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Saturday, May 30, 2020

Why I Love To Blog, Reason #1 -- Now I Know What All The Excitement Was About -- Updating Nine Point Energy' Wells In Eightmile -- May 30, 2020

This is really, really cool, on so many levels. I actually missed this story for several days, maybe weeks, but with time on my hands today, I decided to take a look. 

At the sidebar at the right, there is an app that posts the top ten trending posts. Most top trending posts are recent posts, but when an "old" post rises to the top, it's time to take a look.

See this post. The original post was January 28, 2020. At that time, the most recent production data was for the month 11/19. At that time all completed wells were producing.

It is strange to see a post this old to be trending among the top ten. So, let's take a look.

Well, well, well. What do we see? The producing wells at the time of the original post are now all off line; and, the wells that were on "drl" status are now producing and have moved to the conf list. And finally the wells that were producing a small amount back in November, 2019, are now into full production.

So, now we know. The mom-and-pop mineral rights owners were checking into see what was going on. They must have received their royalty checks. Whoo-hoo!

There are so many story lines here:
  • first, of course, the royalty checks for small mineral owners;
  • second, once the price oil "comes back," the checks will be bigger;
  • third, this opens up an entire new area for E&P;
  • fourth, hopefully Nine Point Energy can hang through this downturn; they've been through this once before;  
  • fifth, the tenacity, the persistence, the git 'er done attitude of oil men and women; and, 
  • probably a lot more.
By the way,  a huge apology for failing to get this posted. I completely missed it. I'm sure a lot of mineral owners were upset with my delay in getting this posted. I learned a lesson.

The wells:
  • 34783, 1,004, Nine Point Energy, Missouri 152-103-4-2-1H, Eightmile, t11/18; cum 190K 11/19; a 24K month; now, 221K 3/20; only seven days 3/20; remains off line 4/20;
  • 34784, 1,098, Nine Point Energy, Missouri 152-103-4-2-2H, Eightmile, t11/18; cum 207K 11/19; a 30K month; off line 11/19; remains off line 4/20;
  • 34785, 1,083, Nine Point Energy, Missouri 152-103-4-2-3H, Eightmile, t11/18; cum 241K 11/19; a 24K month; off line 11/19; remains off line 4/20;
  • 34786, drl-->conf, Nine Point Energy, Missouri 152-103-4-2-4H, Eightmile, 
    DateOil RunsMCF Sold
    4-2020119172886
    3-20207390
  • 34787, drl-->conf, Nine Point Energy, Missouri 152-103-4-2-5H, Eightmile,
    DateOil RunsMCF Sold
    4-2020169076850
    3-2020697466
  • 34788, drl, drl-->conf, Nine Point Energy, Missouri 152-103-4-2-6H, Eightmile,
    DateOil RunsMCF Sold
    4-2020165357390
    3-20203513

  • 36157, 895, Nine Point Energy, S Missouri 152-103-9-11-12H, Eightmile, t12/19; cum 105K 4/20;

    DateOil RunsMCF Sold
    3-2020173890
    2-2020157010
    1-2020262160
    12-2019302450
    11-2019190

  • 36156, 1,018, Nine Point Energy, S Missouri 152-103-9-11-11H, 80 stages; 13 million lbs; some ceramic; proposed 1600 acres (sections 10, 11 &E2/9-152-103); TD = 24,263 feet; lateral drilled in 64 hours; length of lateral, 12,840 feet; curve, 820 feet drilled in 13 hours; vertical (big rig), 1,700 feet drilled in 17 hours; gas: averaged 1,233 units in the lateral; maxed out at 7,013 units; Eightmile, t12/19; cum 106K 4/20;

    PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
    BAKKEN3-20203123032225386189925306025306
    BAKKEN2-20202410121103043236611323011323
    BAKKEN1-20203120653206616092315769015769
    BAKKEN12-20193025642259217627426702026702
    BAKKEN11-201997582695048719237302373

  • 36155, 983, Nine Point Energy, S Missouri 152-103-9-11-110H, 80 stages; 13 million lbs; some ceramic; proposed 1600 acres (sections 10, 11 &E2/9-152-103); TD = 24,263 feet; Eightmile, t11/19; cum 118K 4/20;

    PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
    BAKKEN3-20202819982196125589826359026359
    BAKKEN2-20202712408125123661313415013415
    BAKKEN1-20203118163182535692824050024050
    BAKKEN12-20193128579296977234132286032286
    BAKKEN11-20192418117166055855511698011698
  • 37259, drl, Nine Point Energy, S Missouri 152-103-4-11-9H, Eightmile,
  • 37258, rig-on-site (January, 2020)-->drl, Nine Point Energy, S Missouri 152-103-4-11-8H, Eightmile, 
The graphics:

June 10, 2020:


May 30, 2020:
 

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