Wednesday, January 17, 2018

Random Update Of Two MRO Re-Fracked Wells In Bailey Field -- January 17, 2018

This is pretty cool. Back in 2011 I was putting together a list of wells that might become part of MRO's re-frack program. That was back in 2011. Once I saw the program begin to play out, I no longer added wells to the list.

Tonight, I see that one of those wells on that list -- all the way back to 2011 -- has now been re-fracked:
  • 17164, 340, MRO, Repp Trust 34-9H, Bailey, t11/08; cum 200K 11/17; according to FracFocus it was re-fracked 6/15 - 23/2017; the sundry form in the NDIC file shows that it was a 32-stage frack with 5.6 million lbs proppant. Production since the frack:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-201730120381197717878705905595
BAKKEN10-201731145821465521574910437353625
BAKKEN9-20173015302153772579289342986829
BAKKEN8-2017311640416135305989355917334
BAKKEN7-201730124791251220031442815411386
BAKKEN6-2017723352252270129801018
BAKKEN5-20170000000
BAKKEN4-20170000000
BAKKEN3-20170000000

Production after the original frack, an open hole frack with 543,000 lbs sand:
BAKKEN3-200931231221214978718710
BAKKEN2-200928248926555959229220
BAKKEN1-20093134963344903112611260
BAKKEN12-20082741074246107718133171496
BAKKEN11-200828591856452765216002160
BAKKEN10-20082163017559059

******************************
Another MRO Re-Fracked Well
  • 17171, 391, MRO, Fred Hansen 34-8H, Bailey, t10/08; cum 270K 11/17; re-frack with 45 stages, 5.6 million lbs proppant; original frack back in 2008; open-hole frack with 556,220 lbs sand;
Recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-201730120021206611587700833102238
BAKKEN10-2017311480514624142561431291243420
BAKKEN9-201730172321729618269935107329
BAKKEN8-201731205482036627684112591098769
BAKKEN7-2017291689716945254611021636394605
BAKKEN6-201711910091425202488310992748
BAKKEN5-20170000000
BAKKEN4-2017513814168954323
BAKKEN3-20173162558134954428234

Production after initial frack:
BAKKEN2-20092826282878584102410240
BAKKEN1-200931419542581268152115210
BAKKEN12-200831462644251245108310830
BAKKEN11-200827464548601263179317930
BAKKEN10-200831807283463167132413240
BAKKEN9-200824219613841250000
BAKKEN8-20080000000


It will be most interesting when EOG begins a re-fracking program in the Parshall oil field.

The Apple Page -- Nothing About The Bakken -- January 17, 2018

The Marshall Plan, adjusted for inflation, spent about $120 billion to rebuild West Germany. See this link. A huge "thank you" to Jim Cramer for alerting me to this data point.

Apple today announced it would inject $350 billion in new investment in the United States over the next five years, much/most of it in 2018, according to Jim Cramer. In addition, Tim Cook will write a check for $38 billion in a one-time tax related to the tax bill.

Cramer says that in an interview with Tim Cook, the Apple CEO said these developments were only possible because of the tax cut -- you know, the one that was not supported by one Democrat. Even the anti-Trumpers, and never-Trumpers on the GOP side of the aisle voted for this tax bill.

That helps put things into perspective.

According to Yahoo!Finance, Apple, Inc, has $75 billion in cash.

Later, a huge "thank you" to a reader for providing this link: https://www.cnbc.com/2018/01/17/cramer-apples-tim-cook-credits-most-of-350b-plan-to-repatriation.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104950964&yptr=yahoo

Disclaimer: some of these data points may be incorrect; I was distracted by Sophia when posting this, but I'm sure it's easy enough to confirm these figures. The Marshall Plan figure is accurate, at least as far as I know, and so is the Apple figure of $350 billion. That's enough for me.

Arctic Blast? What Arctic Blast? Active Rigs In North Dakota Power Ahead To 58; But Look At The Phenomenal DUCs Reported As Completed -- January 17, 2018

Active rigs:

$64.061/17/201801/17/201701/17/201601/17/201501/17/2014
Active Rigs583849157187
 
Five new permits:
  • Operators: XTO (4); Nine Point Energy
  • Fields: Antelope (McKenzie); Elk (McKenzie)
  • Comments: XTO as permits for a 4-well  Nelson Federal pad in lot 3, section 5-152-94
Six permits renewed:
  • MRO: a Mathias permit; a Coan permit; a Bollete permit; a State Willard permit; a Nisbit permit; and, a State Loland permit, all in Dunn County
Two permits canceled:
  • Petro-Hunt: two Tande permits in Burke County
Six producing wells (DUCs) were reported as completed:
  • 31636, 627, XTO, Lundin 11X-15E, Siverston, t10/17; cum 22K after 10 days; extrapolates to 66K over 30 days;
  • 31638, 2,978, XTO, Lundin 11X-15EXH, Siverston, 4 sections, t11/17; cum 17K after first full month;
  • 32515, 1,997, XTO, Lundin 11X-15AXB, Siverston, t11/17; cum 44K after first full month;
  • 32516, 1,892, XTO, Lundin 11X-15F, Siverston, t11/17; cum 15K after 18 days;
  • 32890, 4,524, MRO, Murphy USA 34-22TFH-2B, Antelope, Sanish pool, t12/17; cum -- (#19144)
  • 33290, 4,204, MRO, Lena USA 14-22H, Antelope, Sanish pool, t12/17; cum -- (#19144)
The graphic on Murphy and Lena:


The Lundin wells are tracked here

These results help explain why North Dakota reported another month of crude oil production greater than 1 million bopd.

Monthly Change In Bakken Production By Field -- November, 2017 Data

Top twenty crude oil producing fields in North Dakota ranked by change in production.

Disclaimer: the spreadsheet below was done by hand. In a long spreadsheet like this, there will be factual and typographical errors. I did not double-check the data except that from the Elm Field oil field. If this information is important to you, go to the source. Do not make any financial, investment, job, travel, or relationship decisions based on what you read here or think you may have read here.

Ranked by change in production (percentage basis) for the month of November (month-over-month), column 10:

Field
Oct 2017 Prod
Oct Wells
Oct Oil / Well / Month
Percent Change Oct-over-Sept
Change in # of wells
Nov 2017 Prod
Nov Wells
Nov Oil / Well / Month
Percent Change Nov-over-Oct
Change in # of wells
North Tobacco Garden
211,879
50
4,238
58.47%
2
305,647
55
5,557
44.26%
5
Spotted Horn
513,943
112
4,589
3.08%
4
715,519
112
6,389
39.22%
0
Keene
168,545
50
3,371
75.30%
0
228,938
50
4,579
35.83%
0
Beaver Lodge
96,415
76
1,269
32.59%
1
127,202
79
1,610
31.93%
3
Banks
780,988
211
3,701
-4.42%
3
1,013,187
212
4,779
29.73%
1
Eagle Nest
425,625
107
3,978
-18.70%
4
535,400
107
5,004
25.79%
0
Oakdale
47,667
24
1,986
28.72%
0
56,180
24
2,341
17.86%
0
Grail
598,552
195
3,069
6.37%
0
694,348
198
3,507
16.00%
3
Twin Buttes
35,862
24
1,494
-15.10%
1
41,040
23
1,784
14.44%
-1
Brooklyn
273,951
88
3,113
26.77%
2
313,176
90
3,480
14.32%
2
Stockyard Creek
219,616
88
2,496
24.13%
-1
245,140
88
2,786
11.62%
0
Bell
242,795
78
3,113
27.77%
5
270,847
82
3,303
11.55%
4
Painted Woods
80,408
56
1,436
46.94%
1
88,990
59
1,508
10.67%
3
Fayette
90,580
49
1,849
2.34%
0
97,973
50
1,959
8.16%
1
Williston
65,900
25
2,636
-7.33%
0
71,239
25
2,850
8.10%
0
Blue Buttes
1,068,764
184
5,809
7.64%
0
1,152,531
190
6,066
7.84%
6
Big Bend
575,025
130
4,423
14.10%
3
606,472
130
4,665
5.47%
0
Elidah
121,382
58
2,093
-13.25%
0
127,611
58
2,200
5.13%
0
Long Creek
77,632
27
2,875
-0.37%
0
80,501
27
2,982
3.70%
0
West Capa
41,059
38
1,081
-10.87%
0
42,559
38
1,120
3.65%
0