I see this as a simple asset sale. We are in a different enviroment money wise from even 60 days ago. I also see MORE consolidation in the Bakken, as some of the publicly traded and some private companie re assess there positions.. Some of the public companies have way more land leases then they can drill, either in time or in Money. The fact willl show in the future as to how some of these well pay back the driller.. JMHO.. don
On Oct 8, 7:23 am, David <[EMAIL PROTECTED]> wrote: > My take is that Behm shot their wad of cash drilling the one Edwards > well (not sure which of many) that turned out to be a dry hole, and > they were not about to throw good money after bad. Not every driller > walks away with a big wad of cash. > > Hess seems to have just unending confidence it seems even tho most of > their Mountrail wells appear to fail to recover their costs over > several years..I have never fully understood their corporate mindset > in this regard. Hess is obviously a much bigger company with an > Eastern US retailing component too..and can afford to take more risks, > but I dont see the corporate progress being made of some of the others > with respect to both where to drill and how to drill. Many of the > other companies appear to be getting smarter and smarter as successive > wells improve over the previous efforts , but Hess seems to just keep > repeating themselves with persistently marginal results much of the > time--I don't see any clear evidence of improving results over time. > Go figure! I value their long term committment to ND but after that > is where I am lost.If anyone else has a different, more positive take > of Hess's efforts and incremental progress I'm all ears. > > On Oct 7, 7:38 pm, Bobcat <[EMAIL PROTECTED]> wrote: > > > > > what is the significance of this? > > bob > > > On Oct 7, 3:49 pm, Larry <[EMAIL PROTECTED]> wrote: > > > > I had heard a rumor many months ago that Hess had purchased Behm's > > > leases. This change of name report today seems to confirm that rumor. > > > > CHANGE OF OPERATOR FROM BEHM ENERGY , INC. TO HESS CORPORATION: > > > #17014 - Edwards 1-33 BH, NWNW 33154N-88W, NWNW 33-154N-88W, Mountrail > > > Co. > > > #17052 - Moen 1-29 BH, SESE 29-154N-88W, Mountrail Co. > > > #17054 - Thunshelle 1-28 BH, NWNW 28-154N-88W, Mountrail Co. > > > #17055 - Edwards 1-32 BH, NWNW 32-154N-88W, Mountrail Co. > > > #17063 - Edwards 1-30 BH, SESE 30-154N-88W, Mountrail Co. > > > #17065 - Edwards 1-31 BH, SESE 31-154N-88W, Mountrail Co. > > > #17066 - Meduna 1-4 BH, Lot 4 4-153N-88W, Mountrail Co.- Hide quoted text > > > - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
