Montana has value for Fidelity Exploration from July 2014 and now also in Valley County where MAGP has acreage.
Four reissued permits were approved for Fidelity Exploration & Production Co. wells. In Fallon County’s Cedar Creek Field, two Eagle Formation wells were approved: the State 2887, located at SE NE 36-8N-59E (2574 FNL/1241 FEL) and the State 2889, located at NE SW 36-8N-59E (1446 FSL/2579 FWL). Both wells have a proposed depth of 2,000 feet. One of the wells is in the Bowdoin Field in Phillips County: the State 1316, located at NW SW 36-32N-33E (1993 FSL/870 FWL) and the fourth well, also in the Bowdoin Field but located in Valley County, is the Fee 1507, located at SW 19-32N-35E (124 FSL/1532 FWL).
The latter two wells will tap the Mowry Shale at a proposed depth of 1,800 feet.
Fidelity Exploration & Production Co.
Our gas assets include: • Significant operated fields (all 100% WI) – Baker Field, Fallon County, MT – Bowdoin Field, Phillips County, MT – Shiloh Field, Rusk County, TX • Current net production of 62 MMCF/d • Low cost/high margin production at Baker and Bowdoin • Horizontal drilling potential in Cotton Valley in Shiloh Field Oil growth is key to Fidelity’s strategy, but we maintain a diversified portfolio
CLR's August presentation is put up mainly to give better understanding of SCOOP, relevant to MAGP's interests in Grady, Stephens and elsewhere. There is also a diagram towards the end of the paper showing composition of the Woodford.
They are to extend through Sections 3 & 10. You will also note up to half-a-dozen light lines - proposed additions - running north/south that encroach into Section 2. In sum, it could be one of the biggest operations undertaken in Grady.
Lease details entered here are never older than the start of 2012. Generally, all of them carry tenure of not less than two years - probably three - with extensions granted when applied for and/or considered feasible. There is only one exception in a county (I forget which one) where the lease seems to be renewed every 6 months. In addition, the acreage in MT was understood to continue for not less than 5 years.
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