Updates
March 12, 2012: the first well for Silver Oak reported an IP today --
- 20950, 55, Silver Oak Energy, Rankin 1-35H, Cedar Hills, Red River B (not a Bakken), s9/11; t2/12; cum 1,566 bbls 1/12
Original Post
Daily activity report:Drillers: EOG (2), Petro-Hunt (2), Hunt, SM Energy, CLR, BR, and Silver Oak, LLC.
Fields: Cedar Hills, Kittleson Slough, North Tioga, Ray, Haystack Butte, West Ambrose, and two wildcats.
Petro-Hunt has a wildcat permit in Williams County, and Hunt Oil has a wildcat permit in McKenzie County.
This is the first time I had heard of Silver Oak, LLC. It has a permit in Slope County. Armstrong Corporation picked up 640 acres in Slope County for $30/acre from the state in the most recent auction (May, 2011, ND lease auction). This is the very first permit ever for Silver Oak, LLC, in the state of North Dakota.
The only other interesting information on today's report was the Newfield Helsingborg well with an IP of 2,862 in McKenzie County (Sand Creek oil field, right next to the interesting Charlson field).
I looked on Silver Oaks website, and evidently, they have two horz wells in the Madison. Mike Armstrong from Dickinson owns Armstrong Corporation, and Silver Oaks sparked my interest. The reason being is that Armstrong has interest in, or knows the person that owns Jordon Vineyards (a popular wine.) Silver Oaks is also the name of a very popular wine. I surmised he might possibly be a shareholder in Silver Oaks, but that does not appear to be the case, as Silver Oaks is headquartered in Texas.
ReplyDeleteAccording to NDIC website, Silver Oak has only one permit in North Dakota.
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