Tuesday, September 30, 2014

Two More Zavanna Wells East Of Williston Reported; SM Energy With Two Nice Wells; Oil May Drop Below The $90 Support Level Today -- If It Already Hasn't -- September 30, 2014

I see Microsoft is going to Windows 10, skipping Windows 9.

I assume this is more marketing than anything. Apple went to MacOS X some time ago -- like 12 years ago.

It seems Microsoft should have leapfrogged to Windows one-one.

Now, it's Ebola. Some say it may be George W. Bush's fault. 

Daily Activity Report

Active rigs:

Active Rigs190184190201144

Wells coming off the confidential list today were posted earlier; see sidebar at the right.

Eleven (11) new permits --
  • Operators: CLR (7), Statoil (2), Petro-Hunt (2)
  • Fields: Rattlesnake Point (Dunn), Corral Creek (Dunn), Todd Williams), East Tioga (Williams)
  • Comments:
Wells coming off the confidential list Wednesday:
  • 25925, 578, Baytex, Les hall 18-19-162-99H-2DM, Ambrose, t4/14; cum 44K 7/14;
  • 25926, 488, Baytex, Kathlyn Hall 18-19-162-99H-3DN, Three Forks, Ambrose, t4/14; cum 49K 7/14;
  • 26099, 548, OXY USA, Evelyn Kary 4-22-15H-144-97, Cabernet, t3/14; cum 54K 7/14;
  • 26100, 528, OXY USA, Evelyn Kary 3-22-15H-144-97, Cabernet, t3/14; cum 27K 7/14;
  • 26983, drl, Hess, HA-Nelson-152-95-3328H-6, Hawkeye, no production data,
  • 27031, 466, CLR, Myrtle 7-7H, Northwest McGregor, t7/14; cum 9K 7/14;
  • 27582, conf, MRO, Gorey 44-10TFH, Chimney Butte, t7/14; cum 11K 7/14;
  • 27605, drl, BR, Bullrush 34-10TFH-A, Elidah, no production data,
Eleven (11) producing wells completed:
  • 25552, 616, Zavanna, Bear Cat 33-28 3TFH, Williston, t9/14; cum --
  • 25553, 1,802, Zavanna, Bear Cat 33-28 2H, Williston, t9/14; cum --
  • 25674, 3,113, Statoil, Lucy Hanson 15-22 4H, Catwalk, t8/14; cum --
  • 26238, 591, CLR, Pierre Federal 7-21H, Dollar Joe, 4 sections, t9/14; cum --
  • 26239, 712, CLR, Pierre Federal 6-21H1, Dollar Joe, 4 sections, t9/14; cum --
  • 26629, 516, CLR, Mack 12-2H2, Antelope, one section, t9/14; cum --
  • 26658, 889, SM Energy, Hank 13X-7H, Poe, t6/14; cum 32K 7/14;
  • 26659, 931, SM Energy, Emma 13-7H, Poe, t6/14; cum 51K 7/14;
  • 27055, 1,306, Petro-Hunt, Van Hise Trust 153-92-28D-21-1HS, Charlson, 4 sections, t9/14; cum --
  • 27663, 452, CLR, Mercer 1-13H, Ellisville, t9/14; cum --
  • 27956, 275, SM Energy, Dorothy 3-27HST, wildcat, 27-163-101, t7/14; cum 10K 7/14;

25926, see above, Baytex, Kathlyn Hall 18-19-162-99H-3DN, Ambrose:

DateOil RunsMCF Sold

Is It Just Me .... 

... or are others wondering where John Kerry is? No global warming speeches lately? I don't even know which country he is in today.
... or does it seem that the "latte president" is golfing less these days?
.... or does it now make sense why the president quit attending those intelligence briefings? It turns out the intelligence was wrong; really underestimated the threat of IS (ISIS) (ISIL) (EIEIO)


  1. Look at those rigs back up to 190. Woot woot!

    1. Compared to 201 three years ago, same day. But, yes, nice to see it back up a bit.

  2. Probably a good time to do maintenance and repairs getting ready for the long haul of pad drilling through the winter months.
    Also I thought it was interesting to note that I think it was Harold Hamm in a press release about their new find in Oklahoma (not included in their recent presentation) noted that they had 27 rigs drilling in Oklahoma and within the next couple years they would double that number if memory serves me correct. In the world of rate of return Oklahoma compared to ND you have milder winters, more legacy infrastructure in place, a larger available work force skilled in the trades needed to support the industry, likely better market conditions to sell your product, and it used to be anyway a much more favorable tax climate. With Bakken technology being applied to mature basins all over the country is it possible we are on the verge of seeing the Bakken become less relevant?

    1. I've always said that there are other "plays" that will compete for resources, something the Bismarck legislators have to keep in mind. Texas will always be the big competitor.

      By the way, you are correct. I saw the same quote that CLR would double its rigs in Oklahoma.

      If one is trying to read the tea leaves for the drilling pace in the Bakken, I think the best metric is daily permits: the number of permits issued; who is getting them; where they are drilling; etc.