Active Rigs Hit New Post-Boom Low: 34 -- March 2, 2016; Four Reasons Why The Bakken Scares Saudi Arabia

Active rigs:

	3/2/2016	03/02/2015	03/02/2014	03/02/2013	03/02/2012
Active Rigs	34	120	192	184	205

Two (2) new permits so far today:

• Operator: HRC
• Field: Four Bears
• Comments: a 2-well pad

Wells coming off the confidential list Thursday:

• 28715, 3,899, Whiting, P Johnson 153-98-1-6-7-16H, Truax, t9/15; cum 182K 1/16;
• 29695, 2,312, Whiting, P Bibler 155-99-16-31-8-13H, Truax, t9/15; cum 120K 1/16;
• 29697, 2,581, Whiting, P Bibler 155-99-16-31-7-16H, Stockyard Creek, 9/15; cum 103K 1/16;
• 29698, 1,608, Whiting, P Bibler 155-99-16-31-7-16H3, Stockyard Creek, t9/15; cum 80K 1/16;
• 31461, SI/NC, Statoil, Shorty 4-9F, Stony Creek, no production data,
• 31552, 243, Denbury, CHSU ML31-01NH 05, Cedar Hills, Sourth Red River B, t11/15; cum 12K 1/16;

Three (3) permits renewed, including -

• BR (2), two Cleetwood permits in McKenzie County
• EOG, a Hardscrabble permit in Williams County

Six (6) producing wells completed (in a long note like this there will be typographical and factual errors; if this information is important to you, go to the source, NDIC and FracFocus):

• 28079, 689, Oasis, Helling Trust Federal 5494 42-22 12T2, Alkali Creek, t12/15; cum 4K over first 8 days; no days in 1/16;
• 28431, A, Zavanna, Tomahawk 10-3 2TFH, East Fork, no test date, s7/14; cum 10K over 2.5 months; stand-alone post;
• 28432, A, Zavanna, Tomahawk 10-3 3H, East Fork, no test date, s7/14; cum 64K over 3 months; stand-alone post;
• 30767, 1,644, Statoil, Judy 22-15 7TFH, East Fork, t1/16; cum 3K over 31 days, first month;
• 31397, 1,309, Newfield, Larsen Federal 152-96-9-4-12H, Three Forks according to well summary; s9/29/15; TD, 10/17/15; according to well summary, planned as upper Three Forks; 22.6% drilled in 15; upper Three Forks target zone; 26% drilled in 15' middle Three Forks target zone; no frack data at NDIC site yet, but FracFocus shows the well was fracked 12/15 - 21/2015, using 5,247,480 gallons of water and 13.6% sand by weight ; t2/16; cum --
• 31398, 1,667, Newfield, Larsen 152-96-9-3HLW, Westberg, THREE FORKS 2nd Bench according to well summary, but well evaluation said planned as upper Three Forks well; ended up beint a Upper and Middle Three Forks well; s9/29/15; TD, 10/17/15; 2 sections; 22.6% drilled in 15' upper TF target zone; 26% drilled in 15' middle Three Forks target zone; frack data not availabel at NDIC yet, but FracFocus showed well fracked 12/19-20/2015, with extraordinarily low amount of water, 1,790,754 gallons of water, but extraordinarily high (by percentage) sand, 12.44% by weight of total proppant; will be interesting to see Newfield's frack data; t1/16; cum 35K first 30 days;

Operator transfer, from Triangle USA Petroleum to Burnett Energy, Inc.:

• 10734, Lee 8-32, a Madison well, now a SWD well; drilled back in 1984
• 12282, Lee Family 1-8H; a Madison well, now a SWD well; first drilled back in 1987
• Comment: with these two new wells, Burnett Energy has nine (9) wells in North Dakota dating back to 1985;

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31552, see above, Denbury, CHSU ML31-01NH 05, Cedar Hills:

Date	Oil Runs	MCF Sold
1-2016	3804	815
12-2015	4368	1012
11-2015	3955	835
10-2015	6	1

 29698, see above, Whiting, P Bibler 155-99-16-31-7-16H3, Stockyard Creek:

Date	Oil Runs	MCF Sold
1-2016	9859	8207
12-2015	11210	14930
11-2015	18243	23056
10-2015	14227	15764
9-2015	25820	9112

 
 29697, see above, Whiting, P Bibler 155-99-16-31-7-16H, Stockyard Creek:

Date	Oil Runs	MCF Sold
1-2016	8773	5796
12-2015	14086	19103
11-2015	19917	26525
10-2015	24452	25522
9-2015	35217	8094

 
 29695, see above, Whiting, P Bibler 155-99-16-31-8-13H, Truax:

Date	Oil Runs	MCF Sold
1-2016	21453	27726
12-2015	17958	25726
11-2015	21862	28712
10-2015	25163	28944
9-2015	33510	10202

 
 28715, see above, Whiting, P Johnson 153-98-1-6-7-16H, Truax:

Date	Oil Runs	MCF Sold
1-2016	23323	19581
12-2015	29915	21900
11-2015	39033	27757
10-2015	45139	18411
9-2015	44222	3440