Updates
September 16, 2014: an astute reader noted that CLR used all ceramic in the big well noted below. The reader suggested that using all ceramic made for a very expensive well. That would have been true in the "old days," and is probably still true, but one wonders with the high cost of transportation now, whether the full cost of sand vs ceramic is that big a deal. I don't know; just wondering. (After the reader pointed out the "all-ceramic angle," I updated the original post below.)
Original Post
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Note: follow-up on that "huge" well CLR is reporting near Divide County:
- 27545, 739, CLR, Knox 1-16H, Winner, middle Bakken at 9,655 feet; 30 stages; 3.4 million lbs sand + ceramic; t6/14; cum 33K 7/14; interesting: neither unusual number of stages OR unusual amount of proppant (all ceramic: 1,185,692 lbs of 40/70 ceramic & 2,262,574 lbs of 30/50 ceramic); geology report not yet filed. Production for first three months at this post.
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Active rigs:9/15/2014 | 09/15/2013 | 09/15/2012 | 09/15/2011 | 09/15/2010 | |
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Active Rigs | 199 | 178 | 193 | 200 | 146 |
Wells coming off the confidential list today, this weekend, were posted earlier; see sideabar at the right.
Wells coming off the confidential list Tuesday:
- 26667, 563, Emerald Oil, Ty Webb 1-1-12H, Sheep Butte, t3/14; cum 32K 7/14;
- 27226, drl, Hess, BW-R Peterson-149-99-1102H-3, Cherry Creek,
- Operators: Whiting (5), KOG (4), OXY USA (2), Denbury Onshore, American Eagle
- Fields: Hay Creek (McKenzie), Nelson Bridge (McKenzie), East Fork (Williams), Manning (Dunn), Cedar Hills (Bowman), Colgan (Divide)
- Comments:
- 26409, 1,964, BR, CCU Corral Creek 11-28MBH, Corral Creek, unitized, t8/14; cum --
- 26962, 1,283, BR, NOrman 11-4TFH, Fancy Buttes, 4 sections, t8/14; cum --
Operator transfer: five wells in Williams County from QEP to Triangle Petroleum.
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Putting The Bakken Into Perspective
Putting The Bakken Into Perspective
- ConocoPhillips is auctioning its 24% stake in the Clair oil field in the U.K. North Sea and hopes to bring in $2B-$3B, FT reports.
- The project, which sits in Scottish territorial waters, is one of the U.K.’s most prized oilfields, and FT says COP's interest in exiting the project is a sign of the challenges facing the North Sea oil industry.
- Some campaigners for a Yes vote in Thursday’s referendum on Scottish independence have argued that Clair could generate income and tax revenues that would sustain Scotland’s public finances for decades, but industry sources have emphasized the technical difficulties of extracting the oil.
- BP is operator of the field and owner of a 28.6% stake; Royal Dutch Shell also owns 28.6%, while Chevron owns 19%.
The Sting
Previously reported; this is another report. CNBC is reporting:
Up to 115,000 people stand to lose Obamacare health insurance coverage by Sept. 30, and another 336,000 people are at risk of losing federal subsidies to pay for that coverage, officials revealed Monday.
The IRS will go after those folks who lied about their incomes.The 115,000 people failed to show valid proof of citizenship or legal residency for the insurance plans they bought through HealthCare.gov, a top federal official revealed Monday.
the Claire oil field/ compare to the Wll /KOG sale Kog got 6 billion for it acreage and Approx 40,000 BOEPD of production. If 24 % is worth 3 Billion then this field is a 12 Billion $$ field, with 8 Billion BO and 120,000 BOPD production.. don
ReplyDeletehttp://www.businessforscotland.co.uk/clair-ridge-and-scotlands-new-oil-boom/
Very interesting. I was thinking of the challenges of deep sea drilling in the North Atlantic compared to drilling on land in the beautiful summers we have in North Dakota. And, then, of course, a few tough days in the winter. Smile. Folks can complain about working in remote North Dakota but it has to beat the North Sea: Williston offers Fudruckers, Buffalo Wings, and two strip bars.
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