Thursday, June 19, 2014

Amber Renee Back On-Line; Seeking Alpha Look At The Mississippi Lime

Back on line:
  • 18408, 1,945,  Amber Renee 25-36H, Sanish; one mile to the west of the Chandler James; t2/10; F; 821K 12/13 -- 661K in first two years; no pump; still 9K/month 1/13; IA 1/14; now back on line apparently (shown as "A" but still no new production except a bit of natural gas sold in 4/14);
A Look At The Mississippi Lime Over At Seeking Alpha

Puts the Bakken into perspective:
Here is a list that I've cobbled together of companies that have decided to exit the Miss Lime:
Royal Dutch Shell - In September of 2013 Shell announced that it was selling off its huge 600,000 acre Miss Lime position which was located in Kansas. Included in what was sold were 45 producing wells that Shell had drilled. In July of 2013 Shell completed a strategic review and concluded that the Miss Lime did not meet the company's internal profitability targets.
Encana - Under a new CEO (Doug Suttles) Encana has wisely decided to narrow its focus considerably. Instead of trying to spread capital across 20 different plays, Encana has decided to concentrate on its five best liquids rich assets. One of the plays that Encana has decided to exit is its position in the Miss Lime located in Oklahoma.
Sandridge Energy - Sandridge hasn't exited the Miss Lime, but it has greatly narrowed its focus. A great portion of Sandridge's massive acreage position that was originally thought to be high quality, actually isn't. Out of the nearly 1.85 million acres that Sandridge has in the Miss Lime, the company has narrowed its focus to six "focus areas". Those areas include the counties of Comanche, Barber, Harper, Woods, Alfalfa and Grant.

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