Saturday, August 19, 2017

Wow, Wow, Wow! Sempra Is The Mystery Third Bidder For Oncor -- August 19, 2017

Link here. Sempra is the mystery third bidder for Oncor. Warren has said he has made his final offer. If so, it looks like Warren is out of the bidding. I'll leave the poll up just for the fun of it.

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Re-Charging

Some people have written me suggesting that it is "normal" for wells to come back with increased production when they are shut-in for a number of months and then brought back on line. That's not my impression in the Bakken; it may occur (sometimes/often) but I don't know if I can call it "normal" for wells to come back stronger simply from recharging (being taken off-line for several months).

When I see a Bakken well that has significantly increased production after being off-line for a while, I assume it is something other than re-charging until proven otherwise.

Here's an example of what I'm talking about. This well is in a great oil field, Clarks Creek, and yet after being off-line for almost a year, there was no bump in production once it was brought back on line (and, yes, perhaps the operator choked it back, limiting production):
  • 20891, 603, EOG, Clarks Creek 12-0719H, Clarks Creek, t8/11; cum 268K 6/17:
Monthly production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN6-20172525332488713237647962767
BAKKEN5-20170000000
BAKKEN4-20170000000
BAKKEN3-20170000000
BAKKEN2-20170000000
BAKKEN1-20170000000
BAKKEN12-20160000000
BAKKEN11-20160000000
BAKKEN10-201610720650
BAKKEN9-20168619746531398132414
BAKKEN8-20163125542666257274790
BAKKEN7-201631233822274993132287610
BAKKEN6-2016302162219645439663579147

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Notes to the Granddaughters

While the older sisters are on their way to Nashville to see the eclipse, Sophia is shopping for groceries for Papa. Yes, she has my credit card. LOL.

2 comments:

  1. Re Sempra: A wise old man (a whole lot richer than me...) once passed this pearl of wisdom unto me when he said: "Son, just remember, you can never bid too much at an auction!". [He passed away quite wealthy and made me his trustee, maybe because I listened...} So I suspicion old Warren will collect his breakup fee and live to bid another day!

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    Replies
    1. I think you are correct ... but I wouldn't be surprised if 20 years from now, Warren says he really missed out on a bargain.... as much as he loves big utilities. LOL.

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