CLR is just starting to produce these wells. There are way too many to post tonight. I may eventually get to them, but for newbies, this is a great example of "money in the ground." These wells have been drilled to depth for quite some time; and are now just being completed. They were spud in late 2019.
Oil prices were very, very low all last but recently have trended toward $70 (WTI). What a great time to frack and complete these wells.
Folks keep talking about the need for more rigs and more drilling, in fact, what many operators could use are frack spreads and completing these DUCs.
Go to the link and look at all the wells that CLR will bring on line at the same time. And although these are not monster wells, they look like they are going to be very nice wells.
For example, some of the wells:
- 37058, conf-->drl/NC-->drl/A, CLR, Angus Federal 9-9H, Elm Tree:
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 4-2021 | 25 | 24812 | 24662 | 14051 | 40629 | 38772 | 1857 |
BAKKEN | 3-2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 2-2021 | 4 | 300 | 300 | 1232 | 737 | 0 | 737 |
- 37057, conf-->drl/NC-->drl/A, CLR, Angus Federal 10-9N, Elm Tree,
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 4-2021 | 25 | 25920 | 25763 | 13492 | 40769 | 38907 | 1862 |
BAKKEN | 3-2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 2-2021 | 4 | 523 | 523 | 1569 | 666 | 0 | 666 |
- 37060, conf-->drl/NC-->drl/A, CLR, Angus Federal 7-9H, Elm Tree,
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 4-2021 | 24 | 17177 | 17073 | 9288 | 34261 | 32691 | 1570 |
BAKKEN | 3-2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 2-2021 | 4 | 682 | 682 | 298 | 0 | 0 | 0 |
- 37059, conf-->drl/NC-->drl/A, CLR, Angus Federal 8-9H1, Elm Tree,
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 4-2021 | 24 | 13814 | 13730 | 11764 | 21558 | 20574 | 984 |
BAKKEN | 3-2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 2-2021 | 3 | 161 | 161 | 242 | 112 | 0 | 11CLR |
Well I didn't buy at the bottom but my couple hundred shares at $30 are already looking pretty good. Unhedged---- Harold Hamm is looking pretty smart right now after all the tut-tutting when oil prices were falling. If this $70 oil price can hold he will look absolutely brilliant!
ReplyDeleteAgree completely.
DeleteIt's a fool's errand to predict the price of oil, but I just don't see a correction (dropping below $65/WTI) any time in the near future.