Valkyrie Operating, LLC is a focused Divide County Bakken operator with 18 total wells (11 active, 10 producing) and no recent signed orders — its entire near-term story is regulatory. All 5 pending cases are spacing unit applications scheduled for the same September 24, 2026 hearing, collectively requesting 60 wells across five named Bakken pools spanning T.162N.–T.163N., R.100W.–R.101W. Every case is in 'continued pending' status, and the operator's historical win rate sits at 85%. The docket momentum ramp reads 57.1, and 3 of the 5 cases carry high-probability scores (above 0.85 average). No signed orders appear in the recent-orders record, so none of the requested wells or acreage is yet authorized.
All 5 pending cases are spacing unit applications in Divide County, scheduled for the September 24, 2026 hearing. They span T.162N.–T.163N., R.100W.–R.101W. and collectively touch five Bakken pools: Fortuna, Gooseneck, Big Dipper, Colgan, and West Ambrose. Every case is in 'continued pending' status — none has a signed order. Case 32514 has accumulated 8 continuances (first heard January 22, 2026); Cases 32700, 32701, and 32702 each have 6 continuances (first heard March 26, 2026); Case 32951 has 3 continuances (first heard June 25, 2026). A continued case can be continued again; resolution at the September 24 hearing is not guaranteed for any of them.
Valkyrie carries 18 total wells: 11 active, 10 producing now, and only 2 plugged. The work-type footprint spans drilling rigs, frac crews, frac sand, new-pad dirt & construction, and water logistics & trucking — a full-cycle operational profile consistent with an operator preparing to drill, not just hold acreage. No recent signed orders appear in the record, so the producing base is the entirety of current output.
The 5 pending cases request a combined 60 wells. Three cases carry progression probabilities above the operator's 85% historical win rate: Case 32702 at 98.6% (5 wells, 2,560 acres, Gooseneck-Bakken/Fortuna-Bakken), Case 32700 at 95.5% (5 wells, 1,920 acres, Colgan-Bakken/Big Dipper-Bakken), and Case 32701 at 94.1% (30 wells, 1,920 acres, all five pools). Case 32514 scores 79.8% (10 wells, 1,920 acres, Fortuna-Bakken) and Case 32951 scores 66.4% (10 wells, 1,920 acres, Fortuna-Bakken). The portfolio average probability is 0.869. The operator's historical win rate is 85%. All wells and acreage figures are requested, not authorized.
The momentum ramp reads 57.1, with 5 pending cases and 3 flagged as high-probability. The operator's next hearing is September 24, 2026 — the same date as all 5 cases. There are no recent signed orders, meaning the ramp reflects anticipated regulatory progression rather than executed development. The work-type mix (drilling rigs through water logistics) signals readiness to mobilize once orders are in hand.
| Case | County | Pool | Precision | Map |
|---|---|---|---|---|
| 32702 | Divide | Gooseneck-Bakken, Fortuna-Bakken | legal | 📍 map |
| 32701 | Divide | Big Dipper-Bakken, Colgan-Bakken, Gooseneck-Bakken, West Ambrose-Bakken, Fortuna-Bakken | legal | 📍 map |
| 32700 | Divide | Colgan-Bakken, Big Dipper-Bakken | legal | 📍 map |
| 32951 | Divide | Fortuna-Bakken | legal | 📍 map |
| 32514 | Divide | Fortuna-Bakken | legal | 📍 map |