Tuesday, December 11, 2018

Number Of North Dakota Active Rigs Up One -- December 11, 2018; Petro-Hunt With Huge 900K Well (Seven Years Old)

US crude oil weekly inventory numbers, API data: oilprice. I think this is the biggest draw I've ever seen in one week. It will be interesting to see what the EIA has to say tomorrow. Last week, the API reported a build of over 5 million barrels. A day later, the EIA had a completely contradictory report showing a 7.3-million-barrel draw. Today, from the API:
  • an inventory draw of 10.18 million bbls
  • forecast: a draw of 2.990 million bbls

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Back to the Bakken

Active wells:

$51.9712/11/201812/11/201712/11/201612/11/201512/11/2014
Active Rigs65524065186

Five new permits:
  • Operators: Kraken Operating (4); Sinclair
  • Fields: Sanish (Mountrail); Robinson Lake (Mountrail)
  • Comments: Kraken has permits for a 4-well pad in 24-154-93; Sinclair's State well will be in section 36-154-93;
One producing well (DUC) reported as completed:
  • 33905, 1,219, Petro-Hunt, USA 153-95-9A-4-1HS, Charlson, t10/18; cum 12K over 11 days which extrapolates to 33K over 30 days;
    • neighboring wells: #32529 (SI/NC), #32530 (SI/NC), #32531 (SI/NC), #32532 (conf), and, #32533 (conf).
    • far to the east in this section: 
    • 20342, 1,430, Petro-Hunt, USA 153-95-4B-9-1H, t11/11; cum 900K 10/18, recent production:
      PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
      BAKKEN10-20181232613644743708758111197
      BAKKEN9-20183092779448198516977142652503
      BAKKEN8-2018319216904021161796017618126
      BAKKEN7-201831972498732209178901759579
      BAKKEN6-201830106501110228551646116076176
      BAKKEN5-20183111129105732472170021670482
      BAKKEN4-201830111911139025491651415353952
      BAKKEN3-2018311171011530243316543163270
      BAKKEN2-201828111341123024701623115528508
      BAKKEN1-2018311272412821290218163179470
      BAKKEN12-20173113263129402992176331734374
      BAKKEN11-201730131171345431081676982098351
      BAKKEN10-2017311443914496328219217019001
      BAKKEN9-2017301267412004368216658016477
      BAKKEN8-20174501690858618390
      BAKKEN7-20173151755311460810878920
      BAKKEN6-2017305032503240573026873220
      BAKKEN5-20173150544857418896227176029
      BAKKEN4-201730533756095278791852260
      BAKKEN3-20173157065469480897287560
      BAKKEN2-20172853435422447830381080
      BAKKEN1-20173166186749572932191050
By the way, that area is also a great area for Madison wells; most of them are now abandoned.

However, Petro-Hunt is drilling a Madison well in the area:
  • 28227, conf, Petro-Hunt, CMNU C-205X, Charlson, t--; cum --

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