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:
$41.96 | 7/21/2020 | 07/21/2019 | 07/21/2018 | 07/21/2017 | 07/21/2016 |
---|---|---|---|---|---|
Active Rigs | 11 | 55 | 67 | 59 | 31 |
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
- 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;
- Petroshale: two Anderson South permits, and one Petroshale US permit, all in McKenzie County;
- Petro-Hunt: two Eric Stratton Federal permits in McKenzie County
- 34677, dry, EOG, Clarks Creek 65-07H, McKenzie County
- 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;
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 5-2020 | 31 | 35603 | 35645 | 20017 | 52348 | 0 | 50209 |
BAKKEN | 4-2020 | 30 | 53827 | 53895 | 45437 | 65539 | 0 | 62381 |
BAKKEN | 3-2020 | 29 | 46754 | 46820 | 44990 | 52231 | 0 | 49489 |
BAKKEN | 2-2020 | 15 | 33998 | 33589 | 65974 | 40193 | 0 | 3821 |
- 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?
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 5-2020 | 31 | 31310 | 31352 | 16385 | 43477 | 0 | 41605 |
BAKKEN | 4-2020 | 30 | 48352 | 48515 | 39310 | 58332 | 0 | 55495 |
BAKKEN | 3-2020 | 30 | 55850 | 55549 | 43312 | 59891 | 0 | 56616 |
BAKKEN | 2-2020 | 5 | 9038 | 8929 | 8337 | 9030 | 0 | 8507 |
FracFocus, screenshots:
34601:
34602:
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