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Thursday, January 22, 2015

A Snapshot Of The 2014 Oil And Gas Permits In North Dakota

Disclaimer: for my use only. Taken from my data base. There are errors in the list below. I have not posted any errors on purpose; everything posted is in good faith. My numbers will not agree with the numbers of the NDIC but they will be close. The numbers "won't always add up" because it's sometimes hard to keep track of various criteria; in addition, the database is dynamic. This data was collected between January 20 and January 22, 2015. See additional disclaimer notes.

Looking at the first 1,242 oil and gas permits issued in North Dakota last calendar year (2014), some data points. These permits were issued between (inclusive) January 2, 2014, and June 11, 2014.

A total of 3,013 permits were issued in 2014. The data from 1,242 permits below represents about 41% of all permits.

By producer:
  • Abraxas: 3
  • American Eagle: 23
  • Anschutz: 1
  • Armstrong: 2
  • Ballantyne: 2
  • Ballard: 2
  • Baytex: 2
  • BR: 59
  • CLR: 121
  • Corinthian: 8
  • Cornerstone: 2
  • Crescent Point: 2
  • Denbury: 5
  • Emerald: 30
  • Enduro: 22
  • EOG: 52
  • ERF: 5
  • Fidelity: 15
  • Gadeco: 2
  • Hess: 150
  • HRC: 21
  • Hunt: 11
  • KOG: 22 (inaccurate, because many have been turned over to WLL)
  • Legacy: 14
  • Liberty Resources: 4
  • Luff: 1
  • Mountain Divide: 1
  • MRO: 43
  • Murex: 3
  • Newfield: 22
  • North Plains: 2
  • Oasis: 110
  • OXY USA: 34
  • Peregrine: 1
  • Petro Harvester: 2
  • Petro-Hunt: 46
  • Petrogulf: 2
  • QEP: 37
  • Roff Operating: 1
  • Samson Resources: 7
  • Sinclair: 2
  • Slawson: 30
  • SM: 26
  • Statoil: 25
  • Triangle: 27
  • Welter: 1
  • Whiting: 109 (includes KOG permits converted to WLL)
  • WPX: 20
  • XTO: 100
  • Zargon: 2
  • Zavanna: 10
458 wells reported IPs.

Of those 458 wells, 40 were non-Bakken wells, mostly Madison and Spearfish, one Lodgepole.

Of the Bakken wells that reported IPs:
  • the lowest: #27462, 73, Hess, LK-Bice-LW-147-97-1201H1, Big Gulch, t10/14; cum 2K 11/14;
  • the highest: #27553, 3,645, XTO, Walton Federal 41X-19H, Bear Den, t9/14; cum 71K 11/4;
  • number of wells between 73 and 100 bbls IP = 6
  • number of wells between 101 and 200 bbls IP = 17
  • number of wells between 201 and 300 bbls IP = 21
  • number of wells between 301 and 400 bbls IP = 22
  • number of wells between 401 and 500 bbls IP = 18
  • number of wells between 500 and 700 bbls IP = 53
  • number of wells between 701 and 1,000 bbls IP =  80
  • number of wells between 1,001 and 1,200 bbls IP = 32
  • number of wells between 1,201 and 1,400 bbls IP = 29
  • number of wells between 1,401 and 1,600 bbls IP = 30
  • number of wells between 1,601 and 1,800 bbls IP = 29
  • number of wells between 1,801 and 2,000 bbls IP = 20
  • number of wells between 2,001 and 2,400 bbls IP =36
  • number of wells between 2,401 and 2,600 bbls IP = 12
  • number of wells between 2,601 and 3,000 bbls IP = 10
  • number of wells over 3,001 bbls IP = 4
The other three wells reporting IPs over 3,000 bbls:
  • 27408, 3,668, Whiting, Koala 4-4-29-1H, Poe, t11/14; cum 4K 11/14; (a KOG well)
  • 28221, 3,347, Whiting, Brehm 13-7H, Sanish, t8/14; cum 86K 11/14;
  • 27556, 3,511, XTO, Kaye Federal 43X-4B, Lost Bridge, t7/14; cum 79K 11/14;
Of the Bakken wells reporting an IP:
  • average IP of 419 Bakken wells reporting IPs: 1,151 bbls
There were three Bakken wells that were still on the confidential list,  had not reported an IP, but were producing, but may not yet be completed (it was hard to tell) based on low early production numbers.

There were 109 Bakken wells that were on the confidential list, had not reported an IP, but were producing, and based on the production, it appears they have been fracked. Whiting has 22 wells on this list. Oasis has 13 wells on this list.

By county:
  • Dunn: 173
  • McKenzie: 439
  • Mountrail: 234
  • Williams: 183
  • Divide: 76
  • Golden Valley: 2
  • Bowman: 6
  • Renville: 12
  • Billings: 22
  • Stark: 26
  • Burke: 31
  • Bottineau: 39
Status of Bakken wells not yet reporting an IP:
  • Bakken wells on the confidential list: 334
  • Bakken wells on DRL status: 222
  • Two of the Bakken wells on DRL status are showing huge production
  • One well that had been on DRL status is now on CONF status
  • One well that had been on DRL status is now on LOC status

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