Sunday, January 27, 2013

Active Rigs: 191

Very interesting -- now up to 191 active rigs in North Dakota.

"We" were last at 191 last August 22, 2012. It was during the summer / autumn 2012 "we" were in quite a "free fall" in the rig count. 

Active rigs on the NDIC list tonight; it's a dynamic list; most comments below based on data from "Snapshot." Note OXY USA. Also note the significant increase in the number of Whiting rigs.
  • BEXP: 13
  • BR: 10
  • CLR: 17 -- has had as many as 21 in ND (24 in ND + MT)
  • EOG: 5 -- holding steady since 2011
  • Fidelity: 6 -- I think this is at the higher end for Fidelity; last summer: 5
  • Hess: 16 -- see comments regarding this number of rigs; in press release, Hess says 14 rigs;
  • KOG: 8 -- at high end
  • Oasis: 8 -- at one time had planned to exit 2012 with 10 rigs
  • OXY USA: 5 -- either planned or had 15 rigs back in January, 2012
  • Petro-Hunt: 12
  • QEP: 5
  • Slawson: 3
  • SM Energy: 4
  • Whiting: 19
  • WPX: 5
  • XTO: 6
  • Zenergy: 4

6 comments:

  1. You might have covered this.

    http://www.land.nd.gov/minerals/Docs/201302auctionlist.pdf

    I don't recall nominator names before. This is much more interesting.

    Not much good stuff left.

    But, see Ward County.

    QEP must stand for river.

    anon 1

    ReplyDelete
    Replies
    1. No, I had not seen that yet. But you are correct: very, very interesting -- you hit all the high points:

      a) not much left
      b) QEP and the river
      c) almost 7,000 acres in Ward County; there's absolutely nothing there yet (in the big scheme of things) though there are some unremarkable oil fields in the area; south of Des Lacs; west of Minot.

      Not it's just a matter to see what the bonus to be paid will be.

      Delete
  2. http://www.star-telegram.com/2013/01/27/4578915/as-drilling-increases-so-do-royalties.html

    "we just formed a North Dakota chapter"

    anon 1

    ReplyDelete
    Replies
    1. That is really quite interesting: the Bakken is an "oil" field; it is not considered a "natural gas" field and yet the amount of natural gas is not inconsequential.

      Hopefully they will put up a website so we can follow chapter activities.

      Delete
  3. What I find curious is, looking at the latest active rig list, there are 19 rigs listed with a start date more than 45 days ago, including 7 with a date in October or November. There are also 3 rigs shown with a start date of January 2012, but I'm going to assume that's a result of someone mistakenly entering the year 2012 instead of 2013.

    ReplyDelete
    Replies
    1. You are probably correct. I don't spend much time on details (and that's why I make a lot of errors, etc), looking at the bigger picture. But you are correct: the list is very dynamic and can change the same day.

      For me there was a lot of angst when the rigs fell precipitously from 218 to 179. I've talked about rig counts and their (in)significance in an earlier post.

      Delete

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