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Friday, December 12, 2014

Twenty-One (21) New Permits; Twenty-One (21) Producing Wells Completed, OXY USA With Another OXY USA Well -- December 12, 2014

Fourteen (14) permits canceled; looks like housekeeping; most are quite old, though part of the Bakken boom:
  • Behm (1), EOG (6), Cirque (1), Chesapeake (3), Strike Oil (1), Bakken-Hunter (1), core 54 (1)
Wells coming off the confidential list today were posted earlier; see sidebar at the right.

Twenty-one (21) new permits --
  • Operators: Emerald (6), XTO (4), Whiting (3), BR (3), CLR (2), Wapiti Operating (2), Samson Oil and Gas,
  • Fields: Green River (Stark), Glass Bluff (McKenzie), Blue Buttes (McKenzie), Rainbow (Williams), Banks (McKenzie), Boxcar Butte (McKenzie), Enget Lake (Mountrail), Jim Creek (Dunn)
  • Comments:
Twenty-one (21) producing wells completed:
  • 23736, 1,643, BR, Bryce 41-5TFH, Westberg, t10/14; cum 3K 10/14;
  • 25116, 653, CLR, Bjarne 2-29H, Patent Gate, t11/14; cum --
  • 25529, 1,108, Zavanna, Sylvester 32-29 4TFH, Springbook, t11/14; cum --
  • 25865, 1,181, Hess, HA-Thompson 152-95-2017H-5, Hawkeye, t10/14; cum 18K 10/14;
  • 26674, 80, OXY USA, State Anderson 2-30-25H-143-97, Little Knife, t9/14; cum 9K 10/14;
  • 26819, 653, Hess, EN-Hermanson-LE-155-93-3501H-4, Robinson Lake, t11/14; cum 10K 10/14;
  • 26982, 1,309, Hess, HA-Nelson-152-95-3328H-7, Hawkey, t10/14; cum 21K 10/14;
  • 27096, 1,042, BR, Ole Boe 44-14MBH-ULW, Haystack Butte, 4 sections, t6/14; cum 43K 10/14;
  • 27293, 695, Hess, EN-Ortloff-156-94-2635H-8, Big Butte, t10/14; cum 12K 10/14;
  • 27422, 1,163, XTO, Lyla 24X-10E, Lindahl, t11/14; cum --
  • 27500, 245, XTO, Lyla 24X-10F, Lindahl, t11/14; cum --
  • 27540, 1,252, Petro-Hunt, Wollan 152-96-27A-35-1HS, Clear Creek, 4 sections, t12/14; cum
  • 27694, 1,126, CLR, Berlain 3-30H, Patent Gate, t11/14; cum --
  • 27695, 1,060, CLR, Berlain 2-30H, Patent Gate, t11/14; cum --
  • 27701, 1,512, BR, Haymaker 21-15MBH, Elidah, t12/14; cum --
  • 27745, 2,416, XTO, Brandvik Federal 44X-13C, Corral Creek, t11/14; cum --
  • 27800, 1,489, Hess, HA-Mogen-152-95-0805H-8, Hawkeye, t11/14; cum 24K 10/14;
  • 28065, 597, Hess, En-State c-156-93-1615H-7, Alger, t10/14; cum 9K 10/14;
  • 28110, 1,987, MRO, Gottlieb 11-26TFH, Bailey, t10/14; cum 5K 10/14;
  • 28201, 545, SM Energy, Dallas 2X-13H, Poe, t9/14; cum 11K 10/14;
  • 28234, 588, Statoil, Myron 9-4 2TFH, Squires, t11/14; cum --
Active rigs:


12/12/201412/12/201312/12/201212/12/201112/12/2010
Active Rigs181191184201166
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2 comments:

  1. AnonymousDecember 12, 2014 at 8:29 PM

    The one thing I would like to know is why do companies cancel permits if they already expired? The Chesapeake permits and the Core 54 permits had expired at least a year ago. Not sure what the point of canceling them now is.

    ReplyDelete
    Replies
    1. Bruce OksolDecember 12, 2014 at 8:47 PM

      I've seen any number of cases where an expired permit was renewed, though the time interval has generally been much shorter than "a year."

      I can only assume the Bakken boom has been a paperwork nightmare; I was told early on that some paperwork is delayed getting to the NDIC. (It's likely the NDIC bends over backwards to make sure a company really wants to cancel an expired permit. If so, and this is just a personal opinion, it's another good example of a regulatory agency working with the operators. Although, truth be told, my hunch is there is a legal angle also.)

      Remember: a permit is not a lease. I assume that until the permit is actually canceled, it saves the NDIC a lot of work to simply renew the permit if that's the intent of the operator. But if the permit is canceled, the process has to start all over again if an operator wants to drill that particular location.

      In addition, it brings to closure the question whether the operator plans to renew the permit. I've seen e-mail exchanges in the file reports with the NDIC alerting an operator that the a permit was about to expire, or had expired, and asking the company what their plans were.

      Another side benefit is this: landmen are swamped with work; it's hard to keep track of everything. When they see that a permit has been canceled, they have an opportunity to take a look. It's much less worthwhile for them to get excited about "expired" permits because companies, until the permits are canceled (I don't know when the "statute of limitations" runs out) companies can renew the permits.

      At least that's how I see it. Personal opinion only.

      On the other hand, the cancellation of the permit could be simply an administrative housekeeping detail (but probably not).

      Delete

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