Monday, May 25, 2015

Chinese "Silk Road" -- May 25, 2015

Back on May 6, 2015, I had a short piece on If interested, at the link, you will need to scroll down to a section called "Peak Oil -- Again" to see my comments on

If I am correct, and I could be very, very wrong about, I find it interesting to learn that: is a USA TODAY content partner offering oil and energy news and commentary. Its content is produced independently of USA TODAY.
Having said that, this article today, "New 'Silk Road' Could Alter Global Economics" is incredibly fascinating.

There are so many story lines here, I cannot even begin.

The first story line that comes to mind, of course, is the new powers that the president of the United States will have in setting up trade deals with Asia in a "secret deal" worked out between President Obama and the GOP. The Dems, led by Pocahontas, were against this "secret deal."

Be that as it may, here is an interesting observation from the USA Today story about the new Silk Road initiative:
After failed attempts by the US to persuade allies against joining the bank, the US reversed course, and now says that it has always supported the project, a disingenuous position considering the fact that US opposition was hardly a secret. The Wall Street Journal reported in November 2014 that "the U.S. has also lobbied hard against Chinese plans for a new infrastructure development bank…including during teleconferences of the Group of Seven major industrial powers.
The Huffington Post's Alastair Crooke had this to say on the matter: "For very different motives, the key pillars of the region (Iran, Turkey, Egypt and Pakistan) are re-orienting eastwards. It is not fully appreciated in the West how important China's "Belt and Road" initiative is to this move (and Russia, of course is fully integrated into the project).
Regional states can see that China is very serious indeed about creating huge infrastructure projects from Asia to Europe. They can also see what occurred with the Asia Infrastructure Investment Bank (AIIB), as the world piled in (to America's very evident dismay). These states intend to be a part of it."
I assume everyone in the world except me was aware of this new "Silk Road" initiative. But because my attention was on Greece for the past five years I completely missed this Chinese story.

Seriously, I have never seen the "Silk Road" story mentioned by CNBC (on the net or on television) but hardly a day goes by that there is not yet another story of Greece defaulting. [Bloomberg is reporting tomorrow that the Greeks will blame their problems on the creditors who have been loaning them money. LOL.]

The "Silk Road" story will be archived over at The Big Stories, as part of the Global Power Shift, the growing Russia-China hegemony.

Note that Russia, of course is fully integrated into the project.

There seem to be as many nations signing up to this "big deal" as there were signing the Kyoto Protocol (some of whom have now "unsigned").

There really is a global shift occurring:
  • Europe is worried about Greece and Google
  • the US is worried about pipelines and railroads 
  • the Mideast is imploding (three steps back for every half-step forward)
  • Africa becomes increasingly irrelevant
  • South America -- still there, I guess
And, the Chinese are working hard to make China the new Promised Land. 

Some Nice Wells Coming Off Confidential List After Long Weekend -- May 25, 2015

Tuesday, May 26, 2015
  • 27764, 834, EOG, Wayzetta 54-34H, Parshall, single section, 22 stages; 3 million lbs; spud date June 27, 2014; lateral began July 4, 2014; FTD date, July 6, 2014, horizontal in pay zone 100%, t11/14; cum 36K 3/15;
  • 29260, 667, Samson Resources, Dorado 2314-5H, Blooming Prairie, t3/15; cum 9K 3/15;
  • 29381, drl, MRO, Trinity 14-21H, Bailey, no production data,
  • 29602, drl, Hess, GN-Helen M-158-96-3229H-3, South Meadow, no production data,
  • 29833, SI/NC, EOG, Fertile 71-0905H, Parshall, no production data,
  • 29877, 100, Enduro, NSCU H-717-H1, Newburg, a Spearfish/Charles well, t2/15; cu 2K 3/15;
Monday, May 25, 2015
  • 27456, 3,190, HRC, Fort Berthold 148-95-26B-35-3H, Eagle Nest, t11/14; cum 118K 3/15;
  • 27458, 1,879, HRC, Fort Berthold 148-95-26B-35-4H, Eagle Nest, t12/14; cum 65K 3/15;
  • 27590, 1,608, Enerplus, Viceroy 152-94-32D-29H-TF, Antelope, t12/14; cum 145K 3/15;
  • 27833, 824, Whiting, Duletski Federal 14-11PH, Fryburg, t12/14; cum 36K 3/15;
  • 27835, 1,913, Whiting, Duletski Federal 44-11PH, Fryburg, t12/14; cum 54K 3/15;
  • 28462, drl, Petro-Hunt, USA 153-96-24C-13-4H, Keene, Three Forks, no production data,
  • 29059, drl, XTO, Amundson 34X-22F, Siverston, no production data,
  • 29084, SI/NC, WPX, Helena Ruth Grant 33-34HY, Reunion Bay, no production data,
Sunday, May 24, 2015
  • 27765, 484, EOG, Wayzetta 57-3433H, Parshall, 30 stages; 4 million lbs; spud date June 18, 2015; lateral begun June 22, 2014; FTD date, June 25, 2014; TD, 15,731 feet, a nice well,
  • 28231, drl, MRO, Elmer USA 14-11TFH, Chimney Butte, remained in target zone 90% of the lateral, background gas as high as 2,000 units but averaged about 500; no production data,
  • 29259, 327, Samson Resources, Dorado 2314-7H, Blooming Prairie, Three Forks, 30 stages, 3 million lbs; producing,
  • 29382, drl, MRO, Ringer 14-21TFH, Bailey, ten-foot-payzone, very low background gas, no production data,
  • 29466, SI/NC, BR, Kings Canyon 7-8-34MBH, Camel Butte gas as high as 3,234 units, no production data,
Saturday, May 23, 2015
  • 27750, 467, EOG, Wayzetta 58-33H, Parshall, t11/14; cum 22K 3/15;
  • 28463, drl, Petro-Hunt, USA 153-96-24C-13-4H, Keene, no production data,
  • 29058, drl, XTO, Amundson 34X-22B, Siverston, no production data,
  • 29383, drl, MRO, Wilhelm 24-21TFH, Bailey, no production data,
  • 29666, 20, Denbury, CHSU 44-23NH 15, Cedar Hills, a South Red River B well, spud date November 23, 2014; cease drilling, December 9, 2015; not fracked, 98.65% in the target zone, t1/15; cum 3K 3/15; 
  • 29860, 923, Hess, SC-Ellingsberg-LW-154-98-3230H-2, Truax,4 sections, t41/5; cum --

 27765, conf, EOG, Wayzetta 57-3433H, Parshall:

DateOil RunsMCF Sold

27835, conf, Whiting, Duletski Federal 44-11PH, Fryburg:

DateOil RunsMCF Sold

27833, conf, Whiting, Duletski Federal 14-11PH, Fryburg:

DateOil RunsMCF Sold

 27590, conf, Enerplus, Viceroy 152-94-32D-29H-TF, Antelope:

DateOil RunsMCF Sold

27458, conf, HRC, Fort Berthold 148-95-26B-35-4H, Eagle Nest:

DateOil RunsMCF Sold

27456, conf, HRC, Fort Berthold 148-95-26B-35-3H, Eagle Nest:

DateOil RunsMCF Sold

27764, conf, EOG, Wayzetta 54-34H, Parshall:

DateOil RunsMCF Sold

Pay Attention To The Flaring Column -- May 25, 2015

Another example of a good well taken off line. The four wells on this pad have all been completed so this one is probably not off-line due to need to complete neighboring wells.

25912, IA/1,162, Zavanna, Bills 5-8 3TFH, Crazy Man Creek, runs south, t8/14; cum 36K 3/15;

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

Other wells on this pad:
  • 25914, 1,060, Zavanna, Bills 32-29 4TFH, Crazy Man Creek, runs south, t8/14; cum 127K 3/15; 
  • 25913, 929, Zavanna, Bills 32-29 2H, Stockyard Creek, runs north, t8/14; cum 119K 3/15; 
  • 25911, 468, Zavanna, Bills 32-29 4TFH, Stockyard Creek, runs north, t8/14; cum 6K 3/15; 
Most recent production for 25914:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

Most recent production for 25913:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

Most recent production for 25911:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

I remember blogging, when the issue first came up, about the slippery slope regarding flaring. 

N.B.:  these four wells are all on the same pad. Natural gas from two of the wells is being sold, so we know there is a natural gas pipeline to this pad. Or at least we should be able to assume there is. There must be another reason two of these wells were taken off line. 

Location of this four-well pad, just a few miles east of Williston, one of the busiest sites from the very beginning; easily accessible, not on federal land. 

Wind Farms Remain Exempt From New Regulations
Birdlife is reporting:
The U.S. Fish and Wildlife Service today (May 22, 2015) announced its intent to address millions of grisly and unnecessary bird deaths by strengthening implementation of the Migratory Bird Treaty Act, one of the nation’s oldest and most important wildlife conservation laws. The process will address threats like uncovered oil waste pits that trap and kill birds, gas flares that lure and incinerate birds, and unprotected communication towers and power lines that kill and electrocute birds by the tens of millions each year. 
There was no mention of wind farms in this article. Wind farms are still exempt from laws protecting migratory birds.

Take note: the new regulations also affect transmission lines. A transmission line simply to back up a wind farm hardly seems to make sense.