Reported at the Fairfield SunTimes.
CLR reported two Bakken completions:
- Twyla 3-30H, 431, Richland County, 19,605 TD.
- Toni 3-20H, 438, Richland County, 19,648 TD.
Oasis reported one Bakken completion:
- M&M T 2958 13-26H, 852, Roosevelt County, 20,826 TD.
EOG reported one Bakken completion:
- Stateline 13-3635H, 600, Roosevelt County, 16,645 TD.
Fidelity reported a Heath (Tyler) completion:
- Coffee 31-2H, 219, Rosebud County, 9,470 TD.
Of more interest, perhaps, is the number of expired permits. Permits for three Bakken wells expired in Richland County (EOG, Slawson, and Whiting permits). In Sheridan County, two permits expired, both TAQA North USA Inc permits. We often see two or three permits expire in any given month in North Dakota, but the percentage/denominator is quite different. I don't know the number of permits being issued by Montana for OIL wells, but it is considerably less than the 200 permits/month being issued by North Dakota. Generally speaking, a Bakken permit that expires in North Dakota is administrative; the well will eventually be drilled in "that" location but by a different operator, or sited slightly differently, requiring a new permit.
A big "thank you" to Don for sending me the link.
Of more interests than the expired permits is the expiring leases. I will predict that the mineral owners in the Richland/Roosevelt/Sheridan County areas are in a good position to negotiate some great leases over the next 3 -4 years. Montana is not ND but the potential remains since the price of oil stays steady.
ReplyDeletePossibly; I don't have a feeling for the Montana area the way I do for North Dakota, and even North Dakota surprises me. I was surprised to see bonuses for ND minerals hold up so well: both KOG and Whiting seemed to have paid a premium for their new acreage.
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