Tolley 8-9H: No News

I've been watching this well for quite some time -- watching from a distance, but nothing to announce yet.

This is file # 17719, section 9-161-86, in the Tolley oil field (a very small field) on the eastern edge of the Williston Basin, but not as far east, and not as far north as the Spearfish / EOG wells in Bottineau County.

Tolley 8-9H is not on the NDIC confidential well list (if it was there at one time, it was removed on/about March 17, 2010, when some information was released): my database shows that on March 17, 2010, the well had reached a depth of 8,000 feet and was targeting the Madison. The NDIC does not report its total depth yet. At "well search" on the NDIC site, it shows the status of the well as DRL (drilling).

So we wait.

106 rigs!

Yup. 106 active rigs today. 

The number of active rigs will vary up and down two to three rigs each day, but the trend will continue to go up. 

BEXP's Presentation: IPAA

BEXP's corporate presentation, April 12, presented at  IPAA's investment symposium. When you get to this site, click on "corporate presentation" at the top of the left sidebar. BEXP has one of the best webpages out there. Their corporate presentation is always updated to most recent presentation.

Note the stepped-up drilling program for 2010.

American Energy: Request for 16 Wells in Williams County

Remember American Energy? The company recently announced they would sell all assets in the Wyoming Powder River Basin and become a Bakken pure play energy company.

It didn't take long for American Energy to act. AEZ requested permission to drill 16 wells in Williams County; see the NDIC April dockets:

Case 12392: American Oil and Gas, 16 wells in Williams Country.

Specifically: "...establishing sixteen 1280-acre drilling or spacing units consisting of Sections 30 and 31, T.158N., R.96W.; Sections 6 and 7, T.157N., R.96W.; Sections 1 and 12; Sections 2 and 11; Sections 3 and 10; Sections 5 and 8, T.157N., R.97W.; Sections 14 and 23; Sections 25 and 36; Sections 26 and 35, T.157N., R.98W.; Sections 5 and 8; Sections 17 and 20; Sections 26 and 35, T.156N., R.97W.; Sections 17 and 20; Sections 18 and 19; Sections 29 and 32, T.156N., R.98W.; and Sections 4 and 9, T.155N., R.97W., Williams County, ND;..."


This area is completely undeveloped; no activity in the immediate area. If any success here, American will open up a whole new area, adjacent to the Midway and Ray oil fields, both of which are very small and relatively inactive. 


American currently has four wells of interest:

SUMMERFIELD 15-15H (2,178 bopd)

SWSE 15-T147N-R96W (Bear Creek)

BERGSTROM 15-23H (3,049 boepd)

SWSE 23-T156N-R98W (wildcat)

RON VIALL 1-25H (2,844 boepd)

SWSE 25-T156N-R98W (wildcat)

TONG TRUST 1-20H (1,421 bopd)

SWSE 20-T157N-R96W (Ray oil field)

The two wildcats are just a few miles west of the Ray oil field.

I don't own any shares of AEZ, but I truly hope these are all good wells. You have to give AEZ a lot of credit for "going all in" -- with these wildcat wells in this area of the Williston Basin.

An Orion Belt in Oakdale Oil Field

CLR has four new permits that line up perfectly to form an Orion Belt in Oakdale oil field, southwest of the Fort Berthold Indian Reservation, in section 26-T147N-96W.

They are:

18858, Morris 3-26H
18859, Carson Peak 3-35H
18860, Morris 2-26H
18861, Carson Peak 2-35H

The Morris wells will go north (sections 26 -23) whereas the Carson Peak wells will go south (sections 35 - 2). I assume they are long laterals based on other wells in the immediate area.