Tuesday, September 28, 2010

North Dakota Bakken Acreage

ERF
  • 71,500 net acres FBIR, Sept 14, 2010, presentation, includes recent purchase
  • + 46,500 acres bought in FBIR, Sept, 2010; $9,600/acre
  • EUR: 300 - 500K/well
  • Two wells/section
  • 70 Bakken/TFS wells
  • 4 rigs
  • Current as of Sept 27, 2010
If you stumbled upon this page by accident, note: I no longer update this page. I update "acreage by operator" at this link.  Note, however, the link at the bottom of the page to an interesting commentary.

CLR (total Bakken acreage)
  • 864,559 net acres
  • + 47,707 net acres acquired 3Q10
  • EUR: 518K/well
  • 20 rigs
  • Current as of Oct 11, 2010
BEXP (total Bakken acreage)
  • 358,000 net acres (includes Montana)
  • + 76,000 net acres between December, 2009 - Sept, 2010
  • EUR; 500 - 700K/well
  • 5 -> 8 rigs
  • Current as of Sept 27, 2010
WLL
OAS (total Bakken acreage)
  • 325,700 net acres (ND and Montana) (by my calculations)
  • Includes an additional 16,700 units acquired November 5, 2010
  • 5 rigs: four in West Williston; one in East Nesson (November 8, 2010)
  • Some of the best acreage in the Bakken, but also some mediocre acreage
  • Current as of Sept 30, 2010
KOG (all ND Bakken, to the best of my knowlege)
NOG (all ND Bakken, to the best of my knowlege)
  • >100,000 net acres
  • 0 rigs; partners with others
  • Unique business plan

    Thoughts on long term investing in the Bakken and acreage.

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