Thursday, July 29, 2021

The Ovintiv Kestrel Wells In Grinnell Oil Field

Four Kestrel wells:

  • 34331, conf, Ovintiv, Kestrel 154-96-33-28-11H, Grinnell, 
  • 34332, loc/NC, Ovintiv, Kestrel 154-96-33-28-2H, Grinnell,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20213035317351222222872195673414770
BAKKEN4-20213437437000
  • 34341, loc/NC, Ovintiv, Kestrel 154-96-33-28-1H, Grinnell,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20213040724405003097781799762995405
BAKKEN4-202134414410000
  • 34333, loc/NC, Ovintiv, Kestrel 154-96-33-28-10H, Grinnell,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20213026473263275341259468554703929
BAKKEN4-202134374370000

Amazon: July 29, 2021

Amazon:

Tech juggernaut Amazon reported its Q2 2021 earnings after the closing bell on Thursday, missing expectations on revenue and falling short on Q3 guidance.

Here’s are the most important numbers from Amazon's report compared to analysts' expectations as compiled by Bloomberg.

  • Revenue: $113.08 billion versus $115.06 billion expected

  • EPS: $15.12 versus $12.22 expected

  • AWS revenue: $14.81 billion versus $14.18 billion expected

Covid-9 data today, link here;

  • delivered: 397,464,625
  • administered: 344,071,595
  • at least one dose: 189,945,907
  • fully vaccinated: 163,868,916

August, 2021, Hearing Dockets Posted -- IN PROGRESS

Link here

The NDIC hearing dockets are tracked here.  

The usual disclaimer applies. As usual this is done very quickly and using shorthand for my benefit. There will be factual and typographical errors on this page. Do not quote me on any of this. It's for my personal use to help me better understand the Bakken. Do not read it. If you do happen to read it, do not make any investment, financial, job, relationship, or travel plans based on anything you read here or think you may have read here. If this stuff is important to you, and I doubt that it is, but if it is, go to the source.

Wednesday, August 25, 2021
Three pages

The cases, not permits:

  • 28910, MRO,
  • 28911, Oasis,
  • 28912, Oasis, Painted Woods/Rosebud-Bakken, six wells;
  • 28913, Oasis,
  • 28914, NDIC,
  • 28915, Hess,
  • 28916, Kraken,
  • 28917, Citation, freshwater well,
  • 28918, Hess, pooling,
  • 28919, Hess, commingling
  • 28920, Hess, commingling,
  • 28921, Oasis, pooling,
  • 28922, Oasis, pooling,
  • 28923, Oasis, pooling,

Thursday, August 26, 2021
Four pages

The cases, not permits:

  • 28924, NDIC,
  • 28925, Resonance Exploration,
  • 28926, Enerplus,
  • 28927, WPX, four wells on an overlapping 640-acre unit;
  • 28928, WPX,
  • 28929, Hunt Oil,
  • 28930, Hunt Oil,
  • 28931, WPX,
  • 28932, WPX, pooling,
  • 28933, WPX, pooling,
  • 28934, WPX, pooling,
  • 28935, WPX, pooling,
  • 28936, CLR, commingling,
  • 28937, Ovintiv, twelve wells on an existing 1280-acre unit;
  • 28938, Resonance Exploration, conversion, SWD,

Two Permits Canceled; Five DUCs Reported As Completed; -- July 29, 2021

NOG press release:

  • total proved reserves as of June 30, 2021, increased 106% from year-end 2020 to 252.3 million barrels of oil equivalent, with an associated PV-10 value of $1.69 billion at SEC Pricing, 87% of which is proved developed
  • using strip pricing as of June 30, 2021, total PV-10 value was approximately $2.4 billion
  • the midyear reserves exclude Northern's recently announced Permian acquisition expected to close in August
  • SEC pricing as of June 30, 2021, was $49.78 per barrel of oil and $2.428 per MMbtu of natural gas
  • PDP PV-10 value alone exceeds Q1 2021 total debt by 1.5x and 2.0x at SEC pricing and strip Pricing, respectively
  • proved undeveloped reserves included 61.4 net drilling locations, reflecting an average of only 12.3 net organic wells per year over the five-year drill schedule limitation, compared to current guidance of 35.5-37.8 net wells that Northern expects to add to production during 2021 

WTI: up 1.7%; up $1.23; trading at $73.62.  

Gasoline demand: link here. Most recent week -- 9.3 million bpd.

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

Active rigs:

$73.62
7/29/202107/29/202007/29/201907/29/201807/29/2017
Active Rigs2312606261

Two permits canceled:

  • CLR: two Clear Creek Federal permits in McKenzic County

Five producing wells (DUCs) reported as completed:

  • 31392, drl/NC, Slawson, Mauser Federal 2-18-7H, North Fork, no production data,
  • 37198, drl/NC, Slawson, Mauser Federal 9-18-17TFH, North Fork, no production data,
  • 37199, drl/NC, Slawson, Mauser Federal 3-18-7H, North Fork, no production data,
  • 34341, loc/NC, Ovintiv, Kestrel 154-96-33-28-1H, Grinnell,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20213040724405003097781799762995405
BAKKEN4-202134414410000
  • 34333, loc/NC, Ovintiv, Kestrel 154-96-33-28-10H, Grinnell,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20213026473263275341259468554703929
BAKKEN4-202134374370000