Friday, June 29, 2018

CLR's Kennedy-Miles Wells Have Been Fracked And Are Starting To Produce -- June 29, 2018

The Kennedy-Miles wells have been fracked, according to FracFocus. Wells still on SI/NC but are showing some production. I will update later but wanted folks to know these wells have been fracked. The Kennedy-Miles wells are followed here.

Seven New Permits; Iron Ore Operating With Two New Permits; No DUCs Reported As Completed; WTI Closes At $74.15 -- June 29, 2019 -- Last Business Day In 1H18

WTI: it's hard to believe WTI was below $45 a year ago, from ycharts --


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Daily Activity Report

Active rigs:

$74.156/29/201806/29/201706/29/201606/29/201506/29/2014
Active Rigs67593077191

Seven new permits:
  • Operators: Oasis (5); Iron Ore (2)
  • Fields: Camp (McKenzie); Ellsworth (McKenzie);  Little Tank (McKenzie)
  • Comments: Oasis has permits for two pads, both Slagle pads, in same section, section 12-151-101; Iron Ore has a total of about two dozen wells/permits in North Dakota; all of them are active oil and gas wells except for these two new permits and one salt water disposal well;
Eight permits renewed:
  • Crescent Point Energy: four CPEUSC Berner permits and four CPEUSC Nelson permits, all on one pad, SWSE 19-157-99
No DUCs reported as completed.

Mountain Gap Wells -- FracFocus Data May Be In Error -- June 29, 2018


Updates

Postings by date:


October 5, 2019: current graphic of the area --


October 24, 2018:
  • 33556, 1,556, CLR, Mountain Gap 2-10H1, Rattlesnake Point, t7/18; cum 168K 6/19;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-2018313417734306425463647936172307
BAKKEN7-201891220911683153121319888984300

October 22, 2018: link here.
  • 33557, 2,103, CLR, Mountain Gap 3-10H, Rattlesnake Point, 64 stages; 15.3 million lbs, t7/18; cum 263K 6/19;

  • PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
    BAKKEN8-2018314475544888421394919248687100
    BAKKEN7-201818326493218432629347612149713029
    BAKKEN6-20180000000
October 19, 2018: another Mountain Gap that has been reported:
  • 33559, 2,488, CLR, Mountain Gap 5-10H, Rattlesnake Point, 64 stages; 15.2 million lbs, t7/18; cum 231K 6/19;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20181517153170421522620077148515046
BAKKEN7-201823400694005740885524803185920329
BAKKEN6-20184638961025748714856771423
BAKKEN5-20180000000
BAKKEN4-20187113711376549167801678

October 7, 2018: this is a second bench Three Forks well:
  • 33558, 2,294,  CLR, Mountain Gap 4-10H2, Rattlesnake Point, second bench; two days to drill vertical portion; the curve took about 36 hours to build; error in reporting dates so unable to tell how long it took to drill the lateral, probably two days; gas exceeded 6,000 units; at one time reaching 7,800 units; flare maxed at 5 feet; 64 stages; 10 million lbs, a huge well; t7/18; cum 241K 6/19;
  • PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
    BAKKEN8-2018312355223614349212514123844892
    BAKKEN7-201831467894670065111568084065215753
    BAKKEN6-2018445374222668352654511706
    BAKKEN5-20180000000
    BAKKEN4-20188200020009459233902339
     
August 14, 2018: #33120 and #33121 come off confidential list August 25, 2018, and August 27, 2018, respectively.
  • 33120, 3,510, CLR, Moutain Gap 7-10H, Rattlesnake Point, t5/18; cum 437K 6/19; 37 stages; 15 million lbs -- middle Bakken:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20183137955378552387743818421931230
BAKKEN7-2018313329533370203433673536210148
BAKKEN6-2018303227232381189723424133637236
BAKKEN5-20183184883844745708353685509402745
BAKKEN4-201847865765854635720572
BAKKEN3-201823173170000
BAKKEN2-2018412312370105501055

  •  33121: 2,972, CLR, Moutain Gap 8-10H1; Rattlesnake Point, t5/18; cum 277K 6/19; 37 stages; 15 million lbs; TF1
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-201831192591930923179223532189081
BAKKEN7-201831236592364724486267022624283
BAKKEN6-2018301764517759233151935218794190
BAKKEN5-201831700417009981120223502235
BAKKEN4-20184924886869245179901799
BAKKEN3-201814324060000
BAKKEN2-2018310610621145401454

August 9, 2018 (update on future dates): all these Mountain Gap wells have been completed and are starting to produce, but they are still on the confidential list -- the Rattlesnake Point wells are tracked here.
  • 33561, 1,861, CLR, Mountain Gap 12-10H, Rattlesnake Point,64 stages; 15.3 million lbs, 6/18; cum 285K 6/19;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-2018301964719590277482473423424939
BAKKEN7-201831241992420636983329662255010069
BAKKEN6-20183032056317494057837359355471431
BAKKEN5-20180000000
BAKKEN4-20180000000
BAKKEN3-201888718715318910891

  • 33123, 2,904,  CLR, Mountain Gap 10-10H, Rattlesnake Point, 63 stages; 15 million lbs, t6/18; cum 411K 6/19;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-2018314974549775363045675956079298
BAKKEN7-2018317232172304630987462473769480
BAKKEN6-2018305280352816526135254851466714
BAKKEN5-2018117021232104184783215
BAKKEN4-20180000000
BAKKEN3-2018476761317540754
  •  33579, 2,072, CLR, Mountain Gap 11-10H1, Rattlesnake Point, 64 stages; 15.3 million lbs, t6/18; cum 227K 6/19;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20183127298272482380633529305082616
BAKKEN7-201831342603433935160489692311925445
BAKKEN6-20183035943355443842043568368966289
BAKKEN5-20180000000
BAKKEN4-201812282280000
BAKKEN3-201885175171518610861

Original Post

Disclaimer: it should be noted, I have been "snookered" on at least one occasion in the past when we thought we had a staggering record monthly production number only to find it was a typo by the NDIC. So, I'm waiting for the data once these wells come off the confidential before I get too excited.

Before getting to the subject of this post, look at these incredible wells CLR will be reporting, (for more on these wells, see this post):
  • 33121, 2,972, CLR, Mountain Gap 8-10H1, API 33-025-03237, producing but still confidential; we don't know the number of days of production in 5/18 (I assume a full month); and we don't know how much natural gas produced; t5/18; cum 277K 6/19;
DateOil RunsMCF Sold
6-20181775918794
5-2018700990
4-201886860
3-20184060
2-20181060
  • 33120, 3,510, CLR, Mountain Gap 7-10H, API 33-025-03236, huge production; 80K+ in first month of unconstrained production; 50,940 mcf = 8,500 boe. Plus the 84,474 = 92,962 boe in first month of unconstrained production. In the first two months of unconstrained production, 132,000 boe; t5/18; cum 437K 6/19;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN6-2018303227232381189723424133637236
BAKKEN5-20183184883844745708353685509402745
BAKKEN4-201847865765854635720572
BAKKEN3-201823173170000
BAKKEN2-2018412312370105501055

Update

See note below. Now we have the data for the well in question:
  • 33120, 3,510, CLR, Mountain Gap 7-10H, Rattlesnake Point, 37 stages; 15 million lbs, huge well; 84K in one month; t5/18; cum 437K 6/19;
Original Note

Now the reason for this post.
  • One has to assume, Harold Hamm fracked the heck out of these two wells to get results like this. So, let's check FracFocus (the NDIC would not have this data yet).
FracFocus screenshots for these two wells down below.
Now, before you look at the FracFocus graphics: I have never, never, ever, ever seen an obvious typographical error posted by FracFocus.
The production numbers above are apparently correct; a reader verified that his royalty pay stubs confirms this production. So, 99.99999% sure there is no typo above but the NDIC has been known to make errors. But if the pay stubs reflect this production ...
And as noted, I have never seen FracFocus make an obvious typographic error.

If the FracFocus data is correct, then what are we to make of the production numbers of one of the wells above?

Here are the screenshots of the FracFocus data for these two wells. 

For the first well, #33121, the frack mix was not unusual:
  • water: 10.4 million lbs of water
  • water: 84% by weight
  • sand: 15% by weight
For the second well, #33120, either an error or something quite exciting; we will know when the wells come off confidential list:
  • water: less than a million gallons of water
  • water: 88% by weight
  • sand: 11% by weight
  • Later, frack data from the NDIC/CLR: 37 stages; 15 million lbs sand;
Look at line 3: only 935,592 gallons of water -- less than a million gallons. Fracks these days are generally 10 million gallons of water. Again, I've never see FracFocus make a mistake.

NOW .... a little bit more to add to the mystery. A normal frac (for a long lateral) takes about ten days, certainly not less than three or four days for a long lateral, but look at this:

For #33120 with less than a million gallons of water, only two days for the frack:
For #33121 with the more "normal" ten million gallons of water, ten days for the frack:

I am eagerly looking forward to the file report for the Mountain Gap wells when they come off the confidential list.

More On DUCs In The Bakken -- June 29, 2018

See this update regarding North Dakota DUCs.

In that post, I referenced this Bloomberg article, from June 19, 2018 -- OPEC has a second shale dilemma (previously posted/linked) but did not include the graphic.
The Bakken’s recovery partly reflects producers working off a backlog of drilled but uncompleted wells (or DUCs, as they’re called). Exploration and production firms can choose not to frack a well that’s already drilled when oil prices are low, in order to save money. In the depths of the crash, Bakken producers’ backlog of uncompleted wells blew out to almost two years’ worth. That has plunged to under seven months:


This is the first time I've seen this metric: "months of inventory" with regard to DUCs. I'm not sure what that means. One would assume it is related to number of frack teams available, or the historical number of DUCs that are reported completed each month. I don't know.

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Artist At Work

Four-year-old Sophia hard at work at TutorTime.

Mountain Gap -- It's Getting Exciting -- Did CLR Just Set A Bakken Record? June 29, 2018

Updates

Later, 2:51 p.m. CDT: did CLR just set a Bakken record? We'll know when it comes off confidential list but right now:
  • 33121, conf, CLR, Mountain Gap 8-10H1, API 33-025-03237, producing but still confidential; we don't know the number of days of production in 5/18 (I assume a full month); and we don't know how much natural gas produced:
DateOil RunsMCF Sold
6-20181775918794
5-2018700990
4-201886860
3-20184060
2-20181060
  • 33120, conf, CLR, Mountain Gap 7-10H, API 33-025-03236, huge production; 80K+ in first month of unconstrained production; 50,940 mcf = 8,500 boe. Plus the 84,474 = 92,962 boe in first month of unconstrained production:
DateOil RunsMCF Sold
6-20183238133637
5-20188447450940
4-201876580
3-20183170
2-20181230
 
Original Post
 
I'll add the links later, but for now this note from a reader who is following the Mountain Gap wells closely:

Only access I have to allow me to see Mountain Gap 31-10H production for May shows a nice 17-day bump. File 17100. All other files in this 1280-drillion unit appear confidential.

Again, I will complete this post later, but look at the production profile for this well:
  • 17100, 240, CLR, Mountain Gap 31-10H, Rattlesnake Point, t6/08; cum 123K 5/18; 
  • original frack, May 30, 2008; open hole, 1.1 million lbs sand;
  • more recently, 17 days of 26,682 production extrapolates to 47,000 bbls over 30 days; API 33-025-00734; according to FracFocus, this well was fracked in Jan/Feb, 2018 (recently); 9.97 million lbs of water, but look at this:
  • water: 70.797%
  • sand: 11.85%
  • produced brine water: 4.85%
    • those percentages add up to 87.49%
    • I can't account for the other 12%
    • the chemical cocktail is very, very small, maybe a percent or two
Monthly production updated (as of 4/18, back on confidential list):

DateOil RunsMCF Sold
6-20185271352886
5-20182641021100
4-20186940


Recent monthly production (prior to going back on confidential list):
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20181726682264103645028245211007145
BAKKEN4-201856946945436137901379
BAKKEN3-20180000000
BAKKEN2-20180000000
BAKKEN1-20180000000
BAKKEN12-20170000000
BAKKEN11-20170000000
BAKKEN10-20170000000
BAKKEN9-20170000000
BAKKEN8-20170000000
BAKKEN7-20170000000
BAKKEN6-2017221712403388880
BAKKEN5-201731296239371221166
BAKKEN4-2017302672315713712215
BAKKEN3-2017312992294818116813
BAKKEN2-2017282824605318317211
BAKKEN1-2017313272243021519619
BAKKEN12-2016293014457225620947
BAKKEN11-2016303184535523222012
BAKKEN10-2016313472226032125665
BAKKEN9-2016304224494838530085
BAKKEN8-20163147822450453181272
BAKKEN7-2016316106567060840568
BAKKEN6-2016304454408046556409
BAKKEN5-2016314044566838154327


Initial production data:
BAKKEN2-20092820462103247196219620
BAKKEN1-20093123882902270208520850
BAKKEN12-20083126452442285143014300
BAKKEN11-20082830423128407341634160
BAKKEN10-20083040063566101936453046599
BAKKEN9-2008252005229118717261545181
BAKKEN8-2008313844364352734843319165
BAKKEN7-20083139694095104330202952725
BAKKEN6-200830591456482002390303903
BAKKEN5-20083116002305000