For Investor's Only; ERF Reports Excellent Numbers -- Due To The Bakken; Samson Oil & Gas Provides Update On Stockyard Creek Operations East Of Williston

From a reader: how to "play" the shale oil boom, from Forbes. Seven years too late, but, I suppose, better late than never. The boom began in Montana, 2000, and in North Dakota, 2007, and now we see, in 2013, an article in Forbes, how to play the shale oil boom. The big story is not "how" to play the boom, but the fact that Wall Street is finally waking up to what's happening in "fly over" country.

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or what you think you may have read here. 

ERF:

Enerplus Res Fd Trust raises annual production guidance for 2013: Co announces that based upon continued strong operational performance during the months of October and November, we are increasing our annual average production forecast for 2013 to 89,000 BOE/day from 87,500 BOE/day. Production volumes during the fourth quarter are expected to average ~92,000 BOE/day due primarily to higher natural gas production.

In addition, the Board has approved the capital program for 2014 which includes the following highlights:

• Co expects to deliver 10% production growth in 2014, targeting annual average production between 96,000 BOE/day and 100,000 BOE/day.
• Crude oil production is expected to grow by 12%, resulting in a production mix of 48% crude oil and natural gas liquids and 52% natural gas.
• Capital spending is planned at $760 million, up 11% from 2013, with two thirds of our program directed to crude oil projects.
• Based upon our forecast exit volumes, capital efficiencies have significantly improved in 2013 to under $30,000/BOE/day. Co expects to achieve similar capital efficiencies in 2014.
• Co expects a reduction in both operating costs and general and administrative costs per BOE.

Production Growth 

We expect continued growth from our U.S. oil properties at Fort Berthold where production will increase by roughly 15% in 2014, driving our light crude oil volumes to represent 67% of our total oil production. Natural gas liquids are expected to be ~4% of total production. Our total corporate natural gas production is expected to average just over 300 MMcf/day next year, up 7% from 2013, with the majority of the growth attributable to the Marcellus.

As a result of the growth in production from our Bakken/Three Forks and Marcellus properties, over 50% of our corporate production volumes will be attributable to our U.S. assets. Our production mix is expected to remain at 48% crude oil and natural gas liquids and 52% natural gas. With the acquisition of additional interests in the Marcellus combined with the growth in our earlier stage plays in North Dakota and the Wilrich, our corporate production decline rate is expected to marginally increase to 25% in 2014 from 24% in 2013.

Samson Oil & Gas:

Oil & Gas provides Oil and Gas advisory on its North Stockyard program (SSN) 0.43 : Co provides update on its North Stockyard project, Williams County, ND

Blackdog 3-13-14H (SSN WI 25.03%)
The Blackdog well drilled to the kick off point at 10,768 feet, continued to drill the curve, and landed in the Middle Bakken at 11,691 feet measured depth, 11,341 feet true vertical depth. 7" casing was then run and cemented at this depth. Preparations are currently being made to begin drilling the 6 inch lateral. The frac of this well is tentatively scheduled for December 15th.This well will be a middle Bakken lateral and is the infill location between the Rodney 1-14H well (SSN WI 27.18%) and the Sail and Anchor 1-13-14HBK well (SSN WI 25.03%).

Coopers 2-15-14HBK (SSN WI 27.7%)
The 22 stage plug and perf stimulation treatment is expected to commence on December 2nd. Over the weekend, the frac equipment was set up on location and the sand was delivered to the site.

Tooheys 4-15-14HBK (SSN WI 27.7%)
A clean out trip was run to the liner top and a cement bond and caliper log run. The 7 inch casing was pressure tested and a ball pumped to open the first stage sleeve in preparation for the fracture stimulation expected on to commence on December 8th, following the Coopers frac. The completion configuration is a 24 stage sliding sleeve.

Little Creature 1-15-14HBK (SSN WI 27.7%)
A cement bond and caliper log has been run in this well and a 4 inch frac string run. The first frac stage has been perforated on tubing in preparation for the stimulation. The completion configuration is a 35 stage cemented liner. Fracture stimulation is expected to commence December 20th, following the Blackdog 3-13-14 frac.