Saturday, November 11, 2017

Random Update Of An MRO Trotter Well That Was Re-Fracked -- November 11, 2017

September 25, 2017: 16875, MRO, re-fracked:
  • 16875, 351, MRO, Trotter 14-23H, Bailey, t2/08; cum 260K 9/17; re-fracked 6/17;
Recent monthly production data:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

The refrack produced results much, much better than the original frack:

153-91-27, Whiting, Sanish, Liffrig / Fladeland; Random Update Of A Whiting Liffrig Well In Sanish Oil Field -- November 11, 2017


March 19, 2018, see updated production data at this post; graphic:

January 13, 2018: FracFocus has no data that this well was re-fracked. Production data has been up-dated.
Original Post
Earlier I posted:
  • September 23, 2017: 16780, off-line; wells at either end look they have just been fracked -- 31854, 31855, 32088
We now have new data. FracFocus shows that #31854, #31855, and #32088 have been fracked. FracFocus has no data to suggest that a neighboring well, #16780, was re-fracked. Recent production data for #16780:
  • 16780, 2,247, Whiting, Liffrig 11-27H, Sanish, t1/08; cum 651K 2/19;
Monthly Production Data:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

Random Update Of An EOG Clarks Creek Well -- November 11, 2017

Earlier I posted:
  • September 3, 2017: 33281, MRO, Iron Woman USA 14-9H,  Antelope, producing --  #20602; #19790 to see if there was any bump in bump in production of these wells.
This is production update for #20602:
  • 20602, 670, EOG, Clarks Creek 15-0805H, Antelope, Sanish, t7/12; cum 469K 9/17;
Monthly Production Data:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

Mideast Heats Up -- Saudi Arabia Vs Iran -- November 11, 2017

Where we stand:
  • ISIS defeated
  • Iran rising under previous US administration
  • current US administration renews relationship with Saudi Arabia
Is a pending Lebanese civil war new proxy for war between Saudi Arabia and Iran?

Two links from The Drudge Report:
Key paragraphs from The [London] Guardian:
Now, more than at any point in modern history, Iran and Saudi Arabia are squared off against each other as a race to consolidate influence nears a climax from Sana’a [Yemen] to Beirut and the tens of thousands of miles in between.
The standoff is seeing new ground conquered, previously unimaginable alliances being mooted and the risk of a devastating clash between two foes whose calculations had long been that shadow wars through proxies were safer than facing up directly.
The shift in approach has been led from Riyadh, where a new regime determined to put Saudi Arabia on an entirely different footing domestically, is also trying to overhaul how the kingdom projects itself regionally – and globally.
The ambitious, unusually powerful, crown prince, Mohammed bin Salman, has been given a mandate by his father, King Salman, to take on what the kingdom and its allies in the United Arab Emirates see as an Iranian takeover of essential corners of the Sunni Arab world.
Key paragraphs from The [London] Star Sunday:
The kingdom has mobilised its F-15 fighter jet fleet ito launch a military operation against the Iranian-backed terrorist militia of Hezbollah in Lebanon, regional news website The Baghdad Post reports.Saudi Arabia previously accused both Lebanon and Iran of commiting an act of wars against it after rebels fired a missile at the King Khalid International Airport in the kingdom's capital of Riyadh.

Yesterday, Saudi Arabia ordered its citizens to leave Lebanon escalating fears of war to new heights – which the US have dubbed grounds for a “proxy war”.
Hezbollah are the most powerful military and political force in Lebanon and receives major support from Iran.
Not too long ago I posted a short note regarding the price of oil: if we see a Saudi Arabian crude oil export loading terminal in flames, the surge in the price of oil will be immediate. Now this from the WSJ:

How some might see it:

From The New York Times:

Week 45: November 5, 2017 -- November 11, 2017

Internationally, the president had a great Asian trip and Venezuela hangs on. The price of oil manages to maintain $64 (Brent) and $57 (WTI). But incredibly bad news for Saudi Arabia: the EIA forecasts Brent to average $56/bbl through 2018. Saudi Arabia set their 2018 budget based on $70 oil. And if more bad news was needed, OPEC forecast that US shale oil production will soar over the next four years.

For those who care, I don't, but it's fun to follow, atmospheric CO2 rose 0.7% year-over-year (October, 2017-October, 2016) which is a slower growth than October 2016-October 2015 (0.8%). The US is currently experiencing an unexpected Arctic blast.

In the US, not talked about much, but an Arctic blast has brought record lows to much of the United States. The Trump tax reform plan is DOA and the GOP "replacement" tax reform plan is on "life support." CNBC talking heads act surprised. Gasoline demand in the US this past week was still greater than it was a year ago.  Analysts suggest US refiners are going to have a highly successful winter: they have a huge US "backlog" and they have a huge Mexican market which provides better margins than in the US.

Shell announces another milestone met with its petrochemical complex near Pittsburgh, the first of its kind outside the Gulf of Mexico.

In non-Bakken energy-related news, BP comes clean: the company has abandoned solar energy, calling it a costly lesson. BP now stands for "back to petroleum."

US natural gas production continues to surge. Update on export terminals.

The Red Queen has not fallen off her treadmill: US crude oil inventories unexpectedly rose in the US this past week. The number of weeks it will take to "re-balance" supply/demand rose from 38 weeks to 42 weeks, almost a year. One contributor to SeekingAlpha suggests that "re-balancing" and "peak oil" are right around the corner -- I posted that for the archives.

And then this: OPEC forecasts that US shale oil production will soar over the next four years

Results of three high-intensity fracks announced
Twelve DUCs reported as completed
EUR type curves in the Bakken: 1.5 million boe
Hess reports three huge Antelope wells
Update on the Enerplus Warrior pad
The outstanding WPX Ruby and Ruby Parshall wells
CLR's Rath Federal wells have been fracked

MRO reports the results of a huge DUC
More great results for completed DUCs

DAPL means huge earnings for Oasis

Natural gas processing
Update on the largest NG processing plant in North Dakota, being built by Oasis 

Bakken economy
Pricing spread: Bakken vs Louisiana Light Sweet vs WTI Houston (if you have time to read just one article this weekend, this would be that article)

North Dakota State wants a "stay" on the mineral rights case 
CO2 capture: UND EERC has two wells to test viability of CO2 capture projects