Thursday, January 28, 2010

A Slew of Cancellations and Expirations

This isn't often seen in the Bakken: companies announced the cancellation of seven permits on January 27, 2010 (daily activity report). Zenergy canceled five permits: the scuttlebutt is that the company is going to scrap these "640-acre spaced" wells and go back for permits for "1280-acre spaced" wells. Miscellaneous reasons given for the other two permit cancellations.

Then on January 28, 2010, the NDIC's daily activity report listed a slew of expired permits: Price Energy (3); Cirque (1); Samson (1); and, Zavanna (1: Lynx 1-27H).

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