Saturday, June 9, 2012

500,000 Bbls in One Year: Random Update of CLR's Hawkinson-Whitman Eco-Pad in Northwest Dunn County -- The Williston Basin, North Dakota, USA

Updates

November 5, 2018: production update here with jump in production.

September 8, 2013: this well is now approaching one million bbls produced. As of July, 2013, this well has produced 806,223 bbls; it is still flowing without a pump. It produced 23,530 bbls in July, 2013. It produced 24MMCF in July, sold 24MMCF in July, and, yes, it even flared a little, 118MCF. It was a 24-stage frack; 2.4 millions lbs sand and ceramic. 

November 1, 2012: So, how is this well doing -- it is now up to 532,874 bbls produced through September, 2012. It produced 36,000 bbls in September (a short month -- only 30 days); in July, a long month (31 days), it produced 36,883 bbls. Decline rate? What decline rate? The spacing is four sections. The NDIC shows this is still flowing without a pump, but often a pump is put on a well, and the NDIC is not informed of that until months later.  Remember: this well was completed September, 2011; one year later, 532,874 bbls.
Original Post

Just a random note on an interesting CLR Eco-Pad well in Oakdale oil field.

I assume those who have followed the Bakken closely are aware of this well, but for newbies and for others, I thought an update would be interesting.

This is the best of the four wells on this Eco-Pad; the other three are nice, but this one is incredible.

Note that the well was completed/tested back in September, 2011.  In the first full month of production it produced almost 42,000 bbls of oil. By the end of April, 2012, the well had produced almost 344,000 bbls of oil. Also, for everyone, note this: no typical Bakken decline "yet." It produced 45,000 bbls in the most recent month reported.

Note, that by the first full month of production, the well was on a natural gas pipeline; natural gas being sold, none flared (after the first month).

So, 40 stages and 4 million pounds of ceramics? Nope. A modest 24 stages and 2.4 million pounds of sand and ceramics.

Check out other great wells at "Monster Wells."

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

NDIC File No: 20210     API No: 33-025-01259-00-00     CTB No: 120210
Well Type: OG     Well Status: A     Status Date: 9/6/2011     Wellbore type: Horizontal
Location: NWNE 34-147-96     Footages: 230 FNL 1874 FEL     Latitude: 47.516035     Longitude: -102.893285
Current Operator: CONTINENTAL RESOURCES, INC.
Current Well Name: WHITMAN 2-34H
Elevation(s): 2791 KB   2765 GR   2271 GL     Total Depth: 21230     Field: OAKDALE
Spud Date(s):  1/23/2011
Casing String(s): 9.625" 2714'   7" 11622'  
Completion Data
   Pool: BAKKEN     Perfs: 11622-21230     Comp: 9/6/2011     Status: F     Date: 9/9/2011     Spacing: 4SEC
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 343733     Cum MCF Gas: 313938     Cum Water: 7380
Production Test Data
   IP Test Date: 9/9/2011     Pool: BAKKEN     IP Oil: 803     IP MCF: 40     IP Water: 70

Columns below: pool, month, days of production, bbls of oil produced, runs (in bbls), water, gas produced, gas sold, gas flared. Also note that the natural gas was in the pipeline and being sold the very first full month. 

BAKKEN4-2012304509945361104746380463800
BAKKEN3-201231438774371887544212442120
BAKKEN2-201229426674264683243010430100
BAKKEN1-2012315261652790113845573455730
BAKKEN12-2011315003849811128140488404880
BAKKEN11-201130388243898259231074310740
BAKKEN10-201131415714133978039458394580
BAKKEN9-201125290412872183523743689616847

Long Term Energy Investors -- Chinese Buying Automobiles at Clip To Exceed US Domestic Sales

Car sales in China rose 22.6 percent in May from a year earlier, according to data released on Saturday, extending the double-digit gain made in the previous month, as new models premiered at April's Beijing autoshow started to hit the showrooms. In May a total of 1.28 million sedans, sport utility vehicles (SUVs), multi-purpose vehicles (MPVs) and minivans were sold in the country. Back-of-the-envelope calculations: 1.28 x 12 = 15.4 million annual rate. 

Compare this with US:
US Auto Sales is at a current level of 13.73M, down from 14.37M last month and up from 11.69M one year ago. This is a change of -4.49% from last month and 17.45% from one year ago.

Saturday Morning Ramblings -- For the Bakken, Skip and Scroll

1. I was surprised that the NY Times did not ignore President Obama's comment that the "private sector is fine." This was my comment yesterday when I heard the president say that:
The president: the private sector is doing fine. Oh, really? I can't make this stuff up. Update, about three hours later: the economy is bad, according to the president, but the fault lies with Republicans, who, although they supported the Keystone, are said to lack ideas according to the President. I can't make this stuff up.
Update, June 12, 2012: Private jobs down 4.6 million from January, 2008; government jobs up 11.4%. Yup, the private sector is doing just fine.  

2.  Some might wonder if the president saw the report that 22,0000 folks in Montgomery, AL, applied for 877 jobs at the expanding Hyundai plant there.  Maybe the economy isn't doing so fine after all. By the way, to the best of my knowledge, Hyundai is not making EVs or hybrids at this plant.

3. If there's a run on banks in Argentina, one can only imagine what is going on in Europe. Wiki: bank runs and the Great Depression. This is way beyond my "pay grade," but it certainly seems that increasing the taxes on the wealthy later this year -- the "fiscal cliff" everyone is talking about -- will be but a speed bump compared to what's going on in the banking sector in the rest of the world.

4. There is absolutely no socially redeeming value to linking this story but the quotes are so good, I don't want to pass them up. Lauryn Hill needs to run for US Congress. She must have really excelled in choir in high school.

5. Another one bites the dust: North Las Vegas.  First time to make the list -- and it appears to be debuting at #1 in terms of how soon it could declare insolvency. Again, the unions.

6. Wow, this is incredible. The USS Iowa will make its final home in San Pedro Harbor. My wife has a summer home in San Pedro, California. 

7. The verdict is in (again): it makes little sense to buy a hybrid based on an LA Times analysis. They are less fun to drive; significantly slower; less storage space. Counter-intuitive: the hybrid Prius is noisier than its all-gasoline counterpart, the Camry. At $4.00/gallon it takes about five years to start realizing savings. If you bother to read the article, note one glaring omission: if batteries wear out, and if so, when they need to be replaced and at what cost? As far as I know, all batteries eventually need to be replaced.

8. How times have changed. The cover of the Rolling Stone: Charlie Sheen. Thumbing through it quickly, it appeared there were two long articles: one on Charlie Sheen, and the other on ... I forget. I remember the good ol' days when Hunter S Thompson was the editor at Rolling Stone's International Desk, sending in dispatches from Vietnam. With all that is going on in the world, Rolling Stone is focused on Charlie. Smart. And his ever-present cigarette(s). Nice. I wouldn't have bothered posting this note except for fact I just picked up a free copy of The Improper Bostonian. This is a bi-weekly glossy, about the very same size as the Rolling Stone. It's all about food and the entertainment scene in Boston. Except for the two long articles that the Rolling Stone had (one on Charlie Sheen, and the other on ... I forget), they could be interchangeable, except for the music reviews in the Rolling Stone. Like my "Notes for the Granddaughters," I doubt few people read those music review any more.

This issue's cover story in The Improper Bostonian: "Big Fish: The City's Top Seafood Dishes." And instead of a cover photo of cigarette-smoking Charlie, we have a smoking-hot photo of barracuda nigiri.

Some samples from the table of contents: shining Chardonnays; Japanese grilled meats restaurant; a review of Jack Kerouac's first novel, The Sea is My Brother; a review of Nicolas Cage; a music review of Alejandro Escovedo; and so much more. It's incredible and a delight to page through.

9. How coincidental! The most recent issue of The Improper Bostonian has a one-page "celebrity" interview with CNBC' Fox Business News talking head, Melissa Frances. She interviews quite well; she is a Harvard University graduate. (See first comment noting my mistake.)

10. The Spanish bailout started out at 40, then Drudge headlined 50, and now it's a cool 100 125 billion euros. Too big to fail, they're saying.

A Note for the Granddaughters -- Ice Cream and Importance of Reading Ingredients Closely -- For the Bakken, Skip and Scroll -- Several "Draft" Posts Re-Posted

Last night we walked to the local grocery store to pick up something for an impromptu-picnic.

Ben and Jerry's ice cream was on special so they each got to pick their favorite.

The younger one chose "Cherry Garcia" since she recognized "Garcia" as the maternal family name. The older one said the younger one did not like cherries and would not like this selection.

Sure enough, later that evening when eating ice cream, the younger one said she did not care for Cherry Garcia because she didn't like cherries.

The older one, always being helpful, pointed out that it was always important to read the ingredients carefully.

In this case, one hardly had to read the ingredients carefully. The name of the ice cream would have been a huge tip-off.

"Anonymous" requested a stand-alone story about the granddaughters.  This post will self-destruct in 24 hours.

Week 23: June 3, 2012 -- June 9. 2012

North Dakota #1 in growth among all US states

Dunn County crew camps keep growing

Dunn County: crew camp could grow to 1,650

Three crew camps; 210 single-unit homes, restaurants, hotels, a truck stop, and a partridge in a pear tree under consideration for the reservation

Another 850 homes for Williston?

Williston building permits to break another record?

Dickinson approves a 3,000 unit crew camp; Hades freezes over

Tesoro refinery expansion at Mandan almost complete

QEP has another 10-well pad (or 2 5-well pads)

Seaway oil reaches the gulf

Another pipeline across northern North Dakota, the Sandpiper? 

The Hatfield-McCoy feud -- Enbridge vs the Bakken

COP and the Bakken: more rail cars?

Bakken-like plays in the US threaten the Canadian oil sands 

Why Bakken-WTI spread is widening

Controversy over Little Missouri River crossing in southwestern North Dakota Peak oil? What peak oil?

Wind energy cost to the consumer: $1. Natural gas for the consumer: 5 cents. European suicide. 

Another Indication How Severe The Housing Shortage -- Three More Crew Camps, 210 Homes, Hotels, Restaurants, Truck Stop to New Town/Reservation --The Williston Basin, North Dakota, USA

Minot Daily News is reporting still more expansion in the North Dakota oil patch.

Data points:
  • Fort Worth, TX,-based Enspire Management Consulting Group
  • build three crew camps on Fort Berthold Reservation
  • use proceeds from the crew camps to build ~ 210 single-family home for TAT members living on the reservation
  • also considering plans for a truck stop, hotels (yes, plural) and restaurants (again, plural) for "Four Bears Segment," (I assume across the bridge) west of New Town
  • originally the plans included only the "Four Bears Segment," but local folks wanted project to expand to include Mandaree and New Town

Enbridge Faces Bakken Complaints -- Linked Article At Independent Stock Analysis

This linked article, "Enbridge Faces Bakken Complaints," Globe and Mail, can be found at Independent Stock Analysis, along with several other energy story links.

Wow, there are several great links at ISA today. You may want to get on the mailing list; it will save you some time down the road.