Daily Activity Report -- Another "Silent Deal" In The Bakken? Friday -- June 10, 2022

WTI: after all of this, WTI settled at $120.70.

Active rigs in North Dakota: 40 or thereabouts.

Seven new permits, #39005 - #39011, inclusive:

• Operator: CLR
• Field: Jim Creek (Dunn County)
• Comments:
• CLR has permits for seven wells in SWSE 28-146-96, 
• to be sited between 638 FSL and 928 FSL and between 924 FWL and 1047 FWL
  

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