Tuesday, July 21, 2020

Whiting With Two New Permits: MRO Reports Two Huge DUCs -- July 21, 2020

EU stimulus package: close, but no cigar. $572 billion. Won't be nearly enough. "Green" focused. Really, really bad news. For the EU. LOL.

WTI: up 2.82%; up over a buck; trading at $41.96 and, then, a speed bump -- large, and again (how many times have we heard this?), an unexpected crude oil build. The API consensus, predicted an inventory draw of almost 2 million bbls. In fact a whopping increase in crude oil inventories: 7.5 million bbls. If they were basing their estimate on the declining number of rigs, it sort of expalins how they missed the number.

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Back to the Bakken

ICYMI: Tesoro High Plains Pipeline shutdown; failed to obtain lease through reservation. Affects MRO / Marathon refinery in Mandan; posted earlier.

Active rigs:
 
$41.967/21/202007/21/201907/21/201807/21/201707/21/2016
Active Rigs1155675931

Two new permits, #37729 - #37730, inclusive:
  • Operator: Whiting
  • Field: Sanish (Mountrail)
  • Comments: 
    • Whiting has two new permits 
      • Foreman Federal, lot 3 section 4-152-92, 565 FNL 1665 FWL, Sanish oil field,
      • Pennington, lot 1 section 4-152-92, 451 FNL 846 FEL, Sanish oil field
Four producing wells (DUCs) reported as completed:
  • 35891, conf, Whiting, Sondrol 11-29H, Pembroke, producing, a 23K month;
  • 35892, SI/A, Whiting, Rauser 11-29H, Pembroke, t--; cum 83K in 3.5 months; a 29K month;
  • 34601, drl/A, MRO, Salveson USA 24-21H, Reunion Bay, t--; cum 170K 3.5 months; a 54K month;
  • 34602, drl/A, MRO, Gerhardt USA 14-21H, Reunion Bay, t--; cum 145K 3 months; a 56K month;
Three permits renewed:
  • Petroshale: two Anderson South permits, and one Petroshale US permit, all in McKenzie County;
Two permits canceled:
  • Petro-Hunt: two Eric Stratton Federal permits in McKenzie County
Dry hole:
  • 34677, dry, EOG, Clarks Creek 65-07H, McKenzie County
Producers now abandoned: 8, of interest:
  • 10103, Liberty Resources, Iverson State A 1,  
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Additional Information Regarding Some Of The Wells Above

The wells:
  • 10103, PA/32, Liberty Resources, Iverson State A 1, Glass Bluff, t1/185; cum 13K 7/93; last produced in 1993; very erratic production for years; 
  • 34677, dry, EOG, Clarks Creek 65-07H, McKenzie County, from the file report:
    • spud December 25, 2020 (sic) (must have been 2019)
    • KOP: 0700 hours, January 11, 2020
    • curve began at 1730 hours January 11, 2020
    • curve TD reaced at 0600 hours January 12, 2020
    • lateral 
    • begun at 0130 hours, January 15, 2020
    • abandoned at 14,226' MD on 1/16/2020 due to lower shale strike 
  • 34601, drl/A, MRO, Salveson USA 24-21H, 33-061-04204; Reunion Bay, t--; cum 170K 3.5 months; a 54K month; fracked 1/12/2020 - 1/26/2020, 8.3 million gallons of water; 99.99965% water by mass;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203135603356452001752348050209
BAKKEN4-20203053827538954543765539062381
BAKKEN3-20202946754468204499052231049489
BAKKEN2-2020153399833589659744019303821
  • 34602, drl/A, MRO, Gerhardt USA 14-21H, 33-061-04205; Reunion Bay, t--; cum 145K 3 months; a 56K month; fracked 1/12/2020 - 2/10/2020; 7.7 million gallons of water; all water?
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203131310313521638543477041605
BAKKEN4-20203048352485153931058332055495
BAKKEN3-20203055850555494331259891056616
BAKKEN2-20205903889298337903008507

FracFocus, screenshots:

34601:

34602:


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