Observations Regarding the NDIC February Hearing Dockets

At the January 15, 2013, post, there is a CLR graphic on how the company plans to drill fourteen (14) wells in one 2560-acre spacing unit.

In the February NDIC hearing dockets, there are a couple cases in which CLR is asking to drill 14 wells in one 2560-acre spacing unit. It's very possible, this is a request for seven wells to be drilled into two of the four sections, and the other seven wells to be drilled into the other two sections of the four-section spacing unit. Or it's possible that they will be using the plan in the schematic at the January 15, 2013, link above.

The cases:

• 19678, CLR, Elm Tree-Bakken, 14 wells on each existing overlapping 2560-acre units; McKenzie
• 19679, CLR, Alkali Creek-Bakken, 14 wells on an existing overlapping 2560-acre unit; McKenzie, Mountrail

Other cases of note:

• 19581, Bakken Hunter, Bounty School-Bakken, establish 13 640-acre units; and 10 1280-acre units; 8 wells on each of the 640-acre units and up to 16 wells on each of the 1280-acre units, Divide. This adds up to about 264 wells.

• 19624, Petro-Hunt, amend, Stockyard Creek-Bakken, 7 wells on a 640-acre unit, Williams County.

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A day or two ago, "anon 1" alerted me to the January, 2013, Magnum Hunter corporate presentation. Bakken Hunter is the wholly-owned subsidiary of Magnum Hunter. This is a good time to review that presentation in light of the case noted above.