US equities:
- Dow and S&P 500 trading near all-time highs
- Dow: intra-day high -- 36,571.55
- S&P 500: intra-day high -- 4,804.06; apparently closed higher for the 70th time this year, 4,793.06.
- individual equities of interest
- AAPL: flat but slightly green
- SRE: held above $131
- UNP: closed near its 52-week high; recently raised dividend second time in one year;
Alex Kimani's three energy picks for 2022:
- COP
- BoA with a $67 price target;
- Cenovus Energy
- C$14.50 price target;
- APA
- many irons in the fire around the globe
BRK-B: 30% appreciation from one year ago.
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Back to the Bakken
Active rigs:
$76.62 | 12/29/2021 | 12/29/2020 | 12/29/2019 | 12/29/2018 | 12/29/2017 |
---|---|---|---|---|---|
Active Rigs | 31 | 13 | 56 | 66 | 48 |
No new permits.
Hess put a large number of old producing Madison wells on the "abandoned" list.
Dry hole:
- 35151, XTO, Bullberry Federal 24X-2D, Lost Bridge, will plug and abandon; cementing issues were encountered on the well. Re-drilled as the 24X-2DR (#35789);
- other wells on that pad, all drilled, but not completed:
- 35789, SI/NCW, XTO, Bullberry Federal 24X-2DR, Lost Bridge,
- 35150, SI/NCW, XTO, Bullberry Federal 24X-2H2, Lost Bridge,
- 35154, SI/NCW, XTO, Bullberry Federal 24X-2G, Lost Bridge,
- 35155, SI/NCW, XTO, Bullberry Federal 24X-2C, Lost Bridge,
A reminder: these wells are in the immediate vicinity of this well -- from an earlier post, note production in September, 2020, below.
MRO is on a roll. This is really quite incredible. Maybe more on this later, but for now, the well:
- 32434, drl/NC-->4,679, MRO, Stillwell 21-13H, 33-025-03101, Lost Bridge, first production, 8/20; t--; cum 215K 9/20; fracked,
8/19/20 - 8/25/20; 7.9 million gallons of water; 81.2% fresh water by
mass; 6.4% produced water by mass; production; note 90K in first full month of production; 215K in three months. Early in the boom, EURs of 300K were the expected; 403K 8/21; F;
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 11-2020 | 30 | 53105 | 52983 | 16649 | 86043 | 81734 | 1019 |
BAKKEN | 10-2020 | 30 | 64940 | 65021 | 20539 | 85430 | 78456 | 3024 |
BAKKEN | 9-2020 | 30 | 90389 | 89900 | 50636 | 119994 | 113142 | 1506 |
BAKKEN | 8-2020 | 4 | 6355 | 5856 | 4005 | 8100 | 6358 | 1121 |
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