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Wednesday, December 16, 2015

About That NDIC Spreadsheet Error -- Maybe Not So Fast -- December 16, 2015

This post is done somewhat tongue-in-cheek.

Earlier today there was a story that the NDIC recently discovered an error in their "master" spreadsheet. The spreadsheet had calculated that the Fort Berthold Reservation accounted for "30%" of all oil produced by the Bakken in North Dakota. In fact that was an error. Corrected, the reservation apparently accounts for 17% of all oil produced by the Bakken in North Dakota. The story is at The Dickinson Press.

Among the many prolific oil fields in the reservation are Clarks Creek oil field and the Antelope oil field.

EOG's Hawkeye wells in Clarks Creek and the Antelope oil fields have, pretty much, all surpassed the 500,000 bbls of oil (cumulative) of the Hawkeye wells that have been drilled. It might be hard to find a "family" of wells that have produced so much.

Tomorrow, we're going to see what EOG's Riverview wells are capable of producing in these two oil fields. (Riverview wells in Antelope oil field; Riverview wells in Clarks Creek oil field.)

Based on the production that is now being produced in these two fields in the reservation and the severe cut-back in oil production throughout much of the rest of the Bakken (due to the slump in oil prices), it may turn out that the reservation in the not too distant future does account for 30% of all Bakken oil produced in North Dakota.

Now that would be "funny."

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A Note to the Granddaughters

That reminds me of a story. Many, many years ago, maybe 20, 25 years ago, now, I forget. My brother-in-law worked in a grocery store out in California, Ralph's to be precise. One of his responsibilities was to order bottled water that was sold by that particular Ralph's. I don't know how he did it, but one day he made a significant error, and ordered on the magnitude of 10x more bottled water than what was usually ordered, 10x more than necessary.

When the pallets and pallets of bottled water arrived, the error was considered so "bad," that despite years of good service, it appeared he might be fired.

That evening, overnight, a severe earthquake hit southern California. The one thing everyone needed that next morning was lots of bottled water.

Overnight, my brother-in-law went from being the village idiot to being a local hero.

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