tag:blogger.com,1999:blog-3555233033952952657.post8269018489795108379..comments2023-11-02T09:34:58.512-05:00Comments on Bakken Shale: 3.65 Billion BBLs, That's How MuchTeeguehttp://www.blogger.com/profile/11331850464011934960noreply@blogger.comBlogger57125tag:blogger.com,1999:blog-3555233033952952657.post-74592648554023764612009-10-01T19:25:54.482-05:002009-10-01T19:25:54.482-05:00having spoken with some professional oil men from ...having spoken with some professional oil men from Canada. they stated, the setback is rather a joke, as they can drill on all four sides of your land, setback in force, and fracture all about. and then, pull all the oil out from under your land, and suck all the oil out of your mineral claim. when I said, isnt that like robbing the mineral holder in the center of this development ? they Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-17396679710226608892008-12-01T15:30:00.000-06:002008-12-01T15:30:00.000-06:00For help in locating mineral owners or their heirs...For help in locating mineral owners or their heirs contact datatracsearchandlocate.com for reliable, fast skiptracing. Western States a specialty, exclusive to the Petroleum Oil and Gas industryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-72926140700858404492008-05-08T10:33:00.000-05:002008-05-08T10:33:00.000-05:003.65 billion barrels not inclucing the Canadian si...3.65 billion barrels not inclucing the Canadian side. At 83 million barrels a day world wide comsumption, that is 45 days' supply from the U.S. part. Or if we just save it for the U.S, it is 182 days' supply.<BR/>Even if the Canadian section is twice as large, and we grab it all, using it all just for ourselves, it will last 1.5 years.Robin Dattahttps://www.blogger.com/profile/15358491380192365005noreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-74583467855766928352008-04-26T21:26:00.000-05:002008-04-26T21:26:00.000-05:00Speaking of discounts, it's interesting how the ri...Speaking of discounts, it's interesting how the risk-free discount rate being used in DCF break-even analysis models is around 10%, when it should be 4% or less right now.<BR/><BR/>(Take BEXP for example, showing their latest break-evens at 158M BBLs for wells being drilled in the Bakken. Change the discount rate to what it should be, and the break even is only about half that...)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-44197400074392261622008-04-24T23:21:00.000-05:002008-04-24T23:21:00.000-05:00Behm hole was dry. I heard that lenny sold his rem...Behm hole was dry. I heard that lenny sold his remaining acreage to hess i believe at a discount compared to what he could have gotten had he not drilled the dry hole first.sweet n sourhttps://www.blogger.com/profile/07820524493125906931noreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-72805444923956724042008-04-18T17:49:00.000-05:002008-04-18T17:49:00.000-05:00thanks very much for the Behm update..have a good ...thanks very much for the Behm update..have a good weekend...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-34827482087643995692008-04-18T08:46:00.000-05:002008-04-18T08:46:00.000-05:00A fairly reliable source tells me that Behm is goi...A fairly reliable source tells me that Behm is going to take the Edwards Well vertical now and plans to test the lower Bakken 3-Forks and all formations down to the Granite Wash...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-88129642711153740872008-04-18T07:14:00.000-05:002008-04-18T07:14:00.000-05:00Link to todays Brigham presentationhttp://www.bexp...Link to todays Brigham presentation<BR/><BR/>http://www.bexp3d.com/analyst.pdfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-89404780748835825932008-04-17T23:03:00.000-05:002008-04-17T23:03:00.000-05:00http://blog.nam.org/archives/2008/04/bakken_dont_l...http://blog.nam.org/archives/2008/04/bakken_dont_let.phpAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-1686051428470494172008-04-17T20:25:00.000-05:002008-04-17T20:25:00.000-05:00Even though many of the wells have been coming in ...Even though many of the wells have been coming in higher in Mountrail, a well that settles in at 100 barrels/day represents a pretty good payback for the working interests....say 3000 bbls per month times say $85.00/bbl times 80% (assuming a 20% royalty burden---Hess,for example, must have a lot of 12.5% royalty burden)..that's a net of $204,000 per month...back off some production taxes and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-62144468921284317572008-04-17T19:30:00.000-05:002008-04-17T19:30:00.000-05:00Teegue, David Larry etalWhat are your thoughts wil...Teegue, David Larry etal<BR/><BR/>What are your thoughts will the oil compaines will continue to drill in Dunn Co ? It appears in the production reports that quite a few of the wells are running around 100 to 150 barrels per day. Are they drilling these to hold the minerals with the hope of recovering more with improved technologies ? If so is this a big bet ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-3509799183287983492008-04-17T16:30:00.000-05:002008-04-17T16:30:00.000-05:00Since 1984, geologists and engineers have estimate...Since 1984, geologists and engineers have estimated the generated oil in the Bakken from<BR/>32 to 92 to 132 to 200 to 300 billion barrels. Dr. Leigh Price<BR/>of the USGS placed the average at<BR/>413 BBbls. All of these mean a huge amount of original oil in place in the Bakken. The "trillion dollar question" is how much of this oil is economically recoverable? <BR/> The recent USGS Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-59019896240549200592008-04-16T23:17:00.000-05:002008-04-16T23:17:00.000-05:00I see Whitings proposal in there new presentation,...I see Whitings proposal in there new presentation, and am glad to see at last whos going to drill some of my interests. Any inside info. about the pipeline there building along #8 and the Robinson Lake Gasplant. <BR/>Its surely needed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-7632496956848588362008-04-16T22:57:00.000-05:002008-04-16T22:57:00.000-05:00If it's a dry hole, there is no time needed for "c...If it's a dry hole, there is no time needed for "completion" since it would be plugged, which is a few hours of rig time. The drilling of the well alone is only about a month, which is the only relevant time if it's a dry hole.Teeguehttps://www.blogger.com/profile/11331850464011934960noreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-63267293181578579712008-04-16T16:53:00.000-05:002008-04-16T16:53:00.000-05:00some one posted that the Behm/Edwards was a dry ho...some one posted that the Behm/Edwards was a dry hole. they started spudding Feb,11. drilling and completion would take about 80 days. it's been 64 days since spudding. so how could some say it was a dry hole. when there not even completed it yet. Larry or David any thoughts on this. thanks...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-15304379177574869222008-04-16T12:06:00.000-05:002008-04-16T12:06:00.000-05:00I think 4.5 mill a year is economical.I think 4.5 mill a year is economical.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-63043132743431086262008-04-16T09:55:00.000-05:002008-04-16T09:55:00.000-05:00In looking at the production of many of the Bakken...In looking at the production of many of the Bakken wells in Dunn County it looks like quite a few have settled into the 100 to 150 barrels per day on single laterals. Is this economical and will the oil companies continue to drill? This really goes to the whole how much oil is commercially available in the Bakken debate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-5440141861593234292008-04-15T18:03:00.000-05:002008-04-15T18:03:00.000-05:00New well annoucements???Its been awhile now since ...New well annoucements???<BR/><BR/>Its been awhile now since we have had anything come out on new well results. Looking forward to seeing something to spark things now that the market seems to be paying very close attention to the players in the BakkenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-17626098326252197402008-04-14T16:41:00.000-05:002008-04-14T16:41:00.000-05:00Doug,Most of the acreage in Mountrail County was l...Doug,<BR/>Most of the acreage in Mountrail County was leased in 2005,2006, and 2007 under five year terms. If drillers have not found oil on a lease within the five year term, the lease expires and the mineral rights owner can lease it again at perhaps a much higher price. Thus, the drillers have a big incentive to explore all of their leases, particularly in a hot spot area like Mountrail Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-87233808778153101042008-04-14T15:27:00.000-05:002008-04-14T15:27:00.000-05:00If a oil company does not permit to drill on a pro...If a oil company does not permit to drill on a proposed tract in the leases life, The minerals are once again freed up to be leased again to whomever. (They have options as well that could tie up your lease for another 2 to 3 years past your 2010 date) And if you read his comment again youll see that there are 113 wells on 140 sections as of now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-5709435911996401182008-04-14T15:11:00.000-05:002008-04-14T15:11:00.000-05:00My wife has an oil lease in T.153 R.91 in Montrail...My wife has an oil lease in T.153 R.91 in Montrail County. The lease is set to expire in August 2010. I am curious about Larry's comments concerning leases being forfeted in 2012. Also am curious where the data comes from to determine that there will be 113 wells in the county on 140 sections by year end.Doughttps://www.blogger.com/profile/09801124899644143120noreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-70869895739261955652008-04-14T12:58:00.000-05:002008-04-14T12:58:00.000-05:00It turns out that of 14 counties in the Feb. State...It turns out that of 14 counties in the Feb. State lease auction, more than half (55%) of the total proceeds went for Mercer County acreage. Also third parties bidding on behalf of some of the larger oil co's.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-28005284807997806772008-04-14T12:34:00.000-05:002008-04-14T12:34:00.000-05:00I checked the GIS map on the ND oil & gas site and...I checked the GIS map on the ND oil & gas site and it shows one drilling rig on the far east side of Dunn county. If I remember correctly, it was located in T145 R91.<BR/><BR/>It looks like there have been several holes drilled in that particualr area recently. <BR/><BR/>It will be interesting to see how these perform.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-54126737414468113602008-04-14T12:18:00.000-05:002008-04-14T12:18:00.000-05:00What is the 'layman' geological explanation for an...What is the 'layman' geological explanation for an area, such as western Mercer County, to be outside the eastern assessmetnt area? Do you anticipate these boundary outlines to change in the near future as drilling intensfies in the eastern Dunn county area?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3555233033952952657.post-35142548115256796892008-04-14T12:13:00.000-05:002008-04-14T12:13:00.000-05:00I noticed that Brigham Exploration Company was act...I noticed that Brigham Exploration Company was actively gathering leases in Mercer county during the last mineral auction in February. Given this was an oil & gas company rather than just some speculator would seem encouraging. <BR/><BR/>Mercer county also had some reasonably impressive results (around a $100 bonus on average). This would suggest (at least to me) there will be some activity in Anonymousnoreply@blogger.com