Mountrail County Joins Williams County: Moratorium on Man-Camps -- Bakken, North Dakota, USA

Link here.

Some data points:

• For newbies, the North Dakota Bakken is concentrated in four counties: Williams, Mountrail, McKenzie, and Dunn.
• Williams County announced a six-month moratorium on new man-camps starting this month (September, 2011). 
• Mountrail County announced an 18-month moratorium on new man-camps effective immediately (September, 2011). 
• The fracking backlog appears to be getting worse, not better.
• Most motels in Williston contract out the entire motel to a specific oil or oil service company. One of the few motels that still offered rooms on a reservation basis will now contract out the entire motel to an oil service company beginning November 1, 2011. 

For every action there is an equal and opposite reaction.

Chaos is self-organizing.

BEXP, Whiting, CLR -- Motley Fool

Link here.

Whiting and BEXP have some very nice gross, operating, and net margins.

Nine (9) New Permits -- Bakken, North Dakota, USA

Daily activity report, September 27, 2011 --

Operators: CLR (4), Denbury Onshore (2), Slawson (2), Zenergy

Fields: Assiniboine, Big Bend, Demores, Siverston, St Demetrius, North Tobacco Garden, and Elk.

Slawson has permits for a 2-well pad.

Three wells were released from confidential status; none reported an IP and all went on the DRL list. The fracking backlog continues. Three wells, and not one completed.

The Dusty Streets Of Williston - Bakken, North Dakota, USA

Today was an absolutely beautiful day in the Bakken. One could not ask for a nicer day.

It was the perfect day to take photos of the busiest street in Williston. There may be roads just outside Williston and on the edges of Williston that are busier, but there is no street in Williston busier than 2nd Street West on the southwest side of town.

All trucks leaving this side of town, must bypass through the grain elevator industrial park area, and then make a left turn onto 2nd Street West, before heading west out of town and toward Montana. It's a clear shot, but unfortunately it requires one more left turn on the busy bypass to get on the highway.

Be that as it may, it leaves 2nd Street West as the busiest street in Williston. So I thought I would take some photos of the street. The photos below were taken at 5:30 p.m. just as the evening traffic begins to get heavy.

One photo is looking west, one looking east. Absolutely gorgeous photos except for the dust.

Yup, this is the busiest street in the busiest town in the Bakken at 5:30 p.m. on a Tuesday. 

[The bypass / Million Dollar Way intersection north of town is much busier, but it is an intersection of two highways, and not a "street" in Williston.]

It reminds me of the streets of Laredo:

NOG -- IPAA Presentation -- September, 2011 -- Bakken, North Dakota, USA

Link here (even if you don't get the audio, you can review the slides). I doubt the slides will stay up long, but they will most likely be available at NOG's website.

Some data points (some numbers rounded):

• Increased net acreage from 147,407 acres to 155,000 acres; analyst's estimate at end of 2010: 130,000 net acres
• Participated in >650 gross Bakken/TFS wells; extensive knowledge of the Bakken for a non-driller
• Net well inventory at 3 MB / 3 TFS wells/spacing unit: 726 net
• Acquired 12,700 net acres at $1,995/acre in 2Q11
• No debt
• Reserves: 120% increase since 12/31/10
• PV10: 200% increase since 12/31/10
• Conservative estimates
• Estimating 30 - 40 percent production growth 3Q11 over 2Q11
• Average cost per well: $6.5 million (compare with $9.5 million for KOG)

Unique business plan as I have noted many, many times