Wednesday, March 1, 2017

The Newfield Helsingborg Federal Wells, Sand Creek

Updates

May 10, 2017: this is really, really cool. We now have the production data after this well has come back on line. For the most recent 12 months:

Monthly Production Data (#18414):

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2017306887691932331542314241420
BAKKEN3-2017235549526732971145280912800
BAKKEN2-2017212601323750362
BAKKEN1-20170000000
BAKKEN12-20160000000
BAKKEN11-20160000000
BAKKEN10-20160000000
BAKKEN9-20160000000
BAKKEN8-20160000000
BAKKEN7-20160000000
BAKKEN6-201629146319702604485365614
BAKKEN5-201630988700245314022366



Original Post
Index well:
  • 18414, IA/2,861, Newfield, Sand Creek Federal 1-27HA, Sand Creek, 17 stages, 1.7 million lbs, t11/10; cum 210K 1/17;
Monthly Production Data:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20170000000
BAKKEN12-20160000000
BAKKEN11-20160000000
BAKKEN10-20160000000
BAKKEN9-20160000000
BAKKEN8-20160000000
BAKKEN7-20160000000
BAKKEN6-201629146319702604485365614
BAKKEN5-201630988700245314022366
BAKKEN4-20163010961098158406731325
BAKKEN3-201631140813712325138417132

It will be interesting to see the production profile of this well (#18414) when it comes back on-line. On the other hand, the fact that it remains "IA" after the recently fracked neighboring wells are on-line is concerning. Perhaps #18414 was damaged during the neighboring fracks and might be awhile before it gets back on-line -- if it ever returns.

The graphic:

Other wells on the pads:
  • 32877, 1,487, Newfield, Helsingborg Federal 153-96-27-22-11H, Sand Creek, t12/16; cum 36K 1/17 (40 days); daily activity report -- March 1, 2017; 51 stages; 7.6 million lbs;
  • 32876, 2,813, Newfield, Helsingborg Federal 153-96-27-22-4H, Sand Creek, 51 stages; 10.1 million lbs; t12/16; cum 55K 1/17;
  • 32875, 1,328, Newfield, Helsingborg Federal 153-96-27-22-12H, Sand Creek, 51 stages, 10.1 million lbs; t12/16; cum 39K 1/17;
  • 32874, 1,511, Newfield, Helsingborg Federal 153-96-27-22-13H, Sand Creek, 51 stages, 7.6 million lbs, t12/16; cum 1/17;
32876, see above, Newfield, Helsingborg Federal 153-96-27-22-4H, Sand Creek:

DateOil RunsMCF Sold
1-20173574958618
12-20161858114366

32875, see above, Newfield, Helsingborg Federal 153-96-27-22-12H, Sand Creek:

DateOil RunsMCF Sold
1-20172689143027
12-20161125811273

32874, see above, Newfield, Helsingborg Federal 153-96-27-22-13H, Sand Creek:

 DateOil RunsMCF Sold
1-20171889631511
12-201665285553

DAPL Vs Port Of Vancouver -- Oh, How Sweet It Is -- March 1, 2017

Updates

March 8, 2017: Port Commission votes 2 - 1 to keep port project "viable". Up to state to determine whether it will be approved.  

Original Post
 
The Columbian has the story. If the DAPL becomes reality, is crude-by-rail to the west coast -- e.g., the Port of Vancouver -- dead?

Oh My Goodness -- What Does This Do To The EUR? The Decline Rate?

Updates

December 1, 2018: continues to be an incredible well. Recent production,
  • 19548, 508, CLR, Gudmunson 1-26H, Elidah, 24 stages, 2.4 million lbs, t10/11; cum 335K 10/18
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-20183147184664213311959115490
BAKKEN9-2018274022392319741020698490
BAKKEN8-2018304089415223491257711565651
BAKKEN7-2018314552440925291579114881500
BAKKEN6-20183044804770230613946135600
BAKKEN5-20183148934573249112593125930
BAKKEN4-20183048554903245211561115610
BAKKEN3-2018314473426325428805875550

May 10, 2017: still no FracFocus report or anything in the file report to suggest this well was re-fracked.

Later, 9:12 p.m. Central Time: this one reminds me of #17356. I don't think it's a coincidence that this "case" and the #17356 case are both BR wells. To the best of my knowledge, #17356 was not re-fracked (I could be wrong, but I don't see the data) and yet it also has some huge monthly production data after neighboring wells were fracked.

Original Post
 
An old, old well. No re-frack data over at FracFocus yet. This one had to have been re-fracked (no data yet to confirm that) or neighboring wells on conf status were recently fracked; if so, this is quite a story. We might not know for several months.

The four neighboring wells to the west were recently fracked; there are two questions:
  • were the three wells to the east (still confidential) also fracked; and,
  • was 19548 re-fracked? 
If #19548 was not re-fracked this will be quite a story:
  • 19548, 508, CLR, Gudmunson 1-26H, Elidah, 24 stages, 2.4 million lbs, t10/11; cum 175K 10/16 -- taken off-line early 12/16; API 33-053-03264;
This well is five or six years old; surrounded by other wells that have been fracked and will be fracked. See graphic at this post. Were #30991 - #30993 (inclusive) recently fracked? The production in 12/16 - 1/17 greatly exceeds production when initially fracked. 

With a production jump like this, this well had to have been re-fracked, but as of 3/17, there is no data at FracFocus reporting a re-frack nor is there any evidence of a re-frack in the file report.

Monthly production data:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20173118895187701494329382246424740
BAKKEN12-2016251231012164122821290077415159
BAKKEN11-20161688198931193941019462293965
BAKKEN10-201651114743382542540
BAKKEN9-20163013541152498321832180
BAKKEN8-20163112201138695289528950
BAKKEN7-20163113861360535331033100
BAKKEN6-201628102611424582293227815
BAKKEN5-20163111981335517284028400
BAKKEN4-2016301172915484281128110
BAKKEN3-20163112921356525184518450
BAKKEN2-20162912151127463212221220
BAKKEN1-20163112851378457268326830
BAKKEN12-201531137413984973074301163
BAKKEN11-201529127913885033006293175
BAKKEN10-20153113531111556344734470
BAKKEN9-2015301269139548532282798430
BAKKEN8-2015311337112452328852245640
BAKKEN7-20153114301539500324620461200
BAKKEN6-20153013501346512354535450
BAKKEN5-20153115011538525375037500
BAKKEN4-20153014471304493351035100
BAKKEN3-20153114851727488379337930
BAKKEN2-20152814391561378362136210
BAKKEN1-20153116421558547419131031088
BAKKEN12-201431173017496174010399515
BAKKEN11-20143020181969732411341130
BAKKEN10-201424117414795832885287015
BAKKEN9-20143020081501750465246520
BAKKEN8-20142312451498662329132910
BAKKEN7-20143118411873668441144110
BAKKEN6-2014291713134866338903790100
BAKKEN5-20143017502291575408940890
BAKKEN4-20142918171668582343634360
BAKKEN3-201424145014645623243316875
BAKKEN2-2014281679137862243924072320
BAKKEN1-2014311865186977855605460100
BAKKEN12-2013312005210875361875817370
BAKKEN11-20133023572392862659665960
BAKKEN10-2013312139187472046684233435
BAKKEN9-20133022122324722447844780
BAKKEN8-20133121722215748435443540
BAKKEN7-20133123502236787442344230
BAKKEN6-201330214223131243358435840
BAKKEN5-2013312274227271539753815160
BAKKEN4-20132416791536790440844080
BAKKEN3-20133124752555827670567050
BAKKEN2-2013282246216481765746474100
BAKKEN1-20133125372714920846084600
BAKKEN12-201231281624961158100939753340
BAKKEN11-20123031033361765822282220
BAKKEN10-20123130623031624671567150
BAKKEN9-20123031813196680672867280
BAKKEN8-20123133503371711657165710
BAKKEN7-20123137383678937101809730450
BAKKEN6-2012174293406993871536853300
BAKKEN5-2012151845193047560365936100
BAKKEN4-2012294819518214861173899831755
BAKKEN3-20121833273052921538953890
BAKKEN2-201229485548921039900170811920
BAKKEN1-20123162466217153814764131691595
BAKKEN12-20113179067894175815466126662800
BAKKEN11-201130114641152225822067820178500
BAKKEN10-20112214450141734588351803518
BAKKEN9-201156676410000

More on this one later. 


Daily Activity Report -- Wednesday, March 1, 2017

Active rigs:


3/1/201703/01/201603/01/201503/01/201403/01/2013
Active Rigs4135119192183

Four wells coming off confidential list Thursday:
  • 31697, 1,326, HRC, Fort Berthold 148-94-22A-27-12H, McGregory Buttes, t9/16; cum 85K 1/17;
  • 32739, 375, Crescent Point Energy, CPEUSC Lowe 7-18-19-158N-99W TFH, Ellisville, t12/16; cum 22K 1/17;
  • 32876, 2,813, Newfield, Helsingborg Federal 153-96-27-22-4H, Sand Creek, t12/16; cum 55K 1/17; see Helsingborg Federal wells here;
  • 32938, SI/NC, Hess, RS-Nelson Farms-156-92-24V-1, Ross, no production data,
Four new permits:
  • Operator: Statoil (4)
  • Field: Painted Woods (Williams County)
  • Comments: one of the early BEXP fields in the early Bakken boom
Permit reinstated:
  • 24696, conf, Zavanna, Usher 28-21 1H, Poe, no production data,
Nine wells coming off confidential list:
  • 31980, SI/NC, Statoil, Lougheed 2-11 XE 1TFH, Todd,
  • 32080, 1,213, QEP, KDM 5-7-6THD, Grail, t9/16; cum 63K 12/16 (less than four months);
  • 32083, 722, QEP, KDM 2-7-6T3HD, Grail, t9/16; cum 54K 12/16 (less than four months);
  • 32085, 1,459, QEP, KDM 7-7-6BHD, Grail, t9/16; cum 70K 12/16 (less than four months);
  • 32086, 2,153, QEP, KDM 4-7-6T2HD, Grail, t9/16; cum 78K 12/16 (less than four months);
  • 32424, 302, Petro Harvester Operating, FLX1 22-15-163-91 D, Flaxton, a Madison well, t1/17; cum --
  • 32737, 167, Crescent Point Energy, CPEUSC Lowe 6-18-19-158N-99W TFH, Ellisville, t12/16; cum 7K over 18 days;
  • 32738, 206, Crescent Point Energy, CPEUSC Amerlia Grace 5-7-6-158N-99W TFH, Ellisville, t12/16; cum 5K over 20 days;
  • 32877, 1,487, Newfield, Helsingborg Federal 153-96-27-22-11H, Sand Creek, t12/16; cum 36K 1/17 (40 days)
Twelve permits renewed:
  • EOG (11): ten Hawkeye permits in McKenzie County; one Hardscrabble permit in Williams County
  • Kaiser-Francis: one Lady4 permit in Stark County
One producing well (DUC) reported as completed:
  • 31508, 1,655, CLR, Akron Federal 7-27H, Banks, 4 sections, t1/17; cum --
***************************************

32876, see above, Newfield, Helsingborg Federal 153-96-27-22-4H, Sand Creek:

DateOil RunsMCF Sold
1-20173574958618
12-20161858114366

31697, see above, HRC, Fort Berthold 148-94-22A-27-12H, McGregory Buttes:

DateOil RunsMCF Sold
1-2017124849333
12-201656563154
11-20162522923378
10-20162117116080
9-20162034013093

Wow, Wow, Wow -- Too Much To Blog Today -- March 1, 2017

Screenshot from Schwab:


I'm looking for the small print, but it looks like on-line trades are going to go to $4.95 at Schwab.

Okay, I'm gone for awhile, as family commitments begin.

Dream A Little Dream Of Me, Mama Cass Elliot

Can You Imagine The Short Squeeze Today? -- March 1, 2017

It's going to be quite a night for blogging. But the blogging will be off and on. My family commitments begin at 2:30 p.m. with the three granddaughters: park for the youngest; soccer for the middle granddaughter; and, water polo for the oldest granddaughter.

But in between those activities and after those activities there will be lots to talk about.

To give you an idea of how much to talk about, minutes after posting the subject line to this post. I was sent this link: the real reason behind Dow 21,000 (no, it's not Trump's speech). In short, shorts panicked.

The writer of the article, or the headline writer, is absolutely wrong. He/she says it in the first couple of paragraphs. It was all about Trump's speech. The problem is that short sellers bet wrong on the speech, and bet wrong on Trump.

Yes, it was all about Trump's speech. And short sellers betting wrong. Although I doubt that was the sole reason for the run-up. But whatever it was, doesn't matter, does it?

I think it comes down to this:
  • eight years of bad economic policy and really, really bad foreign policy
  • the realization that if Snapchat (no profits, no shareholder rights, no dividend, no billions of dollars stashed away overseas) is valued at $24 billion, hey, maybe Apple, et al, are undervalued. By a lot. 
******************************
New Yorkers And North Dakota Bison

Earlier today I posted:
Then this:
North Dakotans have been spared meters for so long that some don’t realize the technology has changed, allowing people to pay with credit cards or smartphone apps instead of coins.
I assume New Yorkers think we still have hitching posts on Main Street and Indians are driving buffalo over cliffs.
Shortly after posting that a reader sent me a link to sayanythingblog with this story:
Last week I posted some video a #NoDAPL activist had taken of a MSNBC news team recording a segment from the Oceti Sakowin protest camp in south central North Dakota.

When I originally posted the video I couldn’t find where it had actually been broadcast. I thought that perhaps Perry, having been told that his report was inaccurate, decided not to use it. Turns out I was wrong. The utterly laughable segment really did air.

The video I originally posted showed reporter Cal Perry recording multiple takes of a broadcast in which he talked about a spring buffalo hunt which would have Native Americans floating the carcasses down the Missouri River.

“The tribes here go hunting for buffalo and they go hunting north of the river,” Perry said in one take. “Because the buffalo is so heavy, they kill it and flow it down here and that’s of course, what they feed their families with. What happens when we float that buffalo down the river and the river is full of oil?”

The original YouTube upload of the incident has since been taken down, but I archived a copy expecting that might happen.
See the video at the link. I truly hope this video is entered into evidence at the DAPL suit currently being adjudicated.
Because the buffalo is so heavy, they kill it and flow it down here and that’s of course, what they feed their families with. What happens when we float that buffalo down the river and the river is full of oil?”
I can't make this stuff up.

Because the buffalo is so heavy, they kill it...

***************************
Meanwhile, Where Fracking Contaminated The City's Water Supply 

Flint, Michigan -- we will ban fracking -- Hillary Clinton -- google it.

From NPR: Michigan ends water subsidies to Flint despite mayor's opposition. So what's the story?

It turns out Flint water now meets federal standards, but folks got used to getting their water for free -- or at least lots of it for free.

I can understand the mayor's frustration, sort of, but NPR? Yup, this is such a typical story for NPR.

NOG Announces Earnings; How Many Jobs Were Lost Due To ObamaCare? -- March 1, 2017

Updates

March 6, 2017: from CNBC -- Chicago the next to go the way of Philadelphia. Next, a special tax on beer. Then, on steak. And so it goes.

Original Post

 I have no idea but a tax of 1.5 cent per ounce on sugary and diet drinks in Philadelphia cost 100 workers their jobs. The denominator: 423 employees. Up to 100 of the 423 city's PepsiCo workers are now out of a job: PepsiCo's beverage sales fell 40% in the city because of the tax.

Link here.

But if that many jobs were lost due to a piddly 15 cents being added to a can of Coke, can you imagine how many jobs were lost and are going to be lost because of:
  • ObamaCare
  • a mandated minimum wage unrelated to market economics
  • subsidies for solar and wind energy, artificially raising the cost of electricity
  • the thousands of pages of government regulations published in Obama's last year of his presidency?
****************************
NOG Announces 4Q16 And Full Year Results

Highlights:
  • average 90-day initial production rate on Northern's wells using enhanced completions increased 47% in 2016 as compared to 2015
  • completed $8.9 million property acquisition in the fourth quarter that added 375 barrels of oil per day since the date of acquisition 
  • full year 2016 capital expenditures, excluding the fourth quarter property acquisition, totaled $75.6 million or a 41.3% decrease as compared to 2015 
  • production totaled 1,259,274 barrels of oil equivalent (boe) for the fourth quarter, averaging 13,688 Boe per day or 2% higher than last quarter, despite down-time due to weather during December 
  • ended the year with $212.5 million of liquidity, composed of $6.5 million in cash and $206.0 million of revolving credit facility availability 
  • Northern's adjusted net income for the fourth quarter was $2.4 million , or $0.04 per diluted share. GAAP net loss for the quarter was $12.3 million , or a loss of $0.20 per diluted share.
  • Adjusted EBITDA for the fourth quarter was $35.1 million

Jagged Peak Is A Top 2017 Permian Oil Stock Pick -- Filloon -- March 1, 2017

Hartstreet LLC over at SeekingAlpha: Jagged Peak Is A Top 2017 Permian Oil Stock Pick.

Archived. 

MRO Re-Fracking Program -- Random Update Of A Pennington Well In Reunion Bay -- March 1, 2017

The well:
  • 16772, 400, MRO, Pennington 41-4H, Reunion Bay, t6/09; cum 268K 1/17;
The graphic:
  • note how short this lateral is
 
Comments:
  • original frack: 2009; around 6,000 bbls/month for first several months before decline set in
  • off-line for almost two years
  • re-frack: end of 2013; huge jump in production; exceeding that of original frack -- up to 20,000 bbls/ month for several months
Monthly Production Data:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2017312555255950438163154203
BAKKEN12-2016251759176746329962551113
BAKKEN11-2016302106195155238373260172
BAKKEN10-20163156659986128572353260
BAKKEN9-20162681384530720201400381
BAKKEN8-201631140814432241946151099
BAKKEN7-2016311659170945022741807105
BAKKEN6-2016302066194049226192037181
BAKKEN5-201611730835150109390448
BAKKEN4-2016302368241649826142000181
BAKKEN3-2016312167211845130852477191
BAKKEN2-2016292444243751739063282188
BAKKEN1-2016312778276359446363946207
BAKKEN12-2015312411248873732972686167
BAKKEN11-2015302508250369639513207296
BAKKEN10-2015312899284769943613633232
BAKKEN9-2015302551256564628151994368
BAKKEN8-2015302994299472936792634545
BAKKEN7-201531306930716746700164
BAKKEN6-2015303183315570827011606574
BAKKEN5-2015313209324267152514514208
BAKKEN4-2015303827385873555874879119
BAKKEN3-2015313623358792251944351268
BAKKEN2-2015284154424110045640496763
BAKKEN1-20153149044824104863315451175
BAKKEN12-201431490349809627147638353
BAKKEN11-2014305419533112177725688679
BAKKEN10-20143152465199163773146089478
BAKKEN9-20143052135191185972356404238
BAKKEN8-201431809185342800102368753528
BAKKEN7-2014121507215372140922681621422
BAKKEN6-20143021773219093624478528271555
BAKKEN5-2014132086720382206951051
BAKKEN4-201416288229317869990599
BAKKEN3-2014926452259904213401797
BAKKEN2-20141000600
BAKKEN1-2014144175471911029900459
BAKKEN12-201331121991226041361092491221619
BAKKEN11-201386265564307060658
BAKKEN10-20131000000
BAKKEN9-20130000000
BAKKEN8-20130000000
BAKKEN7-20131000000
BAKKEN6-20130000000
BAKKEN5-2013101671000
BAKKEN4-20130000000
BAKKEN3-20131000000
BAKKEN2-20131200000
BAKKEN1-201314803202
BAKKEN12-2012134212022022
BAKKEN11-20120000000
BAKKEN10-20120000000
BAKKEN9-20120000000
BAKKEN8-2012527030345016
BAKKEN7-20120000000
BAKKEN6-2012192236311400
BAKKEN5-201232220381638278
BAKKEN4-20121540079685
BAKKEN3-2012201320152822214991154235
BAKKEN2-2012291980181257718041221409
BAKKEN1-201212548452453516289182
BAKKEN12-201112318178201
BAKKEN11-20119932859871069774243
BAKKEN10-2011312274245029215821115282
BAKKEN9-2011292155224428815171051294
BAKKEN8-201131234222443023090123
BAKKEN7-20113123422238284219502009
BAKKEN6-20112320861743283191801794
BAKKEN5-2011998113981038350794
BAKKEN4-20112931723315497273302562
BAKKEN3-20112827772736365240602239
BAKKEN2-20112829122748435250602347
BAKKEN1-20111615201603577129901226
BAKKEN12-20101718941800122162501534
BAKKEN11-20102422542071692194601820
BAKKEN10-20102824132285305182101676
BAKKEN9-20103024052510300184701667
BAKKEN8-20103125662619315210801928
BAKKEN7-20103126902858345298902803
BAKKEN6-20103027772664353252402344
BAKKEN5-20103129953053405302102838
BAKKEN4-20103030643282393366403491
BAKKEN3-20103033373067468375703580
BAKKEN2-20102536153882468443504286
BAKKEN1-2010300272700
BAKKEN12-20093138703685505476504765
BAKKEN11-20093038593998523475104751
BAKKEN10-20093139683719523488404884
BAKKEN9-20093041544170586511405114
BAKKEN8-20093148864898780535505355
BAKKEN7-200927531251661065533905339
BAKKEN6-200927660268782175561305613
BAKKEN5-2009257705174900490