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Thursday, May 16, 2019

Five New Permits; WTI Trading Right At $63 -- May 16, 2019

WTI: things can't be too bad in the Mideast; WTI did go up 1.6%; up over a dollar, now trading at $63.04. 

Active rigs:

$63.045/16/201905/16/201805/16/201705/16/201605/16/2015
Active Rigs6559502883

Five new permits:
  • Operators: CLR (4); Crescent Point Energy
  • Fields: Murphy Creek (Dunn County), Rainbow (Williams)
  • Comments:
    • CLR has permits for a 4-wellJack pad in lot 1/section 4-145-95, Murphy Creek
    • Crescent Point Energy has a permit for a single CPEUSC Dorothy well in section 30-158-98, Rainbow oil field
Five producing wells (DUCs) reported as completed:
  • 34049, 4,527, MRO, State Kreiger 14-36H, Bailey, t4/19; cum 185K 4/20; section 36-146-94;
  • 34048, 2,849, MRO, State Kelling 14-36TFH, Bailey, t4/19; cum 104K 4/20; section 36-146-94;
  • 34050, 3,562, MRO, State Oster 14-36TFH, Bailey, t4/19; cum 75K 4/19; seemed to struggle early on; section 36-146-94;
  • 34044, 4,519, MRO, Rafter 44-35H, Bailey, t4/19; cum 179K 4/20; section 35-146-94;
  • 34046, 3,091,  MRO, Two Bar 34-55H, Bailey, t4/19; cum 152K 4/20; section 35-146-94;
    • neighboring wells:
      • 16736, just returned to production; see recent production profile below; Bill Connolly; back on line 3/19;
      • 25484, off line; remains off lien 4/20;
      • 25482, off line for only two months, early 2019; back on line 4/19;
A neighboring well:
  • 16736, 377, MRO, Bill Connolly 21-25H, Bailey, t1/08; cum 233K 3/19; recent production; note, 4,502 bbls over 5 ays extrapolates to 27,000 bbls over 30 days; see first comment -- was re-fracked (part of the MRO re-fracking program in the Bailey ...
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20195450237552027831545572030
BAKKEN2-20190000000
BAKKEN1-20190000000
BAKKEN12-20180000000
BAKKEN11-201812344031969
BAKKEN10-201831844680243786420128
BAKKEN9-20183081791014376647858

4 comments:

  1. I believe 16736 was refracked at the same time as as the new wells were fracked. The information should show up soon.

    ReplyDelete
    Replies
    1. You are correct; I should have checked. FracFocus, 33-025-00650:

      #16736 fracked 2/22/2019 - 3/9/2019 with a rather moderate amount of proppant: 6 million lbs.

      Delete
  2. High speed rail Fed payments are dead. https://www.reuters.com/article/us-california-rail/us-cancels-929-million-in-california-high-speed-rail-funds-after-appeal-rejected-idUSKCN1SM2F9

    Was warned before, but now action taken.

    Cali was already showing signs of possibly giving up project themselves but now they can blame it on the Feds. Doesn't matter...no reason to throw good money after bad.

    ReplyDelete
    Replies
    1. Thank you. There was not much news after the February announcement that the "bullet train was dead / not dead." I did find this from about a week ago: https://www.latimes.com/local/california/la-me-bullet-train-trump-dispute-20190508-story.html.

      Will post as a stand-alone post later when I get caught up. Much appreciated.

      Delete

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