Updates
May 12, 2012: Update on RockPile in the Dickinson Press.
A Denver-based company will open its first hydraulic fracturing facility in July, and its goal is to hire 100 residents from southwestern North Dakota by the end of the year.
RockPile will be on Villard Street west of Dickinson.
The facility will hold 10 million pounds of fracking sand, Rough said. Though the equipment was brought up from Houston, trailers were made by Boespflug Trailers in Dickinson.
The company has enough equipment for two crews, Rough said, adding a full fleet costs about $25 million.
Original Post
Regardless, here's the full story: a new fracking company, RockPile Energy Services, LLC, is a new fracking company in the Bakken; Triangle Petroleum is its majority owner.
RockPile Energy Services LLC, a newly created entity focused on providing pressure pumping and ancillary services in the Williston Basin, was formed by Triangle Petroleum Corp. Triangle also added Gus Halas to its board of directors.Huge.
Triangle will be the majority owner of RockPile Energy Services, which will be headquartered in Denver, CO, with field operations in both Dickinson and Williston, ND.
Proceeds from the offering will be used to purchase equipment for one pressure pumping spread, to build a rail-based proppant receiving terminal in Dickinson, and for general and corporate purposes.
RockPile has appointed Curt Dacar as its chief operating officer. Originally from Dickinson, he spent nearly 32 years with Schlumberger, where he was involved in all aspects of the management of the pressure pumping value chain. Most recently, he worked with Occidental Petroleum in its Williston Basin completions program. RockPile is also currently interviewing candidates for additional key roles.
I am amazed at the aggresive path that Triangle is taking in the Bakken. This company is staffed with highly knowledgeable individuals and they appear to have a plan to successfully drill and complete wells in a timely manner while holding down costs by the utilization of multi well pads. It appears their plan includes the top leasing of expiring mineral leases while their drilling program will be to drill four or more wells on a spacing unit before moving to the next lease. This will be an interesting company to watch over the next couple of years.
ReplyDeleteIt's becoming more and more obvious that if a company wants to ensure its viability in the Bakken, it needs to have guaranteed access to fracking. The smaller companies and the new companies are probably at the end of the queue for scheduling fracking, and thus are smart to establish their own fracking companies.
ReplyDeleteRockpile is a fracturing company so they could get contracts with multi well pads. Therefore reducing the cost to frac the well as the company will not have to pay for mobilization of an entire fleet to another job site. They will have a learning curve come winter time as its not the same
ReplyDeleteYes, they will be interesting to watch.
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