Sunday, February 3, 2019
Nothing About The Bakken -- February 3, 2019
The Way We Were: the movie I love. The movie I cannot watch. 1973. Robert Redford. Barbra Streisand. Was it not the best? And it's playing on TCM right now. Opposite the PGA tournament, TPC Scottsdale. Lead-in to the Super Bowl. What's not to like. Even though I can't watch that movie any more, it's on on my "top shelf" list. It's of the same "mold" as Dr Zhivago and Lawrence of Arabia. Favorite movies, top ten movies, that I cannot watch many of them any more. I'm not sure "why" I can still watch Casablanca and Tinker, Tailor, Soldier, Spy.
PGA: Paul Azinger replaces Johnny Miller as NBC color for PGA tournaments. Can one say "color" any more?
Fantastic Voyage: on TCM last night. I had never seen the movie before. If I have, I've forgotten. Released in 1966. Probably got to Williston, ND, in 1969. LOL. Raquel Welch? Yawn. I recognized Donald Pleasence but couldn't place him. Finally, I did. Columbo: Any Old Sport in a Storm. Coincidence. Also came out in 1973.
Marie Kondō: the family has a graphic novel -- along the lines of The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing, Marie Kondō, c. 2014. I read some of it the other day while waiting to take Sophia to school. She calls it school, but in fact its pre-pre-K. And she loves it. But I digress. I learned enough in a few pages, to throw out two boxes of clothes/odd-and-ends in storage and I completely emptied one drawer in my four-drawer chest of drawers. I have only one chest of drawers so I decluttered 25%.
Christmas gifts: family members got me any number of bicycle accessories this year. They do that every year. I often put these accessories aside where they end up cluttering the floor, a drawer, a shelf. Today, I put all the accessories on the bikes. I have several bikes so plenty of places to put all the accessories. Some accessories have instructions. I use to save those, file the away. No longer. i-photograph them and file them inside the virtual bicycle folder on the virtual desktop.
Amazon. Lives up to its name. From wiki:
AMZN: wow, I wish Jeff Bezos/Amazon would do what Warren Buffett/Berkshire Hathaway did with BBK: A and B shares. AMZN, less than $350/share less than five years ago is now over $1,600/share.
Echo Dot/Alexa: incredible.
Spuds.
Sophia drew this in January, 2019. This was the first year she was ever on skis. She took two days of lessons at Angel Fire, and then skied with her dad and her two older sisters.
Months later she still knows how to ski ("french fries") and how to stop ("pizza").
The other day on her bicycle, when I was teaching her to brake, I asked her how she "braked" when she skied? Her answer: "pizza."
PGA: Paul Azinger replaces Johnny Miller as NBC color for PGA tournaments. Can one say "color" any more?
Fantastic Voyage: on TCM last night. I had never seen the movie before. If I have, I've forgotten. Released in 1966. Probably got to Williston, ND, in 1969. LOL. Raquel Welch? Yawn. I recognized Donald Pleasence but couldn't place him. Finally, I did. Columbo: Any Old Sport in a Storm. Coincidence. Also came out in 1973.
Marie Kondō: the family has a graphic novel -- along the lines of The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing, Marie Kondō, c. 2014. I read some of it the other day while waiting to take Sophia to school. She calls it school, but in fact its pre-pre-K. And she loves it. But I digress. I learned enough in a few pages, to throw out two boxes of clothes/odd-and-ends in storage and I completely emptied one drawer in my four-drawer chest of drawers. I have only one chest of drawers so I decluttered 25%.
Christmas gifts: family members got me any number of bicycle accessories this year. They do that every year. I often put these accessories aside where they end up cluttering the floor, a drawer, a shelf. Today, I put all the accessories on the bikes. I have several bikes so plenty of places to put all the accessories. Some accessories have instructions. I use to save those, file the away. No longer. i-photograph them and file them inside the virtual bicycle folder on the virtual desktop.
Amazon. Lives up to its name. From wiki:
In 1998, Jeff Bezos, founder, owner, and CEO of Amazon.com, struck a deal with Needham and other principal shareholders to buy IMDb outright for approximately $55 million[9] and attach it to Amazon as a subsidiary, private company.[10] This gave IMDb the ability to pay the shareholders salaries for their work, while Amazon.com would be able to use IMDb as an advertising resource for selling DVDs and videotapes.Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.
AMZN: wow, I wish Jeff Bezos/Amazon would do what Warren Buffett/Berkshire Hathaway did with BBK: A and B shares. AMZN, less than $350/share less than five years ago is now over $1,600/share.
Echo Dot/Alexa: incredible.
******************************
Skiing Downhill With Daddy
Spuds.
Sophia drew this in January, 2019. This was the first year she was ever on skis. She took two days of lessons at Angel Fire, and then skied with her dad and her two older sisters.
Months later she still knows how to ski ("french fries") and how to stop ("pizza").
The other day on her bicycle, when I was teaching her to brake, I asked her how she "braked" when she skied? Her answer: "pizza."
Too Many EVs? -- February 3, 2019
Updates
February 9, 2019: profit margins on EVs incredibly small; if it weren't for government mandates, auto manufacturers would not be making them.
Original Post
Over at oilprice: Are automakers overestimating EV demand?
Electric cars were the stars of the Detroit Auto Show this year and they have been garnering a lot of attention from the media generally amid increasingly urgent talk about climate change and how the world is failing in the fight against it. Every self-respecting automaker has at least one EV in the pipeline. The biggest ones have several. And all of these new EVs are scheduled to hit the market in the next few years. A pileup may be coming.
The pileup could be “of epic proportions” as AlixPartners warned in a study.
By the end of this year alone analysts expect almost a dozen new EVs to make their appearance in showrooms across the United States. Some of these will be direct competitors of Tesla, which currently boasts an impressive 83 percent of the U.S. battery electric car market.The other side of the coin: if you have a home, a 220-volt outlet in the garage, at least two other ICE vehicles, and are in the market for a new (additional) car this may be the year to consider an EV. Prices could plummet if millions of EVs come to the market, and American only "need" hundreds of thousands.
The “threat for Tesla” angle in EV reporting is a popular one and indeed a 83-percent market share is an unsustainable one in any industry. But with Tesla’s brand loyalty, concerns about the company’s future sales may be premature. What is not premature is a worry about that pileup AlixPartners warned about.
The world’s biggest carmakers are pouring billions into electric vehicles motivated by government incentives and strategies envisaging the phasing out of ICE vehicles in some markets. From the pro-EV perspective, the time is just right to launch as many electric cars as one can design and manufacture. All the big carmakers have developed EV manufacturing platforms and are preparing to put them to good use. Millions of EVs are coming to the market. There is just one problem with that: actual sales statistics.
Total number of EVs sold in the US in 2018: 360,000.
Worldwide: 2 million.
Epping Wells Have Been Updated -- February 3, 2019
I've been updating the Epping oil field wells but I still have a lot of work to do on this field.
This is an interesting field. It seemed to have started out "slow" but it's becoming an incredible field.
For example: look at these incredible Kraken wells.
I've mentioned this before on the blog: it's my hunch that operators often under-promise what a field might offer. Call it the "Disneyland effect." The operators have to thread the needle. They need to "talk up" their assets to generate investor interest, but they are watched closely by the SEC. On the other hand, they don't want to get too far in front of their headlights and drive up lease rates and acquisition costs.
But if one remembers, one of the first CBR terminals in the Bakken was in the Epping oil field. That should have been a big hint.
Even more interesting for me: during the Bakken boom I drove my dad out to Epping numerous times; the field never seemed particularly active. My hunch is that the field is very, very active right now.
It reminds me a little bit of Bailey oil field, although Bailey at 160+ sections is much, much bigger than the 30+ section Epping oil field.
So, give me a few days, and I will get the Epping oil field completed.
This is an interesting field. It seemed to have started out "slow" but it's becoming an incredible field.
For example: look at these incredible Kraken wells.
I've mentioned this before on the blog: it's my hunch that operators often under-promise what a field might offer. Call it the "Disneyland effect." The operators have to thread the needle. They need to "talk up" their assets to generate investor interest, but they are watched closely by the SEC. On the other hand, they don't want to get too far in front of their headlights and drive up lease rates and acquisition costs.
But if one remembers, one of the first CBR terminals in the Bakken was in the Epping oil field. That should have been a big hint.
Even more interesting for me: during the Bakken boom I drove my dad out to Epping numerous times; the field never seemed particularly active. My hunch is that the field is very, very active right now.
It reminds me a little bit of Bailey oil field, although Bailey at 160+ sections is much, much bigger than the 30+ section Epping oil field.
So, give me a few days, and I will get the Epping oil field completed.
MRO Re-Fracking Program In The Bailey Oil Field -- February 3, 2019
Update
June 18, 2019: the group of wells in the original post that were taken off line are now all back on line with the exception of a couple or so:
- 30550, 4,516, MRO, Brush ..., Bailey, t9/17; cum 283K 4/20; no jump in production;
- 29384, 1,931, MRO, Ulmer ..., Bailey, t1/16; cum 208K 4/20; no jump in production;
- 29383, 1,975, MRO, Wilhelm ..., Bailey, t1/16; cum 182K 2/20; no jump in production; off line 2/20; remains off line 4/20;
- 29382, 1,100, MRO, Ringer ..., Bailey, t2/16; cum 172K 4/20; no jump in production;
- 29381, 2,449, MRO, Trinity ..., Bailey, t2/16; cum 289K 4/20; no jump in production;
- 28704, 1,072, MRO, Greider ..., Bailey, t3/15; cum 129K 4/20; back on line 7/19 after being off line for one year; definite improvement continues through 4/20;
- 28459, 2,350, MRO, Otto ..., Bailey, t11/14; cum 297K 4/20; no jump in production;
- 28360, 1,118, MRO, May ..., Bailey, t12/14; cum 204K 4/20; no jump in production;
- 28358, 1,816, MRO, Reidun ..., Bailey, t12/14; cum 211K 2/20; off line 2/20; remains off line 4/20;
- 28111, 1,675, MRO, Susana ..., Bailey, t11/14; cum 201K 4/20; no jump in production;
- 25114, 2,417, MRO, Patrick ..., Bailey, t8/13; cum 250K 4/20; back on line 6/19; maintains production, 4/20;
- 24973, 2,437, MRO, Brigner ..., Bailey, t7/13; cum 244K 4/20; just came back on line for 5 days 4/19; remains off line 4/20;
- 24075, 1,371, MRO, Hansen Ranch ..., Bailey, t4/13; cum 178K 4/20; back on line 6/19;
- 23980, 576, MRO, Klay Carlson ..., Bailey, t6/13; cum 161K 4/20; back on line 4/20;
- 22658, 1,324, MRO, Lee Christensen ... Bailey, 9/12; cum 297K 4/20; back on line 4/19;
- 22451, IA/1,504, MRO, Curtis Kerr ...., Bailey, t3/13; cum 245K 1/20; off line 1/20;
- 22333. See this post.
Original Post
Interesting, interesting things going on with MRO in the Bailey oil field.
I've just updated all the Bailey oil field wells through 2015. Absolutely amazing.
For newbies:
- MRO has a huge re-frack program going on in the Bailey oil field. It's been going on for quite some time
- Bailey oil field and MRO: some great wells but the real story is the re-fracks
- to drill/complete a well on a new pad, greenfield, in the Bakken: in excess of $10 million
- to drill/complete a new well on an existing pad, in the Bakken: $6 million, maybe more
- to re-frack an old well: $4 million, maybe less;
- MRO often uses a mediocre amount of proppant in a re-frack;
- re-fracking a new well in the Bakken: 90%+ chance that it will successful;
- re-fracking: pretty much results in a new well;
- re-fracking: impact on neighboring wells varies from field to field
- 30550.
- 29384.
- 29383.
- 29382.
- 29381.
- 28704.
- 28459.
- 28360.
- 28358.
- 28111.
- 25114.
- 24973.
- 24075.
- 23980.
- 22658.
- 22451.
- 22333. See this post.
Another Example Of What The SeekingAlpha Crowd Is Missing -- Not Just In The Bakken But Everywhere -- February 3, 2019
Comments/Updates
Comments that came in later, for newbies:
- for minimal cost, MRO seems to have gotten a brand new well
- MRO was pretty much guaranteed a brand new well -- something we never saw before the "unconventional" drilling / "the shale revolution"
- the company did not have to pay upfront costs for a new lease; did not have to negotiate with the surface owner; is not paying additional surface "rent"; did not have to build a new pad; did not have to pay for new infrastructure, including new electricity access (a big choke point during the boom);
- every well drilled before 2016 is a candidate for a re-frack
- by the time every well drilled before 2016 is re-fracked, it will be time to re-frack all the wells drilled between 2016 and 2022
- when the Bakken boom began, primary production was estimated to be 1 - 3%
- no one is talking but tea leaves suggest primary production in the Bakken is now in the low teens
- conventional drilling, primary production, 50%?
- can't wait to see EUR-type curves coming out of the Bakken in 2025
Original Post
Art Berman, put #17255 in your pipe and smoke it.
First this well:
- 17255, 465/1,799, MRO, Pelton 24-31H, Bailey, t9/08 and 4/17;
- from the sundry form, dated March 1, 2017: MRO is planning to refrack this well. Originally an open hole completion in 2008 and drilled with toe setbacks that were 500' FNL of section 30. This well had an original TD depth of 19,932' MD. MRO plans to put a rig on this well, extend the lateral starting at a tie-on survey at approximately 19,885' MD,and drill an approximate additional 450' of lateral (extending lateral to approximately 160' FNL of section 30). MRO will then run a cemented liner for a 45-stage plug and perf style completion.
- second frack: 45 stages; 5.2 million lbs; cum 502K 4/29; full production profile here; recent production data. :
BAKKEN | 9-2017 | 30 | 16370 | 16300 | 12276 | 12112 | 4158 | 6024 |
BAKKEN | 8-2017 | 31 | 20279 | 20304 | 16384 | 14979 | 5244 | 7381 |
BAKKEN | 7-2017 | 31 | 25626 | 25591 | 25477 | 18929 | 1475 | 14540 |
BAKKEN | 6-2017 | 24 | 18177 | 18187 | 19613 | 13250 | 3910 | 7265 |
BAKKEN | 5-2017 | 31 | 23337 | 23366 | 28948 | 17072 | 10811 | 3582 |
BAKKEN | 4-2017 | 7 | 8727 | 8599 | 215 | 6256 | 1976 | 3308 |
BAKKEN | 3-2017 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 2-2017 | 8 | 202 | 184 | 40 | 163 | 93 | 4 |
BAKKEN | 1-2017 | 31 | 896 | 875 | 207 | 688 | 317 | 96 |
BAKKEN | 12-2016 | 29 | 771 | 756 | 187 | 608 | 347 | 11 |
BAKKEN | 11-2016 | 30 | 834 | 865 | 192 | 643 | 365 | 9 |
BAKKEN | 10-2016 | 31 | 863 | 842 | 206 | 681 | 402 | 1 |
Now we have another nice MRO in that very same drilling unit that has come off-line:
- 22333, IA/1,086, MRO, RH 34-31TFH, t9/12; cum 190K 4/20; off-line 5/18; back on line 5/19;
NDIC File No: 22333 API No: 33-025-01608-00-00 CTB No: 222332
Well Type: OG Well Status: IA Status Date: 8/15/2018 Wellbore type: Horizontal Location: SWSE 31-146-93 Footages: 293 FSL 2321 FEL Latitude: 47.416327 Longitude: -102.576085 Current Operator: MARATHON OIL COMPANY Current Well Name: RH 34-31TFH Elevation(s): 2290 KB 2265 GR 2265 GL Total Depth: 20492 Field: BAILEY Spud Date(s): 6/1/2012 Casing String(s): 9.625" 2091' 7" 10939' Completion Data Pool: BAKKEN Perfs: 11275-20492 Comp: 9/6/2012 Status: AL Date: 12/21/2012 Spacing: 2SEC Cumulative Production Data Pool: BAKKEN Cum Oil: 171158 Cum MCF Gas: 120288 Cum Water: 154425 Production Test Data IP Test Date: 9/6/2012 Pool: BAKKEN IP Oil: 1086 IP MCF: 882 IP Water: 1597 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Monthly Production Data
|
Ranting And Raving On A Sunday Morning -- And Then I'm Going Off Line To Read -- Good Luck To All -- February 3, 2019
From iceagenow:
NOTE: the graphic is from PJM.
For the millennials who may not be able to read a pie graph (or even know what a pie graph is):
Transferring $100 billion from OECD to a couple of islands in the South Pacific, administered by a committee in South Korea, tells me:
Fact check:
Google, in this case, is unhelpful. Google searches on AGW will simply take you to religious arguments: one either "believes" in AGW or one doesn't "believe" in AGW. When it comes to AGW, I am not agnostic. I am an atheist.
In this case, it's all about "following the money."
As one example this story is all over the AGW blogosphere, but won't be reported in the mainstream media. Just as the mainstream sports media won't report on how the PGA ruled on Justin Thomas' infraction yesterday (but that's another story).
This is not some low-level worker-bee. This is the head of the UK global warming climate scheme/scam:
How much has Algore made on this scam?
See comments below to explain why this screenshot is posted here:
Genius: The Life and Science of Richard Feynman, James Gleick, c. 1992.
NOTE: the graphic is from PJM.
For the millennials who may not be able to read a pie graph (or even know what a pie graph is):
- coal: 33%
- natural gas: 33%
- nuclear energy (much of which will be going away in the out years): 27%
- subtotal: 93%
- multiple fuels, which I assume include heating oil, diesel, fuel oil: 4%
- subtotal: 97%
- I can't make out solar or wind on the pie graph
Transferring $100 billion from OECD to a couple of islands in the South Pacific, administered by a committee in South Korea, tells me:
- this whole thing is a scam; and,
- this $100 billion won't do anything to combat AGW (which doesn't exist anyway)
Fact check:
- there were not exactly 1,500 private jets flying into Davos
- not all private jets carried only one or two passengers; some carried more
- not all private jets were owned by billionaires; some were leased; and some of the "billionaires" were only multi-millionaires
- “Nobody ever lost a dollar by underestimating the taste of the American public.”
Google, in this case, is unhelpful. Google searches on AGW will simply take you to religious arguments: one either "believes" in AGW or one doesn't "believe" in AGW. When it comes to AGW, I am not agnostic. I am an atheist.
In this case, it's all about "following the money."
As one example this story is all over the AGW blogosphere, but won't be reported in the mainstream media. Just as the mainstream sports media won't report on how the PGA ruled on Justin Thomas' infraction yesterday (but that's another story).
This is not some low-level worker-bee. This is the head of the UK global warming climate scheme/scam:
How much has Algore made on this scam?
See comments below to explain why this screenshot is posted here:
***************************
The Book Page
Genius: The Life and Science of Richard Feynman, James Gleick, c. 1992.
Labels:
Commentary_2019,
GlobalWarming,
GlobalWarming_2018_2019,
PJM
Random Look At Three Equinor Wells In Painted Woods -- February 3, 2019
Random look at two Equinor wells in Painted Woods, a Tier 2 location. These wells have not been re-fracked but they seem to show a bit of renewed life since the original frack:
#24478:
#24476:
The graphic:
What about that even older well in the graphic?
By the way, from the most recent sundry form dated October 4, 2018, another example of the "good neighbor" policy:
The last work-over of this well appears to have been in early March, 2012.
- 24478, 1,562, Equinor/Statoil, M. Olson 20-29 4H, t8/14; cum 187K 12/18; see #24476;
- 24476, 1,890, Equinor/Statoil, M. Olson 20-29 6H, t7/14; cum 188K 12/18; this well was not re-fracked but it shows some "renewed life"; see #24478;
- back when these wells were being planned/designed, my hunch is that the publicly stated EUR was in the range of 350K
- these wells probably paid for themselves by 150K
- these wells will produce for 35 years
#24478:
BAKKEN | 7-2018 | 28 | 1942 | 1874 | 4439 | 1625 | 1099 | 418 |
BAKKEN | 6-2018 | 30 | 2158 | 2138 | 4662 | 1844 | 1281 | 443 |
BAKKEN | 5-2018 | 26 | 1759 | 1793 | 4329 | 1276 | 800 | 352 |
BAKKEN | 4-2018 | 29 | 1777 | 1758 | 4338 | 1248 | 644 | 487 |
BAKKEN | 3-2018 | 31 | 2053 | 1999 | 4647 | 659 | 371 | 257 |
BAKKEN | 2-2018 | 28 | 1675 | 1691 | 4153 | 783 | 379 | 376 |
BAKKEN | 1-2018 | 31 | 2341 | 2454 | 4810 | 1291 | 808 | 452 |
BAKKEN | 12-2017 | 31 | 2568 | 2475 | 4920 | 1825 | 1105 | 689 |
BAKKEN | 11-2017 | 30 | 2830 | 2822 | 5302 | 2101 | 1365 | 706 |
BAKKEN | 10-2017 | 31 | 3063 | 3088 | 5952 | 2189 | 1371 | 787 |
BAKKEN | 9-2017 | 19 | 1325 | 1499 | 3490 | 815 | 540 | 258 |
BAKKEN | 8-2017 | 31 | 2874 | 2848 | 6128 | 2062 | 1737 | 294 |
BAKKEN | 7-2017 | 31 | 2399 | 2428 | 6216 | 1385 | 915 | 439 |
BAKKEN | 6-2017 | 30 | 2145 | 1797 | 6726 | 1230 | 860 | 340 |
BAKKEN | 5-2017 | 31 | 28 | 22 | 886 | 42 | 21 | 1 |
BAKKEN | 4-2017 | 0 | 0 | 526 | 0 | 118 | 100 | 10 |
BAKKEN | 3-2017 | 23 | 3713 | 3671 | 6380 | 3576 | 3541 | 35 |
BAKKEN | 2-2017 | 25 | 3270 | 3465 | 7623 | 2498 | 2482 | 16 |
#24476:
BAKKEN | 7-2018 | 31 | 2077 | 2007 | 4970 | 2591 | 1794 | 681 |
BAKKEN | 6-2018 | 30 | 2340 | 2358 | 5019 | 3045 | 2173 | 752 |
BAKKEN | 5-2018 | 31 | 2338 | 2391 | 5223 | 3012 | 2004 | 884 |
BAKKEN | 4-2018 | 30 | 2441 | 2443 | 5202 | 3024 | 1657 | 1250 |
BAKKEN | 3-2018 | 31 | 3124 | 3081 | 5736 | 5430 | 3194 | 2205 |
BAKKEN | 2-2018 | 28 | 3089 | 3024 | 5530 | 4412 | 2199 | 2185 |
BAKKEN | 1-2018 | 31 | 2747 | 2980 | 5359 | 3598 | 2293 | 1281 |
BAKKEN | 12-2017 | 31 | 4034 | 3860 | 6591 | 5134 | 3145 | 1958 |
BAKKEN | 11-2017 | 30 | 3944 | 3925 | 6690 | 4783 | 3132 | 1621 |
BAKKEN | 10-2017 | 31 | 4104 | 4012 | 7488 | 4820 | 3042 | 1747 |
BAKKEN | 9-2017 | 12 | 836 | 822 | 3328 | 862 | 575 | 276 |
BAKKEN | 8-2017 | 31 | 800 | 1108 | 3253 | 777 | 646 | 110 |
BAKKEN | 7-2017 | 31 | 2995 | 3136 | 7186 | 3480 | 2329 | 1120 |
BAKKEN | 6-2017 | 30 | 3315 | 3462 | 7552 | 3317 | 2355 | 932 |
BAKKEN | 5-2017 | 31 | 3065 | 3301 | 7296 | 1794 | 1654 | 120 |
BAKKEN | 4-2017 | 30 | 3297 | 2836 | 7157 | 1624 | 1468 | 149 |
BAKKEN | 3-2017 | 31 | 3309 | 3168 | 7919 | 1502 | 1487 | 15 |
BAKKEN | 2-2017 | 27 | 2213 | 2226 | 7839 | 356 | 354 | 2 |
The graphic:
What about that even older well in the graphic?
- 19389, 1,936, Equinor, M. Olson 20-29 1-H, API: 33-105-01923, Painted Woods, t12/10; cum 307K 12/18:
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 12-2018 | 31 | 2179 | 1859 | 3748 | 0 | 0 | 0 |
BAKKEN | 11-2018 | 22 | 745 | 718 | 2003 | 814 | 401 | 329 |
BAKKEN | 10-2018 | 31 | 1589 | 1441 | 2927 | 2010 | 1672 | 214 |
BAKKEN | 9-2018 | 30 | 1581 | 1561 | 2930 | 1926 | 1771 | 35 |
BAKKEN | 8-2018 | 31 | 1598 | 1798 | 2988 | 1931 | 1665 | 142 |
BAKKEN | 7-2018 | 29 | 1691 | 1376 | 2947 | 1928 | 857 | 955 |
BAKKEN | 6-2018 | 30 | 1744 | 1797 | 2890 | 2221 | 2093 | 8 |
BAKKEN | 5-2018 | 31 | 1943 | 2288 | 3027 | 2330 | 2160 | 46 |
BAKKEN | 4-2018 | 29 | 1909 | 1863 | 2953 | 1999 | 1830 | 52 |
BAKKEN | 3-2018 | 31 | 2102 | 1883 | 3360 | 2258 | 2220 | 7 |
BAKKEN | 2-2018 | 28 | 1945 | 1875 | 2970 | 1842 | 1767 | 47 |
BAKKEN | 1-2018 | 31 | 2227 | 2577 | 3280 | 1329 | 1239 | 61 |
BAKKEN | 12-2017 | 19 | 1363 | 1390 | 2034 | 780 | 757 | 4 |
BAKKEN | 11-2017 | 30 | 2319 | 2079 | 3160 | 2157 | 2095 | 33 |
BAKKEN | 10-2017 | 31 | 2443 | 2733 | 3247 | 2140 | 2109 | 0 |
BAKKEN | 9-2017 | 27 | 1869 | 1364 | 2833 | 1264 | 1234 | 3 |
By the way, from the most recent sundry form dated October 4, 2018, another example of the "good neighbor" policy:
"Land owner (Brad Olson) is having issues with the site drainage at the M Olson which is causing some erosion problems in his field. Equinor Energy LP is relocating the site drain as shown in the attached image at his request. With the weather situation, Equinor has planned to do this work today (10/4/18). "
The last work-over of this well appears to have been in early March, 2012.
A Random Look At Some Of The Wells Coming Off The Confidential List This Next Week -- February 3, 2019
The full list of wells coming off the confidential list next week is posted here.
These are a few of the wells of interest coming off the confidential list next week.
Comments:
34615, conf, Oasis, Florence 5303 11-2 2B, Painted Woods:
33462, conf, CLR, Omlid 5-19H2, Elidah,
33726, conf, CLR, Norway 4-5H1, Fancy Buttes,
34200, conf, CLR, Norway 6-5H2, Fancy Buttes,
33293, conf, Liberty Resources, Waldon W 157-97-24-25-3MBH, Ray, a nice well;
34769, conf, Liberty Resources, Martin C 158-93-11-2-3MBH, Enget Lake, a nice well;
33020, conf, EOG, Fertile 84-0701H, Parshall,
33019, conf, EOG, Fertile 85-0701H, Parshall, a very nice well for a Fertile well;
33021, conf, EOG, Fertile 86-0701H, Parshall:
33374, conf, EOG, Liberty 45-1311H, Parshall, a nice well,
33373, conf, EOG, Liberty 44-1311H, Parshall, a nice well,
34271, conf, EOG, Liberty 114-1311H, Parshall, a nice well;
These are a few of the wells of interest coming off the confidential list next week.
Comments:
- when I first started blogging, I was not particularly impressed with the Painted Woods oil field, but Oasis reports a nice Painted Woods well; Painted Woods is tracked here, although it has not been updated in a long time; it will be interesting to compare the "old" Florence well (#19556) with the "new" Florence well; this certainly does not look like Tier 1, maybe not even Tier 2; from an earlier post: Oasis: added Painted Woods to core inventory in February, 2018; initial well results are outperforming company's expectations.
- when I first started blogging, Fancy Buttes oil field was never on my radar scope, but CLR is going to report some nice "Norway" wells out of Fancy Buttes
- in addition, the "new" Norway wells had a huge impact on an "old" Norway well (#19380)
- it's interesting to see EOG getting back into the Bakken; I don't think that could have been predicted; there was "no reason" to come back so soon -- they had "bigger" opportunities elsewhere (?) based on SeekingAkpha contributors; and everything they had in the Williston Basin was held by production; they weren't going to lose anything by not coming back to the Bakken
- overall, these wells are exponentially better than the same wells in the same field would have been ten years ago; in other words for a mineral owner, what's better? 40 bbls/month at $50/bbl or 20; bbls/month at $100/bbl; that's rhetorical, please don't reply; and, many of these wells are three to four times better than what they would have been ten years ago; those anxious to have "their" wells drilled might be happy some wells were delayed
- Liberty Resources: hope springs eternal
Date | Oil Runs | MCF Sold |
---|---|---|
11-2018 | 10765 | 994 |
10-2018 | 26327 | 26001 |
9-2018 | 30810 | 31892 |
8-2018 | 26992 | 3918 |
34615, conf, Oasis, Florence 5303 11-2 2B, Painted Woods:
Date | Oil Runs | MCF Sold |
---|---|---|
12-2018 | 42255 | 47047 |
11-2018 | 7562 | 11256 |
10-2018 | 6384 | 6430 |
8-2018 | 771 | 0 |
33462, conf, CLR, Omlid 5-19H2, Elidah,
Date | Oil Runs | MCF Sold |
---|---|---|
12-2018 | 13227 | 28151 |
8-2018 | 566 |
33726, conf, CLR, Norway 4-5H1, Fancy Buttes,
Date | Oil Runs | MCF Sold |
---|---|---|
12-2018 | 42255 | 47047 |
11-2018 | 7562 | 11256 |
10-2018 | 6384 | 6430 |
8-2018 | 771 | 0 |
34200, conf, CLR, Norway 6-5H2, Fancy Buttes,
Date | Oil Runs | MCF Sold |
---|---|---|
12-2018 | 41111 | 49728 |
11-2018 | 6710 | 10334 |
10-2018 | 5522 | 5786 |
8-2018 | 1550 | 0 |
33293, conf, Liberty Resources, Waldon W 157-97-24-25-3MBH, Ray, a nice well;
Date | Oil Runs | MCF Sold |
---|---|---|
12-2018 | 10228 | 19435 |
11-2018 | 11905 | 18452 |
10-2018 | 14112 | 20922 |
9-2018 | 12545 | 23477 |
8-2018 | 9662 | 1663 |
34769, conf, Liberty Resources, Martin C 158-93-11-2-3MBH, Enget Lake, a nice well;
Date | Oil Runs | MCF Sold |
---|---|---|
12-2018 | 10058 | 3954 |
11-2018 | 11623 | 0 |
10-2018 | 12857 | 0 |
9-2018 | 13908 | 0 |
8-2018 | 12393 | 0 |
33020, conf, EOG, Fertile 84-0701H, Parshall,
Date | Oil Runs | MCF Sold |
---|---|---|
11-2018 | 24548 | 8428 |
10-2018 | 23589 | 9860 |
9-2018 | 21130 | 8265 |
8-2018 | 11447 | 6393 |
33019, conf, EOG, Fertile 85-0701H, Parshall, a very nice well for a Fertile well;
Date | Oil Runs | MCF Sold |
---|---|---|
11-2018 | 24771 | 21639 |
10-2018 | 9363 | 7127 |
9-2018 | 20580 | 3710 |
8-2018 | 26502 | 12056 |
33021, conf, EOG, Fertile 86-0701H, Parshall:
Date | Oil Runs | MCF Sold |
---|---|---|
11-2018 | 18022 | 4923 |
10-2018 | 2168 | 266 |
9-2018 | 20659 | 6442 |
8-2018 | 29551 | 11449 |
33374, conf, EOG, Liberty 45-1311H, Parshall, a nice well,
Date | Oil Runs | MCF Sold |
---|---|---|
11-2018 | 15459 | 6812 |
10-2018 | 19637 | 762 |
9-2018 | 37002 | 10724 |
8-2018 | 28650 | 15410 |
33373, conf, EOG, Liberty 44-1311H, Parshall, a nice well,
Date | Oil Runs | MCF Sold |
---|---|---|
11-2018 | 18966 | 12860 |
10-2018 | 29141 | 25615 |
9-2018 | 39204 | 27685 |
8-2018 | 29012 | 16983 |
34271, conf, EOG, Liberty 114-1311H, Parshall, a nice well;
Date | Oil Runs | MCF Sold |
---|---|---|
11-2018 | 22945 | 18652 |
10-2018 | 31166 | 18587 |
9-2018 | 38418 | 22208 |
8-2018 | 24230 | 14215 |
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