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Sunday, December 7, 2014

Fidelity E&P Done -- Reader; December 7, 2014

From a reader:
It appears Fidelity is done drilling in the Bakken. For about the last year they had two drilling rigs running. One in Mountrail county and one in Stark. They released the rig that was drilling in Mountrail, it's now drilling for SM energy.  And in the last week the rig in Stark finished a three well pad, and moved to another pad, but the rig is just sitting there in pieces. The last pieces were moved Thursday and there has been no attempt to reassemble the rig. 
The rig list still shows the rig in Mountrail but it is one of the rigs listed twice. It has been shown on the same Fidelity well for about the last year and a half. The correct well is the  SM well it is listed as being on.
On November 3, 2014, or thereabouts, Fidelity announced it was going to market its E&P company