Friday, May 8, 2020

Three Spectacular EOG Clarks Creek Wells Updated -- May 8, 2020

The wells. It's possible these wells have been updated and already posted, but in case they have not, I don't want their initial production data overlooked:
  • 36413, 2,058, EOG, Clarks Creek 106-0724H, 41 stages; 21.8 million lbs; middle Bakken, Clarks Creek t9/19, cum 350K 3/20;
  • 36415, 3,519, EOG, Clarks Creek 18-0719H, 40 stages; 14.1 million lbs; Clarks Creek,  t9/19; cum 315K 3/20;
  • 36416, 2,859, EOG, Clarks Creek 105-0719H, 40 stages; 19.5 million lbs; Clarks Creek; t9/19; cum 264K 3/20;
 Production:
  • 36413:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20203125775257801635396679961850
BAKKEN2-20202932844328661817697491970270
BAKKEN1-20202929256292331726759618591960
BAKKEN12-2019316015860322284181726861721900
BAKKEN11-2019307388473804316651261121221693465
BAKKEN10-20193175609758553321798248896238132
BAKKEN9-20192452481518322509974168683074930
  • 36415: 87,186 bbls over 24 days extrapolates to 108,983 bbls in a 30-day month:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-2020311501115055139053798134920170
BAKKEN2-20202917737177691633463111576112633
BAKKEN1-20203125241252092120669626641342209
BAKKEN12-20193138081381212725590559789408548
BAKKEN11-20192948272485553610383496796162258
BAKKEN10-201931836398346455098103234935168480
BAKKEN9-2019248718686854494631166431041747502
  • 36416, 67,207 bbls over 24 days extrapolates to 84,000 bbls in a 30-day month:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-2020311445714496122974554543562212
BAKKEN2-20202916856168851342364422599122738
BAKKEN1-20203123708236541668463891598012060
BAKKEN12-20193130805308392004250132429164647
BAKKEN11-20192739485397372938395185922882621
BAKKEN10-201931717907161146157105252964488764
BAKKEN9-20192467207669514012397464877636335

Initial Production For Three New EOG Clarks Creek Wells -- September 19, 2019

This was supposed to have been posted last September, 2019, but somehow it got lost in the shuffle. The notes below refer to what we knew as of September 19, 2019, with the exception of the IP and updated production data.
Yesterday, I posted a note based on information from a reader. Below the fold is that note re-posted. At the time, I couldn't see the data because the wells were confidential. Today, a reader provided the "initial flowback data." Succinctly:
  • 36413, 2,058, EOG, Clarks Creek 106-0724H, Clarks Creek, casing pressure: 2,357 psi; choke 30 64th inch; oil in last hour: 111 bbls; oil in last 24 hours: 2,650 bbls; avg gas in last 24 hours: 140.375 mcf; t9/19; cum 350K 3/20;
  • 36415, 3,519, EOG, Clarks Creek 18-0719H, Clarks Creek, casing pressure: 1,622 psi; choke 48 64th inch; oil in last hour: 171 bbls; oil in last 24 hours: 4,433 bbls; avg gas in last 24 hours: 216.625 mcf; t9/19; cum 315K 3/20;
  • 36416, 2,859, EOG, Clarks Creek 105-0719H, Clarks Creek, casing pressure: 1,110 psi; choke 50 64th inch; oil in last hour: 137 bbls; oil in last 24 hours: 3,334 bbls; avg gas in last 24 hours: 166.708; t9/19; cum 264K 3/20;
Disclaimer: this came from the "source," but as usual, I do make factual and typographical errors. If this is important to you go to the "source.

**************************************
Spectacular EOG Wells

Re-posting:
The graphic:



From a reader, just moments ago:
One of the best wells EOG has had in a while. 3 well Pad. Currently completing the 45,46,47 well to the the north. The 47 well is also a Three Forks well. Side note about half the sand pumped is from the Asgard (spelling?) mine which is 30-35 miles east of Minot. 
The wells:
  • 36413, conf, EOG, Clarks Creek 106-0724H, Clarks Creek, no production data,
  • 36415, conf, EOG, Clarks Creek 18-0719H, Clarks Creek, no production data,
  • 36416, conf, EOG, Clarks Creek 105-0719H, Clarks Creek, no production data, 
So, we will have to wait and see.

Wow, I "love" my readers. Thank you so much for all you have taught me and alerted me to incredible Bakken stories.

Number Of Active Rigs In North Dakota Drops Below 20; Hess With One New Permit -- May 8, 2020

OPEC basket: $22.91 

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

Active rigs:

$24.745/8/202005/08/201905/08/201805/08/201705/08/2016
Active Rigs1964604927

One new permit, #37567 --
  • Operator: Hess
  • Field: Jim Creek (Dunn)
  • Comments: 
    • Hess a permit for an LK-Olson wells in SESW 29-145-96; Jim Creek oil field;
Twelve permits renewed:
  • Crescent Point Energy (5): five Chase Douglas permits in Williams County;
  • XTO (4): three Lawler permits in McKenzie County, and one Kenneth permit in Williams County;
  • Whiting (2): one Kessel permit in Stark County, and one Kaden TTT permit in Mountrail County;
  • Equinor: a Marcia permit in Williams County;
Approved for "confidential status":
  • two CLR Bohmbach Federal wells;
  • one CLR Hostein Federal well; and, 
  • one Marshall well;
Three permits canceled:
  • QEP: three MHA permits in McKenzie County
Change in target:
  • Equinor is changing target from Three Forks to middle Bakken for three Pyramid wells in Williams County;
 

The Bakken Never Ceases To Amaze Me -- Drill, Frack; Re-Frack; Repeat -- May 8, 2020

The Veeder wells are tracked here

The well:
  • 19288, 984, BR, Veeder 14-24H, 33-053-03208, Blue Buttes, t4/11; cum 302K 3/20; not re-fracked according to FracFocus or the NDIC in 2017; huge jump 11/17; re-fracked in December, 2019; 8.7 million gallons of water; 86.2% water by mass;
Note recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-202031402493991415938556572700828572
BAKKEN2-202046677633832761100478503144
BAKKEN1-2020723423471304314140
BAKKEN12-201911772550200
BAKKEN11-20191100000
BAKKEN10-20191200000
BAKKEN9-20190000000
BAKKEN8-20190000000
BAKKEN7-20191717682256753373736950
BAKKEN6-201924267925881040401139510
BAKKEN5-201929252023691130365035780

***********

Production jump: from 3,000 to 40,000 bbls/month is a 13-fold jump in production.

The well was re-fracked December, 2019.

*********************************
Meanwhile

This well was not re-fracked:
  • 33043, 290, BR, Veeder 4B TFH, Blue Buttes, t8/17; cum 534K 3/20; huge jump in production; not re-fracked; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-2020261803718639968127241616821065
BAKKEN2-202085032427452731304168456179
BAKKEN1-2020271662463814311325101
BAKKEN12-20190000000
BAKKEN11-20190000000
BAKKEN10-20190000000
BAKKEN9-201900270000
BAKKEN8-2019375776637724651578883
BAKKEN7-2019616641782648599244731511
BAKKEN6-2019301097910948564036033291426863
BAKKEN5-2019311235012498841340940373223589

MRO's D-S-T Wells In Reunion Bay -- May 8, 2020

Three producing wells (DUCs) reported as completed:
  • 36661, drl/A, MRO, Thoen 41-28H, Reunion Bay, t--; cum 128K in less than 3 months; north to south;
  • 36662, drl/A, MRO, Doven 11-25TFH, Reunion Bay, t--; cum 90K in less than 3 months; north to south;
  • 36663, drl/A, MRO, Sura USA 44-21TFH, Reunion Bay, t--; cum 130K in 3 months; south to north;
Neighboring wells to watch:
  • 20122, has been off line; just coming back into production, 3/20;
  • 19833, has been off line; just coming back into production, 3/20;
  • 19834, has been off line; just coming back into production, 3/20;
36661, middle Bakken:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20203140237399181974434210031519
BAKKEN2-20202839316394612919935143032489
BAKKEN1-20202648922485004242841750038449
  • 36662, Three Forks:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20203129598294093758730554028573
BAKKEN2-20202928179284413488827214025265
BAKKEN1-20202532195319024699932331030124
BAKKEN12-2019121800000
  • 36663, drl/A, MRO, Sura USA 44-21TFH, Reunion, t--; cum 130K over three months:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20203133748337193428938646036289
BAKKEN2-20202828988289163373331755029736
BAKKEN1-20202667565670308421871803067329

Notes From All Over, Mid-Morning Edition, Continued -- May 8, 2020

Oil rally petering out: OPEC basket at $22.91 today vs $22.40 today. Saudi Arabia cannot survive at $20-oil oil.

Canadian dollar, looking good, link here.

Weather: cold in north Texas. Twelve degrees below average today in north Texas.

Re-opening in north Texas: hair salons and barbershops allowed to re-open today. 

Zavanna Reports A Huge Well In Poe Field -- May 8, 2020

The well:
Production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-2020312438021622182532762026438720
BAKKEN2-20202931859279711978535409278707107
BAKKEN1-20203130264278052336950903113649305
BAKKEN12-20193144507420793566384402577978161
BAKKEN11-20191216076149982375931252031073

24696: Zavanna Usher -- Nice Jump In Production After Being Shut In For Almost A Year -- May 8, 2020

The well:
  • 24696, 1,502, Zavanna, Usher 28-21 1H, Poe, t1/18; cum 240K 2/20; runs south to north, sited in section 28; drilling unit, sections 28/21; see this post;
Production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20203112819115892988220333181661705
BAKKEN2-2020273129270217340475713694610193
BAKKEN1-2020101331172347602211904683
BAKKEN12-20190010000
BAKKEN11-201920040323000
BAKKEN10-20190000000
BAKKEN9-20190000000
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-20190000000
BAKKEN5-20190000000
BAKKEN4-2019731974391233465585755699
BAKKEN3-20192788568526776819386139051393
BAKKEN2-2019287944699086872091013770182

Farther to the east:
  • 25776, Equinor, taken off line for only a short period; comes back with nice jump in production;
  • 21034, Equinor, not taken off line; no change in production;

Notes From All Over, Mid-Morning Edition -- May 8, 2020

US weekly crude oil supply, in days, link here: new all-time record; at 41.9 days up from 41.0 days the previous report. "Norm" for the US is around 20 days of supply.

NDIC daily activity report for Thursday, now posted by the NDIC. Will update at this page.  Still with typographical errors I'm not used to seeing on the daily activity report:


Three producing wells (DUCs) reported as completed:
  • 36661, drl/A, MRO, Thoen 41-28H, Reunion Bay, t--; cum 128K in less than 3 months;
  • 36662, drl/A, MRO, Doven 11-25TFH, Reunion Bay, t--; cum 90K in less than 3 months;
  • 36789, SI/A, MRO, Oates 21-27H, Reunion Bay, t--; cum 125K in less than 3 months;
Neighboring wells to watch:
  • 20122, has been off line; just coming back into production, 3/20;
  • 19833, has been off line; just coming back into production, 3/20;
  • 19834, has been off line; just coming back into production, 3/20;
36661, middle Bakken:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20203140237399181974434210031519
BAKKEN2-20202839316394612919935143032489
BAKKEN1-20202648922485004242841750038449

36662, Three Forks:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20203129598294093758730554028573
BAKKEN2-20202928179284413488827214025265
BAKKEN1-20202532195319024699932331030124
BAKKEN12-2019121800000

36789, middle Bakken:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20203142872430143719643676040688
BAKKEN2-20202938741377933687638653035941
BAKKEN1-20202742872428035483241012038030
BAKKEN12-20192870263600

************************* 
And From The Other Day

36663, drl/A, MRO, Sura USA 44-21TFH, Reunion, t--; cum 130K over three months:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20203133748337193428938646036289
BAKKEN2-20202828988289163373331755029736
BAKKEN1-20202667565670308421871803067329


This May The Biggest National Story Of The Week -- California Deficit -- May 8, 2020

I wasn't going to post this (again). I either posted it earlier or at least provided a link to a similar story, but this article has staggering numbers.

I had to put it in context with comments from the governor of New York who said that New York state had a deficit of $13 billion (which, of course, is growing.

So, using New York's deficit as a marker, look at this: California's $21 billion surplus from one year ago has turned into a $54.3 billion deficit.

Wow. I think Sophia can even do that math: 21 + 54 = $75 billion swing due to Wuhan flu. Amazing.

This has to be very, very concerning, what the governor said about that: "I just hope people are preparing themselves -- for the effort that we all need to engage together to undertake to unwind that and get back on our feet."

Newsome on property taxes, state income taxes, user fees: re-calculating, re-calculating, re-calculating.

Link here: https://www.foxnews.com/politics/california-gov-newsom-lets-more-businesses-reopen-amid-coronavirus-after-revealing-staggering-budget-deficit. But the story is everywhere. Here is another link.

***********************************
Rush Limbaugh

I am not listening to the news any more. I watch TCM, listen to classical music while granddaughter-Uber driving, and very selectively surf the net. I had not tuned into Rush Limbaugh for several weeks until two days ago. [I had tuned in earlier but there was a run of shows when he had a guest host; I never, never, never listen to his guest hosts.]

Anyway, yesterday, I listened to Rush Limbaugh for one hour, the second day in a row. I bike for one to two hours between 11:00 a.m and 2: 00 p.m. when Rush is on live in our local area, so I listen to his first hour or his last hour.

But this caught my attention: 43 million listeners. He holds the record for radio talk show listeners. I can't put 43 million listeners into perspective because I don't know numbers for other radio talk shows. I will have to see if I can find that. But cable television news -- don't they run into 500,000-to-3 million-viewer range? Something like that, I think.

But then get this: the average amount of time a listener spends listening to Rush Limbaugh's show: 2 hours, 28 minutes. For heaven's sake: the show is only 2 hours, 28 minutes long; the other 32 minutes is taken up with ads and local news breaks.

Maybe he was joking; he has a great sense of humor.

*************************************
Biggest Disillusionment All Week

Rigzone is a very, very good source of daily crude oil news. They seem to be quite selective in their stories and quite good in their own analyses.

Today, however, I see they have linked a story from CNBC about $100 oil in 18 months. I saw that story yesterday -- from another site -- click bait.

*********************************
Break Dancing

I do have to send a huge shout-out to Google: I had never thought of looking up the origin of the term "break dancing." Now I know -- thanks to Google. I assume I was the only one who did not know. I will have to ask our two old granddaughters and their mom if they knew the origin of the phrase.

RBN Enerugy With A Bakken Update -- May 8, 2020

Financial Times: Bakken shale -- long road back to recovery. Paywall. One can get to it via google. Archived.
North Dakota led America’s unconventional oil revolution more than a decade ago. Now its Bakken shale field is leading the big retreat. Oil output in the state, home to the Bakken’s most productive parts, has fallen by more than a third this year — a bigger drop than many individual Opec producers pledged in their historic supply-cutting deal in April — to less than 1m barrels a day, according to one industry estimate. The cutback follows a consumption collapse, triggered by the Covid-19 crisis, that saw US oil prices crash to less than zero last month. Despite recovering to about $26 a barrel, the West Texas Intermediate benchmark is still down more than half since the start of the year. As a result, total US oil production is expected to drop by up to 3m barrels a day from a high near 13m b/d a few months ago, according to analysts. 
OPEC Basket: $22.40

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

Active rigs:

$23,725/8/202005/08/201905/08/201805/08/201705/08/2016
Active Rigs2064604927

Two wells coming off confidential list today  --

Friday, May 8, 2020: 25 for the month; 75 for the quarter, 302 for the year:
  • 36591, drl, Rimrock, Skunk Creek 8-2-3-5H3, first bench Three Forks, South Fork, t--; cum --;
  • 35670, SI/NC, Zavanna, Stranger 28-21-6H, Poe, t--; cum 147K in less than 5 months; huge well; a 45K month;
RBN Energy: Bakken rig cutbacks, well shut-ins to leave crude gathering networks underutilized. Archived.
The Bakken Shale is being hit especially hard by production cuts this spring. Crude oil-focused producers large and small have been shutting in wells and putting well completions on hold, slashing daily crude output by more than one-sixth. The rig count is down by half in less than two months — to 26, the play’s lowest level since mid-2016 — and thousands of oilfield workers have been let go. All this is happening despite the facts that the Bakken’s four-county core has some of the best shale assets outside the Permian and that in 2017-19 the play was super-hot, with crude production increasing by 50%. That three-year growth spurt spurred the development of a number of new crude gathering systems, many of which now face a period of significant underutilization. Today, we discuss highlights from our new Drill Down report on oil production and supporting infrastructure in the U.S.’s #2 shale play.