Note: I remain inappropriately exuberant about the Bakken.
I can't recall if I have ever posted this note on the blog, but I have off-line conversations with readers about the one operator and one non-operator who probably know more about the Bakken than any of the others: CLR and NOG.
CLR: because it literally has wells throughout the Basin and Harold Hamm started accumulating acreage years (decades?) before the boom began.
NOG: because it literally participates, as a non-operator, in wells across the Basin and works with almost every operator in the play. I've blogged about this aspect of NOG before; it was a good post; if I can find it, I will link it. NOG is yet to report 4Q18 earnings; I always enjoy their earnings conference call (via SeekingAlpha).
CLR said that 2018 was a transition year for them. They turned "cash flow positive" and began paying down debt.
CLR will report some very good wells this next week. Here are a few of the best. Pop quiz: when you scroll through this very, very short list (only five wells), what other bit of trivia do you notice that is not trivial?
The wells:
- 32815, conf, CLR, Brandvik 9-25H, Corral Creek, a huge well, #16510, in the neighborhood was off-line for several months; now back on line; #29555, #23785, #23786, also all in the neighborhood, two of the three remain offline; #29555 has come back on line;
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 12-2018 | 70516 | 72086 |
| 11-2018 | 24742 | 21086 |
| 8-2018 | 1005 | 0 |
- 32816, conf, CLR, Brandvik 10-25H2, Corral Creek, a huge well;
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 12-2018 | 47686 | 53394 |
| 11-2018 | 24469 | 27641 |
| 8-2018 | 1330 | 0 |
- 32817, conf, CLR, Brandvik 11-25H, Corral Creek, a very nice well;
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 12-2018 | 36723 | 31900 |
| 11-2018 | 31529 | 28772 |
| 9-2018 | 1535 | 0 |
- 34591, conf, CLR, Pasadena 4-11HSL, Banks, a huge well; #21148, #23790, #23791, all in the neighborhood; the latter two were recently fracked for the first time; #21148 fracked back in 2012, showed a huge jump in 10/18; FracFocus does not show data to suggest #21148 was recently fracked; see this post (#21148);
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 12-2018 | 63786 | 17628 |
| 11-2018 | 42513 | 38023 |
| 10-2018 | 7161 | 6928 |
| 9-2018 | 928 | 0 |
| 8-2018 | 244 | 0 |
- 32818, conf, CLR, State Weydahl 10-36H2, Corral Creek, a huge well;
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 12-2018 | 39302 | 44687 |
| 11-2018 | 23213 | 26259 |
| 9-2018 | 948 | 0 |
