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Tuesday, February 10, 2015

Active Rigs In North Dakota Stabilizing At High 130's; Eleven (11) New Permits; Whiting Cancels Six (6) KOG Smokey Permits; Fourteen (14) Wells Come Off Confidential Wednesday -- February 10, 2015

Coming off the confidential list Wednesday:
  • 21537, drl, Enerplus, Hidatsa 150-94-32C-29H, Spotted Horn, no production data,
  • 26226, 2,364, QEP, Kirkland 1-23-14BH, Grail, t10/14; cum 53K 12/14;
  • 26227, 2,383, QEP, kirkland 2-23-14BH, Grail, t10/14; cum 68K 12/14;
  • 27036, 137, EOG, Parshall 41-1509H, Parshall, a big well, but interesting production profile, t8/14; cum 78K 12/14;
  • 27392, 456, Fidelity, Barnharts 20-17H, Heart River, producing, a nice well for Fidelity, t9/14; cum 44K 12/14;
  • 27823, see below, Petro-Hunt, Moberg 159-94-20B-29-1HS, North Tioga, a nice well, t11/14; cum 19K 12/14;
  • 28265, see below, QEP, Kirkland 14-23-13-24LL, Grail, t10/14; cum 58K 12/14;
  • 28345, drl, BR, Copper Draw 41-27MBH-ULW, Croff, no production data,
  • 28373, drl, Hess, AN-Brenna-153-94-3130H-8, Antelope, no production data,
  • 28642, drl, CLR, Boston 2-25H, Brooklyn, no production data,
  • 28833, drl, SM Energy, Waters 3B-28HS, Ambrose, no production data,
  • 28870, drl, Hess, GN-Halseth-158-97-3130H-3, New Home, no production data,
  • 28970, 2,690, Statoil, Syverson 1-12 8H-R, Stony Creek, interesting production profile, t11/14; cum 7K 12/14;
  • 29022, drl, Slawson, Bootleg 8-14-15TF2H, Stockyard Creek, no production data,

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Production from wells coming off confidential list Wednesday:

26226, see above, QEP, Kirkland 1-23-14BH, Grail:

DateOil RunsMCF Sold
12-20141529916298
11-20141786419401
10-20141914919390

26227, see above, QEP, kirkland 2-23-14BH, Grail:

DateOil RunsMCF Sold
12-20141315813870
11-20141994022327
10-20143507733716
 
28265, see above, QEP, Kirkland 14-23-13-24LL, Grail:

DateOil RunsMCF Sold
12-20141541210899
11-20142215414623
10-20141955021468
9-20141341

27036, see above, EOG, Parshall 41-1509H, Parshall:

DateOil RunsMCF Sold
12-201440301507
11-201473872860
10-2014230925131
9-2014346785509
8-201482710

27392, see above, Fidelity, Barnharts 20-17H, Heart River:

DateOil RunsMCF Sold
12-2014131747573
11-201495944464
10-201483134105
9-201499912998
8-201417850
 
27823, see above, Petro-Hunt, Moberg 159-94-20B-29-1HS, North Tioga:

DateOil RunsMCF Sold
12-2014138810
11-201444390
10-201402535

28970, see above, Statoil, Syverson 1-12 8H-R, Stony Creek:

DateOil RunsMCF Sold
12-2014011520
11-201456290

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Active rigs:


2/10/201502/10/201402/10/201302/10/201202/10/2011
Active Rigs138196185203165

During the harsh winter in North Dakota and with the slump in oil prices, to see a stabilizing of rigs in the high 130's is refreshing. However, a reminder: when the rig count was in the 185 range, Harold Hamm suggested the rig count in North Dakota could drop 90 rigs.  So, we'll see.

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Wells coming off the confidential list earlier today have been posted; see sidebar at the right.

Whiting canceled six (6) permits, they were all KOG Smokey permits (#27386, #27387, #27388, #27389, #27446, #27447; the first four on section 16-149-98; the other two on section 29-149-98). See below. 

Eleven (11) new permits:
  • Operators: Whiting (5), Hess (3), EOG (2), XTO
  • Fields: Twin Buttes (Dunn), Beaver Lodge (Williams), Parshall (Mountrail), Twin Valley (McKenzie), Garden (McKenzie)
  • Comments:
Four (4) producing wells completed:
  • 27721, 163, SM Energy, Almos Farms 1-26HN, West Ambrose, 4 sections, t12/14; cum 3K 12/14;
  • 28714, 541, EOG, Parshall 93-2827H, Parshall, t2/15; cum --
  • 28877, 1,081, Whiting, Solberg 31-2TFH, Ray, t1/15; cum --
  • 28878, 867, Whiting, Solberg 21-2TFH, Ray, t1/15; cum --
These are the six (6) KOG Smokey permits that Whiting canceled. I did this quickly and could be wrong. I often make mistakes. If this information is important to you, go to the source. This blog is not the source on which to make any financial, investment, or relationship decisions.



I'm not sure what to make of these cancellations. Often when a new operator comes in and cancels permits in a great location, the operator will submit applications for new permits in the same area with slightly different parameters (siting locations, formation targets). However, the slump in oil prices changes everything.

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Money Changes Everything, Cyndi Lauper

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