Update
Some folks might be concerned about the small number of permits a couple of days this past week. Not to worry; this will take care of itself. I haven't checked lately but I think we are on track for 1,750 new permits this year.
It sure beats a permitorium.
Original Post
Daily activity report, September 9, 2011 --Operators: Whiting, Liberty Resources, and Legacy Oil
Fields: Sanish, and two wildcats
This is the second permit for Liberty Resources; this one is northeast of Williston in a pretty good area.
Newfield reported an awesome well today:
- 20108, 2,789, Newfield, Lawlar 151-98-31-30-1H, McKenzie County
NDIC File No: 20361 API No: 33-061-01668-00-00What do you notice? Pool: Three Forks. Generally speaking, all wells targeting Bakken formations (3) and Three Forks formations (1 - 5), the pool has been administratively designated the "Bakken Pool." See hearing dockets, and see numerous other file reports in which wells targeted the Three Forks and the pool was designated as "Bakken Pool." Occasionally, we have seen "Sanish Pool."
Well Type: ST Well Status: DRL Status Date: 3/9/2011
Wellbore type: Directional
Location: NWNE 11-156-94 Footages: 735 FNL 2510 FEL Latitude:
48.354399 Longitude: -102.730415
Current Operator: HESS CORPORATION
Current Well Name: EN-PERSON OBSERVATION- 11-31
Elevation(s): 2177 GL Total Depth: Field: BIG BUTTE
Spud Date(s): 3/9/2011
Casing String(s): 9.625" 1902'
Completion Data
Pool: THREE FORKS Status: DRL Date: 3/9/2011
Only 3 apd. Can ndic even come close to keeping up with the current much less the projected pace of permit activity???????
ReplyDeleteIt is what it is.
ReplyDeleteSome think the permitting process is happening too fast; those who already have wells, feel the process needs to slow down.
Those with mineral rights next to a great well, want the permitting process to speed up.
As for me, I've always subscribed to the theory that "chaos is self-organizing" and I think things will take care of themselves very nicely.
As someone else noted, the oil companies cannot even get to the permits they have now and will clog the process a year from now renewing permits they did not get to.
It is what it is. I marvel at the activity.
By the way, no one is able to get all the supplies they need to complete their projects in Williston as it is. Permits are the least of our problems.
I have minerals in the border areas of Williams County and little drilling activity has taken place in this area but the activity is slowly moving that direction. It really doesn't bother me as I'm a winner if I get to negotiate a new lease (higher bonus and % royalty as oppossed to 2008) and technology/knowledge is getting better with time. I am content with this waiting game as I feel wells will eventually began appearing in the Strandahl Field area.
ReplyDeleteI agree: prices higher going forward and improving technology. I was down in the Trenton area last evening; very, very active. You are farther north, but activity is definitely moving that direction, as evidenced by what we saw two nights ago in Bull Butte, just southeast of Strandahl.
ReplyDelete