Random Update Of Two MRO Re-Fracked Wells In Bailey Field -- January 17, 2018

This is pretty cool. Back in 2011 I was putting together a list of wells that might become part of MRO's re-frack program. That was back in 2011. Once I saw the program begin to play out, I no longer added wells to the list.

Tonight, I see that one of those wells on that list -- all the way back to 2011 -- has now been re-fracked:

• 17164, 340, MRO, Repp Trust 34-9H, Bailey, t11/08; cum 200K 11/17; according to FracFocus it was re-fracked 6/15 - 23/2017; the sundry form in the NDIC file shows that it was a 32-stage frack with 5.6 million lbs proppant. Production since the frack:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2017	30	12038	11977	17878	7059	0	5595
BAKKEN	10-2017	31	14582	14655	21574	9104	3735	3625
BAKKEN	9-2017	30	15302	15377	25792	8934	298	6829
BAKKEN	8-2017	31	16404	16135	30598	9355	91	7334
BAKKEN	7-2017	30	12479	12512	20031	4428	1541	1386
BAKKEN	6-2017	7	2335	2252	270	1298	0	1018
BAKKEN	5-2017	0	0	0	0	0	0	0
BAKKEN	4-2017	0	0	0	0	0	0	0
BAKKEN	3-2017	0	0	0	0	0	0	0

Production after the original frack, an open hole frack with 543,000 lbs sand:

BAKKEN	3-2009	31	2312	2121	497	871	871	0
BAKKEN	2-2009	28	2489	2655	595	922	922	0
BAKKEN	1-2009	31	3496	3344	903	1126	1126	0
BAKKEN	12-2008	27	4107	4246	1077	1813	317	1496
BAKKEN	11-2008	28	5918	5645	2765	2160	0	2160
BAKKEN	10-2008	2	163	0	175	59	0	59

******************************

Another MRO Re-Fracked Well

• 17171, 391, MRO, Fred Hansen 34-8H, Bailey, t10/08; cum 270K 11/17; re-frack with 45 stages, 5.6 million lbs proppant; original frack back in 2008; open-hole frack with 556,220 lbs sand;

Recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2017	30	12002	12066	11587	7008	3310	2238
BAKKEN	10-2017	31	14805	14624	14256	14312	9124	3420
BAKKEN	9-2017	30	17232	17296	18269	9351	0	7329
BAKKEN	8-2017	31	20548	20366	27684	11259	109	8769
BAKKEN	7-2017	29	16897	16945	25461	10216	3639	4605
BAKKEN	6-2017	11	9100	9142	5202	4883	1099	2748
BAKKEN	5-2017	0	0	0	0	0	0	0
BAKKEN	4-2017	5	138	141	68	95	43	23
BAKKEN	3-2017	31	625	581	349	544	282	34

Production after initial frack:

BAKKEN 2-2009 28 2628 2878 584 1024 1024 0 BAKKEN 1-2009 31 4195 4258 1268 1521 1521 0 BAKKEN 12-2008 31 4626 4425 1245 1083 1083 0 BAKKEN 11-2008 27 4645 4860 1263 1793 1793 0 BAKKEN 10-2008 31 8072 8346 3167 1324 1324 0 BAKKEN 9-2008 24 2196 1384 1250 0 0 0 BAKKEN 8-2008 0 0 0 0 0 0 0

It will be most interesting when EOG begins a re-fracking program in the Parshall oil field.

The Apple Page -- Nothing About The Bakken -- January 17, 2018

The Marshall Plan, adjusted for inflation, spent about $120 billion to rebuild West Germany. See this link. A huge "thank you" to Jim Cramer for alerting me to this data point.

Apple today announced it would inject $350 billion in new investment in the United States over the next five years, much/most of it in 2018, according to Jim Cramer. In addition, Tim Cook will write a check for $38 billion in a one-time tax related to the tax bill.

Cramer says that in an interview with Tim Cook, the Apple CEO said these developments were only possible because of the tax cut -- you know, the one that was not supported by one Democrat. Even the anti-Trumpers, and never-Trumpers on the GOP side of the aisle voted for this tax bill.

That helps put things into perspective.

According to Yahoo!Finance, Apple, Inc, has $75 billion in cash.

Later, a huge "thank you" to a reader for providing this link: https://www.cnbc.com/2018/01/17/cramer-apples-tim-cook-credits-most-of-350b-plan-to-repatriation.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104950964&yptr=yahoo. 

Disclaimer: some of these data points may be incorrect; I was distracted by Sophia when posting this, but I'm sure it's easy enough to confirm these figures. The Marshall Plan figure is accurate, at least as far as I know, and so is the Apple figure of $350 billion. That's enough for me.

Arctic Blast? What Arctic Blast? Active Rigs In North Dakota Power Ahead To 58; But Look At The Phenomenal DUCs Reported As Completed -- January 17, 2018

Active rigs:

$64.06↑	1/17/2018	01/17/2017	01/17/2016	01/17/2015	01/17/2014
Active Rigs	58	38	49	157	187

 
Five new permits:

• Operators: XTO (4); Nine Point Energy
• Fields: Antelope (McKenzie); Elk (McKenzie)
• Comments: XTO as permits for a 4-well  Nelson Federal pad in lot 3, section 5-152-94

Six permits renewed:

• MRO: a Mathias permit; a Coan permit; a Bollete permit; a State Willard permit; a Nisbit permit; and, a State Loland permit, all in Dunn County

Two permits canceled:

• Petro-Hunt: two Tande permits in Burke County

Six producing wells (DUCs) were reported as completed:

• 31636, 627, XTO, Lundin 11X-15E, Siverston, t10/17; cum 22K after 10 days; extrapolates to 66K over 30 days;
• 31638, 2,978, XTO, Lundin 11X-15EXH, Siverston, 4 sections, t11/17; cum 17K after first full month;
• 32515, 1,997, XTO, Lundin 11X-15AXB, Siverston, t11/17; cum 44K after first full month;
• 32516, 1,892, XTO, Lundin 11X-15F, Siverston, t11/17; cum 15K after 18 days;
• 32890, 4,524, MRO, Murphy USA 34-22TFH-2B, Antelope, Sanish pool, t12/17; cum -- (#19144)
• 33290, 4,204, MRO, Lena USA 14-22H, Antelope, Sanish pool, t12/17; cum -- (#19144)

The graphic on Murphy and Lena:

The Lundin wells are tracked here. 

These results help explain why North Dakota reported another month of crude oil production greater than 1 million bopd.

Monthly Change In Bakken Production By Field -- November, 2017 Data

Top twenty crude oil producing fields in North Dakota ranked by change in production.

Disclaimer: the spreadsheet below was done by hand. In a long spreadsheet like this, there will be factual and typographical errors. I did not double-check the data except that from the Elm Field oil field. If this information is important to you, go to the source. Do not make any financial, investment, job, travel, or relationship decisions based on what you read here or think you may have read here.

Ranked by change in production (percentage basis) for the month of November (month-over-month), column 10:

Field	Oct 2017 Prod	Oct Wells	Oct Oil / Well / Month	Percent Change Oct-over-Sept	Change in # of wells	Nov 2017 Prod	Nov Wells	Nov Oil / Well / Month	Percent Change Nov-over-Oct	Change in # of wells
North Tobacco Garden	211,879	50	4,238	58.47%	2	305,647	55	5,557	44.26%	5
Spotted Horn	513,943	112	4,589	3.08%	4	715,519	112	6,389	39.22%	0
Keene	168,545	50	3,371	75.30%	0	228,938	50	4,579	35.83%	0
Beaver Lodge	96,415	76	1,269	32.59%	1	127,202	79	1,610	31.93%	3
Banks	780,988	211	3,701	-4.42%	3	1,013,187	212	4,779	29.73%	1
Eagle Nest	425,625	107	3,978	-18.70%	4	535,400	107	5,004	25.79%	0
Oakdale	47,667	24	1,986	28.72%	0	56,180	24	2,341	17.86%	0
Grail	598,552	195	3,069	6.37%	0	694,348	198	3,507	16.00%	3
Twin Buttes	35,862	24	1,494	-15.10%	1	41,040	23	1,784	14.44%	-1
Brooklyn	273,951	88	3,113	26.77%	2	313,176	90	3,480	14.32%	2
Stockyard Creek	219,616	88	2,496	24.13%	-1	245,140	88	2,786	11.62%	0
Bell	242,795	78	3,113	27.77%	5	270,847	82	3,303	11.55%	4
Painted Woods	80,408	56	1,436	46.94%	1	88,990	59	1,508	10.67%	3
Fayette	90,580	49	1,849	2.34%	0	97,973	50	1,959	8.16%	1
Williston	65,900	25	2,636	-7.33%	0	71,239	25	2,850	8.10%	0
Blue Buttes	1,068,764	184	5,809	7.64%	0	1,152,531	190	6,066	7.84%	6
Big Bend	575,025	130	4,423	14.10%	3	606,472	130	4,665	5.47%	0
Elidah	121,382	58	2,093	-13.25%	0	127,611	58	2,200	5.13%	0
Long Creek	77,632	27	2,875	-0.37%	0	80,501	27	2,982	3.70%	0
West Capa	41,059	38	1,081	-10.87%	0	42,559	38	1,120	3.65%	0