Newfield's Yellowfin Wells In Siverston Oil Field

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;

Three daughter wells:

• 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;

The granddaughter wells:

• 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,

Like The Popular Vote -- It Would Be Interesting To Back Out The State Of California In This Graphic -- November 25, 2018

From twitter:

It would be interesting to see this same graph "backing out" (removing) California from the data base. I can't talk to gasoline prices from DC to NYC to Bean Town but I can talk to the gasoline prices in California. One wonders to what extent the price of gasoline in California skews the national average.

In addition, the graphic confuses the reader: the "headline" is for the "Thanksgiving price" but the graphic is of the entire year -- to see just Thanksgiving, one has to concentrate on the "black dots." Removing the blue line, "tells" a completely different story than that suggested by the blue line.

A year ago, $2.53 is probably statistically and significantly no different than this year, $2.61.

$2.61 this year is less expensive than it was back in 2009 and 2010. It wasn't until 2011 through 2014 -- when we were told that we couldn't drill our way to less expensive oil -- Barack Obama -- when we saw gasoline prices appreciably higher, coming close to $4/gallon during the summer of those years -- as an "average."

The Saudi Surge -- when oil plummeted in price -- was from early 2015 to early 2017. Notice the huge drop in the price of gasoline January, 2014 to January, 2015. The tanking continued through January, 2016, when the Saudis cut back on exports.

Looking at just the "dots," the "average" price of gasoline at Thanksgiving for 2018, 2017, 2016, and 2015, were all lower than all previous years (from Thanksgiving, 2009, to Thanksgiving, 2014.

Of the ten (10) Thanksgiving prices shown, the four lowest were the last four years. 

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NASCAR

I'm watching "drone racing" in the penultimate global drone race on ESPN. It's being held in Munich, Germany. If one wants to know where younger NASCAR fans are going, watch drone racing: the younger generation is going to drone racing. This is something directly out of "Star Wars," the movie. The contestants are vying for an invite to the global championship to be held in .... Saudi Arabia.

Once they add artificial noise to the drones .... 

Interestingly, one of the big sponsors is the US Air Force. 

Production By Association -- A Kermit Well -- November 25, 2018

Lots of fracking activity taking place in this area recently.

Let's take a look at this well:

• 16792, 689, BR, Kermit 1-32H, Pershing, t5/08; cum 166K 9/18; recent production -- that 5,060 bbls in 17 days extrapolates to 9,000 bbls over 30 days --

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2018	17	5060	5262	4608	2019	1977	0
BAKKEN	8-2018	2	136	0	2	28	27	0
BAKKEN	7-2018	0	0	0	0	0	0	0
BAKKEN	6-2018	0	0	0	0	0	0	0
BAKKEN	5-2018	26	789	674	127	458	393	0
BAKKEN	4-2018	30	1098	1403	154	716	588	54
BAKKEN	3-2018	23	912	704	332	709	652	0
BAKKEN	2-2018	0	0	0	0	0	0	0
BAKKEN	1-2018	0	0	0	0	0	0	0
BAKKEN	12-2017	10	171	0	4	446	421	0
BAKKEN	11-2017	30	727	966	103	1657	1583	0
BAKKEN	10-2017	31	793	704	126	1582	1414	91
BAKKEN	9-2017	30	688	685	163	1464	1338	52
BAKKEN	8-2017	31	606	658	110	1746	1669	0
BAKKEN	7-2017	31	935	912	130	1853	1776	0

This well was drilled back in 2008. By today's standards it was not a good well. But we talked about that at the time. Regardless of whether it was a good well or not, it was not a dry hole and it held the lease by production.

Now, we are getting great wells in the area, and because of "production by association," this well will likely turn into a great well.

It was my understanding that once a well reached "peak production" it would show steady decline after that.

These Bakken wells are going to produce for 30 years and they will go through the Bakken life-cycle of frack, re-work; neighboring fracks; mini re-fracks; re-work; major re-fracks over those 30 years. This well is already ten years old and has had no major work done on it -- based on NDIC sundry forms -- during all that time. Biggest associated expense, I support, disposing of produced water.

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The Literature Page

Somehow I missed this in all my years of "formal" education, but by reading for pleasure I came upon the concept of "originality" in literature, a common theme for Harold Bloom. After reading Harold Bloom years ago, I enjoy looking for examples of "originality."

Today, another great example in Karen Armstrong's Biography of the Bible, c. 2007.

Page 26:

In P's (the Priestly school in Babylonian exile that revised J and E's writings, added Leviticus and Numbers to the torah), the exile was the latest in a sequence of migrations: Adam and Even had been expelled from Eden; Cain condemned to a life of homeless vagrancy after murdering Abel; the human race had been scattered at the Tower of Babel; Abraham had left Ur; the tribes had emigrated to Egypt, and eventually lived as nomads in the desert. In their latest dispersal, the exiles must build a community to which the presence (of the Lord) could return.

In a startling innovation, P suggested that the entire people observe the purity laws of the temple personnel. Everybody must live as though he were serving the divine presence. Israel must be "holy" (qaddosh) and "separate" like Yahweh, so P crafted a way of life based on the principle of separation.

The exiles must live apart from their Babylonian neighbours, observing distinctive rules of diet and cleanliness. Then -- and only then -- Yahweh would live among them.

"I will place my tabernacle in your midst," God told them, "and I will walk about among you."

Babylonia could become another Eden, where God had walked with Adam int he cool of the evening.

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Winging Their Way Back Home From California

Production By Association -- Wiley And Bailey -- November 25, 2018

The graphic:

Let's take a look at two wells: #17742 and #17770.


The well:

• 17770, 406, CLR, Bailey 1-24H, 33-053-02964, Pershing, t4/10; cum 186K 9/18; recent production data --

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2018	0	0	0	0	0	0	0
BAKKEN	8-2018	22	2815	2752	6617	4993	1258	3465
BAKKEN	7-2018	28	5605	6129	16012	9128	768	8003
BAKKEN	6-2018	25	7099	6929	15430	12968	8462	4224
BAKKEN	5-2018	28	8280	8437	22299	16772	16342	430
BAKKEN	4-2018	13	2736	2189	11648	4846	4575	271
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	14	359	486	73	586	586	0
BAKKEN	11-2017	30	831	853	357	1509	1475	34
BAKKEN	10-2017	31	891	960	292	1738	1578	160

The well:

• 17742, 668, CLR, Wiley 1-25H, 33-053-02958, Pershing, t6/09; cum 176K 9/18, recent production -- 

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2018	30	3634	3586	4417	6223	5023	797
BAKKEN	8-2018	23	2335	2410	3350	4326	648	3397
BAKKEN	7-2018	14	3313	2972	5143	5606	0	5420
BAKKEN	6-2018	0	0	0	0	0	0	0
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	14	319	500	75	580	580	0
BAKKEN	11-2017	30	785	863	255	1434	1434	0
BAKKEN	10-2017	31	998	898	328	1592	1479	113
BAKKEN	9-2017	30	336	255	15	426	421	5
BAKKEN	8-2017	31	650	750	175	1349	1349	0

By the way, similar production profiles for #19934, #19936, #19933, and #19935. Worth repeating:

Someone recently said that they could quit drilling new wells in the Bakken for a year or so, simply complete the DUCs and return inactive wells to production, and North Dakota would continue to maintain production at current levels. The example above supports that view.

Whatever happened to all that talk about the Red Queen?

I also remember all that hand-wringing by mineral owners upset that oil companies were going to be drilling new wells near their wells that were already producing.

Something tells me there is still a lot to learn about tight oil, unconventional oil, the Bakken. 
 

Production By Association -- The Nathan Hale -- Spotted Horn -- November 25, 2018

The Grizzly wells are coming off the confidential list this next week.

The graphic:

The well of interest, has not been re-fracked according to NDIC data at this time, last sundry form of note received in 2013:

• 17978, 993, WPX, Nathan Hale 4-25H, 33-053-03007, Spotted Horn, t1/10; cum 359K 9/18, recent production profile, (full production profile at this post):

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2018	1	0	52	24	2	0	2
BAKKEN	8-2018	23	12332	12543	2039	17767	16327	0
BAKKEN	7-2018	31	16105	16005	2444	19438	15898	1654
BAKKEN	6-2018	30	26589	26639	5557	32093	23505	5274
BAKKEN	5-2018	31	8377	8171	4914	10112	6117	2116
BAKKEN	4-2018	18	2243	2216	2896	2707	982	1291
BAKKEN	3-2018	25	6576	6761	4828	7937	4612	2386
BAKKEN	2-2018	23	17139	17228	6048	20688	11684	6583
BAKKEN	1-2018	22	14317	14981	6872	17280	10324	4721
BAKKEN	12-2017	31	22754	22034	11469	27464	10535	13741
BAKKEN	11-2017	28	19318	19146	18597	23316	1568	18995
BAKKEN	10-2017	5	923	931	310	1114	26	914
BAKKEN	9-2017	29	1155	1079	192	1394	610	84
BAKKEN	8-2017	11	362	357	102	439	114	69

Someone recently said that they could quit drilling new wells in the Bakken for a year or so, simply complete the DUCs and return inactive wells to production, and North Dakota would continue to maintain production at current levels. The example above supports that view.

Whatever happened to all that talk about the Red Queen?

I also remember all that hand-wringing by mineral owners upset that oil companies were going to be drilling new wells near their wells that were already producing.

Something tells me there is still a lot to learn about tight oil, unconventional oil, the Bakken. 

Manufacturing Phase Of The Bakken -- November 25, 2018

A lot of familiar "family" name wells coming off the confidential list this week.

The Oasis Lite wells are tracked here.

The Enerplus "Heavy Metal" wells are tracked here.

Bruin will be reporting more Fort Berthold wells this week.

The CLR Wiley wells are tracked here.

The CLR Miles-Kennedy wells are tracked here.

The XTO Rink wells are tracked here.

The Oasis Kjorstad wells are tracked here.

The Newfield Yellowfin wells are tracked here.

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Farmers Market

Four nice bell peppers -- described as a day old -- whatever that means -- the four were sold for 99 cents, total, not apiece. [The day-old peppers were behind me, not in the photo.]

Wells Coming Off The Confidential List This Next Week -- November 25, 2018

Six months ago it was coming up on the vernal equinox. The days were going to soon get longer and the weather improving. 


Monday, December 3, 2018:
None.

Sunday, December 2, 2018:
33695, conf, Oasis, Lite 5393 31-11 9B, Sanish, a big well;

Saturday, December 1, 2018:
33968, conf, Enerplus, Nickel 147-93-16B-21H-TF, Moccasin Creek, a nice well;
31264, conf, Oasis, Kjorstad 5300 34-22 9B, Willow Creek, a very nice well;

Friday, November 30, 2018:
33696, conf, Oasis, Lite 5303 131-11 8T, Sanish, a nice well;
33242, conf, Oasis, Muri 5198 12-4 5B, Banks, a huge well --

Date	Oil Runs	MCF Sold
9-2018	31875	35842
8-2018	30148	40268
7-2018	32186	69734
6-2018	25323	45039
5-2018	275	0

33227, conf, CLR, Kennedy 5-31H, Dimmick Lake, a nice well;
33110, conf, CLR, Wiley 10-25H, Pershing, a nice well --

Date	Oil Runs	MCF Sold
9-2018	32422	53000
8-2018	32234	52382
7-2018	38044	61450
6-2018	1086	0
5-2018	903	0

30543, conf, Bruin, Fort Berthold 151-94-26A-35-6H, Antelope, a huge well --

Date	Oil Runs	MCF Sold
9-2018	14841	11025
8-2018	32829	22985
7-2018	53082	34423
6-2018	44403	39049

Thursday, November 29, 2018:
34590, conf, WPX, Grizzly 25-36HIL, a nice well, 33K first month;
34322, conf, Nine Point Energy, Sigma Lee 155-103-14-23-8H, Squires, producing,
33697, conf, Oasis, Lite 5393 31-11 7B, Sanish, a nice well;
30544, conf, Bruin, Fort Berthold 151-4-26A-35-7H, Antelope, producing, 

Wednesday, November 28, 2018:
34738, conf, BR, Rink 6-1-5MBH-R, Pershing, producing,
33111, conf, CLR, Wiley 9-25H2, Pershing, a nice well --

Date	Oil Runs	MCF Sold
9-2018	20768	37826
8-2018	17321	31893
7-2018	30236	52972
6-2018	3772	6193
5-2018	3261	0

30545, conf, Bruin, Fort Berthold 151-94-26A-35-9H, Antelope, a huge well --

Date	Oil Runs	MCF Sold
9-2018	12149	11037
8-2018	47185	31244
7-2018	30719	20591
6-2018	32855	31464
5-2018	2942	1267

30542, conf, Bruin, Fort Berthold 151-94-26A-35-5H, Antelope, a nice well, 

Tuesday, November 27, 2018:
34802, conf, Newfield, Yellowfin 150-98-6-7-9HLW, Siverston, a nice well, 29K first month, 
34589, conf, WPX, Grizzly 25-36HW, Spotted Horn, a huge well; 30K in first month;
33699, conf, Oasis, Lite 5393 31-11 6T, Sanish, a nice well --

Date	Oil Runs	MCF Sold
9-2018	18966	33559
8-2018	27100	26291
7-2018	11507	8951
6-2018	28838	26570
5-2018	6868	0

33698, conf, Oasis, Lite 5393 31-11 6T, Sanish, a nice well --

Date	Oil Runs	MCF Sold
9-2018	16465	23663
8-2018	17235	16432
7-2018	20192	17379
6-2018	29048	28537
5-2018	2205	0

Monday, November 26, 2018:
34801, conf, Newfield, Yellowfin 150-98-6-7-8H, Siverston, a nice well; 24K first full month;
34587, conf, WPX, Grizzly 25-36HX, Spotted Horn, 30K first month reporting, unknown number of days;

Sunday, November 25, 2018:
34800, conf, Newfield, Yellowfin 150-98-6-7-7H, Siverston, a nice well; 25K first full month;
34610, conf, Petro-Hunt, Klevmoen 153-95-17C-7-1H, Charlson, no production data,
34586, conf, WPX, Grizzly 25-36HF, Spotted Horn; producing;
34254, conf, Bruin, Sadowsky 14-11-2H, producing; 
34051, conf, WPX, Howling Wolf 28-33D, Wolf Bay, no production data,
33112, conf, CLR, Wiley 8-25H, Pershing, a huge well --
:

Date	Oil Runs	MCF Sold
9-2018	33534	66674
8-2018	45114	79898
7-2018	52930	90387
6-2018	12113	19086
5-2018	2128	0

Saturday, November 24, 2018:
34585, conf, WPX, Grizzly 25-36HY, Spotted Horn, producing;
33226, conf, CLR, Kennedy 6-31H2, Dimmick Lake, another nice Miles-Kennedy pad well --

Date	Oil Runs	MCF Sold
9-2018	12165	24648
8-2018	20734	34353
7-2018	5198	8665
5-2018	1294	0