Friday, May 23, 2014

BR's Blue Ridge Wells In The Keene Oil Field, Bakken, North Dakota, USA

I track the Keene oil field here.  Look how good the Blue Ridge well even as far back as 2010 was:
  • 25892, 1,728, BR, Blue Ridge 41-30MBH ULW, Keene, 4 sections, 8 stages, 6.6 million lbs, 11/13; and then, 13 stages, 2.9 million lbs, 5/14, t6/14; cum 329K 1/20; a real steady Eddy; still producing almost 3,000 bbls/month (12/18); producing about 2,000 bbls/month (5/19);
  • 25891, 2,805, Blue Ridge 44-31MBH, Keene, 30 stages, 3.4 million lbs, t1/14; cum 392K 1/20; off line as of 12/18; back on line 1/19;
  • 25890, 2,887, Blue Ridge 44-31TFH, Keene, t1/14; cum 317K 1/20; a real steady Eddy; still producing almost 3,000 bbls/month (12/18); production becoming sporadic (5/19); off line 6/19; remains off line 9/19;
  • 25888, 2,970, Blue Ridge 24-31TFH, Keene, t1/14; cum 265K 1/20;
  • 25887, 2,834, Blue Ridge 24-31MBH, Keene, t1/14; cum 369K 1/20; candidate for re-frack soon; production jumped a bit 4/19; off line 8/19; remains off line 9/19; back on line 11/19;
  • 25886, 2,886, Blue Ridge 34-31TFH, Keene, t1/14; cum 336K 1/20;
  • 20621, 3,591, Blue Ridge 14-31TFH, Keene, 8 stages, 7.7 million lbs, 5/12; and, then, 12 stages, 1.5 million lbs also in 5/12, t5/12; cum 388K 1/20;
  • 18290, 2,192, Blue Ridge 14-31H, Keene, t8/10; cum 397K 1/20; this one had five frack spreads:
    • 6/10: 10 stages, 1 million lbs
    • 8/10: 1 stage, 120K lbs
    • 8/10: 4 stages, 620K lbs
    • 8/10: 4 stages, 490K lbs
    • 8/10: 1 stage, 130K lbs
************************************
Early Production

Updated above:
  • 25892, 1,728, BR, Blue Ridge 41-30MBH ULW, Keene, 8 stages, 11/13; and then, 13 stages, 5/14, t6/14; cum 250K 4/17:
BAKKEN/THREE FORKS4-2015143548366551241803568612
BAKKEN/THREE FORKS3-201531948495601340758359691609
BAKKEN/THREE FORKS2-2015248138816987899169767146
BAKKEN/THREE FORKS1-2015311016810308139216094160900
BAKKEN/THREE FORKS12-2014291064910315139018582802810550
BAKKEN/THREE FORKS11-2014291191612060178718585185810
BAKKEN/THREE FORKS10-2014311589416518291527004257041300
BAKKEN/THREE FORKS9-2014302405523237413232965274245541
BAKKEN/THREE FORKS8-201430240792402331472642925636792
BAKKEN/THREE FORKS7-20142024622384463339133910
BAKKEN/THREE FORKS6-2014121172711727359515766015766
BAKKEN/THREE FORKS5-20140000000
BAKKEN/THREE FORKS4-20140000000
BAKKEN/THREE FORKS3-20140000000
BAKKEN/THREE FORKS2-20140000000

 20621, 3,591, Blue Ridge 14-31TFH, Keene, 8 stages, 7.7 million lbs, 5/12; and, then, 12 stages, 1.5 million lbs also in 5/12, t5/12; cum 340K 4/17:
BAKKEN/THREE FORKS2-2014281247213068149416376316303
BAKKEN/THREE FORKS1-2014218997855390066041656387
BAKKEN/THREE FORKS12-20130000000
BAKKEN/THREE FORKS11-2013246503683638831442863221
BAKKEN/THREE FORKS10-20133180327628668421721901949
BAKKEN/THREE FORKS9-2013306321650731337053054577
BAKKEN/THREE FORKS8-201331100259806131612428103821969
BAKKEN/THREE FORKS7-201361170148316519711188768
BAKKEN/THREE FORKS6-2013253301346920639493752135
BAKKEN/THREE FORKS5-201331902295538461356013336147
BAKKEN/THREE FORKS4-2013308625791628110383103090
BAKKEN/THREE FORKS3-2013313744338822348424230535
BAKKEN/THREE FORKS2-201328320733544933793195114
BAKKEN/THREE FORKS1-201331580858284011033587361521
BAKKEN/THREE FORKS12-2012318335870954817434173570
BAKKEN/THREE FORKS11-20123012090115381263246062446963
BAKKEN/THREE FORKS10-201231127761313217132397922959943
BAKKEN/THREE FORKS9-2012301359713302214121756164055276
BAKKEN/THREE FORKS8-20123121292215263129300581149018491
BAKKEN/THREE FORKS7-2012272352623296357932809032742
BAKKEN/THREE FORKS6-2012120835862770274
BAKKEN/THREE FORKS5-2012133045304529289220890

18290, 2,192, Blue Ridge 14-31H, Keene, t8/10; cum 354K 4/17:
BAKKEN/THREE FORKS3-201131129831303887823084215061578
BAKKEN/THREE FORKS2-20112812378124206761828790549163
BAKKEN/THREE FORKS1-20112311168116415201589377858051
BAKKEN/THREE FORKS12-201029197561923514502784055327215
BAKKEN/THREE FORKS11-2010302612726152188733252133177
BAKKEN/THREE FORKS10-20103119239193081557258575025806
BAKKEN/THREE FORKS9-201030000000
BAKKEN/THREE FORKS8-20105400737852000
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A Couple Of EOG Wells "In Flux" With Name Changes, Status; Nothing Significant In Big Scheme Of Things; Will Be Sorted Out Over Time

Mineral owners involved may find this information interesting. Or not.

Note: there may be typographical errors on my part. 

Look at this scout ticket:

NDIC File No: 25703    
Well Type: OG     Well Status: PNC     Status Date: 6/24/2013     Wellbore type: Horizontal
Location: SWSE 28-153-90     Footages: 445 FSL 2400 FEL   
Current Operator: EOG RESOURCES, INC.
Current Well Name: WAYZETTA 33-2829HC
Elevation(s): 2029 GL     Total Depth:       Field: PARSHALL
Completion Data
   Pool: BAKKEN     Status: PNC     Date: 6/24/2013
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 30,300     Cum MCF Gas: 12738     Cum Water: 11079
Monthly Production Data:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-20133030300306331107912738012589

See anything unusual? I put the data points that surprised me in red/bold.
1. PNC = permit canceled
2. This well produced 30,300 bbls of oil in first month of production. Not likely to be canceled.
Looking at the file report:
1. The permit, dated 4/30/13, was originally for a well with this name: Wayzetta 33-2829H.
2.  6/20/13: EOG requests the permit (Wayzeta 33-2829H) be canceled.  Received by NDIC 6/24/13.
3.  6/24/13: EOG requests name change to Wayzetta 33-2829HX. Received by NDIC 6/24/13.
4. 6/25/13: EOG requests well name change to Wayzetta 33-2829HC. Received by NDIC 6/28/13.
5. 12/12/3: EOG request 6-month confidentiality of Wayzetta 33-2829HC. Received by NDIC 12/19/13.
6. 2/4/14: EOG sundry form says production methods changed from flowing to ESP on January 11, 2014; well returned to sales on January 13, 2014. Received by NDIC on February 6, 2014. (Note: sundry form showed name of well as Wayzetta 33-2829H -- obviously a typographical error, missing the terminal "C.")
Comment: with last production data for month of December, 2013, on the scout ticket, most likely this well is not "PNC" but "CONF" and should come off the confidential list on/about June, 2014, and we might not see production data until August or September, 2014.

The well is not on the NDIC confidential list.

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

It appears an identical story for:
  • 25704, PNC, EOG, Wayzetta 34-2829HC, Parshall:
NDIC File No: 25704    
Well Type: OG     Well Status: PNC     Status Date: 6/24/2013     Wellbore type: Horizontal
Location: SWSE 28-153-90     Footages: 375 FSL 2400 FEL   
Current Operator: EOG RESOURCES, INC.
Current Well Name: WAYZETTA 34-2829HC
Elevation(s): 2029 GL     Total Depth:       Field: PARSHALL
Completion Data
   Pool: BAKKEN     Status: PNC     Date: 6/24/2013
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 30,968     Cum MCF Gas: 15846     Cum Water: 14549
Monthly Production Data:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-20132930968312391454915846015702

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

The two permits (#25703 and #25704) are still shown as PNC on the GIS map server:


There is another permit with the same well name in the screen shot above:
  • 25852, 553, EOG, Wayzetta 33-2829H, Parshall, t11/13; cum 142K 3/14;
NDIC File No: 25852    
Well Type: OG     Well Status: A     Status Date: 11/23/2013     Wellbore type: Horizontal
Location: SESW 28-153-90     Footages: 445 FSL 1950 FWL   
Current Operator: EOG RESOURCES, INC.
Current Well Name: WAYZETTA 33-2829H
Elevation(s): 2061 KB   2032 GR   2032 GL     Total Depth: 14697     Field: PARSHALL
Spud Date(s):  7/4/2013
Casing String(s): 9.625" 2138'   4.5" 14684'  
Completion Data
   Pool: BAKKEN     Perfs: 9743-14665     Comp: 11/23/2013     Status: F     Date: 11/30/2013     Spacing: 2SEC
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 141863     Cum MCF Gas: 49531     Cum Water: 29733
Production Test Data
   IP Test Date: 11/30/2013     Pool: BAKKEN     IP Oil: 553     IP MCF: 13     IP Water: 531
Monthly Production Data:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-2014313425834575383923204195473504
BAKKEN2-2014284408044008609523864237260
BAKKEN1-2014173060429924671124631946436
BAKKEN12-201330303003063311079000
BAKKEN11-20133262118012009000

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

The fourth well in the screen shot above:
  • 25853, 1,203, EOG, Wayzetta 34-2829H, Parshall, t12/13; cum 147K 3/14;
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Twenty-One (21) New Permits -- The Williston Basin, North Dakota, USA; Ten (10) Producing Wells Completed; Several "High IP" Wells

With 21 new permits today, the state is on track to issue 2,810  new permits this calendar year (2014):
  • 2014, as of today: 1,101 permits; on track for 2,810 permits this calendar year
  • 2013, at same point one year ago: 1,002 permits; on track for 2,558 permits for 2013
  • 2012, at same point two years ago: 817 permits; on track for 2,085 permits for 2012
Active rigs:


5/23/201405/23/201305/23/201205/23/201105/23/2010
Active Rigs191185211179116

Twenty-one (21) new permits --
  • Operators: Liberty Resources (4), Corinthian (4), Oasis (3), EOG (3), MRO (2), CLR (2), Slawson (2), Crescent Point
  • Fields: McGregor (Williams), North Souris (Bottineau), Robinson Lake (Mountrail), Big Bend (Mountrail), Parshall (Mountrail), Bell (Stark), Rainbow (Williams), Bailey (Dunn), Little Muddy (Williams)
  • Comments: CLR has a permit for a well in Bell oil field, Stark County, not often seen
Wells coming off the confidential list today were posted earlier; see sidebar at the right.

Ten (10) producing wells completed:
  • 25210, 2,789, HRC, Fort Berthold 148-95-22C-15-5H, Eagle Nest, t4/14; cum --
  • 25879, 277, Samson Resources, Comet 2635-7H, Ambose, 4 sections, t4/14; cum --
  • 26000, 1,701, Oasis, Kelter 7-1H2, Eightmile, 4 sections, t4/14; cum 7K 3/14;
  • 26048, 1,884, BR, Capitol 24-7MBH, Westberg, t4/14; cum --
  • 26358, 2,148, XTO, Rink 13X-4E, Garden, t4/14; cum --
  • 26359, 2,390, XTO, Rink 13X-4A, Garden, t4/14; cum --
  • 26360, 1,867, XTO, Rink 13X-4F, Garden, t4/14; cum --
  • 26361, 1,725, XTO, Rink 13X-4B, Garden, t5/14; cum --
  • 26915, 339, Samson Resources, Bel Air 2314-8H, Ambrose, spacing ICO, t4/14; cum --
  • 27087, 1,396, Whiting, Kaldahl 31-3H, Ray, t5/14; cum --
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Random Update On Privratsky Wells; Different Fields; Different Operators

The Privratsky wells:
  • 25471, 1,236, Whiting, Privratsky 24-22PH, Bell, t9/13; cum 43K 3/14;
  • 25470, 1,144, Whiting, Privratsky 14-22PH, Bell, t9/13; cum 45K 3/14;
  • 25469, conf, Whiting, Privratsky 41-27PH, Bell, 31K first month;
  • 25468, conf, Whiting, Privratsky 21-27PH, Bell, 28K first month;
  • 25467, conf, Whiting, Privratsky 11-27PH, Bell, 28K first month;
  • 21606, 19, OXY USA, Privratsky 1-28-33H-141-95, Simon Butte, t2/12; cum 70K 3/14;
  • 21346, PNC, OXY USA, Privratsky 1-28-33H-141-95 OLD, Simon Butte,
  • 16304, PNC, Ansbro Petroleum, Privratsky 41-28H, wildcat,
  • 15555, PNC, Petrosearch Operating, Petrosearch Privratsky 16-1, wildcat,
  • 13819, 279, Denbury Onshore, Privratsky 12A-3, a Lodgepole well, Eland, t10/95; cum 229K 3/14;
  • 13773, 2,908, Denbury Onshore, Privratsky 12-2, a Lodgepole well, Eland, t5/95; cum 741K 3/14;
  • 13531, DRY, Conoco, Privratsky 77, Eland, a Birdbear well, t6/93;
  • 10806, PA/20, JN Exploration, Privratsky 2, Zenith, a Heath well, t6/84; cum 824 bbls (no typo) 9/84 (essentially dry)
  • 9869, PA/20, JN Exploration, Privratsky 1, Zenith, a Heath well, t11/82; cum 614K bbls 6/98;
  • 7007, DRY, Supron Energy, Privratsky 1, wildcat, a Red River well, completed 7/79;
  • 850, DRY, William Herbert Hunt, Albert A. Privratskky 1, wildcat, a Red River well, compelted 6/55;
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From Seeking Alpha On Monterey Shale, California; TrainWreck In California; California Blue?

The link:
  • The revelation that California's Monterey Shale deposit will yield only 4% of what was originally hoped was not a big surprise to those in the know, who say the downgrade does little to alter the near-term trajectory of the energy renaissance.
  • Monterey's terrain, as well as California's strict environmental regulation, always meant full scale drilling would be difficult; Chevron bemoaned the lack of profit derived from its Monterey operations at a 2013 shareholders meeting, and Venoco - once one of the biggest drillers in the formation - exited most of its Monterey acreage years ago in order to reduce debt and go private.
  • The Monterey news does spotlight an element of the shale boom that often goes unremarked by fracking advocates: Shale wells are prone to rapid depletion rates, as spots in North Dakota's Bakken lose 85% of their capacity within a few years.
EOG's expectation is that Bakken wells will pay for themselves in one year, and possibly six months. All wells deplete. It's all about cost of wells, return on capital, and EURs. Even with a fast depletion rate, the production does eventually tend to level off; while the well is producing, the lease is "held by production." Bakken wells are expected to produce for 39 years. The rate of depletion is a metric well-understood by regular readers. Readers may want to note the Bakken projections to put the "85% depletion" in perspective.

California Blue, Roy Orbison
This may just be my favorite song of all time.
*******************************
TrainWreck In California
ObamaCare Enrollees Cannot Even Get Something So Basic As An Insurance Card

The Los Angeles Times is reporting a trainwreck in California that is not George W. Bush's fault:
Nearly 1,500 Californians have complained to state regulators in the last four months about their Obamacare coverage purchased through California's insurance exchange.
New data reveal the biggest category of complaints centers on getting confirmation of health plan enrollment and basic issues such as getting an identification card to obtain care.
Many consumers have also encountered difficulty finding a doctor who accepts their new coverage, as well as frustration with inaccurate provider lists, according to the California Department of Managed Health Care.
"If you have a medical condition and can't get care that is a very serious issue," said Marta Green, spokeswoman for the managed healthcare agency. "We are still working to resolve many of these cases."
The 23 veterans who died in Arizona because they couldn't get an appointment suggests that Ms Green is correct: "If you have a medical condition and can't get care that is a very serious issue." Wow, where do they find these people. Acorn?

The good news coming from these acorns is that 1,500 represents a very small number of potential complainers. Let's go golfing.

[Voter ID cards: no. Heathcare ID cards: yes, but you can't get 'em.]

*****************************
And Now Mr Obama Throws Half of Mt Rushmore Under The Bus

Mr Obama says the Founding Fathers screwed up the Constitution, and that explains why his administration has failed. I guess it took more than George W. Bush to explain all his failures. I can't make this stuff up.
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For Investors Only -- Friday, May 23, 2014 -- Going Into Long Weekend

S&P hits 1,900 for the first time. Flirts with intra-day high.  I see CNBC finally removed Dennis Gartman's talk of a correction this week. [See this update.]

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read at this site or anything you think you might have read.

WTI oil solidly above $104. 

NYSE/Dow hits new high.

Trading at new 52-week highs: AAPL, UNP, WMB. I can't remember if I saw this earlier -- UNP announced a 2-1 stock split a few days ago (yes, I see I did; I forgot). I still think we will see an announcement from XOM and CVX of a forthcoming split. Look at the chart/events.

I was intrigued when I saw the headline that "Tesla was on fire" over at CNBC -- I knew they weren't talking about batteries catching, but I was a little surprised that shares were moving. So I checked. Up less than a percent and well off its 52-week high. CNBC  certainly has its favorites. Meanwhile, not mentioned by CNBC, AAPL is trading at a new 52-week high, up almost $4.00.

******************************
Global Warming

It's hard to talk about global warming in Chicago -- President Obama. So, let's go golfing. 
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Labels:

Friday, May 23, 2014 -- WTI Solidly Over $104 Going Into Three-Day Weekend

Active rigs:


5/23/201405/23/201305/23/201205/23/201105/23/2010
Active Rigs188185211179116


RBN Energy: Questar to put back in service an old pipeline from Four Corners to Long Beach, CA.
A recent proposal from Questar could bring part of a pipeline that once shipped crude to Long Beach from Four Corners in the 1950’s back into service. Questar plans to convert the western segment of its Southern Trails pipeline to crude and rename it the Inland California Express. The pipeline origin would be a rail load terminal in Central California from where crude would flow to Long Beach refineries with over 1 MMb/d capacity. The Questar proposal will likely attract support from shippers in the Rockies as well as Western Canada but still be a stretch for crude loaded onto railcars in the Permian. Today we review the proposal.

 Recall that last year we evaluated the failed Kinder Morgan Freedom Pipeline proposal that would have run from West Texas to California. That project reinforced a commonly held belief that it is a financial and engineering stretch to build crude pipelines over the Rockies and Sierra Nevada mountain ranges that separate the eastern US from the West Coast. But that has not always been the case.
Over 50 years ago in 1957, Shell Oil led a consortium that developed the 700 mile Four Corners pipeline running from close to the borders of New Mexico, Arizona, Utah and Colorado, transporting midcontinent crude to refineries in Long Beach, CA.
The Four Corners pipeline was purchased by ARCO (Atlantic Richfield – now part of BP) in the 1970’s, renamed as the ARCO 190 pipeline and its direction was reversed to ship the company’s Alaska North Slope (ANS) crude, (delivered to Long Beach in tankers from Valdez, AK), east across the US to the Texas Gulf Coast.
But in 1982 the Transpanama Pipeline was opened across the Panamanian Isthmus to ship ANS to the Gulf Coast and by the late 1990’s, ANS crude production volumes were in decline. In 1998 ARCO sold the pipeline to interstate natural gas shipper Questar Pipeline Company who wanted to repurpose the line to ship natural gas westbound.
The Wall Street Journal

Existing-home sales rise -- for the first time this year -- up 1.3% in April.

 Explosive oil trains shrouded in secrecy! Secrecy of CBR causes concern.
Emergency responders in Cincinnati know that trains full of crude oil have been rumbling through their city; they can see mile-long chains of black tank cars clacking across bridges over the Ohio River.
But they don't know enough to feel prepared for the kinds of fiery accidents that have occurred over the last 10 months after oil-train derailments.
How many of the 100 trains that pass through residential neighborhoods and warehouse districts daily are carrying oil, for example? And when crude is carried, is it the kind that federal investigators have linked to explosions?
"We have no idea when trains are moving through and when they aren't," said Thomas Lakamp, special operations chief for the Cincinnati Fire Department. "The railroads aren't required to report to us."
A first step toward limited disclosure takes effect next month.
An emergency order from the U.S. Transportation Department in June will start requiring railroads to alert states about oil trains originating in North Dakota. But the rules, which follow accidents involving oil from North Dakota's Bakken Shale in such unlikely locations as Lynchburg, VA, and Aliceville, AL, already are coming under criticism. Some critics say the new rules are inadequate, while others worry that any disclosures will increase the likelihood of sabotage.
Most recalled GM car? Chevy Malibu.

Planting corn at warp speed: farmers are investing in more-sophisticated machinery to rapidly sow crops in narrow windows of favorable weather.

Sears loss widens on weak sales. The demise of the big box store continues. Is Sears even a big box store any more? Heard on the street: Sears catalog of worry isn't getting thinner. Sear's latest results show little sign of its long-term decline abating.

Best Buy sees continues sales declines. The demise of the big box store continues.

The Los Angeles Times

Global warming? What global warming? Scientists discover Tinkerbell wasp and see-through snail among ten (10) new species.

Long Beach beats out Los Angeles to host Formula E electric car race: pit stops will be measure in half-hour segments for re-charging.

Only in California: drought has an upside -- record-low rainfall means cleaner beach water.

Postage stamp honoring slain gay rights leader Harvey Milk unveiled. Got Milk?

Op-ed: Disneyland, the happiest, most crowded, most fleecing park on Earth.

The Dickinson Press

Harold Hamm sees 2-million bopd potential. Fargo Forum also has a video link:
http://www.inforum.com/event/article/id/435553/

Sean Hannity at Bakken conference in Bismarck. I haven't listened to Hannity in ages. I haven't watched him on television in years, but on the "thumbnail" at the link it looks like he's lost a lot of weight. Ill?
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