Biggest Bakken Stories of the Past Week

Week 12, 2010 (Mar 22 - Mar 29, 2010)

1.  Utah company will build facility in Dickinson to build trailers for roughnecks.

2. Oasis Petroleum will go public.

3. North Dakota oil production increasing; Alaska's North Slope on the decline.

4. New milestone: 105 active rigs in North Dakota.

5. 2009: Staggering Statistics. 

6. Hess does it again: six wells on one site.

Around the Oil Patch

Utah company to build facility in Dickinson to build temporary housing for roughnecks.

From the Oil Patch Hotline (full article available only by subscription):

Minot is becoming the "go-to" city for new oil and oil service companies, partly because of housing shortages in Dickinson and Williston. New companies are moving to Minot after Hess Corporation moved its regional headquarters to Minot. Oil service companies want to work with a multi-national company.The Oil Patch Hotline there are 17 new companies with more than 500 employees that have come to Minot after Hess moved there:

Hess: 100 - 300 employees in North Dakota.
Power Fuels: building a facility on a 20-acre site off highway 2 across from the Cenex tank farm.
Enseco Energy Services: well testing and flowback services; 40 employees and 8 trucks
Badger Daylighting of North Dakota: operates hydro vac trucks to clean out silt, sand, other debris from mud tanks.
Pure Energy: a new $20 million office and truck bay facility; provides production testing and cased wireline hole services. It joins Pumpco Magnum Trucking at the new 130-acre industrial park built by the city.
A new 90-acre Northern Plains Energy Park with city water, sewer and three-phase power connections.

Minot, the fourth-largest city in North Dakota, has a few more amenities than Williston, including the crowd favorite, the annual Scandinavian Hostfest. 

For those who missed it, here's the link to some Whiting corporate videos; whether you like the presentation or not, the scenery is spectacular. Enjoy.

NOG Presentation

This is the Conference Presentation, Mar 2010.

Note the cost of finding and extraction for a barrel of oil on slide #12.

March Madness: Fertile 37-07

Updates

May 13, 2013:

• 22091, 537, EOG, Fertile 51-0410H, Parshall, t11/12; cum 88K 3/13;
  

Original Post

Fertile 37-07 is in the most prolific oil field in the current boom, the Parshall field. It is in Fertile Township, section 7-T151N-R90W, just a mile from another very prolific field, the Van Hook.

I mention this, not because I know anything special about Fertile 37-07, but because the question of its location piqued my interest to revisit this township.

I provided an update to the Parshall oil field not too long ago, but I was blown away by what is going on there at this very moment. To summarize: in this township of 36 sections, there are --

Two (2) drilling rigs on site;
Another six (6) wells being drilled;
Twelve (12) wells producing;
Three (3) wells on the confidential list; and,
Seven (7) additional sections with permits yet to be acted upon.

This is clearly one of the more active townships right now. What surprised me most is all the "green" circles on the GIS Map Server -- I can't recall this many wells being drilled at one time in such close proximity in a long time. I assume they are all EOG wells. The drillers can now drill a well in less than 25 days; the completion may take longer to wait for fracking.

I opined sometime ago that activity inside the Fort Berthold Indian Reservation was two years behind that of the rest of the Parshall and Sanish due to bureaucratic red tape, and that we would see FBIR "catch up" in 2010. It's only March and "we" are well on our way.