• ND drill rig activity lowest in a year...read more
• An article this morning on the Seeking Alpha investment site provides a detailed analysis of the recent acquisition by QEP Resource of the Bakken South Antelope field in which QEP agreed to pay $1.38 billion for 27,600 net acres in Williams and McKenzie counties. At an estimated $40,000 per acre, the transaction is believed to be highest bid to date in the Bakken play. According to the article, the purchase includes the proved developed reserves of 73 gross wells with current flows of 10,500 Boe/d net rate, operating infrastructure, and 146 identified net undeveloped drilling locations. These reportedly are primarily long-lateral wells, with 4 wells per 1,280-acre unit each in the Bakken and Three Forks/Sanish formations. Read more...
• Investors may also be interested in an article on today's TheStreet.com site that highlights the Bakken play's pipeline sector. Profiles are provided for Enbridge, TransCanada and Oneok Partners. Also mentioned are storage construction trends with specific mention of Statoil, Continental and Hess. According to the author, the comments and observations are based on an on-site tour of the Bakken region. Read more...
• A news article with video posted yesterday profiles the Bakken Oil Express, a rail loading facility that opened in November near Dickinson. According to the article, trucks haul approximately 150 loads--nearly 60,000 barrels--to the site per day for loading onto tank cars. Read more...
Stark County...Whiting is moving in rigs to three locations...
•Lot 1 18-140N-99W
•SESE 9-140N-97W and
•NWNW 16-140N-99W
Whiting also had three Stark permits approved today...
#23635 - WHITING OIL AND GAS CORPORATION, PERZINSKI FAMILY TRUST 34-19PH, SWSE 19 139N-97W, STARK CO., 310' FSL and 2400' FEL, DEVELOPMENT, HEART RIVER, 20043', 9 5/8 inch , 2601' Ground, API #33-089-00728
#23640 - WHITING OIL AND GAS CORPORATION, BURESH 44-10PH, SESE 10-140N-97W, STARK CO., 280' FSL and 420' FEL, DEVELOPMENT, DUTCH HENRY BUTTE, 21348', 9-5/8 " - 2250', 2538' Ground, API #33-089-00729, (Approved : 8/28/2012)
#23641 - WHITING OIL AND GAS CORPORATION, BURESH 41-15PH, SESE 10-140N-97W, STARK CO., 280' FSL and 375' FEL, DEVELOPMENT, DICKINSON, 20783', 9-5/8 " - 2250', 2537' Ground, API #33-089-00730, (Approved : 8/28/2012)
Active rig total - 192, up two from yesterday
• An article this morning on the Seeking Alpha investment site provides a detailed analysis of the recent acquisition by QEP Resource of the Bakken South Antelope field in which QEP agreed to pay $1.38 billion for 27,600 net acres in Williams and McKenzie counties. At an estimated $40,000 per acre, the transaction is believed to be highest bid to date in the Bakken play. According to the article, the purchase includes the proved developed reserves of 73 gross wells with current flows of 10,500 Boe/d net rate, operating infrastructure, and 146 identified net undeveloped drilling locations. These reportedly are primarily long-lateral wells, with 4 wells per 1,280-acre unit each in the Bakken and Three Forks/Sanish formations. Read more...
• Investors may also be interested in an article on today's TheStreet.com site that highlights the Bakken play's pipeline sector. Profiles are provided for Enbridge, TransCanada and Oneok Partners. Also mentioned are storage construction trends with specific mention of Statoil, Continental and Hess. According to the author, the comments and observations are based on an on-site tour of the Bakken region. Read more...
• A news article with video posted yesterday profiles the Bakken Oil Express, a rail loading facility that opened in November near Dickinson. According to the article, trucks haul approximately 150 loads--nearly 60,000 barrels--to the site per day for loading onto tank cars. Read more...
Stark County...Whiting is moving in rigs to three locations...
•Lot 1 18-140N-99W
•SESE 9-140N-97W and
•NWNW 16-140N-99W
Whiting also had three Stark permits approved today...
#23635 - WHITING OIL AND GAS CORPORATION, PERZINSKI FAMILY TRUST 34-19PH, SWSE 19 139N-97W, STARK CO., 310' FSL and 2400' FEL, DEVELOPMENT, HEART RIVER, 20043', 9 5/8 inch , 2601' Ground, API #33-089-00728
#23640 - WHITING OIL AND GAS CORPORATION, BURESH 44-10PH, SESE 10-140N-97W, STARK CO., 280' FSL and 420' FEL, DEVELOPMENT, DUTCH HENRY BUTTE, 21348', 9-5/8 " - 2250', 2538' Ground, API #33-089-00729, (Approved : 8/28/2012)
#23641 - WHITING OIL AND GAS CORPORATION, BURESH 41-15PH, SESE 10-140N-97W, STARK CO., 280' FSL and 375' FEL, DEVELOPMENT, DICKINSON, 20783', 9-5/8 " - 2250', 2537' Ground, API #33-089-00730, (Approved : 8/28/2012)
Active rig total - 192, up two from yesterday
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