It could be my wi-fi connection or my computer, but some pages at the NDIC website seem to be down.
So, with that, I'm turning the computer off. Good luck to all.
It's going to be a very, very interesting day in the market tomorrow if the government of Cyprus agrees to the EU requirement for continued financial assistance. They vote tomorrow. Even if Cyprus were to vote against it, unlikely (?), the fact that the EU played this card has set a very, very interesting precedent.
Sunday, March 17, 2013
Top Producing Wells, January, 2013, Williston Basin
Formatting may not work.
There may be typographical errors.
Elsewhere someone was asking if there was a site where the top 10 or 20 producing wells in December, 2012, in the Williston Basin, were posted.
Here are the top 47 producers for the month of January, 2013. I used a cut-off of at least 16,000 bbls of oil in the month of January. I could have missed some (but not many), but the list provides some interesting data points.
The first column: barrels of oil in the month of January
Second column: file/permit number
Third column: well name
Fourth column: oil field
Fifth column: operator
There may be typographical errors.
Elsewhere someone was asking if there was a site where the top 10 or 20 producing wells in December, 2012, in the Williston Basin, were posted.
Here are the top 47 producers for the month of January, 2013. I used a cut-off of at least 16,000 bbls of oil in the month of January. I could have missed some (but not many), but the list provides some interesting data points.
The first column: barrels of oil in the month of January
Second column: file/permit number
Third column: well name
Fourth column: oil field
Fifth column: operator
| 33025 | Bbls | 23071 | HA-Mogen 152-95-0805H-3 | Hawkeye | Hess | ||
| 27325 | Bbls | 23325 | SC-Ellingsberg 154-98-3239H-3 | Truax | Hess | ||
| 27315 | Bbls | 23324 | SC-Ellingsberg 154-98-3229H-2 | Truax | Hess | ||
| 25917 | Bbls | 22462 | Moccasin Creek 16-26-27-12H | Moccasin Creek | KOG | ||
| 25801 | Bbls | 23072 | HA-Dahl 152-95-0706H-3 | Hawkeye | Hess | ||
| 23996 | Bbls | 21564 | Levang Federal 14-21/16H | Blue Buttes | QEP | ||
| 23702 | Bbls | 23084 | Moccasin Creek 16-10-3-3H | Moccasin Creek | KOG | ||
| 23590 | Bbls | 23192 | BL-Myrtrice-156-96-2536H-1 | Beaver Lodge | Hess | ||
| 22789 | Bbls | 22050 | Kummer 41-30MBH | Blue Buttes | BR | ||
| 21884 | Bbls | 21716 | Van Hise Trust 153-95-28C-21-2H | Charlson | Petro-Hunt | ||
| 21579 | Bbls | 22678 | State 2-16-21H-143-96 | Fayette | OXY USA | ||
| 21484 | Bbls | 22465 | Moccasin Creek 16-26-27-13H3 | Moccasin Creek | KOG | ||
| 20772 | Bbls | 21429 | BB-Eide 151-95-3328H-2 | Blue Buttes | Hess | ||
| 20362 | Bbls | 21428 | BB-Eide 151-95-3328H-1 | Blue Buttes | Hess | ||
| 19439 | Bbls | 20085 | Nelson 3-10 1H | Long Creek | Zavanna | ||
| 19295 | Bbls | 23085 | Moccasin Creek 16-10-3-3H3 | Mocccasin Creek | KOG | ||
| 19117 | Bbls | 21800 | Fort Berthold 152-93-9C-10-1H | Four Bears | Petro-Hunt | ||
| 19095 | Bbls | 23191 | BL-Myrtrice-156-96-2536H-2 | Beaver Lodge | Hess | ||
| 18815 | Bbls | 21219 | Black Hawk 1-12H | Moccasin Creek | WPX | ||
| 18806 | Bbls | 22434 | Gale 2-32H | Cedar Coulee | CLR | ||
| 18552 | Bbls | 22975 | Holm 14-12HB | Siverston | SM Energy | ||
| 18253 | Bbls | 23086 | Norfolk 2-1H | North Tobacco Garden | CLR | ||
| 18245 | Bbls | 21488 | Antelope 3-23H | Elm Tree | CLR | ||
| 17997 | Bbls | 20511 | Two Shields Butte 5-7-8-1H3 | Heart Butte | KOG | ||
| 17951 | Bbls | 23472 | P Levang 4-14/23H | Blue Buttes | QEP | ||
| 17898 | Bbls | 22987 | Doe 34-23NH | Murphy Creek | CLR | ||
| 17711 | Bbls | 22850 | Koala 15-33-28-2H | Poe | KOG | ||
| 17594 | Bbls | 22029 | MHA 4-32-39H-150-91 | Heart Butte | QEP | ||
| 17490 | Bbls | 20934 | Anderson 152-96-35C-26-3H | Cedar Creek | Petro-Hunt | ||
| 17399 | Bbls | 22772 | EN-Skabo Trust 155-93-0631H-3 | Alger | Hess | ||
| 17343 | Bbls | 22922 | Syverson 1-12 2TFH | Stony Creek | BEXP | ||
| 17112 | Bbls | 20840 | Make 41-33XH | Sanish | Whiting | ||
| 17054 | Bbls | 22376 | Anderson 5X-14H | Croff | SM Energy | ||
| 17005 | Bbls | 23812 | Steen 149-101-13-24-3H | Antelope Creek | Triangle | ||
| 16954 | Bbls | 22278 | Martin 2-30-31H-144-96 | Cabernet | OXY USA | ||
| 16870 | Bbls | 22588 | Idaho 1-0132H | Ross | EOG | ||
| 16746 | Bbls | 23213 | Hartman 3-28H | Chimney Butte | CLR | ||
| 16693 | Bbls | 21868 | Barker 24-13 1H | Boxcar Butte | Zavanna | ||
| 16588 | Bbls | 18610 | Harry Stroh 1-8-5H-143-96 | Fayette | OXY USA | ||
| 16570 | Bbls | 23105 | Lunker Federal2-33-4H | Van Hook | Slawson | ||
| 16427 | Bbls | 23904 | Ness 41-31XH | Sanish | Whiting | ||
| 16373 | Bbls | 23033 | Jennifer 26-35 1H | East Fork | BEXP | ||
| 16358 | Bbls | 22210 | Concord 34-10MBH | Little Knife | BR | ||
| 16180 | Bbls | 22114 | Baker USA 11-18TFH | Van Hook | MRO | ||
| 16092 | Bbls | 23254 | Coyote Necklace 24HD | Reunion Bay | WPX | ||
| 16044 | Bbls | 22200 | Riverview 4-3031H | Clarks Creek | EOG | ||
| 16043 | Bbls | 21802 | Fort Berthold 152-93-9C-10-3H | Four Bears | Petro-Hunt |
Temple Oil Field
Temple Oil Field is a somewhat-gerrymandered-33-section-rectangular field, running vertically, just west of the huge, prolific Tioga Oil Field. The Temple Oil Field is located in the northeast corner of Williams County. [Tioga Oil Field, which is also a vertical field, straddles the Williams County-Mountrail County line.] Temple Oil Field is less than ten miles NNW (almost due north) of Tioga, the oil capital of North Dakota.
With the announcement of two huge Sequel Energy wells in Temple field it was an excuse to take some time and look at the field in more depth.
Very little of this field is held by production, but that will soon change.
From the August, 2012, NDIC dockets:
Permits for Temple Oil Field in 2014
Sequel has had some success in this field. For example, in section 7, the same section where it has permits for two more wells, Sequel has four vertical wells, all targeting the Winnipegosis.
With the announcement of two huge Sequel Energy wells in Temple field it was an excuse to take some time and look at the field in more depth.
Very little of this field is held by production, but that will soon change.
From the August, 2012, NDIC dockets:
- Case 18410, Sequel, amend Temple-Bakken, authorize up to 6 hz wells on each of 4 1280-acre units; Williams (24 wells)
- Case 18518, XTO, 8 wells on each of 9 existing 1280-acre units (72 wells), Temple-Bakken, Williams
Permits for Temple Oil Field
Permits for Temple Oil Field in 2014
- 27639, conf, CLR, Stark 1-26H1,
- 27616, conf, XTO, Hansen 34X-10C,
- 27336, conf, Emerald, Ron Burgundy 1-23-14H,
- 27335, conf, Emerald, Ron Burgundy, 2-23-14H,
- 27334, conf, Emerald, Ron Burgundy 3-23-14H,
- 26826, drl, Sequel, Edna 14-7H-1819-15895-MB,
- 26825, drl, Sequel, Yogi 14-7H-0607-15895-TF,
- 26624, drl, Sequel, Alvin 14-7H-1819-15895-TF,
- 26623, drl, Sequel, Erling 14-7H-0607-15895-MB,
- 24577, 748, Sequel, Elroy 44-7H-0607-15895-TF, Temple, t7/13; cum 106K 3/14;
- 24576, 755, Sequel, Maybery 44-7H-0607-15895-MB, Temple, t7/13; cum 108K 3/14;
- 23587, conf, XTO, Kristensen 24X-9B, Temple,
- 21718, 800, Sequel Energy, Overdorf 21-1H-0112-15896-MB, t1/13; cum 132K 3/14;
- 21717, 854, Sequel Energy, Temple 21-1H-2536-15996-TF, t1/13; cum 120K 3/14;
- 19766, 252, CLR, Greenawalt 1-33H, t9/11; cum 50K 3/14;
- 19290, 439, CLR, Hamlet 2-11H, t12/10; cum 111K 3/14;
- 18851, 878, CLR, Bjella 1-24H, t7/10; cum 163K 3/14;
- 18508, 248, XTO, Bronson 31X-14, t7/10; cum 111K 3/14;
- 18144, 346, XTO, Donnelly 24X-35, t8/09; cum 52K 3/14;
- 18125, 166, XTO, Rossmiller 31X-15, Temple, t7/10; cum 63K 3/14;
Past Success
Sequel has had some success in this field. For example, in section 7, the same section where it has permits for two more wells, Sequel has four vertical wells, all targeting the Winnipegosis.
- 10073, 1,265/A, Sequel Energy,Skarderud 10-7, Winnipegosis (also targeted the Red River and the Duperow); t8/83; cum 1.36 million bbls 3/14; still producing almost 30 years;
- 10480, 455/A, Sequel Energy, Skarderud 22-7, Winnipegosis; t2/84; cum 610K 1/13; A, but on-line one day/month; almost no production in last two years;
- 11450, 312/IA, Sequel Energy, Skarderud 33-7, Winnipegosis; t7/85; cum 506K 1/13; taken off-line late last year;
- 15118, 328 (Duperow)/168 (Winnipegosis), Sequel Energy, Skarderud 32-7, Winnipegosis (also targeted the Duperow), t7/01; cum 22K 3/14 for the Winnepegosis; for the Duperow, t3/03 cum 224K 3/14;
Too Small To Fail? Cypriots Don't Wait To Find Out; Modern Day Run On Banks
Reuters is reporting that if Cyprus wants a bailout, folks have to pony up 10% of the money in their bank deposits. The Cypriot financial sector is eight times the size of the Cypriot economy (which would be hard to demonstrate on a Venn diagram).
Wanna bet the US markets plunge tomorrow?
In a radical departure from previous aid packages, euro zone finance ministers want Cyprus savers to forfeit up to 9.9 percent of their deposits in return for a 10 billion euro ($13 billion) bailout to the island, which has been financially crippled by its exposure to neighboring Greece.
The decision, announced on Saturday morning, stunned Cypriots and caused a run on cashpoints, most of which were depleted within hours. Electronic transfers were stopped.Wanna bet we see a run on banks in Spain? Soon.
Wanna bet the US markets plunge tomorrow?
Wells Coming Off Confidential List Monday, Weekend; A Monster EOG Well; A Monster Sequel Well; So Much For Talk Of The End Of The Bakken Boom
Monday, March 18, 2013
20133, 480, EOG, Hardscrabble 3-3328H, Sixmile, flaring; t9/12; cum 38K 1/13;
21057, 2,982, BR, Hilman 31-29H, Haystack Butte, flaring; t12/12; cum 3K 1/13;
21591, 2,662, Newfield, Sand Creek Federal 153-96-23-14-2H, Keene, t2/13; cum --,
21717, 854, Sequel Energy, Temple 21-1H-2536-15996-TF, t1/13; cum 16K 1/13;
22486, 2,421, EOG, Hawkeye 100-2501H, Clarks Creek (see stand-alone post); 3-section spacing (1,920 acres); will this be a long lateral (9,000 feet) or a much-talked-about-seldom-seen-super-long lateral (14,000 feet)? I'm betting the latter. If accurate, a huge "thank you" to a reader. This well is NORTHEAST of Watford City. Did Lynn Helms misspeak or was he misquoted in The Bismarck Tribune when he said there was a gusher NORTHWEST of Watford City? If there is still another gusher NORTHWEST of Watford City that is better than this well, we are talking some big wells in the Bakken; t9/12; cum 213K 1/13;
23295, 2,592, BR, Mesa Verde 14-22TFH, Clear Creek, flaring, t1/13; cum 3K 1/13;
23440, drl, XTO, Thompson 21-11SH, Charlson;
Sunday, March 17, 2013 -- Happy St Patrick's Day
21559, drl, QEP, MHA 5-31-25H-150-92, Heart Butte, short lateral, less than a typical one-section lateral;
21944, 343, Hess, BL-Frisinger-156-95-2833H-1, Beaver Lodge; on a gas line; t11/12; cum 19K 1/13;
22886, drl, Hess, LK-Wing 146-97-2215H-4, Little Knife, very short lateral only half of a 1280-spacing unit;
23261, 3,880, BR, Mesa Verde 34-22TFH, Clear Creek, t2/13; cum --
23611, drl, CLR, Akron 4-23H, Banks, no production data; right in the sweet spot of the Bakken
Saturday, March 16, 2013
21718, 800, Sequel Energy, Overdorf 21-1H-0112-15896-MB, Temple; t1/13; cum 22K 1/13;; (see stand-alone post);
22302, drl, XTO, Mariana Trust 12X-20C, North Fork, no production data;
23441, drl, XTO, Thompson 21-11SWH, Charlson, no production data;
23470, drl, XTO, Lawlar 41-15SH, North Tobacco Garden, no production data
During the Vietnam War, a contractor-operated DC-8 landed on the wrong airfield in South Vietnam.
The control tower cleared the DC-8 to land at DaNang Air Base, and by mistake the co-pilot landed the plane at Marble Mountain Airfield – a remote operating location near Da Nang with only a 3200-foot runway.
This event is pretty well known in history among the "Non-Sched" flight crews flying the Military Airlift Command (MAC) charters in and out of Viet Nam.
When Seaboard World Flight Operations got the word on what happened, they contacted Douglas Aircraft Corp for advice.
Douglas Aircraft Corp said "take the aircraft apart and ship it home." FAA said the same thing.
Pilots who are real pilots and not paper-pushers know whether or not the bird will do it -- these guys knew. So, instead, the pilot and co-pilot elected to try to get airborne on a less-than-adequate length runway – and succeeded, getting in the air about 300 feet from the end of the runway.
For safety concerns, the flight hostesses were left behind at the remote airstrip.
* Epilogue: Randy Trujillo made Captain (left-seat) in a United DC-8 and he called that DC-8 the Queen of the Fleet.
20133, 480, EOG, Hardscrabble 3-3328H, Sixmile, flaring; t9/12; cum 38K 1/13;
21057, 2,982, BR, Hilman 31-29H, Haystack Butte, flaring; t12/12; cum 3K 1/13;
21591, 2,662, Newfield, Sand Creek Federal 153-96-23-14-2H, Keene, t2/13; cum --,
21717, 854, Sequel Energy, Temple 21-1H-2536-15996-TF, t1/13; cum 16K 1/13;
22486, 2,421, EOG, Hawkeye 100-2501H, Clarks Creek (see stand-alone post); 3-section spacing (1,920 acres); will this be a long lateral (9,000 feet) or a much-talked-about-seldom-seen-super-long lateral (14,000 feet)? I'm betting the latter. If accurate, a huge "thank you" to a reader. This well is NORTHEAST of Watford City. Did Lynn Helms misspeak or was he misquoted in The Bismarck Tribune when he said there was a gusher NORTHWEST of Watford City? If there is still another gusher NORTHWEST of Watford City that is better than this well, we are talking some big wells in the Bakken; t9/12; cum 213K 1/13;
23295, 2,592, BR, Mesa Verde 14-22TFH, Clear Creek, flaring, t1/13; cum 3K 1/13;
23440, drl, XTO, Thompson 21-11SH, Charlson;
Sunday, March 17, 2013 -- Happy St Patrick's Day
21559, drl, QEP, MHA 5-31-25H-150-92, Heart Butte, short lateral, less than a typical one-section lateral;
21944, 343, Hess, BL-Frisinger-156-95-2833H-1, Beaver Lodge; on a gas line; t11/12; cum 19K 1/13;
22886, drl, Hess, LK-Wing 146-97-2215H-4, Little Knife, very short lateral only half of a 1280-spacing unit;
23261, 3,880, BR, Mesa Verde 34-22TFH, Clear Creek, t2/13; cum --
23611, drl, CLR, Akron 4-23H, Banks, no production data; right in the sweet spot of the Bakken
Saturday, March 16, 2013
21718, 800, Sequel Energy, Overdorf 21-1H-0112-15896-MB, Temple; t1/13; cum 22K 1/13;; (see stand-alone post);
22302, drl, XTO, Mariana Trust 12X-20C, North Fork, no production data;
23441, drl, XTO, Thompson 21-11SWH, Charlson, no production data;
23470, drl, XTO, Lawlar 41-15SH, North Tobacco Garden, no production data
******************
A Note To The Granddaughters
During the Vietnam War, a contractor-operated DC-8 landed on the wrong airfield in South Vietnam.
The control tower cleared the DC-8 to land at DaNang Air Base, and by mistake the co-pilot landed the plane at Marble Mountain Airfield – a remote operating location near Da Nang with only a 3200-foot runway.
This event is pretty well known in history among the "Non-Sched" flight crews flying the Military Airlift Command (MAC) charters in and out of Viet Nam.
When Seaboard World Flight Operations got the word on what happened, they contacted Douglas Aircraft Corp for advice.
Douglas Aircraft Corp said "take the aircraft apart and ship it home." FAA said the same thing.
Pilots who are real pilots and not paper-pushers know whether or not the bird will do it -- these guys knew. So, instead, the pilot and co-pilot elected to try to get airborne on a less-than-adequate length runway – and succeeded, getting in the air about 300 feet from the end of the runway.
For safety concerns, the flight hostesses were left behind at the remote airstrip.
* Epilogue: Randy Trujillo made Captain (left-seat) in a United DC-8 and he called that DC-8 the Queen of the Fleet.
-- a huge "thank you to Larry" for sending the video and the commentary.
******************
I have a similar story about a similar experience in the USAF while in Africa some years back, but I can't post it publicly. Again, to the granddaughters, when you find my journals after I'm cremated/buried at Miramar National Cemetery, next to your great-grandfather, whose own father was sent back to Mexico as an illegal alien some years earlier, you can read all about my experiences in the Air Force.
I Remember You, Slim Whitman, introduction by Andy Kauman
I've Been Waiting A Long Time For This Well: Here It Is; And Also Another Huge Well
Updates
January 3, 2015- 22486, 2,421, EOG, Hawkeye 100-2501H, Clarks Creek, t9/12; cum 611K 11/14;
- 21718, 800, Liberty Resources, Overdorf 21-1H-0112-15896-MB, t1/13; cum 162K 11/14;
Original Post
I've been waiting to see this EOG well in Clarks Creek come off the confidential list ever since a reader alerted it to me. The spacing unit is a 3-section spacing unit (sections 25, 36, and 1) or 1,920 acres. The only question is whether this is a long lateral (9,000 feet) or a much-talked-about-seldom-seen-super-long lateral (14,000 feet). This well is NORTHEAST of Watford City. Did Lynn Helms misspeak or was he misquoted in The Bismarck Tribune when he said there was a gusher NORTHWEST of Watford City? If there is still another gusher NORTHWEST of Watford City that is bigger than this well, we are talking some big wells in the Bakken.
NDIC File No: 22486 API No: 33-053-04005-00-00 CTB No: 122486
Well Type: ON CONFIDENTIAL STATUS
Location: NENE 25-152-95 Footages: 290 FNL 900 FEL Latitude: 47.962526 Longitude: -102.774270
Current Operator: EOG RESOURCES, INC.
Current Well Name: HAWKEYE 100-2501H
Field: CLARKS CREEK
Monthly Sales Data:
Well Type: ON CONFIDENTIAL STATUS
Location: NENE 25-152-95 Footages: 290 FNL 900 FEL Latitude: 47.962526 Longitude: -102.774270
Current Operator: EOG RESOURCES, INC.
Current Well Name: HAWKEYE 100-2501H
Field: CLARKS CREEK
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 1-2013 | 32927 | 0 |
| 12-2012 | 55608 | 0 |
| 11-2012 | 48594 | 0 |
| 10-2012 | 54013 | 0 |
| 9-2012 | 20698 | 0 |
A Sequel Energy well in Temple oil field:
NDIC File No: 21718 API No: 33-105-02410-00-00 CTB No: 121718
Well Type: ON CONFIDENTIAL STATUS
Location: LOT3 1-158-96 Footages: 281 FNL 2195 FWL Latitude: 48.545542 Longitude: -103.027833
Current Operator: SEQUEL ENERGY, LLC
Current Well Name: OVERDORF 21-1H-0112-15896-MB
Field: TEMPLE
Monthly Sales Data:
Well Type: ON CONFIDENTIAL STATUS
Location: LOT3 1-158-96 Footages: 281 FNL 2195 FWL Latitude: 48.545542 Longitude: -103.027833
Current Operator: SEQUEL ENERGY, LLC
Current Well Name: OVERDORF 21-1H-0112-15896-MB
Field: TEMPLE
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 1-2013 | 41074 | 0 |
Surge Energy
Updates
October 22, 2014: another article, same:
Legacy Oil and Gas Inc. has officially acquired Corinthian Exploration Corp. in a deal that includes assets from the Spearfish formation in Bottineau County, N.D. Legacy provided Corinthian with 20.1 million common shares and also assumed roughly $34 million of Corinthian debt.
As of January 2014, Legacy had 157.2 million common shares. The North Dakota assets come with high working interests, 3D seismic coverage and infrastructure associated, “with a large, light oil prospective undeveloped land base,” the company said of its North Dakota acreage acquisition.
The Spearfish formation ranges in depth from 2,900 feet to 3,400 feet, according to the North Dakota Geological Survey. It is the youngest oil-producing formation in North Dakota. The formation is productive in areas where oil has migrated from the Madison group formation, according to the N.D. Geological Survey.
June 24, 2014: "Anon 1" provides an update (see below in the comments but I moved it up here where it is "google-searchable" and it makes it easier to click on the link to the pdf:
Legacy likes ND more than I thought - either the Spearfish or unmentioned stacked pays.
They now have essentially all of it.
http://www.legacyoilandgas.com/upload/news_release/179/ce6ffda927ba/news-release---june-24-2014.pdf: Legacy buys Corinthian; press release, June 24, 2014.
Corinthian is gone - unless it reappears.
There are lots of undrilled leases. To be renewed or drilled or dropped.
Might Legacy have a buyer? Is this giving it more to sell? It will sell the company for the right price. Hey, maybe EOG will buy Legacy to complete the circle.
Legacy closed another purchase of a private company for stock 12 days ago. Busy summer in Calgary.
June 21, 2014: "Anon 1" sent in a comment (see below). Because comments are not "google-searchable," I will bring the comment up here:
From memory.
Legacy Oil + Gas and EOG leased land in Bottineau County (Spearfish formation, generally the target).
EOG sold to Surge Energy.
Corinthian bought something. Surge bought something. Ritchie? [Yes, here's the Ritchie story.]June 20, 2014: I assume this offer will be removed from the internet if someone buys it. I don't know when it was first posted; I brought it here as of this data. I will save the data here in case it otherwise disappears:
Surge bot Corinthian. But not in ND, I now think. Corinthian was still in ND. Confusing.
Then there were 3 in ND. S, L, and C. [Surge, Legacy, and Corinthian]
Then Corinthian bought Surge (ND only).
Two (2) left.
(Also, Anadarko has 100,000 acres for sale. No takers last I looked. In Bottineau County. I don't recall it being mentioned here, or anywhere except the broker's website.)
So 2 in ND. C and L.
------
Paul was chairman of Surge and Legacy. Both HQ in same building. Paul was also on board of Crescent Point (far bigger, and a big deal in the Calgary world.)
Surge and Legacy both fell in the Canadian energy stock doldrums.
Paul took over as CEO of Surge. Dan moved from CEO to board.
Paul wheeled and dealed. Spearfish ND sold when he took over. Started dividends. Bot stuff. Sold stock to fund it. Grew. Stock doubled.
Paul left boards of Crescent Point and Legacy this year. (Might CP buy one? Might one buy the other?)
The Canadian energy stocks are now hot. Surge and Legacy are hot.
Legacy and Surge have plays just north of ND. Especially Legacy. Crescent Point, also. Varied targets. ND oil companies can learn from them. Stacked plays or scattered plays. Some of those will be drilled in ND some day.
Legacy and Surge use waterfloods. Lots of projects. Again, ND players can learn from them.
MHR sold their Canadian land. Might have missed its potential, private buyer. MHR has ND land. Some or all is for sale. Might sell out to fund Utica. MHR is also playing in Australia. Crescent Point might buy MHR ND land, partly for the other stacked pays, if they are there.
Legacy also has a "side car." LGX Oil and Gas. Tiny. No employees. Legacy runs it. Little money. Lots of land. One big well last year. In the Alberta Bakken, but not really Bakken.
I think Legacy, Surge, and Crescent Poing all have some fine wells. Some public. Some not yet. They seem to be cracking some codes in various plays. Not talking much.
Legacy has a sage grouse problem in their Manyberries play. Limiting activity. A year earlier.
Anadarko Petroleum Corporation is offering for sale all of its rights, title and interest
• Potential reserves per well of 50 – 200 MBOE for each zone
• Estimated drilling and completion costs are $1.3 MM for the Spearfish and $1.8 MM for the Bakken
August 27, 2013: the August 26, 2013, entry at this link may or may not be accurate. The good news: it looks like we only have to follow two companies in the North Dakota Spearfish play.
LEASEHOLD RIGHTS
• Approximately 43,585 net acres (59,353 gross acres) 4,000 acres
• Seven percent of lease expirations occur in of 2013, twenty eight percent in 2014, twenty nine percent in 2015, and remainder in 2016 and beyond
• Majority of leases provide for two-year option to extend the primary term.
GEOLOGY
• Prospective for large scale oil accumulations trapped along the Triassic Spearfish and Mississippian Devonian Bakken truncation edges
• Reservoirs comprised of 20-50 foot thick sandstone sections
• Nearby fields have produced approximately 100 MMBOE the Spearfish formation
• OOIP at the Bakken analogous View field exceeds 5 BBO with potential reserves of 500 MMBOE
Original Post
March 16, 2013:
For quite some time I was confused by Corinthian, Legacy, and Surge -- three Canadian operators who extended their Canadian Spearfish play into northwestern North Dakota, most notably Bottineau County. (See first comment; received after this was posted.)
Surge bought Corinthian sometime in the last few years, but obviously a lot of older wells will still be "Corinthian" wells.
Legacy is separate from Surge, but both have close working relationships, at least in North Dakota.
According to Legacy's corporate presentation, March, 2013, in Bottineau County, ND:
- to drill 3 gross (1.23 net) hz wells in ND in 1Q13
- to drill 2 gross (2 net) vertical exploratory wells to test Madison and Spearfish in ND in 1Q13
- 200 net locations in Williston Basin: 24 hz wells/section in Waskada (Canada); 20 hhz wells in Landa/Westhope (North Dakota)
- Booked 21 net wells; unbooked 177 net wells
- 100% drilling success in ND; 44 hz multi-frac Spearfish wells to date
- participated in 17 gross (10 net) hz multi-frac Spearfish wells in 2012; 100% success rate
- average cost: $1.5 million (decreased)
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