Sundance Energy Australia To Go Public; Bakken Operator To Leave The Bakken; Concentrate Elsewhere; For Archival Purposes Only

New operator in the Bakken? Link here. Also, the company's "roadshow" at this link, a PDF at the link, but clicking on the link will take you to another webpage.

Sundance Energy Australia Limited (scheduled to begin trading 2-21-14).

From the F-1 filing: We are an onshore oil and natural gas company focused on the exploration, development and production of large, repeatable resource plays in North America. Our oil and natural gas properties are located in premier U.S. oil and natural gas basins, and our current operational activities are focused in south Texas targeting the Eagle Ford formation, north central Oklahoma targeting the Mississippian and Woodford formations, the Wattenberg field in central Colorado targeting the Codell and Niobrara formations, and northwest North Dakota targeting the Bakken and Three Forks formations in the Williston Basin.

According to the F-1, net acreage, rounded (see linked source for specifics):

• Eagle Ford: 8,000
• Wattenberg: 45,000
• Woodford: 5,000
• Bakken: 5,000

In the Bakken,

• average daily net production): 900 boedp
• estimated total proved reserves: 3 million bbls oil
• producing wells (gross/net):  130 / 5
• total drilling locations, proved, probably, possible (gross / net): 856 / 23

But then this, leaving the Bakken:

As of September 30, 2013, our Bakken properties consisted of approximately 100,153 gross (4,778 net) acres that are primarily located in McKenzie and Williams Counties, North Dakota. The majority of these properties are operated by EOG Resources, Inc. and Hess Corporation. During the month of September 2013, we had average net daily production of approximately 899 boepd from our Bakken properties. 

For the nine-month period ended September 30, 2013, we had average net daily production of approximately 516 boepd from our Bakken properties. 

During 2013, we have spent approximately $6 million to participate in approximately 12 gross (0.8 net) horizontal wells.

In November and December 2013, we sold our interest in our Phoenix prospect located in the Bakken, North Dakota.

See "— Recent Developments — Divestitures." We expect to continue to divest our Bakken assets as we continue to focus on the development of our operated assets in our other major operating areas.

Divestitures:

In September 2012, we sold our interest in properties located in the South Antelope field of the Williston Basin, North Dakota, to a third party for approximately $172 million in net proceeds. At the time of the sale, our interest in properties located in that field included approximately 3,939 net non-operated acres in McKenzie County, North Dakota, with average net daily production of approximately 827 boepd during the quarter ended September 30, 2012 and proved reserves of approximately 4.7 MMBoe as of September 2012.

In November 2013, we sold our entire interest in an individual operated well and the developed 622 net acres, located in the Phoenix prospect, for gross proceeds of approximately $4.3 million. In December 2013, we sold our interests in properties also located in the Phoenix prospect of the Bakken for $35.5 million. The assets sold included 77 gross producing wells in McKenzie, Dunn and Mountrail Counties, North Dakota.

$4.3 million / 622 net acres (producing): $7,000 / acre.

A well search at the NDIC website suggests an operator called "Sundance Energy" has two wells:

• 15580, dry, Sundance Energy, Ruth Packineau, Squaw Creek, a Madison well, s6/04;
• 17197, 284, Sundance Energy, Chase 21-30H Spotted Horn, t11/08; cum 53K 12/13; 

I can't say for sure this "Sundance Energy" is related (a wholly owned subsidiary) to the new filing.