Pages

Sunday, November 4, 2012

On Tap For Monday: Wells Off Confidential List; Two Nice BEXP Wells; Jack Welch on CNBC

Jack Welch on CNBC this a.m., couldn't say enough about the Bakken. He has a company making steel buildings; can't get them built fast enough for the Dakotas. He mentioned in passing a huge chemical specialty distribution center (or something along that line) in Minot. Andrew Sorkin asked his predictable question. Also at CNBC on-line: natural gas could be bigger than the internet (both were invented by Al Gore). Video.


RBN Energy: primer on crude oil spot pricing.

Saudi Arabia is raising prices. This will be tough on France, Spain, and Greece. 

******************

From the series of photographs from the Williston area, October, 2012, sent in by a reader:



******************
Active rigs: 188 (steady) -- Monday morning

Well coming off confidential list on Monday:

Note the CLR Midnight Run well below.   The Liberty Resources Fritz well is classified as a wildcat, but it certainly isn't a wildcat in the traditional sense: it is located in a section not yet designated as any oil field, but it is immediately between two nice fields in McKenzie County: the Sather Lake oil field to the south and the Pronghorn oil field to the north. It should be a good well.

******************
11/3
20521, 1,412, XTO, George Federal 21X-19B, Lost Bridge, t7/12; cum 34k 9/12;
21217, 686, WPX/Helis, Linseth 13-12HW, Squaw Creek, Three Forks; 10 stages; 800K lbs; 21,000 feet to the Birdbear vertically; and 11,000 feet to the Three Forks; interesting file report; trip gases exceeded 8,000 units; t9/12; cum 7K 9/12; NB: the NDIC scout ticket has the IP at 6,867 bbls (wrong);
22186, 400, Hess, EN-Horst 154-93-0310H-3, Robinson Lake, t8/12; cum 21K 9/12;
22252, drl, Oasis, Delta 6093 34-15H, Gros Ventre,
22324, 223, Oasis, Celeste 6092 43-34H, Cottonwood, t6/12; cum 20K 9/12;
22339, 573, Whiting, Knife River State 21-16TFH, Sanish, t5/12; cum 25K 9/12;
22381, drl, BEXP, Vachal 3-34 4TFH, Alger,
22467, drl, KOG, Skunk Creek 12-7-8-9H, Heart Butte,

11/4
21421, 648, Liberty Resources, Fritz 15-101-32-29-1H, Wildcat, t5/12; cum 46K 9/12;
21958, 1.044, Whiting, Iver & Minnie 21-14PH, Zenith, t5/12; cum 32K 9/12;
22022, 3,382, BEXP, Edna 11-2 1H, Camp, t7/12; cum 35K 9/12;
22477, 881, Denbury Onshore, Grimestad 34-33NEH, Charlson, t7/12; cum 25K 9/12;
22579, 446, CLR, Marcy 2-24H, Oliver, t8/12; cum 16K 9/12;

11/5
22604, 170, Hunt, Halliday 2-40-42H, Werner, t9/12; cum 9K 9/12;
22617, drl, CLR, Sorenson 1-21AH, Alkali Creek,
22619, drl, CLR, Sorenson 2-21AH, Alkali Creek,
22675, drl, BR, Midnight Run 11-1TFH, Union Center,
22732, 350, Crescent Point, CPEUSC Fairholm 33-34-164N-100W, West Ambrose, t7/12; cum 6K 9/1;2
22454, 3,634, BEXP, Marcia 3-10 1H, Last Chance, t8/12; cum 40K 9/12;

With regard to CLR's Sorenson wells (above), it looks like CLR had permits for a 4-well pad to the west in this section which were canceled and the four permits were simply "moved" a few feet to the east, in the same section. The "A" in the "AH" is the change in the name of the wells. For newbies, this is another example of some permits being canceled, only to be re-permitted in a slightly different location. In general, permits in the Bakken that are canceled do not concern me. (I guess the only problem is they skew the total number of permits in a given year when tracking statistics.)


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.