Active Rigs Remain Steady At 56 But That's About All That One Can Say Today -- March 11, 2020

Active rigs:

#32.98	3/11/2020	03/11/2019	03/11/2018	03/11/2017	03/11/2016
Active Rigs	56	65	59	45	32

Based on the NDIC daily report it does appear that the Bakken has shut down for new business:

No new permits.

One permit renewal:

• Prima Exploration: a State permit in Divide County.

One permit canceled:

• CLR: an Irgens Rexall permit in Williams County.

One producing well (a DUC) reported as completed:

• 35336, A/drl, Hess, EN-Ruland A-LE-155-94-1201H-1, 33-061-04271, Alger, t--; cum 47K in 51 days; fracked 10/10/19 - 10/18/19; 7 million gallons of water; 84.9% water by mass; friction reducer, 0.17705 (which is the highest by far, on a percentage basis, of all I've seen so far tracking this), Three Forks:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2020	16	12400	12383	13084	10680	9402	1278
BAKKEN	12-2019	31	27243	27303	17628	22927	15468	7459
BAKKEN	11-2019	4	7313	7083	4	0	0	0

From the file report:

• spud date: August 6, 2019; 
• wellsite geological services began at the base of the Tyler formation at 2:40 a.m. on August 8, 2019;
• cease drilling: August 15, 2019
• target: Three Forks;  
• drilling the curve and the horizontal
• Lodgepole, top: 9,644' TVD
• curve: in the Lodgepole, began on August 9, at 5:00 p.m. (about 36 hours after WGS began)
• the curve began at 10,205' MD
• exited the formation at 10,955' MD
• upper Bakken shale: 10,355' TVD; exactly at projected vertical depth;
• middle Bakken: 10,377' TVD; background gas averaged 690 units; max of 1,633 units; 
• lower Bakken shale:10,450' TVD (which means the middle Bakken must have been 73 feet thick; if accurate, that's fairly thick; I think of the middle Bakken as generally being 20 to 40 feet thick); background gas averaged 1,047 units with max gas at 2,453 units; oil shows ranged from poor to fair;
• Three Forks: 10,506' TVD; two feet low to projected vertical depth; target; background gases averaged 754 units with max gas of 1,914 units;
• curve TD reached at 4:25 a.m, August 10, 2019; well bore ended 26' vertical feet inside the Three Forks formation;
• the horizontal:
• lateral drilling began at 3:25 p.m., August 11, 2019 (so a break of about 36 hours before beginning the lateral)
• ideal geological target: 27' below the top of the Three Forks formation;
• early background gases averaged 93 units with a max of 1,106 units
• the third quarter of the horizontal: background gas increased to 281 units with max gas reaching 713 units
• final quarter of the lateral: unremarkable
• TD: 1:00 p.m., August 15, 2019; almost exactly four days of drilling
• no shale strikes while drilling the Three Forks lateral
• sounds like a perfectly drilled well

Frack data not yet scanned in.

There are six EN-Ruland wells on two pads among this group. On one of the EN-Ruland pads are also several EN-Dobrovolny wells.

The EN-Ruland wells:

• 35336, see above;
• 35335, 2,030, .....1201H-4, Manitou, t12/19; cum 37K over 42 days;
• 35334, drl, .....1201H-5, Manitou, t--; cum 41K over 44 days;

• 19989, F/828, Hess, EN-Ruland A-155-94-1201H-3, Manitou, t3/12; cum 248K 9/20; remains off line 1/20; returned to production 3/20; 38 stages; 3 million lbs proppant;
  
• 19987, 1,521, .....1201H-2, Manitou, t9/11; cum 271K 8/19; remains off line 1/20;
• 19983, F/845, .....1201H-1, Manitou, t8/11; cum 266K 9/19; remains off line 1/20;

Note: the EN-Ruland wells are "Manitou oil field" wells except for the section line well which is an Alger well.

Again, no evidence of the parent-daughter problem that analysts report coming out of the Permian. The daughter wells are much better than the parent wells. This is not to say that the daughter wells might have been even better had the parent wells not been drilled earlier, but we will never know, will we? 

Other EN-Ruland well:

• 36796, drl/A, 3,053, Hess, EN-Ruland-LE-156-94-3328H-1, Alkali Creek, big well; 33 stages; 9.6 million lbs proppant; 7.4 million gallons of water; EN-Ruland wells are tracked here;
  

  Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
  BAKKEN	9-2020	24	24081	24019	11282	0	0	0
  BAKKEN	8-2020	31	19221	19182	10696	20851	20851	0
  BAKKEN	7-2020	31	16728	16752	10754	17965	17965	0
  BAKKEN	6-2020	30	22875	22924	40732	29862	29862	0
  BAKKEN	5-2020	31	31843	31675	68648	41519	41519	0
  BAKKEN	4-2020	1	1030	989	1424	4198	4198	0