Operators: BEXP (5), Newfield (3), CLR (2), ERF (2), OXY USA, EOG, Sinclair
Fields: Eagle Nest, Manning, Banks, Oliver, Haystack Butte, Lone Butte, Ragged Butte, Ross
Seven (7) wells released from "tight hole" status; three were completed; four went to DRL status. Of the three reporting IPs:
- 20534, 439, G3 Operating, Poeckes 1-32-29H, Williams
- 20597, 2,522, Whiting, Norgard 21-13H, McKenzie
- 20677, 1,466, Whiting, Brehm 12-7TFH, Mountrail
The Poeckes number was originally posted as 1750 and then changed to 439. This is 10 miles from our family farm so this had me vacillating between quitting my job to "Oh that's nice".
ReplyDeletelarsgm@gmail.com
Yes, I apologize. I try to catch mistakes before I post them. Even worse, is when I miss mistakes until someone else points them out.
DeleteThe original (incorrect) number of bbls of water (regurgitating a lot of frack fluid).
On another note, even those who get rich off mineral rights, should still work, or do something productive with their lives. Work defines man, I believe.
Last year while traveling cross country, I had dinner on Amtrak with a multimillionaire who had never worked in his life. He inherited tons of Microsoft stock from his father. He paid for our meals; he was very free with his money, and he said he never, ever had to worry about money. He was taking Amtrak to tour the country. Sleepers on Amtrak are very, very expensive.
But he was absolutely the most boring man I had ever met. He had no real life experiences. He was a life-long tourist on the planet earth. Your mineral rights will take away some of your worries, make your life nice in some respects, but work or some productive activity is most important.
Regardless, I hope (sincerely, I am not being sarcastic), this is just the first of many wells on your land, and hopefully much better. Good luck. Thank you for taking time to comment, and again, sorry for my initial mistake.
Whiting is hitting some very nice wells in the area directly around and south of Arnegard. Hidden Bench is their name for the area. Several more already permitted and soon to be drilled.
ReplyDeleteI am convinced that the area from Alexander to the McKenzie/Williams County line northeast of Watford City, in other words, the northeastern area of McKenzie County is the heart of the Bakken.
DeleteHey Bruce,
ReplyDeleteThanks for the response, I really appreciate you doing the blog. Someone else said it is required reading and that is very true for me. I will be 50 this year, born and raising in Williston, went to college at NDSU with a EE degree. So I went to high school there during the last boom. I never got involved with the oil patch as some of my classmates did. I think it has worked out well and any oil money that comes in will just pad the 401K. It is easy to get excited about a big well though and it conjures up thoughts of doing different things like consulting vs. full time etc.. I do computer stuff all day so I have time to track your blog and ESER, NDIC, etc.. It really feels like a lottery ticket, we have leased up several years ago and just waiting now for a well. Our position is a bit unique in that we also own minerals in Canada just over the border along the Nesson anticline and well as some on the border of Williams and Divide county. Thanks again for your work here Bruce, really appreciated it.
Thank you for taking time to comment, especially so much on your background.
DeleteWith your EE background, if you can provide any insight on the technical stuff I might post, that is always welcome. I have no engineering background and I know it shows. But I sure do get a kick out of the Bakken.
Good luck on all your land/mineral rights. It has to be very, very exciting.
Hey Bruce,
ReplyDeleteReally appreciate your work here, it is required daily reading for me as well. Did not intend to come across as lazy and just looking for a payday. I was born and raised in Williston, graduated from NDSU with a EE degree (1986), have been working in computers since and moved to Arizona right after college. Decided not to farm or work in the oil patch, got an education and went out and did something with it. It has worked out well for me, will turn 50 this year, have 1 grand baby girl who just turned 3 this week. Any oil money I get will pad the 401K but seeing a close monster well is exciting. Need to buy you a coffee at Ecomart. I try and get back every fall for Pheasant hunting and sometimes for walleye fishing in the summer. Glad to see that the people who have stayed in Williston are now reaping a good financial reward from it. North Dakota people have a great work ethic and typically save their money so I see this oil thing as a blessing to the hard working farmers who some years do not get a crop in (like last year in Divide county). The people who turned 150 acres into a thousand or better are are real hero's and deserve this money more than anyone, problem is they are all dead now, so let's use the money for good causes and spend it wisely.
Cheers
I will hold you to that promise of having coffee together at the Economart with one proviso: we don't talk oil. Smile. Too many other interesting things (like hunting, fishing) to talking about. A well-kept secret in that part of the country: deep-lake fishing at Fort Peck Dam.
ReplyDelete