Saturday, March 17, 2018

151-94-14, Reunion Bay, MRO, Jones/Lun/Others

Start with this Three Forks second bench well -- it is a huge well but for some reason it went inactive 1/18:
  • 29209, IA/2,776, MRO, Ernestine USA 11-14TFH-2B,  Reunion Bay, "the third of many wells to be drilled on this pad by H&P #259; the very first 2nd Bench"; Three Forks Second Bench, a huge well, 32K in first month, background gases relatively low (300 - 10,000; 20' flare common and intermittent); a 10' target; t6/15; cum 355K 3/19; went inactive 1/18; back on line for four months, 5/18 - 8/18; active as of 1/19; no jump in production;

The graphic:


The wells:
  • 29208, IA/2,533, MRO, Lun USA 11-14H, Reunion Bay, t6/15; cum 233K 4/19; see above;
  • 29209, see above;
  • 29210, IA/2,900 MRO, Tony Lun USA 12-14TFH, Reunion Bay, t6/15; cum 365K 8/18; remains inactive, 3/19;
  • 29211, IA/2,929, MRO, Doll USA 12-14H, Reunion Bay, t6/15; cum 473K 8/18; see production jump below; API 33-053-06220; FracFocus no evidence of any re-frack; remains inactive 3/19;

  • 34100, 4,857, MRO, Nora Jones 12-14TFH-2B, Reunion Bay, t10/18; cum 237K 3/19; huge well -- 77K in 12/18;
  • 34101, 4,966, MRO, Briek 13-14H, Reunion Bay, t11/18; cum 261K 3/19; huge well -- 76K 11/18; 68K 12/18;
  • 34102, 4,488, MRO, Julia Jones USA 13-14TFH, Reunion Bay, t11/18; cum 197K 3/19; huge well -- 58K 12/18;
  • 34103, 7,471, MRO, Dye USA 14-14TFH-2B, Reunion Bay, t10/18; cum 290K 3/19; huge well -- 59K in 1/19;
  • 34104, 5,747, MRO, Hammerberg USA 14-14H, Reunion Bay, t10/18; cum 275K 3/19; huge well, 66K in 11/18; 57K in 1/19;

  • 19514, 527, MRO, Jones USA 14-14H, Reunion Bay, t4/11; cum 535K 12/18; look at the jump in 12/18 -- be sure to note that the 6,870 bbls was over only 13 days (extrapolates to: 16K bbls/month); re-fracked 7/26/2018 - 7/28/2018; a small re-frack with 3 million gallons of water:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-2018136870680218265660733212866
BAKKEN11-201814034395864034375
BAKKEN10-201883648360815270493904727
BAKKEN9-20180000000
BAKKEN8-20181220110
BAKKEN7-2018001260000
BAKKEN6-201826159716733492446195011
BAKKEN5-201831235224182853433277320
BAKKEN4-20183026482608307338425480


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Production Notes

29201: a nice well; off-line as of 1/18, though still producing nicely

29211: recent production data --
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-201831110401098429651954816745380
BAKKEN12-201718679467511598109488953496
BAKKEN11-201730667165102161105798388438
BAKKEN10-2017173388350555967915620232
BAKKEN9-201730680168659581425911503853
BAKKEN8-2017317229724312031450411959334
BAKKEN7-2017317595745713551505113078108
BAKKEN6-20173075177488128215066121861187
BAKKEN5-2017317814775713311323911270259
BAKKEN4-2017305941596394696657856343

Existing Frack Sand Transloading Terminal In Van Hook Changing Hands -- March 17, 2018

It was a bit difficult sorting out this press release. I don't think it's a new terminal, but simply one that is changing hands.

Link here.  From a press release --
THE WOODLANDS, Texas, March 16, 2018 -- Smart Sand, Inc. announced  that it acquired the rights to operate a unit train capable transloading terminal in Van Hook, North Dakota to service the Bakken Formation.
The Company paid consideration of approximately $15.5 million to acquire certain assets at the Van Hook terminal, and has entered into a long-term lease agreement in connection with the transaction. As part of this transaction, Smart Sand and Canadian Pacific have entered into a long-term agreement to service Van Hook directly along with the other key oil and gas exploration and production basins of North America.  The Company expects to have the Van Hook facility operational in April 2018.

Week 11: March 11, 2018 -- March 17, 2018

For an "incredibly" quiet week, there were certainly some huge stories, not least of which was the huge upset in the NCAA men's basketball tournament Friday night. In the first round #16 (University of Maryland, Baltimore County) defeated -- and soundly defeated -- the #1 seed in that bracket, Virginia. Not only #1 in their bracket, but Virginia was the #1 seed overall.  "Everybody" thought the tournament would end with Villanova and Virginia in the finals. In fact, Virginia's tournament ended last night.

For me, the biggest story of the week, and possibly the year: ExxonMobil is betting big on light, sweet oil.

Where small town America is thriving: Another big story, closer to home, of course, was the article in Forbes magazine ranking small towns in America based on their economies, or something to that effect. Williston ranked #1. Williston, Dickinson, and Minot were all in the top six. Two cities in west Texas, including Midland, also made the top five or six. There are a number of story lines there but I simply don't have time.

Other big stories:
There were a number of Bakken stories I missed; someone sent me a  link of some of those stories; I will post it later.

Operations
An old Slawson Pike Federal well shows jump in production; this is not something one sees in conventional fields
CLR puts a well that has been completed/reported back on the confidential list; again, something we don't see in conventional plays
North Dakota still producing more than one million bopd
Another huge re-fracked MRO well
Huge jump in production in an old WPX well 

Bakken economy
Williston's fire safety rating: jumps to top 2% of the nation 
Boomtown is back -- Bloomberg

Miscellaneous
A look back at Bakken projections, from 2013, Mike Fitzsimmons