good examples).

Huge changes in acreage are not always explained on my "Snapshot" page which is concerning (a good example is the huge change in XTO's acreage). 

This information is for my use only. Feel free to look at it but don't consider it at all accurate. As I get updated data in the 4Q14 presentations, I will update the "Snapshot" page.

At any given moment the amount of acreage owned/controlled by any one individual/company can change, simply because deals are being done "all the time" in the oil patch. Announced deals may or may not close.

"Non-material" changes might not be reported by publicly-owned companies; private companies do not have to reveal transactions.

Again, this information is for my use only. Do not make any financial, investment, relationship decisions based on this data. Consider it full of major and minor, trivial and non-trivial errors. If this information is at all important to you, go to a more reliable source, which would be almost anybody except Joe standing on a corner in Winslow, Arizona.

But it gives me an idea of who owns what in the Bakken. I tried to limit Bakken acreage to North Dakota, but some operators include Montana acreage, and some also include Canadian Bakken acreage. Of note, I believe KOG included some MT acreage which affects Whiting's Bakken acreage.

The spreadsheet is arranged in descending acreage based on the 2012 data. 


CLR 923,270 1,197,684
Hess 900,000 640,000
Whiting 680,137 868,000
EOG 580,000 580,000
COP 460,000 620,000
XTO (XOM) 410,000 600,000
MRO 391,000 370,000
Statoil (BEXP) 375,800 378,000
CHK 320,000 427,000
Oasis 307,430 505,960
Denbury 266,000
ERF 215,000 215,000
SM 204,000 159,000
OXY USA 200,000 335,000
Breitling 200,000 200,000
NOG 160,000 185,000
KOG 155,000 0
Newfield 140,000 100,000
Baytex 126,400 76,000
Ursa 110,000
Slawson Expl
100,000
MDU (Fidelity) 95,000 124,000
QEP 89,000 117,600
Williams 85,800
Triangle 83,500 190,450
Magnum 78,000 97,000
Emerald
68,800
Sequel 65,000
Halcon (GEOI) 46,000 131,000
Spotted Hawk
39,090
GMXR 35,524 34,918
Resolute 33,415
VOG 32,000 0
USEG 25,200
Renegade 23,673
Slawson Energy
2,300
Abraxas 20,853 18,290
Amer Eagle
46,800
Unit 12,750
LINN 11,193 17,000
Mountainview 11,000 36,000
Williston Expl
10,000
Open Range 7,700
CREDO 6,000
Surge 6,000
Samson O&G 3,033
Anschutz

Samson Res

No comments:

Post a Comment