Wednesday, March 25, 2020

Sinclair With Three New Permits -- March 25, 2020

DAPL in limbo: federal judge orders full environmental impact study / review of the Dakota Access Pipeline; significant win for the Standing Rock Reservation say some; unclear whether DAPL can continue to operate during the review. Well, this is one way to cap production in the Bakken. CBR still on track (pun intended).

***************************************
Daily Activity Report

Active rigs:

$24.493/25/202003/25/201903/25/201803/25/201703/25/2016
Active Rigs5068604932

Three new permits, #37471 - #37473, inclusive --
  • Operator: Sinclair
  • Field: Lone Butte (McKenzie) (see below)
  • Comments: 
    • Sinclair has permits for a 3-well Saetz Federal pad in NWSE 36-147-98, Lone Butte oil field
One producing well (a DUC) reported as completed:
  • 35438, SI/A, Hess, GO-Elvin Garfield-156-97-1918H-6, Dollar Joe, t--; cum 49K over 49 days; fracked 11/12/19 - 11/20/19; 7.5 million gallons of water; 87.83% water by mass; 0.08462 friction reducer; one of five wells on a 5-well pad; the parent well about a half-mile to the west:
    • 21931, 427, Hess, GO-Elvin Garfield-156-97-1918H-1, Dollar Joe, t6/12; cum 146K 1/20; was off line 2.5 months; production went from 600 bbls/month to 1,500 bbls/month;
******************************
Lone Butte Oil Field

Sinclair has two other producing wells sited in this section, including one targeting the Duperow formation, the other targeting the Bakken. Neither well is particularly remarkable.

Lone Butte oil field is composed of 46 sections, roughly rectangular, straddling the McKenzie-Dunn county border in southeast McKenzie County. It it notably inactive. 

Gasoline Demand -- March 25, 2020


*****************************
Closing The Loop

The pulled pork recipe is outstanding. I made some comments regarding the recipe after making it. It turns out, that after a day of being refrigerated (and then being re-heated, of course) it is outstanding. I would not change the recipe at all. 

Highly, highly recommend toasting the hamburger buns.

**********************************
Cake Baking 101





The Next Big Thing

Page Three

Periodic updates: at this page.

This page won't be updated.


*************************************
2020

Bucc-ees: link here.

Tectonic shift in way Americans shop, work, learn.
Wuhan Flu -- tracked here.

China

Saudi Arabia

Iraq: in a fight for its very survival. 

Western Europe

Canada

Amazon
AAPL
  • first company to reach $1.5 million market cap; Microsoft also at $1.5 million market cap
  • on its radar scope: streaming services company; content company; 
  • on its radar scope: new search engine; break ties with Google
  • on its radar scope: huge wearable medical device company 
  • announced: will make its own chips
  • announced: may make its own graphics card
 TCM

Families: N - Z

Nashville Wells (CLR, Catwalk)

National Parks Pad (Enerplus, Eagle Nest)

Nelson Wells (Oasis, Banks)

Nelson Federal Wells (XTO, Antelope-Sanish)

Nikolai Federal Wells (Oasis, Banks)

ND Levang Wells (QEP, Grail)

ND Winter Wells (Enerplus, Mandaree oil field)

Nordeng Wells (Oasis, Elidah, Banks)

Norfolk Wells (CLR, North Tobacco Garden)

Oakdale Wells (CLR, Jim Creek, along with the Ryden wells; plans to put 24 wells in an existing 5260-acre drilling unit in this area)

Obrigewitch Wells (Whiting, Bell oil field, Stark County, southwestern North Dakota)

Ogden Wells (Whiting, Sanish oil field)

Omlid - Ransom Wells (CLR, Elidah oil field)

Otter Woman Wells (WPX, Mandaree oil field)

Outlaw Gap Wells (BR, Sand Creek)

Outlaw Wagon Wells (BR, Sand Creek)

Oyloe Wells (Oasis, North Tobacco Garden)

P Bibler (Whiting, Epping oil field / Stockyard Creek oil field)

P Earl Rennerfeldt Wells (Whiting, Stockyard Creek, Epping oil field)

P Evitt / Evitt Wells (Whiting, Truax)

P Levang Wells (QEP, Grail oil field)

P Lynch Wells (Whiting, Stockyard Creek / Epping oil fields)

P Pankowski Wells (Whiting, Truax oil field)

P Peterson Wells (Epping oil field)

P Thomas Wells (multiple sections, including: 33-154-98; 10-153-98; 3-153-98; and, 14-154-98)

P Vance, Vance, Vance Federal Wells (KOG, Truax oil field;  T154N R97W)

P Wood Wells (27-154-98, other sections)

Palmer / Palmer Federal (CLR, Haystack Butte)

Panzer Wells (White Butte/Slawson, Stacked Dual Lateral, Antelope oil field)

Pasadena Wells (CLR, Banks oil field)

Patriot Pad (Enerplus, Spotted Horn)

Patsy Wells (Oasis, Siverston wells, sited in 17-151-98; run south to north)

Periot Wells (Whiting, Dollar Joe)

Periscope Federal Wells (Slawson, Van Hook)

Pittsburgh / Uhlman Federal Wells (CLR, Banks)

Pletan Wells (CLR, Pletan-Dvirnak pad, Jim Creek oil field)

Porcupine Federal Wells (XTO, Bear Creek oil field)

Precipitation Pad (Enerplus, Mandaree)

Privratsky Wells (different operators, different fields)

P-R-S-4W Pad (MRO, Reunion Bay) 

Pyramid Wells (Statoil, Williston city limits)

"Quilt Pad" (Enerplus, Mandaree) 

Rachel Wolf Wells (WPX, Squaw Creek)

Radermecher Wells (CLR, Camel Butte)

Raider Wells (BR, Twin Valley)

Ransom - Omlid Wells (CLR, Elidah oild field)

Rath Federal (CLR, Sanish, extended long laterals)

Ravin Wells (Abraxas, North Fork oil field)

Ravin Wells (CLR, Dimmick Lake oil field)

Rebel, Bandit, Snakeeyes Wells (Slawson, Big Bend/Van Hook)

Red, White, and Blue Wells (Kraken, Burg oil field)

Rehak Federal Wells (CLR, Alkali Creek)

Remington Wells (BR, Blue Buttes)

Renegade Wells (BR, Sand Creek)

Rennerfeldt Wells (CLR, Brooklyn, along with Mildred wells) 

Richard Wells (Statoil, Banks, the Cheryl-Richard pad)

Rieckhoff Wells (XTO, North Tobacco Garden oil field)

Rink Wells (XTO, Garden oil field)

Rink / Kermit Wells (BR, Pershing)

River Rat Federal Wells (Slawson, Big Bend)

Riverview Wells (EOG, Antelope oil field)

Riverview Wells (EOG, Clarks Creek oil field)

Rixey Wells (Kraken, Lone Tree Lake)

Rodney / Gale (CLR, Cedar Coulee) 

Roggenbuck / Bartleson / Burr Federal (17-well pad, Whiting, Sanish)

Rolf Wells (CLR, Brooklyn oil field)

Rolfson Wells (Oasis, Siverston; record wells)

Rolfson N Wells (Oasis, Siverston)

Rolfson S Wells (Oasis, Siverston)

Rolla Federal Unit (Whiting, Twin Valley)

Rollefstad Wells (CLR, Antelope oil field, density infill test)

Ruby / Ruby Parshall Wells (WPX, Antelope oil field)

Ruth/Jack Wells (Equinor, East Fork) 

Ryden Wells (CLR, Jim Creek, along with the Oakdale wells; plans to put 24 wells in an existing 5260-acre drilling unit in this area)

Sakakawea Federal Wells (CLR, Elm Creek)

Salers / Salers Federal Wells (CLR, Antelope, Sanish pool)

SC-5WX / SC-4WX Wells (Hess, Banks oil field)

SC-Hoving Wells (Hess, Truax)

Schaffer Wells (Oasis, Epping)

Shenandoah Wells (BR, Keene oil field)

Schettler Wells (XTO, Cedar Coulee)

Shell Wells (EOG, Parshall oil field)

Shepherd Wells (Oasis, Missouri Ridge)

Shepherd Wells (Zavanna, Stony Creek)

Simmental Federal Wells - 1 (CLR, Elm Creek) 

Simmental Wells (Zavanna, Long Creek, east of Williston)

Skaar Federal (Newfield, Sand Creek)

Skaar Federal (Whiting, Twin Valley)

Skarston Wells (Statoil, Banks)

Skunk Creek (Whiting/KOG, South Fork, Heart Butte, Mandaree)

Skybolt Federal Wells (Slawson, Big Bend)

Smokey Wells (Pembroke oil field, in sections 7, 8, 17, 18 - 149-97)

"Snake" Pad (Enerplus, Antelope)

Snakeeyes, Rebel, Bandit Wells (Slawson, Big Bend/Van Hook)

Sorenson Wells (CLR, Alkali Creek)

Sorenson Wells (Petro-Hunt, Union Center, 20 miles northeast of Watford City)

Sorenson Federal Wells (Newfield, Sand Creek)

Sorkness Wells (XTO, Sorkness, Sorkness oil field)

Sovig Wells (Whiting, Arnegard)

Spratley Wells (Oasis, Alkali Creek)

State Wells (QEP, Spotted Horn)

State Weydahl Wells (CLR, Corral Creek)

Stenseth Trust Wells (Whiting, Sanish)

Storm Pad (Enerplus, Mandaree)

Steele Federal (CLR, Banks)

Stranger / Usher Wells (Zavanna, Poe) 

String Instrument Pad (Enerplus, Mandaree oil field)

Stroh Wells (Anschutz/OXY USA; Fayette oil field)

Submariner Federal Wells (Slawson, Big Bend oil field)

Syracuse/Chicago Wells (CLR, Banks) 

Syverson / Gariety Wells (Newfield, Siverston) 

"Tailor Pad" (Enerplus, Mandaree)

Tangsrud Wells (CLR, Hayland, Divide County)

Tarentaise Wells (CLR, Elm Tree)

Tarpon Federal Wells (Whiting, Twin Valley / Sand Creek)

TAT State Federal Wells (XTO, Bear Creek, 36-148-96)

TAT Wells, Section 35-149-95  (QEP, Grail)

Teton / Kings Canyon Wells (BR, Camel Butte oil field)

The Kraken Wells (Kraken Operating, Epping oil field)

Thompson Wells (Petro-Hunt, Charlson oil field)

Thorvald/Cuskelly (CLR, Rattlesnake Point)

Tipi V Wells (QEP, Spotted Horn oil field)

Tom State (XTO, Alkali Creek oil field)

Torpedo Federal Wells (Slawson, Big Bend)

Tortoise/Turtle/Butterfly Pads (Enerplus, Antelope-Sanish) -- incredibly good wells

Two Shields Butte Wells (Rimrock Oil & Gas, Heart Butte oil field)

Uhlman Federal / Pittsburgh Wells (CLR, Banks)

Usher / Stranger Wells (Zavanna, Poe)

Vachal Wells (CLR, Alkali Creek, 27/34-154-94)

Vachal Wells (Equinor, Alger)

Van Hise Trust Wells (Petro-Hunt, Charlson)

Van Hook Wells (EOG, Parshall oil field)

Vardon Wells (CLR, Siverston)

Veeder Wells (BR, Blue Buttes)

Wahpeton Wells (CLR, Banks oil field, early test, high-density infill wells)

Warrior Pad (Enerplus, Spotted Honor, huge wells)

Washburn Wells (BR, Charlson) 

Waterton Wells (BR, Keene)

Wayzetta Wells (EOG, Parshall Oil Field)

Werre Trust Wells (XTO, Bear Creek Field)

West Clark Wells (EOG, Clarks Creek)

Weydahl Wells (CLR, Corral Creek)

Weyrauch Wells (Hess, Robinson Lake)

Whitman Wells (CLR, Oakdale, 34-147-96)

"Wild Flower" Pad (Enerplus, Mandaree oil field)

"Wild Kingdom" Pad (Enerplus, multiple adjoining fields)

Wiley Wells (CLR, Pershing; see also, Bailey)

Wold Wells (Whiting, Banks)

Wold Wells (Whiting, Sand Creek)

Wolverine Federal Wells (Slawson, Elm Tree)

Wood Wells (for "P Wood" wells, see above) (XTO, Whiting/KOG, Truax oil field)

Yellowfin Wells (Newfield, Siverston oil field)

Young Bird Wells (WPX, Spotted Horn)

Zorro Wells (QEP, Grail oil field) 

TEMPORARY POSTINGS

The Skaar Federal, Tarpon Federal, and Flatland Federal wells.  There is no guarantee these postings will stay up "forever" and they certainly may not be updated.

The Whiting Stenseth Trust Wells In Sanish Oil Field

The well:
  • 36325, SI/NC, Whiting, Stenseth Trust 11-5-2H, Sanish, t--; cum 57K over 3.5 months;  
  • from FracFocus: fracked 8/19/19 - 8/25/19; 4.8 million gallons of water; 88.6% water by mass;
The well:
  • 36392, 1,074, Whiting, Stenseth Trust 11-5HU, Sanish, t10/19; cum 77K 1/20; 19 stages; 4.1 million lbs;  
  • from FracFocus: fracked 8/19/19 - 8/25/19; 5.8 million gallons of water; 88.6% water by mass;
The third well on that 3-well pad:
  • 17072, 2,843, Whiting, Stenseth Trust 11-5H, Sanish, t7/08; cum 721K 1/20; no jump in production noted; open hole frack with 1.8 million lbs sand;
Neighboring wells:
  • 20280, 175, Whiting, Strand 11-5TFH, Sanish, t11/11; cum 133K 1/20;
  • 21758, 293, Whiting, Oppeboen 21-5TFH, Sanish, t5/12; cum 131K 1/20; F;
  • 21759, 368, Whiting, Oppeboen 21-5H, Sanish, t3/12; cum 335K 1/20; 
It's possible there was no "halo effect" due to the incredibly small fracks of the new wells.

Daily Note, Morning Edition -- March 25, 2020

Word for the day: koan.
  • definition: paradoxical anecdote or riddle, used in Zen Buddhism to demonstrate the inadequacy of logical reasoning and to provoke enlightenment. 
  • provide a video example: link here (when the video pops up, it might start playing immediately, but you need to click on volume)
  • I could listen to this all day; very, very poetic, from a great philosopher
  • count the number of times he touches his face; puts his fingers to his mouth
Phrase for the day: deep doo-doo.
  • example: Saudi oil at $3/bbl; link here.
  • HFI Research on Twitter: "The market has never faced a paper surplus of 10 mb/d in a month. Instead, shut-ins, displacements and refusal to sell well below cash cost break even going to be the name of the game. Let’s see how Saudis and Russians like it when contango blows out. $15 Brent = $3 for Saudi. https://t.co/8D6RSM1eYy" / Twitter
Saudi Arabia: deaths due to coronavirus double overight; from one death to two deaths. Countries / states to watch:
  • China
  • Italy
  • US: NY, WA, CA, TX
  • Saudi Arabia

Daily local supermarket review:
  • Sophia and I visited two neighborhood markets today: Tom Thumb and Albertson's
  • both were deserted; maybe six customers in each store
  • unlike other days when a huge number of employees were stocking shelves, there was no stocking going on today; very, very concerning;
  • the shelves are becoming more and more bare
  • non-perishable staples were non-existent
  • eggs were unavailable; milk was available
  • most produce available 
  • no butter; a few tubs of margarine
  • memo to self: need to stay ahead of this -- order off Amazon
  • we ordered flour from Amazon yesterday; at doorstep today




Eight Wells Coming Off Confidential List -- March 25, 2020

EIA weekly petroleum report, link here:
  • US crude oil in storage increased by 1.6 million bbls week-over-week
  • US crude oil in storage now at 455.4 million bbls; about 3% below the five-year-average;
  • refiners operating at 87.3% of their capacity; gasoline production decreased last week, averaging 9.0 million bpd (my threshold of interest: 10.0 million bpd)
  • distillate fuel increased last week, averaging 4.8 million bpd (my threshold of interest: 5.0 million bpd)
  • US crude oil imports averaged 6.1 million bopd, down by 422K from the previous week
  • over the past four weeks: imports averaged 6.3 million bopd, 7.0% less than the same four-week period last year 
  • total products supplies: 21.0 million bpd; up by 1.3% from same period last year
  • gas supplied over past four-week period, up by 1.2% from same period last year
  • distillate fuel dropped 5.3% over the past four weeks, compared to same period last year
  • jet fuel supplied was down 8.9% compared with same four-week period last year 
US crude oil imports:
Crude Oil Imports



Week
Week Ending
Raw Data, millions of bels
Change
Week 0
March 11, 2029
6.4
0.174
Week 1
March 18, 2020
6.5
0.127
Week 2
March 25, 2020
6.1
-0.422

Jet fuel supplied:
Jet Fuel Delivered, Change, Four-Week/Four-Week


Week
Week Ending
Change
Week 0
March 11, 2020
-12.80%
Week 1
March 18, 2020
-12.6%
Week 2
March 25, 2020
-8.9%

Re-balancing:
Week
Week Ending
Change
Million Bbls Storage
Week 0
November 21, 2018
4.9
446.9
Week 1
November 28, 2018
3.6
450.5
Week 2
December 6, 2018
-7.3
443.2
Week 3
December 12, 2018
-1.2
442.0
Week 4
December 19, 2018
-0.5
441.5
Week 5
December 28, 2018
0.0
441.4
Week 6
January 4, 2019
0.0
441.4
Week 7
January 9, 2019
-1.7
439.7
Week 8
January 16, 2019
-2.7
437.1
Week 9
January 24, 2019
8.0
445.0
Week 58
January 3, 2020
-11.5
429.9
Week 59
January 8, 2020
1.2
431.1
Week 60
January 15, 2020
-2.5
428.5
Week 61
January 23, 2020
-0.4
428.1
Week 62
January 29, 2020
3.5
431.7
Week 63
February 5, 2020
3.4
435.0
Week 64
February 12, 2020
7.5
442.5
Week 65
February 20, 2020
0.4
442.9
Week 66
February 26, 2020
0.5
443.3
Week 67
March 4, 2020
0.8
444.1
Week 68
March 11, 2020
7.7
451.8
Week 68
March 18, 2020
2.0
453.7
Week 69
March 25, 2020
1.6
455.4

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Back to the Bakken

Active rigs:

$23.873/25/202003/25/201903/25/201803/25/201703/25/2016
Active Rigs5068604932

Wells coming off the confidential list today --

Wednesday, March 25, 2020: 63 for the month; 234 for the quarter, 234 for the year:
  • 36392, 1,074, Whiting, Stenseth Trust 11-5HU, Sanish, t10/19; cum 77K 1/20; 19 stages; 4.1 million lbs; 
  • 36325, SI/NC, Whiting, Stenseth Trust 11-5-2H, Sanish, t--; cum 57K over 3.5 months; 
  • 36308, drl, Freedom Energy Operating, LLC, Oltman's Ocelot 1-21, Wildcat, target: Lodgepole:
  • 36139, 1,054, Whiting, Oppeboen 12-5-4H, Sanish, t10/19; cum 83K 1/10;
  • 34602, conf, MRO, Gerhardt USA 14-21H, Reunion Bay,
  • 34598, drl, MRO, Hanlon USA 11-28TFH, Reunion Bay,
  • 28113, drl, Slawson, Sniper Federal 6-6-7TFH, Big Bend,

Tuesday, March 24, 2020: 56 for the month; 227 for the quarter, 227 for the year:
  • 34395, drl, White Butte Oil Operations, LLC, Jore Federal 9-12TFH, Clarks Creek,
RBN Energy: Gulf of Mexico crude oil productions braced for price / coronavirus storm.
In the stormiest market environment for crude oil in many years, it’s hard to find a spot where the sailing is smooth. If even-keel conditions exist anywhere in the oil-producing world today, it might be the offshore Gulf of Mexico, where producer decisions to invest in new platforms or subsea tiebacks are based on very long-term oil-price expectations and the production, once initiated, is steady. In the second half of the 2010s, Gulf producers significantly reduced the average breakeven prices needed to justify their most promising new investments — from more than $55/bbl back in 2015 to less than $35/bbl today. Given what’s happened to crude oil prices the past few days, however, it’s logical to wonder whether any of even the best prospective Gulf of Mexico projects will be sanctioned this year. Today, we discuss how cost-cutting and efficiency improvements have made the offshore Gulf a comparatively steady, growing base of U.S. crude oil production that so far has been less vulnerable than shale output to oil-price gyrations.