Thursday, December 2, 2010

Eleven (11) New Permits -- North Dakota, USA

Producers: EOG (5), CLR (2), Tracker, XTO, Legacy, and Whiting.

Fields: Clear Water, Hamlet, North Fork, Glass Bluff, Kittleson Slough and five (5) wildcats.

The Whiting permit is in Billings County, a wildcat.

Continental Resources  had a nice well in the North Red River "B" with an IP of 253, the Duaine 31-4NH, file number 18393.

On track for 1,706 permits for calendar year 2010 in North Dakota. Most of them for the Bakken.

One "daily activity report" does not a trend make, but five (5) wildcats suggests that we may be getting to the point where some of the bigger players have their early leases held by production and now have the opportunity to start focusing on the "E" in "E&P." 

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