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Tuesday, November 9, 2021

The Incredible MRO "Monson" Pad In The Antelope-Sanish Field -- November 9, 2021

See "the Monson pad" for the graphics and names of these wells. Link here. I brought them forward just to note how incredibly productive these wells are.  

Data points:

  • to complete a well: $7 million (or less)
  • $40 / bbl
  • 175,000 bbls * $40 = 7 million

Production:

  • 37733, cum 143K 9/21.
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH9-20213021804217011497361246605160
SANISH8-2021312534925381175495034848248596
SANISH7-20213136506366022419658697565600
SANISH6-2021305933360323512709886595069361
  • 37734, cum 159K 9/21.
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH9-20213026240261932005169736689320
SANISH8-20213141048410392738984406809611004
SANISH7-20212948984489193266479521766520
SANISH6-20211842967434413484765462629850
  • 37735, cum 212K 9/21.
oolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH9-20212225292252821343052594519070
SANISH8-20213144356443942356190103863931075
SANISH7-20213060847609182958198793952290
SANISH6-202127818738146236852114125109288137
  • 37736, cum 145K 9/21.
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH9-20213024367243132254452321515730
SANISH8-20213136681365542894781433782001038
SANISH7-20213123841240202928437064356710
SANISH6-2021236050860186511837103167182400
  • 37737, cum 193K 9/21.
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH9-20213024330243341186963729629890
SANISH8-20213144431444381971289913862021072
SANISH7-20213055792558202389788349850860
SANISH6-20212668115677532807110002195485618

The Hess GO-Braaten Wells

Updates

February 27, 2022: production updated at this post. 

Original Post

Contrary to expectations, it looks like the daughter wells are going to be a whole lot better than the parent well. 

The wells:

  • 38060, loc, Hess, GO-Braaten-156-97-2833H-2, Dollar Joe, SESW 21-156-97, 350 FSL 1569 FWL,
  • 38061, loc, Hess, GO-Braaten-156-97-2833H-3, Dollar Joe, SESW 21-156-97, 350 FSL 1536 FWL,
  • 38062, loc, Hess, GO-Braaten-156-97-2932H-3, Dollar Joe, SESW 21-156-97, 350 FSL 1470 FWL,
  • 38063, loc, Hess, GO-Soine A-156-97-2932H-2, Dollar Joe, SESW 21-156-97, 350 FSL 1437 FWL,
  • 38090, drl/drl, Hess, GO-Braaten-LW-156-97-2833H-1, Dollar Joe, SEW 21-156-97, 350 FSL 1503 FWL,  first production, 8/21; t--; cum 61K 9/21; see below
  • 20372, 451, Hess, GO-Braaten-156-97-3328H-1, Dollar Joe, t10/11; cum 122K 9/21;

 Production:

  • 38090:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20212729878299518226254836516513185
BAKKEN8-20212431613314225516251051348861616
  • 38060:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202128260822621711177079932752904642
BAKKEN8-202111394173917954612721584931022848
  • 38062:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20211918647187506120640191378572334
BAKKEN8-2021529258290812381621952150016951

  • 38063:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20212946332461496186852812497453067

 ******************************

From January 7, 2021, four new permits:

  • Operator: Hess
  • Field: Dollar Joe
  • Comments:
    • 38060, loc, Hess, GO-Braaten-156-97-2833H-2, Dollar Joe, SESW 21-156-97, 350 FSL 1569 FWL,
    • 38061, loc, Hess, GO-Braaten-156-97-2833H-3, Dollar Joe, SESW 21-156-97, 350 FSL 1536 FWL,
    • 38062, loc, Hess, GO-Braaten-156-97-2932H-3, Dollar Joe, SESW 21-156-97, 350 FSL 1470 FWL,
    • 38063, loc, Hess, GO-Braaten-156-97-2932H-2, Dollar Joe, SESW 21-156-97, 350 FSL 1437 FWL,

Let's GO-Braaten -- Hess Reports A Monster Well; Ten Permits Renewed; Oasis WIth A New Pemit; Three DUCs Reported As Completed -- November 9, 2021

Fed: it's a win-win for investors. Either Jay Powell will be re-appointed or Lael Brainard will be appointed. The former has done a superb job and investors "know" and "trust" him. Lael? She's even more dovish. 

Lael, meaning? Belonging to God, onto God.
The name Lael occurs only once in the Bible. Lael was the father of Eliasaph, the leader of the Gershonite Levites at the time of the first census of Israel (Numbers 3:24). Nothing further is known about this man. 

    Etymology: this is really, really cool. Two syllables:

  • first syllable: "la"
  • second syllable: "el"

The second syllable should be known by all. This is the prominent Canaanite deity whose name became applied to the God of Israel, or the common abbreviation of Elohim, the genus God. Another example, "Bethel: beth-el --> home of God.

The first syllable, "la," simply means belonging to.

***************************************
The Situation Is Being Monitores

Brandon is monitoring the situation: Line 5. Link to Charles Kennedy

Oil jump today: caught me by surprise. The good news: Brandon and his team in the White House are monitoring the situation. 

One and done. When Brandon announces an SPR release it will be a waffling amount -- afraid to "go big." At most, WTI drops from $84 to $80. That will be the last arrow in that quiver, the SPR release. If OPEC diverts an equal amount of oil to India, Asia or cuts production or unable to meet quotas, oil reverses and there is no Plan B. Keystone XL, "miss me now?"

SRE; 3Q21 earnings call is available. Earlier, it had been reported that SRE met estimates.

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

Active rigs:


$84.37
11/9/202111/09/202011/09/201911/09/201811/09/2017
Active Rigs3215556652


One new permit, #38644:

  • Operator: Oasis
  • Field: Baker (McKenzie)
  • Comments: Oasis has a permit for a Linda Federal well in SESE 12-153-102, 338 FSL and 680 FEL;

Ten permits renewed:

  • BR (5): four Tilton permits and one Harry Dunne permit, all in Dunn County;
  • Murex (4): four Skari permits -- the Iner Skari permit; the Laura Skari permit; the Vernon E. Skari permit; and, the Evar P Skari permit; all in McKenzie County;
  • Bowline (1):  Tilton permit in McKenzieCounty according the NDIC's daily activity report but that's in error; Bowline's (Nine Point Energy's) #29956 is not a Tilton permit, but the Novak 152-102-35-26-6H, located in Elk oil field, SEE 35-152-102; one wonders how many more errors exist in the daily activity reports when data points can't be cross-checked with scout tickets.

Three producing wells (DUCs) reported as completed:

  • 37043, 525, CLR, Simmental Federal, Elm Tree, reported five days of production in July, 2021;
  • 38192, 370, Ovintiv, Olson 152-96-30-31-16H, Westberg; looks like a good well; see below.
  • 38090, 4,145, Hess, GO-Braaten-LW-156-97-2833H-1, Dollar Joe, a very, very nice well; see below;

The Hess well:

  • 38090, 4,145, Hess, GO-Braaten-LW-156-97-2833H-1, Dollar Joe, a very, very nice well;
oolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20212729878299518226254836516513185
BAKKEN8-202124316133142255162510513488616165

The Ovintiv well:

  • 38192, 370, Ovintiv, Olson 152-96-30-31-16H, Westberg; looks like a good well;
DateOil RunsMCF Sold
9-20211588646067
8-20211030822125

More Evidence How The Bakken Destroyed Hubbert's "Peak Oil" Theory -- November 9, 2021

This parent well, went from "active" to "inactive" to "inactive with a waiver" and then to "abandoned." This well looked dead. It was taken off line 1/20, and prior to that petering out. But then, almost two years later, this well is brought back on line and shows significantly higher production after being off line for almost two years.

The well:

  • 16698, IA/AB-->IA/369-->A-->IA-->IAW-->AB, CLR, Oakdale 11-12H, 12-146-96, 2 sections; t12/07; cum 244K 12/19; remains off line 5/21; back on line 6/21; cum 246K 9/21;
See full production profile here.

CLR's Harrisburg Wells In Indian Hill -- November 12, 2021

Updates

March 11, 2023: production updated.

Original Post

See graphics at this post.

The wells:

  • From the south, running north:
    • 28405, 980, CLR, Harrisburg 1-34H, Indian Hill, t10/14; cum 336K 8/21; off line 9/21; remained off line 10/21; might be coming back on line 11/21; back on line 3/22; cum 341K 8/22; this is pretty cool, this is the first well you see on the east side of US 85 exactly 3.9 miles south of the bridge. Cum 346K 1/12;
    • 37499, loc/A, CLR, Harrisburg 6-34H, Indian Hill, t--; cum 144K 8/22; cum 190K 1/23;
    • 37500, loc/A, CLR, Harrisburg 7-34H,SL Indian Hill, first full month production, 33K 11/21; t--; cum 36K 11/21; cum 155K 8/22; cum 214K 1/23;
  • From the north, running south:
    • 37659, 1,267, CLR, Harrisburg 4-27H, Indian Hill, first full month production, 25K 11/21; t--; cum 25K 11/21; cum 211K 1/23;
    • 37660, 1,380, CLR, Harrisburg 3-27H, Indian Hill, first full month production, 21K 11/21; t--; cum 21K 11/21; cum 187K 1/23;
    • 37661, 1,429, CLR, Harrisburg 2-27HSL, Indian Hill, full month production, 28K 11/21; t--; cum 28K 11/21; cum 233K 1/23;
    • 37658, conf, CLR, Harrisburg 5-27H, Indian Hill, first full month production, 22K 11/21; t--; cum 22K 11/21; cum 189K 1/23;

Production of selected wells:

  • 28405:
oolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-202331103211754935987192404
BAKKEN12-202231125112175262992449153
BAKKEN11-2022268596154786671144219
BAKKEN10-2022311032957623710126120
BAKKEN9-20223011091212701511227390
BAKKEN8-202231102012477204105256986
BAKKEN7-20223185264572449955960
BAKKEN6-2022309068967631916367159
BAKKEN5-20222762254471834471130
BAKKEN4-20222568480771454451340
BAKKEN3-202212151223297314560
BAKKEN2-202220074100
BAKKEN1-20220000000
BAKKEN12-20211318401829147280
BAKKEN11-20217900309105810
BAKKEN10-2021200302100
BAKKEN9-20210000000
BAKKEN8-202122674107411727985940
BAKKEN7-2021291100933199313319890
BAKKEN6-20213011251151207515591006187
BAKKEN5-202131129912272268167612870
BAKKEN4-202130124612172181155711800
BAKKEN3-20212811021230198712529150
BAKKEN2-202128136413162021173913760
BAKKEN1-202131156815832539202716240
BAKKEN12-202031160515852642205816550
BAKKEN11-2020301435161127241726131620
BAKKEN10-202031140112652753158711840
BAKKEN9-202030128212222714148010900
BAKKEN8-202031129011962852145310560
BAKKEN7-20203010081535247110186860
BAKKEN6-20200000000
BAKKEN5-20201129108005444010
BAKKEN4-2020257266521866180014850
BAKKEN3-202031136912643498543935641480
BAKKEN2-20202922002341369351653983805
BAKKEN1-20203133833346458613634132330
BAKKEN12-201931357938324051619957960
BAKKEN11-2019302707238536843739327080
BAKKEN10-20193124782540364930842466215
BAKKEN9-20193024222561377331662577200
BAKKEN8-2019312379231937143049262230
BAKKEN7-20193123102011415428872200285
BAKKEN6-20193019491908434421851260556
BAKKEN5-201929154017383672224318940
BAKKEN4-201930198019633594284424540
BAKKEN3-201931207820263677307326700
BAKKEN2-20192818802012335239733249360
BAKKEN1-2019312066198638043037254690
BAKKEN12-201825142313873172224619300
BAKKEN11-2018302236229938263674325430
BAKKEN10-2018302219233839193861345121
BAKKEN9-201830246324103911474743670
BAKKEN8-20182517841676342136462969376
BAKKEN7-201831282729494335783574350
BAKKEN6-201830254626414105671946391697
BAKKEN5-201831284227454555818681860
BAKKEN4-20183030312974488077237572151
BAKKEN3-201831316732074998590059000
BAKKEN2-20182827082629449451364920216
BAKKEN1-201831335535564929603660360
BAKKEN12-201731323832534870536253620
BAKKEN11-20173032493051489056625381281
BAKKEN10-201731332932855581692069200
BAKKEN9-201730441648395671864873391309
BAKKEN8-201731535252635984768260991583
BAKKEN7-20172129832607422224172257160
BAKKEN6-20172933903720518647904050740
BAKKEN5-201731396440036246548754870
BAKKEN4-201730396136865995550555050
BAKKEN3-20173142044181635558955575320
BAKKEN2-201728407841385999499949990
BAKKEN1-20173046234629600240993944155
BAKKEN12-20163041664283554044864306180
BAKKEN11-20163046314499614344783858620
BAKKEN10-20163150335362687951414231910
BAKKEN9-201630501648047047532553250
BAKKEN8-201631532154627141566046461014
BAKKEN7-20163155625466740356245234390
BAKKEN6-201630599662537097586538801985
BAKKEN5-201631642462217262582042111609
BAKKEN4-201630639963557703586358630
BAKKEN3-20163166616683811359555340615
BAKKEN2-201629649463497888495839381020
BAKKEN1-20163167636808742946994059640
BAKKEN12-201531717871218487510751070
BAKKEN11-201530699572568311571545951120
BAKKEN10-201531732273049098574425773167
BAKKEN9-2015307167702391727015496966
BAKKEN8-20153175367613958375024517051
BAKKEN7-2015317296732310279721407214
BAKKEN6-2015307310731410084722387215
BAKKEN5-201531841383431080952651755090
BAKKEN4-20152959506051917142904115175
BAKKEN3-20153110251101811323276827482200
BAKKEN2-2015578747427225115110
BAKKEN1-2015205632551373373615355560
BAKKEN12-20143115630156511570114556119172639
BAKKEN11-201429167781737417211136201359129
BAKKEN10-201430219132145126124179411791229
BAKKEN9-201441547131128100901009

  • 37661:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-202331873988351763921325201020
BAKKEN12-20223112741127162014822707214590
BAKKEN11-2022299347919717788989687840
BAKKEN10-2022229653100351434719822189690
BAKKEN9-20222814826145502114718969179550
BAKKEN8-20223117875179922413219983187980
BAKKEN7-20223117723177242736417627164300
BAKKEN6-2022301881618704294451395112563230
BAKKEN5-2022312173921800342231360211631775
BAKKEN4-202214305629557944184615230
BAKKEN3-202231136801363726577863879850
BAKKEN2-20222813761138202586511511111510
BAKKEN1-20222922472223933656514523141640
BAKKEN12-20212319811198603143114669143870
BAKKEN11-20212728196279874547121468211250
BAKKEN10-2021314514510911300