Three More DUCS; Oasis Acquires 156 SM Energy Wells In North Dakota -- March 8, 2017

Active rigs:

	3/8/2017	03/08/2016	03/08/2015	03/08/2014	03/08/2013
Active Rigs	45	33	114	191

Three wells coming off confidential list Thursday:

• 25410, SI/NC, QEP, MHA 1-10-14H-149-91, Heart Butte, no production data,
• 32449, SI/NC, SM Energy, Donna Buddy 15B-20HN, Amrose, no production data,
• 32458, SI/NC, Hess, BB-Federal 151-95-1708H-9, Blue Buttes, no production data,

Two new permits:

• Operator: Marathon
• Field: Reunion Bay (Mountrail)
• Comments:

Sixteen permits renewed:

• Whiting (9): four P Earl Rennerfeldt permits; two P Lynch permits; two Koala permits, and a Sue permit, all in Williams County
• WPX (3): three Ruby Parshall permits, all in McKenzie County
• Oasis: a Patsy permit in McKenzie County
• Petro-Hunt: an M. Thorson permit in Burke County
• Thunderbird Resources: a Watson permit, McKenzie County
• Hunt: an Oakland permit, Mountrail County

Operator Transfer: from SM Energy to Oasis, 156 wells; back in October, 2016: Oasis - SM Energy deal, October, 2016: SM Energy sells 55,000 non-Divide County acres to Oasis; $785 million deal:

• oldest permit: 07503
• most recent oil and gas permit: 31066
• almost all in McKenzie County
• four (or thereabouts) in Williams County; and no other counties 
• several wells with the following familiar Bakken names:
• Stenehjem
• Bonner
• James
• Koeser
• Broderson
• Ceynar
• Norby
• Eckert
• Holm 

History: from my notes over at the "Bakken Operator page":

SM (previously St Mary Land and Exploration)

• Daily activity report: 156 SM Energy wells transferred to Oasis 
• Is SM Energy exiting the Bakken completely? It appear so. January 25, 2017.
• Oasis - SM Energy deal, October, 2016: SM Energy sells 55,000 non-Divide County acres to Oasis; $785 million deal 
• 3Q14: 238,000 net acres in the Williston Basin; new acreage in Gooseneck prospect in central Divide
• 202,000 + 7,0000 acres = 209,000 acres; sells non-core assets; now down to about 159,000 net acres in the Bakken
• Filloon says SM has 202,000 net acres (4Q11)
• 2 rigs; a third sometime late 2011 
• 4Q11: 8,200 boepd
• 3Q11: 5,300 boepd
• Was a natural gas company; moving to oil; still (4Q11) 56% natural gas