Random Update Of Enerplus' Snake Wells, The Featured Post At The Sidebar -- February 19, 2017

At the sidebar at the right I have something called "Featured Post." I change that link every couple of weeks. For the next few weeks the featured post will concern the "Enerplus snake wells" in Antelope oil field.

Disclaimer: in a long note like this, there will be typographical and factual errors. I often make simple errors of arithmetic. If this information is important to you, go to the source. 

There are a couple of things one should note about this area. I will come back to this in a couple of days if I don't forget.

One example of these "snake" wells:

• 26990, 3,102, Enerplus, Hognose 152-94-18B-19H-TF, Sanish, specifically Three Forks 2nd bench, three laterals; 60 days (533 hours) drilling, 41 stages; 9.7 million lbs sand; t4/14; cum 481K 12/16; add in the 780,264 MCF of gas (130,000 boe) = 610,000 boe.

This well produced almost one-half million bbls of oil (610 boe) since 2014, less than three years.

Another example, this well produced almost 400,000 bbls of oil in eighteen months:

• 26988, 2,842, Enerplus, Bull 152-94-18B-19H-TF, Sanish, t6/15; cum 392K 12/16; add in the 1,106,669 MCF of gas (185,000 boe) = 575,000 boe in eighteen months.

Monthly production for #26988:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
SANISH	12-2016	31	7996	8029	2648	49472	48521	0
SANISH	11-2016	30	8535	8558	3015	51184	50717	0
SANISH	10-2016	31	10655	10690	3712	54681	54164	0
SANISH	9-2016	30	9077	9103	2477	33558	33117	0
SANISH	8-2016	31	9766	10036	2563	35339	34835	0
SANISH	7-2016	31	11074	11079	2953	40471	39961	0
SANISH	6-2016	30	11908	11663	3041	43086	41320	0
SANISH	5-2016	31	12718	12715	2959	38154	36097	209
SANISH	4-2016	30	12214	12284	2763	41020	39206	0
SANISH	3-2016	31	13221	13375	2709	40377	38495	0
SANISH	2-2016	26	12628	12548	2239	37883	32812	3521
SANISH	1-2016	31	13894	13934	4143	72074	69982	0
SANISH	12-2015	30	22923	22770	5424	71428	68633	0
SANISH	11-2015	26	24233	24303	5069	62384	59443	0
SANISH	10-2015	30	35480	35682	6224	78644	74423	0
SANISH	9-2015	29	41974	41992	6337	79750	50122	24777
SANISH	8-2015	31	41636	41606	6032	79108	61754	12472
SANISH	7-2015	30	43050	43097	6574	81795	56943	19846
SANISH	6-2015	26	47220	46640	11889	89719	76813	7534
SANISH	5-2015	3	1561	1374	2983	26542	25498	0

The area in question:

Note: the lone lateral running north-to-south in section 17 in the graphic above:

• 32767, 2,759, Petroshale, Petroshale US 8H, t1/17; cum 3K over 3 days; neither the NDIC site nor FracFocus has the frack data yet.

Wal-Mart's Problems -- WSJ -- February 19, 2017

Updates

February 21, 2017: Walmart profits drop almost 20% in 4Q16 despite strong holiday sales. Link here.  Sales rose 1.8% at stores open at least a year, but profits fell almost 20%. So, if  your sales increased, why did one's profits decrease. Let's look at costs:

• lights and electricity: year-over-year I doubt there has been much change
• big-box store employees: minimum wage increases; benefits have increased?
• new ventures: digital / on-line sales division -- yup, that's probably where it is -- Amazone seldom turns a profit in its retail division even after years (decades?) of doing this

Apparently the market not upset; WMT was up over 2% today on another huge day for the market.

Original Post

Link here.

Random Update Of High-Intensity Fracked EOG Austin Well -- February 19, 2017

High-intensity frack:

• 25374, 1,414, EOG, Austin 39-3204H, Parshall, 60 stages, 14.6 million lbs, 1920 acres, t9/13; cum 888K 12/16; according to FracFocus, fracked from 7/6/2013 to 8/8/2013;

Full production profile to date:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2016	31	8901	8851	124	30364	28665	1195
BAKKEN	11-2016	30	9473	9658	117	29978	29269	221
BAKKEN	10-2016	31	10177	9994	130	31770	16369	14897
BAKKEN	9-2016	30	10310	10310	138	31626	29735	1404
BAKKEN	8-2016	31	11332	11972	135	33204	30593	2107
BAKKEN	7-2016	31	11719	11149	120	33212	31281	1432
BAKKEN	6-2016	30	10842	10840	87	33093	20956	11657
BAKKEN	5-2016	31	12414	12495	164	33340	31838	1001
BAKKEN	4-2016	30	12055	12043	141	34219	29231	4502
BAKKEN	3-2016	31	13735	13764	118	37540	35863	1173
BAKKEN	2-2016	29	13947	13943	168	36241	34985	784
BAKKEN	1-2016	31	17037	17048	132	39558	37902	1160
BAKKEN	12-2015	31	16027	16014	129	37345	34226	2651
BAKKEN	11-2015	30	16315	16237	132	34235	31655	2092
BAKKEN	10-2015	28	12647	12660	346	29448	27045	2015
BAKKEN	9-2015	30	20074	20119	121	45976	42149	3339
BAKKEN	8-2015	31	22425	22444	135	47718	35945	11280
BAKKEN	7-2015	29	20411	20409	153	42231	37758	4048
BAKKEN	6-2015	30	23960	23990	187	49317	36381	12461
BAKKEN	5-2015	31	26934	26940	198	50346	47007	2852
BAKKEN	4-2015	30	25911	25905	375	46226	35480	10279
BAKKEN	3-2015	31	32182	32428	203	49601	36713	12384
BAKKEN	2-2015	20	19101	18750	609	24774	23350	1117
BAKKEN	1-2015	31	29515	29555	186	41405	36825	4079
BAKKEN	12-2014	31	31612	31612	175	43552	41638	1410
BAKKEN	11-2014	30	33471	33491	204	40255	30331	9438
BAKKEN	10-2014	31	37382	37255	358	45912	25965	19446
BAKKEN	9-2014	30	40891	40938	575	39759	24063	15212
BAKKEN	8-2014	15	19162	19248	2698	12333	11853	406
BAKKEN	7-2014	29	39472	39797	1077	32919	27133	5653
BAKKEN	6-2014	29	40257	40197	5907	25064	18670	6250
BAKKEN	5-2014	1	381	0	350	152	149	0
BAKKEN	4-2014	29	27829	28655	129	21775	20407	1227
BAKKEN	3-2014	31	31087	31309	61	22260	18	22092
BAKKEN	2-2014	28	30924	30617	58	19692	0	19554
BAKKEN	1-2014	22	25395	24988	69	13664	0	13565
BAKKEN	12-2013	25	27393	28115	101	14349	0	14242
BAKKEN	11-2013	30	37188	37194	435	18371	0	18231
BAKKEN	10-2013	29	43760	42959	1314	24640	0	24505
BAKKEN	9-2013	12	14441	13778	1243	10696	0	10640

More Roundabouts For Williston -- February 19, 2017

From The Williston Herald:

A plan for road improvements in the Williston area calls for as many as 13 roundabouts, mostly in the western and northern parts of the city.

The plan, which was unanimously recommended by both the Williston and Williams County planning and zoning boards Thursday night ...

The transportation plan lists more than 30 projects that may be needed between 2016 and 2030.

In all, the short-term projects add up to nearly 36 miles of road and a cost of more than $350 million.

Much more at the link. 

In my experience, there are few intersections that are better served by traffic lights than round-abouts or "circles." Very few intersections. In addition, round-abouts are considerably less expensive. In fact, it's hard to even compare the price of one with the other. 

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Trout Dinner 

EURs -- Bakken 2.0 -- February 19, 2017

For an explanation of this table, go back to this post.

Disclaimer: this data in this table has not been quadruple-checked nor certified by outside agencies. In a long spreadsheet and a long note like this, there are bound to be typographical and factual errors. In addition, the data in column 5 of the table below (EURs) was taken from graphs which in some cases were hard to read. The data could be very, very incorrect. If this is important to you, go to the source which is linked above. 

A random look at the EURs of recent Whiting wells in the Bakken. In the early days we were talking about EURs of 300,000 and getting excited about EURs of 500,000. Then Mike Filloon started noting EURs of 1.5 million and there was even talk of some wells with EURs of 2 million bbls of oil.

Again, just a random look at the EURs of recent Whiting wells in the Bakken. There are fourteen Whiting wells in this list, arranged by EURs, in descending order. The Carscallen well at the top has a EUR of 2 million bbls of oil. The Rolla Federal well at the bottom has an EUR of 1.5 million:

Group Description	Group	Permit	Well	EUR (1,000’s)	Sand (lbs)	Field	County
	N	32340	Carscallen 31-14-4H	2000	10 million +	Truax	WMS
	O	32338	Carscallen 31-14H	1700	5 million +	Truax	WMS
	O	32368	Carscallen 31-14-2H	1700	5 million +	Truax	WMS
Rolla Federal Group A	Q	31712	Rolla Federal 21-3-1H	1700	7 - 15 million	Twin Valley	MCK
Rolla Federal Group A	Q	31710	Rolla Federal 21-3-1TFH	1700	7 - 15 million	Twin Valley	MCK
Rolla Federal Group B	R	31711	Rolla Federal 21-3-2TFH	1700	7 - 15 million	Twin Valley	MCK
Rolla Federal Group B	R	32329	Rolla Federal 11-3-1TFHU	1700	7 - 15 million	Twin Valley	MCK
Rolla Federal Group B	R	31715	Rolla Federal 21-3-3TFH	1600	7 - 15 million	Twin Valley	MCK
Rolla Federal Group B	R	32326	Rolla Federal 11-3-1H	1600	7 - 15 million	Twin Valley	MCK
Banks Field	T	32764	Chameleon State 31-16HU	1600	7 - 15 million	Banks	MCK
	N	29693	P Bibler 155-99-16-31-30-1H	1500	10 million +	Epping	WMS
Rolla Federal Group A	Q	31706	Rolla Federal 31-3-3TFH	1500	7 - 15 million	Twin Valley	MCK
Rolla Federal Group B	R	32328	Rolla Federal 11-3-2TFH	1500	7 - 15 million	Twin Valley	MCK
Rolla Federal Group B	R	31705	Rolla Federal 31-3-2TFH	1500	7 - 15 million	Twin Valley	MCK

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The Book Page

The Art of Beatrix Potter: Sketches, Paintings, and Illustrations by Emily Zach, Steven Heller (Foreword by), Linda Lear (Introduction), Eleanor Taylor (Afterword), c. 2016. I don't find it at Amazon.com. At the big box store, it's priced at $40 (of course, less expensive for members and those with coupons) but through B&N on-line, $26 and free shipping.

Turner: The Extraordinary Life and Momentous Times of J. M. W. Turner, Fanny Moyle, c. 2016.

Quantum Fuzz: The Strange True Makeup of Everything Around Us, Michael S. Walker, c. 2016.

The Ancestor's Tale: A Pilgrimage to the Dawn of Evolution, Richard Dawkins and Yan Wong, c. 2016. 

The book I would like to see: DAPL: Letting Things Play Out. In fact, there could be a series of "Letting Things Play Out" just like the book series for "dummies." Other examples of letting things play out: Baltimore riots; Benghazi; and, the emergence of ISIS.

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Dreamliner

From Quantum Fizz, linked above, p. 318:

Boeing Company may have staked its future on carbon-fiber-reinforced polymer (CFRP) technology in developing its model 787 Dreamliner, the most advanced new generation in commercial aircraft ...

Following test performed earlier in relation to military aircraft design, wings and fuselage are no longer made from sheets of aluminum but instead use CFRPs to from a super-strong lightweight component...

... Boeing has been able to improve range and fuel efficiency (by 20 percent) without increasing the size of the aircraft, bucking the historical trend. 

The longest-range variant of the 787 can fly over 9,000 miles (from NYC to Hong Kong) without refueling.

As of March, 2016, Boeing had orders for 1,139 aircraft from 62 customers.
But this is a competitive world. Responding to the threat that the Dreamliner posed to its business, Airbus in January, 2015, introduced its A350, an aircraft of comparable capacity that is made of 53% of composite structures, as opposed to Boeing's 50%. 

Variants of the two aircraft seat 225 to 350 passengers at a cost per aircraft ranging from $225 million to $356 million.

Now look at all the aircraft flying at any given moment, and imagine that all these aluminum behemoths are now made with 50% less aluminum. No wonder Alcoa split off its smelting and refining businesses.