Tuesday Morning Links; Several Nice Wells; Three Incredible Strobeck Wells (BEXP); New Permits Continue to Impress

I'm back. Sort of. I don't have my databases or bookmarks because I don't have my trusty laptop. I left that with my wife for a few weeks. It will take awhile to get back up to speed.

I brought the granddaughters back to Boston; it was a nice trip. My wife will join us in a couple of weeks. She enjoys California and deserves a rest after all the work she did entertaining the rest of us. It was quite a month. Maybe more on that later. I know how much Chester enjoys reading about my non-Bakken activities.

******************************

First the all-important energy links:

• RBN Energy: continues their discussion of the weekly "oil numbers." The recent Venezuela refinery fire and tropical storm Isaac are touched upon. 

Mike Filloon weighs in with two articles on the Bakken:

• a look at the recent QEP deal; and,
• a look at costs coming down in northeast McKenzie County

Northeast McKenzie County is the heart of the Bakken. It is where Bakken activity is moving to; I suggested some time ago that 2012 would be the year operators would be focusing on McKenzie County after quite a run in Mountrail. Watford City is the operations center for northeast McKenzie County.

******************************

Daily Williston Basin Operations Report

Active rigs: 190 (two above the recent low)

I posted the results of the wells that came off the confidential list over the weekend and Monday, earlier.

In addition to those wells, the following producing wells reported their results:

• 12840, RM Resources/Texaco/old Anschutz well; drilled back in 1990; Bakken well; IP, 6; cum 5K; now converted to salt water disposal
• 19878, 188, KOG/North Plains, Holland 9-19H, Bakken, wildcat, t7/12; cum --
• 20143, 1,794, XTO, FBIR Lawrence 24X-26, Heart Butte, t5/12; cum 31K 6/12;
• 21178, 776, CLR, Lokken 4-2H, Stoneview, t5/12; cum 29K 6/12;
• 21621, 2,551, BEXP, Strobeck 27-34 6H, Alger, t7/12; cum --
• 21622, 2,020, BEXP, Strobeck 27-34 7H, Alger, t7/12; cum --
• 21623, 2,071, BEXP, Strobeck 27-34 8TFH, Alger, t7/12; cum --
• 21673, 23, SM Energy, Bogner 13-20H, wildcat, t7/12; cum --
• 21739, 633, Zavanna, Kepner 9-4 1H, Glass Bluff, t7/12; cum --
• 21878, 1,754, BEXP, Groethe 27-34 1H, Squires, t6/12; cum 14K 6/12;
• 22295, 1,187, Whiting, Pennington 41-4H, Sanish, t7/12; cum -- 

Thirteen (13) new permits issued yesterday (Monday), continuing a string of several days of two-digit number of new permits

• Operators:  BEXP (7), Abraxas (4), Helis, GMX Resources
• Fields: Bennett Creek (McKenzie), Painted Woods (Williams), Grail (McKenzie), Pershing (McKenzie)

The BEXP permits are all in Painted Woods, and four of them will be TF wells. It looks like these will be two 4-well pads in NWNE quadrant of section 26-154-103. BEXP already has one producing well in this section:

• 18906, 2,640, BEXP, Michael Owan 26-35 1H, Painted Woods, t7/10; cum 116K 6/12;

There is also another well in this section on the confidential list; it appears to be a salt water disposal well.

The three Pershing field permits belong to Abraxas. I haven't done a stand-alone post on Pershing (yet), but it is in the heart of the Bakken, not far from where QEP just acquired 27,600 acres for $30,000 - $40,000/acre.