Tuesday, October 20, 2020

A BR Croff TFH Wells Goes Over 500K Bbls Cumulative -- October 20, 2020

The well:

  • 33153, 524, BR, Croff 6-1-2 UTFH, Croff, t11/17; cum 546K 8/20;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20200000000
BAKKEN7-20200000000
BAKKEN6-20200000000
BAKKEN5-2020001950000
BAKKEN4-2020251704917109923326333258390
BAKKEN3-202030156311542972171878618177297
BAKKEN2-20206273827881391386937060
BAKKEN1-2020288823872533591176798541464
BAKKEN12-20191450149727813219350
BAKKEN11-201965488724262000
BAKKEN10-2019194263426625351294474885297
BAKKEN9-201983453344920671099584632371
BAKKEN8-20191154915604281414106106143215
BAKKEN7-201931155261557071695015849463456
BAKKEN6-2019301942319491845750796473253222
BAKKEN5-201931272492705913152500963313416641
BAKKEN4-2019161302513068558725339642218655
BAKKEN3-20192814124142233541282161773810156
BAKKEN2-2019281788317833666122252220450
BAKKEN1-2019312561025612848626890266060
BAKKEN12-2018222072220744616720191199130
BAKKEN11-2018302918529199928829616295180
BAKKEN10-2018312848328621905030685305900
BAKKEN9-2018302660926436909631922316690
BAKKEN8-20183130223303111141043408433060
BAKKEN7-20183125517254231164844154440590
BAKKEN6-20183028596286601219843158430670
BAKKEN5-20183128517285051334943199430920
BAKKEN4-20183027733276931056042607424420
BAKKEN3-20183123679235971014138413383150
BAKKEN2-2018272072620773888728207280720
BAKKEN1-20182827990280551036911310112110
BAKKEN12-201782372723680733632348322520
BAKKEN11-20171133831323034231369612655958
BAKKEN10-20170000000

Posted by at
Labels:

4 comments:

  1. AnonymousOctober 20, 2020 at 8:31 PM

    Interesting investor call with Scott Sheffield of Pioneer. He said the last 4 investable US independents, above $10B market cap would be PXD, EOG, COP, and HES.

    FWIW, I checked several stocks like DVN, CLR, APA, MRO, and they were all below $10B. (OXY is slightly above, still.)

    ReplyDelete
    Replies
    1. Bruce OksolOctober 20, 2020 at 8:39 PM

      Very, very nice note. Thank you. Yes, economy of scale -- $10 billion seems to be the break point.

      Maybe for the wrong reasons, but I keep thinking CLR is going to do something one way or the other, get bought out or buy something.

      Amazing to see COP in that mix of HES, PXD, and EOG.

      That reminds me: I have forgotten to post that PXD will buy Parsley: https://www.wsj.com/articles/pioneer-natural-resources-to-buy-parsley-energy-for-4-5-billion-11603224139.

      Delete
  2. AnonymousOctober 20, 2020 at 9:06 PM

    They are a little strange, given the ownership situation. I don't see them buying anything given oil prices and their own debt problems. I'm not sure who would want to buy them but I guess HES or XOM might make sense in terms of still having interest in Bakken. They'd pick up the OK assets too of course, which gives no synergies, but they are decent assets.

    The biggest problem is the debt load for CLR. Assets are decent. Debt is kind of a big pill hiding inside the hamburger though.

    One idea might be some sort of merger of equals with MRO. But I'm not sure MRO would step aside for Hamm and not sure he would be OK with MRO running things. But very nice match in OK and ND. But neither has the horsepower for a cash offer.

    ReplyDelete
    Replies
    1. Bruce OksolOctober 20, 2020 at 9:12 PM

      Agree completely. I keep forgetting CLR's debt. You are correct. I'm looking at it from an "irrational" point of view -- I just keep looking at Harold Hamm's personality and think that he's looking for one last "hurrah" before he calls it a day.

      Delete

Subscribe to: Post Comments (Atom)