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Tuesday, March 12, 2013

Wells Coming Off The Confidential List Wednesday

21561, drl, QEP, MHA 1-31-25H-150-92, Heart Butte, no production data;
22552, 765, XTO, Albert 24X-1F, Capa, t1/13; cum 9K 1/13;
22949, 993, Whiting, Lydia 11-14PH, Bell, t9/12; cum 43K 1/13;
22950, 1,494, Whiting, Solberg 14-11PH, Bell, t9/12; cum 48K 1/13;
22966, drl, BR, CCU Golden Creek 24-23MBH, Corral Creek, no production data;
23116, drl, BEXP, Cora 20-17 6TFH, Poe, no production data (could this be a contender for the gusher Lynn Helms has talked about?); about a third of a mile to the west:
  • 21694, 3,347, BEXP, Cora 20-17 1H, Poe, t7/12; cum 90K 1/13;
23179, 754, Fidelity, Pavlish 19-20H, Dutch Henry Butte, t9/12; cum 39K 1/13;
23521, 508, SM Energy, Gulbranson 1-1H, West Ambrose, t11/12; cum 20K 1/13;
23664, 657, CLR, Charlotte 3-22H, Banks, t11/12; cum 24K 1/13; this is a most important well; for more on the Charlotte wells, click here;

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22949, see above, Whiting, Lydia 11-14PH, Bell, on a gas line; 

DateOil RunsMCF Sold
1-201366297980
12-201262567101
11-201270447651
10-20121168015934
9-20121117212794


22950, see above, Whiting, Solberg 14-11PH, Bell, on a gas line:

DateOil RunsMCF Sold
1-201392269432
12-201261795324
11-201280026552
10-20121195710856
9-20121280811402


23179, see above, Fidelity, Pavlish 19-20H, Dutch Henry Butte, flaring all gas;

DateOil RunsMCF Sold
1-201353970
12-201266820
11-201260370
10-201297170
9-2012109660

 23664, see above, CLR, Charlotte 3-22H, Banks, on a gas line:

DateOil RunsMCF Sold
1-201361853504
12-2012956712769
11-2012758312383

Eight (8) New Permits -- The Williston Basin, North Dakota, USA

Active rigs: 187 (nice, steady)

Eight (8) new permits --
  • Operators: CLR (4), Whiting (2), Sinclair, BR
  • Fields: Hawkeye (McKenzie), Oliver (Williams), Sanish (Mountrail), Jim Creek (Dunn), Lone Butte (McKenzie)
  • Comments:
Wells coming off the confidential list were posted earlier; see sidebar at the right.

Producing well completed:
  • 20736, 873, Liberty Resources, Jackman 156-100-11-2-1H, t3/13; cum 268K 6/17;
The Hawkeye field is a great field. Look at this Hess well:
  • 20738, 1,496, Hess, HA-Mogen-152-95-0805H-2, t12/11; cum 316K 1/13; F; 38 stages; 3.8 million lbs; sand/ceramic;
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NEXUS Natural Gas Pipeline: US To Canada

Exporting natural gas to Canada: regular readers already know all about this, thanks to all the great posts by RBN Energy. But for those who may have missed the story, Richard Zeits, over at SeekingAlpha has posted a story about the subject. From the article:
Direct natural gas exports from the U.S. Northeast to Eastern Canada are likely to rise significantly in the near future as pipeline operators are actively working on transportation solutions for the Marcellus (and very soon also the Utica) volumes that are expected to continue to ramp up. Spectra Energy's proposed 1+ Bcf/d NEXUS Gas Transmission pipeline, which would connect the Marcellus and Utica with Ontario and has a projected in-service date of November 2016, is just one of several examples of potential new gas export projects currently under consideration or in development.
Tectonic changes are taking place in the oil and gas industry, and I'm not sure many Americans are really aware of the changes. 

Random Look at CLR's Salem 1-6H

A reader asked why "Salem 1-6H is inactive."

Background first. Directly from the NDIC website:

First, CLR's Salem well:
  • 20698, 671, CLR, Salem 1-6H, t1/12; cum 66K 1/13;

NDIC File No: 20698     API No: 33-105-02184-00-00     CTB No: 120698
Well Type: OG     Well Status: IA     Status Date: 1/18/2012     Wellbore type: Horizontal
Location: NWNE 6-155-97     Footages: 225 FNL 1980 FEL     Latitude: 48.283810     Longitude: -103.203237
Current Operator: CONTINENTAL RESOURCES, INC.
Current Well Name: SALEM 1-6H
Elevation(s): 2442 KB   2420 GR   2422 GL     Total Depth: 20865     Field: DOLLAR JOE
Spud Date(s):  10/22/2011
Casing String(s): 9.625" 2149'   7" 11216'  
Completion Data
   Pool: BAKKEN     Perfs: 11216-20865     Comp: 1/18/2012     Status: AL     Date: 7/10/2012     Spacing: 2SEC
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 66118     Cum MCF Gas: 123425     Cum Water: 45248
Production Test Data
   IP Test Date: 1/30/2012     Pool: BAKKEN     IP Oil: 671     IP MCF: 1598     IP Water: 446
Monthly Production Data
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20132240534030256750284710318
BAKKEN12-20120000000
BAKKEN11-201224883591575375370
BAKKEN10-201227288031482382544454440
BAKKEN9-20123049684882459612919129190
BAKKEN8-20121525262437164038673767100
BAKKEN7-20122134033445215452854735550
BAKKEN6-201230497452443242613842831855
BAKKEN5-20123156595634341112101121010
BAKKEN4-2012306171598235041128810474814
BAKKEN3-2012317981840249051594515508437
BAKKEN2-201229126861263276762591025793117
BAKKEN1-201214103299682901418963786611097
BAKKEN12-20110000000


Now,  if one then goes to the well file at the NDIC website for the CLR Salem well, the top pages are misplaced: the top pages are of an XTO well:
  • 21698, 181, XTO, Flatland 11X-2F, t10/12; Three Forks,  cum 314 bbls (no typo) 1/13;
Then, go to the scout ticket for that well:

NDIC File No: 21698     API No: 33-053-03828-00-00     CTB No: 222869
Well Type: OG     Well Status: A     Status Date: 10/17/2012     Wellbore type: Horizontal
Location: LOT4 2-153-97     Footages: 340 FNL 1030 FWL     Latitude: 48.109816     Longitude: -103.125768
Current Operator: XTO ENERGY INC.
Current Well Name: FLATLAND 11X-2F
Elevation(s): 2006 KB   1981 GR   1988 GL     Total Depth: 20314     Field: SAND CREEK
Spud Date(s):  5/21/2012
Casing String(s): 9.625" 1665'   7" 10897'  
Completion Data
   Pool: BAKKEN     Perfs: 10897-20314     Comp: 10/17/2012     Status: F     Date: 10/30/2012     Spacing: 2SEC
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 314     Cum MCF Gas: 720     Cum Water: 30941
Production Test Data
   IP Test Date: 10/30/2012     Pool: BAKKEN     IP Oil: 181     IP MCF: 629     IP Water: 2371
Monthly Production Data
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-201300250000
BAKKEN12-2012141172800000
BAKKEN11-201212172191001880178
BAKKEN10-201215308090415320532

The well file for the XTO Flatland well is lacking the completion (fracking) data; those three pages are erroneously placed on top of CLR's Salem 1-6H well file.

Those are the facts.

Now, the comments.

Look at the scout tickets/spreadsheets above.

Does the CLR Salem 1-6H well look like it's inactive? It was taken off-line for a couple of months, for whatever reason, but it's producing at a nice clip, at least as of January, 2013, the most recent month for which data is available.

Then, look at the XTO Flatland well. That was a single stage frack with 600,000 lbs proppant. It has produced all of 314 bbls of oil and none in January, 2013, the most recent month for which data is available.  It's part of a 4-well pad; the other wells are also very recent, and it's possibly this Flatland well was taken off line while the others were being completed. But I don't know.

I didn't read through everything, and I am not "fully literate" when it comes to well files, but that's what I see: there is a mix-up of paperwork in the CLR Salem 1-6H well file, and with the Salem well producing 4,000 bbls of oil in 22 days in January, 2013, it's hard to believe it's inactive.

Disclaimer: I could be way wrong on my comments. The folks over at the Bakken Shale Discussion Group could probably answer the question better. I don't mind if I'm told I'm wrong, as long as I learn something along the way. 

Tuesday Morning Links, News, and Commentary

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read, or think you read, at the MillionDollarWay. I am continuing the Bakken blog purely for the enjoyment of it all. The blog has met (actually, exceeded) its objectives as spelled out in the Welcome/Disclaimer pages.

Rarely do I have a day that something about the Bakken does not surprise me.

But today, it's even more exciting than usual. I try to post links to interesting stories I read in my hard copy of The Wall Street Journal, the only print media to which I subscribe.  If you are at all interested in the Bakken, you need to read the articles at the links below that concern oil. They are really quite remarkable. Over the weekend, I connected the dots from several different stories, coming across something that I have not seen posted elsewhere ... until today. And even today, it's a bit subtle, without a graphic, or with out a map. Suffice it to say, there are some exciting things going on in the North American oil patch. I am referring to the "Heard on the Street Article, Buffett's lesson for Canadian oil" article linked below. But that is just one of several very, very interesting stories on oil today.

Most coincidental was the RBN Energy link on Brent pricing today, and the WSJ article on the same subject: Brent pricing. Both are linked below.

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

The "wind article" was sent to me by a reader, reported by Bloomberg. Thank you. Again, the article points out that there is no redeeming value for these slicers and dicers.

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

Time to "buy oil"? Oh, yeah. -- Yahoo!Finance - Breakout.

WSJ Links

Section D (Personal Journal):
Section C (Money & Investing):
Section B (Marketplace):
Section A:
  • Obama's Capitol Hill foray; for a "grand bargain," the president needs to convince his own party; good luck; won't happen
  • I guess if North Korea declares war truce 'invalid,' we're back to war; no link; story everywhere; so much white noise. A bigger story is the 3,300 dead pigs that were found in the river that supplies water to Shanghai (China); no link; the blurb says it all
  • Op-ed: the ethanol gas-pump surcharge; the 2007 mandate is needlessly raising US gasoline prices; unfortunately, the WSJ does not get it; this is what the Obama administration wants; the only way folks will give up their cars is to price them out of gasoline; is it even worth linking? Is it even worth reading? Must have been a slow news day for the journal yesterday.
  • About that baby who was 'cured' of HIV; the baby was treated to an exposure to the virus; the baby did not have the disease

Wells Coming Off Confidential List Tuesday, KOG With a Nice Smokey Well; Oasis With A Gusher; Hess With a Huge Well;

RBN Energy: part III in the series on ICE Brent pricing. Also, in the WSJ today: Brent barrels to prominence;

Note the small amount of sand used by Hess in the Ellingsberg well below.

Wells coming off confidential list today:
  • 21393, 1,950, KOG, Smokey 15-7-19-15H, Pembroke, t12/12; cum 34K 1/13;
  • 22088, 2,530, Oasis, Dubuque 5300 14-22B, Willow Creek, t9/12; cum 53K 1/13; 36 stages; 4.4 million lbs; sand/ceramic;
  • 22888, drl, Hess, LK-Wing 146-97-2215H-6, Little Knife, no production data;
  • 22916, drl, BEXP, Roger Sorenson 8-5 3H, Alger, no production data;
  • 22937, 770, Oasis, State 5792 11-15H, Cottonwood; t8/12; cum 30K 1/13; 4.5 million lbs;
  • 23324, 653, Hess, SC-Ellingsberg 154-98-3239H-2, Truax; t1/13; cum 29K 1/13; 30 stages; 1.7 million lbs; sand
  • 23519, 581, CLR, Jack 4-9H, Murphy Creek, t2/13; cum 8K 1/13;
Active rigs: 189
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21393, see above, KOG, Smokey 15-7-19-15H, Pembroke, on a gas line;

DateOil RunsMCF Sold
1-20131282227940
12-20122123114552

22088, see above, Oasis, Dubuque 5300 14-22B, Willow Creek, on a gas line:

DateOil RunsMCF Sold
1-201341774341
12-20121301211851
11-201279665358
10-2012137962667
9-201212877507

22937, see above, Oasis, State 5792 11-15H, Cottonwood; on gas line:

DateOil RunsMCF Sold
1-201347363456
12-201253893280
11-201256184137
10-201255851816
9-201269730

23324, see above, Hess, SC-Ellingsberg 154-98-3239H-2, on a gas line:

DateOil RunsMCF Sold
1-20132740020217
12-20128150