Sunday, February 19, 2017

Random Update Of Enerplus' Snake Wells, The Featured Post At The Sidebar -- February 19, 2017

At the sidebar at the right I have something called "Featured Post." I change that link every couple of weeks. For the next few weeks the featured post will concern the "Enerplus snake wells" in Antelope oil field.

Disclaimer: in a long note like this, there will be typographical and factual errors. I often make simple errors of arithmetic. If this information is important to you, go to the source. 

There are a couple of things one should note about this area. I will come back to this in a couple of days if I don't forget.

One example of these "snake" wells:
  • 26990, 3,102, Enerplus, Hognose 152-94-18B-19H-TF, Sanish, specifically Three Forks 2nd bench, three laterals; 60 days (533 hours) drilling, 41 stages; 9.7 million lbs sand; t4/14; cum 481K 12/16; add in the 780,264 MCF of gas (130,000 boe) = 610,000 boe.
This well produced almost one-half million bbls of oil (610 boe) since 2014, less than three years.

Another example, this well produced almost 400,000 bbls of oil in eighteen months:
  • 26988, 2,842, Enerplus, Bull 152-94-18B-19H-TF, Sanish, t6/15; cum 392K 12/16; add in the 1,106,669 MCF of gas (185,000 boe) = 575,000 boe in eighteen months.
Monthly production for #26988:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH12-20163179968029264849472485210
SANISH11-20163085358558301551184507170
SANISH10-2016311065510690371254681541640
SANISH9-20163090779103247733558331170
SANISH8-201631976610036256335339348350
SANISH7-2016311107411079295340471399610
SANISH6-2016301190811663304143086413200
SANISH5-201631127181271529593815436097209
SANISH4-2016301221412284276341020392060
SANISH3-2016311322113375270940377384950
SANISH2-2016261262812548223937883328123521
SANISH1-2016311389413934414372074699820
SANISH12-2015302292322770542471428686330
SANISH11-2015262423324303506962384594430
SANISH10-2015303548035682622478644744230
SANISH9-20152941974419926337797505012224777
SANISH8-20153141636416066032791086175412472
SANISH7-20153043050430976574817955694319846
SANISH6-20152647220466401188989719768137534
SANISH5-2015315611374298326542254980

The area in question:


Note: the lone lateral running north-to-south in section 17 in the graphic above:
  • 32767, 2,759, Petroshale, Petroshale US 8H, t1/17; cum 3K over 3 days; neither the NDIC site nor FracFocus has the frack data yet.

Wal-Mart's Problems -- WSJ -- February 19, 2017

Updates

February 21, 2017: Walmart profits drop almost 20% in 4Q16 despite strong holiday sales. Link here.  Sales rose 1.8% at stores open at least a year, but profits fell almost 20%. So, if  your sales increased, why did one's profits decrease. Let's look at costs:
  • lights and electricity: year-over-year I doubt there has been much change
  • big-box store employees: minimum wage increases; benefits have increased?
  • new ventures: digital / on-line sales division -- yup, that's probably where it is -- Amazone seldom turns a profit in its retail division even after years (decades?) of doing this
Apparently the market not upset; WMT was up over 2% today on another huge day for the market.
Original Post

Link here.

Random Update Of High-Intensity Fracked EOG Austin Well -- February 19, 2017

High-intensity frack:
  • 25374, 1,414, EOG, Austin 39-3204H, Parshall, 60 stages, 14.6 million lbs, 1920 acres, t9/13; cum 888K 12/16; according to FracFocus, fracked from 7/6/2013 to 8/8/2013;
Full production profile to date:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-2016318901885112430364286651195
BAKKEN11-201630947396581172997829269221
BAKKEN10-201631101779994130317701636914897
BAKKEN9-201630103101031013831626297351404
BAKKEN8-201631113321197213533204305932107
BAKKEN7-201631117191114912033212312811432
BAKKEN6-201630108421084087330932095611657
BAKKEN5-201631124141249516433340318381001
BAKKEN4-201630120551204314134219292314502
BAKKEN3-201631137351376411837540358631173
BAKKEN2-20162913947139431683624134985784
BAKKEN1-201631170371704813239558379021160
BAKKEN12-201531160271601412937345342262651
BAKKEN11-201530163151623713234235316552092
BAKKEN10-201528126471266034629448270452015
BAKKEN9-201530200742011912145976421493339
BAKKEN8-2015312242522444135477183594511280
BAKKEN7-201529204112040915342231377584048
BAKKEN6-2015302396023990187493173638112461
BAKKEN5-201531269342694019850346470072852
BAKKEN4-2015302591125905375462263548010279
BAKKEN3-2015313218232428203496013671312384
BAKKEN2-201520191011875060924774233501117
BAKKEN1-201531295152955518641405368254079
BAKKEN12-201431316123161217543552416381410
BAKKEN11-201430334713349120440255303319438
BAKKEN10-2014313738237255358459122596519446
BAKKEN9-2014304089140938575397592406315212
BAKKEN8-201415191621924826981233311853406
BAKKEN7-2014293947239797107732919271335653
BAKKEN6-2014294025740197590725064186706250
BAKKEN5-2014138103501521490
BAKKEN4-201429278292865512921775204071227
BAKKEN3-201431310873130961222601822092
BAKKEN2-20142830924306175819692019554
BAKKEN1-20142225395249886913664013565
BAKKEN12-201325273932811510114349014242
BAKKEN11-201330371883719443518371018231
BAKKEN10-2013294376042959131424640024505
BAKKEN9-2013121444113778124310696010640

More Roundabouts For Williston -- February 19, 2017

From The Williston Herald:
A plan for road improvements in the Williston area calls for as many as 13 roundabouts, mostly in the western and northern parts of the city.
The plan, which was unanimously recommended by both the Williston and Williams County planning and zoning boards Thursday night ...
The transportation plan lists more than 30 projects that may be needed between 2016 and 2030.
In all, the short-term projects add up to nearly 36 miles of road and a cost of more than $350 million.
Much more at the link. 

In my experience, there are few intersections that are better served by traffic lights than round-abouts or "circles." Very few intersections. In addition, round-abouts are considerably less expensive. In fact, it's hard to even compare the price of one with the other. 



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Trout Dinner 

EURs -- Bakken 2.0 -- February 19, 2017

For an explanation of this table, go back to this post.

Disclaimer: this data in this table has not been quadruple-checked nor certified by outside agencies. In a long spreadsheet and a long note like this, there are bound to be typographical and factual errors. In addition, the data in column 5 of the table below (EURs) was taken from graphs which in some cases were hard to read. The data could be very, very incorrect. If this is important to you, go to the source which is linked above. 

A random look at the EURs of recent Whiting wells in the Bakken. In the early days we were talking about EURs of 300,000 and getting excited about EURs of 500,000. Then Mike Filloon started noting EURs of 1.5 million and there was even talk of some wells with EURs of 2 million bbls of oil.

Again, just a random look at the EURs of recent Whiting wells in the Bakken. There are fourteen Whiting wells in this list, arranged by EURs, in descending order. The Carscallen well at the top has a EUR of 2 million bbls of oil. The Rolla Federal well at the bottom has an EUR of 1.5 million:

Group Description
Group
Permit 
Well
EUR (1,000’s)
Sand (lbs)
Field
County

N
32340
Carscallen 31-14-4H
2000
10 million +
Truax
WMS

O
32338
Carscallen 31-14H
1700
5 million +
Truax
WMS

O
32368
Carscallen 31-14-2H
1700
5 million +
Truax
WMS
Rolla Federal Group A
Q
31712
Rolla Federal 21-3-1H
1700
7 - 15 million
Twin Valley
MCK
Rolla Federal Group A
Q
31710
Rolla Federal 21-3-1TFH
1700
7 - 15 million
Twin Valley
MCK
Rolla Federal Group B
R
31711
Rolla Federal 21-3-2TFH
1700
7 - 15 million
Twin Valley
MCK
Rolla Federal Group B
R
32329
Rolla Federal 11-3-1TFHU
1700
7 - 15 million
Twin Valley
MCK
Rolla Federal Group B
R
31715
Rolla Federal 21-3-3TFH
1600
7 - 15 million
Twin Valley
MCK
Rolla Federal Group B
R
32326
Rolla Federal 11-3-1H
1600
7 - 15 million
Twin Valley
MCK
Banks Field
T
32764
Chameleon State 31-16HU
1600
7 - 15 million
Banks
MCK

N
29693
P Bibler 155-99-16-31-30-1H
1500
10 million +
Epping
WMS
Rolla Federal Group A
Q
31706
Rolla Federal 31-3-3TFH
1500
7 - 15 million
Twin Valley
MCK
Rolla Federal Group B
R
32328
Rolla Federal 11-3-2TFH
1500
7 - 15 million
Twin Valley
MCK
Rolla Federal Group B
R
31705
Rolla Federal 31-3-2TFH
1500
7 - 15 million
Twin Valley
MCK

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The Book Page

The Art of Beatrix Potter: Sketches, Paintings, and Illustrations by Emily Zach, Steven Heller (Foreword by), Linda Lear (Introduction), Eleanor Taylor (Afterword), c. 2016. I don't find it at Amazon.com. At the big box store, it's priced at $40 (of course, less expensive for members and those with coupons) but through B&N on-line, $26 and free shipping.

Turner: The Extraordinary Life and Momentous Times of J. M. W. Turner, Fanny Moyle, c. 2016.

Quantum Fuzz: The Strange True Makeup of Everything Around Us, Michael S. Walker, c. 2016.

The Ancestor's Tale: A Pilgrimage to the Dawn of Evolution, Richard Dawkins and Yan Wong, c. 2016. 

The book I would like to see: DAPL: Letting Things Play Out. In fact, there could be a series of "Letting Things Play Out" just like the book series for "dummies." Other examples of letting things play out: Baltimore riots; Benghazi; and, the emergence of ISIS.

*********************************
Dreamliner

From Quantum Fizz, linked above, p. 318:
Boeing Company may have staked its future on carbon-fiber-reinforced polymer (CFRP) technology in developing its model 787 Dreamliner, the most advanced new generation in commercial aircraft ...
Following test performed earlier in relation to military aircraft design, wings and fuselage are no longer made from sheets of aluminum but instead use CFRPs to from a super-strong lightweight component...
... Boeing has been able to improve range and fuel efficiency (by 20 percent) without increasing the size of the aircraft, bucking the historical trend
The longest-range variant of the 787 can fly over 9,000 miles (from NYC to Hong Kong) without refueling.
As of March, 2016, Boeing had orders for 1,139 aircraft from 62 customers.
But this is a competitive world. Responding to the threat that the Dreamliner posed to its business, Airbus in January, 2015, introduced its A350, an aircraft of comparable capacity that is made of 53% of composite structures, as opposed to Boeing's 50%
Variants of the two aircraft seat 225 to 350 passengers at a cost per aircraft ranging from $225 million to $356 million.
Now look at all the aircraft flying at any given moment, and imagine that all these aluminum behemoths are now made with 50% less aluminum. No wonder Alcoa split off its smelting and refining businesses.

Nice Bump In Production In Two Whiting Chameleon Wells After Being Shut In For Less Than Two Months -- February 19, 2017

Nice bump in production after being off-line for less than two months:
  • 22621, 1,561, Whiting, Chameleon State 153-97-16-21-2H, Banks, t7/12; cum 122K 12/16; 
A update regarding this data is found at this post.

Monthly Production Data:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-2016318287832110044264691023316143
BAKKEN11-2016308796878312339281311172116320
BAKKEN10-2016103755370711821865735205108
BAKKEN9-201651274321656256100
BAKKEN8-20163182666910003953383030
BAKKEN7-2016318188891107360335028
BAKKEN6-2016308688861326397438768
BAKKEN5-201631910897125945103723694
BAKKEN4-201630958912106348534328437
BAKKEN3-2016301456159417596257611057
BAKKEN2-201628121013606303615350823
BAKKEN1-20163180646932221361939104

Nice bump in production after being off-line for less than two months:
  • 19859, 1,102, Whiting, Chameleon State 153-97-16-21-1H, Banks, t7/12; cum 145K 12/16; 
Monthly Production Data:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-20163161156141739719521753811890
BAKKEN11-20163064916479908720744863312021
BAKKEN10-20161121482171129551265348397781
BAKKEN9-20165273454150115211370
BAKKEN8-2016311699157711345942583019
BAKKEN7-201631184620041309675966588
BAKKEN6-2016301926203114326895675946
BAKKEN5-201630224922611847680454541261