Tuesday, July 8, 2014

Twelve (12) New Permits -- The Williston Basin, North Dakota; Several Producers With "High-IP" Wells; MRO Reports A Huge Well; 4 Of 5 Wells Go To "DRL" Status; Tuesday, July 8, 2014

Earning(s) season officially opens:
Alcoa beats by $0.06, beats on revs; reaffirms FY14 global aluminum demand growth guidance +7%; raises North America commercial transportation mkt growth guidance: Reports Q2 (Jun) adj. earnings of $0.18 per share, $0.06 better than the Capital IQ Consensus of $0.12; revenues fell 0.2% year/year to $5.84 bln vs the $5.65 bln consensus.
Futures at 6:35 p.m. CDT: Dow down 6.00 points; WTI oil up about 8 cents.

Note on 2Q14: "everyone" has been saying that 2Q14 will be a great quarter (coming off a winter-induced collapse -- their word, not mine); but today the market falls 115 points and the headline says that was due to "earnings warnings. Perhaps 2Q14 won't come in so "hot." 

Active rigs:

7/8/201407/08/201307/08/201207/08/201107/08/2010
Active Rigs190186213170131

Wells coming off confidential list Wednesday:
  • 26244, drl, KOG, Koala 16-32-29-1H, Poe, no production data,
  • 26711, drl, Hess, BW-Arnegard State-151-100-3625H-3, Sandrocks, no production data,
  • 26807, 2,704, MRO, Earl Pennington USA 44-33H, Reunion Bay, producing, a huge well, 24,743 bbls, the first month, t5/14; cum 25K 5/14;
  • 27090, drl, Hess, GN-Alice-158-97-1324H-2, New Home, no production data,
  • 27311, drl, Enduro, LDCMU 4-44, Little Deep Creek, a Madison well, no production data,
Twelve (12) new permits  --
  • Operators: CLR (8), Fidelity (3), Enduro
    Fields: Camp (McKenzie), Zenith (Stark), Newburg (Bottineau)
    Comments: the CLR permits are for the Florida-Alpha pad in 14-152-100 (Camp oil field)
Wells coming off confidential list today were posted earlier; see sidebar at the right.

Fifteen (15) producing wells were completed:
  • 24508, 1,153, CLR, Norfolk 4-1H, North Tobacco Garden, t6/14; cum --
  • 25088, 1,267, Statoil, Edna 11-2-4TFH, Camp, t6/14 cum --
  • 25089, 2,941, Statoil, Edna 11-2 3H, Camp, t6/14; cum --
  • 25109, 995, CLR, Bonney 4-3H, Jim Creek, t6/14; cum --
  • 25110, 1,143, CLR, Bonney 3-3H1, Jim Creek, t6/14; cum --
  • 25892, 1,782, BR, Blue Ridge 41-30MBH ULW, Keene, Three Forks, 4 sections, t6/14; cum --
  • 26023, 2,213, Whiting,  Mork Farm 24-8-2H, Pleasant Hill, no frack data; gas averaged 4,139 units and peaked at 9,995 units; t6/14; cum --
  • 26024, 2,532, Whiting, Mork Farm 24-8H, Pleasant Hill, no frack data, gas as high as 5,761 units, t6/14; cum --
  • 26216, 1,440, EOG, Wayzetta 43-0311H, ICO, Parshall, no frack data, gas units not particularly remarkable, t6/14; cum
  • 26663, 1,487, Hess, HA-Link-152-95-3526H-4, Hawkeye, t6/14; cum --
  • 26720, 660, Hess, EN-State C-156-93-1615H-6, Alger, 4 sections, t6/14; cum --
  • 26959, 1,259, KOG, P Moen 155-99-14-11-2-3H3A, East Fork, no frack data, t6/14; cum --
  • 27050, 2,176, Whiting, Mork Trust 21-17-6H, Pleasant Hill, no frack data, t6/14; cum --
  • 27096, 1,042, BR, Ole Boe 44-14MBH-ULW, Haystack Butte, 4 sections, t6/14; cum --
  • 28089, 1,856, Whiting, Mork Trust 21-17-7H, Pleasant Hill, no frack data, background gas averaged 2,587 units and peaked at 8,609 units; t6/14; cum --
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