The Million Dollar Way (The Bakken Oil Blog)

Monday, November 17, 2025

Phoenix Operating -- NDIC Hearing Dockets -- December, 2025

Locator: 49731B.

This list in not the entire list of Phoenix Operating cases in December's NDIC hearing dockets agenda. I would opine that these areas are Tier 2 at best, and probably Tier 3. But that's just my opinion. The full agenda is here.

The cases (not permits):

32386, Phoenix Operating, Corinth/Wildrose-Bakken, establish a standup 2560-acre unit, five wells; Williams, Divide counties;
32387, Phoenix Operating, Corinth/Wildrose-Bakken, establish a standup 2560-acre unit, five wells, Williams, Divide counties;
32388, Phoenix Operating, Corinth/Wildrose-Bakken, establish a standup 2560-acre unit; five wells, Williams, Divide counties;
32389, Phoenix Operating, Corinth/Wildrose-Bakken, establish a standup 2560-acre unit, five wells, Williams, Divide counties;
32390, Phoenix Operating, Burg-Bakken, establish a standup 2560-acre unit; five wells; Williams, Divide counties
32391, Phoenix Operating, Burg-Bakken, establish a standup 2560-acre unit, five wells; Divide County;
32392, Phoenix Operating, Strandahl-Bakken, establish a standup 2560-acre unit, five wells, Williams County;
32393, Phoenix Operating, Strandahl-Bakken, establish a standup 2560-acre unit, five wells, Williams County;
32394, Phoenix Operating, Strandahl-Bakken, establish a standup 2560-acre unit; five wells Williams County;
32395, Phoenix Operating, Strandahl-Bakken, establish a standup 2560-acre unit; five wells, Williams County;
32396, Phoenix Operating, Sheep Butte-Bakken, establish a standup 2560-acre unit; four wells, McKenzie County;
32397, Phoenix Operating, Sheep Butte-Bakken, establish a standup 2560-acre unit, four wells, McKenzie County;
32398, Phoenix Operating, Sheep Butte-Bakken establish a standup 2560-acre unit, four wells; McKenzie County;
32399, Phoenix Operating, Sheep Butte-Bakken, establish a standup 2560-acre unit; four wells; McKenzie County;
32400, Phoenix Operating, Mondak-Bakken, establish a standup 2560-acre unit; four wells, McKenzie County;
32401, Phoenix Operating, Mondak-Bakken, establish a standup 2560-acre unit; four wells, McKenzie County;
32402, Phoenix Operating, Winter Butte/Cathmere/Yellowstone-Bakken, establish 12 standup 1920-acre unit; five wells on each unit, 60 wells? McKenzie County;
32403, Phoenix Operating, Beicegel Creek-Bakken, establish a standup 1920-acre unit five wells; McKenzie County;
32404, Phoenix Operating, Ranch Creek/Beicegel Creek-Bakken, establish a standup 2560-acre unit; five wells; McKenzie County;
32405, Phoenix Operating, Ranch Creek-Bakken, establish a standup 2560-acre unit, five wells, McKenzie County;
32406, Phoenix Operating, Bennett Creek/Ranch Creek-Bakken, establish a standup 2560-acreunit; four wells, McKenzie County;
32407, Phoenix Operating, Butte/Grassy Butte-Bakken, establish a standup 2560-acre unit; four wells, McKenzie County;
32408, Phoenix Operating, Charlie Bob-Bakken, establish a standup 1920-acre unit, five wells, McKenzie County;
32409, Phoenix Operating, Charlie Bob-Bakken, establish a standup 2560-acre unit, five wells, McKenzie County;
32410, Phoenix Operating, Charlie Bob-Bakken, establish a standup 2560-acre unit, five wells, McKenzie County;

Chord Energy Acquiring XTO Assets In The Bakken -- Previously Posted But Look How Nice Google Gemini Summarizes The Deal -- November 17, 2025

Locator: 49730B.

Bakken deals are tracked at the sidebar to the right. Story originally published here.

Breakeven: $40-oil.

Six New Permits; One Permit Renewed; Three DUCs Reported As Completed -- November 17, 2

Locator: 49729B.

Gaza: China and Russia want to think about it. Link here. A multi-national peace force in western-controlled Gaza; lets folks vote with their feet; not a UN mission; will be run by "the West." US troops won't be on the ground in Gaza.

International Stabilization Force,
envisions a "Board of Peace,"
UN Security Council -- votes: 13 - 0; no one voted against it; China and Russia abstained; but they could have vetoed it -- this is huge; truly huge;
swayed by Mideast countries supporting it: Egypt, Jordan, Qatar, SA, UAE
also, Indonesia, Turkey (!) and Pakistan;
contains President Trump's 20-point cease-fire plan

Saudi Arabia: US to sell F-35 jet fighters to Saudi Arabia.

Larry Summers and Jeffrey Epstein: Elizabeth Warren says enough is enough. Says Harvard University needs to cut ties with Epstein-correspondent / friend.

***********************************
Back to the Bakken

WTI: $59.74.

Active rigs: 31.

Six new permits: #42477 - #42482, inclusive:

Operators: Oasis (5), Enerplus:
Fields: Cottonwood (Mountrail); Little Knife (Dunn)
Comments:

Enerplus has a permit for a Little Chase Creek well, SWSE 21-147-97,

to be sited 335 FSL and 2607 FEL;

Oasis has permits for five Craig Federal wells, NWSW 28-158-92;

to be sited 1457 / 1621 FSL and 677 FWL;

One permit renewed:

35393, Hess, SC-Ellingsberg-154-98-3229H-6, Truax, Williams County;

Three producing wells (DUCs) reported as completed:

41301, 0, MRO, Sunell 11-17H, Dunn County;
41302, 672, MRO, Bjorge 41-18H, Dunn County;
41605, 1,751, CLR, Klepp 2-1H, Williams County;

NDIC Hearing Dockets -- December, 2025 -- Posted November 17, 2025

Locator: 49728DOCKETS.

Hearing dockets are found here at the NDIC.

Wednesday, December 17, 2025
Link here.
20 pages.

The cases, again, these are cases, not permits:

32369, Devon Energy Williston, Buford and/or Sugar Beet-Bakken, establish two overlapping laydown 22560-acre units; five wells; establish an overlapping laydown 5120-acre unit; one well; Williams County;
32370, Devon Energy, Sugar Beet-Bakken, establish an overlapping 1280-acre unit; five wells, Williams County;
32371, Petro-Hunt, Stoneview-Bakken, establish two overlapping 2560-acre units, one well on each, Divide County;
32372, Petro-Hunt, North Tioga-Bakken, establish an overlapping standup 2560-acre unit, two wells; establish an overlapping standup 2560-acre unit; three wells; establish an overlapping standup 2560-acre unit, one well; Burke County;
32373, Hess, Wheelock-Bakken, establish an overlapping standup 2560-acre unit; four wells; Williams County;
32374, White Rock Oil & Gas, Beicegel Creek-Bakken, establish a laydown 2560-acre unit; four wells; McKenzie County;
32375, White Rock Oil & Gas, Ranch Creek-Bakken, establish an overlapping standup 2560-acre unit; four wells; McKenzie County;
32376, White Rock Oil & Gas, Grassy Butte, West Butte, Butte and/or Trailside-Bakken establish a standup 2560-acre unit; four wells; establish a standup 2560-acre unit; four wells; establish an overlapping laydown 2560-acre unit; four wells; McKenzie County;
32377, Kraken, Sheep Butte-Bakken, establish a standup 1920-acre unit, four wells; McKenzie County;
32378, Kraken, Winter Butte and/or Sheep Butte-Bakken, establish an overlapping standup 1920-acre unit; four wells; McKenzie County;
32379, Kraken, New Home-Bakken, establish an overlapping standup 2560-acre unit, four wells; establish an overlapping standup 5120-acre unit, one well; Williams County;
32380, Kraken, Buffalo Wallow-Bakken, establish an overlapping standup 2560-acre unit; two wells; McKenzie County;
33281, Oasis, Heart Butte-Bakken; establish an overlapping 1920-acre unit, five wells Dunn County;
32382, Oasis, Corinth and/or Big Stone, establish two overlapping laydown 1920-acre units; four wells on each, Williams County;
32383, Oasis, revoking legalese
32384, Phoenix Operating, revoking legalese
32385, Phoenix Operating, risk penalty legalese
32386, Phoenix Operating, Corinth/Wildrose-Bakken, establish a standup 2560-acre unit, five wells; Williams, Divide counties;
32387, Phoenix Operating, Corinth/Wildrose-Bakken, establish a standup 2560-acre unit, five wells, Williams, Divide counties;
32388, Phoenix Operating, Corinth/Wildrose-Bakken, establish a standup 2560-acre unit; Williams, Divide counties;
32389, Phoenix Operating, Corinth/Wildrose-Bakken, establish a standup 2560-acre unit, five wells, Williams, Divide counties;
32390, Phoenix Operating, Burg-Bakken, establish a standup 2560-acre unit; five wells; Williams, Divide counties
32391, Phoenix Operating, Burg-Bakken, establish a standup 2560-acre unit, five wells; Divide County;
32392, Phoenix Operating, Strandahl-Bakken, establish a standup 2560-acre unit, five wells, Williams County;
32393, Phoenix Operating, Strandahl-Bakken, establish a standup 2560-acre unit, five wells, Williams County;
32394, Phoenix Operating, Strandahl-Bakken, establish a standup 2560-acre unit; five wells Williams County;
32395, Phoenix Operating, Strandahl-Bakken, establish a standup 2560-acre unit; five wells, Williams County;
32396, Phoenix Operating, Sheep Butte-Bakken, establish a standup 2560-acre unit; four wells, McKenzie County;
32397, Phoenix Operating, Sheep Butte-Bakken, establish a standup 2560-acre unit, four wells, McKenzie County;
32398, Phoenix Operating, Sheep Butte-Bakken establish a standup 2560-acre unit, four wells; McKenzie County;
32399, Phoenix Operating, Sheep Butte-Bakken, establish a standup 2560-acre unit; four wells; McKenzie County;
32400, Phoenix Operating, Mondak-Bakken, establish a standup 2560-acre unit; four wells, McKenzie County;
32401, Phoenix Operating, Mondak-Bakken, establish a standup 2560-acre unit; four wells, McKenzie County;
32402, Phoenix Operating, Winter Butte/Cathmere/Yellowstone-Bakken, establish 12 standup 1920-acre unit; five wells on each unit, 60 wells?, McKenzie County;
32403, Phoenix Operating, Beicegel Creek-Bakken, establish a standup 1920-acre uinit five wells; McKenzie County;
32404, Phoenix Operating, Ranch Creek/Beicegel Creek-Bakken, establish a standup 2560-acre unit; five wells; McKenzie County;
32405, Phoenix Operating, Ranch Creek-Bakken, establish a standup 2560-acre unit, five wells, McKenzie County;
32406, Phoenix Operating, Bennett Creek/Ranch Creek-Bakken, establish a standup 2560-acreunit; four wells, McKenzie County;
32407, Phoenix Operating, Butte/Grassy Butte-Bakken, establish a standup 2560-acre unit; four wells, McKenzie County;
32408, Phoenix Operating, Charlie Bob-Bakken, establish a standup 1920-acre unit, five wells, McKenzie County;
32409, Phoenix Operating, Charlie Bob-Bakken, establish a standup 2560-acre unit, five wells, McKenzie County;
32410, Phoenix Operating, Charlie Bob-Bakken, establish a standup 2560-acre unit, five wells, McKenzie County;
32411, Devon Energy, Buford and/or Ft Buford-Bakken, five wells on a 1920-acre unit, Williams, McKenzie counties
32412, Devon Energy, Briar Creek-Bakken, five wells on a 1920-acre unit; McKenzie, Williams counties;
32413, Devon Energy, commingling;
32414, Devon Energy, commingling;
32415, Devon Energy, commingling;
32416, Devon Energy, commingling;
32417, Devon Energy, commingling;
32418, Oasis, pooling;
32419, Oasis, pooling;
32420, Oasis, pooling;
32421, Oasis, commingling;
32422, Oasis, commingling;
32423, Oasis, commingling;
32424, Oasis, commingling;
32425, Enerplus, commingling;
32426, Whiting, commingling;
32427, Whiting, commingling;
32428, Hess, pooling;
32429, Phoenix Operating, Skabo-Bakken, five wells on an established 1920-acre unit, Divide County;
32430, Phoenix Operating, Skabo-Bakken, five wells on an established 1920-acre unit, Divide County;
32431, Murex, pooling;
32432, Murex, pooling;
32433, Murex, pooling;
32434, Firebird Services, SWD;
32435, Firebird Services, SWD;

Thursday, December 18, 2025
Link here.
6 pages.

The cases, again, these are cases, not permits:

32436, Hunt Oil, Ross-Bakken and/or Stanley-Bakken, establish an overlapping 1920-acre unit; three wells; Mountrail County.
32437, Devon Energy Williston, Glass Bluff-Bakken, Foreman Butte-Bakken, and/or Nameless-Bakken, establish an overlapping 3200-acre unit; establish overlapping 3840-acre unit; establish two overlapping 1600-acre units; establish two overlapping 1920-acre units (six units?), and ten wells on each unit, 60 wells? McKenzie County;
32438, Zavanna, complete #41071, Olympia 36 25 3H, exception to field rules, Williams;
32499, Formentera Operations, Fraizier-Bakken, establish a 2560-acre unit, four wells; Divide County;
32440, CLR, Brooklyn-Bakken, complete #42246, the Charleston 8-22HSL well, exception to field rules, Williams County;
32441, CLR, Brooklyn-Bakken, complete #42245, the Addyson 7-23H well, exception to field rules, Williams County;
32442, NDIC, confiscation
32443, NDIC, confiscation
32444, NDIC, confiscation
32445, NDIC, confiscation
32446, NDIC, confiscation
32447, NDIC, confiscation
32448, EOG, Stanley-Bakken and/or Parshall-Bakken, four wells on an existing 3840-acre unit; Mountrail,
32449, Spotted Hawk Development, Van Hook-Bakken, twelve wells on an existing 4160-acre unit, McLean County;
34250, WGO Resources, flaring,
34251, WGO Resources, flaring,
32452, Hunt, pooling
32453, KODA Resources, SWD
32454, Hydra Services, SWD

Monday Rambling -- GDPNow Estimate Rises To 4.1 -- November 17, 2025

Locator: 49727ARCHIVES.

OJ Simpson to Ron Goldman's father: $58 million.

GDPNow, link here: another reason for Fed not to lower rates in December --

Hogwash: talking head says "upper income" parents worried about their children finding jobs due to AI revolution and "youth unemployment rate."

Oh give, me a break. Parents are having fewer and fewer children -- we had two; my parents had six. "Upper income parents" -- let's see how Google Gemini defines "upper income parents":

Upper-income brackets are often defined as earning significantly more than the national median income of around $83,730, with the top 20% needing to earn roughly double that amount, or about $175,700 or more.

So, next question, what is the average net worth of today's "upper income parents"?

"Upper income parents" generally fall into households with a net worth placing them in the

top 10% to 25% nationally, which typically corresponds to a net worth ranging from approximately $714,000 to over $2.1 million (based on 2024-2025 data).

Holy mackerel: I would have expected net worth of "upper income parents" to be a whole lot more. Wow. That is incredibly disappointing, or should I say, shocking?

Even more hogwash: same talking head says if the Fed doesn't cut in December, 2025, we will see significantly less spending over the end-of-year holiday. LOL.