Tuesday, October 26, 2010

Eleven (11) New Permits in North Dakota (Bakken, ND, USA)

The operators: KOG (2), MRO (2), BEXP (2), Tracker,  Oasis, American (AEZ), EOG, and CLR.

Fields: Mandaree (2), Reunion Bay (2), Little Knife, Todd, Lake Trenton, Squires, Rosebud, Ranch Coulee, and one wildcat.

The two KOG wells will sit on a multi-well pad (same as yesterday). It appears KOG is really stepping up its drilling program.

Likewise, the two MRO wells will sit on a multi-well pad.

"We" are on track for 1,550 permits for calendar 2010.

By the way, a big thanks to Rory for telling me how to bring over NDIC spreadsheets, such as the confidential lists, to an Excel spreadsheet. [I had tried it some time ago, couldn't get it to work; thought it couldn't be done, but Rory said it was possible and that was enough to get me to try again.] Once it's on an Excel spreadsheet, one can sort the data any number of ways. The number of wells on the confidential list is now 1,115. I assume this is pretty much a record, although I haven't kept track of that number on a regular basis.

WOW! North Dakota Breaks Oil Production Record (Bakken, ND, USA)

Oil jumped to number 4 among oil producing states in the United States this past year.

Last year (2009) North Dakota set a record in oil production for the state: 80 million barrels.

2010: we've already surpassed that level of production and it is estimated that North Dakota will produce 110 million barrels in calendar year 2010. This represents a 38 percent increase over 2010, and everything suggests 2011 will be even bigger.

How big is the Bakken? North Dakota oil production now represents six percent of total US production, up from one percent less than three years ago.

Seeking Alpha: BEXP (Bakken, ND, USA)

Nice update regarding BEXP.