Little Old Lady From Pasadena -- Nothing To Do With The Bakken

For the folks coming down to Pasadena this weekend for the Tournament of Roses Parade and the Rose Bowl. (No, Betty White is not the "little old lady from Pasadena" but something tells me that's something we may see in the next year or so. Smile.)

(Sorry about the size of the picture; I will look for better imbed later.)


Little Old Lady From Pasadena, Jan and Dean

Another Man-Camp: South Heart

From the Dickinson Press, another small man-camp.

Week 51: December 20 - December 26, 2010

There's No Bakken Without Hydraulic Frackin' -- Lynn Helm's Upbeat Report

EOG Not Hitting On All Cylinders

SM Outlook For North Dakota

Tyler Formation: It Hasn't Been Forgotten

Three Bakken Plays (For Investors) -- A Flashback

Bakken Breakout in 2011 -- Bismarck Tribune Special Edition

Icahn Doubles Down on Chesapeake -- Not a Bakken Story

A Nice EOG Well -- on 320-Acre Spacing

Williams (WMB) Completes Bakken Purchase (7 Percent of the Reservation)

December, 2010, Snowstorm Will Impact Production Targets

The Lodgepole -- Something to Watch

A Renville County Well to Watch

Hess Closes Bakken Deal -- Adds 85,000 Acres

NDIC Hearing Dockets, January, 2010

Thoughts on Takeaway Capacity

ND Budget: $100 Oil, 425,000 Bbls/Day

State Lease Sales -- North Dakota

Was I The Only One Who Missed This? CLR To Double Number of Rigs Over Next Five Years

CLR has 22 rigs in North Dakota.

Minot Daily Press is reporting that the CLR/CEO has said he plans to double that number of rigs in North Dakota over the next five years.

2 x 22 = 44.

Okay.

44 x $7 million/well x one well/month = $308 million/month in drilling costs. That is a lot of investment in North Dakota; and, that's just one company, albeit the one with the most rigs. Someone correct me if my math is wrong. (The most recent CLR presentation, December, 2010, shows a Bakken well to cost $6.5 million to complete.) However, not all CLR wells are Bakken wells, and it may cost more or less to complete wells targeting other formations.

[Update: in the original post, I used $5 million as my figure for drilling a well. Someone commented (see below) that a better figure to use was $7 million, so I changed my note above, as it is now. It should be noted that GEOI just completed a well for $5.6 million. -- January 17, 2011.]

Several Nice Wells Reported Out Today

A big thank you to Karen:

• 16327, 786, MRO, Benz 14-21H, Bailey, Bakken
• 18957, 1,719, SM, Lee 13-8H, Camp, Bakken
• 18947, 2,595, WLL, Dishman 13-19H, Sanish, Bakken (previously reported)
• 18837, 1,780, WLL, Kubas 11-13TFH, Wildcat, Bakken
• 18833, 1,832, WLL, Froehlich 44-8TFH, Zenith, Bakken

Look how old that MRO permit is; back from 2006 or so, I suppose. I would have to check my database, but have to do that later.

Look at that nice Whiting well in Zenith oil field. This is an important well; it's in the southwest part of North Dakota where the Bakken thins out and the Three Forks Sanish extends (or "pinches out" as others have said).

Meanwhile, some lackluster Hess wells based on IPs; disappointing because the Alger field is a "good" field, historically:

• 18674, 436, Hess, EN-Rehak-155-93-0718H-1, Alger, Bakken
  
• 18945, 112, Hess, AV-Hansen-163-94-1918H-1, Forthun, Bakken 

The Forthun field is up north, along the Canadian border, but west of where EOG was putting in its Spearfish wells. There's not much history for the Forthun field. For explanation of "EN" and "AV" for Hess nomenclature, click here.