Tuesday, August 31, 2021

Notes From All Over -- August 31, 2021

Cramer, Rush: I think Jim Cramer has the week off. I don't know for sure. I haven't been watching CNBC much this week so far, but I noted Cramer was not on yesterday morning. I almost always miss his evening show because I'm swimming with Sophia. Whether you like them or not, Jim Cramer and Rush Limbaugh have a lot in common.

They are (were) the number one personalities in their field. Quick: name a radio personality that was more widely known than Rush Limbaugh when it came to politics; name a television personality that is more widely known than Jim Cramer when it comes to investing. 

Both make it appear effortless.

Both make it look like they do it without any assistance but my hunch is both have huge staffs.

Both are (were) on the air only two or three hours a day, but they seem like they are "on" 24/7. 

You may not like them, but you cannot not listen. 

The best two hours on CNBC: the 8:00 - 9:00 a.m. CT with a triumvirate to include Jim Cramer. If he's not on, it's not worth watching. In the evening, 4:00 to 6:00 p.m. CT, it's Melissa Lee followed by Jim Cramer. Melissa Lee's entire show is great; I enjoy the first few minutes of Jim Cramer at 5:00 p.m. CT. It appears Melissa Lee has this week off also; when she's not hosting, her show is not worth watching.

The market: earlier today, I remarked that fund managers were likely locking in profits for the quarter; it was a huge quarter. The surprise was that the major indices dropped ever so slightly. Being the eternal optimist I interpreted today's market action as incredibly bullish. 

Think about it. The end of a "quarter." The end of a 20-year war. We should be celebrating. 

Futures mean squat. 

But right now, after a somewhat negative day on the market at the end of the quarter, the futures right now are surprisingly bullish, At 9:56 p.m. CT:

  • Dow: up 86 points
  • S&P 500: up 10 points
  • NASDAQ: up 22 points

So, we'll see. 

Covid-19: not sure what this means, but something to be watched -- link here --

SIOUX FALLS, S.D. (AP) — The South Dakota National Guard has been activated to help with the state's response to COVID-19.

Guard members ... are being deployed to assist with testing for Monument Health in Rapid City and could be needed in Sturgis, Spearfish, Deadwood and Custer.

The state Department of Health reported Tuesday that Pennington County, where Rapid City is located, had more than twice as many new COVID-19 cases than any other county in the state. The number of people on ventilators in Rapid City also more than doubled since Monday’s update.

The Guard was activated in 2020 to help with the COVID-19 outbreak by manning a hotline, setting up mass testing sites and conducting contact tracing. Soldiers also prepared to establish temporary field hospitals in Sioux Falls and Rapid City. 
Active cases and deaths data: linked here.

Headlines from The WSJ:

  • Canadian National Railway bid to buy Kansas City Southern: hits major obstacle; regulators deny key part of the deal; link here; apparently regulators approved the same "deal" with Canadian Pacific Railway several months ago.
  • EU recommends curbing nonessential travel from the US, but Europe's tourist hotspots didn't get the memo;
  • Jeopardy: finally -- Mike Richards fired as Jeopardy producer.
  • need to call an airline? Your hold time will be approximately one zillion hours; link here.
  • people over 60 are drinking more -- why is it so hard to cut back? Link here.

******************************
The Book Page

It literally smells brand new!

The book was officially released today. 

My hardback copy arrived today!

The Annotated Mrs Dalloway by Virginia Woolf, edited with an introduction and notes by Merve Emre, c. 2021. 

The font and style look identical to that used in The Annotated Wuthering Heights, one of my top-shelf books.

Downhole Oil - Water Separation -- In The Bakken? August 31, 2021

From wiki.

A feasibility study, dated January, 1999, mentioned the Bakken and the Williston Basin. 

The summary:

Downhole oil–water separation (DOWS) technology is an emerging technology that separates oil and gas from produced water at the bottom of the well, and re-injects most of the produced water into another formation which is usually deeper than the producing formation, while the oil and gas rich stream is pumped to the surface.

Connecting the dots. For newbies, the Three Forks is deeper than the middle Bakken in the Williston Basin.

Could produced water work? Have we seen instances of produced water being used in the Bakken to frack wells? Yes. I noted one operator using produced water to frack wells a while back. Time to go back and look at some of those posts. See tags.

Old Whiting Wells That Went Off Line July, 2021

Update

September 2, 2021: these wells were not taken off line in July, 2021. See this post. I have not checked all these wells, but my hunch is that, with perhaps some exceptions, they are all still producing.

Original Post

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

The wells:

  • 17917, 1,782, Whiting, Olson Federal 42-8H, Sanish, t5/10; cum 628K 11/20; cum 631K 6/21; went off line, 7/21;
  • 18077, 1,773, Whiting, Kannianen 11-5H, t9/09; cum 497K 2/21; cum 500K 6/21; cum 500K 6/21; went off line, 7/21;
  • 18109, 2,409, Whiting, Tollefson 44-10H, Sanish, t9/09; cum 683K 11/20; off line as of 5/19; remains off line 10/19; back on line 11/19; cum 688K 6/21; went off line, 7/21;
  • 18213, 3,308, Whiting, Platt 44-28H, Sanish, t12/09; cum 577K 11/20; cum 581K 6/21; went off line, 7/21;
  • 18278, 2,894, Whiting, Rigel State 12-16H, t1/10; cum 652K 11/20; cum 662K 6/21; went off line, 7/21;
  • 18298, 3,422, Whiting, Kannianen 44-33H, Sanish, t1/10; cum 712K 11/20; off line as of 4/19; remains off line 1/20; back on line 4/20; cum 719K 6/21; went off line, 7/21;
  • 18409, 2,404, Whiting, Kinnoin 21-14H, Sanish, t3/10; cum 645K 2/21; cum 649K 6/21; went off line, 7/21;

There are many, many more, but one gets the idea. 

Other wells individually posted. All of these wells show no oil production or runs in July, 2021.

An Old Whiting Sorenson Well Just Went Off Line -- August 31, 2021

Updates

September 2, 2021: this well was not taken off line in July, 2021. See this post. Production for July, 2021, has been updated.

Original Post

Data from the NDIC; NDIC does have some IT issues so there could be other explanations.  

The well:

  • 17912, 2,581, Whiting, Sorenson 11-3H, Sanish, t2/10; cum 892K 11/20; went off line as of 4/19; remains off line 10/19; back on line 11/19; cum 905K 6/21; went off line 7/21; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202131
1657
1651
61
48844567317
BAKKEN6-202130150815023343494193156
BAKKEN5-202131124212531264396437719
BAKKEN4-2021301518150850372637260
BAKKEN3-20213118921892343461337722
BAKKEN2-20212818831875123268319121
BAKKEN1-2021312231222793747367114

An Old Whiting Patten Well Just Went Off Line -- August 31, 2021

Updates

September 2, 2021: this well was not taken off line in July, 2021. See this post. Production for July, 2021, has been updated.

Original Post

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

The well:

  • 17907, 2,138, Whiting, Patten 44-3H, Sanish, t3/10; cum 732K 11/20; cum 739K 6/21; off line 7/21; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202131
785
738
258
7702760894
BAKKEN6-202130907988160868986890
BAKKEN5-202131901100186830783070
BAKKEN4-202130870751312696569650
BAKKEN3-202131725737883359335310
BAKKEN2-202128900854129799779410
BAKKEN1-202131107812823248984891210

An Old Whiting Rigel State Well Just Went Off Line -- August 31, 2021

Updates

September 2, 2021: this well was not taken off line in July, 2021. See this post. Production for July, 2021, has been updated.

Original Post

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

The well:

  • 17700, 3,405, Whiting, Rigel State 11-16H, Sanish, t4/09; cum 670K 11/20; cum 676K 6/21; just went off line, 7/21; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202131
794
779
60
4233417162
BAKKEN6-202130993103155490349030
BAKKEN5-20213180888067372537250
BAKKEN4-20213086076355402640260
BAKKEN3-20213195997264469646340
BAKKEN2-20212882079258373036740
BAKKEN1-202131833995793947387411

An Old Whiting Niemitalo Well Just Went Off Line -- August 31, 2021

Updates

September 2, 2021: this well was not taken off line in July, 2021. See this post. Production for July, 2021, has been updated.

Original Post

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

The well:

  • 17575, 3,260, Whiting, Niemitalo 11-35H, Sanish, t2/09; cum 696K 11/20; off line as of 7/19; remains off line, 10/19; back on line 11/19; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202131
1230
1217
92
2786272165
BAKKEN6-20213012521268135254925409
BAKKEN5-20213113951380173264126410
BAKKEN4-20211465867247120112010
BAKKEN3-202131150114901292586246231
BAKKEN2-202128145514531092421231324
BAKKEN1-202125124012561312048195520

An Old Whiting Littlefield Well Just Went Off Line -- August 31, 2021

Updates

September 2, 2021: this well was not taken off line in July, 2021. See this post. Production for July, 2021, has been updated.

Original Post

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

The well:

  • 17391, 2,400, Whiting, Littlefield 11-7H, Sanish, t9/08; cum 751K 3/21; cum 754K 6/21; just went off line, 7/21; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202131
1136
1135
104
5725564877
BAKKEN6-202128990102780376937690
BAKKEN5-2021311091110197404640460
BAKKEN4-20213011121059112379937990
BAKKEN3-20213110561065110355634940
BAKKEN2-20212889287394327432180
BAKKEN1-202131946101373324431739

An Old Whiting Richardson Federal Well -- A Million-Bbl Well -- Just Went Off Line -- August 31, 2021

Updates

September 2, 2021: this well was not taken off line in July, 2021. See this post. Production for July, 2021, has been updated.

Original Post

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

The well:

  • 17158, 4,184, Whiting, Richardson Federal 11-9H, Sanish, t10/08; F; cum 992K 5/21; recent production:
PostDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202131
774
751
53
4793469697
BAKKEN6-20213063364356466746670
BAKKEN5-202131723818103541454140
BAKKEN4-202130715645137505550550
BAKKEN3-202131812794107555854960
BAKKEN2-20212863160585455945030
BAKKEN1-2021317861011144541953526

An Old Whiting Behr Well -- A Million-Bbl Well -- Just Went Off Line -- August 31, 2021

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

The well:

  • 17092, 3,027, Whiting, Behr 11-34H, Sanish; s4/08; produced 500,725 bbls in 591 days; inactive Jan/Feb 2015; now back on status 3/15; cum 1.118594 million bbls 11/20; off line as of 7/19; remains off line 1/20; back on line 3/20; cum 1.125219 million bbls 6/21; recent prodcution:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-2021 31
1186
1174
139
6183613845
BAKKEN6-20213011281224170374137410
BAKKEN5-202130911898537263226320
BAKKEN4-20213084883978377037700
BAKKEN3-202131958104385439242990
BAKKEN2-20212888888086375636750
BAKKEN1-2021319701359524261415315

An Old Whiting Kinnoin Well Just Went Off Line -- August 31, 2021

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

The well:

  • 17081, 3,311, Whiting, Kinnoin 11-14H, Sanish, t10/08; cum 792K 12/20; cum 798K 6/21; just went off line, 7/21; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-20210000000
BAKKEN6-20218276323701197114750
BAKKEN5-20213110431063101453045300
BAKKEN4-20213010231017266411041100
BAKKEN3-20213111681140274431942570
BAKKEN2-202119837826158291828820
BAKKEN1-20213115811632357433742750

An Old Whiting Niemi Well Just Went Off Line -- August 31, 2021

Updates

September 2, 2021: this well was not taken off line in July, 2021. See this post. Production for July, 2021, has been updated.

Original Post

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

The well:

  • 17080, 2,096, Whiting, Niemi 44-22H, Sanish, t10/09; cum 551K 12/20; cum 560K 6/21; just went off line; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202131
1280
1264
133
4905484263
BAKKEN6-20213013501389139473647360
BAKKEN5-20213114661495161501050100
BAKKEN4-20213014571435140475447540
BAKKEN3-20213115821586144539953370
BAKKEN2-2021281630160611546754364255
BAKKEN1-202131166017491716353627615

An Old Whiting Stenseth Trust Just Went Off Line -- August 31, 2021

Updates

September 2, 2021: this well was not taken off line in July, 2021. See this post. Production for July, 2021, has been updated.

Original Post

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

The well:

  • 17072, 2,843, Whiting, Stenseth Trust 11-5H, Sanish, t7/08; cum 755K 2/21; off line as of 8/19; remains off line 10/19; neighboring wells have been fracked; back on line as of 11/19; cum 768K 6/21; just went off line, 7/21; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202131
2868
2863
358
60635703360
BAKKEN6-2021302944292941458385514324
BAKKEN5-202131318732023236388634939
BAKKEN4-202130313331204175696567917
BAKKEN3-202131308630756485960582641
BAKKEN2-202128301129997584987486538
BAKKEN1-202121192519402703166308223

An Old Whiting Kannianen Well Just Went Off Line -- August 31, 2021

Updates

September 2, 2021: this well was not taken off line in July, 2021. See this post. Production for July, 2021, has been updated.

Original Post

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

The well:

  • 17035, 2,016, Whiting, Kannianen 11-4H, Sanish, t8/08; cum 892K 3/21; interesting production profile; cum 894K 6/21; just went off line, 7/21; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202130
844
848
113
3689362366
BAKKEN6-2021299841028108435943536
BAKKEN5-20213078574740369536950
BAKKEN4-20213087792247391639160
BAKKEN3-202131840865144484647840
BAKKEN2-20212885879244444743910
BAKKEN1-2021318879381054467439015

An Old Whiting Braaflat Well Just Went Off Line -- August 31, 2021

Updates

September 2, 2021: this well was not taken off line in July, 2021. See this post. Production for July, 2021, has been updated.

Original Post

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

The well:

  • 17023, 2,669, Whiting, Braaflat 11-11H, t5/08; cum 834K 2/21; huge bump in production without explanation back in 2012; just went off line; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202131
1352
1311
41
3123308538
BAKKEN6-20213011321181412449241237
BAKKEN5-2021311092111649242024200
BAKKEN4-2021301220113661285628560
BAKKEN3-2021311188118755215620940
BAKKEN2-20212878476963119111350
BAKKEN1-2021318761071141204919798

An Old Whiting Lee State Well Just Went Off Line -- August 31, 2021

Updates

September 2, 2021: this well was not taken off line in July, 2021. See this post. Production for July, 2021, has been updated.

Original Post

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

The well:

  • 16977, 2,625, Whiting, Lee State 44-16H, Parshall, t5/08; cum 623K 12/20; 624K 6/21; just went off line, 7/21; recent production.
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202131
175
176
72
4628456167
BAKKEN6-20213018021263204120365
BAKKEN5-20213139344919392437790
BAKKEN4-20213036732183492647810
BAKKEN3-202131283234118392237670
BAKKEN2-20212814112588154214020

An Old Whiting Lacey Well Just Went Off Line -- Neighboring Wells With No Frack Data; The Lacey Well Just Went Over 500K Bbls Cumulative -- August 31, 2021

Updates

September 2, 2021: this well was not taken off line in July, 2021. See this post. Production for July, 2021, has been updated.

Original Post

Data from the NDIC; NDIC does have some IT issues so there could be other explanations. 

Neighboring wells being fracked?

  • 16902, 2,192, Whiting, Lacey 11-1H, Sanish, t7/08; cum 521K 12/20; one of the few wells that did not go off line, 5/20; cum 522K 6/21;

Check: #37599  (33-061-04743), #37601 (33-061-04745): no frack data. 

These wells will be put on list of wells to follow up.

Oasis With Three New Permits; CLR With A New Thorp Federal Permit -- August 31, 2021

Active rigs:

$68.57
8/31/202108/31/202008/31/201908/31/201808/31/2017
Active Rigs2310646355

Active rigs, per daily activity report:

  • 24 active oil and gas rigs;
  • one SWD rig: a Stout well, Koda Resources
  • CLR: nine active rigs

Four new permits, #38523 - #38526, inclusive:

  • Operators: Oasis (3); CLR
  • Fields: Camp (McKenzie); Little Knife (Dunn County)
  • Comments:
    • CLR has a permit for another Thorp Federal well, to be sited in SWNW 21-148-97, 1826 FNL and 1160 FWL
    • Oasis has permits for three wells (Rilynn Federal, Rynn Lee Federal, Lindvig Beck Federal), to be sited in SESW / SWSW 2-152-101; 
      • the three wells will be sited between 979 FSL and 1014 FSL and between 1329 FWL and 1273 FWL;

Seven Whiting Wells In Sanish Oil Field Just Went Off Line -- August 31, 2021

The well:

  • 16780, 2,247, Whiting, Liffrig 11-27H, Sanish, t1/08; cum 683K 12/20; cum 691K 6/21; went off line 7/21; sundry forms not helpful; last sundry form from 2017; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202100004699464455
BAKKEN6-20213097710031664754473717
BAKKEN5-202129918936186422842280
BAKKEN4-20213013931355239649864980
BAKKEN3-20213114131407264637462109
BAKKEN2-20212813081325230495248120
BAKKEN1-20213115011580259504048796

Three wells of interest in parallel with this well:

  • 32088, 787, Whiting, Fladeland 13-27H, Sanish, t9/17; cum 345K 6/21; just went off line 7/21;
  • 31993, 576, Whiting, Liffrig 11-27-2H, Sanish, t9/17; cum 350K 6/21; just went off line 7/21;
  • 23567, 356, Whiting, McNamara 42-26XH, Sanish, t1/13; cum 337K 6/21; just went off line 7/21;

Now that I've seen all these wells taken off line, let's look at the other wells in the immediate area:

  • 22670, 2,563, Whiting, Fladeland 14-27H, Sanish, t7/12; cum 419K 6/21; just went off line 7/21;
  • 22671, 1,006, Whiting, Fladeland 13-27TFH, Sanish, t8/12; cum 248K 6/21; just went off line 7/21;
  • 31854, 574, Whiting, McNamara 42-26-2XH, Sanish, t9/17; cum 334K 6/21; just went off line 7/21;

The GIS map is not helpful explain this. 

These wells will be placed on the well that need to be followed up.