Saturday, July 2, 2016

It Just Never Quits -- The Shale Boom's New Winner: Propane -- Headline Story Over At The Wall Street Journal: US Propane Exports To Exceed Those Of Qatar, KSA, Algeria, Nigeria Combined -- July 2, 2016

US exports account for more than a third of the overall market for waterborne shipments of propane. Regular readers of the RBN Energy blog are well aware of this.

And, again, a reminder that Hillary Clinton has announced that she will do to fracking what President Obama has done to coal.

From the linked article:
The U.S. is exporting record volumes of propane, another way in which the shale boom has made the nation a more dominant force in the global energy trade.
Foreign sales are surging as U.S. producers capitalize on higher prices overseas. That in turn is causing U.S. prices to rise, making Fourth of July barbecues a bit more expensive than cookouts a few months ago.
In a first, U.S. oil-and-gas companies are on track this year to export more propane than the next four largest exporting countries combined—OPEC members Qatar, Saudi Arabia, Algeria and Nigeria, which have long dominated the trade.
U.S. exports already account for more than a third of the overall market for waterborne shipments.
Propane exports hit an all-time high of 884,000 barrels a day in February. Platts Analytic projects that a new record was set in May, for which government data isn’t yet available. The exports have been enabled by a new network of pipelines, shipping terminals and tankers that doubled capacity from a year ago.
After the shale boom made propane more plentiful, exports became a widely sought solution because it is much easier to bottle and ship than other fuels. About half of all U.S. exports wind up in Latin America, while the rest goes to northwest Europe and Asian markets. In 2013, the U.S. overtook Qatar as the world’s top propane shipper.
According to the article, propane is a by-product of natural-gas drilling and refining of crude oil

And get this, another reference to the Panama Canal expansion:
The dominant U.S. position could benefit further from the expansion of the Panama Canal, which in June completed a $5.4 billion upgrade. That project allows the large ships transporting propane to make faster and cheaper trips to big Asian markets like Japan, China and South Korea.
All this is a welcome development for U.S. oil-and-gas drillers stung by a rout in commodity prices that has led to dozens of bankruptcies. The fuel came up from shale in such overwhelming supply that producers sometimes had to pay customers to take it off their hands.
Now, investors are betting prices will continue to climb. Propane producers and shippers are among the top performing stocks this year.
But, of course, a downside:
Some analysts warn that pipeline owners and shippers may have already overbuilt and will have to lower the rates they charge to win business.
Tudor, Pickering, Holt & Co. called the expanding export infrastructure business “a little like youth basketball, lots of participation trophies but fewer winners.”
Already daily shipping rates have plummeted to as little as $20,000, down from the $120,000 or so it cost last summer, as dozens of new tankers hit the water.
And to think Hillary Clinton wants to ban fracking.

America's Largest Private Coal Producer Warns Of Massive Cuts -- July 2, 2016

The law requires a 60-day notice of large cuts. Murray Energy Corp has just provided that notice.
In a notice sent to workers this week, Murray said it could lay off as many as 4,400 employees, or about 80% of its workforce, because of weak coal markets. The company said it anticipates “massive workforce reductions in September.”
The company specifically cites President Obama's war on coal.  Just in time for the November election.

And, of course, folks need to remember that Hillary Clinton says she will do the same to the oil industry with her "war on fracking." And so it goes.

************************
Turkey Asks For US Help

From The Wall Street Journal:
Turkey has asked the U.S. to help track down a prominent Chechen combatant for Islamic State in the belief that he organized the deadly attack on Istanbul’s airport.
The operative, Akhmed Chatayev, is well-known to U.S. and Russian intelligence officials as the one-time leader of a Syrian-based unit of Russian-speaking fighters for the extremist group. Moscow has been seeking him for more than a decade for his role in a separatist insurrection in the Russian republic of Chechnya. Last year the U.S. Treasury put him on a terrorist watch list.
The U.S. official said early U.S. intelligence tracks with Turkish intelligence that Mr. Chatayev was behind the triple suicide bombing Tuesday that killed 44 people at Istanbul Atatürk Airport. Turkey has said all three bombers were from the former Soviet Union.
This would be the same country that consistently decries US spying operations.

*************************
The JV Team

Fathomless ignorance. From The Wall Street Journal:
When assailants armed with guns and explosives stormed an upscale cafe in the Bangladeshi capital Friday, shouting “Allahu akbar,” it marked a sharp escalation by extremist followers of Islamic State in South Asia, a region where the terror group had previously gained little traction.
Those pictures were the latest sign that South Asian militants are communicating with Islamic State fighters in the group’s strongholds in Syria and Iraq and that the organization’s calls for jihad have found at least some sympathizers in a part of the Muslim world where radicalization has been relatively uncommon.
Earlier this week, Indian authorities detained 11 men they said had been receiving instructions from an ISIS handler abroad. India’s National Investigation Agency said they were planning to attack Hindu religious sites with improvised explosive devices.
****************************
Getting Closer

The Wall Street Journal is reporting:
Egyptian officials on Saturday said repairs were successfully carried out on EgyptAir Flight 804’s cockpit voice recorder, bringing investigators closer to being able to determine what onboard problems pilots were battling before the plane crashed.
Data analyzed from the other black box, the flight data recorder, and wreckage from the Airbus Group SE jetliner that crashed May 19 suggest a fire had broken out on board.
Soot was found on wreckage of the front of the plane that had been recovered.
French air accident investigators repaired parts of the cockpit voice recorder and determined the crucial memory unit was intact, Egyptian authorities said. The repairs allowed the memory unit to be read, the Egyptian officials said, though a more thorough examination would take place only once the device is returned to Cairo.
************************** 
Get Over It

Headline over at The Los Angeles Times: thousands march in London to protest "Brexit" vote.

**********************
This Is Pretty Funny

Everyone now agrees that we're experiencing or will experience a "protracted solar minimum" which means a drop in energy reaching the earth.

But a German science institute says the effects of that "solar minimum" will only be regional and won't have any effect on "global warming."

I can't make this stuff up.

************************
Less Than 200 Days

Once the new work week begins, the president will have less than 200 days left in office.  And the US debt will be near/over the $20 trillion mark.

************************
Heads Should Roll

American Express lost its partnership with Costco. I have no dog in the fight. I don't care one bit with whom Costco partners, but now I will have a Citi Visa in my wallet rather than an AMEX card. And, no, I won't be applying for a new AMEX card. Whoever is responsible for this debacle at AMEX needs to be held accountable.

I was reminded of that when I received a note that USAA will be switching from Mastercard to Visa. Again, I don't have a dog in that fight. I don't care one bit with whom USAA partners. I obviously don't need two Visa cards in my wallet and one of the accounts will be discontinued. I won't say which one I will discontinue, but I will say that I will keep my Costco membership.

This appears to have been a very, very good year for Visa. Costco shoppers and USAA members are among the most-sought-after customers out there.

My favorite piece of plastic: Firestone.

****************************
Short Order Cook

In our new apartment we have an incredibly nice stove/oven. The stove top is one of those Corningware glass tops which look incredibly awesome. The only problem is that they are incredibly hard to clean. But I have the solution. I no longer use the stove top. I have a Hamilton Beach electric grill. It doesn’t get hot enough to bring a pot of water to a boil so yesterday I bought a Proctor Silex “Fifth Burner.” This is really, really incredible. So, now I don’t need the stove top at all: I have a grill and a 5th burner. I have had so much fun with the Hamilton Beach grill I will probably get a George Foreman grill. Pretty soon I can open a Waffle House — LOL. My granddaughters got me a Mickey Mouse waffle maker for my birthday.

High IP Wells

Note: as of November 25, 2018, I made the decision to quit updating this page. Initial production numbers in the Bakken have jumped so much these numbers are no longer relevant. It is now (2018) common to see 24-hour IPs of 5,000 bbls, and 30-day production exceeding 30,000 bbls.

I continue to update "record IPs" at this post

**************************************
No Longer Updated

This is page 11 of "High IP Wells."

New data will be started not earlier than July 5, 2016.

Permits 33243 -- : Permits issues in calendar year 2017
Permits 32425 --  33242: Permits issued in calendar year 2016
Permits 30370 -- 32424: Permits issued in calendar year 2015
Permits 27360 -- 30369: Permits issued in calendar year 2014
Permits 24693 -- 27359: Permits issued in calendar year 2013 
Permits 22160 -- 24692 : Permits issued in calendar year 2012
Permits 20247 -- 22159: Permits issued in calendar year 2011
Permits 18571 -- 20246 : Permits issued in calendar year 2010
Permits 17946 -- 18570: permits issued in calendar year 2009
Pretty much in the order they were reported
Definition of "high IP" is arbitrary and does not refer to only the 24-hour IP

Page 1

31338, 1,260, Oasis, Johnsrud 5198 14-18 15TX Three Forks, 36 stages; 4.1 million lbs, Siverston, t7/16; cum 93K 11/16;  

31335, 1,719, Oasis, Johnsrud 5198 14-18 14B, Siverston, 36 stages; 4 million lbs, t7/16; cum 126K 11/16;

29610, 3,651, Statoil, Cheryl 17-20 5H, Banks, t12/16; cum --

29692, 2,273, Whiting, P Bibler 155-99-16-31-30-1H3, Epping, Three Forks, 30 stages, 7 million lbs, t7/16; cum 108K 10/16;
29693, 2,471, Whiting, P Bibler 155-99-16-31-30-1H, Epping, 39 stages, 10 million lbs, t7/16; cum 131K 10/16;
31891, 1,506, Hess, BB-Siverston-LS-151-95-2019H-1, Blue Buttes, 53 stages, 3.7 million lbs, t12/16; cum --
29081, 1,830, WPX, Helena Ruth Grant 33-34HW, Reunion Bay, t12/16; cum --
29083, 1,709, WPX, Helena Ruth Grant 33-34HX, Reunion Bay, t11/16; cum --
29084, 1,900, WPX,  Helena Ruth Grant 33-34HY, Reunion Bay, t11/16; cum --
29085, 2,557, WPX,  Helena Ruth Grant 33-34HC, Reunion Bay, t11/16; cum --
30427, 1,778, Statoil, Ruth 28-33 4TFH, East Fork, t11/16; cum --
30431, 3,256, Statoil, Ruth 28-33 3H, t11/16; East Fork, t11/16; cum -- 
30653, 1,755, WPX,  Helena Ruth Grant 33-34HT, Reunion Bay t12/16; cum --
32289, 2,491, Statoil, Cheryl 17-20 1H-R, Banks, t11/16; cum --
31919, 1,413, Oasis, Johnsrud Federal 5198 11-18 3BX, North Tobacco Garden, 4 sections, 50 stages, 20 million lbs, t6/16; cum 126K 10/16;

31282, 1,346, Hess, EN-VP and R-154-94-2536H-7, Alkali Creek, t11/16; cum -- 

32340, 2,010, Whiting, Carscallen31-14-4H, Truax, 45 stages, 13.6 million lbs, t7/16; cum 140K 10/16;

29590, 929, EOG, Fertile 57-033H, Parshall, t12/16; cum --
30428, 1,653, Statoil, Jack 21-16 3TFH, East Fork, t11/16; cum --
30429, 1,770, Statoil, Ruth 28-33 2TFH, East Fork, t11/16; cum --
31106, 1,810, Whiting, Koala 44-5-2H, Poe, t11/16; cum --
31108, 2,291, Whiting, Koala 44-5-3H, Poe, t11/16; cum --
31409, 2,514, Whiting, Koala 44-5TFHU, Poe, t11/16; cum --
31283, 1,421, Hess, EN-VP and R-154-94-2536H-8, Alkali Creek, t11/16; cum --
32591, 1,567, Sinclair, Lizzie Rae 8-17-1H, Lone Butte, 37 stages, 4.4 million lbs, t9/16; cum 18K 10/16;
31071, 2,200, Enerplus, Bait 149-95-36C-25H, Eagle Nest, t10/16; cum 22K after first 16 days; 31072, 1,582, Enerplus, Tackle 149-95-36C-25H TF, Eagle Nest, t10/16; cum 19K after first 14 days;
32341, 998, Enerplus, Quillfish 149-95-36C-25H-TF-LLW, Eagle Nest, t10/16; cum 20K after first 20 days;

32339, 1,556, Whiting, Carscallen 31-14-3H, Truax, the Carscallen wells are followed here; 45 stages, 8.2 million lbs; t7/16; cum 41K 10/16; 
32417, 257, EOG, Austin 421-2821H,  Parshall, 44 stages; 17 million lbs, t6/16; cum 125K 10/16;
31327, 733, Oasis, Johnsrud 5198 12-18 4T2, Siverston, 36 stages 4 million lbs, t6/16; cum 100 10/16;
31328, 714, Oasis, Johnsrud 5198 12-18 5B, Siverston, 36 stages, 4 million lbs, t6/16; cum 126K 10/16;
32368, 1,764, Whiting, Carscallen 31-14-2H, Turax, 45 stages, 8.7 million lbs, t7/16; cum 140K 10/16;
32418, 681, EOG, Austin 422-2821H, Parshall, 42 stages, 16 million lbs, t6/16; cum 151K 10/16;
32419, 678, EOG, Austin 423-2821H, Parshall, 32 stages, 12 million lbs; t6/16; cum 115K 10/16; 

27431, 3,163, HRC, Fort Berthold 148-95-23C-14-3H, Eagle Nest, 34 stages, 4.5 million lbs, t6/16; cum 6K over 10 days;

27433, 3,039, HRC, Fort Berthold 148-95-23C-14-4H, Eagle Nest, 34 stages, 5.2 million lbs, t6/16; cum --,
27435, 3,397, HRC, Fort Berthold 148-95-23C-14-5H, Eagle Nest, 33 stages, 5 million lbs, t6/16; cum --

30564, 2,695, HRC, Fort Berthold 148-95-23C_14-10H, Eagle Nest,, 34 stages, 5.1 million lbs;  t5/16; cum 4K 0ver 5 days;
31247, 1,613, EOG, West Clark 103-0136H, Clarks Creek, 37 stages, 21.1 million lbs, s12/10/15; TD, 12/20/15; TVD, 10,552 feet; TD, 17,965 feet; again, only a 1.5 section lateral; 960-acre spacing; middle Bakken;  

27434, 2,738, HRC, Fort Berthold 148-95-23C-14-9H, Eagle Nest, Three Forks, 34 stages, 5.1 million lbs; t5/16; cum 5K over3 days;
31403, 1,447, EOG, West Clark 117-0136H, Clarks Creek, middle Bakken, 36 stages, 27.65 million lbs, t5/16; cum 132K 9/16; 

31248, 1,272, EOG, West Clark 104-0136H, Clarks Creek, middle Bakken, 36 stages, 21 million lbs, t5/16; cum 86K 9/16;

27432, 3,416, HRC, Fort Berthold 148-95-23C-14-8H, Eagle Nest, 34 stages; 5.1 million lbs, t5/16; cum 4K over four days;
29680, 4,135, Statoil, Richard 8-5 5H, Banks, t10/16; cum --; API 33-053-06370; this pad is permitted for 30 tanks; according to FracFocus, this well was fracked 5/29/16 - 6/21/16 with 9.5 million gallons of water; 87% water by mass; and 13% sand by mass; 

31735, 2,143, Newfield, Lost Bridge Federal 148-96-9-4-10H,  Lost Bridge, t9/16; cum 8K over 6 days, that's more than 1,000 bopd;
31357, 1,102, CLR, Nashville 2-21H, Catwalk, 40 stages, 8.7 million lbs, t6/16; cum 94K in less than four months;

27417, 2,558, HRC, Fort Berthold 148-95-25B-36-3H, Eagle Nest, 33 stages, 5 million lbs, t5/16; cum 3K after four days;

31123, 2,175, Oasis, Lefty 5200 12-30 9B, Camp, 36 stages; 4.1 million lbs, t4/16; cum 75K 8/16;
32604, 1,529, Hess, HA-Rolfsrud-152-96-1720H-8,Westberg, t9/16; no production data,

27416, 1,672, HRC, Fort Berthold 148-95-25B-36-4H, Eagle Nest, 33 stages, 5 million lbs, t4/16; cum 3K after 5 days;  

27415, 3,158, HRC, Fort Berthold 148-95-25B-36-5H, Eagle Nest, 33 stages; 5 million lbs, t4/16; cum 18K after 12 days; 

27414, 2,712, HRC, Fort Berthold 148-95-25B-36-6H, Eagle Nest, 56 stages, 6.7 million lbs/ t4/16; cum 22K after 15 days; distance between closest fracture initiation point and abandoned "5H" is 654 feet;

31119, 2,149, Oasis, Lefty 5200 12-30 7B, Camp, 50 stages, 4.2 million lbs, t4/16; cum 100K 8/16;

27412, 3,745, HRC, Fort Berthold 148-95-25B-36-7H, Eagle Nest, 56 stages; 6.7 million lbs, t4/16; cum 35K after 16 days;
31188, 3,752, HRC, Fort Berthold 148-95-25B-36-8H, Eagle Nest, 56 stages, 6.7 million lbs, t4/16; cum 38K 8/16; no production since the first 18 days; last produced 5/16;
 
31121, 1,374, Oasis, Hysted 5200 12-30 10B, Camp, 36 stages, 20 million lbs, t4/16; cum 67K 8/16;

32321, 1,026, Hess, EN-Freda-154-94-2635H-9, Alkali Creek, t9/16; cum 4K after 1 day of production;

32322, 1,638, Hess, EN-Freda-154-94-2635H-10, Alkali Creek, t9/6; cum --

30812, 1,462, Oasis, Andersmadson 5201 14-25 11B, Camp, t3/16; cum 127K 8/16;
27349, 2,328, BR, Stafford 14-34TFH, Blue Buttes, t5/16; cum 59K 8/16;
32581, 1,836, Newfield, Jorgenson Federal 148-96-10-15-13H, Lost Bridge, t6/16; cum 78K 8/16;

25201, 3,360, BR, Merton 21-15TFH 3NH, North Fork, t8/16; cum --

31131, 1,206, Oasis, Hysted 5200 11-30 9T, Camp, 36 stages, 3.5 million lbs, t3/16; cum 57K 7/16;
31132, 2,157, Oasis, Hysted 5200 11-30 8B, Camp, 36 stages, 3.2 million lbs, t3/16; cum 109K 7/16;

31134, 1,359, Oasis, Hysted 5200 11-30 6B, Camp, 36 stages, 4 million lbs, t3/16; cum 90K 7/16;
30810, 2,320, Oasis, Andersmadson 5201 14-25 13BX, Camp, 4 sections, 36 stages, 4.2 million lbs, t3/16; cum 103K 7/16;
29681, 2,078, Statoil, Richard 8-5 8TFH, Banks, t7/16; cum --
29682, 2,166, Statoil, Richard 8-5 3TFH, Banks, t7/16; cum --

32044, 1,506, Whiting, Gullikson 44-34H, Glass Bluff, 35 stages, 6.7 million lbs; t3/16; cum 68K 6/16; 

30422, 1,279, Hess, HA-Sanford-152-96-1819H-7, Westberg, t8/16; cum --

26362, 1,215, QEP, MHA 6-28-29H-148-92, Heart Butte, t7/16; cum -- 
26363, 1,260, QEP, MHA 6-28-29H-148-92, Heart Butte, t7/16; cum --

30421, 1,060, Hess, HA-Sanford-152-96-1819H-6, Westberg, t7/16; cum --
30426, 1,206, Hess, HA-Sanford-LW-152-96-1819H-1, Westberg, t8/16; cum --
31691, 1,052, QEP Ernie 7-2-11BHD, Grail, t3/16; cum 40K 6/16;
31692, 1,756, QEP, Ernie 6-2-11TDH, Grail, t3/16; cum 21K 6/16;
31693, 324, QEP, Ernie 3-2-11T2HD, Grail, t3/16; cum 35K 6/16; only 8 days in 5/16;
31694, 204, QEP, Ernie 8-2-11BHD, Grail, t3/16; cum 33K 6/16; only 16 days in 6/16;
31695, 1,067, QEP, Ernie 4-2-11T2HD, Grail, t3/16; cum 5K after 1.6 months;
31696, see below, QEP, Ernie 3-10-2-11BHD, Grail, t4/16; cum 37K 6/16; only 16 days in 6/16;

29684, 2,052, Statoil, Chryl 17-20 XW 1TFH, Banks, t7/16; cum -- 
29685, 2,068, Statoil, Richard 8-5 XW 1TFH, Banks, 41 stages, 6 million lbs, t7/16, cum -- 

27344, 3,051, BR, Stafford 13-34MBH, Blue Buttes, 28 stages, 4.4 million lbs, t5/16; cum 6K over 16 days; 

30838, 1,974, Whiting, P Earl Rennerfeldt 154-99-2-3-27-2H3, Epping, Three Forks B1, 42 stages, 6.6 million lbs, spud 11/22/15; TD, 12/5/15; total Three Forks pay zone thickness is estimated at 23 feet;target 8' window; gas units relatively low; t2/16; cum 85K 5/16;
30839, 2,135, Whiting, P Earl Rennerfeldt 154-99-2-3-27-2H, Epping, middle Bakken, 42 stages, 6.9 million lbs, spud 11/5/15; TD 11/19/15; total middle Bakken pay zone thickness is estimated at 40 feet; target window, 8 feet; t2/16; cum 119K 5/16;

30842, 2,592, Whiting, P Earl Rennerfeldt 154-99-2-3-10-15H3, Stockyard Creek, Three Forks B1, 40 stages, 8.7 million lbs; spud 10/17/15; TD 10/31/15, t1/16; cum 108K 5/16;

30785, 1,570, HRC, Fort Berthold 152-93-19D-18-9H, Four Bears, t1/16; cum 96K after 42 days; only 13 days the second month of production; (Halcon's Fort Berthold wells in Four Bears oil field are tracked here)

31060, 3,473, MRO, Heather USA 13-35TFH, Antelope, Sanish pool, t5/16; cum 18K after 7 days; 

30783, 1,087, HRC, Fort Berthold 152-93-19D-18-12H, Four Bears, Three Forks, 56 stages, 4.8 million lbs; t1/16; cum 62K 5/16; this was a Three Forks well

31057, 3,490, MRO, Chamaine USA 14-35TFH, Antelope, Sanish, t6/16; cum --
31058, 3,661, MRO, Clarks Creek USA 14-35H, Antelope, Sanish, t5/16; cum 52K in the first 20 days; frack data not yet at the file report; spud 11/9/15; landed curve 1/16/16; TD 1/22/16; 75% in drilling target window; 100% in middle Bakken
31061, 2,942, MRO, Juanita USA 13-35H, Antelope, Sanish, t7/16; cum --

30784, 2,140, HRC, Fort Berthold 152-93-19D-18-8H, Four Bears, 57 stages, 4.9 million lbs, t1/16; cum 83K 5/16; only 50% of each month on-line for past three months;

26906, 1,492, HRC, Fort Berthold 152-93-19D-18-7H, Four Bears, Three Forks, 33 stages, 4.9 million lbs, t1/16; cum 76K 5/16; only 13 days in 5/16;

30707, 595, QEP, State 7-25-24BH, Spotted Horn, 4 sections, middle Bakken, 50 stages, 10 million lbs, t3/16; cum 24K 5/16;
30708, 375, QEP, State 4-25-24TH, Spotted Horn, 4 sections, Three Forks, 50 stages, 9.9 million lbs, t3/16; cum 10K after 1.5 months;
30906, 1,110, QEP, State 4-36-1T2H, Spotted Horn, 4 sections, Three Forks second bench, 49 stages, 8.8 million lbs, t3/16; cum 22K after 1.5 months;
30907, 648, QEP, State 8-36-1BH, Spotted Horn, 4 sections, middle Bakken, 49 stages, 9.2 million lbs, t3/16; cum 22K after 1.5 months;
30908, 564, QEP, State 4-36-1TH, Spotted Horn, 4 sections, Three Forks, 49 stages, 9.2 million lbs, t3/16; cum 10K after 1.5 months;
30909, 1,036, QEP, State 7-36-1BH, Spotted Horn, 4 sections, middle Bakken, 48 stages, 9.6 million lbs, t3/16; cum 38K 5/16; 

26907, 1,716, HRC, Fort Berthold 152-93-19D-18-6H, Four Bears, 33 stages, 4.9 million lbs, t1/16; cum 76K 5/16; only 13 days in 5/16;

New Wells -- 3Q16

New data will begin on July 5, 2016.

Data for 2Q16: 2Q16
Data for 1Q16: 1Q16
Data for 4Q15: 4Q15
Data for 3Q15: 3Q15
Data for 2Q15: 2Q15
Data for 1Q15: 1Q15
Data for 4Q14: 4Q14
Data for 3Q14: 3Q14
Data for 2Q14: 2Q14
Data for 1Q14: 1Q14
Data for 4Q13: 4Q13
Data for 3Q13: 3Q13
Data for 2Q13: 2Q13
Data for 1Q13: 1Q13
Data for 4Q12: 4Q12
Data for 3Q12: 3Q12
Data for 2Q12: 2Q12
  Data for 1Q12: 1Q12   
Data for 4Q11: 4Q11 
Data for 3Q11: 3Q11 
Data for 2Q11: 2Q11 
 Data for 1Q11: 1Q11  
 Data for 2H10: 2H10 
Through 1H10: 1H10


Friday, September 30, 2016: 24 for the month; 99 for the quarter
32472, 529, XTO, FBIR Blackmedicine 24X-21D, Heart Butte, t9/17; cum --

Thursday, September 29, 2016: 23 for the month; 98 for the quarter
32282, 872, XTO, FBIR Blackmedicine 24X-21CXD, Heart Butte, t10/17; cum 19K over 15 days;

Wednesday, September 28, 2016: 22 for the month; 97 for the quarter
31359, SI/NC-->TATD, Statoil, Samson 29-32 1H-R, Banks, no production data,
32281, 560, XTO, FBIR Blackmedicine 24X-21H, Heart Butte, t10/17; cum --

Tuesday, September 27, 2016: 20 for the month; 95 for the quarter
31360, SI/NC-->TATD, Statoil, Samson 29-32 8TFH, Banks, no production data,

Monday, September 26, 2016: 19 for the month; 94 for the quarter
32280, 702, XTO, FBIR Blackmedicine 24X-21C, Heart Butte, t10/17; cum 4K over 4 days;

Sunday, September 25, 2016: 18 for the month; 93 for the quarter
31361, SI/NC-->TATD, Statoil, Topaz 20-17 8TFH, Banks, no production data,
32171, 1,529, Petro-Hunt, Dolezal 146-97-31D-30-2H, Little Knife, t7/17; cum 37K 9/17;

Saturday, September 24, 2016: 16 for the month; 91 for the quarter
None.

Tuesday, September 20, 2016: 16 for the month; 91 for the quarter
32433, 256, SM Energy, Bronkar 206HN, Moraine, t8/16; cum --

Monday, September 19, 2016: 15 for the month; 90 for the quarter

Sunday, September 18, 2016: 15 for the month; 90 for the quarter
None.

Saturday, September 17, 2016: 15 for the month; 90 for the quarter
31131, 1,206, Oasis, Hysted 5200 11-30 9T, Camp, 36 stages, 3.5 million lbs, t3/16; cum 57K 7/16;
31132, 2,157, Oasis, Hysted 5200 11-30 8B, Camp, 36 stages, 3.2 million lbs, t3/16; cum 109K 7/16;
32432, 271, SM Energy, Bronkar 2B-6HS, Skabo, t8/16; cum 18K 10/16;

Friday, September 16, 2016: 12 for the month; 87 for the quarter
None. 

Thursday, September 15, 2016: 12 for the month; 87 for the quarter
31133, 1,547, Oasis, Hysted 5200 11-30 7T, Camp, 36 stages, 4 million lbs, t3/16; cum 77K 7/16;  

Wednesday, September 14, 2016: : 11 for the month; 86 for the quarter
30881, 629, Oasis, Hysted 5201 14-25 STX, Camp, t3/16; cum 56K 7/16;
Monday, September 12, 2016: 10 for the month; 85 for the quarter
30829, 1,221, XTO, TAT State Federal 14X-36A, Bear Creek, t7/17; cum 40K 9/17;
31134, 1,359, Oasis, Hysted 5200 11-30 6B, Camp, 36 stages, 4 million lbs, t3/16; cum 90K 7/16; 

Sunday, September 11, 2016: 8 for the month; 83 for the quarter
30830, 485, XTO, TAT State Federal 14X-36E,  Bear Creek; t7/17; cum 23K 9/17;
32487, 448, SM Energy, Stevens 2B-18HN, Burg, t8/16; cum 18K 10/16;

Saturday, September 10, 2016: 6 for the month; 81 for the quarter
30810, 2,320, Oasis, Andersmadson 5201 14-25 13BX, Camp, 4 sections, 36 stages, 4.2 million lbs, t3/16; cum 103K 7/16; 

Friday, September 9, 2016: 5 for the month; 80 for the quarter
30811, 1,119, Oasis, Andersmadson 5201 14-25 12T, Camp, producing, the Andersmadson wells are tracked here; 36 stages; 4.1 million lbs; t3/16; cum 78K 7/16;
30831, 963, XTO, TAT State Federal 14X-36B, Bear Creek, t7/17; cum 54K 9/17;

Thursday, September 8, 2016: 3 for the month; 78 for the quarter

Wednesday, September 7, 2016: 3 for the month; 78 for the quarter

Tuesday, September 6, 2016: 3 for the month; 78 for the quarter
30812, 1,462, Oasis, Andersmadson 5201 14-25 11B, Camp, t3/16; cum 119K 7/16;

Monday, September, 5, 2016: 2 for the month; 77 for the quarter

Sunday, September 4, 2016: 2 for the month; 77 for the quarter
27349, 2,328, BR, Stafford 14-34TFH, Blue Buttes, t5/16; cum 34K 7/16

Saturday, September 3, 2016: 1 for the month; 76 for the quarter
32581, 1,836, Newfield, Jorgenson Federal 148-96-10-15-13H, Lost Bridge, t6/16; cum 54K 7/16;

Friday, September 2, 2016: 0 for the month; 75 for the quarter

Thursday, September 1, 2016: 0 for the month; 75 for the quarter

Wednesday, August 31, 2016: 26 for the month, 75 for the quarter
None. 

Tuesday, August 30, : 26 for the month, 75 for the quarter
None. 

Monday, August 29, 2016: 26 for the month, 75 for the quarter
None.  

Sunday, August 28, 2016 : 26 for the month, 75 for the quarter
None.

Saturday, August 27, 2016: : 26 for the month, 75 for the quarter
None.

Friday, August 26, 2016: 26 for the month, 75 for the quarter
32151, 186, XTO, Johnson 31X-6HXE, Siverston, t11/16; cum 6K 1/17; 60 stages; 17 million lbs; stimulated 9/7/16;31363

Thursday, August 25, 2016: 25 for the month, 74 for the quarter
31362, SI/NC-->TATD, Statoil, Samson 29-32 6H, Banks, no production data,
31597, 122, XTO, Johnson 31X-6D, Siverston, 40 stages; 7.7 million lbs, t11/16; cum --

Wednesday, August 24, 2016: 23 for the month, 72 for the quarter
None.

Tuesday, August 23, 2016: 23 for the month, 72 for the quarter
31363, SI/NC-->TATD, Statoil, Topaz 20-17 6H, Banks, no production data,
31609, 156, XTO, Johnson 31X-6G, Siverston, 40 stages; 7.3 million lbs, t11/16; cum --

Monday, August 22, 2016: 21 for the month, 70 for the quarter
31364, SI/NC-->TATD, Statoil, Samson 29-32 5TFH, Banks, no production data,
32044, 1,506, Whiting, Gullikson 44-34H, Glass Bluff, 35 stages, 6.7 million lbs; t3/16; cum 68K 6/16; 

Sunday, August 21, 2016: 19 for the month, 68 for the quarter
31596, 287, XTO, Johnson 31X-6CXD, Siverston, t11/16; cum --; stimulated 8/13/16; 60 stages, 17.76 million lbs;

Saturday, August 20, 2016: 18 for the month, 67 for the quarter
31365, SI/NC-->TATD, Statoil, Topaz 20-17 5TFH, Banks, no production data,
32377, 36, Prairie Hills Oil and Gas, LLC, McCarroll 1H, Grover, a Madison well, Target Horizon: Sherwood;  320-acre spacing; W2 of section 16-162-66; t3/16; cum 2K 6/16;  drilling plan: true vertical depth, 5,021 feet; TD = 9,446 feet;
Friday, August 19, 2016: 16 for the month, 65 for the quarter
None.

Thursday, August 18, 2016: 16 for the month, 65 for the quarter
20087, 378, Enerplus, Hudson 13-21H, Mandaree, t3/17; cum 159K 9/17;

Tuesday, August 16, 2016: 15 for the month, 64 for the quarter
32172, 851, Petro-Hunt, Dolezal 146-97-31D-30-3H, Little Knife, nt8/17; cum 32K 9/17;

Thursday, August 11, 2016: 14 for the month, 63 for the quarter
32303, 2,300, XTO, Lund 41X-17G, Siverston, t1/18;cum 23K 1/18;

Wednesday, August 10, 2016: 13 for the month, 62 for the quarter
31691, 1,052, QEP Ernie 7-2-11BHD, Grail, t3/16; cum 40K 6/16;
31692, 1,756, QEP, Ernie 6-2-11TDH, Grail, t3/16; cum 21K 6/16;
31693, 324, QEP, Ernie 3-2-11T2HD, Grail, t3/16; cum 35K 6/16; only 8 days in 5/16;
31694, 204, QEP, Ernie 8-2-11BHD, Grail, t3/16; cum 33K 6/16; only 16 days in 6/16;
31695, 1,067, QEP, Ernie 4-2-11T2HD, Grail, t3/16; cum 5K after 1.6 months;
31696, 1,042, QEP, Ernie 3-10-2-11BHD, Grail, t4/16; cum 96K 10/16;
32304, 2,491, XTO, Lund 41X-17C, Siverston, t1/18; cum 13K 1/18;

Tuesday, August 9, 2016: 6 for the month, 55 for the quarter
32305, SI/NC, XTO, Lund 41X-17H2, Siverston, no production data,

Monday, August 8, 2016: 5 for the month, 54 for the quarter
32306, 2,488, XTO, Lund 41X-17D, Siverston, t1/18; cum 15K 1/18;

NOTE: numbers for quarter need to be corrected above

Sunday, August 7, 2016: 4 for the month, 60 for the quarter
None.

Saturday, August 6, 2016: 4 for the month, 60 for the quarter
32307, 2,653, XTO, Lund 41X-17HXE, Siverston, t1/18; cum 27K 1/18;
 
Monday, August 1, 2016: 3 for the month, 59 for the quarter
32072, 832, Liberty Resources, Holte 161-94-30-31-5MBH, Stoneview, 35 stages, 4.7 million lbs; t2/16; cum 66K 5/16;
32073, 447, Liberty Resources, Holte 161-94-19-18-5TFH, Stoneview, 35 stages, 4.7 million lbs; t2/16; cum 42K 5/16;
32291, 1,146, XTO, FBIR Blackmedicine 24X-21F, Heart Butte, t8/17; cum 22K 9/17;

Sunday, July 31, 2016: 56 for the month, 56 for the quarter
32290, 419, XTO, FBIR Blackmedicine 24X-21A, Heart Butte, t9/17; cum 12K over 24 days;

Saturday, July 30, 2016: 55 for the month, 55 for the quarter
32015, TASC-->SI/NC, MRO, Hal USA 34-34H, Reunion Bay, no production data

Friday, July 29, 2016: 54 for the month, 54 for the quarter
29858, dry, Newfield, Jorgenson Federal 148-96-10-15-2H, Lost Bridge,
32014, TASC-->SI/NC, MRO, Jackie USA 34-34TFH, Reunion Bay, no production data,
32283, 222, XTO, FBIR Blackmedicine 24X-21E, Heart Butte, t9/17; cum 4: after 22 days;
32302, 1,341, XTO, FBIR Blackmedicine 24X-21AXD, Siverston, t8/17; cum 19K 9/17;

Thursday, July 28, 2016: 50 for the month, 50 for the quarter
29857, 895,  Newfield, Jorgenson Federal 148-96-10-15-2HR, Lost Bridge, nt6/16; cum --
32013, TASC-->SI/NC, MRO, Tony USA 24-34H, Reunion Bay, no production data,

Wednesday, July 27, 2016: 48 for the month, 48 for the quarter
32012, TASC-->SI/NC, MRO, Ranger USA 24-34TFH, Reunion Bay, no production data,

Tuesday, July 26, 2016: 47 for the month, 47 for the quarter
32011, TASC--> SI/NC, MRO, McMahon USA 14-34H, Reunion Bay, no production data,
32092, 1,503, Newfield, Jorgenson Federal 148-96-10-15-12H, Lost Bridge, Three Forks B1, 32 swell packers proposed, t6/14; cum -- 

Monday, July 25, 2016: 45 for the month, 45 for the quarter
29856, 1,000, Newfield, Jorgenson Federal 148-96-10-15-3H, Lost Bridge, t6/16; cum 105K 10/16;
30617, 503, Liberty Resources, Leon 158-95-17-8-1TFH, McGregor, 35 stages, 4.7 million lbs, t2/16; cum 41K 5/16;
30618, 622, Liberty Resources, Leon 158-95-17-8-1MBH, McGregor, t2/16 cum 44K 5/16;
30619, 428, Liberty Resources, Leon 158-95-17-8-2MBH, McGregor, t3/16; cum 25K 5/16;
30620, 272, Liberty Resources, Leon 158-95-17-8-3TFH, McGregor, t3/16; cum 32K 5/16;

Sunday, July 24, 2016: 40 for the month, 40 for the quarter
32010, TASC-->drl--> SI/NC, MRO, Colvin USA 14-34TFH, Reunion Bay, no production data,

Saturday, July 23, 2016: 39 for the month, 39 for the quarter
27345, 2,262, BR, Stafford 13-34TFH, Blue Buttes, t6/16; cum 98K 10/16;
30921, 1,629, WPX, North Segment 6-5-4 HY, Van Hook, 61 stages, 9.1 million lbs; t12/16; cum 46K after 58 days;

Friday, July 22, 2016: 37 for the month, 37 for the quarter
27344, 3,051, BR, Stafford 13-34MBH, Blue Buttes, 28 stages, 4.4 million lbs, t5/16; cum 6K over 16 days;
30920, 1,202, WPX, North Segment 6-5-4 HB, Van Hook, 61 stages, 9.3 million lbs; t12/16; cum 28K 1/17;

Thursday, July 21, 2016: 35 for the month, 35 for the quarter
30838, 1,974, Whiting, P Earl Rennerfeldt 154-99-2-3-27-2H3, Epping, Three Forks B1, 42 stages, 6.6 million lbs, spud 11/22/15; TD, 12/5/15; total Three Forks pay zone thickness is estimated at 23 feet;target 8' window; gas units relatively low; t2/16; cum 137K 10/16;
30839, 2,135, Whiting, P Earl Rennerfeldt 154-99-2-3-27-2H, Epping, middle Bakken, 42 stages, 6.9 million lbs, spud 11/5/15; TD 11/19/15; total middle Bakken pay zone thickness is estimated at 40 feet; target window, 8 feet; t2/16; cum 170K 10/16;

Wednesday, July 20, 2016: 33 for the month, 33 for the quarter
30842, 2,592, Whiting, P Earl Rennerfeldt 154-99-2-3-10-15H3, Stockyard Creek, Three Forks B1, 40 stages, 8.7 million lbs; spud 10/17/15; TD 10/31/15, t1/16; cum 108K 5/16;

Monday, July 18, 2016: 32 for the month, 32 for the quarter
30919, 1,453, WPX, North Segment 6-5-4 HW, Van Hook, t1/17; cum 34K 2/17;

Sunday, July 17, 2016: 31 for the month, 31 for the quarter
26901, 1,248, Petro-Hunt, Marinenko 145-97-30B-31-3H, Little Knife, t6/16; cum 47K 10/16;
30785, 1,570, HRC, Fort Berthold 152-93-19D-18-9H, Four Bears, t1/16; cum 96K after 42 days; only 13 days the second month of production; (Halcon's Fort Berthold wells in Four Bears oil field are tracked here)

Saturday, July 16, 2016: 29 for the month, 29 for the quarter
None.

Friday, July 15, 2016: 29 for the month, 29 for the quarter
None.

Thursday, July 14, 2016: 29 for the month, 29 for the quarter
30783, 1,087, HRC, Fort Berthold 152-93-19D-18-12H, Four Bears, Three Forks, 56 stages, 4.8 million lbs; t1/16; cum 62K 5/16; 

Wednesday, July 13, 2016: 28 for the month, 28 for the quarter
30918, 1,520, WPX, North Segment 6-5-4HA, Van Hook, 61 stages, 9.3 million lbs, t1/17; cum 41K after 47 days;
32376, 403, SM Energy, M Haugen 14B-24HN, Smoky Butte, t7/16; cum 33K 10/16;

Tuesday, July 12, 2016: 26 for the month, 26 for the quarter
30784, 2,140, HRC, Fort Berthold 152-93-19D-18-8H, Four Bears, 57 stages, 4.9 million lbs, t1/16; cum 83K 5/16; only 50% of each month on-line for past three months;

Monday, July 11, 2016: 25 for the month, 25 for the quarter
32336, 326, SM Energy, Nystuen 14B-35HS, Skabo, t7/16; cum 22K 10/16;

Sunday, July 10, 2016: 24 for the month, 24cfor the quarter
26906, 1,492, HRC, Fort Berthold 152-93-19D-18-7H, Four Bears, Three Forks, 33 stages, 4.9 million lbs, t1/16; cum 76K 5/16; only 13 days in 5/16;

Saturday, July 9, 2016: 23 for the month, 23 for the quarter
31979, 2,830, Statoil, Lougheed 2-11 5H, Todd, t6/17; cum 29K 9/17;
32335, 370, SM Energy, Nystuen 14-35HN, Moraine, t8/16; cum 56K 9/17;

Friday, July 8, 2016: 21 for the month, 21 for the quarter 
30707, 595, QEP, State 7-25-24BH, Spotted Horn, 4 sections, middle Bakken, 50 stages, 10 million lbs, t3/16; cum 24K 5/16;
30708, 375, QEP, State 4-25-24TH, Spotted Horn, 4 sections, Three Forks, 50 stages, 9.9 million lbs, t3/16; cum 10K after 1.5 months;
30906, 1,110, QEP, State 4-36-1T2H, Spotted Horn, 4 sections, Three Forks second bench, 49 stages, 8.8 million lbs, t3/16; cum 22K after 1.5 months;
30907, 648, QEP, State 8-36-1BH, Spotted Horn, 4 sections, middle Bakken, 49 stages, 9.2 million lbs, t3/16; cum 22K after 1.5 months;
30908, 564, QEP, State 4-36-1TH, Spotted Horn, 4 sections, Three Forks, 49 stages, 9.2 million lbs, t3/16; cum 10K after 1.5 months;
30909, 1,036, QEP, State 7-36-1BH, Spotted Horn, 4 sections, middle Bakken, 48 stages, 9.6 million lbs, t3/16; cum 38K 5/16;
31978, 2,008, Statoil, Lougheed 2-11 5H, Todd, t7/17; cum 28K 9/17;

Thursday, July 7, 2016: 14 for the month, 14 for the quarter
26907, 1,716, HRC, Fort Berthold 152-93-19D-18-6H, Four Bears, 33 stages, 4.9 million lbs, t1/16; cum 76K 5/16; only 13 days in 5/16;
31977, 2,279, Statoil, Lougheed 2-11 3H, Todd, t7/17; cum 44K 9/17;

Wednesday, July 6, 2016: 12 for the month, 12 for the quarter
31974, 2,578, Statoil, Lougheed 2-11 7H, Todd, t7/17; cum 50K 9/17;

Tuesday, July 5, 2016 (3-day weekend): 11 for the month, 11 for the quarter
29706, PNC, MRO, Litvin 21-17H, Murphy Creek,
29707, PNC, MRO, Cross 24-8H, Murphy Creek,
30832, 245, XTO, TAT State Federal 14X-36C, Bear Creek, t7/17; cum 45K 9/17;
31972, 3,072, Statoil, Lougheed 2-11 XW 1H, Todd, t7/17; cum 31K 9/17;
31973, 1,613, Statoil, Lougheed 2-11 8THF, Todd, t7/17; cum 27K 9/17;
32005, 1,680, BR, CCU Bison Point 14-34 TFH, Corral Creek, t2/17; cum 5K over 15 days;

Friday, July 1, 2016: 5 for the month; 5 for the quarter
30280, 3,327, BR, Merton 21-15TFH, North Fork, 26 stages, 12 million lbs; t9/16; cum 73K 1/17;
30833, 630, XTO, TAT State Federal 14X-36G, Bear Creek, t6/17; cum 34K 10/17;
30834, 326, XTO, TAT State Federal 14X-36D,  Bear Creek, 10 stages, 2 million lbs, t12/16; cum 3K 1/17;
31925, 1,332, Liberty Resources, Haustveit 155-95-12-13-2MBH, Capa, t1/16; cum 82K 5/16;
32004, 1,272, BR, CCU Zephyr 44-34 MBH, Corral Creek, t2/17; cum --

The Gay 20s -- The Examples Continue -- July 2, 2016

Earlier I posted a note about the "Gay 20s." In that note I mentioned the widening gap between the haves and the have-nots.

If one wants to see an incredible example of what I'm talking about, one needs to look no further than the NBA. In Friday's Wall Street Journal is an update on the enormous windfall that came from the television deal the NBA struck in 2014. The result is "the single biggest injection of cash in the history of professional sports."
In 2014-15, the NBA’s salary cap was $63 million. Last season, it was $70 million. Next season, it will be at least $94 million. The season after, it’s projected to reach $107 million.
What that means for NBA players is that they’re about to become richer than ever. Take a player like Miami Heat center Hassan Whiteside as an example. It was three seasons ago that Whiteside was playing in China and two seasons ago that he was in the D-League. Now, Whiteside is expected to sign a contract that will pay him more over the next four years than Michael Jordan earned in his entire career
The Los Angeles Times reports that the Los Angeles Lakers will sign Luol Deng for a four-year $72 million deal. No link; store easily found.

From chicago sbnation:
If you're sharp enough to find your way to SB Nation Chicago, I don't think it needs to be pointed out that Michael Jordan is quite wealthy. MJ was earning around $30 million per season during his last few years with the Chicago Bulls, and I'm pretty sure he's still cashin' "bacon neck" checks.
The man has done alright for himself. That's why it's so jarring to see "His Airness" place at No. 87 on a recent list of career NBA salary earnings. Jordan is behind such luminaries as Derrick Coleman, Damon Stoudamire and Brian Grant. MJ also checks in 61 spots behind our mutual best friend Carlos Boozer. Carlos Boozer!
Eighty-seven. It goes to show the exponential jump in salaries over the last 15 or so years. Nearly everyone on this list had a career that stretched into the last decade; all but three of the top 20 earners all-time remain active. It's also staggering to see Scottie Pippen ranked ahead of Jordan, as Pippen's off-the-court tenure in Chicago was characterized by a long-standing contract dispute.
By the way:
  • #20 on the list, Allen Iverson, $154 million, broke.
  • #52, Scottie Pippen, $109 million, broke.
  • #54, Antoine Walker, $108 million broke.
I guess that's why "His Airness" is making commercials. NBA salaries are not enough for some players.

Back to the NBA list:
#1: Kevin Garnett
#2: Shaq
#3: Kobe
#4: Tim Duncan (big whoop) -- no state income tax
#5: Dirk -- no state income tax
#6: Joe Johnson
#7: Jason Kidd
#8: Ray Allen
#9: Chris Webber
#10: Paul Pierce
#45: David Robinson
Names I don't see on the top 100:
  • Kareem
  • Tony Parker
******************************************
Recipes: Crab With Salt-And-Vinegar Cucumbers

As soon as I saw the photograph with this recipe in today's WSJ, I immediately thought of my mother-in-law's favorite salad: octopus and cucumber "salad." It still remains one of my favorite, but unfortunately, it seems, only my mother-in-law knew how to make it just right.

It is a most refreshing cool salad on a hot day. I never had it with Scotch -- I don't recall ever drinking Scotch until late in life, at least until after I was 50 years old -- but I imagine this salad would go very, very well with Scotch over two or three ice cubes.

The octopus and cucumbers were sliced into "coins" as thin as possible, and then with equal amounts octopus and cucumber placed in a shallow bowl and covered with clear, cool vinegar. I assume the vinegar had a bit of sugar in it.

Maybe it's time to try making this salad again.

A note: the chef suggests that "salting, massaging, and draining the cucumbers before dousing them in the sweet (sugar) - tart (vinegar) dressing concentrates their flavor and draws out some sweetness that plays well with the crab." Or octopus, I suppose.

A Filloon Bakken Update: Rigs Are Moving To The STACK/SCOOP -- July 2, 2016

The SeekingAlpha post was dated July 2, 2016. It will be archived. To say the least, it's incredible how much information Mike Filloon provides.

His analysis today includes some nice breakeven prices.

Summary:
  • STACK well results have been excellent, and rival results have been seen in the Permian.
  • Since it's a newer play, chances are that well costs will reduce to a greater degree than in more mature plays like the Permian, Eagle Ford and Bakken.
  • Operators like CLR, NFX, XEC, and DVN all have the STACK as top plays in its portfolio, and will continue to benefit from excellent well economics.
From the post:
Although many thought the Big 3 were the best plays in the US may have recently found they were incorrect.
Keep in mind, this play has been worked for a very long time, but no one realized just how good it was.
The SCOOP/STACK play in Oklahoma may be one of those plays initially deemed a little better than average, when in reality it is a top play.
The reason I say this, is after this period of time most geologists would have figured out where the best plays may be. It is difficult to know which intervals will outperform, but a play of this magnitude is difficult to miss. There are reasons, as the US has a massive collection of rock capable of producing oil and natural gas. Many times these areas contain several intervals. We also have seen a big move towards combo plays. By this I mean intervals that produce decent volumes of oil and natural gas. When oil prices were very high when compared to natural gas, there was less value in non-liquids.
It is also important to note what natural gas does when it produces in concert with liquids. Wells with higher percentages of gas also have higher well pressures. The same is true for deeper formations. As a general rule, the deeper the shale the higher the well pressures. Greater pressures mean resource is more actively pushed up and out of the well bore. Since more resource is returned in a shorter period of time, payback times are shorter.
Newer well designs like MegaFracs and Slickwater work better in higher well pressure environments. The combination of lower oil prices and better well design have caused a shift to these types of plays.

Hess Has Fracked Their CA-Russell Smith Wells In Capa Oil Field, Cherry Creek Oil Field -- July 2, 2016

IPs are updated at "New Wells Reported, 2Q16."

In addition to Hess fracking in the Capa oil field and the Cherry Creek oil field, EOG is also fracking in their Parshall oil field.

Others fracking:
  • SM Energy, Musta oil field
  • Enerplus, McGregory Buttes oil field, Moccasin Creek oil field
There may be others fracking. I did not check the entire list. Checking a few wells, I did not see MRO or WPX fracking. It appears the recent pick-up in  fracking began in May, 2016.

Back on April 11, 2016, there was a nice overview of existing DUCs and their status.

See, also, this short note suggesting that some operators are starting to frack again. 

US Debt Jumps Almost $100 Billion In One Day -- The Drudge Report -- July 2, 2016

If one wants to "hide" some really unpleasant news, releasing it on the 4th of July weekend can hardly be better timing:

US Debt Jumps Almost $100 Billion In One Day

From The Washington Examiner:
Total government debt hit a record $19.38 trillion on Thursday, up nearly $98 billion from the day before. It's the first time it has ever exceeded $19.3 trillion.
The debt will soar higher still in the coming months, and is expected to approach $20 trillion by the time President Obama leaves office.
If Paul Krugman and Elizabeth Warren are not concerned, I am not concerned. Unlike Great Britain, Fitch still has a AAA rating for US credit. Great Britain: AA. There only a handful of countries with a Fitch rating higher than the US (97), including Germany (100).

And for the record, the FBI is finally -- after two years (?) interviewing Hillary Clinton over the 4th of July. My hunch is that the Clinton team determined the specific date and time for the "interview."

***********************
Mideast On The Brink?

Bahrain gets a call from VP Joe Biden

Random Update On The Amber Renee -- July 2, 2016

I apologize. I finally took the time to explain this well.

First the production profile back in 2013 (from 2/14 until now, there has been no production), as a reminder, the 4th column is "bbls crude oil produced:

BAKKEN2-20140000000
BAKKEN1-20140000000
BAKKEN12-20133030727254494030
BAKKEN11-2013306697670257987498740
BAKKEN10-201331699469995214292142920
BAKKEN9-201330679968095210402104020
BAKKEN8-20133175127555551128610919367
BAKKEN7-201331797180016711733117330
BAKKEN6-201330814883336211581115810
BAKKEN5-201331829981966812270122700
BAKKEN4-2013309058917310512578125780
BAKKEN3-201331889388967311149111490
BAKKEN2-20132868967531679719963881
BAKKEN1-201331983993917715673156730
BAKKEN12-201231111011106918016191161910

And the first two years of production:

BAKKEN8-20112819782196222015538155380
BAKKEN7-201131262122634035937393730
BAKKEN6-201130292772926219419979199790
BAKKEN5-20113029375301606018867188670
BAKKEN4-201130356793496612218922189220
BAKKEN3-201127285252854356612736127360
BAKKEN2-201126135021348920591259120
BAKKEN1-201130193301906031937893780
BAKKEN12-20103123945240166912750127500
BAKKEN11-201030294543006116714759147590
BAKKEN10-20103135159348091617872178720
BAKKEN9-20102935448351403011503115030
BAKKEN8-20103129376299794611806118060
BAKKEN7-20103138180378159318822188220
BAKKEN6-201030387493881359518096180960
BAKKEN5-20102715747155750576057600
BAKKEN4-20103032794329712113730137300
BAKKEN3-20102834169338230967696760
BAKKEN2-20102871126404229399390

I never knew why this well -- an incredible well -- was taken off-line back in early 2014. And it just rested there -- nothing happening -- no explanation .... but now two sundry forms explain what happened and is happening.

This is the well (I've blogged about it numerous times; easy to find; just search the file number at the blog):
  • 18408, TA/1,945, Murex, Amber Renee 25-36H,  Sanish, t2/10; cum 821K 12/13;
After being off-line for about two years, it was finally placed on "TA" status, March 8, 2016. Why would such a great well be abandoned?  Even if just temporarily?

Finally, the sundry form dated February 9, 2016:
"An ESP was sanded in during the offset frack in January, 2013. Three (3) attempts to fish the ESP were made without success over the next year. During the 1st attempt the EPS assembly fell and landed in the 4-1/2" liner top.....the majority of the ESP was fished or milled up, however the lower portion is stuck in the LT/PBR...."

"To keep the well in compliance with the NDIC, TA status is being requested."
That was on February 9, 2016.

So, what next? In a sundry form dated March 18, 2016, we learn that the well has been plugged with cement and the well shut in. Future use of the wellbore will be to sidetrack and complete a new lateral once commodity prices improve.

Of course there is more, there always is. Take a look at this post to note the Sophia Drake (#30312) in relation to the Amber Renee. The Sophia Drake is still on SI/NC status.

An earlier post, simply to tell more of the story, "every well has a story." -- November 9, 2015.

Reason #7 Why I Love To Blog -- July 2, 2016

When I post something that seems so preposterous -- and then to have mainstream media provide something that suggests .... well, maybe not so preposterous -- that's reason #7 why I love to blog. LOL.

That happened early this morning. This has nothing to with the Bakken, at least not directly, but it does seem to put things into perspective. At this post, scroll down to the "Gay 20s" to see what I'm talking about. Again, it's not about the Bakken so if you came here for the Bakken, don't bother gong to the link.

US Crude Oil Imports Data For April, 2016 -- July 2, 2016

April figures released. Unremarkable. US crude oil imports from Saudi Arabia down a bit from last month; up a bit from previous month, not all that different from all the other "Aprils" since 1995 (that's as far back as I looked).

I still find it amazing that it takes more than two months to get data that should be available in real-time. Lots of time for insiders to study, act. Whatever.

So, what about the rest of the world? Not particularly noteworthy. Same ol', same ol'.

Other side of the ledger, US crude oil exports. Again, the data is old. April data just now being released, and, again, not particularly noteworthy. Same ol', same ol'.

Weekly US days of supply of crude oil. Did we just hit a record? Almost.
  • back in week 4, February, 1983, the previous record: 34.2 days
  • now, week 5, April, 2016: 34.0 days 
A 30-second sound bite, elevator speech: "US days of crude oil supply is generally about 24 days; records are set when it gets below 20 days, and records are set when the supply stretches out past 28 days. Very, very rarely does one see the 30-day threshold -- but that 30-days became pretty much the norm starting in late 2015. This does not include the SPR."

As of 6/24/16: 31.9 days. A year ago: 28.2 days.

Flashback: February 28, 1983: The final episode of M*A*S*H airs, setting a record for most watched television episode and reaching a total audience estimated at 125 million.