Later, 8:19 p.m. Central Time: a reader sent in a comment wondering about the two Halcon permits and their relationship to Crescent Point Energy pads. It turns out, Crescent Point Energy has two wells in the same field (the Church oil field) and almost right next to the Halcon permits that were canceled. The two Halcon permits were for wells to be drilled in section 33-158-100. Meanwhile, Crescent Point has a producing well (#27468) in section 32-158-100, about a half mile to the west; and a producing well (#23586) in section 31-158-100, about a mile and a half to the west from the two canceled Halcon permits.
Original PostActive rigs:
There are no wells coming off the confidential list Thursday.
Seven new permits:
- Operators: BR (5), Hess (2)
- Field: Killdeer (Dunn), Ross (Williams)
- Comments: all BR permits are on the Lincoln Hill pad. It looks like there is an error on the daily activity report. Two permit numbers are missing from the report. the report showed only the BR permits, not the two Hess permits.
No producing wells completed.
"Open Season" For The Bakken Pipeline System
From Zacks which looks like a press release from ETP:
Dakota Access LLC and Energy Transfer Crude Oil Company LLC , an arm of Energy Transfer Partners, L.P. ETP, together declared the supplemental binding open season for Bakken Pipeline. Both Dakota Access and ETCO are involved in the operation and development of the pipeline. The open season started on Aug 12, 2016.
Both Dakota Access and Energy Transfer Crude Oil Company revealed that the incremental carrying capacity for the pipeline will be decided on shippers’ commitment.
The open season is meant to judge shippers’ demand for the pipeline from Bakken/Three Forks play to multiple markets. It is to be noted that Bakken Holdings Company LLC has a 75% interest in each of ETCO and Dakota Access. The residual 25% interest belongs to Phillips 66 PSX.
Investors should also know that Energy Transfer Partners LP has a 60% ownership interest in Bakken Holdings while the remaining 40% is in the possession of Sunoco Logistics Partners LP SXL.