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Tuesday, June 1, 2010

North Dakota On Track for 1252 New Permits in 2010

With seven (7) more permits granted today, North Dakota is on track to issue 1,252 new permits this calendar year (2010). This well exceeds any past year in the current boom.

For comparison with other years, click here.

Surprise, Surprise, Surprise! Fidelity Gets Two New Permits

Fidelity has one (1) rig in the North Dakota Bakken and during the current boom, it sold or transferred much of its North Dakota Bakken assets to Oasis.

But today, I see that Fidelity was granted two permits in the Sanish, #19080 and #19081, the Domaskin 19-20-29H in Lot 2, section 19-154N-92W; and, the Lynn 19-20-29H, in the NWNE subquadrant of section 19-154N-92W.  These wells are not on the same pad and sit in same area as two earlier Fidelity wells with IPs between 600 and 1000 (before IPs were inflated somewhat less than they are now).

For newcomers to this blog, within the very prolific Bakken, there are two particularly good fields, the Parshall, essentially "owned" by EOG; and its neighbor to the west, the Sanish, practically owned by Whiting.

Brad Olson - deja vu all over again.

A year or so ago when BEXP desperately needed some good news, it got it in the form of the "first" Brad Olson and Olson wells northwest of Williston. Today, BEXP was granted two new permits for two additional "Brad Olson" wells to be drilled in the same section: 9-154N-102W, the Brad Olson 9-16 3H and the Brad Olson 9-16 2H, #19085 and #19086, respectively. These two wells should be drilled on the same pad just to the west of the original Brad Olson.

The "Olson" and "Brad Olson" were "twin" wells northwest of Williston that spurred new interest in this area:

17513, BEXP, 1,160, Olson 10-15H 1-H, at 13 months = 100,000 bbls cumulative
18175, BEXP, 2,125, Brad Olson 9-16 1-H