SM Energy -- Heart of the Bakken -- Poe Oil Field -- North Dakota, USA

It looks like it is time for a stand-alone post, an update, on SM Energy and its activity in the heart of the Bakken.

First, look at this link.

Then the first comment to that post:

SM Energy will be moving forward on an aggressive drilling plan in the area around this well. Look for two or three 3-well pads per 1280-acre spacing unit with common tank batteries with pipelines for oil, gas, salt, and freshwater. If you look at the numbers for the Jaynes (blowout), Leiseth, Leiseth, and Stenberg wells you can see why they want to get moving on these.

• 20022, 1,067, SM Energy, Jaynes 16-12H, Poe, s12/10; t6/11; pump; cum 67K 2/12;
• 20318, 727, SM Energy, Leiseth 16-13H, Poe, s6/11; t9/11; pump; cum 83K 2/12 -- 83K in less than 5 months since test;
• 20497, 1,164, SM Energy, Leiseth 1-24H, Poe, s10/11; t1/12; F; cum 49K 2/12 -- almost 50K in less than 2 months since test;
• 20733, 877, SM Energy, Stenberg16-8H, Poe, pump, s7/11; t9/11; cum 60K 2/12; 20 stages; 2.9 million lbs sand; the file report shows only one lateral; the NDIC summary shows two production lines (do not know why)

Status of permits, 2012:

• SM Energy -- 13 permits so far in 2012 (according to my database; could be off by one or two, but unlikely)
• So far, no 2012 permits in Poe oil field
  

Status of permits, 2011:

• SM Energy -- 29 permits in 2011 (according to my database; could be off by one or two, but unlikely)
• One 2011 permit was in Poe oil field:
• 21258, DRL, SM Energy, Nora 13-9H,  Poe, s8/11; cum 62K 2/12 -- note -- has produced 62,000 bbls and not yet reported an IP; still on DRL status; probably fracked 11/11