Thursday, November 21, 2019

Closer Look At Slawson Case For Three Wells In A 320-Acre Drilling Unit -- November 21, 2019

I'm posting this note for a couple of reasons. The main reason: I'm just curious what this 320-acre drilling unit looks like right now. Right now, it appears there is only one well (#18870), possibly two wells (if there is a second well, it's still confidential), permitted for 320-acre spacing. The others in the graphic below are 1280-acre spacing or possibly greater if a section line well.

From The December, 2019, NDIC hearing dockets, again, this is a case, not a permit:
  • 28164, Slawson, Big Bend-Bakken, three wells in an existing 320-acre unit, W/2 section 10-151-92, Mountrail County
For newbies: Slawson seeks permission from the North Dakota regulators for three wells in an existing 320-ace (half-section) unit as defined above: the west half of section 10 in T151N-R92W.

This is what that section looks like right now before the additional three wells.

If the commission agrees, there will be three wells (horizontals) spaced at 320 acres, in the drilling unit highlighted above.

The wells.

I don't know for sure, but these two will likely run to the east, under the lake/river:
  • 37161, conf, Slawson, Pike Federal 2 SLH, Big Bend,
  • 37160, conf, Slawson, Motune Federal 1-10-15H, Big Bend,
 The Periscope Federal wells will likely run to the east, under the lake/river:
  • 36472, conf, Slawson, Periscope Federal 4-10-7TFH, Big Bend,
  • 36471, conf, Slawson, Periscope Federal 2-10-11-12H, Big Bend,
  • 36469, conf, Slawson, Periscope Federal 5-10-7TFH, Big Bend,
  • 36470, conf, Slawson, Periscope Federal 8-10-11-12H, Big Bend,
  • 36473, conf, Slawson, Periscope Federal 9-10-7TFH, Big Bend,
  • 36468, conf, Slawson, Periscope Federal 3-10-11-12H, Big Bend,
The Moray Federal wells run north-south; most of the wells on the six-well pad will run south and not into this half-section:
  • 18870, 1,042, Slawson, Moray Federal 1-10H, Van Hook, t9/10; cum 322K 9/19;
  • 36329, not identified on the graphic above, but a sister well to #18870, conf, Slawson, Moray Federal 5-10TFH,  

I think, at one time, I had every Blondie CD released in the USA. And now they are lost. Too many moves. I've collected three or four album covers. If I had a big enough house, the album covers would be framed and hung. This song -- the tune/rhythm/Blondie sound -- maybe not the lyrics -- I don't know -- brings back a lot of memories.

Angels on a Balcony, Blondie

Is CRC Dead? -- November 21, 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.

Is CRC dead?

One year high: $30.

Now: under $7.00.

California on way to banning drilling.

CRC down almost 1% today.

Is CRC dead? Just asking.

If You Can't Give Me Love, Suzi Quatro

CLR To Put Up To 8 Wells On A 1280-Acre Unit, Indian Hill -- November 21, 2019

From The December, 2019, NDIC hearing dockets, again, this is a case, not a permit:
  • 28185, CLR, Indian Hill-Bakken, 8 wells on an existing 1280-acre unit, sections 27/34-153-101; McKenzie;
  • mostly under the river, south side of the river, south of Williston
  • only one producing well in this unit
    • 16949, 1,704, Oasis, Schmitz Federal 44-34H-2; was a Madison (PA); t9/10; cum 283K 9/19; was off line 3/19; returned to production, 7/19; 
  • unit looks to be in Eightmile, not Indian Hill

CLR To Place Up To 12 Wells On An Existing 1280-Acre Unit, Westberg Oil Field -- November 21, 2019

From The December, 2019, NDIC hearing dockets, this is a case, not a permit:
  • 28183, CLR, Westberg-Bakken, i) 12 wells on an existing 1280-acre unit, sections 26/35-152-97; ii) two wells on an existing overlapping 2560-acre unit; McKenzie County
  • Westberg-Bakken: in the sweet spot of the Bakken, east of Watford City
  • in this 1280-acre unit, there is only one producing well
    • 17918, 2,166, Newfield, Clear Creek Federal 1-26H, Westberg, t8/10; cum 149 9/19;

NDIC, December, 2019, Hearing Dockets Posted

The NDIC hearing dockets are tracked here.

Link here.

The usual disclaimer applies. As usual this is done very quickly and using shorthand for my benefit. There will be factual and typographical errors on this page. Do not quote me on any of this. It's for my personal use to help me better understand the Bakken. Do not read it. If you do happen to read it, do not make any investment, financial, job, relationship, or travel plans based on anything you read here or think you may have read here. If this stuff is important to you, and I doubt that it is, but if it is, go to the source.

  • most interesting: no flaring cases
Wednesday, December 18, 2019
Four Pages
All new cases have been posted (continuation cases are not posted)

Cases, not permits:
  • 28145, Lime Rock Resources, risk penalty legalese
  • 28146, Hess, Wheelock-Bakken, establish an overlapping 1280-acre unit; sections 25/36-156-98; 6 wells; Williams County
  • 28147, Hess, Jim Creek-Bakken, an overlapping 2560-acre unit; one well; Dunn County
  • 28148, Kraken, commingling
  • 28149, Hess, pooling,
  • 28150, Hess, pooling,
  • 28151, BR, commingling
  • 28152, SWD
Thursday, December 19, 2019
Ten Pages
Cases, not permits:
  • 28153, NDIC, Stony Creek or Williston-Bakken, establish/alter a number of spacing units involving a numbers of sections, Williams County
  • 28154, CLR, Battleview-Bakken, establish two overlapping 2560-acre units; one well each; Williams, Burke County
  • 28155, CLR, Elidah-Bakken, establish an overlapping 2560-acre unit; one well; McKenzie County
  • 28156, Kraken, Sanish-Bakken, i) establish an overlapping 1280-acre unit, sections 31/32-154-92; 9 wells; ii) establish an overlapping 1280-acre unit, section 4/5-153-92, four wells; iii) establish an overlapping 1920-acre unit, six wells; iv) establish an overlapping 1920-acre unit, one well; v) establish an overlapping 2560-acre unit, one well, Mountrail County
  • 28157, Resource Energy Can-Am LLC, amend order #20381, Ambrose-Bakken, terminate an existing 2080-acre unit; instead, authorize four wells on an existing 800-acre unit; and four wells on an existing 1280-acre unit; Divide County
  • 28158, Enerplus, Mandaree-Bakken, establish an overlapping 2560-acre unit; two wells; Dunn County
  • 28159, Petro Harvester, Leaf Mountain-Bakken; establish two 1920-acre units; 8 wells on each; Burke County
  • 28160, RimRock, Heart Butte-Bakken, establish an overlapping 1280-acre unit, W/2 of sections 15/22 and the E/2 of sections 16/21-149-92; two wells; Dunn County
  • 28161, White Butte Oil Operations, LLC, Clarks Creek, relief for a single well; McKenzie County
  • 28162, PetroShale, revoke an EOG permit
  • 28163, Slawson, pooling
  • 28164, Slawson, Big Bend-Bakken, three wells in an existing 320-acre unit, W/2 section 10-151-92, Mountrail County; see this post;
  • 28165, Resource Energy Can-Am, pooling
  • 28166, XTO, pooling,
  • 28167, XTO, pooling,
  • 28168, XTO, pooling,
  • 28169, XTO, pooling, 
  • 28170, XTO, pooling,
  • 28171, XTO, pooling,
  • 28172 XTO, commingling,
  • 28173, WPX, pooling,
  • 28174, WPX, pooling,
  • 28175, Kraken, Sanish-Bakken, four wells on an existing 640-acre unit, section 23-153-92, Mountrail County,
  • 28176, Zavanna, commingling,
  • 28177, Zavanna, commingling,
  • 28178, Newfield, pooling,
  • 28179, Newfield, pooling,
  • 28180, CLR, pooling,
  • 28181, CRL, pooling,
  • 28182, CLR, pooling,
  • 28183, CLR, Westberg-Bakken, i) 12 wells on an existing 1280-acre unit, sections 26/35-152-97; ii) two wells on an existing overlapping 2560-acre unit; McKenzie County
  • 28184, CLR, Oakdale-Bakken, two wells on an existing overlapping 2560-acre unit; Dunn County
  • 28185, CLR, Indian Hill-Bakken, 8 wells on an existing 1280-acre unit, sections 27-34-153-101; McKenzie;
  • 28186, CLR, SWD
  • 28187, URAN SWD
  • 28188, Uran SWD
  • 28189, Cobra Oil & Gas; conversion to enhanced recovery; Flat Top Butte-Madison Unit. McKenzie County

Greta: Say It Ain't So -- November 21, 2019

This story was first published a couple of days ago. I've been too busy to get it posted. Will eventually get it posted. But this headline pretty much says it all:

Apparently St Greta visited the wrong country when she was railing against fossil fuel use.

WTI Spikes; Could Close Over $58 -- Seven New Permits -- November 21, 2019

Land grab re-visited:

Active rigs:

Active Rigs5762553865

Seven new permits, #37204 - #37210, inclusive:
  • Operators: Equinor (5); BR; WPX
  • Fields: Avoca (Williams); Cow Creek (Williams); Hawkeye (McKenzie); Eagle Nest (Dunn County)
  • Comments: 
    • BR has a permit for a Superbad well in section 15-152-95; Hawkeye oil field;
    • Equinor has permits for two Larsen wells in section 15-154-100, Avoca oil field;
    • Equinor has permits for an A Tufto well and two L. Tufto wells in Cow Creek, section 7-155-100;
    • WPX has a Spotted Wolf permit for section 18-148-04, Eagle Nest oil field
One permit canceled:
  • XTO: an FBIR Lawrence permit canceled in Dunn County
One producing well (a DUC) reported as completed:
  • 36089, 220, WPX, Ruby 31-30HEL, Antelope-Sanish, t7/19; cum 79K 9/19;

The Superbad Permit

With regard to BR's Superbad permit, section 15-152-95, already has the following horizontals running through it:
  • 25161, 1,570, BR, Badland (sic) 11-15TFH, Hawkeye, t8/13; cum 246K 9/19;
  • 18020, 2,181, BR, Badlands 21-15H, Hawkeye, t2/10; cum 287K 9/19;
  • 24627, 2,982, BR, Badlands 21-15TFH, Hawkeye, t9/13; cum 202K 9/19;
  • 24628, 2971, BR, Badlands 21-15MBH, Hawkeye, t8/13; cum 190K 9/19;
  • 24629, 2,949, BR, Badlands 31-15TFH, Hawkeye, t8/13; cum 148K 9/19;
  • 24624, 2,919, BR, Badlands 31-15MBH, Hawkeye, t8/13; cum 219K 9/19;
  • 24625, 2,854, BR, Badlands 41-15TFH, Hawkeye, t8/13; cum 219K 9/19; off line, 9/19;
  • 24626, IA/2,924, BR, Badlands 41-15MBH, Hawkeye, t8/13; cum 235K 9/19; off line, 5/19; remains off line, 9/19;
  • 26928 (a section line well on the east), 1,363, BR, Craterlands 11-14TFH-R, Hawkeye, t3/14; cum 198K 9/19; off line, 3/19; back online 6/19; from the file report:
    • the drilling target zone was approximately a 20-foot thick zone about 23 feet below the base of the lower Bakken shale
    • spud date: December 1, 2013
    • cease drilling: January 17, 2014
    • inside drilling target footage: 9,738 feet (100%)
    • frack: 30 stages; 3.3 million lbs
    • no explanation for the "R" designation, but not a reentry as far as I can tell; a revised permit application?

How They Do Things In The Bakken -- EOG -- Parshall Oil Field -- November 21, 2019

This simply tells me there is so much work yet to be done in the Bakken. 

This well was off line for two years, from 1/15 to 1/17. It was a good well in a good field, but it was taken off line for two years. Then all of a sudden it was brought back into production:
  • 17934, 718, EOG, Parshall 16-32H, middle Bakken, Parshall, t8/09; cum 362K 9/19;
Production period of interest:

So, after two years of being off line, why was it brought back into production?

A new well about a mile to the east was fracked just before the well above, #17934, was brought back into production. Horizontals were 1,636 feet apart.

The new well to the east:
  • 29635, 524, EOG, Parshall 164-3332H, middle Bakken, Parshall, t12/16; cum 128K 9/19;
Production at time of frack:
Accidents never happen ....

Accidents Never Happen, Blondie

Production Alert -- Halo Effect -- Jump In Production -- MRO Jacqueline Olson -- #17999 -- Jim Creek -- November 21, 2019

The well:
  • 17999, 373, MRO, Jacqueline Olson 14-16H, Jim Creek, t9/09; cum 138K 9/19;
A neighboring well, #34892, was fracked on/about 10/18.

Production period of interest:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

Production Alert! -- The Newly Fracked Mathistad Wells Are Monsters -- November 21, 2019

This post will not be updated. The BR Mathistad wells in Croff oil field are tracked here.

The newly fracked Mathistad wells were completed/tested in late 2017, about two years ago. They are monster wells. A typical example:
  • 33152, 414, BR, Mathistad 6-8-35 MBH, Croff, 29 stages; 10 million lbs large, t11/17; cum 535K 9/19;
Full production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare

Natural Gas Fill Rate -- November 21, 2019

 Link here.

Meanwhile, up in the great white north:

Notes From All Over, Part 1 -- November 21, 2019

Slow, slow day. Will be off the net until later, after this note is completed. Good luck to all. 

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

In trouble? Exxon steps up assets sale -- $25 billion plan -- Reuters:
  • to divest up to $25 billion of oil and gas fields in Eruope, Asia, and Africa
  • to focus on a handful of mega projects at home, abroad
  • Guyana, Mozambique, Papua Guinea, and the US
  • original plan: to sell $15 billion in assets; huge increase
  • effectively leaves Europe (France and Poland have been major disappointments
  • to divest British North Sea, Germany, Romania
  • for some odd reason, keeps assets in Groningen which is slated to close anyway
  • too little, too late?
In trouble? TD Ameritrade to be acquired by Schwab -- $26 billion --  Barron's

Acquisition closes: Bristol-Myers closes $74 billion Celgene takeover 

Meanwhile, Warren Buffett continues to look for deals. Berkshire Hathaway hath found no way to spend part of its $125 billion cash hoard.

Qualcomm could test all-time high -- Investopedia --
-- finally nearing a historic test of the 2000 bubble high following an 18-year "bounce" that started in the low teens at the end of the bear market in 2002. The vast majority of big tech stocks have already mounted this ancient signpost, generating much stronger long-term returns than the San Diego-based digital communications giant. A breakout could finally lift this perennial cloud, allowing Qualcomm stock to roam freely in the triple digits.
Target sales soar; Forever 21, Sears shutter stores -- USA Today

The History of Religion Page


From wiki: Gratian, or Flavius Gratianus Augustus; May 359 – August 383) was Roman emperor from 367 to 383.  He favoured Christianity over traditional Roman religion, refusing the office of Pontifex maximus and removing the Altar of Victory from the Roman Senate.

From Lost to the West: The Forgotten Byzantine Empire That Rescued Western Civilization, Lars Brownworth, c. 2009, continuing the Christianity vs paganism fight at this time (4th century AD, as Roman Empire imploded):
This wasn't the first time the [Roman] bishop had attempted to enlist imperial support in stamping out the last traces of the ancient [pagan] religion.
A few years before, the bishop had convinced the emperor Gratian that it was embarrassing for a Christian emperor to be carrying around the title Pontifex Maximus -- chief priest of the state religion -- prompting Gratian to go striding into the Senate House of Rome and publicly declare that he was renouncing the title.
Although Gratian was the last emperor to use the title Pontifex Maximus, it didn't disappear into the mists of history. 

In 590, Pope Gregory I adopted it in his role as "chief priest of Christianity" and from it we get the title "pontiff." 

Literally, "pontiff" is translated as "bridge builder" (think pontoon), because the Pontifex Maximus bridged the gap between the world of the gods and the world of man.
Constantine had kept the title because he saw himself as the "Bishop Bishops" -- a title that the pope also assumed. 
Words matter.

Monthly Legacy Fund Deposits Report Delayed; Jobless Claims -- Unchanged Week-Over-Week; Jobless Claims Unchanged -- November 21, 2019

Legacy Fund: monthly deposits data apparently delayed, link here. My hunch: the deposits have been made but the data has been delayed due to a new website.

Link here.
  • prior: 225K
  • revised prior: 227K
  • forecast: 217K
  • actual: 227K
Gasoline demand, link here:

The Death of Attila The Hun

By nosebleed.

Leader of the Huns from 434 AD until his death in 453.

453 A. D. Attila crosses into Gaul and unleashes his horde. The Roman army scatters. The citizens of the little townof Aquileia fled at Attila's approach to the safety of the nearby lagoon. Recognizing the superb defensive otision it offered, they elected to say put, laying the foundations of what would become the mighty Republic of Venice. Its oldest island, Torcello, still has a crude stone chair dubbed by the locals "Attila's throne."

Attila entered Rome unopposed. No government or military Roman stayed. Only the lonely figure of Pope Leo trudged out on foot to meet Attila.

It is unknown at Pope Leo said to Attila, but unexpected Attila turned and left Rome, leaving the city unexpectedly intact.

Within days, after a night of night of drinking and partying, he was found the next morning, dead from a "burst artery -- and the Scourge of God had died from a glorified nosebleed.

Paraphrased from From Lost to the West: The Forgotten Byzantine Empire That Rescued Western Civilization, Lars Brownworth, c. 2009, pages 54 - 55.

Five Wells Coming Off The Confidential List Today -- November 21, 2019

First things first: Schwab to buy TD Ameritrade
  • deal: $26 billion
  • assets, retail: $5 trillion
Natural gas storage: last week’s EIA figure for gas in storage at the end of injection season, normalized to supply, represents the second lowest on record even as gas demand is poised for a last major surge. Link here.

Natural gas, US: production, consumption, and exports set new records in 2018.
The U.S. Energy Information Administration’s Natural Gas Annual 2018 shows that the United States set new records in natural gas production, consumption, and exports in 2018.
In 2018, dry natural gas production increased by 12%, reaching a record-high average of 83.8 billion cubic feet per day. This increase was the largest percentage increase since 1951 and the largest volumetric increase in the history of the series, which dates back to 1930.
U.S. natural gas consumption increased by 11% in 2018, driven by increased natural gas consumption in the electric power sector. Natural gas gross exports totaled 10.0 Bcf/d in 2018, 14% more than the 2017 total of 8.6 Bcf/d. Several new liquefied natural gas export facilities came online in 2018, allowing for more exports.

Back to the Bakken

Active rigs:

Active Rigs5562553865

Wells coming off the confidential list today -- Thursday, November 21, 2019: 72 for the month; 167 for the quarter:
  • 35907, SI/NC, WPX, Beaver 22-21HB, Squaw Creek, no production data,
  • 35607, 1,132, Whiting, Sylte 21-15-2TFH, Tyrone, t6/19; cum 74K 9/19;
  • 35295, 0 (no typo), BR, Meriwether 1A MBH-ULW, Corral Creek, t9/19; cum --;
  • 35260, SI/NC, Hess, BB-Olson-150-95-09H-7, Blue Buttes, no production data,
  • 34771, SI/NC, XTO, Lonnie Federal 31X-3D, Hofflund, no production data,
RBN Energy: crude supply vs export capacity at Beaumont-Port Arthur.
As new crude oil pipeline capacity to the Gulf Coast comes online, a growing disconnect is developing between the surplus crude volumes available for export and the actual export capacity at coastal terminals, particularly projects that would accommodate the more economical and efficient Very Large Crude Carriers (VLCC). This is especially true in the Beaumont-Port Arthur, TX, area, where the relatively shallow depth of the Sabine Neches Waterway limits vessels to Aframax-class ships or partially loaded Suezmax tankers. If planned pipeline expansions into the BPA region over the next two years are completed, over 1 MMb/d of additional crude exports would need to leave BPA terminals to balance the market. Today, we look at current and future export capacity out of BPA.