Updates
November 26, 2018: the Yellowfin wells are now tracked here. I won't be updating this page ever, every again.
Later, 9:36 p.m. CT: right on cue. While I was typing the update below, and making comments about break-even for Saudi Arabia, look what EIA tweeted:
Later, 9:09 p.m. CT: a reader sent a long note explaining what Newfield is doing with the Yellowfin wells. It's a long note with a lot of interesting information -- I would like to post it tonight, but I am simply too tired to do the note justice, so I will post it tomorrow. But a huge "thank you" to the reader for sending me the back story to these wells. It is simply amazing what is going on in the Bakken. All I can say is this: if this is what they are doing in the Bakken, one can only imagine what they are doing in the Permian.
This makes me think back to the WSJ article that was linked yesterday. With US crude oil inventories back to almost 450 million bbls, it's not going to be quick or easy to get back to 400 million bbls. If Russia doesn't cut back on production, Saudi Arabia is going to have quite a challenge.
I can't find it now, but just the other day I posted how low WTI could go and Bakken operators would still make money -- not much, but enough to stay in business. Saudi Arabia, on the other hand needs $100-oil even though they say they can manage with $80-oil. Right now, they have to be concerned with getting back to $80-oil. Trump's "bait-and-switch" ended up putting a lot of crude oil in the pipeline. China's oil inventories rose over 400% in one month.
Original Post
The graphic:
The Newfield Yellowfin wells are in the upper left-hand corner:
- 34800, conf, Newfield, Yellowfin 150-98-6-7-7H:
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 9-2018 | 24700 | 49495 |
| 8-2018 | 5830 | 1586 |
- 34801, conf, Newfield, Yellowfin 150-98-6-7-8H:
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 9-2018 | 24059 | 48332 |
| 8-2018 | 3346 | 2001 |
- 34802, conf, Newfield, Yellowfin 150-98-6-7-9HLW:
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 9-2018 | 28561 | 58085 |
| 8-2018 | 2534 | 2427 |
The other wells in the graphic.
Two parent wells:
- 18641, AB/1,856, Newfield, Newfield, Megamouth 1-8H, t8/10; cum 1/17;
- 18741, 407, Newfield, Dahl 1-5H, Siverston, t7/10; cum 155K 9/18; for Dahl wells, see this post;
- 25862, 1,312, Newfield, Holm 150-98-5-8-2H, Siverston, t3/14; cum 192K 9/18: no jump in production;
- 25863, 637, Newfield, Holm 150-98-5-8-10H, Siverston, t3/14; cum 120K 9/18; huge jump in production in 9/18;
- 25864, 1,425, Newfield, Holm 150-98-5-8-3H, Siverston, t3/14; cum 224K 9/18; huge jump in production in 9/18;
- 30397, conf, Newfield, Gariety 150-98-6-7-10H, Siverston, no production data,
- 30398, 1,891, Newfield, Gariety 150-98-6-7-4H, Siverston, t6/15; cum 290K 9/18; recently off-line; coming back on line as of 9/18;
- 35573, conf, Newfield, Goliath 150-98-5-8-5H, Siverston, no production data,
- 35389, conf, Newfield, Goliath 150-98-5-8-6H, Siverston, no production data,
- 35574, conf, Newfield, Goliath 150-98-5-8-11H, Siverston, no production data,
- 35391, conf, Newfield, Dahl 150-98-5-8-7H, Siverston, no production data,
- 35390, conf, Newfield, Dahl 150-98-5-8-8HLW, Siverston, no production data,
- 35516, conf, Newfield, Dahl 150-98-5-8-12H, Siverston, no production data,
