Sunday, February 7, 2010

Alger Field Update

NEWS

April 27, 2012: another great BEXP well --
  • 21358, 3,863, BEXP, Clifford Bakke 26-35 2H, Mountrail, Alger
April 9, 2012: Hess planning a 12-well pad, but with another six wells per 640-acre spacing unit (1st and 2nd Three Forks benches) it takes it down to 36-acre downspacing.

March 20, 2012: more on that 12-well, $100 million pad.

March 20, 2012: Filloon hears a rumor that a six-well pad in the Alger will end up being a $100 million 12-wellpad. Currently, permits 21129 through 21134.

February 28, 2012: example of how busy the Alger field is right now!

December 28, 2011: BEXP reports three outstanding wells on a 4-well pad; the fourth well is still confidential.

November 23, 2011: BEXP permits for a 5-well pad in the Alger. This may be the first 5-well pad in the Bakken.

January 12, 2011: the daily activity report -- #19057, BEXP, Domaskin 30-31 1H, with an IP of 4,106.

May 26, 2010: BEXP announced two great wells today. One of them was in the Alger field: Jack Cvancara 19-18 1H, just one mile from BEXP's Sorenson 29-32 1H (see paragraph below).  "Jack" has the second highest IP, 5,035, for a Bakken well in the Williston Basin (to date), second only to his sister well, the Sorenson. The Alger field continues to surprise, continues to excite.

April 5, 2010: BEXP announces record initial flow -- 5,133 boepd for the Sorenson 29-32 1H, NWNW 29-155-92. My focus on individual oil fields began with the Alger when I anticipated excitement in this field; it appears that this excitement was well placed.

March 19, 2009:  BEXP canceled a couple of permits today, both in the Alger field, one in section 11 and one in section 5, both T155-N-92W.  I don't know anything more than that. Sometimes it means nothing more than submitting a new permit for the same acreage based on new information.

PERMITS

22266, conf, BEXP, Panzer 22-23 2TFH,
22291, conf, BEXP, Arvid Anderson 14-11 3H,
22292, conf, BEXP, Arvid Anderson 14-11 2TFH,
22317, 1,818, BEXP, Arvid Anderson 14-11 4TFH, t6/12; cum 23K 7/12;
22368, conf, BEXP, Ross-Alger 6-7 2TFH,
22380, conf, BEXP, Vachal 3-34 3H,
22381, conf, BEXP, Vachal 3-34 4TFH,
22403, conf, BEXP, Esther Hynek 10-11 4TFH,
22404, conf, BEXP, Esther Hynek 10-11 3H,
22459, conf, BEXP, Liffrig 29-20 2H,
22460, conf, BEXP, Liffrig 29-20 3TFH,
22461, conf, BEXP, Liffrig 29-20 4H,
22481, conf, BEXP, Wright 4-33 4H,
22482, conf, BEXP, Wright 4-33 3TFH,
22526, conf, BEXP, Roger Sorenson 8-5 4TFH,
22605, conf, BEXP, Scha 33-34 3H,
22606, conf, BEXP, Scha 33-34 4TFH,
22644, conf, BEXP, Jerome Anderson 15-10 2TFH,
22645, conf, BEXP, Jerome Anderson 10-15 3TFH,
22646, conf, BEXP, Jerome Anderson 10-15 4H, 
22695, conf, BEXP, Ross-Alger 6-7 4TFH,
22697, conf, BEXP, Hospital 31-36 2TFH,
22711, conf, BEXP, Alger State 16-21 3H,
22712, conf, BEXP, Holm 9-4 4H,
22713, conf, BEXP, Alger State 16-21 4TFH,
22729, conf, BEXP, Alger State 16-21 2TFH,
22730, conf, BEXP, Holm 9-4 3TFH,
22794, conf, BEXP, Scha 33-34 2TFH,
22797, conf, BEXP, Esther Hynek 10-11 2TFH,
22805, conf, BEXP, Wright 4-33 2TFH,
22354, conf, EOG, Ross 36-1707H,
22769, conf, Hess, EN-Dobrovolny-155-93-2128H-2,
22770, conf, Hess, EN-Dobrovolney-155-93-2128H-3,
22771, conf, Hess, EN-Skabo Trust 155-93-0631H-2,
22772, conf, Hess, EN-Skabo Trust 155-93-0631H-3,
22795, conf, Hess, EN-Rehak 155-93-0718H-2,
22796, conf, Hess, EN-Rehak 155-93-0718H-3,
22659, conf, Whiting, Cvancara 12-14TFH,

ALGER FIELD

I am spotlighting various oil fields in the Williston Oil Basin, a project I started in early 2010. I selected Alger Field as one of the first fields to spotlight because of its surprises.

Unbeknowst to me at the time I selected the Alger Field to spotlight was the bidding war for some acreage in the Alger. Click here for the thread: note that an entity called the Irish Oil and Gas Company has just gained control of 120 acres in the Alger Field for $7,300/acre which works out to $4.7 million/section. The 120 acres are in sections 11, 12 and 13, T155N-92W, where there are already two wells on confidential status, #18647, Fidelity, Anderson 11-13H; and #17392, BEXP, Anderson 1-11H. Quite a surprise. If this thread is accurate, this is quite incredible, perhaps the most incredible thing that has happened in the history of investing in the Bakken.] [UPDATE: March 19, 2010: the BEXP Anderson 1-11H permit (#17392)  was canceled, as was BEXP permit #17353, Olson 5-6 1H, both in the Alger.]

The Alger Field is in Mountrail County, the same county where the prolific Sanish and Parshall fields are located. It is located northwest of and not too far away from those two fields. In fact, the southeast corner of the Alger borders the Sanish. The southwest corner of the Alger borders Robinson Lake. The Alger Field, with 104 sections is a relatively small field; it is a rectangular field just west of Stanley, ND. The town of Ross, ND, is located in the northeast sector of the Alger Field.

It is one of my favorite fields for two reasons: a) it is full of surprises -- there have been some good wells and there's a lot of activity; and, b) I traveled (railroad, hitchhiking, driving) that area of North Dakota too many times to count -- US Highway 85 goes right through the middle of that field -- through Ross, and then through Stanley -- near the center of activity in the Bakken. Lots of great memories. All those  years of driving through Ross -- I never  had any idea how active this area would become.

It appears the acreage in the Alger is controlled by BEXP, Hess, and EOG, causing for some interesting head-on-head comparisons.

The current producing wells are a mixture of short laterals and long laterals.

(P) = Producing
(C) = Confidential
NR = producing but not reporting IP
______________________

Going from northeast quadrant to southeast quadrant (IPs are updated periodically):

17184: 639, EOG, Ross 2-03H, t9/08; cum 96K 7/12;
19854, 328, EOG, Ross 35-0331H, Alger, t11/11; cum 60K 7/12;
19793, 215, EOG, Ross 33-0434H, Alger
19794, 446, EOG, Ross 34-533H, Alger; s12/10; t6/11; cum 54K 12/11
18310: 493, EOG, Ross 21-04H
17795: 233, EOG, Ross 3-04H
17526: 400, EOG, Ross 4-05H; Alger field; s3/09; t8/09; cum 111K 12/11
18118: 285, EOG, Ross 12-06H; Alger field, s2/10; t5/10; cum 46K 12/11
17531: 750, EOG, Ross 5-08H
19358: 698, EOG, Ross 22-07H, Alger
19679, 866, EOG, Ross 31-0806H, Alger, t6/11; cum 107K 7/12;
18444: 282,  EOG, Ross 100-09H
17950: 460, EOG, Ross 1-09H
18843: 554, EOG, Ross 18-10H
18819: 526, EOG, Ross 13-15H
20295, 184, EOG, Ross  28-1615H, Alger; 4-section spacing;
19722, 847, EOG, Ross 29-1716H, Alger,
19767, 390, EOG, Ross 32-1707H, Alger
20696, 323, Hess, EN-Meiers A-156-93-13H-1, Alger
16587 282: EOG, Ross 20-16H (new name)
16586: 537, EOG
18024: 836. EOG, Ross 10-18H
18855 DRL: Oasis, Meiers 5692 11-19H
20202, 2,634, Oasis, Mallard 5692 21-20H, Alger,  
18763: 853, EOG, Ross 15-28H
18784: 3,070, BEXP, Ross-Alger 6-7 1-H

Town of Ross

18062: 795, EOG, Ross 11-27H
19560, 839, EOG, Ross 27-2728H, s11/10; t3/11; cum 64K 10/11
18763, 853, EOG, Ross 15-28H, s4/10; t6/10; 102K 10/11
17664: 267, Hess, RS-Anderson-156-92-3229-1
17572: 395, Hess
17792: 186, Hess, RS-State ND D-155-92-0203H-1
17401 (Canceled): NR, Lario, Sorenson 1-9H
17392 (Canceled): BEXP/Lario, Anderson 1-11H - canceled March 19, 2010
18647: 785, Fidelity, Anderson 11-13H
18981, 2,952, BEXP, Holm 9-4 1-H
19019; PNC, BEXP, Alger State 16-21 1-H
18547: 3,115, BEXP, Jerome Anderson 15-10 1-H
17165: 1,042, BEXP, Carkuff 22 1-H
16893: 368, BEXP
17359:1,220, Fidelity, Bakke 11-24H
17481: 892, BEXP, Adix 25 1-H
18896: 5,061, BEXP, Clifford Bakke 26-35 1-H
18156, PNC, Lario, Bakke 1-26H (that's correct, "Bakke")
17724: 2,021, BEXP, Strobeck 27-34 1-H
18628: 4,357,  BEXP, Jack Cvancara 19-18 1-H
19057: 4,106, BEXP, Domaskin 30-31 1-H, daily activity report, Jan 12, 2011, 50K in first month
17355 3,909: BEXP, Cvancara 20 1-H

BEXP will be putting a 5-well pad in this section: 20-155-92.


17351: 1,756, BEXP, Anderson 28-33 1-H, long lateral
18654: 3,511, BEXP, Sorenson 29-32 1-H
18721,  PNC, BEXP, Evans 27-22 1-H
19036 (on top of 18721): 2,086, Oasis, Evans 5693 42-27H, t11/10; cum 148K 7/12;
18685,  PNC, Hess, RS-Panzer Farms-155-92-3229-1H
18686,  PNC, Hess, RS-Panzer Farms-155-92-3729H-3
18760, 2,789, BEXP, Brown 30-19 1-H, t4/11; cum 138K 7/12;


18654: 4,335, BEXP, Sorenson 29-32 1-H -- being contested by Hess, Feb 26, 2010 -- This well sits right between two other BEXP wells, but for some reason Hess is crying "foul." The two BEXP wells on either side of 18654 are 17355 and 18628.

18685,  PNC, Hess, RS-PANZER FARMS-155-92- 3229H-1
18686,  PNC, Hess, RS-PANZER FARMS-155-92- 3229H-3

Going from northwest quadrant to southwest quadrant:

19097: 2,944, Oasis, Merritt 5693 11-24H
19407,  PNC, BEXP, Barstad 23-14 1-H
17477, 200, Oasis, Mell 44-21H
18371, 2,037, BEXP, Liffrig 29-30 1-H, press release, 24 Feb 10
18760, 2,789, BEXP, Brown 30-19 1-H
17018, 272, BEXP
18466, 376, Oasis, Hynek 5693 42-35H
17378, 309, Hess, En-Hynek-155-93-0112H-1
16898,282, BEXP
18744: 3,660, BEXP, Wright 4-33 1-H
19351, 1,529,  Hess, EN-Vachal-155-93-0532H-1, s3/11; t9/11; F; cum 57K 10/11
19352, 1,290, Hess, EN-Vachal-155-93-0532H-2, s3/11; 32K in first 20 days
19354,  loc, Hess, EN-Vachal-155-93-0532H-3
18848,  PNC,  BEXP, Charlie Sorenson 8-17 1-H
18677: 342, Hess, EN-Skabo Trust-155-93-0631H-1
18674 436: Hess, En-Rehak-155-93-0718H-1; only 436 for an IP, but 88,000 bbls in first 18 months
18881, 1,693. BEXP, Esther Hynek 10-11 1-H
18566: 1,204, Whiting, Cvancara 11-14H
17389, 322, Hess, En-Cvancara-155-93-1522H-1
18229,  531, Hess, En-State B-155-93-1609H-1
18405: 225, Hess, EN-Dobrovolny-155-93-2128H-1

New Activity:
18706,  PNC, BEXP, NENW 32-156N-89W, Bangs 32-5 1-H
18712, 1,391, Slawson,  SESW 36-155N-92W, Athena 1-36H, s6/11; F; t8/11; cum 44K 10/11


Hess "Orion Belt" -- in section 30-155-93
18838, 424, Hess, EN-Abrahamson-155-93-3019H-1, t7/10; cum 99K 7/12;
18839, 424, Hess, EN-Abrahamson-155-93-3019H-2, t10/10; cum 104K 7/12;
18840, 684, Hess, EN-Abrahamson-155-93-3019H-3, t12/10; cum 124K 7/12

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