Formentera Operations LLC is an established North Dakota Bakken operator with 563 total wells, 330 active and 308 currently producing, concentrated in Divide and Burke counties. Its docket is deliberately lean — one pending case as of October 2026 — a spacing unit application for the Colgan-Bakken and Big Dipper-Bakken pools in Divide County, requesting 4 wells across 1,920 acres in Sections 8, 17, and 20 of T.163N., R.101W. That case carries a 99.6% progression probability and has been continued since a first hearing on June 25, 2026, with four continuances logged; the next scheduled hearing is October 22, 2026. Recent signed orders are dominated by salt water disposal authorizations across Divide and Burke counties, signaling active produced-water infrastructure work alongside the development pipeline.
Formentera has one pending case: case 32947, a spacing unit application it filed as applicant for the Colgan-Bakken and Big Dipper-Bakken pools in Divide County. The proposed unit covers Sections 8, 17, and 20 of T.163N., R.101W., spanning 1,920 requested acres with 4 wells requested. The case is in a continued stage — first heard June 25, 2026, continued four times, and next scheduled for October 22, 2026. Two prior wells already exist in this area, confirming this is not a greenfield position. The progression probability sits at 99.6%, and the operator's historical win rate is 100%. A continued case can be continued again; no order has been signed for this case.
Formentera's total well count stands at 563, of which 330 are active and 308 are producing now. Eighty-four wells have been plugged, reflecting a mature, multi-vintage asset base. Work-type exposure spans the full development cycle: drilling rigs, frac crews, frac sand, new-pad dirt and construction, and water logistics and trucking.
Eight orders were signed between August 21 and September 21, 2026 — seven Salt Water Disposal Authorizations and one Salt Water Disposal Conversion Authorization — spread across Divide County (Noonan Field, Frazier Field) and Burke County (Larson Field, Black Slough Field). Order 36007 in Burke County's Larson Field carries no listed order type in the record. No drilling or spacing orders appear in the recent-orders set; all regulatory activity visible in signed orders is SWD-focused, underscoring the infrastructure build-out theme.
Formentera's momentum ramp score is 5.0 with 1 high-probability pending case and a mom-avg_prob of 99.6%. The operator's 100% win rate across its docket history, combined with a deliberately thin pending pipeline, is consistent with a disciplined operator that advances cases only when the regulatory and operational groundwork is complete. Service vendors — particularly water logistics, frac, and SWD-related contractors — should treat the October 22 hearing date as the near-term trigger event for case 32947, while recognizing that a fourth continuation remains procedurally possible.
| Case | County | Pool | Precision | Map |
|---|---|---|---|---|
| 32947 | Divide | Colgan-Bakken, Big Dipper-Bakken | legal | 📍 map |