From the NDIC daily activity report, June 10, 2022.
Change of operator: 200+ wells in the North Dakota Bakken --
- from: Resource Energy CAN-AM LLC
- to: Formentera Operations LLC
- here it is, effective November 1, 2021:
- Effective November 1, 2021, Formentera Operations LLC (“Formentera”) acquired Resource Energy Can-Am LLC’s (“Resource”) assets.
- website: Formentera Operations.
- not yet at "Well Search" at the NDIC web site;
- based in Austin, TX
- founded in 2022: Bryan Sheffield, Blake London, Paul Treadwell
- first acquisition: assets in Texas panhandle, $121 million
- production 30 million cubic feet equivalent per day from about 200 wells (conversion here) (or here).
- these sound like stripper wells
- not confirmed but likely were Oklahoma-based privately held Tapstone Energy's Stiles Ranch assets; link here.
- if Bryan Sheffield sounds familiar, see this Forbes article
- founded Parsley Energy in 2008
- after Parsley acquired by Pioneer Natural Resources, Sheffield and two partners founded Formentera in 2020
- Resource Energy CAN-AM LCC tracked here. Last entry:
Resource Energy Can-Am, LLC
- acquires Blue Ridge Mountain (formerly Magnum Hunter) Divide County assets, $35 million; April, 2017
- acquires 130 wells from Samson Resources, $75 million; January, 2017
- to buy 87 wells from American Eagle; noted December 29, 2015
- Enduro Operating LLC of San Antonio, TX sold four wells to Resource Energy Can-Am LLC, December 9, 2015, NDIC briefing
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