Wednesday, December 21, 2011

Wow, Wow, Wow -- The KOG/BTA Deal -- The Bakken, North Dakota, USA

Wow, wow, wow.

There have been any number of articles on the recent North Plains assets and acreage acquired by KOG.

Some time before that, there were press releases reporting KOG's acquisition of BTA assets and acreage.

But in today's daily activity report, one can actually see how great the BTA deal was. This is really quite incredible.

Here is a list of wells that will be transferred from BTA to KOG. The "XK/month" is the current production of these wells. These wells are in three incredibly good fields (all in Williams County): the Stockyard Creek, East Fork, and the Epping field. The Stockyard Creek has been known for quite some time to be a great field; the Epping is just starting, and it appears to be a great field, also, based on early production. And, if that doesn't get your attention, this should: the record TFS well to date was drilled in East Fork. Wow.

Here are the new KOG wells (previously BTA wells):
  • 11975, 20711 Paulson 9-42 SWD
  • 18758, 714, 20711 Paulson 49 1H, 7K/month; off-line; pump?, Stockyard Creek
  • 18890, 721, 20711 Springbrook 58 1H, 13K/month, Stockyard Creek
  • 19220, 1,057, 20711 Saccaro 310 1H, 10K/month, Stockyard Creek
  • 19329, 1,261, 20711 Bibler 67 1H, 10K/month, Stockyard Creek
  • 19576, 1,223, 20711 Erickson 3130 1H, 10K/month, Epping
  • 19906, 823, 20711 Kreidle 3229 1H, 10K/month, Stockyard Creek
  • 20507, 827, 20711 Swanson 3328 1H, 14K/first month, Epping; t10/12; cum 148K 1/13;
  • 20515, 2,462, 20711 Alice 3427 1H, Epping; t8/12; cum 83K 1/13;
  • 20563, 1,710, 20711 Peterson 1522 1H, Epping
  • 20730, 1,706, 20711 Long 112 1H, Stockyard Creek; s10/11; t10/12; cum 146K 1/13;
  • 20838, 1,205, 20711 Lind 211 1H, DRL, Stockyard Creek; t10/12; cum 75K 1/13;
  • 21041, 1,415, 20711 State 1621 1H, Epping
  • 21042, 1,204, 20711 Mildred 94 1H, Epping
  • 21078, 2,129, 20711 Alexander 112 1H, East Fork; t8/12; cum 67K 1/13;
  • 21081, 341, 20711 Gafkjen 103 1H, East Fork
This acquisition is better than I first realized. Along with the recent North Plains acquisition, KOG is getting very, very interesting.