Thursday, March 12, 2015

Twenty-One (21) New Permits -- March 12, 2015

Active rigs:


3/12/201503/12/201403/12/201303/12/201203/12/2011
Active Rigs111193187201173

Twenty-One (21) new permits --
  • Operators: Corinthian (8), Oasis (5), XTO (3), SM Energy (3), CLR, EOG
  • Fields: Souris (Bottineau), Camp (McKenzie), Siverston (McKenzie), Poe (McKenzie), Long Creek (Williams),  Parshall (Mountrail)
  • Comments:
Wells coming off the confidential list Friday:
  • 28469, drl, Hess, EN-Rehak-155-93-0718H-8, Alger, no production data,
  • 28664, drl, MRO, Kerkhoff 14-8H, Murphy Creek, no production data,
  • 28886, drl, Zavanna, Gust 2-11 2H,  Long Creek, no production data,
  • 29011, drl, XTO, Nelson 24X-11A, Garden, no production data,
  • 29053, drl, Stephens Production, York 3-9, wildcat, 3-156-82, no production data,
  • 29231, drl, Statoil, Heen 26-35 4TFH, Todd, no production data,
This is the second well for Stephens Production; its first well, #25603, Matson 3-1, 3-157-82, was reported as dry back in mid-2013. The York well is about a mile south of t2)he Matson well, and about 6 miles north of Minot (near the Glenburn oil field.

Permits canceled:
Whiting cancels eleven (11) permits in the following counties: McKenzie (4), Dunn (5), Williams (2).
EOG cancels two (2) permits, both in Burke County.
Petro-Hunt cancels one permit, in McKenzie County.
Emerald Oil is canceling two (2)  Ron Burgundy wells in Williams County.

I believe I have heard through the grapevine that Whiting is offering for sale some non-core assets, or its positions in non-operated wells. I could be wrong on that; I don't know if there has been an official press release or news item to that effect. This is outside the WSJ article that Whiting, the company, is looking to be bought. It's also possible these permits are old KOG permits that are going to be "re-accomplished." The Whiting permits that have been canceled have these key words in their names: Koala (1), Moccasin Creek (1), Skunk Creek (4), Smokey (3), and Nystuen (2).

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