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Strategic Advisors

Bakken Shale Analysis (Part 2): Breakdown of Confidential well permits by Operator

Bakken Shale Analysis (Part 2): Breakdown of Confidential well permits by Operator

An overview of confidential exploration permits issued in the Bakken shale field in 2012

Bakken Shale: Confidential Well Permits by Operator 1/15/2012


Summary:

  • 1701 existing confidential well permits have been issued.   These are owned by 75 firms

  • The range of permits held is 187 (Continental Resources) to 1 (22 firms).  The median number of permits held amongst the 75 companies is 5.

  • 58% of all permits held by 10 firms (Continental, Hess, Brigham, Petro-Hunt, Whiting, Enerplus, Marathon, Burlington, XTO, EOG)

  • Activity leaders in Bakken, based on confidential permits (% of all permits)= CONTINENTAL RESOURCES (11%), HESS CORPORATION (8%), BRIGHAM OIL & GAS, L.P. (7%), PETRO-HUNT, L.L.C.(6.3%), WHITING OIL AND GAS CORPORATION (5.3%)



Continental resources owns the most permits in Bakken, by a significant margin. The top 10 operators own 58% of all wells


Detail/DataTable


Bakken Well Permit Analysis: By Operator

Number

Pct of Total






Filter








Operator







1

CONTINENTAL RESOURCES, INC.

187

11.0%

2

HESS CORPORATION

134

7.9%

3

BRIGHAM OIL & GAS, L.P.

121

7.1%

4

PETRO-HUNT, L.L.C.

107

6.3%

5

WHITING OIL AND GAS CORPORATION

90

5.3%

6

ENERPLUS RESOURCES USA CORPORATION

79

4.6%

7

MARATHON OIL COMPANY

74

4.3%

8

BURLINGTON RESOURCES OIL & GAS COMPANY LP

71

4.2%

9

XTO ENERGY INC.

65

3.8%

10

EOG RESOURCES, INC.

60

3.5%

11

KODIAK OIL & GAS (USA) INC.

58

3.4%

12

SLAWSON EXPLORATION COMPANY, INC.

52

3.1%

13

OASIS PETROLEUM NORTH AMERICA LLC

50

2.9%

14

DENBURY ONSHORE, LLC

48

2.8%

15

SAMSON RESOURCES COMPANY

46

2.7%

16

DAKOTA-3 E&P COMPANY, LLC

43

2.5%

17

NEWFIELD PRODUCTION COMPANY

40

2.4%

18

ZENERGY, INC

37

2.2%

19

QEP ENERGY COMPANY

31

1.8%

20

NORTH PLAINS ENERGY, LLC

23

1.4%

21

OXY USA INC.

23

1.4%

22

SM ENERGY COMPANY

23

1.4%

23

ZAVANNA, LLC

22

1.3%

24

HUNT OIL COMPANY

20

1.2%

25

G3 OPERATING, LLC

16

0.9%

26

FIDELITY EXPLORATION & PRODUCTION COMPANY

15

0.9%

27

HELIS OIL & GAS COMPANY, L.L.C.

14

0.8%

28

BAYTEX ENERGY USA LTD

13

0.8%

29

LEGACY OIL & GAS ND, INC.

13

0.8%

30

CRESCENT POINT ENERGY U.S. CORP.

12

0.7%

31

GMX RESOURCES INC

10

0.6%

32

TEXAKOTA, INC.

9

0.5%

33

CORNERSTONE NATURAL RESOURCES LLC

8

0.5%

34

FRAM OPERATING LLC

8

0.5%

35

CHESAPEAKE OPERATING, INC.

5

0.3%

36

ETERNAL ENERGY CORPORATION

5

0.3%

37

MUREX PETROLEUM CORPORATION

5

0.3%

38

SINCLAIR OIL AND GAS COMPANY

5

0.3%

39

WARD-WILLISTON COMPANY

4

0.2%

40

ABRAXAS PETROLEUM CORP.

3

0.2%

41

ARSENAL ENERGY USA INC.

3

0.2%

42

BALLANTYNE OIL, LLC

3

0.2%

43

CORINTHIAN EXPLORATION (USA) CORP

3

0.2%

44

SEQUEL ENERGY, LLC

3

0.2%

45

VECTA OIL & GAS, LTD.

3

0.2%

46

BALLARD PETROLEUM HOLDINGS, LLC

2

0.1%

47

BTA OIL PRODUCERS, LLC

2

0.1%

48

KAISER-FRANCIS OIL COMPANY

2

0.1%

49

OPEN RANGE INC

2

0.1%

50

SHD OIL & GAS, LLC

2

0.1%

51

SUMMIT RESOURCES, INC.

2

0.1%

52

TRUE OIL LLC

2

0.1%

53

WESCO OPERATING, INC.

2

0.1%

54

ANSCHUTZ EXPLORATION CORPORATION

1

0.1%

55

BOSQUE DISPOSAL SYSTEMS, LLC

1

0.1%

56

CCS MIDSTREAM SERVICES, LLC

1

0.1%

57

CIRQUE RESOURCES, LP

1

0.1%

58

DAKOTA SALTS, LLC

1

0.1%

59

FLATIRONS RESOURCES LLC

1

0.1%

60

FRONTIER VENTURES, LLC

1

0.1%

61

GADECO, LLC

1

0.1%

62

HOLE IN THE GROUND DISPOSAL, INC.

1

0.1%

63

LIBERTY RESOURCES LLC

1

0.1%

64

LUFF EXPLORATION COMPANY

1

0.1%

65

MANN ENTERPRISES, LLC

1

0.1%

66

PRIMA EXPLORATION, INC.

1

0.1%

67

RC DISPOSAL, LLC

1

0.1%

68

RESOURCE DRILLING, LLC

1

0.1%

69

SBG 1804 FACILITY LLC

1

0.1%

70

SBG GRASSY BUTTE LLC

1

0.1%

71

SBG MANNING FACILITY LLC

1

0.1%

72

SILVER OAK ENERGY, LLC

1

0.1%

73

STRIKE OIL INC

1

0.1%

74

TRIANGLE USA PETROLEUM CORPORATION

1

0.1%

75

WILLISTON EXPLORATION, LLC

1

0.1%


Total Result

1702



Median

5


Sources:  http://www.bakkenblog.com/ | North Dakota Department of Mineral Resources | Baker-Hughes International

January 18, 2012

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