Petro-Hunt, L.L.C. — Established Bakken Operator Running a Dual-County Spacing Blitz Ahead of a Packed September Docket

Docket & Locations

Petro-Hunt is active in two counties: Divide and McKenzie. In Divide, cases span T.162N.–T.163N., R.99W.–R.101W., touching the Colgan-Bakken, Big Dipper-Bakken, Gooseneck-Bakken, and Ambrose-Bakken pools. In McKenzie, the September 23 block covers T.147N.–T.148N., R.103W.–R.104W., targeting the MonDak-Bakken, Pierre Creek-Bakken, Cinnamon Creek-Bakken, and Flat Top Butte-Bakken pools. Spacing units in the active pipeline run at either 1,920 acres or 2,560 acres. The next scheduled hearing is August 27, 2026, with the larger McKenzie block following on September 23.

Portfolio

The total well count stands at 1,224, of which 744 are active and 733 are producing now. Another 236 have been plugged. The producing-to-active ratio reflects a well-managed, largely operational fleet rather than a build-up-and-hold posture. Work types in demand span the full development cycle: drilling rigs, frac crews, frac sand, new-pad dirt & construction, and water logistics & trucking.

Recent Orders, Cases & Key Numbers

Three orders were signed in the June–July 2026 window: Order 35776 (Spacing Order Amendment, Billings and Dunn counties, Little Knife-Bakken / Crooked Creek-Bakken, signed July 9, 2026); Order 35775 (Spacing Order, Billings County, Little Knife-Bakken, signed July 9, 2026); and Order 35355 (Spacing Unit Establishment and Pool Amendment, Divide County, Frazier Field, signed June 12, 2026). These confirm active conversion of filings to signed orders across multiple counties and pools. On the pending side, 10 cases are open, all 10 rated high-probability. The operator's historical win rate is 90%, and the momentum ramp score is 50.0 with 40 wells authorized in the pipeline.

Case-Level Detail: Divide County Pipeline

Case 33089 (Big Dipper-Bakken, 1,920 acres, 6 wells authorized, 8 prior wells) carries a 100% progression probability and is new-pending for the August 26 hearing. Cases 32950 and 32948 (Big Dipper/Gooseneck and Colgan/Big Dipper, each 1,920 acres, 3 wells authorized, 20 and 6 prior wells respectively) both sit at 99.6% probability. Case 32949 (Colgan-Bakken, 1,920 acres, 6 wells authorized, 7 prior wells) is continued-pending at 99.6%. The outlier is case 32848 (Ambrose-Bakken, 2,560 acres, 4 wells authorized, 4 prior wells), continued since May 2026 with a 58.4% progression probability — the only case in the portfolio with meaningful uncertainty.

Case-Level Detail: McKenzie County Pipeline

All 8 McKenzie cases are new-pending for the September 23, 2026 hearing and carry 100% progression probability in the hearing data. They span four Bakken pools across two townships and two ranges. Wells authorized per case are uniformly 4, with spacing units of either 1,920 or 2,560 acres. Prior-well counts range from 0 (case 33157, the greenfield Pierre Creek location) to 6 (cases 33155 and 33156). No ML progression probabilities have yet been assigned to the McKenzie cases at the dev-location level, consistent with their brand-new filing status.

Hearing locations