The Million Dollar Way (The Bakken Oil Blog): 08/11/19

Sunday, August 11, 2019

The Gilfer Wells Southwest Of Epping Have Been Completed -- August 11, 2019

Link here.

Boogie Woogie, Honey Bee Trio

Equinor's Mark Wells East Of Williston Are Completed, Producing -- August 11, 2019

Equinor's Mark wells east of Williston have been completed and are now producing. Production updates here.

Update Of A Re-Entered Well To Target The Bakken, Billings County -- August 11, 2019

From October 12, 2018:

One re-completed well:

15167, North Range, Beta Race Federal 22-6, Ice Caves, located just across the McKenzie County line in Billings County; it is considered a direction well; total depth of 13,540 feet; the Bakken borehole was perforated from 10922 - 10890 utilizing 12 SPF guns. Birdbear and Bakken oil will not commingle; accomplished in October, 2018.

So, how did that work out?

Here's the production profile for the past few months:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	Vent/Flare
BAKKEN	6-2019	9	276	205	155	342	42
BAKKEN	5-2019	0	0	0	0	0	0
BIRDBEAR	5-2019	0	0	180	0	0	0
DUPEROW	5-2019	0	0	0	0	0	0
BAKKEN	4-2019	0	0	0	0	0	0
BIRDBEAR	4-2019	0	0	0	0	0	0
DUPEROW	4-2019	0	0	0	0	0	0
BAKKEN	3-2019	4	0	0	0	75	75
BIRDBEAR	3-2019	0	0	0	0	0	0
DUPEROW	3-2019	0	0	0	0	0	0
BAKKEN	2-2019	0	0	0	0	0	0
BIRDBEAR	2-2019	0	0	0	0	0	0
DUPEROW	2-2019	0	0	0	0	0	0
BAKKEN	1-2019	0	0	0	0	0	0
BIRDBEAR	1-2019	0	0	0	0	0	0
DUPEROW	1-2019	0	0	0	0	0	0
BAKKEN	12-2018	0	0	0	0	0	0
BIRDBEAR	12-2018	0	0	0	0	0	0

A bit dismal?

From a sundry form dated "6-12-19":

Proposed start date: June 18, 2019.
North Range Resources is proposing a slickwater fracture stimulation job for the Beta Race Federal 22-6. The job will be pumped by Cudd Energy Services utilizing 2,700 bbls slickwater with 83,000 pounds premium white 40/70 sand.

That may explain the Bakken production of 276 bbls of oil over nine days in June, 2019.

If I forget to come back to this one, remind me in a month or two.

The Petro-Hunt USA Wells In The Charlson Have Been Updated -- August 11, 2019

For those who like to see huge Bakken wells, the Petro-Hunt USA wells in the Charlson have been updated.

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Cotton-Eyed Joe, Dallas-Gangnam Style

Notes From All Over, Part 2 -- August 11, 2019

Break-even prices. This is from a WSJ article from late 2018. One would assume the numbers were based on data from 2Q18 and 3Q18. They wouldn't have the data from 4Q18 although I doubt there would have been much change. [See comments.]

From the linked article:

Estimates by consulting firm R.S. Energy Group peg break-evens excluding land costs and overhead at about $37 for the Permian Basin of West Texas and New Mexico, $42 for the Eagle Ford in South Texas and $47 for the Bakken in North Dakota.

But companies require much higher oil prices in order to come out ahead if more of those necessary expenses are taken into account, the consulting firm’s data show. All-inclusive break-evens are about $51 in the Permian, $57 in the Eagle Ford and $64 in the Bakken, according to R.S. Energy.

Next Shoe To Drop? -- August 11, 2019

From social media overnight:

Notes From All Over, Part 1 -- August 11, 2019

Wow, I'm in a great mood. After ten years or so of using the same remote control, we now have a new one. The old one was starting to act up. It worked but certain "keys" were becoming less responsive -- some days worse than others. About ten days ago, from Amazon, I ordered a new "universal remote control" with the word SPECTRUM emblazoned across the bottom. Since we have Spectrum (Time Warner), I figured it would work. There were half a dozen (or more) remote control gadgets available from which to choose. I figured: at $6.99 how could I go wrong? LOL.

The remote control arrived about two weeks ago. I did not open the package. The "old" remote control was sort of okay, and I did not want to be disappointed if the new gadget didn't work.

Finally, today, I put in the two double A batteries (the Japanese/Chinese included a pair) and tried it out.

It didn't work.

I pulled out the directions.

It now works.

And, wow, it's fast, smooth, responsive. Awesome.

Flipping back and forth:

TCM, "The Big Sleep"
PGA, boring
NASCAR, just getting started

What a great country. I assume if I called Spectrum/Time Warner for a new remote control, it would have taken a half hour to get through the "telephone menu" and find someone who could help me, and then the gadget would cost $25 or rented ad nauseum at $2.50/month for years.

Oh, why not?

Debt watch: Chase zeroes out all credit card debt for all Canadian accounts. No questions asked. Google it if you want to find the story. No link; story everywhere.

National Grid To "Curb Returns To Investors" -- August 11, 2019

Updates

August 16, 2019: lies, lies, and more lies.

Original Post

Link here. To get past the paywall, google: financial times can national grid transition to renewable energy.

But for National Grid, the joke was a reminder that the worst blackout since 2003 came as it faces uncomfortable questions about its monopoly in running a fast-changing electricity system that is moving towards cleaner-burning fuels.

The opposition Labour party has called for the company, which was privatised almost 30 years ago, to be brought back under state control.

The regulator, Ofgem, has vowed to curb its returns to investors. The company is navigating the government’s highly ambitious overhaul of the country’s energy supplies, which involves dramatically increasing the amount of wind and solar on the grid.

Memo to investors: move on.

I provided a solution to this problem some days ago. This is not rocket science.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, career, or relationship decisions based on what you read here or think you may have read here.

Why I Love To Blog -- Reason #1 -- Feedback From Readers -- August 11, 2019

It's hard to believe but I had a great post on PBR almost ten years ago, July 20, 2010:

In addition to being number four in production of oil in the continental United States, number one in dry edible beans, and number one in honey production, North Dakota can now add another first: first in broncing bulls.

Up until this year the number one contractor for rodeo bulls came from Oklahoma or Texas. The best bulls in the world now come from North Dakota.

This year (2010_ PBR Professional Bull Riders Stock was named Contractor of the Year. PBR is located seven miles south of Mandan, ND. Look for the dust raised by stomping bulls.

Chad Berger:

Chad Berger's ride to the top was meteoric and took only a bit longer than a ride on one of his bulls.

In 2003, Berger, a longtime professional cattle buyer, started building his own string of bulls that now numbers about 200 head, including Professional Bull Riders association stars Big Tex and Code Blue.

So, now, fast forward to earlier this summer, from The Bismarck Tribune:

The Mandan-based, eight-time PBR Stock Contractor of the Year – including the last five in a row – is primed for No. 9 with another loaded pen of behemoths in 2019.

With three of the top six ranked bulls in the world – Smooth Operator (No. 2), Smooth Wreck (No. 3) and Legit (No. 6) -- and six of the top 16, it’s been another banner year even by Berger’s lofty standards.

KODA Is Drilling Out West -- August 11, 2019

The well:

36501, conf, Koda Resources Operating, Stout 2932-2TH, Fertile Valley,

The well is located three miles northeast of Grenora, about 6.5 miles east of the Montana state line. It's in a defined field, but for all intents and purposes, a wildcat, targeting the Three Forks. There are three producing wells within a mile or so, all targeting the middle Bakken but none particularly notable.

In Round Numbers -- August 11, 2019

Crude oil

Permian: will eventually get to 8 million bopd
US Gulf Coast: well beyond 3 million bopd
Bakken: unfettered, 2 million bopd
US consumption: 20 million bopd
Current US production: 12 million bopd
Russian production: 11 million bopd
Saudi production: 10 million bopd, trending down
Saudi crude oil exports: 7 million bopd; to US, about 500,000 bopd
EU: consumption: 15 million bopd
China consumption: 13 million bopd
China imports: 12 million bopd
Global demand: 100 million bopd

My hunch: Michael Moore saw these numbers; and then saw the SoftBank numbers.

ISO-NY (link here):

Wind: 330 MW
Dual fuel (sounds better than COAL and natural gas: almost 20%
Natural gas: 17%
Other renewables: 286 MW and it includes methane

Wells Coming Off The Confidential List This Next Week With Early Production Data -- August 11, 2019

For a more comprehensive look at the Black Federal wells, see this post. The Black Federal wells look like some nice wells coming out of the Oliver oil field, a field which has not seen a lot of activity.

34156, conf, Oasis, Aagvik 5298 14-26 14TX, Banks (the Aagvik wells are tracked here):

Date	Oil Runs	MCF Sold
6-2019	32320	75120
5-2019	31011	88496
4-2019	23762	64615
3-2019	27785	73266
2-2019	0	1776

35538, conf, CLR, McClintock 8-1H1, Pleasant Valley:

Date	Oil Runs	MCF Sold
6-2019	22340	41228
5-2019	27372	39865
4-2019	37739	25213
3-2019	18827	10007
2-2019	10246	4089

35342, conf, Kraken Operating, Black Federal 33-28 2TFH, Oliver:

Date	Oil Runs	MCF Sold
6-2019	14272	7778
5-2019	15269	9428
4-2019	14485	6936
3-2019	18834	5037
2-2019	4487	0

35341, conf, Kraken Operating, Black Federal 33-28 3H, Oliver:

Date	Oil Runs	MCF Sold
6-2019	24737	13324
5-2019	26056	15539
4-2019	28332	12574
3-2019	32968	8586
2-2019	6386	0

35340, conf, Kraken Operating, Black Federal 33-28 4TFH, Oliver:

Date	Oil Runs	MCF Sold
6-2019	15976	7927
5-2019	16249	8884
4-2019	2274	1588
3-2019	7288	1411

35339, conf, Kraken Operating, Black Federal 33-28 5H, Oliver:

Date	Oil Runs	MCF Sold
6-2019	22800	10827
5-2019	24798	13882
4-2019	25433	11091
3-2019	31225	8251
2-2019	7424	0

35338, conf, Kraken Operating, Black Federal 33-28 6TFH, Oliver:

Date	Oil Runs	MCF Sold
6-2019	22491	11872
5-2019	24206	14575
4-2019	23750	11713
3-2019	25432	7984

34889, conf, Bruin, Fort Berthold 147-94-2A-11-13H, McGregory Buttes:

Date	Oil Runs	MCF Sold
6-2019	24304	0
5-2019	25453	0
4-2019	28948	10835
3-2019	20919	15872
2-2019	11043	6615

34888, conf, Bruin, Fort Berthold 147-94-2A-11-12H, McGregory Buttes:

Date	Oil Runs	MCF Sold
6-2019	18520	16062
5-2019	18877	2736
4-2019	22754	1498
3-2019	11489	1700

Wells Coming Off The Confidential List This Next Week -- August 11, 2019

Monday, August 19, 2019: 44 for the month; 91 for the quarter:
34156, conf, Oasis, Aagvik 5298 14-26 14TX,

Sunday, August 18, 2019: 43 for the month; 90 for the quarter:
35937, conf, XTO, Badlands Federal 21X-13C,
35602, conf, XTO, Cole Federal 44X-32D,
35538, conf, CLR, McClintock 8-1H1,
35349, conf, Hess, RS-State D-155-92-0203H-5,
34791, conf, WPX, Sweet Grass Woman 22-15H,
34764, conf, MRO, Jocelyn 14-36TFH,
32400, conf, Slawson, Atlantis Federal 2-34-35H,

Saturday, August 17, 2019: 36 for the month; 83 for the quarter:
34790, conf, WPX, Sweet Grass Woman 22-15HZ,
32467, conf, BR, CCU Boxcar 8-8-22MBH,
26804 (no typo), conf, XTO, ColeFederal 44X-32H,

Friday, August 16, 2019: 33 for the month; 80 for the quarter:
35350, conf, Hess, RS-State D-155-92-0203H-4,
34765, conf, MRO, Kinney 24-36TFH,
32466, conf, BR, CCU Audubon 8-8-22MBH,
32399, conf, Slawson, Atlantis Federal 2 SLH,
26639 (no typo), conf, XTO, Badlands Federal 21X-13E,

Thursday, August 15, 2019: 28 for the month; 77 for the quarter:
35981, conf, Sinclair, Uran 8-15H,
35351, conf, Hess, RS-State D-155-92-0203H-3,
35342, conf, Kraken Operating, Black Federal 33-28 2TFH,
35341, conf, Kraken Operating, Black Federal 33-28 3H,
35340, conf, Kraken Operating, Black Federal 33-28 4TFH,
35339, conf, Kraken Operating, Black Federal 33-28 5H,
35338, conf, Kraken Operating, Black Federal 33-28 6TFH,
34789, conf, WPX, Sweet Grass Woman 22-15HD,
32465, conf, BR, CCU Golden Creek 1-1-26TFH,

Wednesday, August 14, 2019: 19 for the month; 68 for the quarter:
35603, conf, XTO, Cole 44X-32DXA,
34889, conf, Bruin, Fort Berthold 147-94-2A-11-13H,

Tuesday, August 13, 2019: 17 for the month; 66 for the quarter:
35938, conf, XTO, Badlands Federal 21X-13B,
35352, conf, Hess, RS-State D-155-92-0203H-2,
32464, conf, BR, CCU Burner 1-1-26TFH,

Monday, August 12, 2019: 14 for the month; 63 for the quarter:
None.

Sunday, August 11, 2019: 14 for the month; 63 for the quarter:
35353, conf, Hess, RS-State D-LN-155-92-0203H-1,
34888, conf, Bruin, Fort Berthold 147-94-2A-11-12H,

Saturday, August 10, 2019:
None.

Update On The "Recent" Lodgepole Well Drilled By Hess -- August 11, 2019

From the July, 2019, issue of Geo News, ND USGS publication.

What have we learned?

TI-WAO-157-95-14H-1 (TI-WAO)
drilled in 2013

initially completed in 2014
sustained and continued production did not begin until mid-2015

other vertical Lodgepole wells in northwestern ND, file numbers; PA = permanently abandoned; last date the well produced; A = active (producing)

6789: PA, 1980
7834: PA, late 1990s; Lodgepole: considered DRY
8645: PA, 1982; considered DRY
7820: A, West Tioga oil field; H. Borstad 34-1; a Madison well with test of Lodgepole (PNA); t11/181; cum 251K 6/19 (Madison, not Lodgepole)
26738 (TI-WAO); A

formation: between ~ 9,300 feet (top) and 11,000 feet (bottom) vertical depth
at the TI-WAO, between 9,000 feet and 9,600 feet, with well bore at 9,200 feet

TI-WAO
spud: December 6, 2013
total depth: May 16, 2014
TD: 13,625 feet which included a 4,400 foot lateral, middle of the Lodgepole Formation, approximately 400 feet above the upper Bakken (note the thickness of this formation)

Lodgepole sits above the Bakken; Scallion is part of the Lodgepole, last major formation before the Bakken top
origins of Lodgepole oil? possibly a combination of Bakken shales and inter-formational petroleum source beds
TOC? in southern Saskatchewan, Lodgepole carbonate beds with TOC values of 4 - 8 wt%, which classifies as excellent quality petroleum source rock (the Bakken is as high as 11%, maybe greater; Saudi Arabia 2 - 5%)
4,400-ft lateral; about half the length of the typical 10,000-foot laterals used in the Bakken
no proppant; 37 stages; 14,782 bbls of fluid (620,844 gallons)
produced at a rate of over 100 bbls/day (extrapolates to 6,000 bbls/month had it been a long lateral)
API: 44.5 API gravity
first 24 hours: 103 bbls of oil; 143 bbls of water
porosity: only 1 - 2% but increased to 4 - 6% near the TI-WAO target horizon
permeability: all less than/equal to 1 millidarcy, similar to the Bakken-Three Forks
recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold
LODGEPOLE	6-2019	30	396	456	1256	611	611
LODGEPOLE	5-2019	31	449	459	1391	708	708
LODGEPOLE	4-2019	30	417	768	1214	662	662
LODGEPOLE	3-2019	31	477	546	1443	735	735
LODGEPOLE	2-2019	24	370	0	967	488	488
LODGEPOLE	1-2019	31	468	391	1275	692	692
LODGEPOLE	12-2018	30	433	558	1419	619	619
LODGEPOLE	11-2018	30	446	373	1311	668	668
LODGEPOLE	10-2018	31	469	610	1387	684	684

If the TOC truly is as high as 8%, this formation has huge potential, but porosity is a huge problem -- solution? hydraulic fracturing.

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Original Post

Re-posting the entire note from the original post, July 4, 2015.

26738, 103, Hess, TI-Wao-157-95-14H-1, Tioga, t7/14; cum 38K 6/19;

February 19, 2017: update:

Monthly Production Data:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold
LODGEPOLE	12-2016	31	652	462	1338	2001	2001
LODGEPOLE	11-2016	30	544	670	1308	1869	1869
LODGEPOLE	10-2016	31	785	697	1365	1929	1929
LODGEPOLE	9-2016	30	739	674	1583	1903	1903
LODGEPOLE	8-2016	29	663	691	1079	2199	2199
LODGEPOLE	7-2016	28	600	685	1149	1460	1460
LODGEPOLE	6-2016	28	980	875	1411	1349	1349
LODGEPOLE	5-2016	21	327	437	1086	1038	1038
LODGEPOLE	4-2016	30	761	713	1404	1377	1377
LODGEPOLE	3-2016	30	889	936	1451	1415	1415
LODGEPOLE	2-2016	26	786	874	1289	1100	1100
LODGEPOLE	1-2016	23	675	433	1108	931	931
LODGEPOLE	12-2015	31	924	1149	1369	1364	1364
LODGEPOLE	11-2015	30	1002	909	1210	1363	1363
LODGEPOLE	10-2015	31	1059	902	1244	1357	1357
LODGEPOLE	9-2015	30	999	1099	1048	1300	1300
LODGEPOLE	8-2015	31	1342	1536	1499	1764	1764
LODGEPOLE	7-2015	30	1402	1348	1509	1915	1915

September 19, 2015: back on ACTIVE status; production profile most recent few months:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold
LODGEPOLE	7-2015	30	1402	1348	1509	1915	1915
LODGEPOLE	6-2015	26	1688	1793	1605	1895	1895
LODGEPOLE	5-2015	31	3447	3384	2989	5024	5024
LODGEPOLE	4-2015	1	60	0	221	199	199
LODGEPOLE	3-2015	0	0	0	0	0	0
LODGEPOLE	2-2015	0	0	0	0	0	0

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Update on this well.

I posted this back on August 17, 2014:

26738, IA, Hess, TI-Wao-157-95-14H-1, Tioga, this is a Lodgepole well; Hess will come back to this well on/about May 7, 2014, to drill this well to TD of 13,693 feet; and then complete it with a multi-stage acid frack; the company will core the upper and the middle Lodgepole; the company will also core the upper, middle, and lower Bakken; the company will core the 1st and 2nd benches of the Three Forks, and the upper 30' of the Three Forks third bench; 640-acre spacing for a Lodgepole well. [Updates: 12/14: no production since early September, 2014; Update: actually produced 60 bbls in one day in April, 2015; also noted that well is now IA (previously TA)]

*********************************

Update As Of July 3, 2015

This is an important well.
See notes below the production profile.

Update as of July 3, 2015:

NDIC File No: 26738
Well Type: OG     Well Status: A     Status Date: 7/18/2014     Wellbore type: Horizontal
Location: NWNW 14-157-95     Latitude: 48.428849     Longitude: -102.923745
Current Operator: HESS BAKKEN INVESTMENTS II, LLC
Current Well Name: TI-WAO- 157-95-14H-1
Total Depth: 13625     Field: TIOGA
Spud Date(s):  12/6/2013
Completion Data
   Pool: LODGEPOLE     Comp: 7/18/2014     Status: AL     Date: 8/19/2014     Spacing: ONE SECTION (640 acres)
Cumulative Production Data
   Pool: LODGEPOLE     Cum Oil: 7292     Cum MCF Gas: 199     Cum Water: 6520
Production Test Data
   IP Test Date: 7/18/2014     Pool: LODGEPOLE     IP Oil: 103     IP MCF: 0     IP Water: 148

Monthly Production Data

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold
LODGEPOLE	5-2015	31	3447	3384	2989	0	0
LODGEPOLE	4-2015	1	60	0	221	199	199
LODGEPOLE	3-2015	0	0	0	0	0	0
LODGEPOLE	2-2015	0	0	0	0	0	0
LODGEPOLE	1-2015	0	0	0	0	0	0
LODGEPOLE	12-2014	0	0	0	0	0	0
LODGEPOLE	11-2014	0	0	0	0	0	0
LODGEPOLE	10-2014	0	0	0	0	0	0
LODGEPOLE	9-2014	10	1789	1786	1167	0	0
LODGEPOLE	8-2014	7	811	444	1089	0	0
LODGEPOLE	7-2014	12	1185	1185	1054	0	0

Note the well is now active.

There were no new sundry forms after the August, 2014 update. The well was put on a pump o/a August 15, 2014.

The original geologist's summary back when the well was first drilled (the following includes direct quotes and paraphrasing, but mostly direct quotes):

this is an experimental well testing the production potential of the Middle Lodgepole
thirty-foot lagged samples were caught from 9,568 feet through the end of the lateral section at 13,625 feet [short lateral] in the Middle Lodgepole formation
true vertical depth of the target formation: 9,219 feet
after the pumps were started gas would peak at 9,568 units (sic) before the gas buster came into use
"it should also be noted that the command center faced away from the flare stack and rig"
"Neset personnel would intermittently leave the command center to look for a flare but none was observed"
saltwater based drilling fluid was used throughout the lateral
the target window would be ten feet
the Lodgepole is a massive body of limestone in the Madison group

Pilot hole core (plans):

Middle Lodgepole

9110' TVD - 9290' TVD for a total of 180 feet of core

this core will include 30 feet above the middle Lodgepole, middle Lodgepole, and 30 feet below the middle Lodgepole; all of this core is in the Lodgepole

Bakken-Three Forks

9550' TVD - 9780' TVD for a total of 230 feet of core

20' above the Upper Bakken Shale, Upper Bakken, Middle Bakken, Lower Bakken, Three Forks 1st Bench, Three Forks 2nd Bench, and 30' of the Three Forks 3rd Bench

the rat hole for the open hole logs will end up in the Birdbear formation

Drilling

spud rig: December 6, 2013
drilling rig: May 13, 2014
cease drilling: May 16, 2014 (3 days)

Completion: June 27, 2014

37 stages
acid frack; no proppant

Location:

The only other active well in the immediate area:

8257, 176, McRae & Henry, Ltd, Gallagher 43-15, vertical Madison well, t7/81; cum 160K 5/15;

An interesting well in the area:

12790, 242/115, Hess, Pederson 14-33, Silurian/Ordovician, the Silurian was drilled in 1991; before it was abandoned at the end of 2008, cum 814K bbls of oil; 1.4 bcf gas

Note: in a long note like this, there will be factual and typographical errors. I have no formal training in oil and gas exploration and I may have missed important points and/or misinterpreted data. If this information is important to you, go to the source.

Sunday Morning Comics -- August 11, 2019

Khashoggied, American-style.

Epstein-Barr nexus replaces Epstein-Barr virus in Merriam-Webster.

Epstein: how did he make all his money?

Link here.

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Sunday, August 11, 2019