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Thursday, November 17, 2011

30-Second Sound Bites for Wells Most Recently Reported in North Dakota

These were the most recent wells reported in North Dakota and a comment or two about them:

17367, 213, CLR, Eric 11-24SH, Cedar Hills, North Red River B (not a Bakken)
  • Comment: not all wells being drilled in North Dakota are Bakken wells; some are from formations that were targeted in earlier booms; the North Red River B and the Red River are examples; CLR is probably the most active operator in North Dakota targeting "legacy" formations; I believe CLR assigns at least one rig for these "legacy" formations
20543, 1,031, North Plains Energy, Evitt 16-21H, Truax, Bakken,
  • I'm sure KOG was happy to see this very nice well; KOG recently announced plans to acquire North Plains and KOG will get this well
20530, 1,792, MRO, Ella USA 11-16H, Reunion Bay, Bakken,
  • Early on in this boom, it seemed MRO could not get an IP above 500; now MRO is consistently getting very, very good wells; this is another good well
19923, 865, Whiting, Richard 21-15TFH, Zenith, Bakken,
  • Comment: some of the acreage in the Zenith oil field was the "most expensive acreage" in the Basin; these are nice wells but nothing to deserve such a rich premium; something tells me it's all about a multi-pay play
19686, 343, Samson Resources, Love 11-2 1H, Wildcat, Bakken,
  • Comment: none.
19529, 1,054, EOG, Round Prairie 5-0904H, Painted Woods, Bakken
19409, 761, EOG, Mont 3-3403H, Painted Woods, Bakken,
19281, 1,474, EOG, Hardscrabble 13-3526H, Wildcat, Bakken
  • Comment: these three (3) EOG wells are really quite remarkable; first, they are great wells, and second, they are west of Williston, an area that has been surprisingly good for BEXP; it looks like EOG is taking a page from BEXP
20687, 1,482, BR, Capitol 34-7TFH, Westberg, Bakken, t10/11; cum 93K 6/12;
  • Comment: looks like a good day for fracking results. Of these nine most recently reported wells, this one was the only one was not completed within the six-month window, and was placed on DRL ("drill") status waiting to be completed/fracked; hopefully this trend continues
Remember, all new wells reporting are posted here.

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