Friday, December 23, 2011

Relatively New Operator in the Williston Basin -- Chimney Sweep -- The Lodgepole, North Dakota, USA

In the January, 2012, NDIC hearing dockets, an operator that was "new" to me:
  • Case 16775, Chimney Sweep, a 160-acre unit, vertical, Lodgepole, Stark
Chimney Sweep has only one other well/file number in North Dakota:
  • 16945, TA, Chimney Sweep, Ridl 16-1, wildcat, 16-139-97. This well was southwest of Dickinson, so it was another Lodgepole well, also.
As of March 1, 2011, Chimney Sweep Oil and Gas (US) L.L.L.P. operates as a subsidiary of Enterprise Energy Resources Ltd.
VANCOUVER, BRITISH COLUMBIA -  Enterprise Energy Resources Ltd. is pleased to announce that its wholly owned subsidiary, EERL Energy Limited Partnership has completed its previously announced acquisition of a 50% interest in Chimney Sweep Oil and Gas (US) L.L.L.P.

Concurrent with the closing of the acquisition, the Company completed its previously announced non-brokered private placement of 16,666,666 units of the Company (the "Units") at a price of $0.30 per Unit for gross proceeds of $5,000,000. -- Tuesday, March 1, 2011. 
And then earlier this month, December 5, 2011:
Enterprise Energy Resources Ltd.  (EER.V) is pleased to announce that it has spudded its first well, Archer #1, in Sheridan County, Montana. Enterprise holds a 100% working interest in approximately 30,000 net acres (47 net sections), subject to a 10% back-in right.

The Archer #1 well is located on the northern edge of Enterprise's land package and lies about 40km (25 miles) south west of several successful Bakken wells drilled recently in Montana by one of the area's major operators. The well will evaluate the oil potential of the underlying formations, including the thick Bakken and Three Forks formations within the Williston Basin in North Eastern Montana.

The Archer #1 well, with a TVD of 2,470 m (8,100 ft), is anticipated to take about 14 days to drill, evaluate and case at an estimated cost of approximately US$1.1MM.

2 comments:

  1. Has the Archer #1 well been completed, if so what are the results. Thank you.

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  2. Maybe another reader will know. I don't follow Montana wells; this just happened to get on the blog because of the association with Chimney Sweep, which does operate in North Dakota.

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