Original Post
Six miles north of the Hebron oil field, bordering the Montana state line, lies the 36-section Strandahl oil field, covering the entire T157N-R103W.
I've not driven that particular field, but based on what I've seen in the surrounding area, it is probably fairly flat, non-descript, and covered with golden grain about this time of the year.
There's not a lot of activity in this small field yet, but four wells / permits in 36 sections, this far west and this far north from the "core" Bakken is not bad. In addition, it appears the primary operators, G3 and Oasis have a limited number of rigs that they can throw against this field. But activity is bound to pick up over time based on all the Oasis and BEXP activity in the Bull Butte oil field immediately to the south.
For investors, G3 is a subsidiary of GEOI (GeoResources).
Permits and activity currently in the Strandahl:
- 19169, 685, G3 Operating, Carlson 1-11H, Strandahl, erratic production; looks stable at about 3K bbls/month for now; 22K after first 6 months
- 19574, 444, Oasis, Grimstvedt Federal 5703 42-34H, Strandahl; 24K first 6 months
- 20707, confidential, G3 Operating, Pasternak 1-1-12H, Strandahl
- 20533, rig on site, G3 Operating, Rasmussen 1-25-36H, Strandahl
