Damn The Torpedoes, Full Speed Ahead -- CLR -- February 5, 2020

Updates

April 11, 2022: production updates. 

March 17, 2021: the Gordon Federal pad, "today":

February 22, 2021: yesterday I noted a number of Gordon Federal permits "expired." Tonight I noted on the daily activity report that four of those "expired" permits were renewed.

Original Post

CLR has just renewed twelve Gordon Federal permits.

Some observations.

First: note all the "white space." Lots and lots of work that needs to be done in the Bakken. In addition, most of those horizontals in the graphics below were completed using "old" completion strategies. These wells will all be re-fracked and/or re-drilled/re-fracked.

Certainly the interest for twelve more Gordon Federal wells is not in one tiny sweet spot surrounded by a dearth of oil in neighboring sections.

I don't follow the Permian, but what little I read suggests operators are still being challenged by the size of drilling units in the Permian, and are still flummoxed by the optimum spacing. From what I see, and I follow it pretty closely, it appears operators in the Bakken have solved one of the issues; and, having little trouble with the other issue.

Again: the ovals highlight all the "white space." Lots of work yet to be done in the Bakken. In most of the Bakken, the minimum number of wells in any 1280-acre drilling unit: eighteen wells. But it may be decades before we get to that density. Eighteen wells: middle Bakken; Three Forks, 1st bench; Three Forks; deeper benches; Sanish in some areas. When I first started blogging, I said that if a mineral owner had one well, that mineral owner would eventually have four wells, probably eight wells; possible twelve wells, and maybe many, many more than that.

Currently: seven horizontals shown. Two huge pads being developed. Only two formations are being targeted, right now.

12-well pad:

11-well pad:

The wells:

• 16683, 224, CLR, Federal Jorgenson 14-5H, Haystack Butte, t12/07; cum 70K 11/19;

• 36107, loc-->EXP-->renewed, CLR, Gordon Federal 1-5H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; renewed February 22, 2021; see this note;
• 36106, loc-->EXP-->renewed, , CLR, Gordon Federal 2-5H1, Haystack Butte, 2560-acre; 4/5/8/9-148-87; Three Forks B1; enewed February 22, 2021; see this note;
• 36105, loc-->EXP, CLR, Gordon Federal 3-5H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; see this note;
• 36104, loc-->EXP-->renewed, CLR, Gordon Federal 4-5H1, Haystack Butte, 2560-acre; 4/5/8/9-148-87; Three Forks B1; renewed February 22, 2021; see this note;
• 36103, loc-->EXP-->renewed, CLR, Gordon Federal 5-5H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; renewed February 22, 2021; see this note;
• 36102, loc-->EXP, CLR, Gordon Federal 6-5H1, Haystack Butte, 2560-acre; 4/5/8/9-148-87; Three Forks B1; first production, 10/21; t--; cum 112K 2/22; see this note;
• 36101, loc-->EXP-->loc, CLR, Gordon Federal 7-5H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; bottom hole, 4-148-97; see this note;
• 36100, loc-->EXP-->PNC, CLR, Gordon Federal 8-5H1, Haystack Butte, 2560-acre; 4/5/8/9-148-87; Three Forks B1; first production, 10/21; t--; cum 63K 2/22; see this note;
  
• 36099, 2,022, CLR, Gordon Federal 9-5H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; 9.94 million lbs proppant, 37 stages; first production, 11/20; t--; cum 106K 1/21; cum 187K 2/22;
  
• 36098, 2,055, CLR, Gordon Federal 10-5H1, Haystack Butte, 2560-acre; 4/5/8/9-148-87; Three Forks B1; producing; big well; 9.97 million lbs proppant; 37 stages; first production, 11/20; t--; cum 89K 1/21; cum 200K 2/22;
  
• 36097, l,502, CLR, Gordon Federal 11-5H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; producing; nice well; 9.98 million lbs proppant; 37 stages; first production, 11/20; t--; cum 84K 1/21; cum 199K 2/22;
  
• 36096, 2,117/F/A, CLR, Gordon Federal 12-5H1, Haystack Butte, first production, 11/20; t--; cum 76K 1/21; fracked, 3/1/20 - 3/9/20; 8.4 million gallons of water; 87.4% water by mass; 37 stages; target: Three Forks first bench; within CLR's Rocket prospect; cum 241K 2/22;
  

• 36054, 2,419/F/A, CLR, Gordon Federal 13-8H, Haystack Butte, 2560-acre; 4/5/8/9-148-87; middle Bakken; spud, July 30, 2019; cease drilling, October 16, 2019; bottom hole, 9-148-97; 9.7 million lbs proppants; 36 stages; first production, 11/20; t--; cum 78K 12/20; cum 235K 2/22;
  
• 36055, 1,893/F/A, CLR, Gordon Federal 14-8H1, 33-025-03678, Haystack Butte, first production, 11/20; t--; cum 51K 1/21; 9.99 million lbs proppant; 37 stages; thirteen hours to build the curve; four days to drill the lateral; Three Forks B1 at 11,626' MD; cum 181K 2/22;
  
• 36056, 1,907/F/A, CLR, Gordon Federal 15-8H, 33-025-03679, Haystack Butte, first production, 11/20; t--; cum 100 1/21; 10.07 million lbs proppant; 37 stages; fifteen hours to drill the curve; three days to drill the lateral; cum 269K 2/22;
  
• 36057, loc, CLR, Gordon Federal 16-5H1, Haystack Butte,
• 36058, loc, CLR, Gordon Federal 17-8H, Haystack Butte,
• 36059, loc, CLR, Gordon Federal 18-5H1, Haystack Butte,
• 36060, loc, CLR, Gordon Federal 19-8H, Haystack Butte,
• 36061, loc, CLR, Gordon Federal 20-5H1, Haystack Butte,
• 36062, loc, CLR, Gordon Federal 21-8H, Haystack Butte,
• 36063, loc, CLR, Gordon Federal 22-5H1, Haystack Butte,
• 36064, loc, CLR, Gordon Federal 23-8H, Haystack Butte,