Montney Shale Formation Update: British Columbia Canada

By Tim - http://oilshalegas.com

Canadian Spirit Resources Inc. (CSPUF.PK) has recently updated shareholders on the Montney Shale located in British Columbia, Canada.

The joint venture increased its Montney rights from 47 sections to 51 sections (gross). CSRI now has approximately 30 net sections of Montney rights in the Farrell Creek area of northeastern British Columbia.

The Operator, Canbriam Energy BC Partnership ("Canbriam"), continues to progress with the $49.0 million (gross) capital program for 2010.

The c-A48-I well was stimulated in the lower portion of the Montney Formation. With only two stages flowing, the well had an initial production rate of 3.5 mmcf/d, and a stabilized rate of 2.0 mmcf/d over a seven day period.

An additional upper Montney horizontal leg will also be drilled and completed from the existing wellbore at c-A48-I by year-end.

The first of two horizontal wells targeting the upper portion of the Montney Formation has been drilled and cased from the c-18-I pad. A second well, from the same pad, is currently being drilled. It is expected that this second well will be drilled and cased by the end of September, with both wells to be stimulated in October.

A gas facility is expected to be commissioned during the fourth quarter of 2010. It will have an initial capacity of 10 mmcf/d and will be scalable to 50 mmcf/d.

Full Article

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Bakken Formation Pipeline Expansion: Enbridge Energy (EEP)

By Tim - http://oilshalegas.com

Enbridge Energy Partners L.P. (EEP) has announced a pipeline expansion in the Bakken Shale located in North Dakota, Montana, and Canada.

Enbridge Announces Next Bakken Pipeline Expansion Program

Enbridge Energy Partners L.P. (NYSE: EEP) ("EEP") and Enbridge Income Fund (TSX: ENF.UN) ("ENF") announced today that they are proceeding, subject to customary regulatory approvals, with a joint project to further expand crude oil pipeline capacity to accommodate growing production from the Bakken and Three Forks formations located in Montana, North Dakota, Manitoba and Saskatchewan. The Bakken Expansion Program will increase takeaway capacity from the Bakken play by 145,000 barrels per day (bpd), which can be readily expanded to 325,000 bpd at low cost. EEP and ENF are affiliates of Enbridge Inc. (collectively "Enbridge").

Enbridge's Bakken Expansion Program will involve U.S. projects which will be undertaken by EEP at a cost of approximately US$370 million; and Canadian projects which will be undertaken by ENF at a cost of approximately Cdn $190 million. The expansion program will originate at Beaver Lodge Station near Tioga, North Dakota, in the heart of the Bakken, and will follow existing EEP and ENF rights of way to terminate at and deliver to the Enbridge mainline terminal at Cromer, Manitoba

Full Article

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Caddo Parish, LA: Haynesville Shale Update

By Andrea: http://oilshalegas.com

August 16, 2010: Cubic Energy Inc. (QBC) announced the drilling of their third well today in the Haynesville Shale, located in Caddo Parish, Louisiana:

Cubic energy Inc. (QBC) announces today that the Crow 8 No. 1 spud on August 10, 2010 and surface casing was set at 1,925 feet on August 11, 2010. The Crow 8 No. 1 is currently drilling its vertical portion of the well. This well is located in Section 8, Township 14 North ñ Range 15 West in Caddo Parish, Louisiana located in Cubicís Bethany Longstreet acreage. Cubic has a 24% working interest in this well.

Richard Sepulvado, Cubicís Vice President of Exploration and Production states, "This is the third well to be drilled under our existing drilling credit and we look forward to continued development of our Haynesville Shale acreage."

Cubic Energy, Inc. is an independent company engaged in the development and production of, and exploration for, crude oil and natural gas. The Companyís oil and gas assets and activity are concentrated primarily in Louisiana and Texas.

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Butler County, PA: Marcellus Shale Update

By Andrea: http://oilshalegas.com

Rex Energy Corporation (REXX) recently released an update on the Marcellus Shale in Butler County, PA:

They noted that this area of the Marcellus Shale fairway is liquid rich, resulting in a higher profit margin than the dry gas areas of the play. Additionally, due to the shallower depth and relatively consistent geology in the area, they believe this will ultimately be one of the lower cost areas to drill wells.

For the year-to-date (July 2010), they have completed four new horizontal Marcellus Shale wells in Butler County. In addition, there are five wells drilled and awaiting completion in two wells currently being drilled.

Due to significant improvement in the drilling efficiencies, Rexx Energy Corp. expects to have all of the ten wells of their previously announced plan of drilling to be completed by the time the cryogenic plant commences operations early in the fourth quarter.

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Williams County, ND: Bakken Shale update

By Andrea: http://oilshalegas.com

Samson Oil & Gas Limited (SSN) released an update for the Bakken Shale. Pending settlement of the appropriate permits, Samson Oil & Gas will stimulate two new wells by August 23, 2010:

In light of the decision not to proceed with the Exploratory Unit, Samson is also seeking permits for two further wells which will protect a private lease from expiration later this year. All of the leases that are subject to drilling permits will form a post -closing settlement with the Buyer and will be settled in December 2010 so long as the drilling permits are valid and the associated leases remain in place.

Rodney #1-14H (27% working interest)
As of 0600 hours CST the Rodney #1-14H was drilling ahead at a measured depth of 16,372 feet and is expected to reach a total depth of 17,225 feet in the next 24 hours. The well path has been maintained within the Middle Bakken Formation and has returned oil and gas shows that are consistent with previous well in the North Stockyard Field. The Rodney #1-14H well is located in Township 154N, Range 99W, Section 14 in Williams County, North Dakota. This is Samson’s fourth Bakken well in the North Stockyard Field. The fracture stimulation of the Rodney well is planned as a 35 stage stimulation placing 4 million pounds of proppant and is due to commence the week of August 23rd.

Gary #1-24H (37% working interest)
The Gary well has been drilled and cased to a total depth of 17,727 feet and the fracture stimulation of that well is planned to commence on August 30th. The stimulation is planned to include 20 stages, 5 stages more than the Gene well which returned an IP of in excess of 3000 BOEPD. The stimulation will include the placement of 3 million pounds of proppant. The Gary #1-24H well is located in Township 154N, Range 99W, Section 24 in Williams County, North Dakota. This well was Samson’s third Bakken well in the North Stockyard Field.

Stimulation Operations

Operations to stimulate both the Rodney and the Gary wells are expected to commence the week of August 23rd. The detail sequencing of the stimulation operations have yet to finalized, but the current plan is to commence the first 8 stages of the 35 stage plan in Rodney and then to proceed to the 20 stage Gary stimulation.

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Payne County, OK: Woodford Shale Update

By Andrea: http://oilshalegas.com

August 11, 2010: American Petro-hunter Inc. (AAPH.OB) announced their plans to drill a horizontal oil well in the Woodford Shale on the North Oklahoma Project leases located in Payne County, Oklahoma.

The new well will be a 2,000 foot horizontal well and could recover 1,000-1,200 barrels of oil per day. The well will be drilled on an existing lease so there will be no additional farm-in costs incurred. The spud date is predicted to be sometime near the middle of September.

Currently all efforts at the Project to prove the presence of a large shale reserve have been positive. Preliminary operations and initial drill testing of the potential within a 48 foot thick shale pay zone calculated to produce commercial quantities of oil have been successful to date.

Read the full story here:

http://www.marketwatch.com/story/american-petro-hunter-to-drill-horizontal-well-at-north-oklahoma-shale-oil-project-2010-08-11?reflink=MW_news_stmp

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Tarrant County, TX: Barnett Shale

By Andrea: http://oilshalegas.com

EOG Resources Inc. (EOG) released an update on the Barnett Shale:

August, 2010: In the Barnett Combo play, we're operating 14 rigs and our typical horizontal results are characterized by the Murray #1H well, which tested at 452 barrels of oil per day, with 2 million cubic feet of rich gas, and the Break 2H, which tested at 528 barrels of oil per day with 2 million cubic feet of rich gas. The King #1H and Olden B#1H wells were outlined in the press release and tested at 344 with 2.5 million cubic feet of gas, and 323 barrels of oil per day with 1.7 million cubic feet of gas. The Alamo B#6H well is still cleaning up and is producing 500 barrels of oil per day.

Returning to our natural gas assets, we're continuing to have good results in the Barnett gas window. We're running two rigs in the Barnett gas area and recently completed six more unit wells in Tarrant County with an average IP of 7.5 million cubic feet a day each, with 68% working interest. Our all-in total Barnett gas finding cost year-to-date is $1.48 per Mcf.

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Kodiak Oil and Gas: Bakken Shale

By Andrea: http://oilshalegas.com

Kodiak Oil and Gas Corp. (KOG) released an update on the Bakken Shale early this morning. A new well has been completed and it is producing around 1,870 Barrels of oil a day:


August 9, 2010- Kodiak Oil & Gas Corp. (NYSE Amex: KOG), an oil and gas exploration and production company with assets in the Williston Basin of North Dakota and Montana and in the Green River Basin of southwest Wyoming and Colorado, today provided initial production rates on its recently completed Moccasin Creek (MC) #13-34-28-2H well. This release is provided to update the information concerning this well first reported in the Company's earnings release on August 5, 2010 and in its filing on Form 10-Q for the quarter ended June 30, 2010.

As previously announced, Kodiak successfully completed and flow-tested the MC #13-34-28-2H (Kodiak-operated 59% working interest / 48% net revenue interest) well. The well was completed in 15 stages through a 6,200-foot horizontal wellbore. After flow testing for the past six days, the well has now stabilized sufficiently to report a 24-hour initial production rate.

The MC #13-34-28-2H well recorded 24-hour initial production rates of 1,870 barrels of oil per day (BOPD) and 1.1 million cubic feet of natural gas (MMcf) per day, or 2,055 barrels of oil equivalent (BOE) per day. Kodiak completed the 24-hour production test utilizing a 22/64" choke with flowing casing pressure of 2,525 psi. Since the flow test began on August 2, 2010, the well has cumulative production of 6,546 barrels of oil and 4.5 MMcf of natural gas, or 7,298 BOE. During the last four days of full production, the well has produced 5,495 barrels of oil and 3.9 MMcf of natural gas, or 6,140 BOE for an average of 1,535 BOE per day.

Kodiak will next complete the MC # 13-34-28-1H offset well drilled from the same pad. This well is a 9,800-foot horizontal lateral and is scheduled for completion in the third quarter of 2010 with 22 stages in its design.

"To provide comparison to our past wells, our SEC filing date requirement for our second quarter 2010 necessitated reporting on August 5, 2010 of the preliminary flow test rates for our MC #13-34-28-2H," said Lynn A. Peterson, Kodiak's President and CEO. "These preliminary results indicated a very strong well. We are pleased to report that this well is our best well we have completed in the Bakken to-date, when considering that the well is producing on a 22/64th inch choke and that we are observing continued strong pressure. This well again demonstrates Kodiak's improved completion designs. The well further confirms the resource potential of our acreage position in North Dakota, which we estimate has 177 total locations, including de-risked Bakken and developing Three Forks potential. Our Williston Basin position also includes an extension area in Montana, which we estimate having 36 locations. We believe these locations are based on conservative spacing estimates."

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Three Forks Bakken Shale Continental Resources Inc (CLR)

Continental Resources Inc. (CLR) recently came out with a bakken shale update in the three forks / sanish oil field. As you can see below, these flow rates are really good, especially in North Dakota.

Notable Company-operated wells that targeted the Three Forks zone, with initial test results, included:


Meldahl 1-23H (35% WI) in McKenzie County. - 2,489 Boe;
Ole 1-29H (36% WI) in McKenzie County. - 1,864 Boe;
Bang 2-33H (45% WI) in Dunn County. - 1,860 Boe;
Roger 1-18H (22% WI) in Dunn County. - 1,486 Boe;
Stortroen 1-13H (49% WI) in McKenzie County. - 1,461 Boe;
Lundberg 1-8H (39% WI) in Dunn County. - 1,238 Boe;
Strid 1-26H (35% WI) in Williams County. - 1,092 Boe.

Notable Company-operated wells that targeted the Middle Bakken zone, with initial test results, included:


Franklin 1-20H (34% WI) in Divide County. - 1,288 Boe;
Bohmbach 2-35H (68% WI) in McKenzie County. - 1,271 Boe;
Brockmeier 1-1H (59% WI) in McKenzie County. - 1,217 Boe;
Anseth 1-29H (69% WI) in Williams County. - 1,088 Boe.

http://phx.corporate-ir.net/phoenix.zhtml?c=197380&p=irol-newsArticle&ID=1456530&highlight

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