CLR Acquires Certain XTO Wells -- August 26, 2022

From daily activity report, August 26, 2022 

Change of operator, from XTO Energy to CLR.

• 28941, Allen, Williams County
• 28940, Allen, Williams County
• 28942, Allen, Williams County
• 28939, Allen, Williams County
• 18893, Allen, Williams County
• 22514, Thaxton, Williams County
• 25369, Thaxton, Williams County
• 25368, Thaxton, Williams County
• 22515, Thaxton, Williams County
• 30664, Smouse, Williams County
• 30917, Smouse, Williams County
• 30665, Smouse, Williams County
• 30652, Smouse, Williams County
• 17823, Smouse, Williams County
• 34986, Roxy, Williams County
• 34985, Roxy, Williams County
• 26843, Roxy, Williams County
• 26844, Roxy, Williams County
• 26845, Roxy, Williams County
• 22681, Roxy, Williams County
• 26821, Boe State, Williams County
• 26822, Boe State, Williams County
• 18620, Boe State, Williams County
• 34918, Christiana, Williams County
• 34919, Christiana, Williams County
• 34920, Christiana, Williams County
• 22139, Christiana, Williams County
• 20062, Cchristiana, Williams County
• 21898, Vancce, Williams County
• 18894, Woodrow, Williams County
• 21899, Ccolette, Williams County
• 21495, Clyde Hauge, Williams County

CLR Drilling Wells In XTO Drilling Units -- A Random Note -- August 25, 2022

A reader had a question regarding XTO and CLR. See this post. 

For background, google xto sell Bakken. 

I'll tag these stories: XTO_Divest_2022. 

So, far it looks like XTO has not made a decision how to go about this divestiture. I assume XTO is "sharing" in the costs of drilling these new CLR wells, but not necessarily. XTO could simply be a royalty owner like any other.  

*****************************
Safety Glasses>

With a family friend.

CLR's Allen Wells And CLR's Boe State Wells In XTO Drilling Units In Dollar Joe And Beaver Lodge -- August 24, 2022

From the daily activity report dated August 24, 2022:

Six new oil and gas permits, #39193 - #39198, inclusive:

• Operator: CLR.
• Field: Dollar Joe (Williams); Beaver Lodge (Williams)
  
• Comments:
• CLR has permits for three Allen wells and three Boe permits, all in section NWNW 16-155-96; 
• to be sited 430 FNL and between 575 FWL and 800 FWL
  

Despite being sited in 16-155-96 which is in Beaver Lodge, based on the report, two wells will be in Dollar Joe.  The other four will be in Beaver Lodge, but one as a section line well. Everything suggests three will run directionally east to west into sections 17/18-155-97, Dollar Joe, and then swing north to south in sections 17/20-155-97. 

The other three will go directly from the pad into the drilling unit, sections 5/8-155-96, Beaver Lodge, with the section line well also a Beaver Lodge well.

If so, existing wells in sections 17/20-15597 and new CLR permits:

• 18893, 1,142, XTO, Allen 21X-17, Dollar Joe, t6/11; cum 186K 6/22; was off line 4/21 - 5/22; just came back on line;
• 28942, 605, XTO, Allen 21X-17F, Dollar Joe, t6/11; cum 78K 6/22;
• 28941, 1,245, XTO, Allen 21X-17B, Dollar Joe, t3/15; cum 100K 6/22; was off line 6/21 - 5/22; just came back on line;
• 28940, AB/1,280, Allen 21X-17E, t3/15; cum 107K 5/21;
• 28939, 1,172, XTO, Allen 21X-17A, Dollar Joe, t3/15; cum 134K 6/22; was off line 10/20 - 5/22; just came back on line;
• 39193, conf, CLR, Allen 6-17H, Dollar Joe,
  
• 39194, conf, CLR, Allen 7-17H, Dollar Joe,
• 39195, conf, CLR, Allen 8-17HSL, Beaver Lodge,
  

Existing wells in sections 5/8-155-97 and new CLR permits:

• 26821, 1,298, XTO, Boe State 31X-16D, Beaver Lodge, t7/14; cum 143K 6/22; was off line 4/21 - 5/22; just came back on line;
• 26822, 607, XTO, Boe State 31X-16H, Beaver Lodge, t7/14; cum 114K 6/22;
• 26823, 753, XTO, Boe State 31X-16C, Beaver Lodge, t7/14; cum 101K 6/22; was off line 1/21 - 5/22; just came back on line;
• 18620, 400, XTO, Boe State 31X-16, Beaver Lodge, t7/10; cum 137K 6/22;
• 39196, conf, CLR, Boe State 5-16H, Beaver Lodge,
• 39197, conf, CLR, Boe State 6-16H, Beaver Lodge,
• 39198, conf, CLR, Boe State 7-16H, Beaver Lodge,

Reader: Who Might Buy XOM's Assets In The Bakken? March 13, 2022

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.

See poll at sidebar at the right. Feel free to write me or comment with ideas. I should have added MRO, but I'm not going to change the poll.