Daily activity report, August 22, 2011 --
Operators: Samson Resources (7), CLR (3), Oasis (2), BEXP (2), MRO (2), Hunt, Zenergy.
Fields: Ambrose, Cottonwood, Fillmore, Wildrose, Alger, Siverston, Upland, Strandahl, Reunion Bay, Clear Water.
Samson Resources has two 2-well pad permits; BEXP has one 2-well pad.
Oasis has one wildcat, Samson Resources has two wildcats, and CLR has two wildcats.
How about that fracking backlog? Seven wells released from confidential status and only one completed. The other six waiting to be fracked. The one completed:
20233, 947, MRO, Marlin 44-12H, Dunn County.
I'm traveling so I will have to add details later, but this is huge: 18 permits in one day.
Noticed one of these permits was Marathon in the Standhal Field. This field has seen very little activity to date but as I have always predicted, this may become very active over the next year. Between Marathon, Oasis and G-3, this could get interesting since the leases in this area are nearing expiration dates.
ReplyDeleteActually, with close to 200 rigs in North Dakota, and reaching total depth in 20 days or less, we're going to be seeing so much activity, it will be downright scary by Halloween.
ReplyDeleteBruce where do you find a list of the permits issued over a time and can you search for them by township
ReplyDeleteAlso you had an article on the value of mineral acres and pay back over time. I looked for it and couldn't find it again. The article mentioned about 10,000 per acre??
Thanks for the great work you
Richard in Kentucky
Hi Bruce,
ReplyDeleteAfter two years plus of watching...There is now a rig on our spacing. Fun to see that green rig on the map. Was wondering if you happen to know who XOM/XTO uses for fracking. Tried to find out on Exxon website...couldn't much detail on their site or xto regarding Bakken details. Wondering if they may have their own crew or if they contract it. Saw an earlier post of yours' about who's using who...but no info on xto. Exciting to have the rig but I guess we are the dark about when it will be fracked...sounds like there is no way to know what is really going on while in confidential status. Tempting to make a road trip or ask relatives on the ground back there I suppose... I know you are busy so don't spend alot of time on it... just wondering if you might happen to know. Thank you for keeping us so up to date. Incredible number of permits today!
I am not aware of any public database where one can search by township. The best one can do, I think, is search by oil field on NDIC website.
ReplyDeleteUsing the GIS map server, one could do it, I suppose, but if there are a lot of permits it would be quite time-consuming and tedious. There are 36 sections in a township and in the best Bakken we have two to four permits per section.
I'm traveling right now so can't easily search the blog -- intermittent 3G connectivity -- when I get to destination I will come back to your second question but it won't be for day or two.
Value per acre varies across the state from hundreds to thousands of dollars per acre, and I have had several stories on value of various acreage.
I'm traveling so can't write much -- intermittent 3G.
ReplyDeleteBut off hand I don't know who is fracking XOM/XTO.
When I get to destination with 3G connectivity, I think there might be a way to guess. What I would do is go to some XTO wells on the area that are no longer confidential and see who fracked them -- information would be in the NDIC well file.
Thank you Bruce...I also just had a thought... maybe I can somehow look back on activity reports and search on xto specific wells and see how many came off the list with production posted vs DRL...that may tell me if their wells are typically back logged or not... may try and do that when I have time.
ReplyDeleteAgain thank you for all you do!
Easily 60 percent of wells released from confidential status go to DRL status.
ReplyDeleteI could be wrong, but I think the backlog is getting worse, not better. As noted today, six of seven went on DRL status.
have acreage south of glen ullin (northwest morton
ReplyDeletecounty). how long until lease activity in this area. thanks for your time.
A while ago I would have said I don't think they will be leasing there in the foreseeable future, but it sits very close to Stark County where there is activity. We will get some idea when we see the quarterly North Dakota state land auction -- see if anyone is interested in leasing in Morton County.
ReplyDeleteSeveral comments above, Richard from Kentucky asked a question regarding valuation. I was traveling at the time and unable to provide much of an answer.
ReplyDeleteI've talked about valuation on many occasions, but this is an interesting post regarding valuation:
http://milliondollarway.blogspot.com/2011/04/correctionupdate-12500acre-bell-field.html
With regard to XOM/XTO and what company they use for fracking, I was hoping that the form they used to document the fracking would include the company that fracked/completed the well, but no such luck.
ReplyDeleteI just checked two XTO well files, and both were fracked/completed (one 21 stages; one 18 stages) but neither listed the company who completed the well, at least as far as I could tell. Sorry.