Besides the 2 Niobrara Wells being free carried, I believe the Krier is subject to a 3.5% ORRI and the Breeden a 3.9% ORRI to SEA as part of the sale agreement.
Also SEA have the following wells in S Antelope waiting for frac as per February 2012 update:
Gabbert 4-2/11H WI 7.16% (Helis) BB Belquist 150-95-10/11H1 8.79% (Hess) Henderson 1-28/331H 6.65% (Helis) Jones 4-15/22H 4.92% (Helis) About WI 27.52%.
This is the Foreman S Antelope Well (3.29% SEA WI) that came off of confidental today - average 1,220BOPD or 1,510BOPED over 39 days -
NDIC File No: 21331 API No: 33-053-03721-00-00 CTB No: 121331 Well Type: OG Well Status: A Status Date: 1/22/2012 Wellbore type: Horizontal Current Operator: HELIS OIL & GAS COMPANY, L.L.C. Current Well Name: FOREMAN 5-2/1H Cumulative Production Data Pool: BAKKEN Cum Oil: 47610 Cum MCF Gas: 67878 Cum Water: 22617 Production Test Data IP Test Date: 1/25/2012 Pool: BAKKEN IP Oil: 2164 IP MCF: 2594 IP Water: 1280
Monthly Production Data Pool Date Days BBLS Oil Runs BBLS Water MCF Prod MCF Sold Vent/Flare BAKKEN 2-2012 29 31169 31203 11561 44767 0 44767 BAKKEN 1-2012 10 16441 16184 11056 23111 0 23111
Hess are waiting on frac/drilling some lower % wells and EOG have a couple drilling. Keep an eye on the Bakken oil price.
Please DYOR.
SEA Price at posting:
74.0¢ Sentiment: None Disclosure: Held