Updating A Bruin Fort Berthold Well In Antelope Oil Field That Produced 150K in Two Months; Section 151-94-26 -- September 6, 2018

Updates

October 18, 2019:

Full production this well --

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
SANISH	8-2019	31	18116	18127	13274	50936	31575	14284
SANISH	7-2019	31	22025	22148	14986	41594	23475	13814
SANISH	6-2019	19	12640	12693	8545	25159	5762	15748
SANISH	5-2019	27	21080	20966	14320	41982	640	35247
SANISH	4-2019	30	24395	24366	15743	48605	13916	26329
SANISH	3-2019	31	31892	32029	18084	73230	44410	19011
SANISH	2-2019	28	28425	28381	20437	53934	39833	6426
SANISH	1-2019	31	35023	34977	22366	62596	40175	12596
SANISH	12-2018	24	24110	24405	16587	51431	28435	18516
SANISH	11-2018	22	14137	14213	12924	22550	9676	10733
SANISH	10-2018	31	43691	43822	30933	65025	27559	32588
SANISH	9-2018	30	52975	53044	56150	60629	46067	5677
SANISH	8-2018	31	72516	72408	63718	90671	45480	39524
SANISH	7-2018	31	63800	63646	74543	90608	42893	42889
SANISH	6-2018	30	95315	95959	67134	67211	37232	25562
SANISH	5-2018	15	7799	6657	26169	13921	7572	3178
SANISH	4-2018	0	0	0	0	0	0	0

Updating this well, original post here:

Original post has graphic and additional information.

The wells:

• 22708, 1,776, Bruin E&P, Fort Berthold 151-94-26B-35-2H, Antelope, t4/14; cum 356K 11/19; nice bump after coming back online;
• 20328, 1,647, Bruin E&P, Fort Berthold 151-94-26B-35-1H, Antelope, t3/12; cum 571K 11/19; offline since 1/18; back on line 9/18;
• 22707, 1,959, Bruin E&P, Fort Berthold 151-94-26B-35-3H, Antelope, t4/14; cum 591K 11/19; offline since 1/18; back on line 9/18;

• 30541, 4,871, Bruin E&P, Fort Berthold 151-94-26A-35-4H, Antelope-Sanish, t6/18; cum 609K 11/19;

Date	Oil Runs	MCF Sold
7-2018	63646	42893
6-2018	95959	37232
5-2018	6657	7572

• 30542, 2,010, Bruin E&P, Fort Berthold 151-94-26A-35-5H, Antelope-Sanish, t6/18; cum 196K 11/19;
• 30543, 2,837, Bruin E&P, Fort Berthold 151-94-26A-35-6H, Antelope-Sanish, t6/18; cum 364K 11/19;

Date	Oil Runs	MCF Sold
7-2018	53082	34423
6-2018	44403	3904

• 30544, 1,129, Bruin E&P, Fort Berthold 151-94-26A-35-7H, Antelope-Sanish, t6/18; cum 126K 11/19;
• 30545, 2,070, Bruin E&P, Fort Berthold 151-94-26A-35-8H, Antelope-Sanish, t6/18; cum 323K 11/19;
• 30546, 661, Bruin E&P, Fort Berthold 151-94-26A-35-9H, Antelope-Sanish, t7/18; cum 147K 11/19;

• 31774, 5,058, Bruin E&P, Fort Berthold 151-94-27A-34-16H, Antelope-Sanish, t7/18; cum 524K 11/19;

Date	Oil Runs	MCF Sold
7-2018	60338	16676

• 31775, 2,402, Bruin E&P, Fort Berthold 151-94-26B-35-15H, Antelope-Sanish, t8/18; cum 310K 11/19;
• 32431, 4,215, Bruin E&P, Fort Berthold 151-94-26B-35-13H, Antelope-Sanish, t7/18; cum 300K 11/19;
• 31776, 1,992, Bruin E&P, Fort Berthold 151-94-26B-35-12H, Antelope-Sanish, t8/18; cum 183K 11/19;
• 31777, 3,376, Bruin E&P, Fort Berthold 151-94-26B-35-11H, Antelope-Sanish, t7/18; cum 298K 11/19;
• 31778, 1,549, Bruin E&P, Fort Berthold 151-94-26B-35-10H, Antelope-Sanish, t8/18; cum 173K 11/19;

Ares Management Acquires Paradigm Energy Partners -- September, 6, 2018

An alert, eagle-eyed reader caught this next story. I'm impressed.

Go back to this 2014 post for the background to this story:

Phillips 66 Partners and Paradigm Energy Partners announce midstream logistics joint ventures: Co and Paradigm Energy Partners, LLC announce that they have executed agreements to form two joint ventures to develop midstream logistics infrastructure in North Dakota. Consisting of two previously announced projects, the Sacagawea Pipeline and Palermo Rail Terminal, the joint ventures are designed to enhance logistical options for crude oil transportation in the Bakken region.
From an earlier press release:

The Sacagawea Pipeline project is being developed to deliver crude oil from various points south of Lake Sacagawea in and around Johnson's Corner and Keene, in McKenzie County, North Dakota, to destinations with takeaway options for both rail and pipe in Palermo and Stanley, N.D.

SPC has received significant shipper interest in committing to the project, and based on such, anticipates receiving sufficient shipper commitments to proceed with the project.  All potential customers will have an equal opportunity to obtain capacity in the project and must submit binding commitments prior to the conclusion of the open season process.

More at the link.

Now, today we have this story, sent in, as I noted, a very, very alert reader. From a press release:

Ares Management, L.P. (NYSE:ARES) announced today that funds managed by Ares EIF, its power and infrastructure strategy, have closed on the acquisition of substantially all of the assets and business interests of Paradigm Energy Partners from an affiliate of Stonepeak Infrastructure Partners.

The Paradigm assets will be combined with Ares EIF’s adjacent Van Hook Gathering System, which it acquired in 2015, to form a premier regional midstream platform serving the core of the Williston Basin in North Dakota, with additional reach into the prolific Eagle Ford Shale in South Texas.

The combined entity, which will continue to be known as Paradigm, will continue to be operated by Paradigm’s existing management team and employee base.

The acquisition consists of two oil and natural gas gathering systems in North Dakota and a third in South Texas, along with joint venture interests in the Sacagawea Pipeline Company and various logistics assets in North Dakota.

By year end 2018, the combined company is expected to transport nearly 50,000 barrels of oil and 23 million cubic feet of gas per day from 11 contracted customers in North Dakota and Texas.

Daily Activity Report Posted A Day Late -- September 6, 2018

Active rigs:

$67.91↓	9/6/2018	09/06/2017	09/06/2016	09/06/2015	09/06/2014
Active Rigs	65	56	33	75	196

Eight new permits:

• Operators: Crescent Point Energy (5); EOG (2); Resource Energy Can-Am
• Fields: Ellisville, Parshall, Ambrose
• Comments: for newbies -- note the chronologic numbers for the EOG Burke wells;

• 35407: Resource Energy Can-Am LLC, Pacer 3427-164-99-5H, Ambrose
• 35408: EOG, Burke 78-3501H, Parshall,
• 35409: EOG, Burke 79-3501H, Parshall,
• 35410: Crescent Point, CPEUSC Austin 8-17-20-158N-99W-LL TFH, Ellisville,
• 35411: Crescent Point, CPEUSC Austin 2-17-20-158N-99W MBH, Ellisville,
• 35412: Crescent Point, CPEUSC Narcisse 2-8-5-158N-99W MBH, Ellisville,
• 35413: Crescent Point, CPEUSC Austin 5-17-20-158N-99W TFH, Ellisville,
• 35414: Crescent Point, CPEUSC Narcisse 5-8-5-158N-99W TFH, Ellisville,

One permit canceled: WPX, a Spotted Horn permit in McKenzie County.

Three producing wells (DUCs) reported as completed:

• 32479, 2,701, XTO, Werre Trust Federal 14X-34AXB, Bear Creek, t7/1; cum 25K after 15 days;
• 32378, 2,540, XTO, Werre Trsut 21X-3B, Bear Creek, 60 stages; 17.9 million lbs, t6/18; cum 104K after two months;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2018	31	43782	44250	48883	21876	6590	15095
BAKKEN	6-2018	30	53679	52759	55199	0	0	0
BAKKEN	5-2018	6	2834	2142	2641	0	0	0
BAKKEN	4-2018	1	260	286	0	0	0	0
BAKKEN	3-2018	16	3118	3072	0	0	0	0

33259, A, Whiting, Wold Federal 44-7-1H,  t--; cum --





Time for a song:

Lonesome Friends of Science, John Prine

US Gasoline Inventories Soar; Crude Oil Has A Substantial Draw -- But It Must Be The Gasoline Inventories That Drove A 2% Drop In The Price Of WTI -- September 6, 2018

Updates

September 7, 2018: But take a look at this. Reuters suggests US crude oil stockpile decline -- more than expected last week -- is a bullish sign --  

U.S. crude stockpiles fell more than expected last week, while gasoline and distillate inventories rose.

Crude inventories fell 4.3 million barrels in the week to August 31, 2018, compared with analysts' expectations for a decrease of 1.3 million barrels. The decline brought stockpiles to 401.49 million barrels, the lowest levels since February 2015.

Stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures rose by 549,000 barrels, EIA said.

"The large crude oil inventory drawdown makes for a bullish report, despite the appreciable gains in refined product inventory levels," said John Kilduff, a partner at Again Capital Management in New York.

Refiners' demand for crude oil and drivers' demand for gasoline remain supportive of the market, with gasoline demand remaining near the highest levels of the season, he said. Still, he cautioned that rising stockpiles at Cushing were somewhat bearish.

 Original Post

This is certainly weird and proves the rule: predicting the price of oil is a fool's errand.

WTI falls 2% even though the EIA reports a substantial crude oil draw.

• US crude oil inventory draw of 4.3 million bbls; inventories now stand at 401.5 million bbls; my threshold = 400 million bbls; we're practically there
• refineries operating at only 96.6% capacity
• gasoline production decreased a bit last month; now averaging less than 10 million bbls/day over the past four weeks
• distillate fuel, on the other hand, is up about 3% over the past four weeks
• but jet fuel is the big story (and a lot of CO2 emissions): jet fuel product supplied was up over 5% compared with same four-week period last year
• but this is what is probably driving crude oil down in price today: total motor gasoline inventories increased by 1.8 million bbls last week -- an astounding 7% above the 5-year average for this time of the year -- with that inventory, one would think refineries will request less crude oil going forward, and already refinery are operating at less than 97% capacity after recently being near 99%

The gasoline demand graph:

Natural gas fill rate: link here.

MRO Re-Frack -- For Newbies -- The Life-Cycle Of A Bakken Well -- September 6, 2018

The well:

• 17498, 498, MRO, Chimney Butte 34-11H, Bailey, t11/08; cum 256K 7/18; API - 33-025-00804; a re-frack; 
on re-frack: 

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2018	28	32033	32078	35087	20329	5166	12950
BAKKEN	6-2018	28	40585	39571	79992	39267	6	36507
BAKKEN	5-2018	0	0	0	0	0	0	0
BAKKEN	4-2018	0	0	0	0	0	0	0
BAKKEN	3-2018	0	0	0	0	0	0	0
BAKKEN	2-2018	0	0	0	0	0	0	0
BAKKEN	1-2018	0	0	0	0	0	0	0
BAKKEN	12-2017	0	0	0	0	0	0	0
BAKKEN	11-2017	0	0	0	0	0	0	0
BAKKEN	10-2017	0	0	32	0	0	0	0
BAKKEN	9-2017	29	675	690	356	638	0	397

After the original frack back in 2008:

BAKKEN	3-2009	31	3575	3420	600	2142	2142	0
BAKKEN	2-2009	28	3400	3399	553	1714	1714	0
BAKKEN	1-2009	30	4915	4829	862	2635	2635	0
BAKKEN	12-2008	26	3431	3808	200	1156	1156	0
BAKKEN	11-2008	28	7753	7263	2327	4010	822	3188
BAKKEN	10-2008	22	2846	2703	135	1468	0	1468

152-93-30 -- MRO Wells, Reunion Bay

This page will not be updated; these wells are now tracked here. 

The graphic:

The wells:

• 22288, 1,466, MRO, Joanne Quale USA 21-30H, Reunion Bay, t1/13; cum 418K 5/20; huge jump, 12/18;
  
• 22289, 1,444, MRO, Joanne Quale USA 21-30TFH, Reunion Bay, t12/12; cum 414K 5/20; nice jump, 6/19;
  
• 33923, 6,179, MRO, Maleckar USA 31-30H, Reunion Bay, t1/19; cum 311K 5/20; 74K first full month
  
• 33924, 5,517, MRO, Skadeland USA 31-30TFH, Reunion Bay, t1/19; cum 215K 5/20; off line 12/19; back on line 4/20;
  
• 33925, 5,395, MRO, Wendell USA 31-30H, Reunion Bay, t1/19; cum 214K 5/20; off line 12/19; back on line 4/20;
• 34597, 3,679, MRO, Sheldon USA 21-30TFH, Reunion Bay, t1/19; cum 288K 5/20;

• 24620, 5,601, MRO, Coburn USA 41-30TFH, Reunion Bay, t1/19; cum 244K 5/20;
• 24621, 5,414, MRO, Bobby Lee USA 41-30H, Reunion Bay, t1/19; cum 236K 4/20; off line 4/20; remains off line 5/20;
  
• 33928, 5,935, MRO, Honaker USA 41-30TFH, Reunion Bay,t1/19; cum 268K 5/20;
• 24622, 1,448, MRO, Annie USA 11-29TFH, Reunion Bay, t2/13; cum 295K 5/20; offline since 2/18; back on line 4/19; no jump in production;
• 33927, 4,722, MRO, Zelda USA 11-29H, Reunion Bay, t1/19; cum 231K 5/20; off line 2/20; back online 4/20;
  
• 33926, 3,943, MRO, Cantrill USA 11-29TFH, Reunion Bay, t1/19; cum 301K 5/20;

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

Initial Production

33926:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2019	19	8095	8114	8104	13364	9194	3375
BAKKEN	7-2019	31	13504	13703	16017	29087	729	27155
BAKKEN	6-2019	30	16697	16584	16328	35774	16352	17998
BAKKEN	5-2019	31	20673	20834	19869	42377	5705	34972
BAKKEN	4-2019	30	25514	25514	20060	32197	13505	16699
BAKKEN	3-2019	29	34242	34362	26269	36917	1827	32543
BAKKEN	2-2019	25	36537	37144	29587	28923	14162	12118
BAKKEN	1-2019	29	65072	64081	55081	66855	54	62284
BAKKEN	12-2018	2	301	0	295	516	0	497

33927:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2019	31	9939	9885	8057	34678	26627	7218
BAKKEN	7-2019	31	11665	11690	9201	37229	15065	21230
BAKKEN	6-2019	30	12917	12980	9958	44321	5722	37592
BAKKEN	5-2019	31	16553	17325	11716	10349	9102	2
BAKKEN	4-2019	30	21375	20745	13276	52731	11288	39908
BAKKEN	3-2019	31	33710	33710	18757	68238	21680	44206
BAKKEN	2-2019	24	30960	30764	25528	58851	21631	35069
BAKKEN	1-2019	19	49692	49772	25234	66721	5679	57704
BAKKEN	12-2018	2	392	0	157	427	0	402

33928:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2019	31	8182	8145	12989	36367	27902	7734
BAKKEN	7-2019	31	9949	9992	14968	41904	16930	24126
BAKKEN	6-2019	30	11920	12003	17428	51393	6612	43809
BAKKEN	5-2019	31	16432	17191	22148	57130	10730	45129
BAKKEN	4-2019	30	21064	20495	26711	65197	13996	49645
BAKKEN	3-2019	31	36654	36661	37849	73406	23528	47320
BAKKEN	2-2019	27	34086	34048	27825	59131	23309	33457
BAKKEN	1-2019	28	82969	82447	81576	109051	8521	94984
BAKKEN	12-2018	2	0	0	516	606	0	606

24621: January, 2019 extrapolates to -- 98370

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2019	19	7235	7296	5308	15117	10475	4045
BAKKEN	7-2019	31	11798	11792	8611	31122	10297	19788
BAKKEN	6-2019	30	15125	15161	10186	34687	11284	22059
BAKKEN	5-2019	31	18927	19088	12048	41622	9701	30332
BAKKEN	4-2019	30	30455	30372	19895	57248	14875	40017
BAKKEN	3-2019	19	26054	26274	15916	35050	9730	23438
BAKKEN	2-2019	22	44141	43996	25717	53232	9879	40147
BAKKEN	1-2019	10	32790	32465	18118	41754	2197	37384
BAKKEN	12-2018	2	150	142	81	551	0	541

24620:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2019	31	8815	8865	17406	28786	21898	6045
BAKKEN	7-2019	31	12526	12535	19088	37558	12456	23958
BAKKEN	6-2019	30	17604	17593	21740	37659	12099	24030
BAKKEN	5-2019	25	16516	16739	19875	42863	9512	31923
BAKKEN	4-2019	30	33924	33850	33639	64609	16776	45203
BAKKEN	3-2019	29	30896	30996	33751	39526	11347	25951
BAKKEN	2-2019	22	37442	37346	40844	47800	8881	36180
BAKKEN	1-2019	11	30535	30227	30282	50264	2591	45631
BAKKEN	12-2018	2	42	40	202	465	0	462

34597:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2019	31	14392	14443	12479	46754	35329	10052
BAKKEN	7-2019	31	18006	17992	14129	51658	17108	32928
BAKKEN	6-2019	30	22496	22481	21007	50417	16382	32049
BAKKEN	5-2019	25	20909	21060	19613	47529	10525	35257
BAKKEN	4-2019	30	31250	31315	26042	56496	14682	39412
BAKKEN	3-2019	29	41970	41925	30467	68687	18643	46947
BAKKEN	2-2019	22	34186	34053	28004	45762	8625	34616
BAKKEN	1-2019	11	23358	23126	23904	34747	1959	31227
BAKKEN	12-2018	2	83	78	878	45	0	40

33925:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2019	30	7929	7957	6232	23689	17953	5000
BAKKEN	7-2019	31	9910	9900	7335	26411	8739	16798
BAKKEN	6-2019	30	12139	12182	10342	31264	10135	20013
BAKKEN	5-2019	31	16751	16837	12553	42567	9860	31250
BAKKEN	4-2019	30	21831	22013	14487	48847	12790	34310
BAKKEN	3-2019	31	43184	43211	23561	74630	20739	50668
BAKKEN	2-2019	25	41862	41792	25926	52129	8878	40229
BAKKEN	1-2019	12	37848	37483	24755	48042	2433	43105
BAKKEN	12-2018	2	353	334	214	642	0	619

 
33924:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2019	31	9748	9797	9902	28475	21892	5679
BAKKEN	7-2019	31	13356	13260	15496	25505	8376	16044
BAKKEN	6-2019	20	7711	7791	8306	11369	6945	3700
BAKKEN	5-2019	31	16112	16177	14626	43126	10147	31552
BAKKEN	4-2019	30	19480	19558	19207	45030	11809	31651
BAKKEN	3-2019	31	29906	29960	29983	56321	15568	38495
BAKKEN	2-2019	26	32278	32398	25917	40000	6827	30844
BAKKEN	1-2019	17	46341	45876	41067	55390	3112	49206
BAKKEN	12-2018	2	88	83	150	319	0	313

33923: January, 2019, extrapolates to 92236 --

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2019	31	12385	12422	8769	35611	26816	7659
BAKKEN	7-2019	31	14990	14962	11127	40059	13203	25534
BAKKEN	6-2019	30	17003	17055	11340	39342	12882	24943
BAKKEN	5-2019	31	22470	22531	16202	49589	11542	36160
BAKKEN	4-2019	30	24526	24665	18714	50933	13311	35687
BAKKEN	3-2019	31	41819	41735	27404	66587	18487	45016
BAKKEN	2-2019	26	30468	30886	25757	40795	6900	31678
BAKKEN	1-2019	24	73789	73046	59947	82334	4893	72552
BAKKEN	12-2018	2	86	81	1691	249	0	243

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