Friday, May 1, 2020

MRO Reports Another Huge Well In Reunion Bay -- May 1, 2020

I mentioned this a month or so ago: it's going to be hard to keep track of wells coming off the confidential list or DUCs that don't report an IP -- see sidebar at the right.

Another example. When this well came off the confidential list, no IP was reported, but it was reported as being on DRL status:
  • 34600, drl, MRO, Verne USA 24-21TFH, Reunion Bay, 
We now have production data but no IP; it is still on drl status:
  • 34600, drl, MRO, Verne USA 24-21TFH, Reunion Bay, t--; cum 80K in 45 days:
Production, that 45K over 16 days extrapolates to 83,768 bbls in a 30-day month:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20202934302345934524037114034797
BAKKEN2-20201645219446765899545660042648

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The Recipe Page: Grilled Artichokes

Link here

Three key steps:
  • prepare herb-infused olive oil
  • prepare and steam the artichokes
  • grill


Production Data For A "New" Oasis Joplin Well Now Available -- May 1, 2020

I mentioned this a month or so ago: it's going to be hard to keep track of wells coming off the confidential list or DUCs that don't report an IP -- see sidebar at the right.

Another example. This well was another DUC that when "reported as completed," did not report an IP or any production. 
  • 35697, drl, Oasis, Joplin 5397 42-32 9B, Banks, t--; cum --
Now, we have production data, but no IP:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-20202931009309933153273996728551069

Production Data For A "New" CLR Wahpeton Well Now Available -- May 1, 2020

I mentioned this a month or so ago: it's going to be hard to keep track of wells coming off the confidential list or DUCs that don't report an IP -- see sidebar at the right:

Here's a great example. On March 26, 2020, this well was a DUC reported as being completed, but no IP provided:
  • 35914, SI/A, CLR, Wahpeton 16-16H1, Banks, t--; cum --; fracked 12/6/19 - 12/17/19; 7.1 million lbs; 88.42% water by mass; friction reduction, 0.06511;
So, just on a whim, I checked the status of this well. The status: unchanged; still listed as SI/A. However, we now have some production data, and it looks like a great well. Note that all natural gas was sold in March, 2020. The Wahpeton wells are traced here:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20203142567430034023566283662830
BAKKEN2-202071787417185146302308922139950
BAKKEN1-2020311711722187580758

WPX With Two New Permits; Five DUCs Reported But Most Remain In DRL/A Status -- May 1, 2020

OPEC basket: $14.36. Link here.

Canadian dollar: came close to 70 US cents.


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Back to the Bakken
 
Active rigs: pending

$19.695/1/202005/01/201905/01/201805/01/201705/01/2016
Active Rigs3065614929

Two new permits, #37547 - #37548, inclusive --
  • Operator: WPX
  • Field: Squaw Creek
  • Comments:
    • WPX has permits for two Appaloosa wells in NWNE 17-149-94, Squaw Creek oil field
Five producing wells (DUCs) reported as completed:
  • 36502, drl/A, WPX, Skunk Creek 1-12HW, South Fork, t--; cum 54K in 81 days;
  • 36261, drl/A, WPX, Mandaree Warrior 14-11HA, Squaw Creek, t--; cum 21K in 40 days;
  • 36775, conf, Whiting, Iverson 11-14HU, Sanish, 
  • 36260, drl/A, WPX, Mandaree Warrior 14-11HX, Squaw Creek, t--; cum --;
  • 36463, drl/A, WPX, Mandaree Warrior 14-11HUL, Mandaree, t--; cum --;

Nine Point Energy WIth An 80-Stage Frack On The Fringe -- May 1, 2020

The well:
  • 36155, 983, Nine Point Energy, S Missouri 152-103-9-11-10H, Eightmile, t11/19; cum 97K in less than five months; 80 stages; 13.0 million lbs (11.6 million lbs 100 mesh and 1.4 million lbs "Super LC 30/50"); 
Eigthtmile is Tier 2, maybe tier 3.

See completion strategies at sidebar at the right. 

Production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20202819982196125589826359026359
BAKKEN2-20202712408125123661313415013415
BAKKEN1-20203118163182535692824050024050
BAKKEN12-20193128579296977234132286032286
BAKKEN11-20192418117166055855511698011698

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The Geography Page

European sun-worshipers, especially British, French, and Spanish would know these islands wells, but until today, I never paid them any attention, the Balearic Islands: Majorca, Mallorca, Ibiza, and Formentera.

See goldfinger.

US Crude Oil And Natural Gas Production, February, 2020, Data -- EIA

See first comment at this link: the EIA 914 was posted yesterday for February, 2020, data. Link here.
  • EIA 914 out yesterday. FEB data.
  • US up +87,000 bopd
  • crude oil, major plays:
    • GOM, back over 2 MM bopd; see first comment;
    • ND back over 1.4 MM bopd;
    • NM, close to 1.1 M bopd, now; see first comment;
    • OK, back over 550 M bopd.
    • KY (very small production, probably some data collection or seasonal production issue)
    • CO was down a fair amount;
    • TX close to flat (down slightly).
  • On that natural gas side, 
    • ND popped back over 3 BCF/d;
    • TX and PA are still nosing around near iconic records, at just under 30 and 20 BCF/d, respectively
    • overall US natural gas production was down a bit...makes sense given how miserable nat gas prices have been.
This will be linked over at the "Permian or the Bakken, WTI Beatdown" at the sidebar at the right.

California: perhaps the most interesting data point in the February EIA data -- the California production data. There are eight states (and the Gulf of Mexico) that account for most of the crude oil produced in the US. Of the eight states, California:
  • comes in at 7th place, just slightly behind Alaska and well ahead of Wyoming
  • had the largest percentage drop in crude oil production, year-over year
  • in fact, it was one of the very, very few states that had a drop in production, year-over-year; and,
  • it should be noted, California is the poster child for expensive gasoline among the lower 48, and relies heaving on oil from Saudi Arabia;
Link here.


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Trump And Imported Oil

The fact that the Trump administration has taken no action on this issue yet (Saudi Arabia "dumping" oil on the global economy below cost) suggests to me that Trump sees this as a "wash." The big loser: Iran. Saudi Arabia and Russia certainly aren't going to do well with $20 oil.

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Touchless Massage

A reader reminded me of this episode of Big Bang Theory

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Can't Give It Up

Meghan still using "Sussex Royal" after the Queen banned it, and Harry said they would quit using it. Hypocrites.

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Can't Get Him Signed

Dak Prescott still not signed.

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I Said This Months Ago
(Okay, Maybe A Month Ago)

The most ill-named government agency.

Link here

Notes From All Over, Mid-Morning Friday Edition -- Absolutely Nothing About Energy Or Viruses -- May 1, 2020

A very, very nice response to the 2019 study that suggested that North American has experienced a cumulative loss of 2.9 billion birds since 1970. It is purely coincidental, of course, that this article was posted at the same time the current issue of National Geographic is bemoaning the loss of so many insects.


National Geographic carries little credibility with me any ever since the cover photo of the Statue of Liberty under water. That's when I ended my own subscription of the magazine. However, I continue to subscribe to it for the granddaughters. It comes to their house, under their name. But it appears they don't read it much any more -- mostly because they just have too many other things to do. So, I brought the current issue home with me to share with Sophia.

We turned to the article on animal locomotion first. She immediately identified the various animals (giraffe, elephant, cheetah) based on skeletal drawings only. I was surprised how quickly she identified those three, but was completely amazed that she picked out the cheetah as the cheetah. I do not recall studying the cheetah with her. I wonder if the cheetah is featured in Lion King or one of the other videos she watches. I forgot to ask. She would have told me. She is very, very observant and has a great memory, like most kids her age. What a great time to be alive.

We then moved on to the insect article, looking at the incredible photographs of the insects.

I read the article rather quickly. The one data point that struck out at me was the number of bugs that decreased in number due to man's effort to rid the world of some really, really nasty diseases. The author did not point that out -- of if it was pointed out, I missed it; if so, the author apparently did not want to "go there."

I had difficulty understanding why National Geographic would include a 20-page article on autism in this issue until I read the background of the author.

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Speaking Of Birds

A reader sent me two incredible photos of a horned owl nesting atop a Saguaro cactus. Zoom in on the second photo to see the baby owl -- look for an eye and "an extra wing," as the reader said.



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Dark-Eyed Juncos

Back to that PowerLine article linked above. This is really, really cool and an example of why spending time with a five-year-old is so awesome.

A year ago I had never recognized a dark-eyed junco. I never knew such a thing existed. But because of Sophia I have been feeding the birds in her backyard and having fun identifying them. The cardinals (adult male, adult female, and juvenile) remain my favorite; I tolerate the bluejays; but I am thrilled I am able to identify the dark-eyed junco. [I was even more thrilled to spot a screech owl in Sophia's back yard the other night. But that's a story for another time.]

From the PowerLine article:
White-throated sparrows and dark-eyed juncos quickly colonize forest openings but then disappear within a few years as the forest recovers.
Those two species alone accounted for the loss of another quarter of a billion birds; not because of an ecosystem collapse, but because forests were reclaiming human altered habitat. Nonetheless those species are still 400 million strong, and juncos remain abundant in the open habitat maintained by suburban back yards. If environmentalists want to reclaim the abundance of their boom years, they must manage forest openings with logging or prescribed burns.
Isn't that interesting that dark-eyed juncos quickly colonize forest openings but then disappear within a few years as the forest recovers? They certainly seem to be popular and abundant in our neck of the woods (pun intended). It appears urban forests are their cup of tea, as they say.

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The Apple Page

There have been any number of articles on Apple discounting its larger iPad models. Here's another one.

The wi-fi-only model is quickly becoming America's mobile computer device that each member of the family will have for use at home.

I have one of the more recent models. Sophia, five years old, loves it so much, I'm thinking of getting one just for her. In addition to my own newer model, I still have an old second generation iPad -- must be almost ten years old and still meets my limited needs when reading in bed. The second generation iPad was released in March, 2011. Yup, just about ten-years-old.

Seven Wells Coming Off Confidential List Today -- May 1, 2020

See first comment: the EIA 914 was posted yesterday for February, 2020, data. Link here.
  • EIA 914 out yesterday. FEB data.
  • US up +87,000 bopd
  • crude oil, major plays:
    • GOM, back over 2 MM bopd;
    • ND back over 1.4 MM bopd;
    • NM, close to 1.1 M bopd, now;
    • OK, back over 550 M bopd.
    • KY (very small production, probably some data collection or seasonal production issue)
    • CO was down a fair amount;
    • TX close to flat (down slightly).
  • On that natural gas side, 
    • ND popped back over 3 BCF/d;
    • TX and PA are still nosing around near iconic records, at just under 30 and 20 BCF/d, respectively
    • overall US natural gas production was down a bit...makes sense given how miserable nat gas prices have been.
OPEC basket: $14.36.

***************************************
Back to the Bakken

Active rigs:

$20.085/1/202005/01/201905/01/201805/01/201705/01/2016
Active Rigs3065614929

Seven wells coming off confidential list today --  

Friday, May 1, 2020: 7 for the month; 57 for the quarter, 293 for the year:
  • 37111, drl, Crescent Point Energy, CPEUSC Njos 8A-26-35-157N-100W TFH, Marmon, no production data,
  • 36155, 983, Nine Point Energy, S Missouri 152-103-9-11-10H, Eightmile, t11/19; cum 97K in less than five months; 80 stages; 13.0 million lbs (11.6 million lbs 100 mesh and 1.4 million lbs "Super LC 30/50");
  • 36091, drl, XTO, Krieger 42X-17DXA, Alkali Creek,
  • 35815, 2,462, Hess, EN-Weyrauch B-154-93-3031H-6, Robinson Lake, t11/19; cum 75K  2/20; 30 stages; 10 million lbs; Three Forks;
  • 35814, 3,949, Hess, EN-Weyrauch B-154-93-3031H-5, Robinson Lake, t10/19; cum 97K 2/20; 30 stages; 10 million lbs; Three Forks;
  • 35813, 3,389, Hess, EN-Weyrauch B-154-93-3031H-7, Robinson Lake, t10/19; cum 84K 2/20; 30 stages; 10 million lbs; middle Bakken;
  • 35812, 3,676, Hess, EN-Weyrauch B-154-93-3031H-8, Robinson Lake, t10/19; cum 98K 2/20; 30 stages; 10 million lbs; Three Forks;
RBN Energy: potential gas demand impacts of Alberta oil sands supply cuts.
Significantly reduced demand for crude oil by refineries is spurring production cuts in Alberta’s oil sands, and that could lead to a major decline in demand for Western Canadian natural gas. The oil sands are the single largest consumer of natural gas in Canada, accounting for more than half of the gas used in Alberta year-round and up to 37% of the gas used nationwide. With that kind of clout, anything that affects gas consumption in the oil sands is bound to have an outsized impact on the Alberta and overall Canadian natural gas markets. Today, we conclude our series on the effects of COVID-related disruptions on the Canadian natural gas market.

EOG Looking To Put Upwards Of 60 Wells In One 2560-Acre Drilling Unit -- May 1, 2020

From the May 28, 2020, NDIC hearing dockets, found on page 3 of 7.


Case, not permit:
  • 28486, Spotted Horn-Bakken, 61 wells on an existing 2560-acre spacing unit; sections 8/17/19/20-150-94, McKenzie County; 2560 acres / 61 = 42-acre spacing.