Saturday, September 5, 2020

Slawson's Wolverine Federal Wells Are Updated -- September 5, 2020

The Slawson Wolverine Federal wells are tracked here

It appears that after being off line for three to four months, the wells might be coming back on line. Most of the producing wells reported one day of production, July, 2020.

Note the erratic production of this well:

  • 23108, 767, Slawson, Wolverine Federal 5-31-30TFH, Elm Tree, t9/13; cum 469K 11/18; off line 11/18; remains off line 11/19 (although 11 days in 6/19); back on line 12/19; full production profile at this post;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202012002950
BAKKEN6-20200000000
BAKKEN5-20200000000
BAKKEN4-202017860649430727211
BAKKEN3-2020319229920217404172971648562
BAKKEN2-2020291310713160193681854317181660
BAKKEN1-2020311363313640189002116718134836
BAKKEN12-2019191060210022169441480096003594
BAKKEN11-20190000000
BAKKEN10-20190000000
BAKKEN9-20190000000
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-201911118097532611720778
BAKKEN5-20190000000
BAKKEN4-20190000000
BAKKEN3-20190000000
BAKKEN2-20190000000
BAKKEN1-20190000000
BAKKEN12-20180000000
BAKKEN11-2018618702776818164801308


It Appears Oasis Has Drilled To Depth All Remaining Periscope Federal Wells, Big Bend; Most Are DUCs -- September 5, 2020

The Slawson Periscope Federal wells are tracked here.  

It appears all wells have been drilled to depth; most are DUCs. Production data for producing wells has been updated; most are currently off line.

Oasis Is Starting To Report The A. Johnson Wells And The Nikolai Wells In Bank Oil Field -- September 5, 2020

This page will not be updated.

These wells are tracked here

Of the fifteen A. Johnson wells and the Nikolai wells the following now show production data:

  • 35614, drl-->conf, , Oasis, A. Johnson 5397 43-33 10T, Banks,
DateOil RunsMCF Sold
7-20202584562974
6-20201040322516
  • 35617, drl-->conf, Oasis, A. Johnson 5397 43-33 9B, Banks,
DateOil RunsMCF Sold
7-20203268084304
6-20201669637724
  • 35618, drl-->conf, Oasis, A. Johnson 5397 43-33 8T, Banks,
DateOil RunsMCF Sold
7-20202285553018
6-2020983024018
  • 35730, drl-->conf, Oasis, A. Johnson 5397 42-33 6T/Nikolai Federal 5397 42-33 6T, Banks,
DateOil RunsMCF Sold
7-20201066824177
6-2020551412141
  • 35729, drl-->conf, Oasis, A Johnson 5397 42-33 7B, Banks,
DateOil RunsMCF Sold
7-20202568664082
6-20201280829439

The parent well:

  • 20266, 777, Oasis, Wold Federal 15-33H, Banks, t3/12; cum 146K 7/20;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202031821117003117279611
BAKKEN6-202030989695965317228720
BAKKEN5-2020315174812702149182613
BAKKEN4-202030777964700274724443
BAKKEN3-20203196572711203258293018
BAKKEN2-2020296377291160221219157
BAKKEN1-202022433247600184416168
BAKKEN12-2019317529695003020151811

Enerplus "National Park Pad" Wells Have Been Completed, Parent Well With Jump In Production -- September 5, 2020

These wells were last updated earlier this summer.

This page won't be updated. 

The Enerplus "national park pad" is tracked here. It appears the wells on this pad have been fracked and are now producing. It looks they started producing in 4/20, but were then shut in during May, 2020, like thousands of other wells during the "meltdown 2020." For some of the wells, we do not know how many days these wells produced each month. 

The wells are now all back on line.

The wells on this 8-well pad

  • 35966, drl-->conf, Enerplus, Yellowstone 148-95-02B-11H, Eagle Nest,
DateOil RunsMCF Sold
7-20202591827249
6-20202688825967
5-202016931798
4-20202845728658
  • 35967, drl-->conf, Enerplus, Everglades 148-95-02A-11H-TF, Eagle Nest,
DateOil RunsMCF Sold
7-20202998431523
6-20202414923321
5-2020834885
4-20201416814268
  • 22574, drl-->drl/NC, Enerplus, Glacier 148-95-02A-11H TF, Eagle Nest,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-2020312738327397230393001928803821
BAKKEN6-2020272610426008241252619825117783
BAKKEN5-202011300142421421575151339
BAKKEN4-20201017563173264090121076174493451
  1. 35968, drl-->drl/NC, Enerplus, Shiloh 148-95-02A-11H, Eagle Nest,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202031243782442724056000
BAKKEN6-2020292770327698294862791226749831
BAKKEN5-20200000000
BAKKEN4-2020516102158851874319323159983163
  • 35969, drl-->conf, Enerplus, Yosemite 148-95-02A-11H, Eagle Nest,
DateOil RunsMCF Sold
7-20202073021794
6-20202627425374
4-202069446993
  • 20917, 490, Enerplus, Likes Eagle 2-31H, Eagle Nest, t4/12; cum 265K 7/20; off line 9/19; remains off line 2/20; back on line 5/20; see this post;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-20203187258787747896149238262
BAKKEN6-2020291517615600145261569715065455
BAKKEN5-20201274686920763089637350594
BAKKEN4-20200000000
BAKKEN3-20200000000
BAKKEN2-20200000000
BAKKEN1-20200000000
  • 22575, drl-->drl/NC, Enerplus, Acadia 148-95-02A-11H-TF, Eagle Nest, came off confidential list January 31, 2020
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-2020312205022133171232425023269662
BAKKEN6-2020292999329899216543012928875900
BAKKEN5-20201007000
BAKKEN4-202051085110704162311122210780326
  • 35970, drl-->conf, Enerplus, Isle Royal 148-95-02A-11H-TF-LL, Eagle Nest,
DateOil RunsMCF Sold
7-20202345621554
6-20203419739891
5-202013851425
4-20201856317480

An Oasis Rolfson N Well Goes Over 500K Bbls Crude Oil -- September 5, 2020

The Rolfson N wells are tracked here

The well:

  • 31486, 1,752, Oasis, Rolfson N 5198 14-17 11BX, Siverston, 50 stages, 4 million lbs, t9/16; cum 504K 7/20;

Production:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-20203128382838192360222399521
BAKKEN6-2020302973306137102208821252176
BAKKEN5-2020312828274129432255221449421
BAKKEN4-202030257925853425219872122899
BAKKEN3-2020312548256136892388322483718
BAKKEN2-20202924292432285220796189301228
BAKKEN1-20203130433039352426546240151849

Rock And Roll, And College Football -- Notes From All Over -- Nothing About The Bakken -- September 5, 2020

I watched The T.A.M.I. Show the other night -- was it last night? -- and was blown away. How did I ever miss this "movie"? It turns out there's a good explanation, but you will see that later. 

But I was curious. So, as I tell the granddaughters, if something doesn't make sense, google it or follow the money. In this case, I googled it: ranking all-time concerts tami monterey pop woodstock.

This is what popped up: from Flavorwire, the 45 greatest concert movies of all time. Wow. I immediately scrolled to the bottom (or the top of the list):

#1: Woodstock. That doesn't surprise me, but after seeing The T.A.M.I. Show I would place the latter #1 and Woodstock, #2.
#2: The Waltz, Martin Scorcese's documentary, but it's too choreographed. In my book, drops down a few notches.
#3: Stop Making Sense, good choice, can't disagree.
#4: The T.A.M.I. Show

After that, it's a long, long "fall" to #5. I find it amazing how few really great "rock documentaries" there have been. 

Monterey Pop: #10. 

Biggest surprise: Freddie Mercury's Barcelona not on the list.

So, back to the question, how did I ever miss The T.A.M.I. Show? From the linked article: 

Lost to rights disputes for decades, long beloved but seldom seen except in snippets, this near-perfect concert finally made its official, authorized DVD debut a few years back, and good gravy does it hold up. 

And this is why it is #1 in my book:

But it’s more than just a good concert film; it captures a moment of cultural and musical explosion. It’s a document of post-Elvis aural integration (nay, miscegenation) — all styles are welcome, from Motown to Mersey, R&B to funk, surf to blues, pop to garage, whatever moves the teen audience, whatever makes them scream, it’s all rock and roll. Within the context of what was happening in the country at the moment (the concert was mere months after the disappearances of James Chaney, Andrew Goodman, and Michael Schwerner in Mississippi, as well as LBJ’s signing of the Civil Rights Act of 1964), some of the film still has a subversive kick to it
Those white girls in their little bikini bottoms shaking it behind the Motown groups must have been a racist’s nightmare come to life, to say nothing of Chuck Berry singing “Sweet Little Sixteen” leeringly as a pert, foxy blonde preens behind him (the moment is even more incendiary in the afterglow of his 1962 conviction for violation of the Mann Act).

And bottom line -- even Flavorwire suggested it should have been #1.

In October 1964, Motown was on the rise, the Beatles had taken over the world, and all bets were off — and, without even intending to, The T.A.M.I. Show may be our greatest document of that specific, ebullient moment in American music and American life. And it’s got the best James Brown footage ever, period.

The best reason, possibly, it didn't have the Beatles, nor did it have Elvis Presley. The acts superseded Elvis Presley by this time; and, the Beatles, at this time, were singing bubblegum teenage fun songs and would not have fit into this show. At all. 

Later, from a reader:

Over at Amazon:


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College Football

I'm not watching it, but I see there is some college football on today.

Confirms my feelings that the Big 10 and the PAC-12 really, really fumbled this one. Those football players they were worried about? They are all down at the local sports bar watching what could have been. And exposing themselves to a lot more risks than had they stayed on campus to play football.

*******************************************
Kentucky Derby

On now. On mute. Love the masks on the horses. Just kidding. But any number of men wearing masks below their noses. What a joke. Non-stop commercials -- that's why it is on mute. How long has this been going on this afternoon? Three hours so far, for a three-minute spectacle?

But at least, unlike the Big 10 and the PAC-12, they're "playing."

I had forgotten this many horses raced in the Kentucky Derby: fifteen horse are running; three of the original eighteen scratched.

Students Returning To School After Labor Day -- September 5, 2020

Students will be returning to high school after Labor Day here in north Texas. Look at the efforts put into health and safety: link here.

What caught my eye: every time a student takes a "new" seat, he/she will capture a QR code on their mobile device which will be used for contact tracing if needed. We have truly entered a new world. It can also be used for attendance. It could also be used to track "cheating" on tests, I assume. 

*****************************
Evolution

I'm still in my "evolution" phase. 

Of all the big land animals of which most humans are familiar, the turtles remain the most enigmatic with regard to their evolutionary history and where to pigeon-hole them in those evolutionary wiring diagrams. 

The key certainly rests with their vision. Curious, googling brought me to this article in Science News from a couple of year ago: The "red gene" birds, turtles, suggests dinosaurs had bird-like vision.

I never had any doubt about that. I was more curious about how that "red gene" might help sort out the evolutionary relationship between birds, turtles, and dinosaurs. 

Some data points from the linked article:

  • a gene for red color originated in the reptile lineage about 250 mya; this was just a few years (geologically speaking) after the greatest extinction event in history, the Permian Mass Extinction (252 mya); assuming the authors of the linked article were "precise" in their use of words, the red gene originated after that extinction
  • that red vision gene expressed itself in those animals that had it by being able to see bright red bird feathers and "painted" turtles;
  • because both are related to dinosaurs, the authors surmise the dinosaurs may have also had that "red vision" gene
  • that "red vision gene" was first discovered in early 2016 by scientists studying the zebra finch;
    • in 2016, it was also reported that the same gene shows up in turtles;
    • the gene: CYP2J19
  • but look at this: the gene allows birds and turtles to convert the yellow pigments in their diets into red pigments which then end up as retinal oil droplets; the droplets heighten color vision in the red spectrum;
    • among existing tetrapods, only birds and turtles have these red  retinal oil droplets;
    • unlike mammals, avian and turtle retinal cones (color receptors) contain a range of brightly-colored oil droplets, including green, yellow and red;
    • these oil droplets function in a similar way as filters on a camera lens;
    • the droplets give birds and turtles much better color vision than mammals:
    • humans can distinguish between some shades of red such as scarlet and crimson; birds and turtles can see a host of intermediate reds between these two shades;
  • in some birds and a few turtle species, that red pigment is also used for external display: red beaks and feathers or the red neck patches and rims of shells in species such as the painted turtle;
  • scientists traced the history of that red vision gene
    • the "red gene" originated around 250 mya;
    • predated the split of the lineage from the archosaur line, and,
    • runs right through turtle and bird evolution
    • if so, it means that dinosaurs would have also had the "red gene" unless of course they "lost it" for some region -- because dinosaurs (and crocodiles) split from this lineage after turtles;
  • crocodiles: they appear to have lost the CYP2J19 gene and have no oil droplets of any color in their retinal cones;
    • scaly lizards and snakes split from the archosaur line before the turtles and these reptiles lack retinal oil droplets, or have yellow and green but not red (interestingly enough, scaly lizards and snakes do have external red coloration);
    • there is some evidence that oil droplets were lost from the retinas of species that were nocturnal for long periods of their genetic past, and that this hypothesis fits for mammals and snakes, and possibly crocodiles
  • but there's more and this would get Richard Dawkins excited;
    • it is surmised that the "external redness was often sexually selected";
    • Dawkins maintains that the greatest driver of evolution was sexual selection;
    • evolution moves most quickly when there is a sexually-predisposed reason;
    • that would help explain the huge diversity of dinosaur species

See also this post by another blogger. Well done.

Follow-Up On ND "Hot Gas" And The Northern Border Pipeline -- September 5, 2020

This is in response to the story posted earlier today regarding "hot gas" and the Northern Border Pipeline.

A reader wrote that he/she had a I have a very dear friend from college. He managed gas plants throughout the OK/TX panhandle. His dad did the same in TX, NM and AZ. I've been lucky enough to have them each walk me through a plant, drive me through the country they were gathering, etc. I asked him for Cliff Notes on our "too hot" gas. This is the reply from that individual with extensive experience with this issue:

It is not uncommon to have some 1200 BTU gas in a field, depends on zone, depth, area, etc. 
It sounds like they need more gas processing in North Dakota. 
The regulation is dumb to me because the gas can be processed downstream.

Normally pipelines are NOT the end user, they are only the transporter and someone else can pull the BTU out of the gas.

Also it is important to gas processing plants to be able to leave the ethane in the gas if the market is paying more for the ethane in the gas rather than in the liquids stripped out of the gas.

All gas processing plants are designed to run in ethane rejection (leave the ethane in the gas rather than remove it with the propane, butane, pentane, etc. ) if the markets pays better for ethane in the gas rather than in the liquids removed. 
Every plant I ever worked in or managed was capable of ethane rejection even if not originally designed for it. Just warm up the tower temps and the ethane goes out the top with the methane rather than out the bottom with butane, propane, pentane, etc. 
If designed for it then they can do it more efficiently. 
It does sound like the ND gas is pretty hot overall. I saw / toured one plant in the Denver area years ago that BP ran and they sold to the pipeline that provided Denver. In order to cut the btu they actually injected air into the pipeline. It sounded insane to me because we spent a lot of time making sure we did not get air into our pipelines, we operated some lines at below atmospheric pressure so any leak pulled air into the system, and air can cause explosions, but at the Denver site they actually injected air into the system. Probably was no added compression on the system after the air injection. Air and compression don't mix well.

This was my reply, noting that is way above my pay grade, and far ahead of my headlights, to mix metaphors:
Two immediate thoughts come to mind: 
Political: someone is trying to keep ND gas out of the Northern Border Pipeline so the Canadians can ship more of their own gas; or, more likely, it's a matter of who pays: 
Financial: either the operators in ND pay to "dilute" their "hot gas" before it goes into the pipeline, or the end user (in Illinois, or wherever) pays for the process of doing that (sounds minimal). 
Regardless: it sounds like a manageable problem, and maybe this will spur ND to put in more natural gas processing plants.

Wow, this takes me to the early days of the Bakken: ethane rejection. I had forgotten all about it. I have a lot of problems with tags (bottom of page) but in this case, I'm glad I had an "ethane rejection" tag. 

******************************************
The Original Post

This was the original post:

From Geoff Simon's top stories of the week:

A tariff pending before the Federal Energy Regulatory Commission may place limits on the heat content of natural gas in the Northern Border Pipeline.

Justin Kringstad, director of the ND Pipeline Authority, told members of the ND Industrial Commission this week that the tariff would allow Northern Border to reject any gas that exceeds 1,100 BTU per cubic foot.

That could be a problem for North Dakota producers because natural gas produced in North Dakota is rich in ethane and other natural gas liquids.

Kringstad said the gas must be processed to remove those NGLs to reduce its heat content to the 1,100 BTU level.

North Dakota gas now makes up about 80 percent of the total moving through the Northern Border Pipeline, and "signs are pointing toward North Dakota being almost the exclusive shipper in the next three to six years," Kringstad said. He said achieving the 1,100 BTU threshold would require the removal of additional 80,000 bbl/day of ethane by the year 2027.

Industry sources say the ideal heat content for natural gas is between 950 and 1,100 BTU/cubic foot. Gas that burns hotter can damage appliances and other equipment that burn it. Kringstad said Northern Border interconnects with several downstream pipelines that limit heat content to 1,100 BTU or less.

"The downstream folks are concerned that North Dakota's gas is getting too hot," Kringstad said. "The marketability and safety issues downstream are what's driving pressure on Northern Border to implement the tariff change."

North Dakota may have a little time to adapt if FERC approves the new tariff. Kringstad said the change would not be immediate because the tariff would be phased in, starting at 1,155, stepping down to 1,140 and eventually down to 1,100. He said the near-term solution is balancing the hotter gas going into the pipeline with dryer gas that has had most of its liquids removed. Kringstad said one other possibility he's exploring that could provide opportunity to electric generators is injecting hydrogen gas in the pipeline.
Fascinating story on so many levels. 
 

Saturday Morning Means Waffles And Aunt Jemima Syrup -- September 5, 2020

Top stories posted earlier.

This story was inadvertently missed. Aunt Jemima syrup is still available in our neighborhood grocery stores.


I always have at least one bottle of Aunt Jemima in reserve. 

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Drums

This is something our oldest granddaughter and I have been discussing off and on over the past week or so.

Traditional vs Matched, Neil Peart

Neil Ellwood Peart OC (/pɪərt/; September 12, 1952 – January 7, 2020) was a Canadian musician, songwriter, and author, best known as the drummer and primary lyricist of the rock band Rush.

Peart earned numerous awards for his musical performances, including an induction into the Modern Drummer Readers Poll Hall of Fame in 1983, making him the youngest person ever so honoured.

His drumming was renowned for its technical proficiency and his live performances for their exacting nature and stamina.

Saudi Arabia Foreign Exchange Reserves -- Lower For Longer -- July, 2020

Link here.

Posted by Trading Economics, overnight, September 4 - 5, 2020.

Remember: July was a "good" month for Saudi Arabia. Early reports suggest that August, 2020, will be much worse. 


Dollar conversion: multiply SAR in millions by 0.27 to get reserve equivalent in dollars. If your number is in the $450 billion range, you typed in the correct number of zeros.

Forecast: foreign exchange reserves in Saudi Arabia is expected to be 1660297 SAR million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

Looking forward, we estimate Foreign Exchange Reserves in Saudi Arabia to stand at 1519797 SAR million in 12 months time. In the long-term, the Saudi Arabia Foreign Exchange Reserves is projected to trend around 1519797 SAR million in 2021 and 1330106 SAR million in 2022, according to our econometric models.

History:

Foreign exchange reserves in Saudi Arabia averaged 2125232.14 SAR million from 2010 until 2020, reaching an all-time high of 2796941 SAR million in August of 2014 and a record low of 1569145 SAR million in April of 2010.

Date

Comment

SAR Million

US Dollars

April 2010

Record low

1569145

423,669,150





August 2014

All-time high

2796941

755,174,070









August 2019

Actual

1900000

513,000,000




 

June 2020

Actual

1677864

453,023,280

July 2020

Actual

1679963

453,590,010




 

September 2020

Forecast

1660297

448,280,190




 

June 2021

Forecast

1519797

410,345,190





June 2021

Forecast

1519797

410,345,190





June 2022

Forecast

1330106

359,128,620









Saudi Aramco Div

Annual

277778

75,000,060


Monthly

23148

6,250,005

Note:

  • the all-time low was 1569145 SAR million in April, 2010
  • Trading Economics is projecting that the reserves will drop to 1519797 SAR million one year from now
  • further, Trading Economics is projected the reserves will drop to 1330106 SAR million two years from now

For confirmation of these dollar amounts, see this link.

Saudi Arabia's Foreign Exchange Reserves was measured at 435.8 USD bn in Jun 2020, compared with 437.8 USD bn in the previous month. 
Saudi Arabia's Foreign Exchange Reserves: USD mn data is updated monthly, available from Jan 2001 to Jun 2020. The data reached an all-time high of 731.2 USD bn in Aug 2014 and a record low of 37.4 USD bn in Sep 2002. 
CEIC calculates monthly Foreign Exchange Reserves as the sum of Foreign Currency Reserves and Deposits Abroad, and Investment in Foreign Securities and converts it into USD. Saudi Arabian Monetary Authority provides Foreign Exchange Reserves in local currency. Saudi Arabian Monetary Authority average market exchange rate is used for currency conversions. In the latest reports,
Saudi Arabia's Foreign Exchange Reserves equaled 38.3 Months of Import in Dec 2019
Its Money Supply M2 increased 9.9 % YoY in Jun 2020. The country's Non Performing Loans Ratio stood at 2.0 % in Dec 2018, compared with the ratio of 1.6 % in the previous year.

Also, see this very, very long, dated June 1, 2020.

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From this week's top stories:

Top international non-energy story:

Top international energy story: