Wednesday, March 8, 2017

Three More DUCS; Oasis Acquires 156 SM Energy Wells In North Dakota -- March 8, 2017

Active rigs:

Active Rigs4533114191

Three wells coming off confidential list Thursday:
  • 25410, SI/NC, QEP, MHA 1-10-14H-149-91, Heart Butte, no production data,
  • 32449, SI/NC, SM Energy, Donna Buddy 15B-20HN, Amrose, no production data,
  • 32458, SI/NC, Hess, BB-Federal 151-95-1708H-9, Blue Buttes, no production data,
Two new permits:
  • Operator: Marathon
  • Field: Reunion Bay (Mountrail)
  • Comments:
Sixteen permits renewed:
  • Whiting (9): four P Earl Rennerfeldt permits; two P Lynch permits; two Koala permits, and a Sue permit, all in Williams County
  • WPX (3): three Ruby Parshall permits, all in McKenzie County
  • Oasis: a Patsy permit in McKenzie County
  • Petro-Hunt: an M. Thorson permit in Burke County
  • Thunderbird Resources: a Watson permit, McKenzie County
  • Hunt: an Oakland permit, Mountrail County
Operator Transfer: from SM Energy to Oasis, 156 wells; back in October, 2016: Oasis - SM Energy deal, October, 2016: SM Energy sells 55,000 non-Divide County acres to Oasis; $785 million deal:
  • oldest permit: 07503
  • most recent oil and gas permit: 31066
  • almost all in McKenzie County
  • four (or thereabouts) in Williams County; and no other counties 
  • several wells with the following familiar Bakken names:
    • Stenehjem
    • Bonner
    • James
    • Koeser
    • Broderson
    • Ceynar
    • Norby
    • Eckert
    • Holm 
History: from my notes over at the "Bakken Operator page":
SM (previously St Mary Land and Exploration)
  • Daily activity report: 156 SM Energy wells transferred to Oasis 
  • Is SM Energy exiting the Bakken completely? It appear so. January 25, 2017.
  • Oasis - SM Energy deal, October, 2016: SM Energy sells 55,000 non-Divide County acres to Oasis; $785 million deal 
  • 3Q14: 238,000 net acres in the Williston Basin; new acreage in Gooseneck prospect in central Divide
  • 202,000 + 7,0000 acres = 209,000 acres; sells non-core assets; now down to about 159,000 net acres in the Bakken
  • Filloon says SM has 202,000 net acres (4Q11)
  • 2 rigs; a third sometime late 2011 
  • 4Q11: 8,200 boepd
  • 3Q11: 5,300 boepd
  • Was a natural gas company; moving to oil; still (4Q11) 56% natural gas

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