Sunday, July 29, 2012

OXY Reports Two Nice Wells; KOG, WLL, and Hess Also With Nice Wells -- Monday Morning Links (Starting Sunday Evening) -- Including Wells Coming Off Confidential List This Weekend/Monday

RBN Energy: Part II, pricing, NGLs, propane today

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Via Carpe Diem, the latest op-ed piece from Harold Hamm, CEO of CLR.
As the oil industry completes its infrastructure design phase and enters its full development phase in 2012 and 2013, there’s good news for residents, officials and community leaders in the oil communities experiencing this remarkable growth. Soon, nearly all of the infrastructure needed to develop the Bakken will be in place, and western North Dakota is settling into a period of steady growth.

We appreciate North Dakotans’ cooperation and patience in tackling the challenge of infrastructure in the Bakken. Now that the area of the oil field is defined, the objective going forward is to optimize production and improve efficiency over the lifespan of the field, which is projected to be longer than 30 years.
There are 115 words in the quote above. The most interesting word: "longer." Last sentence. As in "longer than 30 years."

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Monday's Daily Activity Report

Wells coming off confidential list over the weekend, and Monday:
  • 21646, drl, Hess, LK-State 146-98-3526H-1, Ranch Coulee, t 5/12; cum ---
  • 21811, 871, Hess, CA-E Burdick 155-95-2932H-3, Capa, t3/12; cum 38K 512;
  • 21993, 1,280, MRO, Milton Guenther 14-9H, Bailey,
  • 22024, 316, Petro-Hunt, Lee 158-94-22A-27-1H, East Tioga, t4/12; cum 11K 5/12 ;
  • 22132, DRY, BEXP, M. Ellis 4-9 1H, Williston, problems with the drilling, not the Bakken;
  • 20159, drl, BEXP, Field 18-19 2H, Todd,
  • 21318, 1,132, Fidelity, Lance 21-22-27H, Sanish, t4/12; cum 56K 5/12;
  • 21527, 2,060, Whiting, Buresh 34-10TFH, Dutch Henry Butte, t2/12; cum 51K 5/12;
  • 21813, 1,331, MRO, Garry Sampson 24-32H, Murphy Creek, t4/12; cum 28K 5/12;
  • 20349, 742, OXY USA/Anschutz, Edward Polensky 1-13-24H-142-97, Willmen, t1/12; cum 38K 5/12;
  • 22329, 747, CLR, Colfax 1X-19H, Oliver, t4/12; cum 22K 5/12; 
  • 22247, 953, Slawson, Magnum 1-36-25H, Baker, t4/12 cum 24K 5/12; 
There were six producing wells reported as completed:
  • 20563, 1,710, KOG, P Peterson 155-99-2-15-22-15H, Epping, t6/12; cum ---
  • 21009, 608, WLL, Miller 43-10TFH, Sanish, t6/12; cum ---
  • 22127, 1,824, WLL, Miller 41-10H, Sanish, t6/12; cum ---
  • 21037, 684, Hess, Gene 8-1H, Truax, t6/12; cum ---
  • 21469, 1,014, Hess, SC-Foster 153-99-2932H-1, Crazy Man Creek, t7/12; cum ---
  • 22172, 528, OXY USA, Havelka 1-19-18H-142-95,  Manning, t7/12; cum ---
There was only one permit issued today: 
  • Operator: Samson Resources
  • Field: West Ambrose (Divide)
One permit was cancelled:
  • 19425, PNC, Hess, BB-Stonewall-150-9509H-1, McKenzie