Monday, January 14, 2013

Twenty (20) New Permits -- The Williston Basin, North Dakota, USA; BEXP Reports Four More Nice Wells


Bakken Operations

Active rigs: 184: steady (but up 2 from the weekend)

Twenty (2) new permits –
  • Operators: BEXP (6), Newfield (3), SM Energy (3), Marathon (2), Enerplus (2), Oasis (2), Zenergy, Enduro Operating,
  • Fields: Sanish (Mountrail), East Fork (Williams), Todd (Williams), Mouse River Park (Renville), Moccasin Creek (Dunn), Colgan (Divide), Westberg (McKenzie), Spotted Horn (McKenzie),
  • Comment: Glad to see some more Newfield permits; but again, no OXY USA permits; nice to see some Divide County permits 
Wells coming off confidential list were reported earlier; see sidebar at the right. I missed four earlier:
  • 20443, PNC, Newfield, Fischer 159-102-18-19-1H, Hanks,
  • 20477, PNC, Newfield, Larson 159-102-26-25-1H, Bar Butte,
  • 23626, PNC, Helis, Henderson Johnson 13-33/4/9H, Grail,
  • 23922, PNC, Helis, Henderson Federal 5-25/36H, Spotted Horn,
Producing wells completed:
  • 20715, 2,412, BEXP,  Beaux 18-19 1H, Banks, t11/12; cum --
  • 22330, 3,050, BEXP, Taylor 14-23 1H, Elk, t12/12; cum --
  • 22459, 2,276, BEXP, Liffrig 29-20 2H, Alger, t11/12; cum 7K 11/12;
  • 23033, 2,888, BEXP, Jennifer 26-35 1H, East Fork, t11/12; cum --
Well name change:
  • 22096, loc, Triangle USA, Larson 149-100-9-4-2TFH  (was Larson…2H); the name change suggests it is targeting the Three Forks, rather than the middle Bakken

2 comments:

  1. http://gmx.investorroom.com/

    The spike on the chart has to be an error, so it may disappear. But, it sure is a spike.

    And the 5 year chart makes a Bakken decline curve look flat.


    anon 1

    ReplyDelete
    Replies
    1. As you know, GMXR had a 13-1 reverse split (or do they write, a "1-13 reverse split") on/about January 3, 2013. So, there was a huge spike on that day in price, but it certainly didn't hit $75 as the chart you linked would suggest. Yes, somehow that's an error.

      Delete

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