Six (6) New Permits -- December 7, 2015

A reader just sent me a note telling me he received a very nice offer for his minerals up in the Bakken. He says a lot of landmen and others are trying to buy mineral acres "on the cheap" citing slump in oil prices, etc. Just a word of caution: apparently "good" Bakken is still going for nice rates; be very, very careful in this environment if you are a seller.

There are some interesting auction sites for selling minerals which, based on the reader's note, provide some insight into how much one's minerals might be worth. I assume blogs / sites for mineral owners would be a good place to start. If this is a significant financial endeavor, I think most would highly recommend professional advice.

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Active rigs:

	12/7/2015	12/07/2014	12/07/2013	12/07/2012	12/07/2011
Active Rigs	64	188	193	181	200

Six new permits --

• Operator: EOG (3), XTO (2), Whiting
• Field: Parshall (Mountrail), Bear Creek (Dunn), Truax (Williams)
• Comments:

Wells coming off confidential list Tuesday:

• 30675, dry, Hess, BL-Odegaard-156-95-2116H-9, Beaver Lodge, this well was to target the Three Forks; was to be 1280-acre spacing (change from original 4-section spacing); appears only to have drilled vertically; no KOP or horizontal drilled; no sundry form explanation; perhaps geologists were not impressed with core samples? 
• 31230, SI/NC, Statoil, Charlie Sorenson 17-8E 1H, Alger, no production data,

Petro-Hunt and HRC each renewed a permit, a Sabrosky permit in Dunn County, and a Pasternak permit in Williams County, respectively.

Three (3) producing wells completed:

• 28578, 1,929, Petro-Hunt, Dolezal 145-97-7D-6-2H, Little Knife, t10/15; cum 14K after 17 days;
• 29488, 2,287, Statoil, Charlie Sorenson 17-8 7TFH, Alger, t11/15; cum --
• 30232, 2,405, BR, Sun NOtch 43-32MBH, Sand Creek, pay zone 20-fee thick, in the target zone 95%; above the zone, 5%; vertical depth for the target zone, 10,573 feet; 4 sections, t11/15; cum --