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Monday, February 8, 2021

Kraken Reports Huge Hobart / Black Federal Wells In Oliver Oil Field -- February 8, 2021

 Kraken Hobart / Black Federal wells have come off confidential list; are huge wells; updated here.

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MRO Wells Still On Confidential List Will Be Incredibly Huge Wells When Reported -- February 8, 2021

Take a look at the initial production runs on these wells. Incredible. 

These wells are tracked here. These wells are not yet off the confidential list, but look at the updated "run" profiles.

Note something else. These wells were originally not on the confidential list, but are now back on the confidential list. When I first started blogging over a decade ago, I was told that did not happen, that once a well came off the confidential list, it would not go back to confidential status.

  • 36922, drl/NC-->conf, MRO, Lang USA 41-8TFH, 33-061-04594, Reunion Bay, first production, 10/20; Reunion Bay, t--; cum --; fracked 9/16/20 - 9/28/20; moderate frack, 9.8 million gallons; but again, note the "low fresh water": 66.3% (no typo) water by mass; extrapolates to 113,832 bbls over 30 days:
DateOil RunsMCF Sold
12-20205548670260
11-20202653928983
10-20206360744020
  • 36921, drl/NC-->conf, MRO, Vickall USA 41-5H, 33-061-04593, Reunion Bay, first production, 10/20; Reunion Bay, t--; cum --; fracked 9/16/20 - 9/29/20; big frack, 10.4 million gallons; but again, note the "low fresh water": 65.2% (no typo) water by mass but also produced water, 18.3% water by mass; extrapolates to 69,780 bbls over 30 days:
DateOil RunsMCF Sold
12-20202961839272
11-20204561556518
  • 36923, drl/NC-->conf, MRO, Thorson USA 41-8H, 33-061-04595, Reunion Bay, first production, 10/20; Reunion Bay, t--; cum --; fracked 9/16/20 - 9/29/20; big frack, 10.5 million gallons; but again, note the "low fresh water": 66.2% (no typo) water by mass; extrapolates to 68,196 bbls over 30 days:
DateOil RunsMCF Sold
12-20206198274423
11-20204755859299
10-20202128218886
  • 37323, loc/NC, MRO, Oscar Thorson USA 41-8TFH-2B, 33-061-04659, Reunion Bay, first production, 10/20; Reunion Bay, t--; cum --; fracked 9/16/20 - 9/26/20; moderate frack, 7.5 million gallons; but again, note the "extremely low fresh water": 59.6% (no typo) water by mass; but 25.1% produced brine water by mass; extrapolates to 83,117 bbls over 30 days:
DateOil RunsMCF Sold
12-20205796173471
11-20206760
10-20204919443525

36919, loc/drl-->conf, MRO, Klemstead USA 44-5TFH, Reunion Bay, first production, 10/20, t--; cum --;

DateOil RunsMCF Sold
12-20202829636816
11-20203949851019
  • 36918, loc/drl-->conf, MRO, Kolbo USA 34-5H, Reunion Bay, first production, 10/20; 18K; t--; cum --;
DateOil RunsMCF Sold
12-20204387354626
11-20205410264625
10-20201694914901
  • 18692, 781, MRO, Jasper L USA 34-5H Reunion Bay, t11/10; cum 368K 3/20; off line 4/20; remains off line 12/20;
  • 36920, loc/drl-->conf, MRO, Adonijah USA 44-5TFH-2B, first production, 10/20; Reunion Bay, t--; cum --; fracked 9/30/20 - 10/14/20; 11.1 million gallons of water; 16.2% fresh water by mass; 18.3% produced water by mass;
DateOil RunsMCF Sold
12-20206632082551
11-20205958361263
  • 18693, 560, MRO, Betty Shobe USA 41-8H, Reunion Bay, 9/10; cum 343K 3/20; off line 1/19; back on line 2/20; off line 4/20; remains off line 12/20;
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Directional Legs For Five MRO Wells In The Antelope-Sanish Have Been Drilled -- February 8, 2021

The wells on loc/NC status are now shown as drl/NC, and looking at the NDIC/GIS map server, it appears that these five wells have had the directional legs drilled. According to the GIS map server, there is currently no rig on this pad.

These wells are tracked here.

The wells:

  • 37732, loc/PNC, MRO, Carl USA12-26TFH, Antelope,
  • 37733, loc/NC-->drl/NC, MRO, Kaye USA12-26H, Antelope,
  • 37734, loc/NC-->drl/NC, MRO, Larry USA 13-26TFH,
  • 37735, loc/NC-->drl/NC, MRO, Amsler USA 13-26H, Antelope,
  • 37736, loc/NC-->drl/NC, MRO, Iverson USA 14-26TFH, Antelope,
  • 37737, loc/NC-->drl/NC, MRO, Redetzke USA 14-26H, Antelope,
  • 37738, loc/PNC, MRO, Monson USA 14-26TFH, Antelope,
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Tectonic Splits -- February 8, 2021

Link to Charles Kennedy. 

The biggest oil corporations in the Americas, including U.S. supermajors Exxon and Chevron, have not promised to become net-zero emission businesses by 2050, unlike all major oil firms in Europe—BP, Shell, Eni, Equinor, Total, and Repsol, which have raced to announce green strategies over the past year.

In the Americas, Occidental Petroleum became the first major U.S. oil firm to announce a net-zero emissions goal at the end of last year.

This is in contrast with European oil majors, who are building solar and wind power portfolios as they look to capture larger shares of the electricity market.

Chevron’s bet is on carbon utilization technologies, renewable natural gas, and reducing emissions from its operations. Chevron will not be investing in solar and wind power, Wirth told CNN. 

BP screwed: link here.  

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.

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New Apple Chips -- February 8, 2021

See this note for background.

Bottom line: Apple's new "in-house" semiconductor chip, the Apple M1, is considered the new industry standard. 

But now this. I knew it but had forgotten. 

Link here.

Last November, Apple introduced the world to the Apple M1 chip in its:

  • entry-level 13-inch MacBook Pro;
  • MacBook Air

As "revolutionary" as those chips were and their introduction was, Apple is now raising the bar by putting the new Apple Silicon chips into all 2021 MacBook Pro models. Article linked above.

Amazingly, this "Mac transition to Apple Silicon" already has its own wiki page. From the wiki article:

In June 2020, former Intel principal engineer François Piednoël said Intel's "abnormally bad" quality assurance in its Skylake processors, making Apple "the number one filer of problems in the architecture", helped Apple decide to migrate. Intel CTO Mike Mayberry countered that quality assurance problems may arise at large scale from any CPU vendor.

More:

In June 2020, tech analyst Daniel Newman estimated that Apple accounts for some $1.5 billion to $3.0 billion (about 2% to 4%) of Intel's annual revenue, and only 6.9–12% of the PC market in the United States of America and 7% globally. 

Longer-term speculation holds that the transition could prompt other PC makers to reevaluate their dependence on Intel's x86 architecture, as Macs sometimes set trends in the personal computing industry.

Back to the MacRumors article:

The higher-end MacBook Pro models are highly likely to feature ‌Apple Silicon‌ chips that are more powerful than the ‌M1‌, and Apple is believed to be developing options with as many as 16 power cores and four efficiency cores. Apple is also working on custom GPU technology with 16 and 32-core options, which may be used in the new MacBook Pros.

The new MacBook Pro will also restore a lot of features that had been removed over the years, features that Apple users apparently really missed (previously posted). 

It's my understanding that "Apple Silicon chips" is an umbrellas term for these new chips, including the M1. 

Googling "M2" proved correct.

From February 6, 2021, a tipster suggests: "Apple M1X, M2, A14X, A15, and A15 Bionic lead the speculation for the true identities of four alleged upcoming Apple SoCs." 

From another source, January 28, 2021:

The M1 chip in the MacBook Air base variant comes with seven GPU cores instead of eight. Thanks to the fan, the same M1 on the MacBook Pro with all GPU cores enabled can be slightly more powerful. We can expect the M2 to run alongside the M1 instead of succeeding it in the entire lineup right away. Eventually, we could be looking at both the MacBook Air and MacBook Pros with two processor variants, and then the entire lineup offering the M1 as an entry-level chip, with the M2 delivering higher performance.

So far, reports indicate that the chip will be designed on the same 5nm architecture as the current one. It is expected to give a performance boost to the new Mac lineup that will come with it. The company is apparently planning to increase the number of cores as well. It is reported that Apple M2 specifications for the GPU could go as high as 128 cores. The company is apparently testing chips with 16 or 32 cores already.

Multi-core processors? See wiki. Of course.

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For The Archives -- Clearing Out The In-Box -- February 8, 2021

Frigid northeast: ISO New England continues to burn coal and oil -- 

Why Ford and Mercedes are moving to trucks:

New records, from TheWSJ, what's not to like:

The Russell 2000 action today made me think of Sophia this past weekend:

It's hard to see due to my filming, but Sophia gave her dad a head start (on the right). She caught up with him and either beat him by a "hand" or it was a photo-finish tie.

Amazon to buy 1,000 CNG vans:

  • Amazon's orders and deliveries surged in 2020;
  • online retailers sales rose 38% in 2020;
  • plans to run a carbon-neutral business by 2040;
  • engines to be supplied by Cummins Inc and Vancouver-based Westport Fuel Systems, Inc;
  • are to be used for Amazn's heavy-duty trucks that run from warehouses to distribution centers;
  • they can operate on both renewable and no-renewable natural gas;
  • in 2019, Amazon ordered 100,000 electric vans from startup Rivian Automotive LLC; last-mile delivery
    • first of these will be delivered to Amazon this year (2021)
  • the company also ordered 1,800 electric vans from Mercedes-Benz for its European delivery fleet;

 
Amazon moves on its largest renewable project -- off-shore northern Europe -- link to Julianne Geiger:

  • Hollandse Kust Noord
  • wind farm in the Netherlands, currently be developed by The Crosswind
  • will supply the power through a project known as the Amazon-Shell HKN OffshoreWind Project
  • Crosswind: oil giant Royal Dutch Shell and Mitsubishi subsidiary Eneco
  • completion date: 2023
  • capacity: 759 WM
  • yearly generation: 3.3 TWh
  • project will include a floating solar energy farm; a short-term battery storage (Musk?), turbines programmed not to interfere with each other; and green hydrogen as a storage technique: this Rube Goldberg project all designed to provide more a continuous power supply from a renewable energy source, wind, known for being notoriously sporadic, with huge peaks and valleys;

And, finally, from the UK, hope it was worth it:

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.

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The CLR Dennis / Flint Chips Wells In Cedar Coulee / Big Gulch

Twelve new permits, #38117 - #38128, inclusive:

  • Operator: CLR
  • Field: Big Gulch (Dunn County), Cedar Coulee (Dunn County)
  • Comments: CLR has four permits for four new wells in another unitized field, the FIU
    • 38117, conf, CLR, Dennis FIU 13-8H1, Cedar Coulee, NWNE 8-147-96, 208 FNL 2054 FEL,
    • 38118, conf, CLR, Dennis FIU 14-8H, Cedar Coulee, NWNE 8-147-96, 241 FNL 2053 FEL,
    • 38119, conf, CLR, Flint Chips Federal 2-5HSL, Big Gulch, NWNE 8-147-96, 274 FNL 2053 FEL,
    • 38120, conf, CLR, Dennis FIU 14-2HSL, Big Gulch, NWNE 8-147-96, 307 FNL 2053 FEL,
    • 38121, conf, CLR, Flint Chips Federal 3-5HSL1, Big Gulch, NWNE 8-147-96, 340 FNL 2053 FEL,
    • 38122, conf, CLR, Dennis FIU 14--5HSL1, Big Gulch, NWNE 8-147-96, 373 FNL 2053 FEL,
    • 38123 conf, CLR, Flint Chips Federal 4-5H, Cedar Coulee, NWNE 8-147-96, 373 FNL 2053 FEL,
    • 38124, conf, CLR, Dennis FIU 4-8H, Cedar Coulee, NWNE 8-147-96, 439 FNL 2053 FEL,
    • 38125, conf, CLR, Flint Chips Federal 5-51, Cedar Coulee, NWNE 8-147-96, 472 FNL 2053 FEL,
    • 38126, conf, CLR, Dennis FIU 5-8H1, Cedar Coulee, NWNE 8-147-96, 505 FNL 2053 FEL,
    • 38127, conf, CLR, Flint Chips FIU 6-5H, Cedar Coulee, NWNE 8-147-96, 538 FNL 2052 FEL,
    • 28128, conf, CLR, Dennis FIU 6-8H, Cedar Coulee, NWNE 8-147-96, 571 FNL 2052 FEL,

Existing well in that drilling unit:

  • 16605, 418, CLR, Dennis 44-8H, Cedar Coulee, t7/07; cum 89K 12/20;
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Remote Learning -- Texas Style -- Nothing About The Bakken -- February 8, 2021

I just love this "remote learning." It's the best of "home schooling" and public school.

From 7:40 a.m. to 11:00 a.m., Sophia's mommy and Sophia's older sisters help her with logging on, tracking assignments. From 11:00 a.m. to the end of the day, I have her.

Today, the home / remote learners stopped by the school to pick up their goody bags that they will  have for their class Valentine's party on Friday, February 12, 2021. 

Sophia was so thrilled to pick up her goody bag. She was told not to open it until Friday. LOL. That lasted for less than an hour. 

Picking up her Valentine's goody bag:


 

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CLR With 12 New Permits (Though Some May Be Canceled); WTI Closes Above $58 -- February 8, 2012

Markets: all three major indices closed at all-time highs. New numbers to beat?

  • Dow: 31,386
  • S&P 500: 3,916
  • NASDAQ: 13,988

WTI: whoo-hoo! Closes about $58. 

Refiner: update on MPC and Speedway. Archived.

*****************************
Back to the Bakken

Active rigs:

$58.07
2/8/202102/08/202002/08/201902/08/201802/08/2017
Active Rigs1454645737

Twelve new permits, #38117 - #38128, inclusive

  • Operator: CLR
  • Field: Big Gulch (Dunn County), Cedar Coulee (Dunn County)
  • Comments: CLR has four permits for four new wells in another unitized field, the FIU
    • 38117, conf, CLR, Dennis FIU 13-8H1, Cedar Coulee, NWNE 8-147-96, 208 FNL 2054 FEL,
    • 38118, conf, CLR, Dennis FIU 14-8H, Cedar Coulee, NWNE 8-147-96, 241 FNL 2053 FEL,
    • 38119, conf, CLR, Flint Chips Federal 2-5HSL, Big Gulch, NWNE 8-147-96, 274 FNL 2053 FEL,
    • 38120, conf, CLR, Dennis FIU 14-2HSL, Big Gulch, NWNE 8-147-96, 307 FNL 2053 FEL,
    • 38121, conf, CLR, Flint Chips Federal 3-5HSL1, Big Gulch, NWNE 8-147-96, 340 FNL 2053 FEL,
    • 38122, conf, CLR, Dennis FIU 14--5HSL1, Big Gulch, NWNE 8-147-96, 373 FNL 2053 FEL,
    • 38123 conf, CLR, Flint Chips Federal 4-5H, Cedar Coulee, NWNE 8-147-96, 373 FNL 2053 FEL,
    • 38124, conf, CLR, Dennis FIU 4-8H, Cedar Coulee, NWNE 8-147-96, 439 FNL 2053 FEL,
    • 38125, conf, CLR, Flint Chips Federal 5-51, Cedar Coulee, NWNE 8-147-96, 472 FNL 2053 FEL,
    • 38126, conf, CLR, Dennis FIU 5-8H1, Cedar Coulee, NWNE 8-147-96, 505 FNL 2053 FEL,
    • 38127, conf, CLR, Flint Chips FIU 6-5H, Cedar Coulee, NWNE 8-147-96, 538 FNL 2052 FEL,
    • 28128, conf, CLR, Dennis FIU 6-8H, Cedar Coulee, NWNE 8-147-96, 571 FNL 2052 FEL,

Existing well in that drilling unit:

  • 16605, 418, CLR, Dennis 44-8H, Cedar Coulee, t7/07; cum 89K 12/20;

One permit cancelled:

  • Hess: a BL-Frisinger permit in Williams County;

Fourteen permits renewed:

  • CLR (8): eight Gordon Federal permits in Dunn County
  • Petro-Hunt (6): three Jorgenson permits and three Etsby permits, all in section 35-159-94;

Corrections to Daily Activity Report, dated 2/3/21:

Permit cancellations:

  • CLR (4): three Dennis permits and one Flint Chips permit; all in Dunn County (#23001 - #23004, inclusive)

Ten permits renewed:

  • Oasis (4): four Foley Federal permits in McKenzie County;
  • NP Resources (3): three Beaver Creek permits in Billings County
  • Kraken (3): two Wallace permits and one Hokanson permit, all in Williams County
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Plastic Use Surging -- February 8, 2021

Unedited, re-printed in its entirety, sent to me by a reader. I have no association with this website nor its company. This was a press release looking like a news story sent to "everyone" but even so it fits the narrative of the blog. 

A new report shows that the COVID-19 pandemic has negatively impacted the environment due to increased plastic usage around the world – led by the United States with a 78% increase.  India’s plastic use is up 55% and China’s 50%.

While air travel, electricity usage and miles driven declined in 2020, increases in food delivery, online shopping, household trash and single-use personal protective equipment, has made the crisis of plastic in the ocean worse and it will nearly triple by 2040 to 29 million metric tons. [This is probably accurate; if hyperbole, the writer would have said, "30 million metric tons."]

ReUseThisBag.com today released a report, the Pandemic Plastic Waste Disaster, using the most recent data from the U.S. Transportation Department, Cirium data via FlightGlobal and the Energy Policy Institute at the University of Chicago.

The report found five factors during the pandemic devastating our environment:

  1. Food Delivery: An increase in high plastic usage food takeaway (plastic bags utensils and packaging) and e-commerce orders (plastic packaging).
  2. PPE: Massive spike in demand for single use personal protective equipment such as masks and gloves.
  3. Reusable Bag Ban: Many areas that banned single use plastic bags, temporarily reversed course, and did not allow people to bring their own reusable bags to stores.
  4. Recycling Centers Down: During lockdown, limited staff meant that recycling centers around the world were not operational, so trash ended up in landfills and the ocean.
  5. Cheaper Plastic Due to Lower Oil Prices: Decreased oil prices meant that producing plastic became even cheaper, hences driving up demand.

Several Key Findings:

·         Plastic Waste Surging: Countries with the highest increase in plastic usage during the pandemic: U.S.: 78% increase, Singapore: 65%, South Korea: 65%, Vietnam: 57%, India: 55%, China: 50%.

·         Electricity Usage Down in U.S.: On Nov. 29, 2020, electricity usage in the United States was down 3% from the previous year.  However, it was up 5.1% in the United Kingdom. [Need to explore this further.]

·         Air Travel: The number of passengers declined significantly at the top eight airports in the U.S. led by LAX down 67.3%.

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Super Bowl LV Data Points -- February 8, 2021

Probably the best game ever on so many levels. If you are a Brady fan. LOL. 

Brady:

  • beat Taylor Heinicke, Aaron Rogers, beat Drew Brees, all in their home stadia
  • beat Mahomes
  • seventh ring
  • not going to be repeated

Super Bowl LV memes:

  • "running for his life"
  • "passing the ball while horizontal"
  • "this is not basketball; one player does not make the team"

Bottom line: KCC schooled. 

Owner, coaches, players:

  • stayed in their lanes;
  • no distractions (can one imagine the Jerry Jones distractions had Dallas been playing? Quick: name the owner of the TBB; for that matter, quick: name the starting quarterback for the Dallas Cowboys this past season and the coach)
  • if you can, good for you; if you can't it's because the only names we heard all season re: DC was Jerry Jones and Dak Prescott;

Handicap:

  • not reported prior to the game to any great extent but perhaps biggest story was KCC's distractions off the field
  • KCC losing two first string inside linemen due to injuries

Defensive line, TBB:

  • under-reported
  • think: "purple people-eaters"; 
  • think: Chicago Bears
  • does anyone think of the TB Bucs when talking about their defensive line

Defensive line, coaching, TBB:

  • kept it simple, understood KCC: one-trick pony: a quarterback that could win by passing
  • solution: advice to front four -- pay no attention to anyone else; just go after Mahomes on every play;
  • learned that Mahomes preferred running to the right, then passing
  • solution: force Mahomes out of his comfort zone; push him to the left
  • even on a winning day, KCC had no running game
  • once they fell behind (and stopped in the red zone three times), KCC then had only one game: the passing game

Offense, TBB:

  • keep it simple, understood the concept of the "queen bee"; protect TB12 at all costs;
    • sacked once?
    • TB12 standing upright at end of 99% of all plays?
    • never scrambled, except that one time going after a loose ball after a bad snap;
  • multi-dimensional: strong running game when it counted
  • passing: TB12 had only 200 passing yards

Offense, KCC:

  • best (?) offense in the NFL going into the game;
  • not one touchdown in this Super Bowl LV
  • two "fails" in the red zone
  • receivers dropping perfectly thrown balls

Franchise:

  • KCC: Mahomes (quick: name four other players on the KCC team)
  • TBB: the team (quick: name four other players on the TBB team)
  • the media says the frachise was TB12
  • it's TB12, only if one sees Brady as the conditioning coach, quarterback, spiritual leader, role model, and "tough love" boss;
  • of all those, one wonders if "role model" was the most important; my hunch, despite being 43 years old, he pushed himself physically more than many players had seen before;

Special teams:

  • absent, as far as I could tell; not needed
  • long-distance field goals: kickers not getting the attention they deserve; valuable for two reasons

Penalties:

  • 120 yards against the KCC; third-worst in Super Bowl history
  • perhaps one or two should not have been called on the KCC and at least one was pivotal, favoring TBB, but "come on, man" -- a dozen penalties (or thereabout) on KCC and one on the TBBz

Composure:

  • penalties lead us back to composure
  • simply put: KCC lost their composure
  • TB12's leadership would ensure TBB would not lose their composure

TB12:

  • with all the above, Brady only had to play "smart." And he played very, very, very smart.
  • no interceptions; technically one but called back due to penalty on defense;
  • best TB play? high snap, ball sails over head; TB doesn't try to scoop it up and save the play; falls on it preventing a takeaway; how often have we seen a QB / running back try to scoop it up, only losing the ball in the process
  • the way his defense played and the way his team played, one wonders if 90% of NFL quarterbacks could have won that game for the Bucs?

Biggest question:

  • Really, how good was Belichick?

Occasionally someone mentions this:

at 4 comments:

Notes From All Over -- The Mid-Day Edition -- February 8, 2021

Why not? $3,600 in direct payments per child. That's what the article said. Link here. 

Why not? The Dow added more than 100 points, or 0.4%, to a fresh record high, and both the S&P 500 and Nasdaq also reached record intraday levels. Bitcoin prices spiked more than 12% to a record high of more than $43,000 after Tesla disclosed it purchased $1.5 billion of the cryptocurrency and may start allowing customers to use Bitcoin to purchase products.

Elon Musk: never fails to surprise. One of the few CEOs able to separate quarterly earnings (reality) from the dream.  I'm not sure if I can say the same for Steve Jobs. I think Jobs had a higher wall to climb. Elon Musk simply went around the wall and the rest is history.

Best thing about Texas? Not quite, but makes the top ten list: kolaches for lunch. Especially jalapeño kolaches for lunch. Story later, if I remember.

Biggest disappointment: sub-par analysis of the game last night on top ESPN talk shows this morning. I'll come back to this later. 

Most fascinating marque right now: Mercedes' electric profits to match those from internal combustion engines by 2029. Link here. 

UK in trouble. Link here.

Gasoline demand: Bloomberg must be reading the blog. San Francisco traffic drop shows gasoline rebound still elusive. Link here.

  • toll bridges take 3% few vehicle in January
  • year-over-year: down 20% to 30%
  • demand recovery might stall if driving doesn't push market
  • slump also in Los Angeles
  • look at this: gasoline demand, at 7.8 million bbls/day, is the lowest this century for this time of the year

Had enough? NYC to reopen Broadway, large venues, with extensive Covid teting, says Governor Cuomo.

at No comments:

Hess With Two More Nice Wells In The Bakken -- February 8, 2021

Judge in Alaska shuts down COP .... and the Bakken just keeps on truckin'. And literally, with the possibility of the DAPL shut down, the Bakken may be truckin'. LOL. But until then. a few things to cheer:

Monday, February 8, 2021: two nice wells coming off the confidential list today.

  • 37067, F/A, Hess, EN-Labar-154-94-1003H-10, 33-061-04619, Alkali Creek, first production, 8/20; t--; cum 134K 12/20; fracked 5/27/20 - 6/5/20; 6.6 million gallons of water; 84.1% water by mass; 42K over 20 days extrapolates to 62K over 30 days;

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-2020311702017128106482431324006307
BAKKEN11-20203022243221791255134322331471175
BAKKEN10-2020312495525030146513803937530509
BAKKEN9-20203028143281461742144841425722269
BAKKEN8-202020415314133121267562973549620801
  • 36811, AL/A, Hess, TI-Jenson-158-94-08-5H-1, 33-061-04552, Tioga, first production, 8/20; t--; cum 61K 12/20; fracked 6/20/20 - 7/2/20: 7.9 million gallons of water; 86.4% water by mass:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-202031968697351567310179101772
BAKKEN11-20203012352122281505399429274668
BAKKEN10-202016481449188999370737070
BAKKEN9-202024181031814024077127171269819
BAKKEN8-2020211571715495257778839881623

From the well files.

The TI-Jensen well:

  • spud: April 4, 2020
  • cease drilling: April 11, 2020
  • seven days
  • middle Bakken
  • logging services began April 5, 2020, 4:55 p.m. CT
  • KOP reached at 9,232' on April 6, 2020, 10: p.m. CT; about 1.5 days
  • curve
    • began: April 7, 6:25 a.m.
    • completed, middle Bakken, 9,232' on April 7, 2020, at 4:30 p.m. CT; less than 12 hours;
  • lateral
    • began: April 9, 2020, 3:45 a.m. CT
    • completed: April 11, 2020, 7:16 a.m. CT; two days drilling
  • total drilling: about four days; 
  • very low gas; franded from 11 to 713 units;

The EN-Labar well:

  • spud: February 20, 2020
  • cease drilling: February 28, 2020
  • target: Three Forks
  • curve
    • began at depth of 10,331' MD, February 23, 2020, at 8:20 a.m. CT 
    • completed: 11,112' MD; February 24, 2020 at 7:00 am. CT; one full day
  • lateral
    • began: February 26, 2020, 1:25 a.m. 
    • completed: 21,353' TD, 10,637.52' TVD; February 28, 2020, 8:55 p.m. CT; 3.5 days 
  • gas: averaged 652 units with a maximum of 2,116 units; 
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Will WTI Hit $58 Today? Two Wells Coming Off The Confidential List Today -- February 8, 2021

Frigid weather: severe now but soon coming to an end. Natural gas doing well, but still below $3.00. Who wudda thought. 

Wow: WTI flirting with $58. Up almost 2%; up another $1.05; trading at $57.90.

Monday morning:

10:1: finally a nice example, back to 10:1 -- mid-morning trading:

  • DOW 30: 31,300; up 151.49 points
  • S&P 500: 3,900; up 15.2 points -- can't get much closer than that.

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Back to the Bakken

Active rigs:

$57.90
2/8/202102/08/202002/08/201902/08/201802/08/2017
Active Rigs1454645737

Monday, February 8, 2021: 5 for the month, 38 for the quarter, 38 for the year.

  • 37067, F/A, Hess, EN-Labar-15409401003H-10, Alkali Creek, first production, 8/20; t--; cum 134K 12/20;
  • 36811, AL/A, Hess, TI-Jenson-158-94-0805H-1, Tioga, first production, 8/20; t--; cum 61K 12/20;

RBN Energy: frigid weather blasting into propane country, markets brace for supply disruptions.

A blast of Arctic air plunges the Midwest and Northeast into deep freeze. Already-low propane inventories result in supply shortages in local markets. Propane transport trucks move product hundreds of miles from storage hubs to replenish regional terminals as markets scramble to meet surging propane demand. Are we talking about the nightmarish polar vortex winter of 2013-14, when regional propane inventories were sucked down dangerously low and Conway, KS, propane prices skyrocketed to almost $5.00/gal? No. We are talking about now. This is a description of what is happening today in U.S. propane country –– that belt of northern states that depend heavily on propane for heating. But this is not 2013-14. Things have changed. So in today’s blog we’ll explore how the latest polar vortex could be quite different than that weather-driven crisis seven years ago. 
We’ve been particularly interested in the propane market this winter, where we warned of the possibility of a coming propane price squeeze. The big issue was exports, which were running at all-time highs and had the potential to deplete inventories at record rates. We worried that average days-supply, when calculated using both domestic demand and exports, had dropped to a five-year low, and that the market could get very tight. By January, that was just how things were playing out, with markets further complicated by long delays at the Panama Canal and, as a consequence, skyrocketing shipping rates. Then, a couple of weeks agowe looked at how frigid weather in Asia had pulled even more U.S. propane into export markets, and how that resulted in a Mont Belvieu price spike up to 95 cents/gallon (c/gal), and over a dollar per gallon at the Conway hub in Kansas. We wrapped up that blog by stating the blindingly obvious: “The short term is all in the hands of Mother Nature.”
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