Updates
October 11, 2024: XTO transferring Williams County wells to CLR.
February 23, 2023: the reader was exactly correct. The reader noted that CLR was likely to acquire some XTO wells back in 2022 (in this case, the Christiana wells in West Capa) and that's exactly what transpired.
February 22, 2023: a huge "thank you" to the reader who alerted me to the Kiefel wells. I much appreciate the back story. I am always amazed how many lives my brother touched.
February 22, 2023: see comments. It appears the the two CLR Kiefel wells (#38985 and #38986) have been drilled to depth, the wells have not yet been fracked. If already fracked, the paperwork has not yet caught up, but one would expect "runs" to be reported if the wells had already been fracked. See this note.
August 7, 2022: reader suggests CLR will acquire XTO Christiana wells in West Capa. I haven't seen "change of ownership" over at NDIC yet.
Original Post
A reader asked if I had any thoughts on who might buy XOM's assets in the Bakken?
My brief, not-ready-for-prime-time reply:
No idea. Unless they break it up, it would have to be someone with deep pockets. Even CLR / Harold Hamm couldn’t handle but I bet he’s looking.COP (BR) is in the Bakken; they have deep pockets and (XTO) does have decent locations.More likely, private equity but I can’t believe XOM will get top price. If priced too high, folks would prefer the Permian.
