While Jim Cramer was raving, and "raving" is not too strong a word, about the Bakken, the NDIC was publishing their daily activity report. Today the report shows nine (9) more permits in the Bakken.
(By the way, the NDIC daily activity report today accidentally reported permit #20521 twice.
Producers: XTO (2), North Plains (2), Whiting (2), SM, Cornerstone, and BR.
Fields: Lost Bridge, Sand Creek, Golden Valley, Ambrose, Park, and a wildcat.
The two (2) XTO wells will be one pad in Lost Bridge oil field.
The two (2) North Plains wells will be on one pad in Sand Creek. Also, the BR permit is in Sand Creek.
Sand Creek is just forty sections; sharing a border with Charlson to the east (and Charlson is a very good field; southeast, across the river from Stockyard Creek). It's a very hot field right now.
Lost Bridge oil field is between the reservation on the east and Haystack Butte on the west.
The Cornerstone wildcat is very far north (not far from Canadian border) and quite a ways east (near Bowbells, North Dakota).
Comment: the most interesting thing about today's report -- two more companies putting multiple wells on one pad.
Many of the wells coming off confidential status are still in DRL status (no initial production reported). The companies are backlogged in getting their wells completed due to fracking backlog.
No comments:
Post a Comment