Fields: Moccasin Creek, Jim Creek, Hamlet, Sanish, and a wildcat.
Four of the CLR permits will be for an Eco-Pad in the Hamlet oil field, Divide County.
The two Enerplus permits appear to be for wells on the same pad straddling two sections in Moccasin Creek, Dunn County.
The Petro-Hunt wildcat is in Williams County.
The rest of the daily activity report was fairly uneventful, except for a Spearfish well:
- 19385, 5, Ritchie Exploration, Bernstein 4B-1, Bottineau County; a Spearfish well; t2/11; cum 1K 6/12;
- 19608, DRY, Anschutz, Harlan Rebsom 1-2-11H 143-95, Dunn County. On the stratigraphic map linked on the sidebar at the right, in the Williston Basin, the Pierre formation is fairly shallow (TD = 2,170 feet), and just above the Niobrara. It's possible they were targeting the Niobrara.
- 19386, 0 bopd, Ritchie Exploration, Bernstein 1, Bottineau County; was also released from confidential status today but no data provided the date of the original post. However, on the daily activity report of April 28, 2011, "0 bopd" was reported.
FYI
ReplyDeleteSaw this on Cramer today...
cnbc.com | March 16, 2011 | 07:00 PM EDT
Even in this brutal market, Cramer on Wednesday said there are stocks that could make you money.
Take oil companies, for example, which are focused on the Bakken shale — the biggest oil find in U.S. history. Continental Resources [ CLR 64.62 +0.30 (+0.47%) ] is the largest producer in the Bakken. Cramer spoke with CEO Harold Hamm on Tuesday.
With 582,000 acres, Whiting Petroleum [ WLL 63.97 +0.43 (+0.68%) ] is the second-largest producer in the Bakken. As compared to Continental, Cramer said Whiting is more conservative. It's also a cheaper stock, trading at a 40 percent discount to CLR. Whiting also has less growth, though, and unlike Continental, it is funding its drilling organically.
To learn more about Whiting, Cramer invited CEO James Volker onto "Mad Money."
Those with a long-term horizon should do very well. One does not get many opportunities to accumulate Bakken-related shares at discount.
ReplyDeleteI'm still amazed how much time Cramer has devoted to the Bakken. It's as if he's just discovered it. It certainly took him a long time. He certainly has made a lot more investors aware of it which can't be a bad thing.