Saturday, February 2, 2019

Taking Advantage Of The "SI/NC" Rule? -- February 2, 2019

This well was fracked back in February, 2018; it reached total depth on August 11, 2017:

NDIC File No: 32961     API No: 33-053-07744-00-00     CTB No: 232960
Well Type: OG     Well Status: NC     Status Date: 8/11/2017     Wellbore type: Horizontal
Location: SESE 32-152-98     Footages: 228 FSL 424 FEL     Latitude: 47.935300     Longitude: -103.242336
Current Operator: OASIS PETROLEUM NORTH AMERICA LLC
Current Well Name: CEYNAR 5298 44-32 12T
Elevation(s): 2184 KB   2159 GR   2162 GL     Total Depth: 21309     Field: BANKS
Spud Date(s):  6/27/2017
Casing String(s):  13.375" 2260'   7" 11562'  
Completion Data
   Pool: BAKKEN     Status: SI     Date: 8/11/2017
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 129488     Cum MCF Gas: 279359     Cum Water: 196159
Monthly Production Data
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20183028804285183206872435678894066
BAKKEN10-20181912646124711505331312210329976
BAKKEN9-201830265622675934453537613830514976
BAKKEN8-201831217352161530161423562452617334
BAKKEN7-20183120593205693194540547331356916
BAKKEN6-20182914455144022554628696282320
BAKKEN5-2018154693469326933102529612400


NDIC File No: 32960     API No: 33-053-07743-00-00     CTB No: 232960
Well Type: OG     Well Status: NC     Status Date: 8/25/2017     Wellbore type: Horizontal
Location: SESE 32-152-98     Footages: 228 FSL 391 FEL     Latitude: 47.935299     Longitude: -103.242201
Current Operator: OASIS PETROLEUM NORTH AMERICA LLC
Current Well Name: CEYNAR 5298 44-32 13B
Elevation(s): 2184 KB   2159 GR   2166 GL     Total Depth: 21170     Field: BANKS
Spud Date(s):  6/22/2017
Casing String(s):  13.375" 2248'   7" 11518'  
Completion Data
   Pool: BAKKEN     Status: SI     Date: 8/25/2017
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 196583     Cum MCF Gas: 416552     Cum Water: 171198
Monthly Production Data
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20183025886259022140057753532074066
BAKKEN10-20183131578311442633462189616930
BAKKEN9-201830328523319121499657715062014671
BAKKEN8-201831373613714528814730094788124632
BAKKEN7-20183132781327522694172566720700
BAKKEN6-201830252802518625122597254829310952
BAKKEN5-2018151084510845210882553924899400



NDIC File No: 32959     API No: 33-053-07742-00-00     CTB No: 232958
Well Type: OG     Well Status: NC     Status Date: 9/7/2017     Wellbore type: Horizontal
Location: SESE 32-152-98     Footages: 228 FSL 358 FEL     Latitude: 47.935299     Longitude: -103.242067
Current Operator: OASIS PETROLEUM NORTH AMERICA LLC
Current Well Name: CEYNAR 5298 44-32 14TX
Elevation(s): 2184 KB   2159 GR   2170 GL     Total Depth: 21191     Field: BANKS
Spud Date(s):  6/24/2017
Casing String(s):  13.375" 2262'   7" 11652'  
Completion Data
   Pool: BAKKEN     Status: SI     Date: 9/7/2017
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 137386     Cum MCF Gas: 311431     Cum Water: 275951
Monthly Production Data
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-201822127391276620974422051211129742
BAKKEN10-20183120562203203388439636369072233
BAKKEN9-201830188191886636194398462488114485
BAKKEN8-20183124366243404414050182404079279
BAKKEN7-20183117222172013795438434366341304
BAKKEN6-20182919967199673804846065420423559
BAKKEN5-20183123534236115701654367519571914
BAKKEN4-2018117710077416966800


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CLR's Jersey Wells In Alkali Creek Have Been Updated -- February 2, 2019

The CLR Jersey wells in Alkali Creek have been updated.

Look at this well:
  • 27881, 3,105, CLR, Jersey 19-6H1, Alkali Creek, Three Forks 1, 74 stages; 13.3 million lbs, t6/18; cum 187K 12/18;
Production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-201831222072199027896499452278225892
BAKKEN11-2018302320023094239904030738801270
BAKKEN10-201831229732309626839456482673117728
BAKKEN9-20183023293232553292846757392806286
BAKKEN8-20182420955216672669635180313332699
BAKKEN7-201831383083803446218698643880629267
BAKKEN6-201825327533152746966640322071141795
BAKKEN5-20187371937193507374203742

Why is this well important?
  • the permit is an old, old permit; finally drilled/completed
  • it's a Three Forks first bench well
  • 187K in seven months
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Where In The World Is Amad? -- February 2, 2019

Position received January 31, 2019.

****************************
The Katie Ledecky Page

We last spotted an article on Katie Ledecky on January 5, 2019.

Since then:

The linked article continues:
Ledecky won the night’s first event, taking the women’s 200m free title in 1 minute, 55.78 seconds ahead of teammate and fellow Olympic champion Simone Manuel (Sugar Land, Texas/Alto Swim Club/First Colony), who touched second in 1:58.52.
Ledecky, the defending women’s TYR Pro Swim Series champion, followed just over an hour later with the 400m IM victory in 4:39.39 after overtaking fellow Olympian Hali Flickinger (Spring Grove, PA/Athens Bulldog Swim Club) with 35 meters to go.
Flickinger finished in 4:39.80 for second.
As noted earlier,  I now follow Katie Ledecky on twitter.

*********************************
PGA Controversy

Something tells me this story has legs: https://www.golfdigest.com/story/webcom-tour-championship-winner-latest-victim-of-two-stroke-penalty-for-having-his-caddie-line-him-up.

PGA officials are looking at an earlier incident, same rule violation, involving Justin Thomas, the tournament leader earlier in the week. Justin Thomas is a big, big name on the circuit right now. It will be interesting how the PGA handles this one.

On another note, Ricky Fowler is doing very, very well. I hope he wins. 

And, as long as I'm rambling: we're all going to miss Johnny Miller very, very much. Wow, he is good.
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Bakken 101 -- Bakken 2.5 -- February 2, 2019

Folks may want to archive this SeekingAlpha article and come back to it in ten years. Archived.

I don't have time to go into it now, but this well "proves my point":
  • 17089, 400, CLR, Bridger 44-14H, t4/08; cum 358K 12/18; and then back on confidential; re-fracked 4/17;
Recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-2018315953592382642312722419296
BAKKEN11-20183099969821142812095520175400
BAKKEN10-20182951075328118021391412690850
BAKKEN9-201830759575291399722884224820
BAKKEN8-201829800879091097822217218860
BAKKEN7-2018311222412493155042914728302441
BAKKEN6-2018515211131210825721717811
BAKKEN5-20183013753139061350924607184026205
BAKKEN4-20182814426146121206120829193631466
BAKKEN3-2018261366513550129281980019415385
BAKKEN2-20182618304183621550025927259270
BAKKEN1-201823125071208797521322912402827
BAKKEN12-201717801886246968988098800
BAKKEN11-20173016622169011990719639196390
BAKKEN10-20173122673219041694124616227151901
BAKKEN9-20172718302184651558919122161962926
BAKKEN8-20173127510274882742728501217386763
BAKKEN7-20175210220478371178851093
BAKKEN6-2017151923013063170317
BAKKEN5-20170000000
BAKKEN4-20170000000
BAKKEN3-20170000000
BAKKEN2-20170000000
BAKKEN1-20170000000
BAKKEN12-20160000000
BAKKEN11-20160000000
BAKKEN10-20160000000
BAKKEN9-20160000000
BAKKEN8-20160000000
BAKKEN7-201663356448743366367
BAKKEN6-2016302106222060225321592373
BAKKEN5-201631231922316772778342744
BAKKEN4-2016302141202160525422472295
BAKKEN3-201631207620366672494162478
BAKKEN2-201626208522019352472342438
BAKKEN1-2016312849292210903370373333
BAKKEN12-201527260226781158306503065
BAKKEN11-20153321227823820382
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Hess: 4Q18

Hess earnings, 4Q18, as it pertains to the Bakken and earnings in general:
  • Earnings
    • 4Q18: net loss, $4 million or 5 cents/share
    • 4Q17: net los of $2,677 million -- or $2.677 billion, or $8.57/share
  • adjusted net loss
    • 4Q18: $77 million; 31 cents/share
    • 4Q17: $304 million, $1.01/share
  • production, crude oil/natural gas, average:
    • Libya: 267K boepd
    • Bakken: 126K boepd, p 15% from 110,000 boepd one year ago
Expectations:
  • non-GAAP EPS of -31 cents beats by 6 cents; GAAP EPS of 5 cents (I assume that's a minus five cents) beats by 38 cents
  • Hess +0.4% pre-market after beating Wall Street estimates for Q4 earnings and revenues, driven by higher output in the Bakken shale region and off the U.S. Gulf of Mexico
  • Hess says total Q4 production fell 5.3% Y/Y to 267K boe/day from 282K boe/day in the year-ago quarter, but Bakken net production totaled 126K boe/day, up 15% Y/Y from 110K boe/day.
  • the company forecasts FY 2019 output of 270K-280K boe/day vs. 2018 net production, excluding Libya and assets sold, of 248K boe/day, with 2019 E&P capital and exploratory expenditures seen at $2.9 billion
  • Hess says its average realized selling price, excluding hedging, rose to $58.11/bbl in the quarter from $57.32/bbl a year earlier
  • oil and gas proved reserves at year-end 2018 totaled 1.19 billion boe vs. 1.15 billion boe at year-end 2017
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Phil Predicts An Early Spring! -- 2019


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Week 5: January 27, 2019 -- February 2, 2019

Top story of the week: without question -- the economic news
Top non-story of the week: as cold as it was, the "polar vortex" mostly set new "cold" records, but not much else; NoDaks have experienced this for generations, keeping the riff-raff out;

Top North Dakota energy story
  • Judge rejects with prejudice yet another appeal to stop the Davis refinery 
Geoff Simon's top North Dakota energy stories
  • North Dakota senate kills extraction tax increase (the bill was sponsored by an eastern democrat, surprise, surprise)
  • North Dakota senate rejects infrastructure bill tapping Legacy funds (sponsored by a Republican from Minot; I have mixed feelings on this one; the worst part: another 9-member board would be formed)
  • the Williston area public school stories
Operations
The Bruin Fort Berthold wells are monsters; here; here; here;
Update on record-IP wells;
MRO may have a record well in the Bakken;
Enerplus getting ready to frack its "lizard" pad
Ms CHSU 22D, #16123, a South Red River well, goes over the one-million-bbl mark
Happy Birthday, Mr Greni, 46 years old and going strong
An old, old 2-million-bbl Madison well with a jump in production
Petro-Hunt with a million-bbl well drilled 35 years ago
Bakken well drilled in 2011 closing in on one million bbls

Refineries
Update on the Davis refinery; and, here;

Bakken economy
Williams County PSD #8 moving forward on Missouri Ridge School
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Off The Net In A Few Minutes -- February 2, 2019

Some random comments before I go.

The Bakken: the wells in the Bakken are getting better and better. It's quite phenomenal.
  • the bad news: we're in the manufacturing stage; about the only thing we're seeing is in-fill wells; that means things are coming to an end in the Bakken
  • the good news: the NDIC estimates anywhere from 20 to 70 more years of drilling. Seventy more years of drilling. The last well drilled will produce for 35 years. At least one hundred more years of oil activity in the Williston Basin
  • more good news: the Tier 1 footprint in the Bakken/Three Forks is expanding
  • the bad news: we're still waiting for the new USGS survey of the middle Bakken / Three Forks first bench
  • the good news: "we" still haven't even touched the second or third bench of the Three Forks
  • more good news: it's very possible, the "heavy oil" formations in the Williston Basin will see a bit more activity now that US refineries along the gulf coast are scrambling for heavy oil
Echo dot/Alexa: incredible. I don't have "Kindle" yet but I'm tempted. Because of Echo Dot/Alexa, I now have Amazon Music -- another revenue stream for Jeff Bezos. I have had Amazon Prime (another revenue stream) which includes movies and television series (for "free") that will last me a lifetime. Everyone talks about the Apple "ecosystem." Amazon is beating Apple -- and this comes from Apple fanboy #3. If I had one thought on why this is occurring: Jeff Bezos releases products even before they get to the "beta" stage (some hyperbole here, but I'm trying to make a point) whereas Apple won't release anything until it's been vetted well beyond the "sell-by-date." Apple seems terrified of bad press. Best example: even Facebook/Mark Zuckerberg is "beating" Apple/Tim Cook. Everyone knows Facebook knows the privacy / social medial security worries are bogus.  Leonard Cohen wrote about the Apple/Facebook feud years ago.

Everyone Knows, Leonard Cohen

Firefox: maybe it's just me, but after the most recent upgrade, the Firefox browser seems much crisper; that makes no sense, but I'm really impressed with Firefox. Except for one site (where I use Safari) I only use Firefox.

Scott Adams: I no longer follow him on Twitter. His re-tweets were superb but he has fallen off the rails. I now follow Katie Ledecky instead of Scott Adams. Hopefully Katie will stay in her lane.

Virginia: the state. Fascinating to follow. Rush Limbaugh had fascinating insights on the entire issue. 

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Flashback: The Williston Refinery East Of Williston -- February 2, 2019

Comments

I think the best thing about "the original post" is the  human interest aspect.

I never met Hugh Routh. I wish I had. I would have enjoyed listening to his stories. Paraphrasing Stephen Hawking, "we all stand on the shoulders of great men and women." But here is another individual who came to remote, cold, desolate northwestern North Dakota and stayed for 33 years, even after retiring, did not want to leave his "home." Of the names mentioned in his obituary, I recognize a lot of the names but do not recall any personal anecdotes.

I did meet Bill Shemorry. I knew him as well as I knew anyone of his generation when I was in high school. He would not remember me, and he never had time for me. That's probably fortunate; had he taken me under his wing, I would probably be a photo-journalist struggling in some remote region of the world. But he was way too busy to mentor me. Wow, he was everywhere. Every Williston High School sports event; every Virgil Syverson "Band Day"; every political event; every civic event; every significant oil story, and even some not so significantly. One of his most famous oil rig photographs was on the cover of the Williston telephone directory some years ago. I had a copy of that directory for years; don't know if it's still in storage or not. I'm sure the photo is available in his collection. I always admired Bill Shemorry (from a distance). Willistonites are incredibly fortunate he captured the early history of Williston. It's almost as if he knew that Williston was destined for fame and notoriety. As I'm rambling...I have to look him up in my books on the history of North Dakota ... something tells me I will find more than a few mentions of his name.

The Original Post 

Just for the fun of it, let's see if we can find anything on the Flying J Refinery, Williston, ND.

Fact sheet.
  • 42 acres
  • built in the early 1950s
  • refining activities have been shut down since 1984
  • commercial product storage activities ceased in 1986
  • in 2004, Flying J initiated landfarming; risk-based concentrations were established for contaminated soils; served as cleanup goals; after two seasons of landfarming, all concentrations were between or below the RBCs. Based on those results, in-situ landfarming had met its cleanup goal and is considered complete
Shemorry photograph, this would be from the north, looking to the south, toward the river:



My hunch is that the "Muddy River boys" explored the Missouri River marsh seen in the photograph above.


I was given a soft cover copy of this book as a gift -- from a reader of the blog. A huge "thank you." Given to me some years ago. It looks like it may be out of print but available electronically.


Hugh Routh:


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Great Essay On The Davis Refinery Near Dickinson, ND -- At The Oilman Magazine -- February 2, 2019

700 acres of land. Compare that to the Williston refinery -- which was fairly substantial for Williston back in the 1950s -- on only 42 acres of land. 

Link here.
For years, the Bakken has been known to be a major oil and gas hub and it is the third largest U.S. shale oil field, behind the Permian Basin and Eagle Ford, in Texas. Primarily located in North Dakota, it also runs through Montana and two Canadian provinces – Manitoba and Saskatchewan....
The advantageous Bakken location was not lost on Meridian Energy Group, Inc., a leading developer of innovative advanced technology and environmentally‐compliant oil refining facilities, as they are currently in the process of building a state‐of‐the‐art crude oil refinery on over 700 acres of land (actual refinery footprint is about 150 acres) near Belfield, North Dakota – the heart of the Bakken. The Davis Refinery will be located close to oil and gas pipelines and major transportation highways. The Burlington Northern Santa Fe rail line runs directly through the refinery site, facilitating the construction of a crude oil feedstock offloading and refined fuels uploading terminal. Its location is strategic, placing it with direct access to major transportation infrastructure.
Archived.
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The Six-Well Bruin Fort Berthold Pad, NENE 26-151-94

For the six-well pad to the west of this three-well pad, see this post.

The graphic:

The wells:
  • 30541, 4,871, Bruin, Fort Berthold 151-94-26A-35-4H, Antelope-Sanish, t6/18; cum 374K 12/18; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH12-201824241102440516587514312843518516
SANISH11-20182214137142131292422550967610733
SANISH10-201831436914382230933650252755932588
SANISH9-20183052975530445615060629460675677
SANISH8-201831725167240863718906714548039524
SANISH7-201831638006364674543906084289342889
SANISH6-201830953159595967134672113723225562
SANISH5-20181577996657261691392175723178
  • 30542, 2,010, Bruin, Fort Berthold 151-94-26A-35-5H, Antelope-Sanish, t6/18; cum 105K 12/18; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH12-2018311585216113236772053086717700
SANISH11-2018301564515624229301458972845815
SANISH10-2018311782317851430081950484299567
SANISH9-2018149892955329770789052131593
SANISH8-20181814633146783432020524862410680
SANISH7-2018311422614184577051989593199645
SANISH6-201825170731707045534347112002212895
SANISH5-2018211211263657284900
  • 30543, 2,837, Bruin, Fort Berthold 151-94-26A-35-7H, Antelope-Sanish, t6/18; cum 70K 12/18; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH12-201831236212406616948369301558812964
SANISH11-201830232132319719911348031744713848
SANISH10-201828262912619724211352841412518800
SANISH9-20181514907148412467615488110252704
SANISH8-201831327663282967328449542298519163
SANISH7-201831531875308281509759613442337497
SANISH6-201830447234440350258670783904924725
  • 30544, 1,129, Bruin, Fort Berthold 151-94-26A-35-7H, Antelope-Sanish, t6/18; cum 70K 12/18; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH12-2018311552615796259151872279206101
SANISH11-20182997349572257801307155866223
SANISH10-2018311468814770444811461363597142
SANISH9-201814339431641676627371767624
SANISH8-201821164316431189821358621149
SANISH7-201829820583121305831934590279304
SANISH6-201822162341612787974289941668410925
SANISH5-2018231931982343842690
  • 30545, 2,070, Bruin, Fort Berthold 151-94-26A-35-9H, Antelope-Sanish, t6/18; cum 204K 12/18; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH12-201831201492057919703358601532612558
SANISH11-201830243642441923303383621927015216
SANISH10-201827335883301933854473781836225903
SANISH9-20181911732121494409814054110371291
SANISH8-2018314711047185107521649823124429734
SANISH7-2018313105630719158260450732059121949
SANISH6-2018303252232855132480550363146420834
SANISH5-201873430294242996170312670
SANISH4-20180000000
  • 30546, 661, Bruin, Fort Berthold 151-94-26A-35-9H, Antelope-Sanish, t7/18; cum 52K 12/18; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH12-20183170557082292281216553094321
SANISH11-2018291173312029344821526572026540
SANISH10-20182717321169475041419479771010480
SANISH9-20180000000
SANISH8-2018103583366535455871635064771
SANISH7-2018241038010298835561683769658957
SANISH6-201812176717672720529531893899
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