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Tuesday, May 24, 2011

Update On Legacy Well On Bottineau County

Company press release dated May 24, 2011:
http://www.legacyoilandgas.com/documents/NewsRelease-May24_2011.pdf. 

See previous posting regarding this well.

I would not have noticed this except for fact I am traveling and had to download the daily activity report from yesterday, May 23, 2011.

It appears the report has been changed without comment.

Permit #19462, Legacy, Legacy Etal Emory Norm 4-19H, has been completely removed.

I may be wrong on this. If anyone else wants to check a "new" daily activity report for May 23, 2011, to confirm, that would be nice. But the DAR I downloaded a few minutes ago for yesterday does not show the Legacy well.
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11 comments:

  1. AnonymousMay 24, 2011 at 3:55 PM

    You are correct.

    ----
    Also, it is a Spearfish Hz. Estimated cost $2,000,000. That is above prior estimates.

    File shows: Completion Data
    Pool: SPEARFISH Status: DRL Date: 11/20/2010

    ----

    Google:

    [PDF] NORTH DAKOTA INDUSTRIAL COMMISSION DATE: May 23, 2011 DAILY REPORT ...
    File Format: PDF/Adobe Acrobat
    May 23, 2011 ... #19462 – LEGACY, LEGACY ETAL EMERY NORM 4-19H 1H, NWNW 19-163N-76W, BOTTINEAU CO . 3000 bopd, 1488 bwpd - Bakken ...
    https://www.dmr.nd.gov/oilgas/daily/2011/dr052311.pdf


    But, that now links to the new version without the well.

    ---

    Easy come, easy go.

    Anon 1

    ReplyDelete
  2. Bruce OksolMay 24, 2011 at 4:01 PM

    Thank you. I am traveling, so not as easy to check and re-check.

    I'm glad to see it was captured by google to confirm I was not seeing things that weren't there.

    By the way, you were the first to reply/comment. Thank you.

    ReplyDelete
  3. Bruce OksolMay 24, 2011 at 5:54 PM

    I apologize. I accidentally deleted a comment that noted yesterday's report was updated and removed the Legacy report.

    Today's report provides a correction but simply states the total depth. No information regarding results. Hard to believe that an error was made on such an "important" well.

    ReplyDelete
  4. AnonymousMay 24, 2011 at 7:49 PM

    Well file does not have a completion report so if well has been fracked and completed then legacy has not yet filed with ndic.

    One difference between this well and eog's spearfish wells is the length of the lateral. This well has a 3400 feet lateral in the target zone. Eog's spearfish wells range from appx 1500 feet lateral (eog wells in Manitoba) to 2500 feet (eog wells in Bottineau cty). All else being equal, the legacy well would seem to have higher ip and eur than eog's just due to the lateral length difference. Oil shows in mud did not appear to be that promising to me though.

    ReplyDelete
  5. Bruce OksolMay 24, 2011 at 8:00 PM

    Thank you. The oil show in the mud confirms earlier note along the same line.

    ReplyDelete
  6. AnonymousMay 25, 2011 at 11:37 AM

    http://www.legacyoilandgas.com/documents/NewsRelease-May24_2011.pdf

    "Three of the five previously drilled Spearfish horizontal wells in Bottineau County, North Dakota have been fraced with operations ongoing to frac the remainder, as well as the standing wells in Pierson, Manitoba. The initial wells are recovering load fluid and formation oil. Rates will be reported in a future operational update, however the Company continues to be confident in the significant upside in this play"

    Some other interesting comments too.

    Anon 1

    ReplyDelete
  7. AnonymousMay 26, 2011 at 6:41 PM

    I don't believe the Emery Norm well has been fraced at this time. They have worked on both the Berge wells and on the Bliss well.

    ReplyDelete
  8. Bruce OksolMay 27, 2011 at 4:58 PM

    That makes sense (that they haven't been fracked yet).

    ReplyDelete
  9. AnonymousJune 2, 2011 at 3:45 PM

    Interesting tracking your story Bruce.
    Looks like Surge energy may have purchased EOG's leases in Bottineau County Spearfish. Appears that Surge now claims a 329 low risk drilling inventory.
    http://surgeenergy.mediaroom.com/index.php?s=10448&item=39018
    Also check out their May 20 investor presentation and look at the spearfish land map page 14. The land position looks very similar to what EOG had shown in some of its reports. However I haven't seen any public record of sale by EOG?

    ReplyDelete
  10. Bruce OksolJune 2, 2011 at 4:02 PM

    I agree with you. It is my understanding/hunch that Surge bought the EOG property (some, if not all).

    Like you I don't understand why we didn't see this published somewhere since both companies are public.

    Someone may let us know. But I think you are correct.

    ReplyDelete
  11. Bruce OksolJune 2, 2011 at 4:21 PM

    I've incorporated the above information into a stand-alone post because I know a lot of folks are interested.

    http://milliondollarway.blogspot.com/2011/06/legacy-surge-and-update-on-bottineau.html

    ReplyDelete

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