Thursday, May 4, 2017

The Fracn8r -- The Williston Herald -- May 4, 2017 -- Maybe Top Local Story Of The Week

A nice human interest story on the "Fracn8r. In case the link is broken:
  • Monte Besler
  • high school classmate: Lynn Helms
  • Halliburton employee
  • recently recognized by Williston Basin Section Society of Petroleum Engineers with a Lifetime Service Award for his work in the are
  • his second award from his peers; the first: from the Williston Basin Chapter of the American Petroleum Institute -- the latter created an individual award in that category after Besler tied with Continental Resources (CLR) for its Outstanding Achievement Award -- he, in turn, presented the award to to Kathleen Neset -- who is founder and CEO of a consulting business in Tioga
  • Besler has a degree from SD School of Mines and Technology; the degree led him to his first job in Dickinson; and that job led him to the Williston Basin
  • stayed with Halliburton through 1998
  • then moved to Hess (1998)
  • now, his own consulting firm
***********************************
A Note To The Granddaughters

I love these stories -- the one up above about Monte Besler. I have never met him, but I feel I "know" him. It seems in every profession, in every walk of life, you will find one individual at any given time that makes all the difference in the world.

Decades ago, while serving in the USAF at Grand Forks AFB, ND, my job required me to be on call 24/7 for weeks at a time. I was often called into work for "an emergency" at 3:00 a.m. I always hated that ... but invariably there was another individual already there, who had been there hours before I was .... and he loved his job, and he had no problem being called in to work at all hours of day or night ... and he was always there with a huge smile ... and as soon as I walked in at 3:00 a.m.... from the -40 degrees in North Dakota winter -- I felt right at home, happy to have been called to come in.  As soon as I saw him, I knew things would go well.

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Another Note To The Granddaughters

You will never listen to these songs; that's fine. But when I'm long gone maybe you will come back to this clip to know what I loved.

Top Ten Country Western Songs
 
I agree with one who commented: if you want to do a top ten country western song list, you won't succeed unless you do a top 500.  I can't disagree with #1 but I could easily come up with another 100 that could also be #1.

Meanwhile, the queen of country pop, is Shania Twain. Canadian; top selling album of all time. I remember an incredible evening with an Air Force singer serenading the wing commander with "That Don't Impress Me Much."  An enlisted female singer serenading a senior male officer and all of us loving it.

Top Ten Country Female Singers

Some Activity Reported In The Bakken -- May 4, 2017

Active rigs:

5/4/201705/04/201605/04/201505/04/201405/04/2013
Active Rigs502884185192

Five new permits:
  • Operator: Oasis
  • Field: Alkali Creek (Mountrail)
    Comments: Oasis has permits for a new 5-well Spratley pad in SESE 13-154-94, Alkali Creek. I follow the Spratley wells here.
Ten permits renewed:
  • EOG (4): four Austin permits in Mountrail County 
  • Lime Rock Resources III-A (2): two Robert Sadowsky permits in Dunn County
  • Hunt (2): one Weflin permit and one Austin permit, both in Mountrail County
  • CLR: a Jersey Federal permit Mountrail County
  • Petro-Hunt: a USA permit in McKenzie County
Two producing wells (DUCs) reported as completed:
  • 30293, 967, EOG, Fertile 79-0905H,
  • 30314, 552, EOG Fertile 80-0905H,
Dry hole:
  • 29880, dry, WPX, Etstatis 32-29HX,

With WTI At $45, One Wonders If Saudi Has Made Another Trillion-Dollar Mistake -- May 4, 2017

We now have proof (which most of us suspected) that Saudi may have cut production but they more than made up for their cut in production by exporting oil in their storage -- my hunch is that Saudi was literally running out of storage and thought it clever to agree to a cut (which was pretty minimal to begin with) and then make up for the production cut by exporting oil out of storage.

By the way, speaking of Saudi Arabia, we now learn that the Saudi "government" will control the business operations of the Aramco IPO. It might not have been stated as such but however it's phrased, the result is the same. In the big scheme of things it probably doesn't matter but just the same ....

Idle chatter.

Shortly after posting the above, which was really posted for no reason at all, this blurb popped up over at CNBC: Plunging oil prices show OPEC has lost its grip on the market.
Compliance to the cuts "is as good as it's going to get for them, and it's still not working," said one trader.
The trader has it all wrong:
  • the cuts were minimal to begin with;
  • the actual production data is known only to the Saudis themselves; we have no idea if they have cut production; our data is based on their reports;
  • it was shown that Saudi is exporting more oil to the US than before the announced cuts (32% more, in fact)
  • it is now known that the Saudis more than made up for any cut in production by releasing oil from overflowing oil storage depots
For Saudi, truly, another trillion-dollar mistake.

That Saudi oil cut? It was only make believe:

It's Only Make Believe, Conway Twitty

I tried finding someone else doing a cover of this song, but only Conway Twitty can do it. It was his first million-sales album. 

Fracking Solutions In The Bakken -- May 4, 2017

Completion solutions in the Bakken (to be compared with recent stories on amount of proppant being used to complete Permian wells); generally does not include DUCs.

Fifth column is number of stages; sixth column is amount of proppant in millions of pounds.

Mar 4, 2017
32874
Newfield
1
51
7.6
Sand Creek
Mar 4, 2017
31161
HRC
1
33
4.9
McGregory Buttes
Mar 5, 2017
31570
Whiting
1
44
9.2
Bell
Mar 5, 2017
31187
Enerplus



Heart Butte
Mar 6, 2017
32463
SM Energy



Ambrose
Mar 6, 2017
32327
Whiting
1
35
7.1
Twin Valley
Mar 6, 2017
31948
Whiting
1
44
9.2
Bell
Mar 6, 2017
31712
Whiting
1
35
7.1
Twin Valley
Mar 6, 2017
29790
Enerplus



Heart Butte
Mar 6, 2017
25407
QEP



Heart Butte
Mar 7, 2017
31704
Whiting



Twin Valley
Mar 7, 2017
25408
QEP



Heart Butte
Mar 7, 2017
32264
Whiting
1
35
7.3
Poe
Mar 8, 2017
25409
QEP



Heart Butte
Mar 8, 2017
27596
Petro-Hunt
1
50
4.8
Llittle Knife
Mar 8, 2017
31708
Whiting
1
35
6.9
Twin Valley
Mar 8, 2017
32119
EOG



Parshall
Mar 8, 2017
32457
Hess



Blue Buttes
Mar 8, 2017
32462
SM Energy



Ambrose
Mar 13, 2017
30825
WPX
1
41
6.1
Reunion Bay
Mar 13, 2017
30826
WPX
1
40
6.0
Reunion Bay
Mar 13, 2017
32326
Whiting
1
35
7.1
Twin Valley
Mar 14, 2017
30828
WPX
1
42
6.1
Reunion Bay
Mar 14, 2017
31707
Whiting
1
35
7.2
Twin Valley
Mar 14, 2017
31710
Whiting
1
35
7.1
Twin Valley
Mar 14, 2017
32329
Whiting
1
35
10.0
Twin Valley
Mar 14, 2017
32755
XTO
0


Bear Creek
Mar 15, 2017
32087
QEP
1
49
10.0
Grail
Mar 15, 2017
32105
QEP
1
49
9.6
Grail
Mar 15, 2017
32107
QEP
1
49
10.0
Grail
Mar 15, 2017
32343
QEP
1
49
9.6
Grail
Mar 15, 2017
32344
QEP
1
49
10.0
Grail
Mar 15, 2017
32345
QEP
1
49
9.6
Grail
Mar 17, 2017
31711
Whiting
1
35
7.1
Twin Valley
Mar 18, 2017
31715
Whiting
1
35
7.1
Twin Valley
Mar 21, 2017
31706
Whiting
1
35
6.7
Twin Valley
Mar 21, 2017
29601
Lime Rock
1
16
2.4
Cabernet
Mar 22, 2017
32328
Whiting
1
35
7.1
Twin Valley
Mar 27, 2017
31705
Whiting
1
35
7.0
Twin Valley
Apr 8, 2017
32560
Whiting
1
35
7.5
Banks
Apr 11, 2017
32562
Whiting
1
35
9.8
Banks
Apr 11, 2017
32559
Whiting
1
35
9.6
Banks
Apr 12, 2017
31112
Whiting
1
50
0.0
Banks
Apr 18, 2017
32833
Whiting
1
35
15.3
Banks
Apr 24, 2017
32401
QEP



Spotted Horn
Apr 24, 2017
32402
QEP
1
54
9.7
Spotted Horn
Apr 24, 2017
32403
QEP



Spotted Horn
Apr 24, 2017
32404
QEP
1
51
9.6
Spotted Horn
Apr 24, 2017
32405
QEP
1
51
10.0
Spotted Horn
Apr 24, 2017
32406
QEP



Spotted Horn
Apr 28, 2017
32580
HRC
1
35
5.1
Four Bears
May 2, 2017
30244
HRC
1
37
5.6
Four Bears
May 2, 2017
31989
Oasis
1
36
4.1
Siverston
May 4, 2017
30243
HRC
1
36
5.5
Four Bears
May 4, 2017
31990
Oasis
1
36
4.1
Siverston










41
38
7.5