Saturday, January 2, 2021

Oil Deals Of Note -- 2020

CVX - Noble Energy.

Devon - WPX.

Conoco - Concho.

Pioneer- Parsley

FANG - QEP.

Interim Report On An Old WPX Well In Squaw Creek -- Will We See The Halo Effect? January 2, 2021

The well:

  • 20995, 227, WPX, Blue Buttes 3-21H, Squaw Creek, t3/12; cum 206K 11/20; see recent production below;

History:

  • September 22, 2020: #20995; four new wells cut right across this old horizontal running at 90°; readers can decide if this well was affected by four new horizontals crossing this old well; wow, I love the Bakken.

Recent production:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-202030488649834076626439481074
BAKKEN10-202031381837912772489493733
BAKKEN9-20202140851281790142
BAKKEN8-20200000000
BAKKEN7-20200000000
BAKKEN6-20200000000
BAKKEN5-20200000000
BAKKEN4-20200000000
BAKKEN3-202016216420821805228601727
BAKKEN2-20200000000
BAKKEN1-20201000000
BAKKEN12-20190000000
BAKKEN11-20190000000
BAKKEN10-20190000000
BAKKEN9-2019103902812904120246
BAKKEN8-2019281498144768027064901526
BAKKEN7-20192819862037833358912758
BAKKEN6-2019153603643016520390
BAKKEN5-20193185685525915470712
BAKKEN4-20193081882524514790672
BAKKEN3-201931860869253155418700
BAKKEN2-2019103532534863617413

Interim Report On An Old WPX Thompson Well; Waiting To See If This Well Would Be Brought Back Into Production -- January 2, 2021

I think folks with much more information than I have can see what's going on in the Bakken. Here's another example. 

The well:

  • 18111, 776, Petro-Hunt, Thompson 8D-4-4H, Charlson, t5/11; cum 621K11/20; appears to be coming back into production after being taken off line for 6.5 months;

History;

  • September 29, 2020: 18111, Thompson wells, Petro-Hunt; huge jump; 462K 9/18; huge well, off line in 2020; will be interesting to see what it does if it comes back on line;

Recent production:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20201722881856199725522153275
BAKKEN10-2020000102000
BAKKEN9-20200000000
BAKKEN8-20200000505
BAKKEN7-20200000000
BAKKEN6-20200000000
BAKKEN5-20200000000
BAKKEN4-20202221782668249240322580
BAKKEN3-20203145474609782953793260
BAKKEN2-202029624562148021175111289260
BAKKEN1-20203162526394143024186211812789

Interim Update Of An Old WPX Well In Squaw Creek -- A 10-Fold Jump In Production -- January 2, 2021

Note the ten-fold jump in production. Again, another example of the Bakken potential and all the work yet to be done. Note this well was drilled in 2012 and by 5/20, it's production had dropped to 800 bbls/month. Then, a 10-fold jump in production, to 7,400 bbls over 25 days in 10/20. Under Hubbert's peak theory this is not supposed to happen.

The well:

  • 21217, 686, WPX, Linseth 13-12HW, Squaw Creek, t9/12; cum 150K 11/20;

History:

  • October 29, 2020: #21217, four wells will be fracked on either side of this well; a WPX, inside the reservations;

Recent production:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-202053333694445580511
BAKKEN10-202025743173201939712461011542
BAKKEN9-20200000000
BAKKEN8-20200000000
BAKKEN7-2020214625792727750593
BAKKEN6-20203072271538012110971
BAKKEN5-202031741703393124401002
BAKKEN4-202030750724380125801013
BAKKEN3-202031842923473141201151
BAKKEN2-202029773736423129601054
BAKKEN1-202031857880451143601178
BAKKEN12-201931883882452147901214

Wow! Murex Is Reporting Production Data On The Sophia Drake Re-Entry Well -- January 2, 2021

Wow, wow, wow! This makes my weekend (yes, I know; I need to get a life). I've been following these two wells, like forever. Finally, we have some data. Wow!

The wells:

  • 36888, drl/NC, Murex, Sophia Drake 25-36H-R, Sanish, t--; cum 22K over 30 days; see production profile below;
  • 36887, drl/NC, Murex, Amber Renee 25-36H-R, Sanish, t--; cum --;

History:

  • December 3, 2020: #36887 (33-061-04580; Amber Renee 250-36H-R; Sanish) and #36888  (33-061-04581; Sophia Drake 25-36H-R; Sanish)-- update here;

************************
Production Profile

  • 36887, 33-061-04580, no frack data at FracFocus, yet, as of January 2, 2021; no production data, yet;
  • 36888, 33-061-04581, no frack data at FracFocus, yet, as of January 2, 2021:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-2020302156821153386113823138230

An Old Slawson Hunter Well Updated -- January 2, 2021

An example of the Bakken potential and how much work there is yet to be done. See full production profile linked below. 

The well:

History:

May 22, 2016: Slawson takes a huge Big Bend well off-line, #18575. Back on-line 5/16 but still needs more follow-up. January 5, 2016: this big well went off-line 11/15:
  • 18575, 1,007, Slawson, Hunter 1-8-17H, Big Bend, t6/11; cum570K 3/19; off-line all of 11/15; only one day production 1/16; only one day production 2/16; IA as of 3/16; back on line as of 6/16; update here. Check a few more months and then remove from this page (look at the halo effect on one of the Hunter wells, #18575). Back on line 6/16 and turns out to be a great well.

An Abandoned Whiting Well Returns To Active List -- January 2, 2021

Well, this is interesting. This well had been on the AB list, but now shows back up as A:

  • 20589, A/AB/IA/4,815, Whiting, Tarpon Federal 21-4H, said to have a 7,000 boepd IP; record middle Bakken (as of Feb, 2012); Twin Valley, 30 stages; 2 million lbs sand/mesh ; s8/11; t10/11; cum 631K 7/19; needs to be re-fracked; off line as of 7/19; finally returned to production, 11/20 with one day of production; whoo-hoo! Nothing in the sundry forms to indicate what's going on. See full production profile here.

****************************
The Movie Page

Lawrence of Arabia, on TCM. Wow, what a great way to spend a Saturday afternoon. Perhaps the best movie, of this genre, ever -- although Patton certainly competes well. There are so many incredible "scenes." Most amazing to watch: when Sir Lawrence changes from a moral man to an amoral man to a crazed man about halfway through the movie, I suppose. Amorality, of course, is relative in this movie.

An Old WPX Well Goes Over 700K Bbls Crude Oil Cumulative -- January 2, 2021

The well:

  • 19768, 261, WPX, Arikara 15-22HC, Reunion Bay, Bakken, t12/11; cum 702K 11/20; F; re-fracked 1/18; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-2020303044304394367714590941
BAKKEN10-2020313680367312231054857920
BAKKEN9-202030383438241883985666960
BAKKEN8-2020314776482929701210865481017
BAKKEN7-20201726202546973684930601156
BAKKEN6-20201820122010666554034560
BAKKEN5-20203122062218680538027630
BAKKEN4-20203024882474975463116070
BAKKEN3-20202924572466102340721181190

After Being Off Line For Five Months, An Old SHD Well Comes Back Strong -- January 2, 2021

The well:

  • 19296, 2,388, SHD Oil & Gas, Golden 22-31H, Deep Water Creek Bay, 62 stages, 15 million lbs sand, spacing ICO, F, t3/15; cum 794K 11/20; a singleton; still producing 5,000 bbls 11/19; only fourteen days, 4/20; remains off line 8/20; back on line for 5 days, 9/20; comes back strong, 10/20; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-202030615262698783328032800
BAKKEN10-20203161145747891027202617103
BAKKEN9-20205860709149735019331
BAKKEN8-20200000000
BAKKEN7-20200000000
BAKKEN6-20200000000
BAKKEN5-20200000000
BAKKEN4-202014182217862410105001050
BAKKEN3-202027385240376241273202732
BAKKEN2-202029542755547085388803888
BAKKEN1-202027367834934300270602706

An Old WPX Well Goes Over 600K Bbls Crude Oil Cumulative -- January 2, 2021

The well:

  • 19246, 1,425, WPX/Zenergy, Wells 32-29H/Dakota-3 Wells 32-29H, Reunion Bay, Bakken; t3/11; cum 607K 11/20; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20203011791096462348331980
BAKKEN10-20203113221300521415938510
BAKKEN9-20203013151282540363633350
BAKKEN8-20203116491692886366833290
BAKKEN7-20203116941692838421438660
BAKKEN6-20203014091443632455242350
BAKKEN5-20203114861365560457942530
BAKKEN4-20203015391629608375834320
BAKKEN3-20203115921587790347131340
BAKKEN2-2020153934293318977860
BAKKEN1-202031107010804071826150246
BAKKEN12-2019311314126651225711898364

A Very Old Hess Well Goes Over 500K Bbls Crude Oil Cumulative -- January 2, 2021

The well:

  • 18104, 1,113, Hess, BB-State a-151-95-1615H-1, Blue Buttes, t11/09; cum 501K 11/20; off line most of 4/19; remains off line 12/19; intermittent, small production 10/19; struggling? remains off line 1/20 -- now listed as IA; back on line as of 4/20; bac on line 5/20; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20203029122813452000
BAKKEN10-20203131573050505397439740
BAKKEN9-20203031513394492393539350
BAKKEN8-20203137553729653453745370
BAKKEN7-20202833163194736340034000
BAKKEN6-202030462145601012538453840
BAKKEN5-20202337353784818371137110
BAKKEN4-20206105886949169160
BAKKEN3-20200000000
BAKKEN2-20200000000
BAKKEN1-20200000000
BAKKEN12-20190000000
BAKKEN11-2019002180000
BAKKEN10-20195109987423106610660
BAKKEN9-20190000000
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-20190000000
BAKKEN5-20191450111110
BAKKEN4-2019270396221481480
BAKKEN3-20192823982376277407540750
BAKKEN2-201914880878149189618960
BAKKEN1-20193121822323355483848380

A Very, Very Old Petro-Hunt Well With Huge Jump In Production -- January 2, 2021

The well:

  • 16963, 423, Petro-Hunt, USA 35D-1-1H, Charlson, t12/08; cum 809K 11/20;off line as of 7/19; remains off line 1/20; back on line 3/20; see this post;

Recent production:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-202030659368252285825880490
BAKKEN10-2020317731767922251003498180
BAKKEN9-202030716973382687865184420
BAKKEN8-2020241409333523397
BAKKEN7-20201101001241240
BAKKEN6-20201103001071070
BAKKEN5-20200000000
BAKKEN4-20202743575061193550753190
BAKKEN3-202022600453652128648663370
BAKKEN2-20200000000
BAKKEN1-20200000000
BAKKEN12-20190000000
BAKKEN11-20190000000
BAKKEN10-20190000000
BAKKEN9-2019000084084
BAKKEN8-20190000000
BAKKEN7-2019195726765357038853
BAKKEN6-201930766656103132411150

An Old, Old, Old Petro-Hunt Well Back On The Confidential List -- January 2, 2021

Monster wells are tracked here.

This page will not be updated. These wells are tracked elsewhere. 

Isn't this interesting. An old, old, old Petro-Hunt well is back on the confidential list. The well:

  • 16059, 729, Petro-Hunt, USA 2D-3-1H, Charlson field, t10/06; cum 1.776024 million bbls 4/20; still producing 6,000 bbls/month, 11/19; update at this post; off line 5/20; remains off line 6/20; two days in 7/20; to be lengthened; confidential noted 11/20

Runs:

DateOil RunsMCF Sold
11-202063097866
7-20201740
4-202037223454
3-202064373014
2-202048750
1-202052700
12-201948320
11-201938130
10-201947590

Chinese Flu Watch -- January 2, 2021

All things being equal, there will be a short-term spike in the number of new cases reported and new deaths related to Covid-19 for the next few days.

Reporting agencies tend to report the data the day they received the data, not the day the event actually occurred. 

Johns Hopkins, until today (January 2, 2021), had not reported since December 30, 2020.

Meanwhile, in Israel:



EVs: An Op-Ed -- January 2, 2021

EVs, an op-ed; link here; for the archives;

  • a great article; nothing new,
  • this article will eventually be moved to a stand-alone post for the archives. It's that good.

Road tax: it would be smart for states and the federal government to tackle this issue sooner than later. Once a tipping point is reached, perhaps as early as 10% penetration, folks will not support extra fees or taxes on EVs for road construction / maintenance. The federal government won't act until it's too late; states would be smart to act now. Three revenue streams:

  • initial road tax at time a new EV is bought;
  • annual road tax at time automobiles are registered;
  • road tax fee levied on EV manufacturer at public charging stations

Distribution transformers

Challenges for charging stations:

  • at least 40% of Americans don't own their own homes
  • apartment complexes
  • cars that do not have overnight garage parking / park on public streets overnight

Footprint:

  • charging station lots off interstate highways, federal highways, state highways and other major thoroughfares
  • cars are parked for 30 minutes or so to re-charge vs five minutes or so for ICEs to re-fuel