Friday, July 3, 2015

Friday, July 3, 2015 -- Part II

Updates

Later, 12:08 p.m. Pacific time: this is not an investment site, but contributors to SeekingAlpha have really written some nice articles on the Bakken (particularly Richard Zeits and Michael Filloon). I see that Seeking Alpha has a new CEO, and the out-going CEO and founder provides a nice look at the future (and some notes on the past) Seeking Alpha. It's interesting to see that another highly successful individual needs time to recharge his/her batteries.

Later, 11:49 a.m. Pacific time: a reader writes -- Just  a note, ERF also added  a 2nd drilling rig today. They have never had more than 2 rigs running.
 
Original Post
Active Rigs:


7/3/201507/03/201407/03/201307/03/201207/03/2011
Active Rigs76190190215172

ERF: I don't know if folks have been following this company on the stock market. I have not looked at it recently except that it shows up on my "computer desktop" and I see it out of the corner of my eye (or eyes, depending on which way I happen to be looking). Whatever. A reader sends me a reminder to look at production profiles of five recently completed ERF wells. Here are four: 21536, 21537, 21538, 21539, on neighboring two-well pads in Spotted Horn on the reservation. In addition to the production profile, note the completion provided below:

21536, 1,348, ERF, Mandan 150-94-32C-29H TF, Spotted Horn, t2/15; cum 103K 5/15:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20152927076274541285339204358660
BAKKEN4-201529288032914522043483400400
BAKKEN3-201520258252515422040454374670
BAKKEN2-201516215082094622034412236857753

21537, 1,522, ERF, Hidatsa 150-94-32C-29H, t2/15; cum 121K 5/15:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-2015313067330660114274294238499839
BAKKEN4-20152928329283081176245014416200
BAKKEN3-20153139821397331807764043593660

21538, 2,143, TAT 150-94-32D-29H, t2/15; cum 101K 5/15:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20153027820276351109038948347191248
BAKKEN4-20153032731334521414549807460210
BAKKEN3-201530393773872238321551282747323113

21539, 1,852, ERF, Arikara 150-94-32D-29H TF, 40 stages, 10 million lbs, t3/15; cum 89K 5/14:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20153124317242331498934044300591280
BAKKEN4-20153024879249221832939520364720
BAKKEN3-201531373793714438191523302829719378
 
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Supreme Income

From an article in 2009, Ms Sotomayor's net worth was probably a negative $25,000:
9. Justice Sonia Sotomayor – $22,500 in the red – Sotomayor, the Supreme Court’s first Hispanic justice and its most recent appointee, is by far the least well-off. She is one of just two justices to report a liability and the only one to report more than one. In 2009, she owed between $15,000 and $50,000 to her dentist, and as much as $15,000 a piece to four credit card companies: American Express, Discover Card, Mastercard and Visa. Additionally, she is the only justice to report holding no stocks or bonds. Her net worth could be as low as $95,000 in debt or as high as $50,000 in the black.
Quick, fast forward to the present. I can't find the date of this post, but it's probably 2013 or thereabouts. Ms Sotomayor's net worth is now over $4 million and that does not include her primary residence.

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