Thursday, April 2, 2020

CLR With Six New Gibb Permits In Beaver Lodge -- April 2, 2020

Trump, US company oil CEOs: this is really, really cool. Trump is meeting with CEOs of select oil companies today and discussing global oil situation with Prince MBS.
At the end of the meeting, Trump will be able to tell "us" how much the oil companies plan to cut production. The decision by the individual oil companies will be a business decision; it won't be mandated by anyone. But US production will decline. Forget about the whys and wherefores -- it doesn't matter. Not for this part of the discussion. Collectively, the US might actually cut production by one to two million bbls of oil. That will be enough for Saudi to "save face" and at least say, "okay, let's think about that," and wait to see Russia's response. I'm not optimistic/pessimistic one way or the other on this; I just think it's fascinating to watch a president whose background is business / making deals and watching the process.
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Back to the Bakken

Active rigs:

$25.034/2/202004/02/201904/02/201804/02/201704/02/2016
Active Rigs4365605029

Six new permits, #37485 - #37490, inclusive --
  • Operator: CLR
  • Field: Beaver Lodge (Williams County -- east section line is county line with Mountrail County)
  • Comments:
    • CLR has permits for a 6-well Gibb pad in SENE section 24-156-95, Beaver Lodge oil field;
Three permits renewed:
  • CLR (2): one Jersey FIU and one Jersey well, both in Mountrail County, both in SENE 6-153-93;
  • Enerplus: one Morgan permit in Dunn County;
Five producing wells (DUCs) reported as completed:
  • 35690, F/NC, BR, Tailgunner 1E MBH, North Fork, no production data,
  • 35688, F/NC, BR, Tailgunner 1C MBH, North Fork, no production data,
  • 35437, F/NC, Hess, GO-Elvin Garfield-LE-156-97-1918H-1, Dollar Joe, t--; cum 57K 2/20; see below;
  • 35689, F/A, BR, Tailgunner 1D TFH, North Fork, t--; cum --;
  • 35439, F/drl, Hess, GO-Elvin Garfield-156-97-1918H-7, Dollar Joe, t--; cum 20K over26 days; see below;
Thirteen wells approved for "confidential" status:
  • Hess (8): two TI-State wells in Mountrail County; four AN-Mogen Trust wells in McKenzie County; two GO-Dahl wells in Williams County;
  • Whiting (5): three Iverson wells, and, one Janet Adele well, all in Mountrail County; one Berg Trust Federal well in McKenzie County;
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CLR's Gibb Pad (see above)

There is only one other well in this drilling unit:
  • 24352, 287, CLR, Gibb 1-24H, 30 stages,3 million lbs, Beaver Lodge, t3/13; cum 137K 2/20; 
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DUCs Reported As Completed (from above)

The wells:
  • 35439, F/drl, Hess, GO-Elvin Garfield-156-97-1918H-7, Dollar Joe, t--; cum 20K over26 days; fracked 11/12/19 - 11/20/19; 7.3 million gallons of water; 87.7% water by mass; friction reducer, 0.08091 (on the high side, perhaps the highest I've seen since beginning to track this -- until I saw the one below);
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-202000730000
BAKKEN1-202016993010028467312098920712277
BAKKEN12-20191097669595269651538115229152
  • 35437, F/NC, Hess, GO-Elvin Garfield-LE-156-97-1918H-1, 33-105-04966, Dollar Joe, t--; cum 57K 2/20; fracked 10/31/19 - 11/10/19; 7.1 million gallons of water; 87% water by mass; friction reducer, 0.28783, no typo; highest I've even by several factors)
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-2020292268622667240614185241677175
BAKKEN1-2020303441034157442186337762542835
BAKKEN12-20190000000

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