Thursday, August 23, 2012

Bakken News Roundup - August 23, 2012


Two men have been seriously injured after a well explosion in McKenzie County. Read more...

QEP Resources is acquiring 27,000 acres in Williams and McKenzie counties for approximately $1.3 billion. Read more...

In a speech in New Mexico today, Mitt Romney said as president he would support approval of the Keystone XL pipeline and give states control over energy production on federal lands. Read more...

Schlumberger reportedly has transferred approximately 70 workers to North Dakota from Colorado due to a decline in natural gas prices that has prompted a suspension in drilling at Schlumberger's holdings in the Piceance Basin. Read more...

The state board that oversees North Dakota's Legacy Fund reportedly has hired a consultant to advise how to invest the $500 million currently held. The fund receives approximately 30% of the state's oil tax revenue. The money cannot be spent until 2017. Read more...

Active rig total - 190, down one from yesterday, down nine since Monday

Bottineau County...Legacy moving in and rigging up at SWSW 17-163N-76W.. only rig in the county at present 

Golden Valley County...Whiting moving in and rigging up at SWNE 27-141N-105W...only rig in the county at present

Mountrail County...Whiting reporting two big wells...

#20840 - WHITING OIL AND GAS CORPORATION, MAKI  41-33XH, NENE 33-154N-91W, MOUNTRAIL CO., 3376 bopd, 3420 bwpd - BAKKEN

#22670 - WHITING OIL AND GAS CORPORATION, FLADELAND   14-27H, SWSW 27-153N-91W, MOUNTRAIL CO., 2563 BOPD, 663 BWPD - BAKKEN

Divide County...three new permits for Baytex...

#23600  -  BAYTEX ENERGY USA LTD, OLSON TRUST 30-31-162-98H 1BP, NWNE 30-162N-98W, DIVIDE CO., 400' FNL and 2050' FEL, DEVELOPMENT, AMBROSE, 18293', 9-5/8  inch , 2196' Ground, API #33-023-00885

#23601  -  BAYTEX ENERGY USA LTD, MOE TRUST 33-28-160-98H 1BP, SWSE 33-160N-98W, DIVIDE CO., 317' FSL and 1800' FEL, DEVELOPMENT, SKABO, 19337', 9-5/8  inch , 2260' Ground, API #33-023-00886

#23602  -  BAYTEX ENERGY USA LTD, PULVERMACHER 34-27-162-99H 1NC, SESW 34-162N-99W, DIVIDE CO., 240' FSL and 1954' FWL, DEVELOPMENT, AMBROSE, 18581', 9-5/8  inch , 2225' Ground, API #33-023-00887

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