Roosevelt County, MT - Oil & Gas Discussion

Comment

Comment by charles s mallory on May 2, 2012 at 4:18pm

NOTICE:

I just learned that Summit Resources, who holds acreage in both Roosevelt County and ND, has sold its leases to Legacy Reserves LP, a Midland, Tx based company.  They will operate this area from their Cody, Wy. office.  Looks like a new name will be emerging in our area.  Currently, I have no information about this company other than what is on their website.  Hopefully, they will plan to develope some of this newly acquired acreage.

Comment by Dctex99 on April 29, 2012 at 11:23pm

HI:  Yes, sadly Brigham did their last Quarterly report on that October 5th document; Statoil took over after that and Brigham has just been an entity of Statoil;  at least they have lots of Cash as Statoil is almost as large as Shell worldwide!!!

 

Comment by ErnestM on April 29, 2012 at 10:55pm

For an idea of the activity in Roosevelt County, see http://www.bexp3d.com/IR_pres.pdf

Go to page 21. This is dated October 2011.

Comment by charles s mallory on April 29, 2012 at 2:47pm

Dctex99:

Thanks for the info on these websites.  In the past, I have strickly relied on the Montana Oil and Gas (activity reports) for my info. Sounds like alot of us mineral owner in the Roosevelt Co. area will get an opportunity to negotiate new leases as the old ones expire since the backlog is so heavy in that area.

Comment by ErnestM on April 29, 2012 at 1:57pm

Somewhere I got the idea that the French Well was an experimental  well into the Three Forks Sanish formation, not the Bakken. Is that right?

Comment by Dctex99 on April 29, 2012 at 1:52pm

I didnt realize I had not pasted this one.. http://www.bogc.dnrc.mt.gov/WebApps/DataMiner/Wells/Wells.aspx

replace the API on the upper left with the drop down of "Operator",put in that operator and search;;;;then go left and click on well...tells production and other info.... www.fracfocus.com has a few wells on it about fracing...   Iif you want to see my well,,,  Google  Hawkins 29-32; a friend  did a video on Youtube!!

Comment by Dctex99 on April 29, 2012 at 1:48pm

For statistics that  and Montana oil report; I have two people that still live up there and rent rooms to a Foreman and other workers and get me a lot of scoop on what is going on!!  Still a big shortage of rigs, Fracing crews, Workover crews and proper infrastructure so HBP is the rule of the day!!  I have 11 wells yet to be dug on rights I own, but it will be a long time I am sure!  It is just tooooo crowded up there; even $150 oil would not help that area til it gets caught up!!

Comment by charles s mallory on April 29, 2012 at 1:44pm

To anyone who is currently leased to Summit Resources:  Just recently learned via a company rep of Summit that they are selling all of their leases in the MT area and should be finalized in May.  Don't know how many acres this Canadian based company has in the MT area but they leased through Great Northern Energy several years ago.  It will be interesting to see what company or companies pick up these leases which most expire in late 2013, early 2014 according to this source.

Comment by charles s mallory on April 29, 2012 at 1:40pm

Dctex:

This French well apperars to be several miles the SW of my mineral area.  As you said, not a great well but a good one for MT.  Great info on the Montana Oil Report website.  What website(s) do you use to get the most up to date info in Roosevelt Co. ?

Comment by Dctex99 on April 28, 2012 at 11:32pm

29N - 56E - 31,  SE SW, 691 FSL, 2157FWL is the location of the French 21-30

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