Recently Fracked Newfield Goliath Wells In Siverston Oil Field -- January 7, 2020

Updates

September 25, 2021: only the production totals were updated; operator update, from Newfield to Ovintiv.

Original Post 

This well runs up from the opposite direction in between these recently fracked wells.

Recently fracked wells.

• 35573, 1,285, Ovintiv/Newfield, Goliath 150-98-5-8-5H, Siverston, t5/19; cum 205K 10/20; cum 238K 7/21;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2019	30	11700	11782	10917	46602	45758	844
BAKKEN	10-2019	31	15692	15534	13434	49192	39145	10047
BAKKEN	9-2019	30	12274	12308	10359	45948	24243	21705
BAKKEN	8-2019	31	19049	19071	16240	61030	27772	33258
BAKKEN	7-2019	31	18751	18747	21458	65017	21414	43603
BAKKEN	6-2019	30	24218	24335	24749	60835	30375	30460
BAKKEN	5-2019	31	30973	31401	31145	68566	62382	6184
BAKKEN	4-2019	6	4649	3819	242	7811	7811	0

• 35389, 1,427, Ovintiv/Newfield, Goliath 150-98-5-8-6H, Siverston, t5/19; cum 215K 10/20; cum 244K 7/21;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2019	30	14698	14785	18671	64425	63259	1166
BAKKEN	10-2019	31	19111	18944	20247	62801	49975	12826
BAKKEN	9-2019	30	16324	16389	16644	58773	31010	27763
BAKKEN	8-2019	31	26693	26717	27105	88973	40487	48486
BAKKEN	7-2019	31	25815	25790	33154	95542	31468	64074
BAKKEN	6-2019	30	31699	31418	39260	76368	38130	38238
BAKKEN	5-2019	7	7097	7203	8969	11387	10360	1027
BAKKEN	4-2019	5	1111	913	66	1032	1032	0

• 35574, 658, Ovintiv/Newfield, Goliath 150-98-5-8-11H, Siverston, t5/19; cum 143K 10/20; cum 169K 7/21;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2019	30	11988	11972	16860	20173	19808	365
BAKKEN	10-2019	31	12105	11981	17793	22989	18294	4695
BAKKEN	9-2019	30	9348	9298	13352	15290	8067	7223
BAKKEN	8-2019	26	9034	8969	16026	14132	6431	7701
BAKKEN	7-2019	12	4039	4185	9163	16200	5336	10864
BAKKEN	6-2019	30	17626	17678	39767	41206	20574	20632
BAKKEN	5-2019	31	19981	20009	51006	47704	43402	4302
BAKKEN	4-2019	3	1611	1323	108	2296	2296	0

• 35516, 1,008, Ovintiv/Newfield, Dahl 150-98-5-8-12H, Siverston, t4/19; cum 209K 10/20; cum 234K 7/21;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2019	30	10616	10536	20766	34852	20773	13854
BAKKEN	10-2019	31	18631	18626	30073	58078	27753	30056
BAKKEN	9-2019	29	3782	3982	8802	24061	23821	0
BAKKEN	8-2019	31	20116	20201	31006	51253	38870	12104
BAKKEN	7-2019	31	20264	19983	34654	51277	0	50998
BAKKEN	6-2019	30	26464	26577	43658	53552	3	53306
BAKKEN	5-2019	29	25970	26002	57383	48306	44881	3177
BAKKEN	4-2019	27	26106	25319	62305	64713	50798	13672

Huge Jump In Production After Neighboring Wells Fracked -- Newfield Wells -- Siverston -- January 7, 2020

This well was fracked back in 2013. It was not re-fracked. It is neighboring recently-fracked wells.

The well:

• 26305, 1,715, Newfield, Holm 150-98-8-5-4HR, Siverston, t12/13; cum 251K 11/19;

Recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2019	30	2922	3060	2462	6942	6513	159
BAKKEN	10-2019	31	3466	3313	3593	7810	5116	2415
BAKKEN	9-2019	30	4992	5048	4748	9347	8907	170
BAKKEN	8-2019	27	4813	4821	4652	9525	8021	1267
BAKKEN	7-2019	27	6222	6267	5993	11241	9161	1840
BAKKEN	6-2019	30	11134	11552	11298	21980	10733	10977
BAKKEN	5-2019	7	1694	1168	1642	3089	1371	1693
BAKKEN	4-2019	3	37	137	168	23	21	0
BAKKEN	3-2019	2	4	2	3	0	0	0
BAKKEN	2-2019	11	773	796	355	2216	2100	21
BAKKEN	1-2019	31	1910	1849	1263	4320	3769	272
BAKKEN	12-2018	31	1967	1946	1262	4383	4092	17
BAKKEN	11-2018	30	2093	2135	1501	4730	4337	124
BAKKEN	10-2018	31	2710	2706	2024	5140	3657	1204

Just Saying -- January 7, 2020

Looking at a number of "things" across the internet and on Fox News tonight, this might be an interesting night to go down to one of the main gates of the Pentagon and count the number of pizza delivery trucks dropping off pizzas.

The Newfield Hoffman Wells In Siverston Oil Field

Updates

March 17, 2020: production data has been updated.

Original Post

 

Five Hoffman wells recently reported by Newfield:

• 36366, 1,906, Newfield, Hoffman 150-98-17-20-6H, Siverston, t11/19; cum 57K over 28 days;
• 36367, 2,490, Newfield, Hoffman 150-98-17-20-10HLW, Siverston, t11/19; cum 36K over 17 days;
• 36368, 560, Newfield, Hoffman 150-98-17-20-5HLW, Siverston, t11/19; cum 2K over 9 days;
• 36369, 2,397, Newfield, Hoffman 150-98-19-5H, Siverston, t11/19; cum 16K over 13 days;
• 36370, 2,022, Newfield, Hoffman 150-98-18-19-10H, Siverston, t11/19; cum 22K over 20 days;

Neighboring well to the east:

• 25825, 1,751, Newfield, Holm 150-98-17-20-3H, Siverston, t1/14; cum 260K 1/20; perhaps a subtle jump but not particularly notable; off line for less than a month;

Three wells to the west (see production data at this post):

• 24996, 1,541, Newfield, Lawlar ... perhaps a subtle jump but not particularly notable; off line for less than a month;
• 24998, 1,565, Newfield, Lawlar ...no jump in production;
• 24997, 1,820, Newfield, Lawlar ...no jump in production;

********************************************

• #36366, production profile:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2019	28	57237	56628	121699	100724	0	100724

57,237 bbls over 28 days extrapolates to 61,325 bbls over 30 days.

From the file report:

• spud date: June 26, 2019
• TD: 21,500' MD
• TD: September 1, 2019
• middle Bakken
• curve landed: July 7, 2019
• total drilling hours: 134.8 hours
• middle Bakken target window: 18'
• in the target window for 95.64% of the lateral

Frack data not posted at NDIC yest.

FracFocus, link here:

• 9.117 million gallons of water
• 91.36% water by mass 

********************************************

• #36367, production profile:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2019	17	36086	35888	86192	68951	0	68951

36,086 bbls over 17 days extrapolates to 63,681 bbls over 30 days.

XTO With Five New Permits; Another Nice Draw In Crude Oil Inventory -- API -- January 7, 2020

API weekly crude oil data, link here, report released at 16:30 ET:

• previous (previous week): a draw of 7.8 million bbls (API figure)
• EIA forecasts a drop of 3.6 million bbls when it reports tomorrow;
• API report released today, actual inventory: a draw of 5.945 million bbls;
• price of oil moved little today
• some say the relatively large draw in crude oil was offset by a huge build in gasoline supplies;
• we'll see all that EIA data tomorrow

**********************************

Back to the Bakken

Active rigs:

$62.70	1/7/2020	01/07/2019	01/07/2018	01/07/2017	01/07/2016
Active Rigs	56	64	54	39	54

Six new permits, #37310 - #37315, inclusive --

• Operators: XTO (5); MRO
• Fields: North Fork (McKenzie); Killdeer (Dunn)
• Comments: 
• XTO has permits for a 5-well Wolff Federal pad in section 24-149-98, Haystack Butte oil field;
• MRO has a permit for a single Gunter well in section 9-145-94, Killdeer oil field;

Two permits renewed:

• CLR: two Entzel permits, both in Dunn County

Fifteen (15) producing wells (DUCs) reported as completed:

• 35259, 3,103, Hess, BB-Olson-150-95-09H-8, Blue Buttes, t11/19; cum 14K over 6 days;
• 34880, 3999, Hess, AN-Norby-152-94-0409H-6, Antelope-Sanish, t11/19; cum 10K over 7 days;
• 34881, 3,544, Hess, AN-Norby-152-94-0409H, Antelope-Sanish, t11/19; cum 23K over 13 days;
• 35335, 2,030, Hess, EN-Ruland A-155-94-1201H-4, Manitou, t12/19; cum --;
• 35337, 1,062, Hess, EN-Dobrovolny A-LE-155-94-1319H-1, Alger, t11/19; cum 7K over 8 days;
• 31500, 1,371, Petro-Hunt, USA 153-95-1B-7-7H, Charlson, t12/19; cum --;
• 31499, 1,660, Petro-Hunt, USA 153-95-1B-7-6H, Charlson, t12/19; cum --;
• 31497, 1,657, Petro-Hunt, USA 153-95-1B-7-4H, Charlson, t12/19; cum 13K over 10 days;
• 36366, 1,906, Newfield, Hoffmann 150-98-17-20-6H, Siverston, t11/19; cum 57K over 28 days;
• 36368, 560, Newfield, Hoffmann 150-98-17-20-5HLW, Siverston, t11/19; cum --;
• 36369, 2,397, Newfield, Hoffmann 150-98-18-19-5H, Siverston, t11/19; cum 16K over 13 days;
• 36367, 2,490, Newfield, Hoffmann 150-98-17-20-10HLW, Siverston, t11/19; cum 36K over 17 days;
• 36370, 2,022, Newfield, Hoffmann 150-98-18-19-10H, Siverston, t11/19; cum 22K over 20 days;
• 36316, 35, PetroShale, Anderson North 1MBH, Croff, t9/19; cum 24K over 26 days;
• 36317, 584, PetroShale, Anderson North 1TFH, Croff, t10/19; cum 14K over 25 days;

Notes From All Over, Part 1 -- January 7, 2020

US trade deficit plunges to more than 3-year low. No link. Easily found. The trade deficit is on track for first annual decline since 2013.

• Bernie: resist!
• Buttigieg: change course!
• Biden: WTF just happened?
• Hillary: re-calculating, re-calculating, re-calculating ...

Daily Activity Report From Monday, January 7, 2020, Has Been Posted

Equinor reported completion of nine DUCs in yesterday's daily activity report. None were remarkable.

Eleven permits were renewed:

• Equinor (6): five Pyramid permits in Williams County; one Hawkeye permit in Williams County;
• EOG (4): four Clarks Creek permits, McKenzie County
• Whiting: one Wold permit in McKenzie County

Minnesota Has Global Warming Under Control -- January 7, 2020

It looks like Minnesota has global warming under control.

Looks like it was about 2 degrees cooler than usual. One would think by now, with CO2 as high as it is, average temperatures would keep going up. Perhaps they moved the thermometers to the cooler parts of the state.

Damn The Torpedoes -- Full Speed Ahead -- CLR -- January 7, 2020

This is simply a random graphic of a few square miles in the Bakken, January 7, 2020:

See this post for further information.

The Staggering Bakken -- CLR's Florida 3-11H -- Camp Oil Field -- January 7, 2020

Wells of interest.

Remember this one?

• 21977, Florida, CLR, Camp oil field; updated;

The Florida and Florida Federal wells are tracked here.

The well:

•  21977, 1,016, CLR, Florida 3-11H, Camp, middle Bakken, thickness of 40 feet; trip gas maxed out at about 8500 units; 38 stages, 3.4 million lbs, total days, 16; 2560-acre spacing; t1/13; cum 434K 8/17; on pump 6/10/14; this well was not re-fracked; full production profile at this post;
  

Production periods of interest:

• after original (and only frack to date), maximum monthly production: 3/13 -- 21,3679 bbls
• 9/14, full month: 5,000 bbls
• four months later, 1/15, full month: 12,000 bbls
• 11/16, full month: 3,000 bbls
• less than one year later, 6/17, full month: 27,000 bbls:

Production profile, 2016 - 2017:

BAKKEN	10-2017	14	7272	7481	3477	11030	10821	22
BAKKEN	9-2017	27	16016	16113	10452	24804	24048	380
BAKKEN	8-2017	31	20527	20364	12078	29845	28575	839
BAKKEN	7-2017	31	25414	25768	14166	37116	36375	269
BAKKEN	6-2017	29	27095	26749	24664	32161	29515	2207
BAKKEN	5-2017	30	20315	20535	23855	23856	10977	12435
BAKKEN	4-2017	30	17047	16919	18489	13999	4631	8908
BAKKEN	3-2017	16	3594	3107	8636	4295	1164	2907
BAKKEN	2-2017	0	0	5	0	0	0	0
BAKKEN	1-2017	2	94	235	36	134	116	1
BAKKEN	12-2016	28	2324	2345	1006	3018	2368	257
BAKKEN	11-2016	30	2921	2959	1482	4569	3887	220
BAKKEN	10-2016	30	3187	3118	1371	4688	4232	0

Production profile, following initial frack back in 2013:

BAKKEN	1-2014	31	11056	10466	3513	19590	19581	9
BAKKEN	12-2013	31	12324	12573	3917	20049	20035	14
BAKKEN	11-2013	30	11774	11647	3563	16043	16021	22
BAKKEN	10-2013	31	13086	13060	3494	17763	17639	124
BAKKEN	9-2013	30	8724	8907	2799	11233	11203	30
BAKKEN	8-2013	31	12587	12241	4055	16562	16519	43
BAKKEN	7-2013	31	11220	11320	3809	14614	14521	93
BAKKEN	6-2013	30	13784	13834	4140	18079	17975	104
BAKKEN	5-2013	31	15829	16025	4281	21238	21192	46
BAKKEN	4-2013	30	16322	16606	4138	20660	17443	3217
BAKKEN	3-2013	31	21379	21257	4925	26081	25247	834
BAKKEN	2-2013	19	19265	18425	7468	25960	20975	4985
BAKKEN	1-2013	7	1018	942	7129	1876	0	1876

US Crude Oil Exports -- Up Over 30% Week-Over-Week The Last Week Of 2019

Link here.

First this comment: the "pie" week-over-week was about the same -- the "pie" being the total global demand for petroleum.

So, these are the questions that need to be asked:

• why the 31% increase in US crude oil exports, week-over-week?
• was it an anomaly or will it be sustained?
• if the "pie" is relatively unchanged, whose slice of the pie got a lot smaller?
• don't say Venezuela, Mexico, Libya, Iran, etc: those countries have been under the "gun" for several years now
• or, are some buyers (e.g., China) stockpiling; was there a huge demand last week as we closed out the year; China, others expecting much higher prices going forward?
• was it simply an anomaly -- it doesn't take many VLCC to account for a jump in exports?
• do the Permian pipelines / new export terminals along the Texas/Louisiana coast explain it?
• global refineries now prefer light, sweet oil?
• IMO 2020?
• are we exporting raw materials so that other countries can refine it and sell the refined products at a premium? Is the US missing a refining opportunity? Think exporting cotton to England where they made textiles to sell back to the colonies

About That Huge US Crude Oil Draw Last Week -- January 7, 2020

Comments, questions, observations at this link.

About that huge crude oil draw last week: from a reader --

That big draw was due to record exports...a blowout, too: almost 900K bpd higher than the previous record.

https://rjsigmund.files.wordpress.com/2020/01/january4th2020usoilexportsasofdecember27.jpg

Comment: I completely missed it. And I bet most Americans completely missed it. From the EIA, monthly and weekly exports:

Reader Explains Huge Draw Last Week -- January 7, 2020

NDIC did not post the daily activity report yesterday, Monday, January 7, 2020. 

Dueling banjos:

• Harold Hamm: "oil" to rise to $75/bbl within next six months.
• Goldman Sachs: oil rally to be short-lived

About that huge crude oil draw last week: from a reader --

That big draw was due to record exports...a blowout, too: almost 900K bpd higher than the previous record.

https://rjsigmund.files.wordpress.com/2020/01/january4th2020usoilexportsasofdecember27.jpg

Comment: I completely missed it. And I bet most Americans completely missed it. From the EIA, weekly exports: too many graphics -- will move to stand-alone post.

**********************************

Back to the Bakken

Active rigs:

$62.94	1/7/2020	01/07/2019	01/07/2018	01/07/2017	01/07/2016
Active Rigs	56	64	54	39	54

Two wells coming off confidential list today: Tuesday, January 7, 2019, 23 for the month; 23 for the quarter; 23 for the year:

• 34364, conf, Petro Harvester, FLX4 17-18 163-90 H, 
• 33186, conf, BR, Franklin 34-36MBH,

RBN Energy: the 2020 outlook for Permian oil and gas markets.

With 2020 already in full swing, some things in the Permian Basin’s oil and natural gas markets have changed dramatically since this time last year, others not so much. When it comes to crude oil, new pipelines that came online during 2019 had a huge impact on differentials: Permian barrels are now pricing very close to other regional hubs, versus massive discounts a year ago.

That has enabled Permian producers to fully benefit from the recent run-up in global oil prices. On the gas side of things, the start of the new decade won’t look much different than the end of the last one. There is still way too much supply and not enough takeaway capacity. That means that regardless of what happens at Henry Hub, the U.S. benchmark for natural gas prices, Permian producers should expect dismal values for their natural gas in 2020. Today, we take a look at the year ahead for Permian producers.

Notes From All Over, Part 1 -- January 7, 2020

Oh, let's start with this one -- it got CNN's attention. LOL.

Link here.

On impeachment: great op-ed. Senator Mike Lee -- "the Senate is not a jury." Google it over at Fox News. Helps me understand the process.

Article I, Section 3, Clause 6 of the Constitution does state that senators “shall be on Oath or Affirmation” when trying an impeachment. And that oath includes the promise to “do impartial justice according to the Constitution and laws,” similar to the oath taken by ordinary juries.

But Article III, Section 2, Clause 3 specifically sets impeachment apart from jury trials, providing that “The trial of all crimes, except in cases of impeachment, shall be by jury.”

Why does the Constitution specifically separate juries from impeachment?

Because the authors of the Constitution knew impeachment – for good or ill – was an inherently political act. James Wilson, one of the nation’s first Supreme Court justices and one of the principal architects of the Constitution, described impeachment as “confined to political characters, to political crimes and misdemeanors, and to political punishments.”

On the Democrats and Iran: great op-ed. Senator Joe Lieberman, WSJ. He begins:

President Trump’s order to take out Qasem Soleimani was morally, constitutionally and strategically correct. It deserves more bipartisan support than the begrudging or negative reactions it has received thus far from my fellow Democrats.

The president’s decision was bold and unconventional. It’s understandable that the political class should have questions about it. But it isn’t understandable that all the questions are being raised by Democrats and all the praise is coming from Republicans. That divided response suggests the partisanship that has infected and disabled so much of U.S. domestic policy now also determines our elected leaders’ responses to major foreign-policy events and national-security issues, even the killing of a man responsible for murdering hundreds of Americans and planning to kill thousands more.