Friday, September 27, 2019

Global Warming To Smack Montana, Wyoming, Idaho, Washington State; Kennedy Klan Klapping; Daily Activity Report -- Bakken Summary -- September 27, 2019

Link here.

Now, back to the Bakken.

The daily activity report.

Back to the Bakken

Active rigs:

Active Rigs5765573271

Two new permits, #37019 - #37020, inclusive:
  • Operator: Slawson
  • Field: Big Bend (Mountrail County)
  • Comments: 
    • Slawson has permits for two Triton Federal wells in Big Bend oil field, section 8-34-35; one TFH well and one middle Bakken well
Seventeen permits renewed;
  • EOG (6): two Clearwater permits in Mountrail County; three Wayzetta permits in Mountrail County; and, a Hardscrabble permit in Williams County 
  • Enerplus (3): a Spider permit, a Cobweb permit, and a Maratus permit, all  in Dunn County
  • RimRock (2); two Two Shields Butte permits in Dunn County
  • Kraken (2): a Wilder permit and an Anna permit, both in Williams County
  • Whiting: a Mallow permit in McKenzie County
  • PetroShale: a PetroShale USA permit in McKenzie County
  • Liberty Resources: a Holmen E permit in Burke County
  • Oasis: a Barron permit in Burke County 
Two producing wells (DUCs) reported as completed:
  • 35476, 1,696, Hess, SC-JCB-LE-154-98-1721H-2, Truax, t8/19; cum 14K over 13 days;
  • 34907, 1,942, Hess, SC-JCB-LE-154-98-1720H-1,  Truax, t8/19; cum 15K over 10 days; extrapolates to 46K over 30 days;
Pop Quiz

For a free one-year subscription to this blog, quick, what's a "maratus"? Two, maybe three, hints on this page.

Bonus question: no prize except bragging rights, quick, where might one find a "maratus"?

CLR's Ravin Wells In Dimmick Lake

Note: Early production data has been added. Scroll to the bottom of the post. These wells were initially DUCs. They were completed about seven months after reaching total depath.

Disclaimer: In a long note like this, there may be typographical and/or factual errors. If this is important to you go to the source. If alerted to errors, I will correct them.

CLR is clearly "on a roll." I can't wait to see their year-end report which we should see sometime in early 2020. One wonders if Harold Hamm has tweaked his business model.

Original Post

These are incredible wells. They were brought to my attention by a reader.

Tonight's post begins with a note from a reader:
A few weeks ago the Ravin 2 #34873 came off of confidential with limited production reported. According to our monthly statement, here is what they did in August:
  • #34873 -- Ravin 2: 43,453 runs 
  • #34874 -- Ravin 3: 42,482 runs
Okay, that's the lede.

It should be noted that Abraxas has "Ravin" wells in North Fork oil field. This post is about the CLR Ravin Federal wells in Dimmick Lake.

These well have been coming off the confidential list over the past few weeks, generally one at a time, and I've posted them when noted on the daily activity report, but I believe this is the first time I've "collected" them all in one place.

Based on their names, they include middle Bakken, first bench Three Forks, and second bench Three Forks wells -- I will sort that out later.

Again, for newbies: these are huge wells. I'll provide the frack/completion data later.

The graphic:

The wells:
  • 34873, 2,641, CLR, Ravin Federal 2-1HSL, Dimmick Lake, t8/19; cum 44K over 25 days, extrapolates to 53K over 30 days; cum 239K 4/20; 46K month;
  • 34874, 2,175, CLR, Ravin  3-1HSL1, Dimmick Lake, t7/19; cum 42K over 31 days; previous month, 12,442 bbls over 7 days; cum 132K 2/29; 42K month; off line 2/20; remains off line 4/20;
  • 34172, 2,790, CLR, Ravin 4-1H, Dimmick Lake, t6/19; cum 260K 4/20; 52K first full 31-day month;
  • 34173, 911, CLR, Ravin 5-1H2, t7/19; cum 97K 4/20;
  • 34174, 1,753, CLR, Ravin 6-1H1, Dimmick Lake, t7/19; cum 56K over 51 days; cum 129K 4/20; 33K month;

  • 34175, 1,286, CLR, Ravin 7-1H, Dimmick Lake, t8/19; cum 207K 4/20;
  • 34176, 1,726, CLR, Ravin 8-1H2, Dimmick Lake, t8719; cum 168K 4/20; 35K month;
  • 34177, 2,178, CLR, Ravin 9-1H, Dimmick Lake, t7/19; cum 83K over 59 days; cum 203K 4/20; 46K month;
  • 34178, 1,932, CLR, Ravin 10-1H1, Dimmick Lake, t8/19; cum 59K over 44 days; cum 167K 4/20; 36K month;
  • 34179, n/d, CLR, Ravin Federal 11-1H, Dimmick Lake, t--; cum 49K over 41 days; 196K 4/20; 37K month;
  • 34180, 1,698, CLR, Ravin 12-1H2, Dimmick Lake, t7/19; cum 30K over 39 days; 118K 4/20;

  • 18584, 380, CLR, Ravin 1-1H, Dimmick Lake, t7/10; cum 147K 4/20;
Early production numbers for the Ravin wells. Completion strategies are tracked at this post.

34873, middle Bakken, 62 stages; 17.6 million lbs sand;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

34874, Three Forks, 32 stages; 9.8 million lbs sand;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

34172, middle Bakken, 62 stages; 17.6 million lbs sand;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

34173, producing, but still conf;

34174, Three Forks first bench, 62 stages; 17.6 million lbs sand;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

34175, producing but still conf;

34176, Three Forks second bench, 62 stages 10.1 million lbs:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

34177, middle Bakken, 62 stages; 12.6 million lbs:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

34178, Three Forks first bench, 62 stages; 12.6 million lbs:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

34179, middle Bakken, 62 stages; 12.6 million lbs;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

34180, Three Forks, second bench, 62 stages; 10.1 million lbs;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

Everyone Is Getting Into The Bakken Spirit -- Even Abraxas Wells Show The Bakken Jump -- September 27, 2019

This post will not be updated. These wells are tracked elsewhere.

The well:
  • 26885, 1,141, Abraxas, Ravin 26-35-4H, North Fork, t10/14; cum 338K 8/19;
Jump in production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

Back From The Dead -- Once "AB" Now Back To Producing -- September 27, 2019

This page won't be updated.

Not perhaps the greatest well ever but at one time it was "AB."

Now it's back on active status.
  • 16698, AB-->IA/369-->A, CLR, Oakdale 11-12H, 12-146-96, 2 sections; t12/07; cum 242K 7/19;
Recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

All Politics -- Nothing About The Bakken -- September 27, 2019

I normally don't do this, but these are so good, I can't pass them up.

Under the "Twitter" guidelines, I am amazed that CNM has not had its account suspended.

And, believe it or not, RSBN is back on twitter. Apparently it is not allowed to "live stream" but it's back up and running. My hunch, "Diamond and Silk" had a lot to do with getting RSBN back up and running on Twitter.

The First Thing That Flashed In Front Of My Eyes -- The "Black Snake" -- September 27, 2019

Had the "black snake" run under this road, the DAPL-operators would have have been blamed, and this would have been a national story. But as it is .... "stuff happens."

A Well With A Very Strange Production Profile -- September 27, 2019

This page will not be updated. 

The well:
  • 19693, 722, Enerplus, Danks 17-44H, Antelope, t7/11; cum 258K 8/19; note that there has been a subtle jump in production except that production for each of the past five months has been reported to be only one day per month;
Recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

Random Update Of An Old Well -- Nice Jump In Production -- September 27, 2019

This page won't be updated; this well is tracked elsewhere. 

The well:
  • 16792, 689, BR, Kermit 1-32H, Pershing, t5/08; cum 245K 7/19;
Recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

Two More 1280-Acre Units WIth Plans For 20 Wells -- September 27, 2019

August 8, 2019:  
Case 27809, Newfield, Siverston-Bakken; 14 wells on each of two existing 1280-acre units; 6/7-150-98; and, 30/31-151-98, McKenzie; already 6 wells on each of these units; this will make it 20 wells in each of these 1280-acre units;

Urban Life -- 21st Century -- September 27, 2019

Wow, I'm in a great mood.

I should be in a terrible mood. I really screwed up some "numbers" today regarding the Bakken. I can't believe the mistakes I made. "Doozies," as they say, even for me.

But, the good news is that a reader (or readers caught the mistakes) called me out on them, even telling me Sophia could do a better job. LOL.

So, anyway, I posted the data without my arithmetic. Sorry about the mistakes but we move on.

Spectrum -- Cable Television

I've said before that I really, really appreciate "Spectrum," our cable television provider.

But it's getting more and more expensive.  I had a series of "less than productive" phone calls so I wrote Spectrum a letter. Out of literally millions of customers, they get a letter from me and today one of their folks called me. Great, great conversation. We'll follow up with Spectrum on October 6, 2019, but to say the least, three things:
  • very expensive
  • but one gets a lot for that monthly cost
  • and, when one finally gets someone knowledgeable on the phone, it works wonders
So, we'll see.

I'll let my wife make the decision. LOL.

Sprint -- Cell Phone

After talking to Spectrum last week, talking to Sprint this morning, in-store, was like talking to ... well, I don't know to what to compare that ... all I can say is I had the most incredible, enlightening conversation I've ever had with Sprint. They never let me down.

So, tomorrow, a third line, a new phone, upgrade an old phone, and a whole bunch of other stuff, and the overall cost is ... yes, expensive, but well worth it.

I really, really don't want to part with my iPhone SE. It was the first iPhone I ever had and it's perfect for me. I love the size. But the lease is up next month: I can either pay it off (not much to pay off) and keep it, or upgrade to a new iPhone. Decisions, decisions.

I am thinking of keeping the iPhone SE. It's become "part of me." I can't imagine parting with it -- ever. Even when Apple quits supporting it, I could put it in a display case on a bookshelf.

And then it struck me. I could keep it. Add a fourth line at lowest possible voice/no text/no data plan and give it to Sophia.

She could figure it out. She would love it. It would be her own. So, we'll see.

But What A Great Day

It looks like we're going to have 100-degree sunny weather here in north Texas for another week or so. "Everyone" is complaining about the heat. Not me. I love it. Great bicycling weather at 5:00 a.m.


And Alexa is still the greatest. Period. Dot. No pun intended.

Fifty Percent Of Wells Coming Off Confidential List Are DUCs -- September 27, 2019

Wells that were supposed to have come off the confidential list were "finally" posted today:
  • 35897, SI/NC, Slawson, Slasher Federal 5-27-22TFH, Big Bend,
  • 35552, SI/NC, Hess, SC-Barney-154-98-1819H-7, Truax,
  • 35551, 1,800, Hess, SC-Barney-154-98-1819H-6, Truax, t8/19; cum 34K over 29 days;
  • 34909, 879, Nine Point Energy, Eckert Foundation 152-102-22-15-7H, Elk, t4/19; cum 101K 8/19;
 Look at the nice Nine Point Energy, Eckert Foundation well, #34909:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

But, look at what else one learns from that data. Wow, its only September 27, 2019, and the NDIC is starting to post August, 2019, production data. Wow. 

Unusual Shaped 2560-Acre Unit In The Bakken; 18 Wells On One 2560-Drilling Unit; Zavanna -- September 27, 2019

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.

: I often make typographical and/or factual errors. If this is important to you go to the source.   

I've checked this several times. I think I'm correct on this as it is being reported, but if I have it correct, the 2560-acre spacing unit is unusually shaped. From the October, 2019, hearing dockets:
Case (not permit) 28033, Zavanna, Stony Creek-Bakken, a 2560-acre unit, sections 22/26/27/35-155-100, 18 wells, Williams County
The graphic:

Again, I apologize if I'm wrong, but this is what I'm seeing. 

The Market, Early Morning Trading, For The Archives -- September 27, 2019


Later, 10:30 a.m. CT: the market surges; the DOW is up 118 points and Pocahontas now leads in a nationwide poll. The market loves Pocahontas! LOL. What, me worry? And it looks like SRE might just go "green." Wow.

Original Post

Oil: from The WSJ, link here --
Saudi Arabia has moved to impose a partial cease-fire in Yemen, say people familiar with the plans, as Riyadh and the Houthi militants the kingdom is fighting try to bring an end to the four-year war that has become a front line in the broader regional clash with Iran.
Saudi Arabia’s decision follows a surprise move by Houthi forces to declare a unilateral cease-fire in Yemen last week, just days after claiming responsibility for the September 14, 2019, drone and cruise-missile strike on Saudi Arabia’s oil industry. While the Houthis fired two missiles at Saudi Arabia earlier this week, the strike wasn’t seen by Saudi leaders as a serious attack that would undermine the new cease-fire efforts.
Houthi leaders initially said they were responsible for the attack on the oil facilities, but Saudi, U.S. and European officials have dismissed the claims as a transparent attempt to obscure Iran’s role in the strike. Yemeni fighters, these officials say, have neither the weapons nor the skills to carry out such a sophisticated strike.

  • war: 20 drones/cruise missiles per attack on Saudi assets
  • partial cease-fire: 10 - 19 drones / missiles per attack on Saudi assets
  • total cease-fire: 1 - 9 drones / missiles per attack on Saudi assets but "aimed" to miss their target
  • peace: in the eye of the beholder
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.

Disclaimer: I often make typographical and/or factual errors. If this is important to you go to the source.

What is the market doing today? In early trading, 9:57 a.m. CT:
  • WTI: down again, now at $56.14; for the Saudis, looking at $61.29 for Brent
  • Dow: up 84 points
  • BKH: down a bit; trading at $77.19
  • D: up slightly; trading at $80.89; trading at record highs; buzz is that it has room to run; and, it is paying 4.5%;
  • MDU: down slightly; has had a great run lately; 
  • SRE: down half a percent, profit-taking? trading at $144
  • RDS-B: up a percent; trading at $59.56
  • HES: down a bit; trading at $61.49
  • COP: up a bit; trading at $58.05
  • GM: down eleven cents -- maybe the strike isn't over -- trading at $37.50
  • F: up two cents; trading at $9.16;
  • ENB: up 3/4th of a percent; trading at $35.99
  • EPD: up half a percent; trading at $28.64
  • KMI: up 1%; trading at $20.74
  • BRK-B: up half a percent; trading at $208.10
  • EW: down 1.35%; down $3.00; trading at $218.76 
  • AAPL: up slightly; trading at $220.34
  • UNP: down slightly;