Random Update Of A Chesapeake/CLR Tyler Well In Billings County; Just Taken Off-Line

• 16219, IA/150, CLR/Chesapeake, Tracy Mountain 2-16, a Tyler well, vertical, depth of 8,281 feet; fracked with about 60,000 lbs proppant; Billings County, t8/06; cum 105K 2/14; taken off-line 2/14;

Note: this well would have been very inexpensive to drill. It was a vertical well to only 8,000 feet. It has produced over 100,000 bbls of oil in just a few years. It will be interesting to see why this well was taken off-line.

December 10, 2008: operator change from Chesapeake to Continental Resources.

First twelve months of production:

TYLER	8-2007	31	1940	1560	1396	0	0	0
TYLER	7-2007	31	2131	2232	1475	0	0	0
TYLER	6-2007	30	2094	2016	1377	0	0	0
TYLER	5-2007	31	2078	1980	1436	0	0	0
TYLER	4-2007	30	1910	2036	1523	0	0	0
TYLER	3-2007	31	1956	1792	1580	0	0	0
TYLER	2-2007	28	1828	1795	1462	0	0	0
TYLER	1-2007	30	1966	2012	1743	0	0	0
TYLER	12-2006	29	1833	1764	1779	0	0	0
TYLER	11-2006	30	1529	1732	2039	0	0	0
TYLER	10-2006	12	584	448	1487	0	0	0
TYLER	9-2006	30	2331	2383	2091	0	0	0
TYLER	8-2006	30	2645	2223	3466	0	0	0

Most recent twelve months of production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
TYLER	3-2014	0	0	0	0	0	0	0
TYLER	2-2014	18	165	211	586	0	0	0
TYLER	1-2014	31	374	198	1149	0	0	0
TYLER	12-2013	31	289	421	1199	0	0	0
TYLER	11-2013	25	74	0	1303	0	0	0
TYLER	10-2013	15	167	196	392	0	0	0
TYLER	9-2013	30	438	425	1044	0	0	0
TYLER	8-2013	31	434	413	1056	0	0	0
TYLER	7-2013	31	410	415	1051	0	0	0
TYLER	6-2013	30	363	418	1011	0	0	0
TYLER	5-2013	31	333	426	1075	0	0	0
TYLER	4-2013	27	209	0	1121	0	0	0
TYLER	3-2013	22	408	591	710	0	0	0

Too Precious To Lose, Page 2

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For The Archives: Primary Petroleum Is No Longer Primary Petroleum; Air America Radio Personality Ed Schultz To Drift Away

On the blog there has been an occasional reference to Primary Petroleum (PETEF.PK). Ever wonder what happened to Primary Petroleum?

The press release:

Primary Petroleum Corporation (TSX VENTURE:PIE)(PETEF) ("Primary" or the "Corporation"), and Keek Inc. ("Keek"), a private Ontario corporation, announced today that they have entered into an arm's length letter of intent dated November 15, 2013. Keek is a private global social video company that enables its users to create up to a 36 second video message (a "keek") and share it with the Keek community.

Yes, the Primary Petroleum company sold all its oil and gas assets, and was "bought" by Keek. Keek had the plan; Primary Petroleum had the cash.

At the time the deal was closed, MarketWatch reported:

Keek is a global interactive video content network which at a click of a button allows users to distribute its content in real time. A Keek is a short video (up to 36 seconds) and 111 characters of accompanying text that can be enabled thru the web, IOS, Android, Window 8 and BlackBerry 10 mobile platforms. Users can interact on Keek directly with other users through "keekbacks", the platform's unique ability to respond to a keek (short video) with a keek. These interactions can occur in either a public or private view. Private sessions can include up to 35 others. 

The Financial Post also provided a bit of background.

Before the reverse takeover, The Wall Street Journal reported:

Primary is a junior oil and gas company engaged in exploration and development activities in NW Montana and currently holds substantial land positions in both an unconventional and conventional oil play. The Company's mandate is to continue to acquire strategic opportunities in the Sedimentary Basins of the Western United States and Canada and seek out qualified industry partners to assist in the exploitation and development.

I never invested in Primary Petroleum, though I remember thinking about it at the time. And now it's an internet video content provider.

I guess it just sort of drifted away.

Drift Away, Rod Stewart

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

Also drifting away:

Less than a week after Air America Radio refugee Randi Rhodes signed off with her last broadcast, libtalker Ed Schultz announced that he too is ending his radio show.

The 3-day Memorial Day weekend turned out even better than I could have imagined. LOL.

Update On A KOG Well Not Fracked For Two Years

Back on June 20, 2013, I posted something I said "was not ready for prime time." Now, we know the rest of the story.

Go back to this link to re-familiarize yourself with this well:

• 18987, 223, KOG, Two Shields Butte 14-21-16-2HS, t4/11; cum 282K 4/13; 

There are four wells on the pad that this well is on. I will only look at this well, assuming a similar story for the others.

What surprised me was this well (and a neighboring KOG well) had some of the worst IPs I had ever seen, and was curious.

Here's the entire production history:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2014	28	10304	10244	3534	6903	6337	483
BAKKEN	2-2014	28	10310	10355	3622	7038	6588	366
BAKKEN	1-2014	31	11942	11937	4203	7897	6735	1069
BAKKEN	12-2013	31	12437	12702	4262	7857	5996	1768
BAKKEN	11-2013	30	11978	11774	4001	7197	4081	3026
BAKKEN	10-2013	31	13253	13207	4557	8925	2681	6151
BAKKEN	9-2013	30	14453	14463	5293	11013	571	10352
BAKKEN	8-2013	31	16490	16410	5741	12938	1882	10963
BAKKEN	7-2013	31	18320	18416	5891	13227	3988	9146
BAKKEN	6-2013	28	18799	18789	6337	13916	5396	8440
BAKKEN	5-2013	31	24082	24140	8336	14066	9562	4411
BAKKEN	4-2013	30	29922	29870	11756	19524	6877	12557
BAKKEN	3-2013	30	39986	39636	33530	22340	0	22251
BAKKEN	2-2013	0	0	0	0	0	0	0
BAKKEN	1-2013	0	0	0	0	0	0	0
BAKKEN	12-2012	1	1	75	0	0	0	0
BAKKEN	11-2012	20	1478	1731	30	1118	0	1058
BAKKEN	10-2012	31	2354	2081	20	1760	0	1668
BAKKEN	9-2012	30	2050	2359	28	1596	0	1507
BAKKEN	8-2012	23	2184	1953	27	1482	0	1415
BAKKEN	7-2012	25	2176	2134	19	1601	0	1536
BAKKEN	6-2012	30	2516	2576	44	1939	0	1852
BAKKEN	5-2012	31	3038	2978	59	2257	0	2166
BAKKEN	4-2012	17	2043	2017	28	1333	0	1282
BAKKEN	3-2012	2	546	561	528	263	0	257
BAKKEN	2-2012	29	2765	2778	1606	1903	0	1819
BAKKEN	1-2012	31	3042	3021	1913	2106	0	2016
BAKKEN	12-2011	31	3222	3232	2933	2259	0	2166
BAKKEN	11-2011	29	3328	3594	774	2885	0	2160
BAKKEN	10-2011	18	1809	1824	1974	1087	0	637
BAKKEN	9-2011	21	1751	1766	181	889	0	364
BAKKEN	8-2011	31	2774	2902	741	1609	0	834
BAKKEN	7-2011	29	2552	2836	12	1581	0	856
BAKKEN	6-2011	30	3650	3285	410	2219	0	1469
BAKKEN	5-2011	26	4007	4006	114	2470	108	1712
BAKKEN	4-2011	10	1713	1535	153	863	0	613
BAKKEN	3-2011	1	0	0	48	0	0	0
BAKKEN	2-2011	1	323	0	0	0	0	0
BAKKEN	1-2011	0	0	0	0	0	0	0
BAKKEN	12-2010	0	0	0	0	8903	0	845

1. Note the poor production history for the first two years. It turns out the well was drilled in late 2010, but was not fracked until some time later.

2. The production one sees between 12/10 and 12/12 was from an unfracked well.

3. At the time of the original post, the spacing was still "ICO" -- to be determined.

4. We now know the spacing is 640 acres. Interestingly, however, it is a long lateral but the spacing is the east half of section 16 (320 acres) and the east half of section 21 (320 acres) of 149-92.

5. The well was taken off-line November, 2012, and not brought back on-line until March, 2013. It was during this period that the well was fracked. This well has produced almost 235,000 bbls of oil since it was fracked, and the spacing was only 640 acres.

6. Although not a great well before it was fracked, nonetheless, it produced as much as some fracked wells in other parts of the Basin.

7. The IP of the unfracked well was 223 as noted above. What the scout ticket does not tell us is that the IP of the well when it was finally fracked was 2,061, 27 stages, 4 million lbs of sand.