Eternal not so .... well, er, eternal
When you look at the GIS map server, this jumps out at you: all the activity in northwestern North Dakota. Compared to the rest of the state it may not be all that much, but when this boom began there was very little activity this far north/west. Now a quick glance reveals no fewer than seven (7) rigs up in this area, and represented by multiple companies. "ros" -- rig on site.
- 22231, ros, SM Energy, Torgeson 2-30HNA, West Ambrose, Divide,
- 22385, ros, Crescent Point, CPEC Elgaard 32-31-164N-100W, Colgan, Divide,
- 21871, ros, American Eagle/Eternal Energy, Cody 15-11-163-101, Colgan, Divide,
- 20802, ros, Samson Resources, Charger 7-6-162-98H, Ambrose, Divide,
- 22053, ros, Baytex, Randy Olson 8-5-161-98H 1PB, Plumer, Divide,
- 21948, ros, Baytex, Bentson 25-36-161-98H-1AP, Moraine, Divide,
- 21364, ros, CLR, Nordness 1-18H, Wildrose, Divide
Data points re: American Eagle Energy
- Merges with Eternal Energy, December 20, 2011
- Acquires all of Synergy Resources LLC prospects in Williston Basin Bakken and Alberta Bakken -- January 24, 2011
- CEO of American Eagle Energy is Richard Findley
- Richard Findley is credited with discovering Elm Coulee in Richland County, Montana
- Elm Coulee, 2000, started the Williston Basin boom in the Bakken
We are targeting energy resources in the North Dakota Bakken and Three Forks Formations; the Alberta Basin Bakken Source System located in Montana; and the Hardy Bakken Project located in Saskatchewan, Canada. American Eagle Energy's portfolio of properties, combined with management's expertise in the exploration, development and production of Bakken resources, will allow American Eagle Energy to quickly build stockholder value.According to their website this date, the company has seven (7) horizontal wells that are either being drilled or planned for the near future; they will be operated by either American Eagle or another "key" operator in the area.
If you go to the website (which is a very good website), check out the Spyglass and West Spyglass prospects. Note that "EERG" refers to Eternal Energy well sites. It is quite amazing to see all the activity in this part of the Basin.
So, much more than I had expected to write, but sheds a little light on activities in this part of the state.
Again, there may be errors in information presented above but I've tried to be as accurate as possible based on publicly released information.
Mike Filloon, over at SeekingAlpha.com has discussed American Eagle on several occasions, including: July 24, 2011; October 24, 2011.
I share an interest in this area, because it represents the most serious activity closest to my family minerals a township or two away.
ReplyDeleteFor what its worth, I note the significant activity of SM Emergy. In a 6 by 8 mile rectangle (14 wells in 163-100 plus 8 wells in the western 2 miles of 163-99) it has 22 wells, with status of either drilling, confidential, or active.
I ran out of time to check any further east. The last SM Emergy well to come off confidential status in this region had an IP of 767.
The blog has been rewarding for me because I've been able to see how various operators move from area to area. Before stepping out into northwestern North Dakota, SM was active in the heart of the Bakken (northeastern McKenzie County) in the Keene, Indian Hill, and Charlson fields. I expect to see more SM activity there before it's all over.
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