Sunday, March 22, 2015

Rocky Ridge Oil Field

On Monday, a well in Rocky Ridge oil field will come off the confidential list. Odds are it will be dry.

Rocky Ridge oil field is very irregularly shaped, running diagonally about 13 miles from its northwest corner down to its southeast corner. It has about 20 sections in all. It's a Tyler-Heath oil field. There are 72 permits/wells for that field including some that go all the way back to the late 1950's. Status of the wells/permits:
  • six (6) of those permits: PNC
  • nineteen (19) are permanently abandoned
  • three (3) are inactive
  • one (1)  well is still active (#6015)
  • one (1) is confidential -- it should come off the list Monday
  • forty-one (41) wells were dry
As dismal as those numbers suggest, four of the wells made it to the "monster well" list:
  • 1304, 1,224/PA, TXO Production, Lucy Fritz 1, Rocky Ridge, t1/57; cum 1.05 million 5/83;
  • 4971, 422/IA, Howie 11X2, Rocky Ridge, Heath, t1/71; cum 781K 11/13;
  • 8527, 257/IA, Omimex, Fritz A 1-R, Rocky Ridge, Heath, t6/71; 42 years; cum 712K 6/14;
  • 9869, PA/20, JN Exploration, Privratsky 1, Zenith, a Heath well, t11/82; cum 614K 6/98;
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Many Great Wells Coming Off Confidential List Over The Weekend, Monday -- March 23, 2015

Monday, March 23, 2015
  • 22228, drl, Slawson, Vixen Federal 2-19-30H, Van Hook, no production data,
  • 26609, 1,703, Enerplus, Pride 150-94-06A-18H TFH, Spotted Horn, t10/14; cum 135K 1/15;
  • 26777, 940, EOG, Mandaree 135-05H,  Squaw Creek, t10/14; cum 70K 1/15;
  • 27846, 1,064, Whiting, Langwald 24-9-1H, Hay Creek, t9/14; cum 29K 1/15;
  • 27847, 678, Whiting, Langwald 24-9HU, Harding, t10/14; cum 24K 1/15;
  • 28091, 937, Whiting, Asbeck 21-16-1H, Hay Creek, t10/14; cum 33K 1/15;
  • 28141, 1,322, Hess, HA-Swenson-152-95-1819H-8, Hawkey, t2/15; cum --
  • 28196, drl, SM Energy, Phylis 14X-12H, Poe, no production data,
  • 28258, 2,319, QEP, Linseth 3-33-15BH, Grail, t12/14; cum 53K 1/15;
  • 28259, 2,009, QEP, Linseth 3-22-15TH, Grail, t12/14; cum 68K 1/15;
  • 28260, 2,424, QEP, Linseth 4-22-15BH, Grail, t12/14; cum 68K 1/15;
  • 28261, 2,103, QEP, Linseth 16-21-15-22LL, Grail, t12/14; cum 52K 1/15;
  • 28972, drl, PetroHunt, K. Thorson 159-94-7A-18-1HS, North Tioga, no production data,
Sunday, March 22, 2015
  • 27478, 871, WPX, Kale Bad Brave 19-18HW, Squaw Creek, t1/15; cum 5K 1/15;
  • 27757, 1,174, EOG, Parshall 73-2127H,  Parshall, 1920-acre spacing, TD in 9 days; 48 stages, 12.55 million lbs, t9/14; cum 102K 1/15;
  • 28140, 1,303, Hess, HA-Swenson-LW-152-95-1819H-1, 4 sections, Hawkeye, t2/15; cum --
  • 28197, drl, SM Energy, Luke 14-12H, Poe, no production data,
  • 28379, drl, XTO, McCoy 44X-23G2, Siverston, no production data,
  • 28750, 441, CLR, Miramar 2-32H, Elk, t2/15; cum --
  • 28767, 970, Newfield, Sand Creek Federal 153-96-21-28-2H, Sand Creek, t1/15; cum 26K 1/15;
  • 29279, dry, MBI, Wolberg 18-1, Rocky Ridge, no production data,
  • 29335, conf, Flatirons, Bryans 34-36H, Lake Darling, producing, albeit not much,  
Saturday, March 21, 2015 
  • 25293, drl, Whiting, Charging Eagle 10-14-11-2H3, Twin Buttes, no production data,
  • 25854, drl, Statoil, Skarson 1-12 2TFH, Banks, no production data,
  • 26778, 704, EOG, Mandaree 110-05H, Squaw Creek, 21 stages; 5.5 million lbs, t9/14; cum 80K 1/15;
  • 27473, 2,732, Whiting, Sovig 24-22-3H, Arnegard, t9/14; cum 52K 1/15;
  • 27474, 2,321, Whiting, Sovig 24-22-4H, Arnegard, t9/14; cum 59K 1/15;
  • 27475, 2,548, Whiting, Sovig 24-22-5H, Arnegard, t9/14; cum 63K 1/15;
  • 27476, 2,858, Whiting, Sovig 24-22H, Arnegard, 30 stages; 3.5 million lbs, t9/14; cum 60K 1/15;
  • 28682, drl, CLR, Leonard 3-12H1, Northwest McGregor, no production data,
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26609, see above, Enerplus, Pride 150-94-06A-18H TFH, Spotted Horn:

DateOil RunsMCF Sold
1-20152312822017
12-20142933425167
11-20142927827725
10-20144457553816
9-201479738893

26777, see above, EOG, Mandaree 135-05H,  Squaw Creek:

DateOil RunsMCF Sold
1-20151174821323
12-20141978935859
11-20141554517056
10-20142178840760
9-2014526225

28258, see above, QEP, Linseth 3-33-15BH, Grail:

DateOil RunsMCF Sold
1-20153365225783
12-2014193618493

28259, see above, QEP, Linseth 3-22-15TH, Grail:

DateOil RunsMCF Sold
1-20153227226553
12-20143600223200

28260, see above, QEP, Linseth 4-22-15BH, Grail:

DateOil RunsMCF Sold
1-20153223723948
12-20143533323953

28261, see above, QEP, Linseth 16-21-15-22LL, Grail:

DateOil RunsMCF Sold
1-20152840816761
12-2014232109156

27757, see above, EOG, Parshall 73-2127H,  Parshall:

DateOil RunsMCF Sold
1-2015163857423
12-20142337821412
11-20143016624108
10-20142409117161
9-201477625083

28767, see above, Newfield, Sand Creek Federal 153-96-21-28-2H, Sand Creek:

DateOil RunsMCF Sold
1-2015235200
12-201421010

26778, see above, EOG, Mandaree 110-05H, Squaw Creek:

DateOil RunsMCF Sold
1-20151120420604
12-20141373820122
11-20141584918101
10-20143225845118
9-20146606705

27473, see above, Whiting, Sovig 24-22-3H, Arnegard:


DateOil RunsMCF Sold
1-201593635842
12-201492162355
11-201473191871
10-2014119202170
9-2014136170

27474, see above, Whiting, Sovig 24-22-4H, Arnegard:

DateOil RunsMCF Sold
1-201580018640
12-201481653255
11-201493792788
10-2014185765448
9-2014138950

27475, see above, Whiting, Sovig 24-22-5H, Arnegard:

DateOil RunsMCF Sold
1-2015786812167
12-201486845087
11-2014151674820
10-2014159943526
9-2014149470

27476, see above, Whiting, Sovig 24-22H, Arnegard:

DateOil RunsMCF Sold
1-2015840512606
12-2014101774999
11-201492263010
10-2014161533030
9-2014154030
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Another Derailment -- This One In Alberta -- March 22, 2015

Tweeting now:


Photo: Train derailment on Highway 13 westbound just outside of Wetaskiwin, Alberta - @WetaskiwinTimes

Quick: what are the clues that this train was not carrying Bakken crude oil? Answers:
  • this derailment occurred in western Canada
  • there was no fire
  • there was no explosion
  • Brian Williams was not on scene
But most importantly, Bakken crude oil is generally not carried in covered hopper cars. 
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Price Of Gasoline Continues To Creep Upward; Talk Of Oil Continuing To Fall -- Something Doesn't Make Sense -- March 22, 2015; $5 Gasoline

But investors may be looking at that "spread."

Whatever.

In our neighborhood, where the price of the least expensive gasoline almost touched $1.99/gallon a few months ago, when oil was priced higher than it is now, gasoline is now in the $2.35/gallon range.

But I'm not complaining. Out in California, highest gas prices are found in Los Angeles and San Francisco (dynamic link):


It should be noted that is should be relatively easy to find gasoline at less than $3.50/gallon in most of California, and prices are falling.

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Come Back To This Later

EPD: insider buying? Investopedia is reporting:
This past week, insiders at Enterprise Products Partners bought $100 million of the company's common units.
While that is a lot of money, it is important to note that the investment was made by EPCO, which is a privately held company that is largely owned by the family members of the company's founder. In fact, with that investment EPCO owns 35% of Enterprise's common units.
Still, given that EPCO already owns such a large percentage of the company, this investment does suggest that insiders are very bullish on Enterprise's future prospects.
One area where the company is focusing a lot of its growth capital is on increasing its export capacity. By the end of this year it expects to double its industry-leading propane export capacity and by the third quarter of next year it will complete the construction of an ethane export facility on the Gulf Coast.
These projects will help get these key natural gas liquids to world markets and help ease oversupply issues, and discounted prices, in the U.S. Furthermore, the company's focus on exports has put it in a prime position to export oil if the U.S. ends its 40-year ban on crude exports, which is something that's growing more likely by the day due to an oversupply, and a discounted price, of light oil in the U.S.
Disclaimer: this is not an investment site. Do not make any investment, financial, or relationship decisions based on what you read here or what you think you may have read here.
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Owner Of 15 Million Mineral Acres Files For IPO -- March 22, 2015

Disclaimer: this is not an investment site. Do not make any investment, financial, or relationship decisions based on anything you read here.

I have no financial or investing interests in this story. It is posted to help me understand more about the Bakken, who the players are, how the Bakken compares to other plays across the US. Again, there is absolutely no investing interest on my part with regard to this story. I have no interest, whatsoever, on in the financial aspects of this filing, per se. The financial story will be of more interest as time goes by.

Platts reported that Black Stone Minerals, L.P., is filing for an IPO. The SEC filing is here:  http://www.sec.gov/Archives/edgar/data/1621434/000119312515098669/d792115ds1.htm

A "well search" over at the NDIC website does not reveal any well operated by Black Stone Minerals (which is what one would expect based on the description of the company at the SEC link).

Operators in the Bakken are tracked here. 

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Three screen shots from the filing:





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