Saturday, October 19, 2019

Clearing Off The Desktop -- October 19, 2019

Should we start with the price of gasoline in California?


Natural gas inventories and "fill rate":



Schlumberger in deep trouble:


Flaring in the Bakken:



And, finally, rig count:

Random Look At A Mediocre MRO Well That Became A Huge Well -- October 19, 2019

Note: this well was drilled back in 2009; it had a very, very small initial production (see second spreadsheet below. Then five years later, in 2014, this very, very mediocre well had a huge jump in production and overnight went from a mediocre well to a great well.

The well:
  • 17771, 585, MRO, Jay Sandstrom USA 34-31H, Reunion Bay, t3/09; cum 518K 8/19;
Period of interest:

BAKKEN4-201523716172412330797852351844
BAKKEN3-2015309506954330851208395231375
BAKKEN2-201528107151063536581174591401291
BAKKEN1-20153113103131454340114077009120
BAKKEN12-2014311579515865533013411117310364
BAKKEN11-201430184761883964811611899112974
BAKKEN10-2014312708627028103522319623519851
BAKKEN9-201426174711742189301379079243872
BAKKEN8-20143121192208961023317698105774667
BAKKEN7-2014131277212746571090309460
BAKKEN6-20141142021190104
BAKKEN5-20140000000
BAKKEN4-20141189014591428250665
BAKKEN3-2014312724221147530301867696
BAKKEN2-2014281949203039522261729113
BAKKEN1-201431162914242231325772223
BAKKEN12-2013144664762711711773
BAKKEN11-201319111411211691348934301
BAKKEN10-2013311876217625620741755133

Drilled back in 2009, this was the initial production for this well:
BAKKEN8-20093146504712615445504455
BAKKEN7-20093154195681722518705187
BAKKEN6-20092844694446753429704297
BAKKEN5-20093150304860698479304793
BAKKEN4-20092957615662877551605516
BAKKEN3-200931935592232285843908439
BAKKEN2-20095297525371627252902529

A Busy, Busy Reunion Bay Field -- October 19, 2019

A busy, busy field.


The wells:
34598, conf,
34602, conf,
34599, conf,
34601, conf,
34600, conf,

16778, 354, MRO, Jack Pennington 21-28H, Reunion Bay, t8/08; cum 561K 8/19; jump in production, 5/17;

31849, 2,470, MRO, Ronald 34-33TFH-2B, Reunion Bay, t2/17; cum 128K 8/19;
30511, 2,474, MRO, Goldberg USA 24-33TFH, Reunion Bay, t2/17; cum 253K 8/19;
30512, 3,255, MRO, Gaynor 34H, Reunion Bay, t2/17; cum 392K 8/19;
30513, 2,830, MRO, Anton34-33TFH, Reunion Bay, t2/17; cum 268K 8/19;

36847, drl,
36846, drl,
17966, 358, MRO, Jack Pennington 34-21H, Reunion Bay, t6/09; cum 434K 8/19;
36845, drl,
36844, drl,

36661, drl,
20122, 1,163, MRO, Skogstad 41-28H, Reunion Bay, t8/11; cum 405K 8/19; big jump 4/17;
36662, drl,
36663, drl,


19834,34598, MRO, Jacob Madison 11-27H, Reunion Bay, t8/11; cum 350K 8/19;

36788, drl,
36789, drl,

CLR's State Weydahl And Brandvik Wells In Corral Creek Updated -- Huge Wells In All Three Formations: MB, TF1, TF2 -- October 19, 2019

Link here.

Random Update Of MRO's Wells In Section 14-151-94, Reunion Bay -- OCtober 19, 2019

Huge second bench, Three Forks wells.

At the site, note this huge jump in production, middle Bakken well, previously posted:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-2019318549862647661152932447339
BAKKEN7-201931116461154966461564177666466
BAKKEN6-201930111151107864041502164777296
BAKKEN5-2019311079910816642415031345410567
BAKKEN4-2019301120911185736814264252410685
BAKKEN3-20193112821128051260616243387011348
BAKKEN2-20192813030130351838818162549511691
BAKKEN1-2019311384413820319631558954899150
BAKKEN12-2018136870680218265660733212866
BAKKEN11-201814034395864034375
BAKKEN10-201883648360815270493904727

The well:
  • 19514, 527, MRO, Jones USA 14-14H, Reunion Bay, t4/11; cum 628K 8/19; 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:

Update On Proposed "Bridger Expansion" -- Huge Non-Canadian Keystone XL Competitor -- Won't Touch Nebraska -- October 19, 2019

From the Bismarck Tribune:
  • will entail building two separate oil pipelines
  • one straddling North Dakota and Montan
  • another in Wyoming
  • 16-inch North-Dakota pipeline will be called the "South Bend" 
    • 150,000 bopd from Johnsons Corner in McKenzie County to Baker, MT
    • will extend for 137 miles across the two states (ND and MT)
  • Wyoming line will be known as the "Equality" line
    • 200,000 bopd; from Hulett, WY, to Guernsey, WY
    • will enter the national system, including the proposed Liberty Line
  • Liberty Line: a separate project by Bridger and Philips 66 that's slated to run to Cushing, OK
  • does this look like a direct non-Canadian competitor to the Keystone XL?

Week 42: October 13, 2019 -- October 19, 2019

Top international non-energy story:
  • President Trump pulls 28 (maybe 50) troops out of Syria and the world goes bonkers
Top international energy story:
Top national non-energy story:

Top national every story:
Top North Dakota non-energy story:
Top North Dakota energy story:
Geoff Simon's top North Dakota Energy stories:
  • North Dakota sets new all-time oil and natural gas production record
  • Company want to develop salt caverns; storage would support petro-chemical industry
  • Progress on new Long X bridge
  • Bridger pipeline expansion
  • District 8 votes to build new high school
  • Drone fleet getting ready for takeoff in northwestern North Dakota
  • Reader's Digest: Watford City -- nicest place in North Dakota"
  • US shale output nears 9 million bopd with the Permian and the Bakken leading the way
Operations:
Incredible wells:
Fracking:
Bakken economy:
Commentary:

I'm Here But Blogging On The Bakken Will Be Delayed -- October 19, 2019

It is such an incredibly beautiful day here in north Texas and I have so much stuff going on, I'm not going to blog about the Bakken until later.

But, wow. Scroll down through yesterday's posts and look at the incredible wells that are being reported.

Good luck to all.

This week in pictures