151-94-14, Reunion Bay, MRO, Jones/Lun/Others

Start with this Three Forks second bench well -- it is a huge well but for some reason it went inactive 1/18:

• 29209, 2,776, MRO, Ernestine USA 11-14TFH-2B,  Reunion Bay, "the third of many wells to be drilled on this pad by H&P #259; the very first 2nd Bench"; Three Forks Second Bench, a huge well, 32K in first month, background gases relatively low (300 - 10,000; 20' flare common and intermittent); a 10' target; t6/15; cum 365K 8/19;went inactive 1/18; back on line for four months, 5/18 - 8/18; active as of 1/19; no jump in production; off line 5/19; back on line 7/19; 
  

The graphic:

The wells:

• 29208, 2,533, MRO, Lun USA 11-14H, Reunion Bay, t6/15; cum 255K 8/19; see above;
  
• 29209, see above;
• 29210, IA/2,900 MRO, Tony Lun USA 12-14TFH, Reunion Bay, t6/15; cum 365K 8/18; remains inactive, 3/19; looks like it's dead, 8/19;
• 29211, 2,929, MRO, Doll USA 12-14H, Reunion Bay, t6/15; cum 486K 8/19; see production jump below; API 33-053-06220; FracFocus no evidence of any re-frack; remains inactive 3/19;

• 34100, 4,857, MRO, Nora Jones 12-14TFH-2B, Reunion Bay, t10/18; cum 325K 8/19; huge well -- 77K in 12/18;
• 34101, 4,966, MRO, Briek 13-14H, Reunion Bay, t11/18; cum 344K 8/19; huge well -- 76K 11/18; 68K 12/18;
  
• 34102, 4,488, MRO, Julia Jones USA 13-14TFH, Reunion Bay, t11/18; cum 273K 8/19; huge well -- 58K 12/18;
  
• 34103, 7,471, MRO, Dye USA 14-14TFH-2B, Reunion Bay, t10/18; cum 377K 8/19; huge well -- 59K in 1/19;
  
• 34104, 5,747, MRO, Hammerberg USA 14-14H, Reunion Bay, t10/18; cum 351K 8/19; huge well, 66K in 11/18; 57K in 1/19;
  

• 19514, 527, MRO, Jones USA 14-14H, Reunion Bay, t4/11; cum 628K 8/19; look at the jump in 12/18 -- be sure to note that the 6,870 bbls was over only 13 days (extrapolates to: 16K bbls/month); re-fracked 7/26/2018 - 7/28/2018; a small re-frack with 3 million gallons of water:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2018	13	6870	6802	18265	6607	3321	2866
BAKKEN	11-2018	1	403	439	586	403	4	375
BAKKEN	10-2018	8	3648	3608	15270	4939	0	4727
BAKKEN	9-2018	0	0	0	0	0	0	0
BAKKEN	8-2018	1	2	2	0	1	1	0
BAKKEN	7-2018	0	0	126	0	0	0	0
BAKKEN	6-2018	26	1597	1673	349	2446	1950	11
BAKKEN	5-2018	31	2352	2418	285	3433	2773	20
BAKKEN	4-2018	30	2648	2608	307	3384	2548	0

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

Production Notes

29201: a nice well; off-line as of 1/18, though still producing nicely

29211: recent production data --

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2018	31	11040	10984	2965	19548	16745	380
BAKKEN	12-2017	18	6794	6751	1598	10948	8953	496
BAKKEN	11-2017	30	6671	6510	2161	10579	8388	438
BAKKEN	10-2017	17	3388	3505	559	6791	5620	232
BAKKEN	9-2017	30	6801	6865	958	14259	11503	853
BAKKEN	8-2017	31	7229	7243	1203	14504	11959	334
BAKKEN	7-2017	31	7595	7457	1355	15051	13078	108
BAKKEN	6-2017	30	7517	7488	1282	15066	12186	1187
BAKKEN	5-2017	31	7814	7757	1331	13239	11270	259
BAKKEN	4-2017	30	5941	5963	946	9665	7856	343

Existing Frack Sand Transloading Terminal In Van Hook Changing Hands -- March 17, 2018

It was a bit difficult sorting out this press release. I don't think it's a new terminal, but simply one that is changing hands.

Link here.  From a press release --

THE WOODLANDS, Texas, March 16, 2018 -- Smart Sand, Inc. announced  that it acquired the rights to operate a unit train capable transloading terminal in Van Hook, North Dakota to service the Bakken Formation.

The Company paid consideration of approximately $15.5 million to acquire certain assets at the Van Hook terminal, and has entered into a long-term lease agreement in connection with the transaction. As part of this transaction, Smart Sand and Canadian Pacific have entered into a long-term agreement to service Van Hook directly along with the other key oil and gas exploration and production basins of North America.  The Company expects to have the Van Hook facility operational in April 2018.

Week 11: March 11, 2018 -- March 17, 2018

For an "incredibly" quiet week, there were certainly some huge stories, not least of which was the huge upset in the NCAA men's basketball tournament Friday night. In the first round #16 (University of Maryland, Baltimore County) defeated -- and soundly defeated -- the #1 seed in that bracket, Virginia. Not only #1 in their bracket, but Virginia was the #1 seed overall.  "Everybody" thought the tournament would end with Villanova and Virginia in the finals. In fact, Virginia's tournament ended last night.

For me, the biggest story of the week, and possibly the year: ExxonMobil is betting big on light, sweet oil.

Where small town America is thriving: Another big story, closer to home, of course, was the article in Forbes magazine ranking small towns in America based on their economies, or something to that effect. Williston ranked #1. Williston, Dickinson, and Minot were all in the top six. Two cities in west Texas, including Midland, also made the top five or six. There are a number of story lines there but I simply don't have time.

Other big stories:

• US crude oil inventories continue to build; most recent EIA report "stunned" oil bulls
• the saga of Enbridge Line-3 is one step closer to being approved
• TransCanada received approval for their all-important natural gas pipeline in Louisiana -- Cameron Access
• the heavy oil "issue" -- several stories making the rounds regarding this issue 
• Canadian heavy oil selling at US$30.55 / bbl
• many, many stories on the Saudi Aramco IPO and another delay; here; here; here;
• clearly, the LNG story -- not to be confused with the other big story, NGLs -- is getting bigger and bigger every day; here; here; 
• negative decline rate -- another nail in the coffin of Peak Oil

There were a number of Bakken stories I missed; someone sent me a  link of some of those stories; I will post it later.

Operations
An old Slawson Pike Federal well shows jump in production; this is not something one sees in conventional fields
CLR puts a well that has been completed/reported back on the confidential list; again, something we don't see in conventional plays
North Dakota still producing more than one million bopd
Another huge re-fracked MRO well
Huge jump in production in an old WPX well 

Bakken economy
Williston's fire safety rating: jumps to top 2% of the nation 
Boomtown is back -- Bloomberg

Miscellaneous
A look back at Bakken projections, from 2013, Mike Fitzsimmons