A QEP Moberg Well To Reach 500K This Summer -- May 16, 2020

The well:

• 22194, 1,248, QEP/Helis, Moberg 13-17/16H, Grail, t2/13; cum 497K 3/20;

An Old MRO Well With A Nice Jump In Production -- May 16, 2020

The well:

• 18253, 344, MRO, State Ralph Howard 31-16H, Bailey, t1/10; cum 367K 3/20;

Production: this well was drilled back in 2010. Look at the jump in production in 2015, five years later. There is no neighboring activity that would obviously affect this well. Hubbert's peak oil theory says this is not supposed to happen. Production period of interest:

BAKKEN	5-2016	31	4902	4941	2946	3146	808	1630
BAKKEN	4-2016	30	5116	5174	3561	3265	1908	630
BAKKEN	3-2016	31	5530	5606	3822	3556	1950	828
BAKKEN	2-2016	29	5405	5191	3189	3450	945	1759
BAKKEN	1-2016	31	6133	6225	3498	3980	1946	1192
BAKKEN	12-2015	31	6453	6555	6563	4117	665	2582
BAKKEN	11-2015	30	6318	6410	4969	3925	469	2614
BAKKEN	10-2015	31	7529	7136	4890	4833	1050	2791
BAKKEN	9-2015	29	5986	5980	3344	3886	415	2689
BAKKEN	8-2015	31	7904	8059	4351	4961	891	3042
BAKKEN	7-2015	31	8311	8383	4473	5342	20	4251
BAKKEN	6-2015	30	7337	7536	3819	4717	98	3656
BAKKEN	5-2015	31	12970	12535	8607	8310	19	6743
BAKKEN	4-2015	21	7682	7901	4393	4970	0	4004
BAKKEN	3-2015	31	11524	11546	6805	7410	0	5995
BAKKEN	2-2015	10	6296	5993	1232	3920	477	2714
BAKKEN	1-2015	0	0	0	0	0	0	0
BAKKEN	12-2014	12	358	455	133	271	0	161
BAKKEN	11-2014	30	962	915	351	712	29	401
BAKKEN	10-2014	31	972	1147	402	724	16	418
BAKKEN	9-2014	30	1070	920	418	773	44	434
BAKKEN	8-2014	30	900	917	437	670	41	362
BAKKEN	7-2014	31	1078	1141	434	783	83	399

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 The Movie Page 

Looking forward to this movie. Release will be delayed from July, 2020, to October, 2020, due to Wuhan flu: "The French Dispatch." Looks fun. 

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Flathead Lake

MRO Well In Bailey Oil Field With Huge IP -- Chapman 31-15H -- Old Well With 55-Fold Jump In Production -- May 16, 2020

The well:

• 33325, 5,022, MRO, Chapman 31-15H, Bailey, t10/17; cum 362K 3/10;

Wanna see the neighboring well? Wow. This well was drilled back in 2008 -- look at the jump in production in 2017 -- Hubbert's peak oil theory says this is not supposed to happen. 28,683 bbls over 22 days extrapolates to 39,113 bbls over 30 days. 39,113 bbls / 700 bbls = a 55-fold jump in production. Production period of interest:

BAKKEN	1-2019	31	8715	8725	7507	6439	5475	222
BAKKEN	12-2018	31	9338	9387	8029	8283	5602	1899
BAKKEN	11-2018	30	10383	10297	9185	9155	6433	1880
BAKKEN	10-2018	26	11202	11272	10833	9909	6331	2712
BAKKEN	9-2018	11	1819	1864	1870	1846	1666	26
BAKKEN	8-2018	31	11081	11033	9680	9831	8939	0
BAKKEN	7-2018	31	12157	12119	10689	10459	8965	532
BAKKEN	6-2018	30	13283	13261	11861	9934	8482	431
BAKKEN	5-2018	31	12953	13039	10748	9026	6753	1266
BAKKEN	4-2018	30	16648	16633	15390	12130	6074	4097
BAKKEN	3-2018	31	20807	20900	21866	12733	5915	4409
BAKKEN	2-2018	28	22590	22465	25176	13676	7280	3814
BAKKEN	1-2018	31	26722	26704	33136	17924	13520	1364
BAKKEN	12-2017	27	14371	14369	18379	8339	2272	4386
BAKKEN	11-2017	30	17493	17345	21327	9561	505	7006
BAKKEN	10-2017	22	28683	28727	554	15237	0	12043
BAKKEN	9-2017	0	0	0	0	0	0	0
BAKKEN	8-2017	0	0	0	0	0	0	0
BAKKEN	7-2017	0	0	0	0	0	0	0
BAKKEN	6-2017	0	0	0	0	0	0	0
BAKKEN	5-2017	5	89	64	10	58	0	40
BAKKEN	4-2017	30	661	663	148	541	0	292
BAKKEN	3-2017	31	691	677	149	607	135	214
BAKKEN	2-2017	28	623	644	137	548	246	67

Two BR Mathistad Wells; 22B And 22A -- #33144 And #33146 -- Each Goes Over 500K Cumulative -- May 16, 2020

The BR Mathistad wells have been featured on the blog often.

Again. This Mathistad wells goes over 500K cumulative.

The well:

• 33144, 318, BR, Mathistad 22A MBH, Croff, t10/17; cum 532K 3/20;

Completed back in 2017, look at recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2020	31	14624	14599	4948	31498	30777	366
BAKKEN	2-2020	29	11015	10946	5445	29872	28802	654
BAKKEN	1-2020	31	12416	12429	5468	38365	37038	976
BAKKEN	12-2019	31	17054	17103	6589	52039	51659	0
BAKKEN	11-2019	30	19959	19918	6679	48913	48477	82
BAKKEN	10-2019	29	20108	20159	5718	52391	51732	272
BAKKEN	9-2019	26	19966	19938	6295	51158	48402	2320
BAKKEN	8-2019	30	30150	29961	10008	55119	45163	9539
BAKKEN	7-2019	0	0	0	0	0	0	0
BAKKEN	6-2019	0	0	80	0	0	0	0
BAKKEN	5-2019	8	8371	8457	1488	14023	7865	5968
BAKKEN	4-2019	30	31288	31285	6201	59210	25091	33711

Another new Mathistad well, has also gone over 500K cumulative:

• 33146, 273, BR, Mathistad 22B UTHF, Cross, t10/17; cum 532K 3/20;

The Bakken Never Ceases To Surprise Me -- May 16, 2020

The well:

• 25776, 3,043, Equinor, Bugs 27-22 7H, Poe, t7/14; cum 289K 3/20;

Full production here.

Production period of interest:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2020	31	4522	4577	8427	5571	5338	109
BAKKEN	2-2020	29	5609	6330	17182	7582	7300	166
BAKKEN	1-2020	31	6260	5550	12963	6455	5132	1199
BAKKEN	12-2019	31	5098	5166	16254	6555	5916	515
BAKKEN	11-2019	18	4037	3647	20984	3946	3171	747
BAKKEN	10-2019	1	21	15	692	67	0	67
BAKKEN	9-2019	0	0	221	0	0	0	0
BAKKEN	8-2019	27	2225	2204	2538	8671	8210	357
BAKKEN	7-2019	31	1937	1964	2563	4868	4476	268
BAKKEN	6-2019	30	2133	2143	2555	4965	4831	14
BAKKEN	5-2019	31	2444	2524	2663	4435	4282	33
BAKKEN	4-2019	24	1950	1830	2110	3033	2861	68
BAKKEN	3-2019	31	2612	2800	2855	4593	4436	33
BAKKEN	2-2019	28	2532	2316	2555	3584	3397	75
BAKKEN	1-2019	31	3154	3143	3212	3969	3775	70
BAKKEN	12-2018	18	1976	1818	2683	1731	1452	207
BAKKEN	11-2018	0	0	90	0	0	0	0
BAKKEN	10-2018	20	1484	1597	2082	3318	3162	68
BAKKEN	9-2018	30	2395	2365	3162	5083	4614	349
BAKKEN	8-2018	31	2544	2504	3581	4787	4657	6
BAKKEN	7-2018	31	2521	2734	2896	4056	3915	17

Natural Gas -- Futures -- May 16, 2020

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

On the other hand, link here:

More Evidence That Saudi Is In Deep Trouble -- Along With Kuwait, Shutting Down A Field That Might Supply 0.5 Percent Of World's Entire Oil Supply -- May 16, 2020

Updates

Minutes later, 4:39 p.m. CT; -- exactly what I said an hour ago -- there's a bigger story here --

Minutes later, 4:32 p.m. CT -- this story is getting a lot of re-tweets over at twitter.

Most interesting: "analysts" are missing the big story here. They're focusing on the 100,000 bopd production. That's not the story. The question not (yet) being pursued -- why this particular field at this particular time? A hundred thousand bopd is the proverbial drop in the bucket for Kuwait/SA combined production. Fifteen million bopd. Hundred-K / 15,000-K = 0.7%.

Minutes later, 4:14 p.m. CT -- it's now being reported in Reuters --

Kuwait and Saudi Arabia have agreed to halt oil production from the joint Al-Khafji field for one month, starting from June 1, Kuwait’s Al Rai newspaper reported on Saturday. 

of the OPEC+ group of oil producers to cut output in a bid to reduce a glut in global supplies. Both Gulf states have also said they would make additional cuts beyond the agreed curbs.  

Someone is in serious, serious trouble. Or someone is tired of giving away their lifeblood to China, the same folks who released Wuhan flu and screwed everything up for Saudi Arabia.

Original Post

Disclaimer: I was quite distracted while writing this note. There may be content and typographical errors. If this is important to you, go to the source. 

Hello, possums, to steal a word from Dame Edna, if you have been following the Khafji oil field, owned and operated jointly by Saudi Arabia and Kuwait, this is quite a story.

A huge story.

To bring you up-to-date, from oilandgas360, just a few months ago, February 2, 2020:

Saudi Arabia and Kuwait have started preparation work to resume crude oil production from the Al-Khafji oil field jointly operated by the two countries, with initial output expected around the end of February (2020), two industry sources said. Saudi Arabia and Kuwait, both members of the Organization of the Petroleum Exporting Countries (OPEC), agreed last year to end a five-year dispute over the area known as the Neutral Zone, allowing production to resume at two jointly run fields that can pump up to 0.5 percent of the world’s oil supply.

More at the link, but one assumes a lot of time and effort went into bringing this field into joint production after five years of dispute. Can you believe it, this field was discovered in 1960?

So, this field was discovered in 1960, closed five years ago for "environmental reasons," under dispute since then, and finally, after billions of riyals invested, I assume, some fifty years later, with great fanfare, pomp and circumstance, Kuwait and Saudi Arabia make a huge announcement just a couple of months ago: "Hey, we're going to re-open this huge field under joint operation!"

Inshallah.

Now, this .... drum roll .... from Twitter, less than an hour ago:

More from the oilandgas360 link:

Output is expected to reach 175,000 bpd from Al-Khafji and 145,000 bpd from Wafra after a year of restarting the fields, the official said. 

Kuwait newspaper Al-Rai reported on Sunday that production at Al-Khafji will start by the end of February and that testing of oil and gas pipelines and facilities has already begun. 

Al-Khafji is operated by Al-Khafji Joint Operations Co., a joint venture between Kuwait Gulf Oil Company and AGOC, a subsidiary of Saudi Aramco. It had been producing between 280,000 bpd and 300,000 bpd of Arabian Heavy crude before its closure in 2014 for environmental reasons.

"Environmental reasons" .... in the Mideast? LOL.

Halting oil production just three months after all the hoopla? Apparently Allah wasn't willing.

One wonders if there might be a whole lot more to the back story -- why it was decided to (apparently) completely shut down production. Certainly there were other options. I think there is much, much more to the story.

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

Speaking Of Possums
and
Practicing Homeopaths

Dame Edna

Updating Sweden -- The Meme Exposed -- May 16, 2020

Reminder: St Greta is the new authority on how to contain Wuhan flu. This should be a hoot.

First things first: we called this a couple of week ago. See this post.  Re-posting:

Yesterday I posted this:

Sweden and Wuhan flu: Sweden is getting a lot of positive press about how that country handled the coronavirus. When one actually sees the data, one gets another impression. If one has time to read only one article on Wuhan flu today, this would be the article. 

This is the meme: Sweden won the argument.

Now, today, from Breitbart (https://www.breitbart.com/europe/2020/05/16/poland-labels-swedens-coronavirus-policy-darwinian/): Poland labels Sweden's coronavirus policy 'Darwinian.'

For those unfamiliar with the metonym, "Darwinian" in this case refers to "survival of the fittest." Poland is suggesting that Sweden simply let things go with regard to Wuhan flu to cull out the herd; establish "herd immunity" quickly; and, get past "this" as quickly as possible. Whether the country's goal was to have "better" statistics than the rest of the world, I don't know. I doubt this was some kind of international, Olympic-style competition. Whatever.

But the mainstream media picked up on this and the meme became Sweden "won the contest."

In fact, Sweden did not, by criteria set by the mainstream press:

The Oasis Aagvik Wells In Banks Oil Field Have Been Updated -- May 16, 2020

The Aagvik wells are tracked here.

Look at the jump in production in one of those wells.

The well:

• 17986, 501, Oasis, Aagvik 5298 1-35H, Banks, t12/09; cum 237K 3/20;

Production (note: 3,680 bbls over 7 days extrapolates to 15,771 bbls over 30 days):

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2020	31	1417	1256	2155	11093	10783	0
BAKKEN	2-2020	29	1484	1806	1482	11040	10750	0
BAKKEN	1-2020	28	1507	1126	880	9789	9509	0
BAKKEN	12-2019	9	162	183	440	1992	1902	0
BAKKEN	11-2019	28	102	236	280	410	68	61
BAKKEN	10-2019	24	349	496	730	2505	2265	0
BAKKEN	9-2019	30	2163	2261	2724	10946	10646	0
BAKKEN	8-2019	31	1352	1196	2431	9833	9523	0
BAKKEN	7-2019	31	1255	1493	2550	10157	9847	0
BAKKEN	6-2019	30	1876	1711	2405	9810	9510	0
BAKKEN	5-2019	12	660	563	825	3419	3289	0
BAKKEN	4-2019	30	11474	11786	10406	45836	45536	0
BAKKEN	3-2019	31	14517	14326	11035	46044	45734	310
BAKKEN	2-2019	28	13631	13616	10792	42137	35242	6615
BAKKEN	1-2019	7	3680	3356	3350	9811	5931	3810
BAKKEN	12-2018	0	0	0	0	0	0	0
BAKKEN	11-2018	0	0	0	0	0	0	0
BAKKEN	10-2018	0	0	0	0	0	0	0
BAKKEN	9-2018	0	0	0	0	0	0	0
BAKKEN	8-2018	0	0	0	0	0	0	0
BAKKEN	7-2018	24	470	559	100	1028	756	32
BAKKEN	6-2018	20	526	587	0	1274	1052	22
BAKKEN	5-2018	0	0	0	0	0	0	0
BAKKEN	4-2018	15	354	291	190	942	775	17
BAKKEN	3-2018	31	816	869	180	2176	1842	24
BAKKEN	2-2018	21	576	600	0	1449	1239	0
BAKKEN	1-2018	31	785	899	240	1855	1545	0
BAKKEN	12-2017	31	666	597	130	1668	1358	0
BAKKEN	11-2017	30	792	921	170	2044	1744	0
BAKKEN	10-2017	31	866	571	140	2104	1794	0
BAKKEN	9-2017	29	478	837	120	1385	1095	0
BAKKEN	8-2017	31	665	321	170	2004	1704	0
BAKKEN	7-2017	31	918	1120	325	2758	2458	0
BAKKEN	6-2017	30	1068	893	440	2949	2649	0
BAKKEN	5-2017	31	1139	1356	330	2946	2636	0
BAKKEN	4-2017	20	585	563	120	1472	1272	0
BAKKEN	3-2017	22	671	563	99	1822	1602	0
BAKKEN	2-2017	23	825	829	430	2778	2548	0
BAKKEN	1-2017	31	1277	1479	700	3674	3364	0
BAKKEN	12-2016	20	797	567	431	2073	1873	0
BAKKEN	11-2016	20	378	319	145	1108	908	0
BAKKEN	10-2016	30	580	526	415	1858	1858	0
BAKKEN	9-2016	30	860	1043	450	3355	3055	0
BAKKEN	8-2016	31	929	838	559	3554	3244	0
BAKKEN	7-2016	31	1022	1104	515	3803	3493	0
BAKKEN	6-2016	17	812	605	440	2405	2235	0
BAKKEN	5-2016	29	894	1087	485	3390	2999	101
BAKKEN	4-2016	30	1045	1180	515	3425	3125	0
BAKKEN	3-2016	31	1070	982	505	3234	2924	0
BAKKEN	2-2016	29	932	948	275	2781	2491	0
BAKKEN	1-2016	31	1091	906	510	3324	2891	123
BAKKEN	12-2015	30	1023	1235	345	3390	2974	116
BAKKEN	11-2015	30	972	892	365	3206	2793	113
BAKKEN	10-2015	31	1066	1200	507	2932	2560	62
BAKKEN	9-2015	30	1026	913	360	3891	3286	305
BAKKEN	8-2015	31	1083	942	525	3878	3568	0
BAKKEN	7-2015	31	1175	1333	464	4404	3999	95
BAKKEN	6-2015	30	1234	1284	595	4526	2913	1313
BAKKEN	5-2015	25	1349	1356	430	3596	2699	647
BAKKEN	4-2015	30	1789	1940	695	4812	4688	54
BAKKEN	3-2015	4	395	0	0	267	74	123
BAKKEN	2-2015	1	1	0	0	5	0	0
BAKKEN	1-2015	14	329	724	100	851	788	0
BAKKEN	12-2014	31	1183	1526	310	3358	3104	114
BAKKEN	11-2014	30	1093	617	290	3405	3230	40
BAKKEN	10-2014	31	1189	1252	377	3688	3517	40
BAKKEN	9-2014	29	1149	921	300	3599	3468	0
BAKKEN	8-2014	28	1035	1015	282	2238	2112	0
BAKKEN	7-2014	31	1162	1121	400	3769	3629	0
BAKKEN	6-2014	30	1145	1657	322	3560	3394	31
BAKKEN	5-2014	31	1195	932	330	3835	3695	0
BAKKEN	4-2014	30	1204	977	334	3736	3601	0
BAKKEN	3-2014	31	1297	1945	382	3908	3768	0
BAKKEN	2-2014	28	1179	1091	422	3600	3474	0
BAKKEN	1-2014	31	1578	1572	577	4461	4321	0
BAKKEN	12-2013	19	888	412	265	2300	2300	0
BAKKEN	11-2013	30	1275	1387	515	4013	3878	0
BAKKEN	10-2013	31	1344	1252	512	4129	3989	0
BAKKEN	9-2013	30	1280	1208	557	4249	4114	0
BAKKEN	8-2013	30	1370	1502	655	4481	4146	200
BAKKEN	7-2013	31	1350	1418	633	4695	4555	0
BAKKEN	6-2013	28	1359	1444	710	4670	4544	0
BAKKEN	5-2013	31	1788	2191	697	5522	5182	200
BAKKEN	4-2013	9	688	322	133	1761	1464	256
BAKKEN	3-2013	31	1453	1278	443	4530	4390	0
BAKKEN	2-2013	28	1423	1598	440	5156	4209	821
BAKKEN	1-2013	31	1599	1564	418	5793	4685	968
BAKKEN	12-2012	31	1688	1285	530	6116	4945	1031
BAKKEN	11-2012	27	1295	1548	373	4351	4229	0
BAKKEN	10-2012	31	1599	1534	572	5437	5297	0
BAKKEN	9-2012	30	1548	1575	488	5518	5383	0
BAKKEN	8-2012	31	1653	1605	618	5926	5786	0
BAKKEN	7-2012	31	1641	1807	547	5945	5546	259
BAKKEN	6-2012	30	1629	1688	633	6172	6037	0
BAKKEN	5-2012	31	1809	1849	588	6862	6722	0
BAKKEN	4-2012	30	1771	1437	577	6416	5871	410
BAKKEN	3-2012	31	2048	2215	1082	7315	7175	0
BAKKEN	2-2012	29	1799	1759	467	5216	5085	0
BAKKEN	1-2012	31	2068	3092	553	5715	5575	0
BAKKEN	12-2011	31	1976	1117	498	4574	4434	0
BAKKEN	11-2011	30	1991	1796	538	5928	5793	0
BAKKEN	10-2011	31	2285	3277	630	7412	6662	650
BAKKEN	9-2011	26	2119	1946	610	7672	7117	455
BAKKEN	8-2011	28	2499	2604	805	9191	9091	0
BAKKEN	7-2011	22	3383	2540	1192	9229	9094	0
BAKKEN	6-2011	9	562	1125	32	1451	1390	0
BAKKEN	5-2011	29	3020	3265	487	6901	5998	511
BAKKEN	4-2011	5	657	0	88	1100	0	1000
BAKKEN	3-2011	16	1116	1212	310	5096	4651	345
BAKKEN	2-2011	28	2803	3102	720	9178	7728	1350
BAKKEN	1-2011	31	2950	3016	488	8158	6108	1950
BAKKEN	12-2010	31	2900	2690	533	7825	5400	2325
BAKKEN	11-2010	30	3087	2908	692	7776	5516	2160
BAKKEN	10-2010	31	3349	3695	800	7907	4482	3325
BAKKEN	9-2010	27	4379	3773	1007	8496	8396	0
BAKKEN	8-2010	5	942	1068	142	400	300	0
BAKKEN	7-2010	31	3874	4037	940	9533	9433	0
BAKKEN	6-2010	26	4186	4324	1090	9797	9697	0
BAKKEN	5-2010	27	4420	4613	1114	10550	10450	0
BAKKEN	4-2010	30	5093	5033	1140	11174	11074	0
BAKKEN	3-2010	31	6129	5871	1432	14915	14815	0
BAKKEN	2-2010	28	6798	6724	1545	16000	15900	0
BAKKEN	1-2010	31	10064	10224	2355	21148	21048	0
BAKKEN	12-2009	29	12331	12084	3002	16962	16862	0
BAKKEN	11-2009	10	1976	1551	1639	4555	4455	0