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Tuesday, November 2, 2010

NDIC November Hearing Dockets Posted

I've posted a summary of the November NDIC hearing dockets.

In one sense this has been one of the more mundane dockets I've seen in the past year.  It was composed mostly of pooling requests, and multiple wells in 1280-acre spacing units, but all in all, not many wells.

Having said that, there are many, very interesting cases. A couple come to mind, the request by Whiting to pool forty-four 1280-acre spacing units near South Heart. One can assume that there will be a minimum of two wells on each of these spacing units (88 wells) as a start, and eventually, based on what is going on in the Sanish, as many as six wells in each of those units. Incredible. And these are going to be Three Forks wells.

Another one is CLR's request to put up to seven more wells in the very small Hebron field northwest of Williston.  The Hebron field is one of the smallest fields in the Williston Basin, and already has six to eight wells. Now, CLR wants to put those seven wells into a single 960-acre spacing unit. I find that incredible, this early in the development of the Bakken.

Most interesting are all the risk penalty legal cases: the lawyers have arrived for whatever reason. Not unexpected.

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