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Samson Oil & Gas Limited Message Board

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  • lexpress56 lexpress56 Nov 8, 2011 2:09 PM Flag

    Backup Rig for MT

    If you dont mind taking the time to educate me a bit, would you please explain why companies list wells as confidential? And how are they listed BEFORE they become confidential? TIA

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    • Sure, there are any number of reasons for asking to withhold information on a well by the operator or reporting company.
      You can only imagine the problems in drilling, but a few are to keep lease prices low in a given area so a company can acquire more leases cheap. Or lack of funding and drilling priorities. Or even a dry hole. I copied the following from a link I found:.......


      >>>>>What does the term confidential mean?

      When an operator requests and is granted confidential (tight hole) status for a well, it restricts our ability to release information about the well. Section 43-02-03-31 of the North Dakota Administrative Code states in part:

      All information furnished to the director on new permits, except the operator name, well name, location, spacing or drilling unit description, spud date, rig contractor, and any production runs, shall be kept confidential for not more than six months if requested by the operator in writing. The six-month period shall commence on the date the well is completed or the date the written request is received, whichever is earlier. If the written request accompanies the application for permit to drill or is filed after permitting but prior to spudding, the six-month period shall commence on the date the well is spudded.

      All information furnished to the director on recompletions or reentries, except the operator name, well name, location, spacing or drilling unit description, spud date, rig contractor, and any production runs, shall be kept confidential for not more than six months if requested by the operator in writing. The six-month period shall commence on the date the well is completed or the date the well was approved for recompletion or reentry, whichever is earlier. Any information furnished to the director prior to approval of the recompletion or reentry shall remain public.

      This means that the only information the agency may release during the confidential period is the name the operator, the well name and location, the spacing or drilling unit description, spud date (when they commenced drilling), the rig contractor, and any production runs (oil sold) from the well.<<<

 
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