Pages

▼

Friday, June 6, 2014

For Investors Only -- June 6, 2014

As I have said many times, a 100 Bakken wells would hardly move the Exxon Mobil production needle, but for some of the "pure Bakken-play" operators, a few good wells can make a huge difference. Look at the Oasis wells that came off the confidential list today:
  • 24927, 1,760, Oasis, Wayne Zumhof Federal 5300 44-15T, Willow Creek 1st Bench Three Forks, 36 stages, 3.8 million lbs sand/ceramic, t1/14; cum 32K 4/14;
  • 25221, 2,074, Oasis, Aspen Federal 5300 24-15B, Willow Creek, middle Bakken, 36 stages, 3.7 million labs sand/ceramic, t2/14; cum 54K 4/14; 
  • 25393, 2,614, Oasis, Augusta 5200 11-28B,  Camp, t1/14; cum 53K 3/14;
  • 25577, 3,134, Oasis, Ida 5200 21-28B, Camp, t1/14; cum 63K 4/14;
  • 25689, 1,992, Oasis, Crawford 5493 44-7T, Robinson Lake, t12/13; cum 35K 4/14;  
  • 25725, 1,468, Oasis, Jase 5892 21-30T, Enget Lake, t2/14; cum 25K 4/14;
  • 25726, 1,450, Oasis, Mahaila 5892 21-30H, Enget Lake, t2/14; cum 32K 4/14;
  • 25740, 810, Oasis, Fairfax 6093 12-26B, Gros Ventre, middle Bakken, 36 stages, 4.5 million lbs sand; t12/13; cum 27K 4/14;
  • 26057, 1,593, Oasis, Montague 5602 42-34 5B, Cow Creek, t2/14; cum 17K 4/14;
  • 26124, 1,041, Oasis, Lefty 5200 14-30 2T, Camp, t4/14; cum 13K 4/14;
  • 26178, 1,391, Oasis, Satsuma 5693 44-35B, Alger, t4/14; cum 11K 4/14;
  • 26179, drl, Oasis, Clementine 5693 44-35T, Alger, no production data,
  • 26182, 140, Oasis, Morgan 6093 12-6 1H, Gros Ventre, 1st Bench Three Forks, 36 stages; 4.3 million lbs sand; t1/14; cum 13K 41/4;
Other than these thirteen (13) wells, only two other wells will come off the confidential list today. 

So, what does the market have to say about this report? Let's check the market: the price of WTI oil is down slightly at the movement but Oasis up about 1.5%, up above $50/share again.

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here. 

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

Trading at new 52-week highs:  AAPL (again, shorts are really, really getting squeezed -- ouch); BHI, COP, CRL, EOG, HAL, HK, NFX, OKE, PSXP, SLB, SRE, UNP, HES, WFT.

Another poorly written analysis of AAPL -- the analysts must be short. 
at