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:

$17.09	4/24/2020	04/24/2019	04/24/2018	04/24/2017	04/24/2016
Active Rigs	29	62	62	48	29

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:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2020	30	11799	11743	25547	37021	36153	868
BAKKEN	3-2020	31	12629	12848	26751	38847	38128	719
BAKKEN	2-2020	29	12517	12339	25654	38001	36708	1293
BAKKEN	1-2020	29	12631	12787	32199	36459	34811	1648
BAKKEN	12-2019	31	12616	12485	36247	33323	33153	170
BAKKEN	11-2019	30	17090	17570	36142	42600	42124	476
BAKKEN	10-2019	3	1787	1309	3414	3293	3285	8
BAKKEN	9-2019	4	4728	4563	12015	8043	7218	825

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.