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:

$25.03	4/2/2020	04/02/2019	04/02/2018	04/02/2017	04/02/2016
Active Rigs	43	65	60	50	29

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);

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	2-2020	0	0	73	0	0	0	0
BAKKEN	1-2020	16	9930	10028	46731	20989	20712	277
BAKKEN	12-2019	10	9766	9595	26965	15381	15229	152

• 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)

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	2-2020	29	22686	22667	24061	41852	41677	175
BAKKEN	1-2020	30	34410	34157	44218	63377	62542	835
BAKKEN	12-2019	0	0	0	0	0	0	0