EOG, Scandia, Legacy, Bottineau County, ND (USA), Bakken, Spearfish Formation

Legacy Oil & Gas ND, Inc

3Q11: At Bottineau County, North Dakota, the three Spearfish horizontal wells brought on production in June 2011 continue to produce above type curve, with average rates over the first five months of production averaging 82 Boe per day per well. Legacy has one rig drilling in the area and expects to drill up to six wells before year end.

Legacy has 50,836 net undeveloped acres in the area which could lead to potentially more than 570 net unrisked horizontal locations, based on eight wells per section spacing. Competitors in Manitoba, less than two miles away, are developing the Spearfish with 24 wells per section.

It should be noted that EOG has canceled all Scandia-named well permits or let them expire. There are no Scandia wells being drilled by EOG, and it's my impression that EOG has blown off the Spearfish for the time being, at least in North Dakota. 

Legacy Oil & Gas ND, Inc

19462, PNA, Crescent Point Energy, Legacy Etal emergy Norm 4-19H 1H, Red Rock, will now become a SWD well;
19567, PA, Crescent Point Energy, Legacy Etal Bliss 13-10H 1H, Wildcat, section 10-162-76;
19588, 90, Crescent Point Energy, Legacy Etal Berge 12-12H 1H, Red Rock, t6/11; cum 24K 9/17, but down to 1 day in 9/17;
19612, AB/95, Crescent Point Energy, Legacy Etal Berge 9-1H 1H, t6/11; cum 29K 6/15;
19613, IA/157, Crescent Point Energy, Legacy Etal Fett 12-18 1H, t6/11; cum 53K 9/16;
19682, TA, Crescent Point Energy, Legacy Etal Fett 12-19H 1H
20129, PNC, Crescent Point Energy, Legacy Etal Bliss 5-10H 1H
21323, 125, Crescent Point Energy, Legacy Etal Bernstein 4-18H 1H, Red Rock, t12/11; cum 51K 9/17;
21389, 104, Crescent Point Energy, Legacy tal Berge 1-12H, Red Rock, t12/11; cum 23K 7/17;
21482, PA, Crescent Point Energy, Legacy Etal Seter 13-16H, Red Rock,
21504, 126, Crescent Point Energy, Legacy Etal Berge 5-31H, North Souris, t4/12; cum 36K 9/17;
21549, 88, Crescent Point Energy, Legacy Etal Berge 1-1H, North Souris, t4/12; cum 31K 9/17;
21820, 83, Crescent Point Energy, Legacy Etal Berge 13-6H, North Souris, t3/13; cum 11K 9/17;
21821, 180, Crescent Point Energy, Legacy Etal Wunderlich 5-6H, North Souris, t10/12; cum 76K 9/17;




NOTICE: after the initial flurry of activity in these Spearfish wells, there was a dearth of reports. Slowly but surely things began looking more and more bleak. And now there are rumors that EOG is pulling the pumps and shutting in the three Scandia wells that they have drilled.  Posted December 26, 2010.

ORIGINAL POSTING (with some updates along the way)

[Note: EOG has canceled all Scandia-named well permits or let them expire. There are no Scandia wells being drilled by EOG, and it's my impression that EOG has blown off the Spearfish for the time being, at least in North Dakota.]


For a few months now, daily activity reports list "Scandia" wells operated by EOG in the Souris oil field in Bottineau County, North Dakota. These are going to be interesting to follow. So far, to date (August 30, 2010):

• 18701, 304, Crescent Point Energy; Scandia 3-36H, great well for a Spearfish, Souris, t3/10; cum 21K 9/17;
• 18720, PNC, EOG, Scandia 2-26H, Souris,
• 19240, PNC, EOG, Scandia 23-33H, Souris,
• 19243, PNC, EOG, Scandia 25-33H, Souris,
• 19244, PNC, EOG, Scandia 27-33H, Souris,
• 18699, 261, Crescent Point Energy; Scandia 1-34H, Souris, t3/10; cum 48K 9/17;
• 19163, PNC, EOG, Scandia 4-34H, Souris,
• 19164, PNC, EOG, Scandia 5-34H, Souris,
• 19165, PNC, EOG, Scandia 6-34H, Souris,
• 19203, PNC, EOG, Scandia 7-34H, Souris,
• 19204, PNC, EOG, Scandia 8-34H, Souris,
• 19205, PNC, EOG, Scandia 9-34H, Souris,
• 19253, PNC, EOG, Scandia 40-35H, Souris,
• 19254, PNC, EOG, Scandia 42-35H, Souris,
• 19261, PNC, EOG, Scandia 46-35H, Souris,
• 19262, PNC, EOG, Scandia 48-35H, Souris,

For more background on EOG's interest in Bottineau County and perhaps the Spearfish Formation, click here (March 11, 2010) and here (February 10, 2010). I sure hope these wells are good wells; they're shallow and EOG is drilling them in days, rather than weeks.

From wikipedia: Scandia Township is a civil township in Bottineau County in North Dakota (USA). As of the 2000 census, its population was 54. [With all the EOG oil workers, the population has probably doubled.]  Scandia Township: T164N-78W. Due to its location along the Canadian border, this township has only 6 full sections (31 - 36) and about a third of six other sections (25 - 30).

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Spearfish/Madison Pool: The NDIC says both the Scandia 3-36H and the Scandia 1-34H targeted the Spearfish-Madison (or Spearfish/Madison) pool. That pool is quite thick, extending all the way from the shallower Spearfish, all the way down to the Madison, which sits directly above the Bakken Pool (Bakken and Three Forks formations).  See the stratigraphic map here. 

Error? From the Bakken Blog, September 24, 2010:

According to North Dakota Department of Mineral Resources, EOG's well, Sikes State 43-16H, 154-R91W, is producing at 304 bopd. EOG's Sandia 1-34H, 34-164-78 is producing at 261 bopd.

That's what the Bakken Blog says. It has to be in error. The article is about the Spearfish formation and EOG, and yet the Sikes State well is a Whiting well in the Sanish oil field, probably targeting the middle Bakken or the Three Forks Sanish. I sent them a comment asking.

Spin-Off and Questar Name Change: QEP

Map of QEP's holdings in the Bakken (North Dakota). All acreage inside the prolific reservation. Posted January 11, 2011.

Original Posting

Questar Exploration and Production is now known as QEP.  See daily activity report, July 14, 2010.

Also, on the "active drilling rigs" page of the NDIC website, Questar Exploration and Production has been changed to QEP.

Questar Corp (STR) has spun off its exploration company. From a press release:

SALT LAKE CITY (AP) -- Standard & Poor's Ratings Services has raised several ratings on Questar Corp. following the company's spinoff of its exploration and development operations company, QEP Resources Inc.

QEP was formerly known as Questar Markets Resources, Inc., and changed its name in conjunction with the spinoff in June, 2010. 

For investors, this is an interesting transcript: it's only a paragraph long, but it suggests that a) the spin-off will result in increased value over the long term; and, b) the combined value of STR and QEP will be $60 early next year. At the time of the spin-off, STR was trading in a $45 to $55 range. Today, July 15, 2010, the combined value is about $46.

This is the official announcement that the spin-off is complete, dated July 2, 2010.

North Dakota Hitting On All Cylinders: Lakes Are Full

The reservoirs are near all-time highs; the anglers (fishermen) and boaters are loving it.

Sakakawea is at an all-time high. 

What a great time for those living and working in North Dakota.

No New Posts on Thursday, July 15: I Will Be Traveling

I depart before the markets open in the US, and will land about the time the markets are closing. As soon as I land I will be looking for public transportation (bus, subway, bus) to get the three of us home (it's an hour once the process starts: the children ride for free; it will cost me about $2.70.

It's quite a process but really quite remarkable.

Good luck to all.

I will be eager to see what the price of oil does!

I certainly won't be posting before 11:00 p.m. Greenwich Mean Time but it's possible I will post something late in the evening.