Sunday, January 26, 2020

WTI Falls Almost 3% -- Now Below $53 --January 26, 2020


**********************************
Accidental High Dividend Payers

We will see tomorrow.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

CLR Looking To Put 22 Wells In One Drilling Unit -- January 26, 2020

February, 2020, hearing dockets at this link

The case:
  • 28293, CLR, Elm Tree-Bakken and/or Antelope-Sanish; i) an overlapping 1280-acre unit, sections 28/33-153-93; two wells; ii) an overlapping 2560-acre unit; sections 28/33-153-93 and sections 1/12-152-94, 22 wells on said overlapping 2560-acre unit; Mountrail and McKenzie counties;
Graphic:

There are two extended long laterals (3-section long horizontals) in this area, running north from the south:
  • 35542, TD = 27,066 feet; spacing unit: S1, 2, 11, 12 13 & 14 - T152N R94W; 3840-acre unit; middle Bakken; 67 stages; 16.1 million lbs; 2,587, Bruin, Fort Berthold 152-94-14D-2-13H3; t6/19; cum 233K 11/19;
  • 35541, TD= 27,112 feet; spacing unit: S1, 2, 11, 12 13 & 14 - T152N R94W; 3840-acre unit; 67 stages; 13.44 million lbs; Three Forks B1; 2,539, Bruin, Fort Berthold 152-94-14D-2-15H3; t5/19; cum 214K 11/19;

Notes From All Over, Part 1 -- January 26, 2020

I'm watching our oldest granddaughter play in local water polo tournament, so I'm not watching TCM or the PGA golf tournament at the moment.

But I checked in, curious how Tiger Woods was doing. The leaderboard says he has moved up "two," tied at twelfth. I thought he was tied at 8th at the end of the third round, but perhaps I was wrong. Whatever.

Through eight holes, he is down one for the day, eight strokes below par for the tournament, halfway through the fourth round.

The current leader, Marc Leishman, jumped six positions to take sole possession of first place, 13 strokes under par. Through the same number of holes as Tiger today, Marc has shot five strokes under; Woods has shot one stroke under. And all the television commentary will be on Tiger Woods.

*********************************
CO2 And Oceanic Reefs

All these years we were told how dangerous CO2 was for oceanic reefs.

Now this, from UT News:
Diving 200 feet under the ocean surface to conduct scientific research can lead to some interesting places. For University of Texas at Austin Professor Bayani Cardenas, it placed him in the middle of a champagne-like environment of bubbling carbon dioxide with off-the-chart readings of the greenhouse gas.

Cardenas discovered the region – which he calls “Soda Springs” – while studying how groundwater from a nearby island could affect the ocean environment of the Verde Island Passage in the Philippines. The passage is one of the most diverse marine ecosystems in the world and is home to thriving coral reefs.

The amazing bubbling location, which Cardenas captured on video, is not a climate change nightmare. It is linked to a nearby volcano that vents out the gases through cracks in the ocean floor and has probably been doing so for decades or even millennia. However, Cardenas said that the high CO2 levels could make Soda Springs an ideal spot for studying how coral reefs may cope with climate change. The site also offers a fascinating setting to study corals and marine life that are making a home among high levels of CO2.

The scientists measured CO2 concentrations as high as 95,000 parts per million (ppm), more than 200 times the concentration of CO2 found in the atmosphere. The readings range from 60,000 to 95,000 and are potentially the highest ever recorded in nature. The CO2 levels fall quickly away from the seeps as the gas is diluted in the ocean, but the gas still creates an elevated CO2 environment along the rest of the coastline of the Calumpan Peninsula, with levels in the 400 to 600 ppm range.

Cardenas is a hydrologist and not an expert on reef systems. He discovered Soda Springs while researching whether groundwater from the nearby land could be discharging into the submarine ocean environment, which is a phenomenon that is generally ignored by scientists looking at the water cycle, Cardenas said.
******************************
His Royal Hypocrisy

Meanwhile, over in Europe:

Another Nice CLR Well In Brooklyn Oil Field Coming Off Confidential List This Next Week -- January 26, 2020

The Brooklyn oil field wells are tracked here.

Another nice Brooklyn oil field well is coming off confidential list this week:
  • 35563, conf, CLR, Gjorven 12-21HSL, Brooklyn,

DateOil RunsMCF Sold
11-20194405688871
10-20194435076587
9-20191850224105
8-20199630
7-20191100

Two CLR Boulder Federal Wells Coming Off Confidential List This Week -- January 26, 2020

Two CLR Boulder Federal wells coming off confidential list this week.

See production data for the "original" CLR Boulder well

The wells:
  • 32110, 2,993, CLR, Boulder Federal 9-4H1, Banks, t9/19; cum 180K 3/20;
DateOil RunsMCF Sold
11-20192856048129
10-20194341867461
9-20193543550952
7-201913160
  • 32109, 3,350, CLR, Boulder Federal 8-4H, 43 stages; 13.2 million lbs; Banks, t9/19; cum 248K 3/20; a 64K month, followed by a 47K month; see this post;
DateOil RunsMCF Sold
11-20194705277433
10-20196319187167
9-20192520228710
7-201912970

Graphic:



Other wells in the graphic:
  • 35774, 3,111, CLR, Boulder 10-4H, Banks ,t9/19; cum 145K 3/20;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-2019263381434370219616743567159276
BAKKEN10-20193141547409942951272140675724568
BAKKEN9-201916356023549324764557363475620980
BAKKEN8-20190000000
BAKKEN7-20194135113514082220302203
  • 35775, 1,996, CLR, Boulder 11-4H1, Banks, t9/19; cum 145K 3/20;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20193026774269042748547371450552316
BAKKEN10-20193140514400444308663772595734199
BAKKEN9-20191518016177322296628188231665022
BAKKEN8-20190000000
BAKKEN7-201947777776114152801528
  • 21511, 906, CLR, Boulder 1-4H, Banks, t4/12, cum 374K 3/20; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-201930377436256235832276920
BAKKEN10-20192641814196688065445939100
BAKKEN9-20199211721484458274426120
BAKKEN8-2019266580648417442892271351241
BAKKEN7-20196367247158063420523
BAKKEN6-201941882872883743110
BAKKEN5-20192914071200139344893703179
BAKKEN4-201920341585450140295033
BAKKEN3-2019315996645982332160675

  • 30206, 765, CLR, Boulder 3-4H1, Banks, t6/15; cum 234K 3/20;
  • 30205, 1,542, CLR, Boulder 2-4H, Banks, t6/15; cum 291K 3/20;

Initial Production Data For Wells Coming Off Confidential List This Next Week -- January 26, 2020

35856, conf, XTO, FBIR Bird 21X-19A, Heart Butte, no production data,

35098, conf, Oasis, Kellogg Federal 5297 12-30 6T, Banks,

DateOil RunsMCF Sold
11-20192401160240
10-20192367150675
9-201951787255
 
35047, conf, XTO, Johnson Trust Federal 21X-6EXH-N, Elidah, no production data,

35885, conf, Liberty Resources, Paige 158-93-19-18-3MBH, East Tioga,

DateOil RunsMCF Sold
11-20191431816334
10-20192133222162
9-20191799420581
8-20191997022314

35855, conf, XTO, FBIR Bird 21X-19E, Heart Butte, no production data,

35655, conf, Lime Rock Resources, Neal 5-33-28H-144-95L, Murphy Creek,

DateOil RunsMCF Sold
11-201978852912
10-201999573816
9-2019142885594
8-2019142682599

35116, conf, Oasis, Kellogg Federal 5297 11-30 5T, Banks,

DateOil RunsMCF Sold
11-20192514657773
10-20193637367430
9-2019241157
8-201915454251

30189, conf, Oasis, Lewis Federal 5300 11-31 2B, Baker,

DateOil RunsMCF Sold
11-20192452321789
10-20192879324524
9-20191534714877
8-20191946718387

35854, conf, XTO, FBIR Bird 21X-19B, Heart Butte, no production data,

35853, conf, XTO, FBIR Bird 21X-19F, Heart Butte, no production data,

22575, conf, Enerplus, Acadia 148-95-02A-11H TF, Eagle Nest, no production data, 

35957, conf, Whiting, Cayko 21-22HU, Dore ,

DateOil RunsMCF Sold
11-2019178811962
10-20192099711719
9-2019103557992
8-2019174918362
7-20199892

35852, conf, XTO, FBIR STephen 21X-19A, Heart Butte, no production data,

35115, conf, Oasis, Kellogg Federal 5297 11-30 5T, Banks,

DateOil RunsMCF Sold
11-20192479765057
10-20191614233511
9-2019180
8-2019196687

34967, conf, CLR, Rader 11-24H1, Avoca,

DateOil RunsMCF Sold
11-20191582918721
10-20191888920719
9-20191789817129
8-20192361726971
7-201933493268

32109, conf, CLR, Boulder Federal 8-4H, Banks, tracked here;

DateOil RunsMCF Sold
11-20194705277433
10-20196319187167
9-20192520228710
7-201912970

36467, conf, WPX, Skunk Creek 23-14HT, Mandaree, no production data,

36025, conf, Whiting, White 43-33-2TFH, Sanish, producing,

35851, conf, XTO, FBIR Stephen 21X-19E, Heart Butte, no production data,

35850, conf, XTO, FBIR Stephen 21X-19B, Heart Butte, no production data,

32110, conf, CLR, Boulder Federal 9-4H1, Banks, tracked here;

DateOil RunsMCF Sold
11-20192856048129
10-20194341867461
9-20193543550952
7-201913160

36466, conf, WPX, Skunk Creek 23-14HD, Mandaree, no production data,

35886, conf, Liberty Resources Management, Morgen 158-93-20-17-2TFH, East Tioga,

DateOil RunsMCF Sold
11-20191033311766
10-20191456215326
9-20191274913929
8-2019112438567
7-20194760

35619, conf, Whiting, Fladeland 44-9-3H, Sanish,

DateOil RunsMCF Sold
11-20191836835892
10-20192161624751
9-20192016810684
8-2019135830
7-2019890

35955, conf, Whiting, Cayko 21-22-3H,  Dore,

DateOil RunsMCF Sold
11-2019204882470
10-20191686510224
9-2019102075863
8-20193267016242
7-201915103

35849, conf, XTO, FBIR Stephen 21X-19F, Heart Butte, no production data,

35956, conf, Whiting, Cayko 21-22-2H, Dore,

DateOil RunsMCF Sold
11-2019187862285
10-2019112406211
9-2019134688284
8-2019140307995
7-2019220

35563, conf, CLR, Gjorven 12-21HSL, Brooklyn, the Brooklyn oil field wells are tracked here;

DateOil RunsMCF Sold
11-20194405688871
10-20194435076587
9-20191850224105
8-20199630
7-20191100

35459, conf, CLR, Weisz 4-11H, Pleasant Valley,

DateOil RunsMCF Sold
11-20192940336611
10-20191319311432
7-20191280

36259, conf, WPX, Mandaree Warrior 14-11HS, Squaw Creek, no production data,

Wells Coming Off The Confidential List This Next Week -- January 26, 2020

Monday, February 3, 2020: 8 for the month; 115 for the quarter, 115 for the year:
35856, conf, XTO, FBIR Bird 21X-19A, 
35098, conf, Oasis, Kellogg Federal 5297 12-30 6T
35047, conf, XTO, Johnson Trust Federal 21X-6EXH-N,

Sunday, February 2, 2020: 5 for the month; 112 for the quarter, 112 for the year:
35885, conf, Liberty Resources, Paige 158-93-19-18-3MBH, 
35855, conf, XTO, FBIR Bird 21X-19E, 
35665, conf, Lime Rock Resources, Neal 5-33-28H-144-95L, 
35116, conf, Oasis, Kellogg Federal 5297 11-30 5T
30189, conf, Oasis, Lewis Federal 5300 11-31 2B,

Saturday, February 1, 2020: 0 for the month; 107 for the quarter, 107 for the year:
None.

Friday, January 31, 2020: 107 for the month; 107 for the quarter, 107 for the year:
35854, conf, XTO, FBIR Bird 21X-19B, 
35853, conf, XTO, FBIR Bird 21X-19F,
22575, conf, Enerplus, Acadia 148-95-02A-11H TF,

Thursday, January 30, 2020: 104 for the month; 104 for the quarter, 104 for the year:
35957, conf, Whiting, Cayko 21-22HU, 
35852, conf, XTO, FBIR STephen 21X-19A, 
35115, conf, Oasis, Kellogg Federal 5297 11-30 5T
34967, conf, CLR, Rader 11-24H1,
32109, conf, CLR, Boulder Federal 8-4H,

Wednesday, January 29, 2020: 99 for the month; 99 for the quarter, 99 for the year:
36467, conf, WPX, Skunk Creek 23-14HT
36025, conf, Whiting, White 43-33-2TFH
38581, conf, XTO, FBIR Stephen 21X-19E, 
35850, conf, XTO, FBIR Stephen 21X-19B,
32110, conf, CLR, Boulder Federal 9-4H1,

Tuesday, January 28, 2020: 94 for the month; 94 for the quarter, 94 for the year:
36466, conf, WPX, Skunk Creek 23-14HD,
35886, conf, Liberty Resources Management, Morgen 158-93-20-17-2TFH,
35619, conf, Whiting, Fladeland 44-9-3H,

Monday, January 27, 2020: 91 for the month; 91 for the quarter, 91 for the year:
35955, conf, Whiting, Cayko 21-22-3H, 
35849, conf, XTO, FBIR Stephen 21X-19F,

Sunday, January 26, 2020: 89 for the month; 89 for the quarter, 89 for the year:
35956, conf, Whiting, Cayko 21-22-2H,
35563, conf, CLR, Gjorven 12-21HSL, 
35459, conf, CLR, Weisz 4-11H,

Saturday, January 25, 2020: 86 for the month; 86 for the quarter, 86 for the year:
36259, conf, WPX, Mandaree Warrior 14-11HS,