Saturday, February 20, 2010
Sergeant Major 1-21H Update
Someone was very, very nice to let me know that fracking crews and a workover rig have appeared at the Sergeant Major 1-21H near Watford City. I have the Sergeant Major 1-21H on my "wells to watch" list and why it has becoming an interesting well to follow.
Niobrara (DJ Basin)
Background
July 14, 2016: update on the Niobrara, RBN Energy.
October 8, 2015: Encana sells all its assets in the D-J Basin.
October 11, 2014: feel-good story; Campbell County, north of Converse County; Gillette is the county seat of Campbell County; Douglas is the county seat of Converse County; Casper lies to the west of Douglas.
April 12, 2014: Whiting is making huge bet in the Niobrara; Whiting says Niobrara is better than the Bakken on a "per-section" comparison.
April 9, 2014: D-J Basin could have more than 4 billion bbls of recoverable oil.
March 13, 2014: MDU completes purchase of oil and gas acreage in Converse County, Wyoming; Southern Powder River Basin, press release.
March 11, 2014: Bonanza Creek update -- Mike Filloon.
August 15, 2013: Bonanza Creek and the Niobrara -- Z-Man.
August 8, 2013: 2013 could be the year of the Niobrara -- Mike Filloon.
June 14, 2013: some Motley Fool fluff on the Niobrara, COP, Noble, Anadarko, others.
April 12, 2013: at SeekingAlpha, a 27-internet-page transcript provided by Bonanza Creek Energy, an investor day presentation, concentrating mostly on the Wattenberg field of the Denver Basin, and the Niobrara formation. Also a post and a link to the corporate presentation. Niobrara::Bakken; Sanish Field::Wattenberg Field; Denver Basin::Williston Basin.
December 17, 2012: estimates of the Niobrara soar to 3.6 billion bbls.
November 25, 2012: BLM approves drilling requests in the Niobrara. Chesapeake, Samson Resources, and Anadarka Petroleum had filed comments of support.
April 27, 2012: how to play the Niobrara -- Mike Filloon at SeekingAlpha.
April 15, 2012: Another pipeline -- Niobrara to Texas, 435 miles.
November 14, 2011: Anadarko data points -- Anadarko happy with Niobrara results. Will drill 2,000 wells in Wattenburg area; average EUR 300,000 - 600,000 boe; the formations in the area may have 0.5 to 1.5 billion oils equivalent.
October 23, 2011: Human interest story on "land grab" in Colorado. NIMBY for those driving SUVs.
September 17, 2011: A story yet to be told. Almost nothing going on in the Niobrara.
August 15, 2011: Investopedia's Mike Fox on the Niobrara.
April 26, 2011: Niobrara interest in Nebraska, but lots of skepticism.
April 6, 2011: Marathon's Niobrara acreage valued at $5,000/acre.
January 21, 2011: SeekingAlpha -- The Niobrara in 2011.
November 24, 2010: Niobrara update in the Casper Journal.
November 15, 2010: Voyager strikes oil in the Colorado Niobrara in a joint venture with Slawson.
November 12, 2010: USGS assesses Niobara in Colorado/Wyoming.
October 25, 2010: Comprehensive update.
July 27, 2010: Niobrara in Wyoming.
March 17, 2010: Reuters on the Bakken and the Niobrara.
February 20, 2010: Another formation for oil? First mention.
Goodnight, Moon, Shivaree
- Random look at the Niobrara, The Bismarck Tribune, April 9, 2015
- RBN Energy: overview, April 15, 2013
- Niobrara 101; a "wyomingenergynews" site -- site no longer available; is entire site down [Oct 12, 2015]
- Map of the Niobrara
- Blog, October 23, 2010
NEWS
November 15, 2022: Phoenix Capital Group announces DJ Basin acquisition. Press release here.
November 15, 2021: Brigham Minerals announced accretive DJ Basin acquisition. Press release here. Social media here.
November 27, 2019: COP sells Niobrara assets to Crestone; financial details not disclosed; 97,000 acres; triples holdings for Crestone.
August 26, 2019: PDC buys SRC; becomes #2 producer in the DJ.
October 17, 2018: is the Niobrara really the next big thing? -- RBN Energy.
April 15, 2018: Anadarko with a new completion strategy -- greatly reducing the amount of proppant being used in completions.
February 1, 2018: update on the Niobrara, Mike Filloon.
December 8, 2017: merger in the DJ Basin.
Bill Barrett Corp., Denver, and Fifth Creek Energy Co. LLC, Denver, have agreed to merge in a deal valued at $649 million creating an oil- and natural gas liquids-weighted firm with a combined 151,100 net acres focused on rural areas in the Denver-Julesburg basin. The deal includes shares plus the assumption of as much as $54 million of debt.
Bill Barrett and Fifth Creek will become subsidiaries of a newly formed holding company, New BBG, with plans to accelerate drilling on the combined acreage. The deal is expected to close in late first-half 2018.March 31, 2017: Whiting -- comparing Redtail Niobrara with the Bakken.
July 14, 2016: update on the Niobrara, RBN Energy.
October 8, 2015: Encana sells all its assets in the D-J Basin.
October 11, 2014: feel-good story; Campbell County, north of Converse County; Gillette is the county seat of Campbell County; Douglas is the county seat of Converse County; Casper lies to the west of Douglas.
April 12, 2014: Whiting is making huge bet in the Niobrara; Whiting says Niobrara is better than the Bakken on a "per-section" comparison.
April 9, 2014: D-J Basin could have more than 4 billion bbls of recoverable oil.
March 13, 2014: MDU completes purchase of oil and gas acreage in Converse County, Wyoming; Southern Powder River Basin, press release.
March 11, 2014: Bonanza Creek update -- Mike Filloon.
August 15, 2013: Bonanza Creek and the Niobrara -- Z-Man.
August 8, 2013: 2013 could be the year of the Niobrara -- Mike Filloon.
June 14, 2013: some Motley Fool fluff on the Niobrara, COP, Noble, Anadarko, others.
April 12, 2013: at SeekingAlpha, a 27-internet-page transcript provided by Bonanza Creek Energy, an investor day presentation, concentrating mostly on the Wattenberg field of the Denver Basin, and the Niobrara formation. Also a post and a link to the corporate presentation. Niobrara::Bakken; Sanish Field::Wattenberg Field; Denver Basin::Williston Basin.
December 17, 2012: estimates of the Niobrara soar to 3.6 billion bbls.
November 25, 2012: BLM approves drilling requests in the Niobrara. Chesapeake, Samson Resources, and Anadarka Petroleum had filed comments of support.
The Bureau of Land Management Casper Field Office has approved three drilling projects that could bring as many as 444 new oil and natural gas wells to eastern Wyoming.
The federal agency on Wednesday released decision records and findings of no significant impact for three projects — the East Converse, Highland Loop Road and Spearhead Ranch exploratory areas — which cover parts of Converse and Niobrara Counties.October 16, 2012: human interest / update on the Niobrara.
April 27, 2012: how to play the Niobrara -- Mike Filloon at SeekingAlpha.
April 15, 2012: Another pipeline -- Niobrara to Texas, 435 miles.
November 14, 2011: Anadarko data points -- Anadarko happy with Niobrara results. Will drill 2,000 wells in Wattenburg area; average EUR 300,000 - 600,000 boe; the formations in the area may have 0.5 to 1.5 billion oils equivalent.
October 23, 2011: Human interest story on "land grab" in Colorado. NIMBY for those driving SUVs.
September 17, 2011: A story yet to be told. Almost nothing going on in the Niobrara.
August 15, 2011: Investopedia's Mike Fox on the Niobrara.
April 26, 2011: Niobrara interest in Nebraska, but lots of skepticism.
April 6, 2011: Marathon's Niobrara acreage valued at $5,000/acre.
January 21, 2011: SeekingAlpha -- The Niobrara in 2011.
November 24, 2010: Niobrara update in the Casper Journal.
November 15, 2010: Voyager strikes oil in the Colorado Niobrara in a joint venture with Slawson.
November 12, 2010: USGS assesses Niobara in Colorado/Wyoming.
October 25, 2010: Comprehensive update.
July 27, 2010: Niobrara in Wyoming.
Recent state and federal lease auctions attracted hundreds of bidders, and many paid jaw-dropping prices for parcels in the Niobrara play. One state parcel went for $3,200 per acre. A little more than a year ago, new oil drilling in the region wasn't even imaginable, and a mineral lease might have gone for $10 per acre.July 10, 2010: For some, the Niobrara is the "new" Bakken.
March 17, 2010: Reuters on the Bakken and the Niobrara.
February 20, 2010: Another formation for oil? First mention.
EOG looking at the Niobrara. For those who don't have the stratigraphic view memorized, click here. Look how shallow this formation is, 1,000 to 2,000 feet in places. To find the formation; a) enlarge the image by clicking on it; b) go to the South Central Montana column; c) count down eight (8) formations to the Niobrara -- it is at the boundary of the Montana/Colorado group of formations.
Goodnight, Moon, Shivaree
Another testing technique in the Bakken?
I found this little bit of information very interesting. When you get to this thread, scroll down a bit and you will see another way that operators/producers are testing the Bakken. They drill past their target, the Middle Bakken, and into the TFS. They analyze the core sample from the TFS, then cement the well from the TFS back up to the Bakken and then drill the lateral as planned into the Bakken. The company now has information on the TFS, information they can use for future wells in the area, and for future re-entry into an existing well. Yes, they can drill right through the cement. This is pure speculation on my part but it sure makes sense.
On another note, there has been a lot of hyperbole on the Yahoo!Finance discussion boards regarding some companies in the Bakken. It appears that many folks contributing to these discussion boards are caught up in the share price of a company and/or the current events in the Bakken. The share price of a company and the company itself are two completely different things. Owners, directors, and employees might be doing very, very well in their company, but the share price may not reflect that. Current events are very important, but I think we have not even begun to see the potential of the Bakken.
I am inappropriately exuberant but there is a rational basis for some of my passion. These are some random data points that have yet to materialize: a) reports from CLR and EOG on their multiple-well pads; b) the results of the NDIC hearing docket in which one case by EOG was a request to drill 570 wells in one area; and c) the improving understanding of the geology and fracking techniques in the Bakken.
On another note, there has been a lot of hyperbole on the Yahoo!Finance discussion boards regarding some companies in the Bakken. It appears that many folks contributing to these discussion boards are caught up in the share price of a company and/or the current events in the Bakken. The share price of a company and the company itself are two completely different things. Owners, directors, and employees might be doing very, very well in their company, but the share price may not reflect that. Current events are very important, but I think we have not even begun to see the potential of the Bakken.
I am inappropriately exuberant but there is a rational basis for some of my passion. These are some random data points that have yet to materialize: a) reports from CLR and EOG on their multiple-well pads; b) the results of the NDIC hearing docket in which one case by EOG was a request to drill 570 wells in one area; and c) the improving understanding of the geology and fracking techniques in the Bakken.
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