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:

Date	Oil Runs	MCF Sold
12-2014	15299	16298
11-2014	17864	19401
10-2014	19149	19390

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

Date	Oil Runs	MCF Sold
12-2014	13158	13870
11-2014	19940	22327
10-2014	35077	33716

 
28265, see above, QEP, Kirkland 14-23-13-24LL, Grail:

Date	Oil Runs	MCF Sold
12-2014	15412	10899
11-2014	22154	14623
10-2014	19550	21468
9-2014	134	1

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

Date	Oil Runs	MCF Sold
12-2014	4030	1507
11-2014	7387	2860
10-2014	23092	5131
9-2014	34678	5509
8-2014	8271	0

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

Date	Oil Runs	MCF Sold
12-2014	13174	7573
11-2014	9594	4464
10-2014	8313	4105
9-2014	9991	2998
8-2014	1785	0

 
27823, see above, Petro-Hunt, Moberg 159-94-20B-29-1HS, North Tioga:

Date	Oil Runs	MCF Sold
12-2014	13881	0
11-2014	4439	0
10-2014	0	2535

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

Date	Oil Runs	MCF Sold
12-2014	0	11520
11-2014	5629	0

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Active rigs:

	2/10/2015	02/10/2014	02/10/2013	02/10/2012	02/10/2011
Active Rigs	138	196	185	203	165

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