Neptune's Kay Arnson Well --> Kraken's Kay Arnson Well -- Strandahl -- #21316 As Of October, 2025

This is incredibly unimportant but if you are tracking your wells, note the change of operator for the Kay Arnson USA well northeast of Williston. 

The changeover (with regard to royalty payments) came August / September, 2025, if I recall correctly. So you won't see it on your Neptune statement any more; it's on your Kraken statement.  

The well:

• 21361, 860, Kraken/Neptune/Bowline, Kay Arnson USA 34-35H, t5/12; cum 164K 2/26; sited, SWSE Section 35-157-103, 

• 1280-acre spacing; sections 26 and 35; it's quite a ways northwest of Williston; about twelve miles south and four miles west of Blacktail Dam. This is the only well in this drilling unit. Some day there will be more. 

 

Chord Energy -- XTO Assets -- Acquisition Closed Last October, 2025 -- Posted April 4, 2026

See details at this blog. 

As far as I know, readers did not receive a 1099 for 2025 from Chord Energy which is now responsible for royalties and 1099s for XTO assets Chord purchased from Exxon in calendar year 2025, which closed October 31, 2025. 

Oasis, Whiting, and Enerplus continue to pay royalties under their own names (Oasis, Whiting, and Enerplus) and those three companies will provide EOY 1099s.

Again, this is not true for XTO assets acquired by Chord in 2025. Royalty owners of those assets should expect to see checks directly from Chord starting in 2026. In their original note to royalty owners concerning this acquisition it was stated that royalties owners might see a 1099 from Chord in 2025. To the best of my knowledge, that did not happen.