True Oil LLC is a McKenzie County-focused ND operator with a portfolio of 122 total wells, 32 active and 31 currently producing, and 16 plugged. As of late August 2026, the company carries zero pending cases, zero wells authorized, and zero development momentum — yet it secured two spacing orders in June and July 2026 covering the Bowline-Bakken Pool and North Branch fields. The picture is of a mature, largely static operation that is quietly preserving regulatory optionality while running no visible drilling program.
True Oil's recent regulatory footprint is confined to McKenzie County. Order 34452 (signed 2026-07-09) is a Spacing Order – Zone Modification for the Bowline-Bakken Pool; Order 34482 (signed 2026-06-22) is a Spacing Order Amendment for the North Branch field. Both are administrative in character — zone and spacing adjustments rather than new well authorizations. There are no pending cases, no upcoming hearings, and no named parties or convergence activity on record.
The well inventory totals 122, with 32 classified active and 31 producing at the time of this snapshot — a near-complete overlap that leaves virtually no idle active capacity. Sixteen wells have been plugged, a meaningful retirement count relative to the active base. No work types, no authorized wells, and no ramp signal are present, confirming this is a production-maintenance posture rather than a development one.
The two spacing orders — Bowline-Bakken Pool zone modification and North Branch amendment, both in McKenzie County — are the only regulatory actions on record. No new cases are pending. The orders preserve or refine existing spacing units, consistent with an operator protecting acreage positions without committing to a drill schedule. Confidence that this reflects deliberate optionality-building rather than imminent activity is 90%.