Clearing Off The Desktop -- October 19, 2019

Should we start with the price of gasoline in California?

Natural gas inventories and "fill rate":

Schlumberger in deep trouble:

Flaring in the Bakken:

And, finally, rig count:

Random Look At A Mediocre MRO Well That Became A Huge Well -- October 19, 2019

Note: this well was drilled back in 2009; it had a very, very small initial production (see second spreadsheet below. Then five years later, in 2014, this very, very mediocre well had a huge jump in production and overnight went from a mediocre well to a great well.

The well:

• 17771, 585, MRO, Jay Sandstrom USA 34-31H, 33-061-00909, Reunion Bay, t3/09; cum 542K 10/20; off line 11/20; fracked 6/26/14 - 6/28/14; 1.7 million gallons of water; 85.4% water by mass; original frack, 2/21/09, open hole; 0 stages; second frack, 6/26/14, 30 stages; 1.8 million lbs proppant;
  

Period of interest:

BAKKEN	4-2015	23	7161	7241	2330	7978	5235	1844
BAKKEN	3-2015	30	9506	9543	3085	12083	9523	1375
BAKKEN	2-2015	28	10715	10635	3658	11745	9140	1291
BAKKEN	1-2015	31	13103	13145	4340	11407	700	9120
BAKKEN	12-2014	31	15795	15865	5330	13411	1173	10364
BAKKEN	11-2014	30	18476	18839	6481	16118	991	12974
BAKKEN	10-2014	31	27086	27028	10352	23196	235	19851
BAKKEN	9-2014	26	17471	17421	8930	13790	7924	3872
BAKKEN	8-2014	31	21192	20896	10233	17698	10577	4667
BAKKEN	7-2014	13	12772	12746	57	10903	0	9460
BAKKEN	6-2014	1	142	0	2	119	0	104
BAKKEN	5-2014	0	0	0	0	0	0	0
BAKKEN	4-2014	11	890	1459	142	825	0	665
BAKKEN	3-2014	31	2724	2211	475	3030	1867	696
BAKKEN	2-2014	28	1949	2030	395	2226	1729	113
BAKKEN	1-2014	31	1629	1424	223	1325	772	223
BAKKEN	12-2013	14	466	476	271	171	17	73
BAKKEN	11-2013	19	1114	1121	169	1348	934	301
BAKKEN	10-2013	31	1876	2176	256	2074	1755	133

Drilled back in 2009, this was the initial production for this well:

BAKKEN	8-2009	31	4650	4712	615	4455	0	4455
BAKKEN	7-2009	31	5419	5681	722	5187	0	5187
BAKKEN	6-2009	28	4469	4446	753	4297	0	4297
BAKKEN	5-2009	31	5030	4860	698	4793	0	4793
BAKKEN	4-2009	29	5761	5662	877	5516	0	5516
BAKKEN	3-2009	31	9355	9223	2285	8439	0	8439
BAKKEN	2-2009	5	2975	2537	1627	2529	0	2529

A Busy, Busy Reunion Bay Field -- October 19, 2019

A busy, busy field.

The wells:
34598, conf,
34602, conf,
34599, conf,
34601, conf,
34600, conf,

16778, 354, MRO, Jack Pennington 21-28H, Reunion Bay, t8/08; cum 561K 8/19; jump in production, 5/17;

31849, 2,470, MRO, Ronald 34-33TFH-2B, Reunion Bay, t2/17; cum 128K 8/19;
30511, 2,474, MRO, Goldberg USA 24-33TFH, Reunion Bay, t2/17; cum 253K 8/19;
30512, 3,255, MRO, Gaynor 34H, Reunion Bay, t2/17; cum 392K 8/19;
30513, 2,830, MRO, Anton34-33TFH, Reunion Bay, t2/17; cum 268K 8/19;

36847, drl,
36846, drl,
17966, 358, MRO, Jack Pennington 34-21H, Reunion Bay, t6/09; cum 434K 8/19;
36845, drl,
36844, drl,

36661, drl,
20122, 1,163, MRO, Skogstad 41-28H, Reunion Bay, t8/11; cum 405K 8/19; big jump 4/17;
36662, drl,
36663, drl,


19834,34598, MRO, Jacob Madison 11-27H, Reunion Bay, t8/11; cum 350K 8/19;

36788, drl,
36789, drl,

CLR's State Weydahl And Brandvik Wells In Corral Creek Updated -- Huge Wells In All Three Formations: MB, TF1, TF2 -- October 19, 2019

Link here.

Random Update Of MRO's Wells In Section 14-151-94, Reunion Bay -- OCtober 19, 2019

Huge second bench, Three Forks wells.

At the site, note this huge jump in production, middle Bakken well, previously posted:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2019	31	8549	8626	4766	11529	3244	7339
BAKKEN	7-2019	31	11646	11549	6646	15641	7766	6466
BAKKEN	6-2019	30	11115	11078	6404	15021	6477	7296
BAKKEN	5-2019	31	10799	10816	6424	15031	3454	10567
BAKKEN	4-2019	30	11209	11185	7368	14264	2524	10685
BAKKEN	3-2019	31	12821	12805	12606	16243	3870	11348
BAKKEN	2-2019	28	13030	13035	18388	18162	5495	11691
BAKKEN	1-2019	31	13844	13820	31963	15589	5489	9150
BAKKEN	12-2018	13	6870	6802	18265	6607	3321	2866
BAKKEN	11-2018	1	403	439	586	403	4	375
BAKKEN	10-2018	8	3648	3608	15270	4939	0	4727

The well:

• 19514, 527, MRO, Jones USA 14-14H, Reunion Bay, t4/11; cum 628K 8/19; look at the jump in 12/18 -- be sure to note that the 6,870 bbls was over only 13 days (extrapolates to: 16K bbls/month); re-fracked 7/26/2018 - 7/28/2018; a small re-frack with 3 million gallons of water:

Update On Proposed "Bridger Expansion" -- Huge Non-Canadian Keystone XL Competitor -- Won't Touch Nebraska -- October 19, 2019

From the Bismarck Tribune:

• will entail building two separate oil pipelines
• one straddling North Dakota and Montan
• another in Wyoming
• 16-inch North-Dakota pipeline will be called the "South Bend" 
• 150,000 bopd from Johnsons Corner in McKenzie County to Baker, MT
• will extend for 137 miles across the two states (ND and MT)
• Wyoming line will be known as the "Equality" line
• 200,000 bopd; from Hulett, WY, to Guernsey, WY
• will enter the national system, including the proposed Liberty Line
• Liberty Line: a separate project by Bridger and Philips 66 that's slated to run to Cushing, OK
• does this look like a direct non-Canadian competitor to the Keystone XL?

Week 42: October 13, 2019 -- October 19, 2019

Top international non-energy story:

• President Trump pulls 28 (maybe 50) troops out of Syria and the world goes bonkers

Top international energy story:

• US crude oil imports to plummet next month (October, 2019)
• US to be net exporter of crude oil and petroleum products
• Saudi Aramco delays IPO
• Dyson drops plans for EVs
• EV sales in China plummet  
• TransCanada declares force majeure on Keystone; pumping stations damaged due to autumn snowstorm;
• Tea leaves suggest that Canada's TransMountain pipeline project is dead

Top national non-energy story:

Top national every story:

• US Federal Gulf of Mexico crude oil production sets new record;

Top North Dakota non-energy story:

• Williston Basin International airport open for business;

Top North Dakota energy story:

• Director's Cut: all-time production record; 
• Bakken sets new records: EIA
• Shaleprole.com predicts record production;

Geoff Simon's top North Dakota Energy stories:

• North Dakota sets new all-time oil and natural gas production record
• Company want to develop salt caverns; storage would support petro-chemical industry
• Progress on new Long X bridge
• Bridger pipeline expansion
• District 8 votes to build new high school
• Drone fleet getting ready for takeoff in northwestern North Dakota
• Reader's Digest: Watford City -- nicest place in North Dakota"
• US shale output nears 9 million bopd with the Permian and the Bakken leading the way

Operations:

• Shooting fish in a barrel
• Slawson with a dual lateral;

Incredible wells:

• BR Archer well in Charlson oil field
• Brooklyn oil field
• Squaw Creek oil field
• Bailey oil field 
• Fort Berthold
• Reunion Bay

Fracking:

• North Dakota "game-changer":
• Sand;

Bakken economy:

• Whitiing in talks with Abraxas

Commentary:

• Advantaged oil; and, here; and, here;
• US shale oil revolution: Forbes

I'm Here But Blogging On The Bakken Will Be Delayed -- October 19, 2019

It is such an incredibly beautiful day here in north Texas and I have so much stuff going on, I'm not going to blog about the Bakken until later.

But, wow. Scroll down through yesterday's posts and look at the incredible wells that are being reported.

Good luck to all.

This week in pictures.