- North Dakota produces more oil with 7,300 wells than California does with 60,000 wells -- source at this link, last line of the article.
Price of oil: creeping to $97
Weather: the hurricane.
Politics: Democratic National Convention to have two hours of Islamic prayers on Friday of its convention; supposedly the Catholic Church was denied a request to "say a prayer" at convention; I'm sure there's more to the story -- see link. I did not read any of the 790 comments (so far), perhaps the most comments I've seen for almost any story on the internet. With price of gasoline surging to new highs, and OPEC still in control, this is an important story.
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Daily Operations Report
Number of active rigs: 191 (3 over the recent low)
Three very nice IPs released from confidential status:
- 20505, 2,868, Whiting, Brown 41-28XH, Sanish, t3/12; cum 92K 6/12;
- 21312, 1,087, Hess, AN-Gudbranson-153-94-2215H-2, Elm Tree, t7/12; cum ---
- 21682, 1,454, Denbury, Lund 44-8SH, Siverston, t7/12; cum 6K 6/12;
- 21491, 835, CLR, Bohmbach 4-35H, Elm Tree, t7/12; cum --
- 20286, 833, Zenergy, Loren 1-12H, Rosebud, t8/12; cum
- 22464, 599, Whiting, S-Bar 21-2TFH, Sanish, t7/12; cum ---
- 22463, 1,119, Whiting, S-Bar 21-2H, Sanish, t7/12; cum --
- 21490, 736, CLR, Bohmbach 3-35H, Elm Tree, t7/12; cum 0 6/12;
- 20418, DRY, Whiting, O'Neil Creek Federal, Bicentennial, McKenzie, TD: 10,630 feet; nothing in the file report, yet, that I could see that explained this; drilled to the Three Forks, then plugged and abandoned; porosity graph for the Tyler Formation was the only form that I don't see often in these file reports; something tells me this was an exploratory well to test the Tyler;
- Operators: Whiting (3), Fidelity (2), Slawson, WPX, Bosque
- Fields: Heart River (Stark), Stanley (Mountrail), Sanish (Mountrail), Spotted Horn (McKenzie), Dutch Henry Butte (Stark), Blue Buttes (McKenzie -- salt water disposal/Bosque)
Hello Bruce
ReplyDeleteThe Continental 8/12/12 Investor Update Pdf. is a must read. Slides 12 and 13 show some estimates to add to the OOIP It almost places it into the one trillion range. They also will be drilling the 3rd level. With the other layers this field can truly be called a trillion barrel basin. I think they alluded to a 5% recover at 45 Billion barrels.
Brian
Wow, Brian, I'm glad you sent me that note. Don had alerted me to it earlier, but I got busy and then forgot about it.
DeleteThis is a huge presentation: I think you spotted something others are not yet talking about.
I spent a lot of time walking through it for newbies:
http://www.milliondollarwayblog.com/2012/08/the-bakken-pool-trillion-barrel-reserve.html