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 2^nd drilling rig today. They have never had more than 2 rigs running.
 

Original Post

Active Rigs:

	7/3/2015	07/03/2014	07/03/2013	07/03/2012	07/03/2011
Active Rigs	76	190	190	215	172

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:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2015	29	27076	27454	12853	39204	35866	0
BAKKEN	4-2015	29	28803	29145	220	43483	40040	0
BAKKEN	3-2015	20	25825	25154	220	40454	37467	0
BAKKEN	2-2015	16	21508	20946	220	34412	23685	7753

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

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2015	31	30673	30660	11427	42942	38499	839
BAKKEN	4-2015	29	28329	28308	11762	45014	41620	0
BAKKEN	3-2015	31	39821	39733	18077	64043	59366	0

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

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2015	30	27820	27635	11090	38948	34719	1248
BAKKEN	4-2015	30	32731	33452	14145	49807	46021	0
BAKKEN	3-2015	30	39377	38722	38321	55128	27473	23113

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

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2015	31	24317	24233	14989	34044	30059	1280
BAKKEN	4-2015	30	24879	24922	18329	39520	36472	0
BAKKEN	3-2015	31	37379	37144	38191	52330	28297	19378

  ************************************
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.