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Monday, November 23, 2020

Closer Look At The Winning Bids For Almost The Entire Section 36-159-102 -- November 23, 2020

From the quarterly land lease sales, November, 2020:

Williams County.

  • four lots (the entire section 36 except for 160 acres in S2-36-102-36):
    • NW4, 159-102-36
      • bidder: Lone Tree Energy
      • 160 acres
      • $24/acre
    • SE4, 159-102-36
      • bidder: Lone Tree Energy
      • $25/acre
      • 80 acres
    • NE4, 159-102-36
      • bidder: Lynx Oil
      • just slightly less than 160 acres
      • $26/acre
    • SW4, 159-102-36
      • bidder: Lynx Oil
      • 80 acres
      • $26/acre

These four lots probably come close to calling any wells drilled here: wildcats. This is in the far northwest corner of Williams County, Bar Butte oil field. There are absolutely no producing wells in this 18-section oil field. There are three locations on one pad in section 26-159-102: one location is on the confidential list but it's a salt water disposal well; the other two locations still on loc status.

  • 37829, conf, Koda Resources, Porter 26-2 SWD, Bar Butte,
  • 37447, loc, Koda Resources, Porter 2635-1BH, Bar Butte,
  • 37448, loc, Koda Resources, Porter 2635-2TH, Bar Butte,

Say what you want, but I think the tea leaves are telling us something. 

From the well file for #37448:

  • sections 25/36-159-102
  • geologic tops
    • top of middle Bakken: 9,978'
    • top of Three Forks (B1): 10,185
      • middle Bakken: 207' thick;
  • elsewhere:
    • top of middle Bakken: 9,965'
    • top of Three Forks: 10,144
      • middle Bakken: 179' thick;

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