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, Slawson
  • 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
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