Saturday, June 5, 2021

CLR Is Starting To Report Production On The Simmental Federal / Angus Federal Wells -- June 5, 2021

These wells are tracked here.

CLR is just starting to produce these wells. There are way too many to post tonight. I may eventually get to them, but for newbies, this is a great example of "money in the ground." These wells have been drilled to depth for quite some time; and are now just being completed. They were spud in late 2019. 

Oil prices were very, very low all last but recently have trended toward $70 (WTI). What a great time to frack and complete these wells. 

Folks keep talking about the need for more rigs and more drilling, in fact, what many operators could use are frack spreads and completing these DUCs

Go to the link and look at all the wells that CLR will bring on line at the same time. And although these are not monster wells, they look like they are going to be very nice wells.

For example, some of the wells:

  • 37058, conf-->drl/NC-->drl/A, CLR, Angus Federal 9-9H, Elm Tree:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-20212524812246621405140629387721857
BAKKEN3-20210000000
BAKKEN2-2021430030012327370737
  • 37057, conf-->drl/NC-->drl/A, CLR, Angus Federal 10-9N, Elm Tree,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-20212525920257631349240769389071862
BAKKEN3-20210000000
BAKKEN2-2021452352315696660666
  • 37060, conf-->drl/NC-->drl/A, CLR, Angus Federal 7-9H, Elm Tree,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2021241717717073928834261326911570
BAKKEN3-20210000000
BAKKEN2-20214682682298000
  • 37059, conf-->drl/NC-->drl/A, CLR, Angus Federal 8-9H1, Elm Tree,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2021241381413730117642155820574984
BAKKEN3-20210000000
BAKKEN2-20213161161242112011CLR

2 comments:

  1. Well I didn't buy at the bottom but my couple hundred shares at $30 are already looking pretty good. Unhedged---- Harold Hamm is looking pretty smart right now after all the tut-tutting when oil prices were falling. If this $70 oil price can hold he will look absolutely brilliant!

    ReplyDelete
    Replies
    1. Agree completely.

      It's a fool's errand to predict the price of oil, but I just don't see a correction (dropping below $65/WTI) any time in the near future.

      Delete