Tuesday, May 1, 2018

CLR Has Permits For A 12-Well Pad In Banks Oil Field -- May 1, 2018

API: a huge build -- an increase of 3.427 million bbls; oilprice.com headline: "oil crumbles as API reports large crude build." In fact, WTI is stable, up slightly. It gets tedious -- the headlines over at oilprice.com are written in anticipation of "what should happen" based on the data. No, I did not read the story.


EIA weekly data: to be reported tomorrow morning, 9:30 CDT.


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Back to the Bakken

Active rigs:

$67.475/1/201805/01/201705/01/201605/01/201505/01/2014
Active Rigs60492986187

Twelve new permits:
  • Operator: CLR
  • Field: Banks (McKenzie)
  • Comments: CLR has permits for a 12-well Patterson/Pittsburgh/Kuhn/Uhlman pad in lot 4 section 7-152-99; at about 1,200 feet FSL and 100 - 1,000 FWL, lot 4 looks like it is in the southwest quarter of the section (see below).
Two permits were canceled: XTO canceled two Myrna permit in Williams County

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The well:
  • 28737, 1,423, CLR, Uhlman 1-7H, Banks, t1/15; cum 512K boe 3/18; no evidence this well has been re-fracked (no sundry form; FracFocus):
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-2018192939247346933998382638
BAKKEN2-20182334913681570861941365881
BAKKEN1-201822355231739364737607202
BAKKEN12-20170000000
BAKKEN11-2017242050000
BAKKEN10-2017312859320716015946577939
BAKKEN9-2017295515540237301232211670434
BAKKEN8-201731663165433935147451446831
BAKKEN7-2017316454619540021238511844300
BAKKEN6-2017305715579437601113310570340

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