Thursday, March 2, 2017

Random Look At Oasis White, Hagen, Ceynar Wells -- March 2, 2017

So, what's going on here? Three rigs on site in a small geographic area.


The wells:
  • 27108, 1,469, Oasis, Hagen Banks 5298 42-31 8B, t8/14; cum 205K 1/17;
  • 27109, 1,668, Oasis, Hagen Banks 5298 42-31 7T3, t7/14; cum 55K 1/17;
  • 27110, 612, Oasis, Hagen Banks 5298 42-31 6T, t7/14; cum 145K 1/17;
  • 27111, 1,071, Oasis, Hagen Banks 5298 42-31 5B, t7/14; cum 194K 1/17;
  • 27112, 506, Oasis, Hagen Banks 5298 42-31 4T2, t7/14; cum 114K 1/17;
  • 27113, 658, Oasis, Hagen Banks 5298 42-31 3T, t7/14; cum 162K 1/17;
  • 27114, 709, Oasis, Hagen Banks 5298 42-31 2T2, t7/14; cum 205K 1/17;
  • 33228, drl/ros, Oasis, Hagen Banks 5198 12-6 13TX, 
  • 33013, drl, Oasis, Hagen Banks 5198 12-6 9BX, 
  • 32759, drl, Oasis, Hagen Banks 5198 12-6 7B, 
  • 32758, drl, Oasis, White 5198 12-6 6T,
  • 32757, SI/NC, Oasis, White 5198 12-6 5B,
  • 27763, 1,569, Oasis, White 5198 12-6 4T2, t10/14; cum 225K 1/17;
  • 27762, 529, Oasis, White 5198 12-6 3T, t10/14; cum 250K 1/17;
  • 27761, 317, Oasis, White 5198 12-6 2T3, t10/14; cum 31K 1/17;
  • 27760, 772, Oasis, White 5198 12-6 1T2, t10/14; cum 78K 1/17;
  • 20732, 1,718, Oasis, White 6-7H, t11/11; cum 319K 1/17;
  • 20731, 1,598, Oasis, Hagen 31-30H, t11/11; cum 279K 1/17;
  • 27977, 1,790, Oasis, White 5198 13-6 14T, t10/14; cum 198K 1/17;
  • 27976, 958, Oasis, White 5198 13-6 13T3, t10/14; cum 21K 1/17; off-line most of the past year;
  • 27975, 1,722, Oasis, White 5198 13-6 12B, t10/14; cum 342K 1/17;
  • 32916, SI/NC, Oasis, Hagen Banks 5198 13-6 10T,
  • 32915, drl, Oasis, Hagen Banks 5198 13-6 11B,
  • 32914, drl, Oasis, Hagen Banks 5198 13-6 12T,
  • 32913, ros/drl, White 5198 13-6 15T,
  • 32946, loc, Oasis, Ceynar 5198 11-5 2BX,
  • 32947, loc, Oasis, Ceynar 5198 11-5 3TX,
  • 32948, loc, Oasis, Patsy 5198 11-5 2BX, Sivertson,
  • 32949, loc, Oasis, Patsy 5198 11-5 3TX, Sivertson,
  • 32965, loc, Oasis, Ceynar 5198 12-5 4B,
  • 32964, loc, Oasis, Ceynar 5198 12-5 5T,
  • 32963, loc, Oasis, Ceynar 5198 12-5 6B,
  • 32962, loc, Oasis, Ceynar 5198 12-5 7T,
  • 32943, loc, Oasis, Ceynar 5298 42-32 8B,
  • 32944, loc, Oasis, Ceynar 5298 42-32 9T,
  • 32945, loc, Oasis, Ceynar 5298 42-32 10B,
  • 32801, drl/ros, Oasis, Ceynar 5298 42-32 11T,
  • 20689, 1,202, Oasis, Patsy 5-8HTF, Siverston, t11/12; cum 148K 1/17;
  • 19350, 1,162, Oasis, Ceynar 29-32H, Banks, t3/11; cum 263K 1/17;
  • 32961, loc, Oasis, Ceynar 5298 44-32 12T,
  • 32960, loc, Oasis, Ceynar 5298 44-32 13B,
  • 32959, loc, Oasis, Ceynar 5298 44-32 14TX,
  • 32958, loc, Oasis, Ceynar 5298 44-32 15BX,

4 comments:

  1. Hi, Bruce!

    Any thoughts on this recent Art Berman piece?

    http://oilprice.com/Energy/Crude-Oil/Why-Investors-Should-Beware-Of-The-Bakken.html

    Thanks for all you do!

    Sophie

    ReplyDelete
    Replies
    1. Wow, I'm glad you sent that to me. It appears to be a re-print of an article published at "Yahoo!Finance News on February 16, 2017, and which I linked here:

      http://themilliondollarway.blogspot.com/2017/02/is-bakken-bust-oilpricecom-february-16.html

      That link was broken and took one to a general Yahoo!Finance page, so I was able to provide your link, which hopefully will not break.

      Yes, I saw that article, and I thought it so incredibly off-base I was going to do a long rebuttal but then I thought, "what the use?" It's like preaching to the choir.

      I also ran out of energy and I also had better things to do, but thinking I might write a rebuttal later, I decided to at least post some bullets that would remind me what to write about when writing the rebuttal.

      No one is pouring the kind of money into the Bakken (the latest is the $3.9 billion DAPL pipeline) if the Bakken is in decline.

      The Bakken may or may not decline but it won't decline due to lack of oil. The challenge right now is that there is so much oil out there. Having said that, the three crude oil plays in the US are the Permian, the Bakken, and the Eagle Ford. The latter (the Eagle Ford) is the least of the three.

      I don't write about the Bakken from an investor's point of view. From an investor's point of view, it may be better to look elsewhere, but it is clear that Art Berman and I have a completely different world view of tight oil.

      Delete
  2. Thanks for your perspective on that.

    Your site is so valuable for the very reason that you DON'T write from an investors point of view, which is what's mostly out there (and often "out there"), from people who aren't clued in to what's really going on.

    Many thanks again for the quick response!

    Sophie

    ReplyDelete
    Replies
    1. You are quite welcome. From the roughneck to the surface owner to the mineral owner to those impacted by the activity but don't "have" minerals to the shareholders, there are so many points of view.

      Delete