Updates
October 30, 2015: Bakken Shale ND is looking to place 8 wells in a 2560-acre spacing unit. When checking NDIC Well Search database I do not find Basin Shale ND, LLC, listed.
Original Post
The full name of the company below is a very "generic" Basin Shale ND, LLC (we've talked about LLC's in the Bakken before):
From the March 25 - 26, 2015, agenda for the NDIC hearing dockets, the following cases:
- 23846, Basin Shale, pooling, 13/24-145-100, in an unnamed Bakken pool, McKenzie
- 23847, Basin Shale, pooling, 14/23-145-100, in an unnamed Bakken pool, McKenzie
- 23848, Basin Shale, pooling, 15/22-145-100, in an unnamed Bakken pool, McKenzie
- 23849, Basin Shale, pooling, 16/21-145-100, in an unnamed Bakken pool, McKenzie
- 23850, Basin Shale, pooling, 25/36-145-100, in an unnamed Bakken pool, McKenzie
- 23851, Basin Shale, pooling, 26/27-145-100, in an unnamed Bakken pool, McKenzie
- 23852, Basin Shale, pooling, 28/33-145-100, in an unnamed Bakken pool, McKenzie
- 23853, Basin Shale, pooling, 29/32-145-100, in an unnamed Bakken pool, McKenzie
- 23854, Basin Shale, pooling, 30/31-145-100, in an unnamed Bakken pool, McKenzie
- 23855, Basin Shale, pooling, 34/35-145-100, in an unnamed Bakken pool, McKenzie
The 20 sections are in the far southeast corner of McKenzie County:
Of interest is the well to the immediate west of this 20-section unnamed field:
- 16185, 136, XTO, Rhoades Federal 4-20H, t11/06; cum 43K 12/14;
BAKKEN | 1-2008 | 31 | 707 | 940 | 976 | 71 | 0 | 0 |
BAKKEN | 12-2007 | 31 | 309 | 0 | 461 | 71 | 0 | 0 |
BAKKEN | 11-2007 | 30 | 375 | 497 | 608 | 69 | 0 | 0 |
BAKKEN | 10-2007 | 31 | 583 | 683 | 1141 | 71 | 0 | 0 |
BAKKEN | 9-2007 | 30 | 727 | 732 | 1218 | 69 | 0 | 0 |
BAKKEN | 8-2007 | 31 | 458 | 225 | 682 | 71 | 0 | 0 |
BAKKEN | 7-2007 | 31 | 460 | 663 | 1030 | 71 | 0 | 0 |
BAKKEN | 6-2007 | 30 | 683 | 759 | 1371 | 69 | 0 | 0 |
BAKKEN | 5-2007 | 31 | 432 | 224 | 668 | 71 | 0 | 0 |
BAKKEN | 4-2007 | 30 | 401 | 492 | 960 | 69 | 0 | 0 |
BAKKEN | 3-2007 | 29 | 319 | 220 | 1024 | 797 | 0 | 726 |
BAKKEN | 2-2007 | 28 | 298 | 222 | 1018 | 253 | 0 | 189 |
BAKKEN | 1-2007 | 31 | 727 | 725 | 1986 | 869 | 0 | 798 |
BAKKEN | 12-2006 | 27 | 791 | 1128 | 2040 | 766 | 0 | 695 |
BAKKEN | 11-2006 | 23 | 544 | 0 | 1796 | 0 | 0 | 0 |
Comment from Don: we may start seeing many NEW small players. Yesterday on CNBC they were talking for a few minutes about BlackRock and other hedge funds getting together pools of money to invest NOW in oil , oil wells, and E+P companies.
From Reuters/CNBC, February 19, 2015:
Still, oil prices are down 50 percent from last June, leaving many energy company stocks looking cheap. A Reuters review of regulatory filings, as well as interviews with more than two dozen company executives, investment bankers, lawyers and investors, reveal that many hedge funds are seizing the opportunity to buy shares on the cheap
"Activists are secretly buying up stakes now because they believe the markets have hit rock bottom," said Kai Haakon Liekefett, a partner at Vinson & Elkins LLP in Houston who heads the law firm's shareholder activism response team. He said hedge fund activity in the oil patch "may get hot" as early as this fall or winter.
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