North Fork Oil Field

Updates

October 16, 2012: I see Abraxas has a 4-well pad in Pershing oil field --
23622, 1,225, Abraxas, Lillibridge 20-17-1H, Pershing, t7/13; cum 190K 12/14;
23623, 1,040, Abraxas, Lillibridge 20-17-2H, Pershing, t7/13; cum 137K 12/14;
23624, 1,235, Abraxas, Lillibridge 20-17-3H, Pershing, t7/13; cum 173K 12/14;
23625, 1,275, Abraxas, Lillibridge 20-17-4H, Pershing, t8/13; cum 94K 12/14;

Original Post

Abraxas

• 21,000 net acres in the Bakken (ND + MT); 20,853, SeekingAlpha, 2011
• BEXP presentation says Abraxas has 20,853 net acres
• Nesson: 2,600 net acres; nice acreage
• Carter: 3,200 net acres; northeast of best Bakken; +/- value
• North Fork: 3,200 net acres; nice acreage
• Elkhorn Ranch: 2000 net acres; southwest North Dakota
• Elm Coulee: 440 net acres; where it all started in 2000
• Harding: 5,800 net acres; Williston area; nice area
• Sheridan: 3,000 net acres; Montana northwest of Williston (quality?)

File numbers for Abraxas go back to the 1980's.

The more recent Abraxas permits:

• 19249, PNC, Bonetrail, Duperow Pool,
• 19237, 862, Abraxas, Stenehjem 27-34-1H, Bakken, North Fork, t7/11; cum 125K 12/14;
• 19331, PNC, Bakken, North Fork,
• 19054, 1,008, Abraxas, Ravin 26-35-1H, North Fork, t1/11; cum 155K 12/14;
• 22996, 761, Abraxas, Jore Federal 2-11-3H, North Fork, t10/12; cum 132K 12/14;
• 22995, 1,160, Abraxas, Jore Federal 2-11-1H, North Fork, t6/14; cum 94K 12/14;
• 22994, 1,049, Abraxas, Jore Federal 2-11-4H, North Fork, t5/14; cum 105K 12/14;
• 22993, 790, Abraxas, Jore Federal 2-11-2H, North Fork, t6/14; cum 89K 12/14;
• 21995, 706, Abraxas, Ravin 26-35-3H, North Fork, t2/13; cum 76K 12/14;

North Fork is literally in the heart of the Bakken, about 10 miles southeast of Watford City. It is the most irregularly shaped oil field I have "reviewed" to date. It is about 40 sections -- squeezed in between Croff, Bear Den, Haystack Butte, Pembroke, Siverston, and Pershing -- all very good fields, and just south of the heart of the Bakken, the northeast corner of McKenzie County.