Twelve (12) New Permits -- North Dakota, USA

Wow, what an exciting way to end the day in the Bakken, after a heck of a lot of good news throughout the day.

Twelve (12) new permits issued in North Dakota today.

Producers: Whiting (3), Peak (2), Zavanna, EOG, Oasis, Murex, Petro-Hunt, KOG, and Samson.

Fields: Sanish, Stockyard Creek (the Zavanna permit), Antelope, Thompson Lake, Bicentennial, Glass Bluff, Clear Creek, Poe, Baukol Noonan and one wildcat.

The wildcat is Oasis #20380 in McKenzie County; it's in a pretty inactive area about 12 miles west of Alexander, and just east of the river. Although it is in a relatively inactive area now, this area just to the east was very, very active just prior to the current boom which began in 2007 in North Dakota.

In addition 13 wells came off the confidential list, which I have already posted on "New Wells Reporting - 1Q10."

By the way, I've updated the information regarding the huge (?) Sagebrush Madison well in Renville field.

ObamaCare -- Absolutely Nothing to Do With The Bakken

I normally would just link this on my ObamaCare page, but this is huge.

The Florida judge ruled in favor of the 26 states' attorneys general. The judge stated clearly, and in no uncertain language, that the Obama health care bill is unconstitutional in its entirety.

North Dakota is one of the 26 states in the lawsuit.

The law was already unraveling like a moth-eaten sweater with more than 730 waivers, many of these waivers granted to unions that supported the President and the health care bill.

The judge noted Barack Obama's position on nationalized health care during the 2008 campaign:

In ruling against President Obama's health care law, federal Judge Roger Vinson used Mr Obama's own position from the 2008 campaign against him, arguing that there are other ways to tackle health care short of requiring every American to purchase insurance.

“I note that in 2008, then-Senator Obama supported a health care reform proposal that did not include an individual mandate because he was at that time strongly opposed to the idea, stating that ‘if a mandate was the solution, we can try that to solve homelessness by mandating everybody to buy a house,’” Judge Vinson wrote in a footnote toward the end of the 78-page ruling Monday.

So, now unto the Supreme Court.

With Vermont looking at coming up with a single-payer system for state-wide health care to replace ObamaCare, I think the threshold becomes even higher for the Supreme Court to reverse the ruling. The Supreme Court is likely to look also at states' rights.

By the time this reaches the Supreme Court, expect more waivers for unions and corporations, and expect more states to look at their own solutions. The states now realize they can't afford ObamaCare. Nor can the unions that supported the plan and the President.

Congress is also exempt. The act says that members of Congress are covered by a health plan and thus are not affected by the bill, i.e., exempt. Therefore, those who are covered by a health plan should also not be affected by this bill, using that same reasoning, but that is not true. If that was true, we wouldn't be seeing the waivers or the lawsuit before the Florida judge.

I assume we will see a request for an emergency stay and it will be granted.

For Investors Only: Corporate Profits Surge -- Leading Sectors: Energy and Telecommunications

Link here. WSJ.

With about 50% of companies already reporting, fourth-quarter profits for the biggest U.S. corporations have been exceptionally strong and 2010 is poised to deliver the third-best full-year gain since 1998—with sharp advances in the telecommunications and energy sectors and a rebound in financial services.

Siverston Field Update

Updates

IPs and cumulatives are updated periodically. Most recent update, September, 2014.

[Note: Denbury Onshore wells below used to be Encore wells. "DNR" is the ticker symbol for Denbury.]

February 4, 2013: in the daily activity report, this date, the 104 wells that were transferred from DNR to XTO in this deal were listed


January 31, 2011: Early in the morning on January 31, 2011, I was updating the Siverston field, see original posting below.  While I was posting, the GIS map server went down. When it came back up, it had been updated and 32 sections had been added to the field:

• 24 sections in T150-97
• 5 sections in T149-97
• 3 sections in T149-98
• The field is now 100 sections, not quite three townships.

These added southern sections are mostly Denbury Onshore/Encore (DNR) wells.

19433, 3,000, Denbury Onshore, Satter 44-34NWH, Siverston, Bakken, 33K in two months; t5/11; cum 131K 11/12; 

There is a string of wells running west to east in the southern part of this field:

• 17456, 114, Denbury Onshore/Encore, 114, completed back in 2009; t2/09; cum 107K 12/12;
• 18805, 688, SM Energy, Johnson 16-34H, t6/10; cum 125K 11/12; 
• 19995, 1,620, Denbury Onshore/Encore, Lee 34-31NWH, t7/11; cum 117K 11/12; 
• 18998, 2,208, Denbury Onshore/Encore, Lundin 14-33NEH, tested 12/10; 21K in first 2.5 months; t12/10; cum 93K 11/12;
• 19305, 2,640, Denbury Onshore/Encore, Hoffmann 149-98-1-12-1H, tested 4/12/11; 38K in first 3 months; t4/11; cum 130K 11/12;
• 19390, 175, SM Energy, Broderson 13-35H, t2/11; cum 168K 11/12; 
• 19890, 884, Denbury Onshore/Encore, Johnson 31-6SWH, 15,000 bbls in June, 2011; t5/11; cum 114K 11/12;
• 20012, 1,261, Denbury Onshore/Encore, Sorenson 34-32NWH, t8/11; cum 111K 11/12; 
• 20096, 626, Denbury Onshore/Encore, Johnson 11-5SEH, t8/11; cum 99K 11/12; 

Other wells of interest in the Siverston field:

• 17439, 376, Denbury Onshore, McCoy 44-36H, tested 11/08; 79K as of June, 2011; cum 100K 11/12;
• 18741, 407, Newfield, Dahl 1-5H, tested 7/10; 54K in first year; 17-stage frac; fracked 7/10; erratic production -- 2K (9 days, first month); 3K (21 days 2nd month); 2K (6 days 3rd month); 12K (full month, October, 2010); then 8K, 5K, 5K, 4K in each succeeding month; cum 86K 11/12;
• 19179, 2,674, Newfield, Johnsrud 150-98-6-7-1H, tested 11/10; 97K in about 9 months; cum 176K 12/12;

Permits

2016 (as of October 11, 2016)
33049, loc, Oasis, Patsy 5198 14-17 13B,
33048,
33047,
33041,
33040,
33039,
33038,
32949,
32948,
32759,
32758,
32757,
32619,
32516, conf, XTO, Lundin 11X-15F,
32515, conf, XTO, Lundin 11X-15AXB,

Issued in 2015 (list is complete)
32416, conf, XTO, Hartel 14X-23BXC,
32373,
32372,
32371,
32370,
32368,
32307, SI/NC, XTO, Lund 41X-17XHE,
32306,
32305,
32304,
32303,
32255,
32254,
32248,
32247,
32246,
32245,
32244,
32343,
32242,
32241,  SI/NC, Oasis, Forland 5198 41-33 3B,
32240,
32239,
32210,
32209,
32151,
32018,
32017,
32016.

31992,

31991,

31990,  SI/NC, Oasis, Rolfson S 5198 12-29 6TPNC,

31989, 

31971, 

31970, 

31969,
31837, conf, XTO,
31788,
31787,
31786,
31785, conf, XTO,
31638,
31637, conf, XTO,
31609,
31608,
31607,
31606, loc, Oasis,
31597,
31596, conf, XTO,
31486,
31485,
31484,
31483,
31482,
31481,
31480, loc, Oasis,
31338,
31337,
31336,
31335,
31334,
31333,
31332,
31331,
31330,
31329,
31328,
31327, loc, Oasis,
31245, conf, XTO,
31147,
31146,
31145,
31144,
31143,
31142, conf, XTO,
31095,
31094,
31093,
31092,
31091, conf, XTO,
30987, loc, XTO,
30986, loc, XTO,
30985, loc, XTO,
30884, loc, XTO,
30883, loc, XTO,
30882, loc, XTO,
30816, loc, XTO,
30815, loc, XTO,
30814, loc, XTO,
30813, loc, XTO,
30752 loc, XTO,
30751, loc, XTO,
30750, conf, XTO,
30749, conf, XTO,
30402, conf, XTO,
30399, conf, Newfield, Johnsrud 151-98-30-31-4H, 
30398, conf, Newfield,
30397, conf, Newfield,

Issued in 2014 (the list is complete)
30341, 1,742, XTO, Lundin 14X-33A, t9/15; cum 80K 8/16; 
30340, 1,677, XTO,
30339, 1,147, XTO,
30285, SI/NC, XTO,
30176, SI/NC, XTO,
30175, SI/NC, XTO,
30174, SI/NC, XTO,
30173, SI/NC, XTO,
29584, 2,057, XTO,
29583, 316, XTO,
29582, 1,598, XTO,
29579, 1,270, XTO,
29578, 1,479, XTO,
29577, 1,290, XTO,
29576, 1,184, XTO,
29438, 1,344, XTO,
29437, 2,180, XTO,
29436, 1,255, XTO,
29207, conf, Newfield,
29206, conf, Newfield,
29205, conf, Newfield,
29167, DRY, Oasis, Patsy Pow 5198 33-5, Three Forks,
29074, 1,400, XTO,
29060, 1,933, XTO,
29059, 1,849, XTO,
29058, 1,728, XTO,
29057, 1,973, XTO,
29017, 1,187, XTO, Johnson Federal 11X-5F, t5/15; cum 11K 6/15;
29016, 1,558, XTO,
29015, 1,782, XTO,
28948, PNC, Newfield,
28947, 1,500, Newfield, Johnsrud 151-98-30-31-5H, t9/15; cum 113K 8/16;
28887, 1,747, XTO, Johnson 24X-31XH, 4 sections, t3/15; cum --
28743, 1,581, XTO, Johnson 24X-31F, 2 sections, t3/15; cum --
28742, 1,335, XTO, Johnson 24X-31E, 2 sections, t3/15; cum --
28741, 1,958, XTO, Johnson 24X-31A, 2 sections, t3/15; cum --
28607, 483, Newfield, Syverson 150-99-36-25-10H, t10/14; cum 43K 2/15;
28606, 637, Newfield, Gariety 150-99-36-25-11H, t10/14; cum 44K 2/15;
28381, 1,821, XTO, McCoy 44X-23H, t4/15; cum 21K 6/15;
28380, 1,935, XTO,
28379, 1,336, XTO,
28320, PNC, XTO, 9/14 (slump in oil prices)
28319, PNC, XTO,
28318, PNC, XTO,
28313, 2,012, XTO, Hoffmann 14X-12A, t12/14; cum 37K 2/15;
28312, 1,743, XTO, Hoffmann 14X-12E, t12/14; cum 26K 2/15;
28311, 1,429, XTO, Hoffmann 14X-12B, t12/14; cum 30K 2/15;
28302, 2,065, XTO, Omlid 41X-13C, t2/15; cum 14K 2/15;
28301, 1,735, XTO, Omlid 41X-13G, t1/15; cum 13K 2/15;
28300, 1,818, XTO, Omlid 41X-13D, t2/15; cum 14K 2/15;
28299, 1,749, XTO, Omlid 41X-13H, t1/15; cum 17K 2/15;
28150, 1,651, XTO, Dave 11X-16E, t9/14; cum 54K 2/15;
28149, 2,566, XTO, Dave 11X-16A, t9/14; cum 92K 2/15;
27977, 1,790, Oasis, White 5198 13-6 14T, t10/14; cum 94K 2/15;
27976, 958, Oasis, White 5198 13-6 13T3, t10/14; cum 16K 2/15;
27975, 1,722, Oasis, White 5198 13-6 12B, t10/14; cum 154K 2/15;
27763, 1,569, Oasis, White 5198 12-6 4T2, t10/14; cum 98K 2/15;
27762, 529, Oasis, White 5198 12-6 3T, t10/14; cum 106K 2/15;
27761, 317, Oasis, White 5198 12-6 2T3, t10/14; cum 30K 2/15;
27760, 772, Oasis, White 5198 12-6 1T2, t10/14; cum 17K 2/15;
27513, 1,595, XTO, Serrrahn 41X-6H, t7/14; cum 49K 2/15;
27512, 1,652, XTO, Serrahn 41X-6D, t7/14; cum 68K 2/15;
27510, 1,201, Newfield, Syverson 150-99-36-25-3H, t9/14; cum 57K 2/15;
27509, 1,222, Newfield, Syverson 150-99-36-25-2H, t10/14; cum 67K 2/15;
27482, 735, Newfield, Gariety 150-99-36-25-4H, t10/14; cum 55K 2/15;
27481, 955, Newfield, Gariety 150-99-36-25-5H, t10/14; cum 58K 2/15;

Issued in 2013 (list complete, I believe)

27204, 2,290, XTO, McCoy 44X-36C, t6/14; cum 111K 2/15;
27203, 1,307, XTO,
27178, 1,921, XTO, Cherry Creek State 44X-36D, t6/14; cum 83K 2/15;
27177, 1,943, XTO,
26947, 1,980, XTO, Lucy 14X-32B, t6/14; um 87K 2/15;
26946, 1,806, XTO,
26945, 1,978 XTO,
26831, 2,379, XTO, Rolfson 14X-34A, t12/14; cum 59K 2/15;
26830, 2,443, XTO,
26829, 2,085, XTO,
26828, 2,097, XTO,
26804, conf, XTO,
26803, conf, XTO,
26802, conf, XTO,
26750, 615, SM Energy, Rick 16X-12H, t4/14; cum 64K 2/15;
26653, 2,926, XTO, Jan 14X-34A, t10/14; cum 76K 2/15;
26652, 2,086, XTO,
26651, 2,932, XTO,
26650, 1,075, XTO,
26468, 946, Newfield, Scott 150-99-13-24-5H, t5/14; cum 39K 7/14;
26467, 1,007, Newfield, Scott 150-99-13-24-4H, t5/14; cum 41K 7/14;
26457, 1,236, XTO, Broderson 31X-27D, t5/14; cum 12K 7/14;
26456, 3,072, XTO, Broderson 31X-27H, t6/14; cum 25K 7/14;
26455, 477, XTO, Broderson 31X-27C, t5/14; cum 15K 7/14;
26454, 1,666, XTO, Broderson 31X-27G, t7/14, cm 14K 7/14;
26305, 1,715, Newfield, Holm 150-98-8-5-4HR, 32 stages; 3.6 million lbs, middle Bakken; R= revised permit, I believe; no suggestion this was a "re-entered" well; t12/13; cum78K 7/14;
26009, DRY, Newfield, Holm 150-98-8-5-4H,
25864, 1,425, Newfield, Holm 150-98-5-8-3H, t3/14; cum 66K 7/14;
25863, 637, Newfield, Holm 150-98-5-8-10H, t3/14; cum 41K 7/14;
25862, 1,312, Newfield, Holm 150-98-5-8-2H, t3/14; cum 62K 7/14;
25838, 2,413, XTO, Duke 34X-31A, t3/14; cum 71K 7/14;
25837, 2,595, XTO, Duke 34X-31I, t3/14; cum 43K 7/14;
25836, 2,595, XTO, Duke 34X-31B, t2/14; cum 72K 7/14;
25835, 1,601, XTO, Duke 34X-31F, t4/14; cum 43K 7/14;
25825, 1,751, Newfield, Holm 150-98-17-20-3H, t1/14; cum 82K 7/14;
25824, 1,248, Newfield, Holm 150-98-17-20-4H, t12/13; cum 70K 7/14;
25423, 2,798, XTO, Alice 44X-34H, t2/14; cum 63K 7/14;
25422, 2,757, XTO, Alice 44X-34D, t2/14; cum 68K 7/14;
25271, 1,435, Newfield, Holm 150-99-13-24-2H, t8/13; cum 104K 7/14;
25270, 1,798, Newfield, Holm 150-99-13-24-3H, t8/13; cum 88K 7/14;
25268, 311, Hess, BW-Rolfson-151-98-2116H-5, t11/13; cum 26K 7/14;
25267, 989, Hess, BW-Rolfson-151-98-2116H-4, t11/13; cum 76K 7/14;
25266, 900, Hess, BW-Rolfson-151-98-2116-3, t11/13; cum 66K 7/14;
25265, PNC, Hess, BW-Rolfson-151-98-2116H-2,
25229, 2,302, XTO, Koeser 41X-15H, t10/13; cum 98K 7/14;
25228, 2,371, XTO, Koeser 41X-15G, t10/13; cum 80K 7/14;
25227, 1,963, XTO, Koeser 41X-15C, t10/13; cum 84K 7/14;
25111, 2,869, XTO, Lundin 41X-14D, Siverston, t10/13; cum --
24998, 1,565, Newfield, Lawlar 150-98-18-19-3H, t7/13; cum 31K 8/13;
24997, 1,820, Newfield, Lawlar 150-98-18-19-4H, t7/13; cum 35K 8/13;
24996, 1,541, Newfield, Lawlar 150-98-18-19-2H, t7/13; cum 32K 8/13;
24942, 2,035, XTO, Sax 41X-26H, t8/13; cum 37K 9/13;

24941, 1,847, XTO, Sax 41X-26C, t8/13; cum 34K 9/13;

24933, 1,908, XTO, Lundin 41X-14C, Siverston, t9/13; cum 20K 10/13;
24932, 1,956, XTO, Lundin 41X-14G, Siverston, t9/13; cum 17K 10/13;

24852, 1,434, XTO, Rolfson 11X-16E, t6/13; cum 43K 9/13;

24851, 1,965, XTO, Rolfson 11X-16A; t6/13; cum 63K 9/13;

Issued in 2012

24656, 882, SM Energy, Hartel 1-26HB, t8/13; cum 33K 9/13;

24655, 838, SM Energy, Hartel 1X-26H, t8/13; cum 33K 9/13;

24654, 881, SM Energy, Hartel 1-26HA, t8/13; cum 32K 9/13;

24524, 896, SM Energy, Koeser 4X-26H, t2/14; cum 68K 7/14; 

24447, 828, SM Energy, Lucille 1X-27H, t2/14; cum 69K 7/14; 

24446, 851, SM Energy, Lucille 1-27H, t2/14; cum 79K 7/14; 

24404, 685, SM Energy, Koeser 3X-26HA, t8/13; cum 30K 9/13;

24403, 1,045, SM Energy, Koeser 3-26H, t8/13; cum 38K 9/13;

24402, 858, SM Energy, Koeser 3X-26HB, t8/13; cum 34K 9/13;

24044, 932, SM Energy, Didrick 4-27HA,  t5/13; cum 52K 9/13;

24043, 605, SM Energy, Didrick 4X-27H, t5/13; cum 32K 9/13;

24042, 730, SM Energy, Didrick 4-27HB,  t7/13; cum 40K 9/13;

24041, 676, SM Energy, Broderson 2X-27HA,  t5/13; cum 51K 9/13;

24040, 807, SM Energy, Broderson 2-27H, t5/13; cum 72K 9/13;

24039, 639, SM Energy, Broderson 2X-27HB, t5/13; cum 47K 9/13;

23908, PNC, Newfield, Johnsrud 150-98-6-7-3H, 32K first two months;

23907, PNC, Newfield, Johnsrud 150-98-6-7-10H,

23906, 1,883, Newfield, Johnsrud 150-98-6-7-2H, t7/13; cum 98K 7/14;

23835, 1,967, XTO, Lundin 44X-11D, t5/13; cum 72K 9/13;

23834, 3,458, XTO, Lundin 44X-11H, t4/13; cum 84K 9/13;

23661, 1,255, XTO, Lee 44-31NWH, t3/13; cum 62K 9/13;

23660, 2,699, XTO, Lee 44-31NEH, t3/13; cum 81K 9/13;

23656, 327, XTO, Hegg 11-29SH, t4/13; cum 13K 9/13;

23655, 2,021, XTO, Hegg 11-29SWH, t8/13; cum 26K 9/13;

23413, 2,400, XTO, Hegg 21-29SH, t7/13; cum 39K 9/13;

23257, 776, SM Energy, Holm 16X-12HB Dorothy 16-12H, t4/14; cum 70K 7/14;

23256, 642, SM Energy, Holm 16X-12HA Arnold 16X-12H, t4/14; cum 39K 7/14;

23122, 791, SM Energy, Holm 13-12H, t2/13; cum 87K 9/13;

23121, 758, SM Energy, Holm 14X-12HA, t2/13; cum 68K 9/13;

23042, 499, XTO, Gilbertson 41-16SH, t11/12; cum 54K 9/13;

23041, 932, XTO, Gilbertson 41-16SEH, t11/12; cum 64K 9/13;

22977, 944, SM Energy, Holm 14-12HA, t12/12; cum 125K 9/13;

22976, 665, SM Energy, Holm 14X-12H, t12/12; cum 75K 9/13;

22975, 951, SM Energy, Hollm 14-12HB, t12/12; cum 147K 7/14;

22832, 1,739, XTO, GV 44-32NEH, t11/12; cum 80K 9/13;

22611, 638, XTO, Gilbertson 31-16SWH, t1/13; cum 32K 9/13;

22610, 950, XTO, Gilbertson 31-16SEH, t11/12; cum 72K 9/13;

22390, 1,252, XTO, Lund 26-18SH, t7/12; cum 66K 9/13;

22206, 878, XTO, Lundin 11-4SH, t712; cum 45K 9/13;

22202, 2,104, Zenergy, Johnsrud 19-18H, t5/12; cum 154K 7/14; 

Issued in 2011

22115, 1,505, XTO, Lundin 41-14SWH, t6/12; cum 57K 9/13; taken off-line 2/13;

22006, 855, Hess, BW-Rolfson-151-98-2116H-1, t6/12; cum 123K 9/13;

21950, 712, XTO, Johsnrud 21-13SEH, t4/12; cum 51K 9/13;

21706, 2,002, XTO, Lundin 11-13SEH, t4/12; cum 139K 9/13;

21683, 1,454, XTO, Lund 44-8SH, t5/12; cum 63K 9/13;

21682, 968, XTO, Lund 44-8NH, t712; cum 90K 9/13;

21657, 1,844, Zenergy, Forland 28-33H, t3/12; cum 159K 9/13;

21602, 732, XTO, Amundson 44-22NWH, t6/12; cum 48K 9/13;

21598, 1,570, XTO, Johnson 24-31NEH, t3/12; cum 117K 9/13;

21401, 1,968, Newfield, Charlotte 150-98-17-20-2H, t3/12; cum 124K 9/13;

21365, PNC, Zenergy, Johnsrud 19-18HX,

21085, 933, XTO, Satter 24-35NEY, t1/12; cum 162K 9/13;

21084, 1,497, XTO, Satter 24-35SEH, t1/12; cum 161K 9/13;

20895, 2,301, Newfield, Syverson 150-99-36-25-1H, t10/11; cum 169K 9/13;

20862, 1,609, XTO, McCoy 44-23NWH, t9/11; cum 147K 9/13;

20835, 780, XTO, Sorenson 31-28SWH, t1/12; cum 120K 9/13;

20770, 1,514, XTO, Serrahn 41-6SWH, t11/12; cum 132K 9/13;

20751, PNC, Zenergy, Rink 13-24H,

20732, 1,718, Zenergy, White 6-7H, t11/11; cum 164K 9/13;

20689, 1,202, Zenergy, Patsy 5-8HTF, t11/12; cum 79K 9/13;

20683, 1,419, XTO, Satter 31-1SWH, t11/11; cum 121K 9/13;

20680, PNC, Zenergy, XX Forland 28-33H,

20354, 1,200, CLR, Vardon 1-14H, t7/11; cum 148K 9/13

20335, 2,370, Newfield, Holm 150-99-13-24-1H, t8/11; cum 274K8/16;

Updates

June 30, 2013: XTO to drill up to 300 wells in the Siverston, July, 2013, hearing dockets.

Original Post

Newfield is reporting some nice wells from the Siverston field. So, with that, it is time to provide a bit of background regarding the Siverston field.

The Siverston field is another typically small field in the Williston Basin. It is just a bit bigger than two townships, totaling 68 sections as of today (January 31, 2011):

• 26 sections in T151-R98
• 36 sections (the entire) T150-98
• 6 sections T150-99

Watford City is in the far west, near the south of the field, in T150-98, sections 17, 18, 19, and 20.

Just north of Watford City -- and when I saw "just north," I mean "just north" -- less than one mile north of the northern edge of Watford City is a string of wells running west to east, two of them complete, or at least having reported IPs:

• 20335, 2,370, Newfield, Holm 150-99-13-24-1H, t8/11; cum 274K 8/16;
• 20017, 2,502, Newfield, Hoffman 150-98-18-19-1H, t8/11; cum 240K 8/16;
• 18641, 1,856, Newfield, Megamouth 1-8H, 2,519, 50K in first 7 months; t8/10; cum 143K 8/16;
• 19112, 2,526, Newfield, Charlotte 150-98-17-20-1H, 3,311, 50K in first 3 months; t11/10; cum 296K 8/16;
• 19594, 1,411, XTO/Denbury Onshore/Encore (DNR), Rolfson 21-16SEH, t10/11; cum 267K 8/16;
• 20097, 1,667, XTO/Denbury Onshore/Encore (DNR), Lundin 11-15SEH, t7/11; cum 269K 8/16;

The two Newfield wells, Megamouth and Charlotte, are right across the section line from each other, both long laterals, one running north, one running south.

In all, there are 19 wells on the confidential list in Siverston field. There are three rigs on site in this field (April 16, 2011).

Surprising Madison Well In North Dakota -- Paid For Itself in 3 Months? -- North Dakota, USA

Update

• 19315, 1,038, Petro Harvester/Sagebrush, Rice 11, Renville, Madison (not a Bakken), s7/10; t8/10; cum 66K 10/11

Original Post

This is at least the third time I have posted this story (sorry). But this is so interesting, so exciting (at least to some of us) that I felt it deserved a stand-alone post, a real surprise:

• 19315, 1,038, Sagebrush, Rice 11, Renville, Madison (not a Bakken), 37K in first 3.5 months
• This is a Madison well; at a total depth of 6,533 feet it should be a vertical well
• If this is a vertical well, and with a cumulative 37K at $75/bbl, this well may have already paid for itself (37,000 * $75 = $2.8 million) 
• Can a vertical well to 6,500 feet be drilled for less than a million bucks? I don't know
• Generally Madison wells have IPs of 200 or so, at least in my mind (I could be wrong), but I don't recall ever seeing a Madison well with an IP over 1,000 bbls; I'm sure someone will write in to explain what's going on, or even an error in reporting. But for now, pretty exciting. If it's accurate, it reminds me of my posting how it only takes one well to be a game-changer for a small producer

On the other hand, the Sagebrush Rice well in the very next section had a more typical IP for a Madison well, but still significantly more than what I would have expected:

• 19314, 555, Sagebrush, Rice 10, Renville, Madison (not a Bakken)

These wells are less than 30 miles from where EOG was targeting the Spearfish (Bottineau county).

I am being told, that based on the well files, both of these wells (19314 and 19315) have two (2) laterals about 15 degrees apart. They were drilled to just over 4,200 feet deep and the laterals are aobut 2,000 feet. The laterals follow a slightly downward slope, but not more than a few feet.

Call me naive, but one would have thought there wouldn't be much more oil in this section, 8-T161N-R82, with thirteen (13) producing wells in this section. Each of these wells, in this one section, has at least two laterals, some as many as five laterals. In the neighboring section, there is a well with six laterals.

There is currently a fourteenth well being drilled and almost completed in this section:#13884, Rice Trust 1.

Here we go!

A Couple of Great Wells Reported Today -- Bakken, North Dakota, USA

An interesting mix of wells are being reported today in the North Dakota Bakken.

First, the"great" wells:

• 19093, 1,960, Tracker, Bice 6-31-1TH, Big Gulch, Bakken; Big Gulch is an 8-section field forming the eastern border of Little Knife field, southwest of the reservation; Tracker is now part of Hess
• 19179, 2,674, Newfield, Johnsrud 150-98-6-7-1H, Siverston, Bakken

Then, a real surprise:

• 19315, 1,038, Sagebrush, Rice 11, Renville, Madison (not a Bakken), 37K in first 3.5 months
• This is a Madison well; at a total depth of 6,533 feet it should be a vertical well
• If this is a vertical well, and with a cumulative 37K at $75/bbl, this well may have already paid for itself (37,000 * $75 = $2.8 million)
• Generally Madison wells have IPs of 200 or so, at least in my mind (I could be wrong), but I don't recall ever seeing a Madison well with an IP over 1,000 bbls; I'm sure someone will write in to explain what's going on, or even an error in reporting. But for now, pretty exciting. If it's accurate, it reminds me of my posting how it only takes one well to be a game-changer for a small producer

On the other hand, the Sagebrush Rice well in the very next section had a more typical IP for a Madison well, but still significantly more than what I would have expected:

• 19314, 555, Sagebrush, Rice 10, Renville, Madison (not a Bakken)

The CLR Wiseman well in the small Hebron field northwest of Williston was mediocre:

• 19212, 457, CLR, Wiseman 1-31H, Hebron, Bakken

Obviously something doesn't make sense with the MRO Casey Kukla well; possibly not fracked yet

• 17903, 17, MRO, Casey Kukla USA 21-6H, Murphy Creek, Bakken

The other wells reporting today are unremarkable:

• 19109, 572, EOG, Burke 32-05HX, Ross, Bakken
• 18645, 702, XTO, Roedeske Federal 12X-21, MonDak, Bakken

China and Chesapeake: First Texas' Eagle Ford, now Wyoming/Colorado Niobrara

China continues to increase its presence in the US oil patch.

CNOOC, China's state-owned oil and gas company, bought a one-third stake in Chesapeake Energy's Niobrara play in northeast Colorado/southeast Wyoming. CNOOC paid $570 million to operate the 800,000-acre project in two basins in the Niobrara. [This deal closed Wednesday, February 16, 2011.]

CNOOC will pay two-thirds of the drilling costs, up to an additional $697 million.  The total would be about $1.3 billion.

This is the second deal in recent months in which China has bought into America's oil patch. The first was back in October (2010) in which CNOOC paid $1 billion for a one-third stake in Chesapeake's project in the Eagle Ford, south Texas.

At Least Five (5) Years To Get Environomental Impact Statement on Federal Land

The administration's folks are in Wyoming to talk about the president's push for renewable energy (wind energy).

Among many issues to be discussed is how long it takes to get anything done on Federal land.

A spokesman said it can often take at least five years to get an environmental impact statement for a long transmission line — an important step in the line's construction.

And folks wonder why it takes so long to get anything done in Washington.

Hess Plans To Double Bakken Production by Year-End

This was previously posted, but it's easy for folks to lose sight of the bubble with all that gets posted.

Bottom line: Hess plans to double Bakken production by year-end.

Here's another story; another link.

XOM Earnings: 4Q10

CNBC reporting XOM beats expectations by fairly wide mark: $1.85 vs $1.63. Revenues $105.2 billion vs $99.112 billion.

Profits up 53 percent. Best quarter since 3Q08.

Although most of us see natural gas stuck at low prices, talking heads on CNBC today (January 31, 2011) are suggesting that "we" could see moves in the price of natural gas (up) and that XOM's purchase of XTO may have been very "prescient" -- their word, not mine. 

Meanwhile, other news in the sector, Brent oil breaks through $100 and WTI oil approaches $92 again.