Thursday Late Night Notes, Part II: Twelve (12) Producing Wells Completed; Four (4) New Permits; Eleven (11) High-IP Wells Reported; Thirteen (13) Wells Coming Off Confidential List Friday -- June 11, 2015

Updates

August 15, 2015: there was a press release, same subject, dated August 12, 2015; not sure if there was anything new in that release, but linked here just in case. 
 

Original Post

24/7 Wall Street is reporting:

In a deal announced Thursday morning, independent oil and gas producer Hess Corp. said it had sold a 50% stake it its midstream assets in the Bakken shale play to Global Infrastructure Partners for $2.675 billion. 

The two companies will form a joint venture to be called Hess Infrastructure Partners, which will continue to pursue the proposed initial public offering (IPO) of common units in Hess Midstream Partners L.P.

I've completely lost the bubble on all the midstream assets in the Bakken, but readers might remember this post from a year ago involving Williams and Global Infrastructure Partners II. The blog had another post regarding same company and Chesapeake. From that same 24/7 Wall Street article linked above:

For its part, Global Infrastructure Partners has substantial experience with midstream assets. The private equity firm paid $2 billion in 2012 for Chesapeake Energy Corp.’s stake and general partner units in Chesapeake Midstream before selling its stake in what was then called Access Midstream to Williams Companies Inc.  last year for $6 billion.

See Global Infrastructure Partners' website here. 

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Daily Activity Report

Active rigs:

	6/11/2015	06/11/2014	06/11/2013	06/11/2012	06/11/2011
Active Rigs	77	188	187	210	169

Four (4) new permits:

• Operators: Newfield (2), EOG, MRO
• Fields: Westberg (McKenzie), Parshall (Mountrail), Reunion Bay (Mountrail)
• Comments:

Twelve (12) producing wells completed:

• 26157, 3,869, Statoil, Johnston 7-6 4H, Banks, t5/15; cum --
• 28085, 375, CLR, Holte 3-32H1, Stoneview, t5/15; cum 32K 4/15; choked way back;
• 28231, 2,297, MRO, Elmer USA 14-11TFH, Chimney Butte, t4/15; cum 12K 4/15; 
• 23262, 2,622, MRO, Mesa Verde 44-22MBH, Clear Creek, t3/13; cum 176K 4/15;
• 28263, 3,031, MRO, Morean USA 34-12H, Lost Bridge, 4 sections, t5/15; cum --
• 28415, 2,143, MRO, Karmen USA 44-11TFH, Chimney Butte, t5/15; cum --
• 28416, 2,098, MRO, Johnny USA 34-11H, Chimney Butte, t4/15; cum 8K 41/5;
• 28781, 1,080, BR, Hammerhead 31-26TFH, Sand Creek, t5/15; cum --
• 29003, 2,166, MRO, Victor USA 34-12TFH, Lost Bridge, 4 sections, t6/15; cum --
• 29004, 2,197, MRO, Gulbrand USA 44-12TFH, Lost Bridge, 4 sections, t5/15; cum --
• 29438, 1,344, XTO, Sorenson 14X-33F, Siverston, t5/15; cum --
• 29596, 1,195, MRO,  Palmer 31-25TFH, Reunion Bay, t3/15; cum 11K 4/15;

No permits canceled.

Wells coming off confidential list Friday:

• 27858, 236, EOG, Parshall 152-0806H, Parshall, ICO, 63 stages, 18 million lbs, t12/14; cum 126K 4/15;
• 28050, 1,214, Hess, BL-Iverson-155-95-1819H-7, Beaver Lodge, t41/5; cum 26K 41/5;
• 28077, SI/NC, Oasis, Helling Trust Federal 5494 42-22 15T3, Alkali Creek, no production data,
• 28078, SI/NC, Oasis, Helling Trust Federal 5494 42-22 9T, Alkali Creek, no production data,
• 28225, 174, Triangle, Paulson 150-101-23-14-3H, Rawson, t1/15; cum 48K 4/15;
• 28425, drl/NC, Oasis, Wade Federal 5300 41-30 6B, Baker, no production data,
• 28558, SI/NC, Oasis, Wade Federal 5300 41-30 8T2, Baker, no production data,
• 28560, 1,373, Newfield, Johnson 150-99-34-27-4H, South Tobacco Garden, t3/15; cum 32K 4/15;
• 28753, 259, Hunt, Smoky Butte 160-100-32-29H-1, Smokey Butte, t2/15; cum 13K 4/15;
• 28855, SI/NC, Oasis, Helling Trust Federal 5494 41-22 8T, Alkali Creek, no production data,
• 28902, 622, Oasis, Harbour 5601 42-33 5T, Tyrone, t2/15; cum 20K 4/15;
• 29428, SI/NC, BR, Teton 3-8-10MBH, Camel Butte, no production data,
• 29929, SI/NC, Statoil, Paulson 36-1 4H, Briar Creek, no production data,