Another 3-Well Pad Permit for Hess; Update on Another Stroh Well (Anschutz)

Today's daily activity report had two interesting data points.

First, Hess was awarded three permits for a multi-well pad:

• EN-Reitch-157-94-3229H-1
• EN-Reitch-157-94-3229H-2
• EN-Reitch-157-94-3229H-3
• All three located in section 32-157-94. 

These are in the Pleasant Valley oil field which I know little about. Time for a bit of research,  I guess.  Okay, here it is. Hess has a six-well multi-well pad in Pleasant Valley oil field just one section north of these three new permits. Of the six (they are the EN-Dolan and EN-Fisher wells; one has been completed and is on the confidential list (a long lateral) and one has a rig on site (September 21, 2010). Something tells me Hess must have hit something very, very nice with 18776, EN-Dolan-157-94-2833H-1, to request three more wells in the immediate area.

By the way, "EN" means East Nesson, which is in the Sanish. For other Hess nomenclature in the Bakken click here. 

The six-well multi-pads are a wonder to behold. The pads are huge, and rectangular; in this case (Dolan and Fisher) running east-west. The rig literally just moves from site to site, in this case, again from east to west. In a six-well multi-pad, three horizontal wells will run directly north and three will run directly south. They will target the Bakken formation and the Three Forks Sanish formation (both in the Bakken pool). 

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The second data point was Anschutz well, file #18424, Kenneth Stroh 1-12-1H-143-97, which came off the confidential list. The only data provided was that the well reached its total depth (TD) at 19,867 feet (a long lateral). However, we know that the IP of this well was 2,409 from another source. Click here to see that source and why the Kenneth Stroh has my interest.



Walk, Don't Run, The Ventures

By the way, I am thrilled with the stock quote gadget on the sidebar at the right. Of the ones listed in the sidebar widget, I accumulate CLR and NOG. I recently opened a small position in EOG and will be adding to that position. I trade in and out of WHX for the dividend. I accumulate ENB, and although EEP is a relatively new holding, it is likely that it will become a long-term holding, again, for its dividend.