Eighteen Permits Renewed; Oasis With Three New Permits -- January 27, 2017

Active rigs:

	1/27/2017	01/27/2016	01/27/2015	01/27/2014	01/27/2013
Active Rigs	38	47	154	187	190

Three new permits:

• Operator: Oasis
• Field: Banks (McKenzie)
• Comments:

Eighteen (18) permits renewed:

• BR (8): three Cleetwood permits, one Lassen permit, one CCU Burner permit, in McKenzie County; one CCU Golden Creek permit, one CCU Audubon permit, and one CCU Boxcar permit, in Dunn County
• QEP (6): six Tipi V permits in McKenzie County
• Enduro (2): one NSCU permit, Bottineau; and, one MRPSU permit in Renville County
• Lime Rock (2): one State permit and one Kary permit, both in Dunn County

One producing well (a DUC) reported as completed:

• 31226, 1,509, XTO, Harley Federal 24X-15A, Sand Creek, t1/17; cum --

Operator transfer:

• about 130 wells
• from: Emerald Oil, Inc
• to: Petro-Hunt Dakota, LLC
• oldest permit: 05748
• most recent permit: 30580
• location: most in McKenzie County; several in Stark County; and a couple in Billings County
• some familiar names: Clark Griswold; Noonan; Mortimer Duke; Mongoose; Joel Goodsen; Excalibur; Lloyd Christmas; Billy Ray Valentine; Talon; Slugger; Pirate; Dean Wormer; Ty Webb; Caper; Hot Rod; and so on

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Bakken Operators

Over at Bakken Operators, note:

Emerald Oil (VOG acquires Emerald Oil, announced July 11, 2012)

• transfers about 130 wells to Petro-Hunt Dakota, LLC; daily activity report, January 27, 2017
• Files for bankruptcy; reached a deal with Latium Enterprises Inc. of England prior to filing; see below, for Latium Enterprises, Inc.
• 122,000 net acre position in the core of the Williston Basin -- presentation, 1Q15; 
• January, 2014: acquires 20,800 net acres in Williams, McKenzie; $3,650/acre; around 70,000 net acres total in the Bakken
• August, 2013: sees 2,850 boepd exit rate in December, 2013;
• June, 2013: a two-rig program
• EOX will sell Colorado acreage; focus on its 48,800 net acres in the Bakken, January 8, 2013
• EOX: effective September 4, 2012; acquired 4,500 net acres; $3,200/acre; McKenzie County; ~ 48,000 net acres in the Bakken?
• VOG to acquire Emerald Oil; will operate as Emerald Oil. July 11, 2012.
• For date regarding VOG/Emerald as of this date (July 11, 2012), scroll down to VOG.  
• On date of announcement, July 11, 2012: Williston  Bakken - 43,500 net acres; Niobrara - 45,000 net acres; Central Montana Heath -- 33,500 net acres
• First operated well to be in Dunn County, North Dakota
• Single-rig drilling program
  

Petro-Hunt

• acquires about 130 wells to Petro-Hunt Dakota, LLC; daily activity report, January 27, 2017
• private, so details not easily found
• very, very active in permitting in last half of 2012
• sold 81,000 acres to HK in 2012
• rumored to have 600,000 acres in the Bakken prior to the Halcon deal; see comment at the link