Wednesday, September 12, 2007

Another Major Player To Join Bakken Hunt In Dunn Co.

New player Newfield Expl. from Houston is planning at least two wells near Lost Bridge Field in northern Dunn Co. The company has requested that two drilling and/or spacing units be created in T.148, R.96, which is close to the southern extent of the Nesson Anticline, and north of the area currently being aggressively developed by Burlington and Continental Res. Hopefully, Newfield will be encouraged by the results from its initial wells in the play and drill many, many more.

UPDATE: Newfield had requested that its application for the September hearings be dismissed, but has reapplied for four 1280s at the October hearings, instead of the two stated above.

Dunn Co. remains the most active county in the play with twelve rigs making hole out of the 44 active rigs in the state. Williams and Mountrail Counties are tied in second place with eight rigs each.
Based on the current level of activity, it appears within the realm of possibility that the southern part of Mountrail Co, the northern half of Dunn Co., and the Nesson Anticline will be almost completely drilled out in the next few years, assuming that the economics remain favorable.

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