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Oil & gas discussion group for those interested in Golden Valley County, ND. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.
Website: http://www.bakkenshale.com
Members: 22
Latest Activity: May 14
Started by Eastern MT. Last reply by Eastern MT May 14. 8 Replies 0 Likes
Whiting Petroleum's "Big Island Prospect" includes a large slice of central Golden Valley Co., North Dakota. Here is a little summary / update for those interested in this area. The Big Island…Continue
Keywords: Red River, Beach, Whiting, Golden Valley, Big Island
Started by Joel. Last reply by r w kennedy Feb 22. 9 Replies 0 Likes
My brother got feed up last winter and signed for $225 with NMA of 89.13, 3 years, 16%. The rest of my family is holding out for a definition of "capable of producing" clause, environmental hold…Continue
Started by Ralph Peterson. Last reply by Ralph Peterson Feb 13. 4 Replies 0 Likes
is there any activity in this area?Continue
Started by Allan Peterson. Last reply by Allan Peterson Feb 13. 2 Replies 0 Likes
Does anyone know what the term plugged or producing means on the daily report for the NDIC ? Seems like a strange category for those two terms to be together,thanksContinue
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Comment by Eastern MT on May 5, 2012 at 11:39pm Zeb, that is a fair write up on Chesapeake. The company has plenty of problems (primarily $2 gas with their gas/oil ratio, heavy debt load, and SEC inquiry). Yet in my opinion their stock (CHK) is so beaten down that it is probably a very good speculative play. Looking ahead a few years it is likely an easy double (with plenty of volatility in between). Though with their mounting problems I wouldn't be shocked to see them being acquired for their assets. However even though I might buy a few shares, if they want to lease you, be sure to get the check cashed as quickly as you can. ;)
Comment by Zeb Glub on May 5, 2012 at 10:19pm
Comment by Eastern MT on May 5, 2012 at 5:40pm Aubrey, if you have nothing with a legal description, you might try calling the county courthouse in Beach. Presumably "Viel-Dynes" were surnames of families which owned that property. A local in the courthouse may recognize the names and be able to help you determine the location.
Comment by Eastern MT on May 5, 2012 at 5:36pm From the NDIC website.
On the May hearing docket, Whiting applied to create seven new 1,280 acre drilling units in T142 R103. Previously Burlington Resources (Conoco) applied to create six. So that Township may be poised for some new activity.
Elsewhere, in T141 R104 Sec. 22, Whiting is moving a rig in to drill their "Rieckhoff 44-22" well. This is the same section where last year they completed "Maus 23-22" in the Red River formation. I don't know, but since they're so close, this might be a test to see how tightly they can space their R.R. wells in this area.
Comment by Eastern MT on April 22, 2012 at 3:55pm Zeb, you are right. This 'page' does bring things to everyone's attention. Though I'll continue to plug things into the "Big Island" post just so they're consolidated in one place.
For those who don't know, "Big Island Prospect" is the name Whiting Petroleum uses to describe their exploration activity in most of Golden Valley County. I think they may consider their drilling along the NE edge of the county as another prospect name. Though the bulk of their activity in the county is their "big island".
While other oil companies are present in the county, for now Whiting is the most active company operating in the county. For those who are interested you might look at the "Big Island" post above periodically, or check the "follow" option to be alerted to new posts.
Comment by Zeb Glub on April 21, 2012 at 12:25am I felt some people from Golden Valley County may not know about or be aware of the "Big Island" venture so I thought it would best be posted here but thank you anyway
Comment by Eastern MT on April 20, 2012 at 4:07pm Zeb, we should probably place future posts on this up in the "Big Island" thread or start another if you prefer.
There are four 1,280 acre spacing units around the Nistler well (13 & 24, and 25 & 36 in 141-105, and then next door with 18 & 19, and 30 & 31 in 141-104). At the same time Whiting also put together four more up in 142-105 and 143-105. However WLL seemed to lose interest in those when their Jones well (Sec 35, 143-105) didn't pan out.
Comment by Zeb Glub on April 20, 2012 at 3:46pm Yes I am told it is a double spacing unit, one of four such units in GV county. Yes, still anyone's guess as to how the Nistler will play out. My thinking is that Whiting has a "hold card" which will become much more clear in this coming year.
Comment by Eastern MT on April 20, 2012 at 3:19pm Zeb thanks for the info. That would be very interesting since Nistler was rumored to be non productive. Note that is just a rumor.
Regarding that same area; since I last posted Whiting moved a rig onto Sec. 3, and filed for a permit on Sec. 2 (both in 141N 105W). That is the same township as Nistler and the same general area as their Peplinski (sec 9, IP 200 bbls) and Brookhart (sec 14, still confidential) wells.
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