From todays Fairfield Sun times paper. don
In Richland County, Fidelity Exploration & Production Co. has been issued a permit for the Jonsson 17-1, a Red River Formation well located at SE NW 17-21N-57E (1651 FNL/2255 FWL), with a proposed depth of 12,052 feet
but with a 50 % WI, GDP only has a 50 % Financial interest.. My point of the number crunching was to show that even with a large drop off in the rate of production this well will be profitable, even taking out the assumed 15 % royalty this well in 14 months generated approx. $ 12,000,000 to the operators..
Also the Severence tax law of 0 tax until well pay out will push for the drilling of the TMS.
The wells in the TMS, if they follow the exploration faze similar to the Bakken in ND , where I live, will be some good wells, some Great wells , some poor wells.. but Probably NO dry holes.. This may take 3 years to figure out the exact method of drilling/fraccing /location..for development drilling.. don
halap5 • 6 hours ago Posted this
( Declining rates of the oil wells located at MISSISIPPI section of the TMS
Crosby 12-1H Decline rate was 16% in a month, 35% in two months, 66% in seven months and 77% in 14
I calculated the oil production during the time fram furnished, on the Crosby well 12-1H ..don
Sure the decline rates are similar to what they are in Bakken, but in the time listed the Crosby well produced 155,885 Barrels of oil X $ 90 average and you have a well payout of $ 14,029,000
if all the Wells in the TMS preform at a rate there will be a lot of drilling and production activity in the TMS
Report Period Oil bbl/day
4/1/2014 ……….152 = 152 days and 27,208 BO
11/1/2013 ……..206 = 31 days and 7,006 BO
10/1/2013 ……..246 = 31 days and 8,280 BO
9/1/2013 ……….306 = 153 days and 68,850 BO
4/1/2013………. 594 =31 days and 21,049 BO
3/1/2013………. 764 = 31 days or 23,492 BO
2/1/2013 ……….914 ___________________
Using average oil production based on Mid point of time to calculate this .
MDU bought 50 % working interest in a NG plant near Belfield ND in 2010 and it is run in conjunction with Whiting. I wondered at this time If MDU was going to be involved More with the Natural gas processing going on in the Bakken..
NO way.. they let ONE OK eat their Lunch. ( OKE ) announced a few days ago the building of the 8th NG processing plant in the Bakken. since 2008 it makes you wonder how many gifts of Business MDU will let slide by them..
here is the list of one OK ng plants and capacity..
•Grasslands, Williams, 100 MMcf/d
•Stateline I, Williams, 100 MMcf/d
•Stateline II, Williams, 100 MMcf/d
•Garden Creek I, McKenzie, 100 MMcf/d
•Garden Creek II, McKenzie, 100 MMcf/d
•Garden Creek III, McKenzie, 120 MMcf/d -- to be completed in 2015* (ahead of schedule)
•Lonesome Creek, McKenzie, 200 MMcf/d -- announced July 14, 2014; to be completed in 2015
•Demicks Lake, McKenzie, 200 MMcf/d -- announced July 30, 2014; to be completed in 2016
Yes that is 1.020 BILLION cubic ft.
I was the Mississippi Board of oil/gas permits this mornings and looked up TMS permits... ECA in 2014 filed for 26 permits 24 in Amite county and 2 in Wilkinson County.
Other interest From Halcon Resources with 23 permits , of which 22 are in Wilkinson county and 1 in Amite county.
Goodrich Pet has 9 permits , with 8 in Wilkinson and 1 in Amite county.
Sanchez oil and gas has all 8 permits in Wilkinson.
This list is uptodate to 6-24-2014 the last date of info. don
Wow your First Post and you have been active for 31 Minutes.... I am sure everyone will listen to Your Advise..
Mississippi has counties and Louisiana has parishes . This is a copy past of a July 29th Face book page . go to FB and type in Tuscaloosa Marine Shale.. don
Folks occasionally ask questions about the number of wells that have been drilled and/or that are producing.
Easy question to ask. Not so easy to answer.
But, I'm going to give it my best effort.
Here is a summary by county and parish of wells, to my knowledge, currently producing as of today in the Tuscaloosa Marine Shale play that were drilled since 2007.
(Company names given are current producers whether that company originally drilled the well or not.)
Amite County - 18 wells...ECA - 13, GDP - 5.
Wilkinson County - 5 wells...ECA - 2, GDP - 2, HK - 1
Avoyelles Parish - 4 wells, all EOG
West Feliciana - 2 wells, both GDP
East Feliciana - 3 wells, all GDP
St. Helena - 5 wells, ...ECA - 3, GDP - 2
Tangipahoa - 3 wells, all GDP
In summary, that's 40 producing wells as of today. 18 EnCana, 17 Goodrich, 4 EOG, and 1 Halcon.
Please note there are an additional 4 wells that were drilled and are not producing that aren't counted, 2 EOG, 2 GDP.
There are also an additional 15 wells in the process of being drilled and produced.
So, that's a total of 59 wells that have been spudded, to the best of my knowledge.
I'm not sure if this will quench your thirst for knowledge on the subject of TMS drilled/producing wells or only arouse your curiosity further...we shall see!
By the way, the largest producing well in the TMS to-date is the Encana Anderson 18H-1. The second largest, but not by far and brought in over 8 months later, is the Goodrich Crosby 12-1H-1.
From a post done yesterday on the Crosby 12-1H well this is the monthly amount of production after 14 months. Apr-14 4414 4873 152 BO pd average
. the info I am using can be found by googling dmr.nd.gov . then click on directors cut
The ND Bakken really started with the success of the EOG wells around Parshall ND. in 2006.
The april 2014 Bakken /three forks wells production was 937,263 BO per day , from 7,386 active wells ( note these wells could be from 2004 or 2014 or any date in between)
The Average daily Bakken well production is 126.9 BO per day per well.. These Numbers DO NOT include and Nat. Gas..
Since 2006 approx. 30 different companies have had a average of almost 200 rigs drilling oil in the Bakken Formation, and the numbers I am seeing projects this to continue for another 30 years..
The Parabolic decline rate on these SHALE wells is terrible, but , the Majority of them are PROFITABLE..
I believe the TMS can be the Same as the Bakken, Yes Their will be a Few wells ( unlike this good Crosby12-1H well ) that will be Clunkers, but there will probably be NO dry Holes..
I believe one Needs to step back and look at the whole picture.. Sure the TMS is late in getting started, but there was SO Much Shale to drill, and only so few High Horse Power rigs to drill these depths and Lateral lengths.
So I am not concerned about the decline rate for a well that is paid for.., I would just LOVE to have 4414 BO per Month.. JMHO .. don
Article in todays Dickinson paper. don
A $350 million wind turbine farm near Hettinger may expand to a larger area to generate electricity more efficiently, pending approval from state officials.
The North Dakota Public Service Commission will meet Wednesday in Bismarck to hear an energy company’s plan to move turbines to encompass land previously restricted by the federal government.
Last year, the Federal Aviation Administration would not allow Thunder Spirit Wind, LLC, to build turbines on certain stretches of land in Adams County’s Duck Creek and Holt townships.
The FAA said that turbines would pose danger to planes coming through the area, said PSC public utility analyst Jerry Lein.
Because of this, Thunder Spirit restricted its 43-turbine wind farm plan to a smaller space, according to public documents.
In December, the government lifted a ban on construction on the area in question, which was based on unpublished plans for a future airport in Hettinger, according to Thunder Spirit,
Now that the FAA has given the go-ahead, Thunder Spirit selected larger turbines, which may need bigger expanses of land for maximum energy potential, PSC member Brian Kalk said.
“Getting the layout right will be a stepping stone to more wind power in the region,” Kalk said.
Commission members will consider if changes to the original wind farm plan will negatively affect Adams County residents or the environment, as well as if resources would be used effectively.
They will choose between a previous plan that does not consider newly opened-up land, but moves turbines slightly, and one that does take new access into account.
Thunder Spirit had originally wanted to build 75 turbines in Adams County to supply 150 megawatts of power. But last October, the company signed a power purchase agreement with Montana-Dakota Utilities to supply less — 107.5 megawatts of power for a 25-year period
As a Former Shareholder I have questioned the Book Value on ALCS for 3 or more years.. when the price hit $ 14 last summer in the proposed buyout, I RAN for the exit..
I am Not here to bad mouth this company, it is apparent that they Need No Help.. don
in Mid Feb 2014 Fidelity exploration came out with a PDF of the expansion in the paradox basin. this you can access by going to the Fidelity Exploration website.. a link is provided on first page.
( ETP ) stock ticker.
Energy Transfer Partners LP (ETP) has received approval from its board of directors to manufacture a roughly 1,100-mile pipeline (Bakken Pipeline). The publicly traded energy pipeline operator will transport crude oil from the oil producing region in the Bakken shale to Patoka, IL. Bakken Pipeline will thereafter join the partnership’s existing Trunkline Pipeline (Trunkline).
Energy Transfer Partners added that the shippers will get the opportunity to access the Midwest and East Coast markets by transporting crude from Patoka via rail. The shippers can also use the Trunkline to carry crude to the Gulf Coast market and Sunoco Logistics Partners LP’s (SXL) crude oil terminal at Nederland, TX.
The partnership's plan to build the Bakken Pipeline stems from sufficient interest that shippers showed in transporting the produced crude oil from the Bakken shale to the multiple markets. The pipeline will be able to carry 320,000 barrels per day crude oil initially. Later on, Energy Transfer Partners will boost the capacity as per customer demand. The partnership expects the Bakken Pipeline to start operating by the latter half of 2016.
KXnet , local CBS TV station is reporting.. ( Linton is approx. 80 miles SE of Bismarck ). don
Drilling for natural gas is underway in Emmons County.
The Department of Mineral Resources issued four drilling permits to Strata-X Energy in December.
Workers began drilling the first hole this weekend.
If they do hit natural gas and that's if this turns out to be a successful project there is a natural gas pipeline just north of here that they could tap into to distribute the natural gas.
We've seen local farmers who are hauling water to the site. They say the amount they've been asked to haul has doubled since the project began.
We talked to some local farmers and city officials but no one seems to know much about what's happening with this project.
No one from Strata-X is on site and the contractors doing the work and the contractors on site are unable to comment on the project.
Strata-X Energy has purchased over 20-thousand acres of mineral rights in Emmons County since last July.
The Department of Mineral Resources says it's rare to see permits issued this far east of Highway 83 in terms of oil or gas development.
The well is on confidential status so it may be months before much is known in terms of the success of the wells.
Another company attempted to drill in 2006 but was not successful
The sale can be used as a valuation for What the Bakken Property of Fidelity is worth.. Whiting ( WLL ) is
Buying Kodiak oil ( KOG ) for .177 shares of Whiting and assumption of KOG debt. approx. 6 Billion Dollars. don