Hemi Energy Group Inc. (fka HMGP)

[1581]

Nice DD Jagman, if we were in Tioga. This is more appropriate for new hemi investors since it is where our leases are. Older article but definitely shows the RECENT growth of drilling activity.

Also here is a link for continuing bakken activity.
http://bakkenshale.blogspot.com/


http://www.bismarcktribune.com/articles/2006/12/07/news/state/125112.txt

Over 40 rigs drilling in N.D. oil patch
LOADING
Dec 07, 2006 - 04:07:29 CST
WILLISTON (AP) - More than 40 rigs are drilling for oil in North Dakota, the state Department of Mineral Resources reports.

The latest count shows 42 rigs - includes 11 in Williams County, seven in Bowman County and six each in Dunn and McKenzie counties. Burke, Divide, Mountrail County and Renville counties each have at least one rig.

"I expect it to stay steady. It will not slow down unless the price of oil goes way down," said Mark Bohrer, petroleum engineer for the agency.

The area saw an oil boom in the 1980s. Bohrer said horizontal drilling and higher prices are leading the latest surge.

"In October of 1981, we had 146 rigs being drilled. We had 2,870 producing wells that were (bringing in) 125,000 barrels per day," he said. "We now have roughly 3,600 wells producing 113,000 barrels a day."

Bohrer said permit applications for drilling have tripled from just four years ago.

People come to the county courthouse to search for land records.

"Land men (and land women) determine ownership about who owns which minerals and where they are," said Kari Evenson, the Williams County recorder-treasurer. "From there, the oil companies decide if they want to offer a lease to the mineral owner."

"Probably now, we see four to ten land men in a day," she said. "We've had up to 20 to 25."

Her office has had to make room for the influx of people from just a few years ago.

"We've added space in the basement vault - they are in the treasurer's vault and we have space in the commons area between the auditor's office and our office," Evenson said.