Thursday, February 3, 2011

Some Selected 2010 Data Points on North Dakota Oil Permits / Wells

Until the daily news cycle begins, some data points from my 2010 database of permits issued by the NDIC.
  • In calendar year, NDIC issued 1,680 new permits.
  • Of those permits, 19 have been canceled.
  • Of those 1,680 permits, there is some kind of data for 467
(IPs, plugged or producing, dry, TD, suggesting they have been drilled, not necessarily completed. It is unknown how many more have been drilled or are in the process of being drilled but remain on the confidential list.)
By county, the number of permits issued in calendar year 2010:
  • Mountrail, 430
  • Williams, 337
  • McKenzie, 329
  • Dunn, 250
  • Divide, 99
  • Burke, 63
  • Bottineau, 60
  • Stark, 44
  • Billings, 27
  • McLean, 12
  • Renville, 11
  • Bowman, 10
  • Golden Valley, 5
  • Slope, 2
  • Ward, 1
Top IPs and their producer, highest to lowest (I don't know the exact number, but CLR has about 22 rigs in the ND Bakken; WLL has about 15; and, BEXP had 7 in 2010. I believe KOG had two, maybe three rigs in 2010.)
  • 5,061: BEXP
  • 4,431, WLL
  • 4,357, BEXP
  • 4,355, BEXP
  • 4,169, BEXP
  • 4,106, BEXP
  • 3,660, BEXP
  • 3,631, Newfield
  • 3,573, BEXP
  • 3,479, WLL
  • 3,445, WLL
  • 3,425, BEXP
  • 3,311, Newfield
  • 3,301, BEXP
  • 3,293, WLL
  • 3,240, BEXP
  • 3,206, BEXP
  • 3,191, BEXP
  • 3,090, BEXP
  • 3,070, BEXP
  • 2,984, WLL
  • 2,973, WLL
  • 2,803, BEXP
  • 2,788, WLL
  • 2,746, WLL
  • 2,731, Fidelity
  • 2,707, Oasis
  • 2,686, WLL
  • 2,674, Newfield
  • 2,658, BEXP
  • 2,640, BEXP
  • 2,579, Helis
  • 2,573, XTO
  • 2,551, WLL
  • 2,519, Newfield
  • 2,497, Newfield
  • 2,472, BEXP
  • 2,444, WLL
  • 2,435, CLR
  • 2,417, BEXP
  • 2,413, BEXP
  • 2,356, BEXP
  • 2,355, Encore
  • 2,322, WLL
  • 2,312, BEXP
  • 2,278, BEXP
  • 2,241, WLL
  • 2,232, Encore
  • 2,213, BEXP
  • 2,194, Enerplus
  • 2,178, AEZ
  • 2,166, WLL
  • 2,145, BR
  • 2,137, WLL
  • 2,110, WLL
  • 2,104, Zenergy
  • 2,080, AEZ
  • 2,035, KOG
  • 2,023, Oasis
  • 2,000, BEXP
  • 1,976, Oasis
  • 1,960, Tracer
  • 1,959, BEXP
  • 1,936, BEXP
  • 1,851, CLR
  • 1,833, BR
  • 1,832, WLL
  • 1,780, WLL
  • 1,773, BEXP
  • 1,770, Slawson
  • 1,754, SM
  • 1,722, CLR
  • 1,719, SM
  • 1,713, KOG
  • 1,702, CLR
  • 1,695, WLL
  • 1,694, WLL
  • 1,689, BR
  • 1,669, WLL
  • 1,667, WLL
  • 1,659, BR
  • 1,639, Hess
  • 1,611, WLL
  • 1,600, Zavanna
  • 1,594, Enerplus
  • 1,578, BEXP
  • 1,561, WLL
  • 1,557, WLL
  • 1,546, Slawson
  • 1,521, Slawson
  • 1,517, Slawon
  • 1,507, Newfield
  • 1,500, Encore
  • 1,490, EOG
  • 1,488, Oasis
  • 1,481, Oasis
  • 1,471, CLR
  • 1,447, WLL
  • 1,434, Tracker
  • 1,415, SM
  • 1,407, Slawson
  • 1,394, Slawson
  • 1,389, WLL
  • 1,375, Tracker
  • 1,371, Slawson
  • 1,358, EOG
  • 1,348, Tacker
  • 1,330, Slawson
  • 1,329, Encore
  • 1,325, Tracker
  • 1,306, Slawson
  • 1,300, CLR
  • 1,271, Questar
  • 1,248, AEZ
  • 1,236, WLL
  • 1,219, CLR
  • 1,212, Encore
  • 1,203, CLR
  • 1,201, CLR
  • 1,193, Oasis
  • 1,172, Slawson
Of the 315 well files for permits issued in 2010 that have reported IPs, the average IP was 1,161

The ten lowest IPs were (IP, producer, county, field):
  • 0, EOG, Bottineau, Wildcat
  • 1, Sagebrush, Burke, Portal
  • 2, Eagle, Burke, Flaxton
  • 2, Sagebrush, Burke, Portal
  • 2, KOG, Dunn, Heart Butte
  • 11, Eagle, Burke, Flaxton
  • 22, Hess, Williams, Beaver Lodge
  • 25, WLL, Billings, Big Stick
  • 28, Baytex, Divide, Ambrose
  • 30, Jayhawk, Divide, Crosby
Comments:
  • Reported IPs come from various sources: generally press releases, corporate presentations, and NDIC scout tickets
  • Some of the larger companies, such as Hess and EOG, generally don't provide early data on IPs (or if they do, I don't find them; but if they are good/great wells, their smaller partners are likely to release pressers)
  • Partners on the same well will  often report different IPs for the same well (due to different methods of calcuating); the NDIC scout tickets almost always have a different IP than that reported in the press
  • Low IPs may be due to wells that have not been completed, or problems with the wells that might change with a work over
  • The data is not official; it comes from my own database; I cannot vouch for its accuracy (due to too many variables); I would not recommend using the data for anything other than looking at it while having a cup of coffee waiting for the day's new cycle to begin

2 comments:

  1. Thanks for the great info! I have one question, though. I found this specific post via google while looking for something about BEXP, but I could not figure out how I would find this post by navigating this blog. If I go to "top stories" the most recent entry is Week 3 Jan 15-Jan 21. Neither there, nor any other links I followed led me to anything more recent than that, yet I know you've posted many times since then if I search "site:milliondollarway.blogspot.com" via google, sorted by date. Is there a section here I am not seeing?

    ReplyDelete
  2. You are correct; I am behind on "Top Stories." I will catch up today. It's one of the things I hate most about this site, having to update "Top Stories" every week. But I do it.

    With regard to your current search, "Google" frustrates me also. It often takes you to this site, but not to the information you are looking for, although it is obvious here if "Google" found it.

    Several options: if really serious and short of time, send me an e-mail or an anonymous comment.

    Another option: I do use "tags" for some generic issues (see bottom of blog).

    Also on sidebar on the right, I have two sections listing all producers in the Bakken, one geared for production in general, and one geared for investors. Not all links are there but it's another way to find specific information about a company.

    For both Firefox and Safari, there is a great search application. At the top of the blog, on the left side is a magnifying class. Type in specific word and then click on magnifying glass.

    Then, to get through the posts quickly, go to you topline menu, click on drop menu "Edit" and then click on "Find" and then another search box at the bottom of the blog on the left side will search the page you are on.

    But anyway, if you have a specific question, and all that above is too much, just send me a personal e-mail or ask anonymously via a comment, like you did.

    Now I have to go up date weeks 4 and 5. Thank you for reminding me.

    ReplyDelete