Nine (9) New Permits -- Four Chesapeake Wells Updated -- BR With a Nice Well -- CLR With Another Williston Well -- The Williston Basin, North Dakota, USA

Daily activity report, June 25, 2012 --

• Operators: CLR (3), WPX (2), Whiting, Zenergy, MRO, BR
• Fields: Corral Creek (Dunn), Reunion Bay (Mountrail), Dore (McKenzie), East Fork (Williams), Chimney Butte (Dunn), Zenith (Stark), Squaw Creek (Williams)

I get a fair number of folks asking when production data is posted at the NDIC site. It should be noted that this is the last week of June, and the May data is not yet posted.

Coming off the confidential list on Monday's daily activity report:

• 22734, no data, CLR, Glasoe 6-19H, Divide
• 20989, 534, Petro-Hut, Pasternak Trust 157-100-18A-19-1H, Williams
• 19888, 681, EOG, Clearwater 25-3202H, Ross, t1/12; cum 35K 4/12;
• 20989, 534, Petro-Hunt, Pasternak Trust 157-100-18A-19-1H, Marmon, t5/12;
• 21221, 239, Samson Resources, Prowler 23-14-163-97H, Paulson,  t5/12;
• 21711, drl, BEXP, Rich 30-31-2H, Todd, s12/11;
• 20618, 2,107, BR, Goldpoint 41-25TFH, Murphy Creek, t4/12; cum 3K 4/12;
• 21316, 684, Denbury, Iverson 34-19NWH, Glass Bluff, t4/12; cum 10K 4/12;
• 21933, 636, CLR, Plano 1-28H, Todd, t3/12; cum 21K 4/12;  this well is one mile southwest of the Oasis well in the southwest corner of Williston, just south of the frontage road: 21150, 3,021, Oasis, Kestrel Federal 5401 43-22H, Todd, t1/12; cum 67K 4/12; in other words, these are neighboring wells, and note the IPs; so we can follow 6-month, and 12-month production;

Producing wells that are now completed, including another nice Helis well:

• 20780, 2,190, Helis, Henderson 1-28/33H, Grail, Bakken, t6/12; cum16K 4/12; Three Forks, gas shows as high as 5,000 units; frack data not yet posted as far as I could see;

Update status change of four Chesapeake wells; two now have an IP, and two went from CONF to DRL:

• 21135, conf-->DRL, Chesapeake,  wildcat
  
• 21139, 0, Chesapeake, Zent 30-138095 A 1H, Wildcat; Zent 30-138-95 A 1H, Wildcat, Bakken/Three Forks; t12/11; cum 1,633 bbls (no typo) 4/12;
  
• 21143, 0, Chesapeake, Schoch 21-137-97 A 1H, Wildcat, t1211; cum 0 4/12;
  
• 21681, conf-->DRL, Chesapeake, Kostenko 30-138-97 A 1H, Wildcat

For Newbies -- Including Me -- Natural Gas Liquids in the Bakken

Part of the reason I started the blog was to educate myself regarding the Bakken. I have concentrated on oil and feel comfortable with oil stories coming out of the Bakken.

It took me a long time to "understand" natural gas but because of the blog and a lot of comments from readers, I'm feeling a bit more comfortable with natural gas.

"Anon 1" alerted me to the Encana presentations accompanying their "Investors' Day" which sheds more light on the ethane story coming out of Tioga, North Dakota, the Bakken.  "Anon 1" alerts us to a new concept/definition, something I was not aware of:

Deep cut:  the processes which recover NGLs from natural gas in excess of amounts required for sales gas to meet pipeline specifications

A technical paper that seems fairly easy to read is here: http://digitalcommons.mcmaster.ca/esr/vol9/iss1/4/ : at the link, click on the title of the article and it will take you to a PDF

The presentations are quick and easy to open at the company's webite. I assume these presentations will be posted for a limited time.

When I review these slides, I am further convinced that as we go forward, natural gas liquids will become a bigger and bigger story as the Bakken matures. It is interesting that as the price of oil has come down recently, royalty owners may have noted an increase in their royalty checks from liquid natural gas. I don't know, but the natural gas liquids story seems to be getting bigger and bigger.

Here's another story about the importance of natural gas liquids (note particularly the price being paid for NGLs -- up to 80 to 90 percent what oil is getting).

Be sure to read this story also, poster earlier today. 

Hyundai Wheel Loaders and Excavators -- Equipment Dealer Opened In Williston -- Heart of the Bakken, North Dakota, USA

The Williston Herald reports Hyundai Construction's largest authorized dealer, Four Seasons Inc, has opened in Williston.

Week 25: June 17 -- June 23, 2012

For OXY USA: the break even point is $55 Brent

New natural gas well in North Dakota 

Simple primer on wet gas and how it relates to the Bakken 

Update on that Oasis well in southwest corner of Williston

An important GMXR well

Seven nice BEXP wells

Harold Hamm to operators in the Bakken: change tactics

BNSF investing $200 million in upgrades, maintenance 

Crude-by-rail takeaway capacity

Basin Electric begins construction on power plant west of Williston

Steel company locating in Grand Forks to serve the Bakken

Oil severance taxes: state comparison

North Dakota budget surplus

Medical complex in Williston; fastest growing hospital in the nation; HAL donation

Health care in Williston: could support ten more family practice physicians

Menard's and much more to Dickinson

Four new high-rise hotels, northside of I-94, Dickinson

Rapid City, South Dakota, participating in the Bakken boom

15 up-and-coming cities, BusinessInsider

Encana boost CAPEX

Duvernay shale in Canada: huge new field

EOR in the Canadian Bakken

Tracking electric rates

Urban Oil Story -- Nothing To Do With The Bakken -- West Los Angeles

Link here to LA Times. If the link breaks, google Inglewood oil field fracking land shift.

Something tells me this is a "lost cause." I think I would cut my losses now.