Friday, April 24, 2020

CLR With Two New Permits; ND Rig Count Remains At 29; Equinor "TA's" A Nice Well -- April 24, 2020

OPEC basket: $15.23.

Active rigs:

$17.094/24/202004/24/201904/24/201804/24/201704/24/2016
Active Rigs2962624829

Two new permits, #37536 -  #37536, inclusive --
  • Operator: CLR
  • Field: Dimmick Lake (McKenzie County)
  • Comments:
    • CLR has permits for two Kennedy wells in Dimmick Lake, lot 1 section 6-150-96;
    • the Kennedy wells are tracked here;
Ten permits renewed:
  • NP Resources (6): three Elkhorn Ranch Federal permits and three Little Mo Federal permits, all in Billings County;
  • XTO (3): three Kenneth permits in Williams County;
  • Cobra: a Neru permit in Billings County;
Four producing wells (DUCs) reported as completed:
  • 36200, drl/A, WPX, Pheasant 33-28HZ, Spotted Horn, t--; cum 74K over 48 days;
  • 35990, SI/NC, Equinor, Sam 30-31 3H, Bull Butte, t--; cum --
  • 31910, TA/A, Equinor, Sax 25-36F 2TFH, Three Forks B1, Banks, t--; first produced, 9/19; cum 61K 2/20;
  • 24050, SI/NC, Petro-Hunt, State 154-94-31C-32-6H; t--; cum --
It will be interesting if "TA" starts to be the norm in the Bakken.

*************************************
TA

This well was drilled back in 2015. Bottom hole was reached December 22, 2015. The company requested to temporarily abandon the well pending improved economics, sundry form dated September 7, 2017.

In a sundry form dated September 13, 2018, the company requested an extension of the temporary abandonment status for another year.

FracFocus shows this well was fracked 8/17/2019 - 8/28/2019; 10.3 million gallons of water; 90.2% water by mass; friction reducer (petroleum distillates, hydrotreated light, 0.05079; poly (oxy-1,2-ethanediyl), a-tridecyl-2-hydroxy-, branched, 0. 00339, percent by mass

The completion data:
  • Bakken, TA, 10/1/2018
Well status:
  • Well status: A, 10/1/2018
Production profile:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2020301179911743255473702136153868
BAKKEN3-2020311262912848267513884738128719
BAKKEN2-20202912517123392565438001367081293
BAKKEN1-20202912631127873219936459348111648
BAKKEN12-2019311261612485362473332333153170
BAKKEN11-2019301709017570361424260042124476
BAKKEN10-20193178713093414329332858
BAKKEN9-20194472845631201580437218825

On another note, how precise are these drillers? I find this amazing. From a Statoil letter, dated November 5, 2014:
Statoil ...  is fully aware.... that the well path of the lateral portion will be drilled approximately 14' - 39' from the 500' west boundary line until a proposed bottom hole footage call of 250' FNL & 539" FEL has been reached.

With this proposed well and all future 1280-acre stand-up and laydown units, Statoil will put key emphasis on properly constructing the Bottom Hole Assembly with the correct non-magnetic collar spacing to adjust to the south-north orientation of the proposed wellpath.
Wow.

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