A Closer Look At The EOG Squaw Creek Case From The January, 2022, NDIC Hearing Dockets -- December 25, 2021

From the January, 2022, NDIC hearing dockets:

Case 29167, EOG, Squaw Creek-Bakken, i) establish an overlapping 960-acre unit, W/2 of sections 8/17/20-149-94, four wells; ii) amend order # 30870 to terminate two existing 1280-acre units which authorizes eleven wells on each, and terminate an existing 2560-acre unit which authorizes two lease-line wells in Zone XIX, and instead create and establish an overlapping 2560-acre unit, section 9/10/15/16-149-94, authorizing fifteen wells; McKenzie County;

In the graphic below, the 2560-acre unit is depicted by the sections with the red stars. The horizontal wells will likely be sited along the section line between the two "northern" sections and the two "southern" sections with half of the new wells boring to the north; and half of the wells boring to the south.

The four parent wells and one vertical well:

• 15689, 47, Leland Oil & Gas, Calf Women 1-16, Squaw Creek, a Madison well; t5/05; cum 66K 10/21; intermittent production for several years; spacing unit of 1/4th section, 160 acres.

• 22232, PNC, EOG, Mandaree 105-0910H, Squaw Creek, permitted as a Three Forks well;
  

• 18464, 1,424, EOG, Mandaree 1-10H, Squaw Creek, t9/10; cum 231K 10/20; note small jump in production in late 2020, ten years after it was originally drilled:
  

BAKKEN	1-2021	31	1150	1195	360	2135	1713	0
BAKKEN	12-2020	31	1256	1336	417	1994	1572	0
BAKKEN	11-2020	30	1306	1275	516	2093	1687	0
BAKKEN	10-2020	31	1499	2050	627	2351	1929	0
BAKKEN	9-2020	27	1310	1118	923	1589	1222	0
BAKKEN	8-2020	4	2	0	8	48	0	0
BAKKEN	7-2020	30	748	907	183	938	539	0
BAKKEN	6-2020	21	475	112	87	586	306	0
BAKKEN	5-2020	7	148	0	9	176	95	0
BAKKEN	4-2020	22	426	507	163	521	194	32
BAKKEN	3-2020	31	704	700	203	637	224	0
BAKKEN	2-2020	11	176	120	174	142	0	0
BAKKEN	1-2020	22	528	591	153	834	405	134
BAKKEN	12-2019	31	773	770	263	1683	1261	0
BAKKEN	11-2019	30	775	776	210	1422	937	77

• 18774, 526/off line, EOG, Mandaree 5-16H, Squaw Creek, t10/10; cum 215K 9/21; note small jump in early 2020, after beeing drilling 2010, ten years earlier:
  

BAKKEN	4-2020	30	1694	2105	1351	1990	0	1583
BAKKEN	3-2020	20	1903	1901	1297	2257	0	2000
BAKKEN	2-2020	29	2404	2455	2411	2703	0	2313
BAKKEN	1-2020	31	1911	1869	3075	2161	0	1756
BAKKEN	12-2019	4	157	0	203	60	0	49
BAKKEN	11-2019	12	282	211	108	468	0	310
BAKKEN	10-2019	31	715	907	269	1224	0	802
BAKKEN	9-2019	30	752	895	304	1176	0	776
BAKKEN	8-2019	31	752	658	418	1275	0	853

• 18697, 927, EOG, Mandaree 4-15H, Squaw Creek, t8/10; cum 316K 10/21; note small jump in early 2020, after being drilled in 2010, ten years earlier:
  

BAKKEN	8-2020	21	1343	1125	455	1257	0	979
BAKKEN	7-2020	31	2781	3508	1040	2776	0	2372
BAKKEN	6-2020	22	1557	460	499	1242	0	952
BAKKEN	5-2020	7	412	367	143	439	0	370
BAKKEN	4-2020	30	4954	5363	2436	5283	0	4880
BAKKEN	3-2020	10	630	645	756	603	0	523
BAKKEN	2-2020	3	612	445	673	644	0	612
BAKKEN	1-2020	0	0	0	0	0	0	0
BAKKEN	12-2019	0	0	235	0	0	0	0
BAKKEN	11-2019	12	375	211	69	509	0	351
BAKKEN	10-2019	31	1034	1136	211	1421	0	999
BAKKEN	9-2019	30	913	895	192	1362	0	974
BAKKEN	8-2019	31	970	880	239	1450	0	1037
BAKKEN	7-2019	31	978	1148	220	1517	0	1095
BAKKEN	6-2019	30	989	1070	205	1510	0	1102

Oilprice.com's Top Five Oil And Gas "Picks" For 2022 -- December 25, 2021

I had no plans to post this, for various reasons, but upon reviewing the article again, some thoughts:

• most agree, that of the major integrated E&P companies, CVX is by far the best (at this time) and yet CVX does not appear on this list; 
• CVX appears on almost everyone else's list of top picks;
• XOM is consistently and frequently considered a "dud"; and, then look at this:
• there seems to be one outlier: NOG

December 25, 2021: top five oil and gas picks by oilprice.com: 

• XOM
• COP
• Cenovus Energy, Inc (CVE)
• Cheniere (LNG)
• NOG

Motley Fool: two energy stocks below $4 with returns of more than 400%, link here:

• Baytex, look at that P/E of 1.63; pays no dividend; huge free cash flow; Western Canadian Sedimentary Basin and the Eagle Ford in the US;
  
• Pipestone Energy (PIPE.TO): pure-play condensate-rich Montney asset in the Pipestone area near Grande Prairie, "with decades of high value condensate development potential"
  

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Christmas Gift

Merry Christmas -- For The Grandchildren -- For The Archives -- December 25, 2021

Wow, what a beautiful day. 

Sophia and her family were at our little hovel last night, Christmas Eve, to well after midnight, enjoying twenty+ different hors d'oeuvres and desserts -- everything from wings to nachos to chicken puffs to salmon spread to cheesecake -- everything homemade -- except the eggnog and brandy, and the Sees candy. LOL. 

Eggnog is typically made with rum, brandy or bourbon, and some like to start with a combination of dark rum and cognac. But there's no need to go premium; some recommend using an affordable, high-proof VS cognac. The higher alcohol level will cut through the sweetness of the rest of the ingredients.

Ten most popular desserts around the world: cream brulee (France); mochi (Japan); apple pie (USA); nanaimo bar (Canada); gulab jamun (India); pakhlava (Turkey); karinalschnitten (Austria), dadar gulung (Indonesia), poffertjes (the Netherlands); and, kremes (Hungary).

And opening presents. Some very nice presents -- photos later, perhaps. 

We slept in a bit this morning, still in bed watching A Christmas Story. Then my tour de force, chorizo and eggs. The Galileo thermometer says it's 78°F inside; our thermostat: 78°F. Wow. And we did not have to "plug" in the Galileo thermometer. It was a gift from Olivia and Arianna.

What an incredibly beautiful day -- sunny, and not a cloud in the sky. 

Outside it's 73°F with a high of 81°F forecast for this afternoon, and slightly warmer tomorrow when our older daughter will be paddle boarding on Lake Grapevine. 

Walking outside to deliver some early morning gifts, this reminded me of my first winter in southern California. Growing up in the Dakotas I never imagined it could be so warm in December. To be honest, I don't think anyone is complaining about not scraping ice off their windshields in north Texas today. 

Sophia's modern art:

The grandsons, Christmas Day:

Not quite two years old and their favorite present and favorite activity: books and reading.