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Monday, February 14, 2022

No New Permits; Eighteen Permits Renewed; MRO Reports Eight DUCs Completed; Huge Halo Effect Reported -- February 14, 2022

ISO NE: holy mackerel, less than an hour ago, ISO NE was in relatively good shape. Demand/supply was fine and pricing was only at the 6th decile, $125 / MW. Now, at the peak of the evening commute, and folks starting to cook dinner, things have come off the rails. Link here.
Demand is now over 18,000 MW

  • pricing is at the 8th decile, the highest it can possibly get; and trending toward $400 / MW
  • what happened? Since wind energy is not dispatchable, it couldn't keep up and ISO NE had to rush in with very, very expensive hydroelectricity
    • hydroelectricity: 13%
    • oil: 9%
    • coal: 2%
    • renewable energy: 9% -- tied with oil

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

Active rigs:

$95.00
2/14/202202/14/202102/14/202002/14/201902/14/2018
Active Rigs32
15566557

No new permits.

Eighteen permits renewed:

  • CLR (11): four LCU Foster FIU and six LCU Foster Federal permits, all in Williams County; one Lundberg Federal permit in Dunn County
  • Petro Harvester Operating (6): four LFM2 and two LFM1 permits in Burke County;
  • Liberty Resources: an Ester permit in Mountrail County

Eight producing wells (DUCs) reported as completed (I haven't looked yet, but I bet there are going to be some great wells reported; let's see, holy mackerel, they are all MRO wells):

  • 37733, 6,048, MRO, Kaye USA
  • 37770, 3,664, MRO, Mabel USA
  • 37771, 5,574, MRO, Plenty Horns USA
  • 37772, 3,461, MRO, Little Owl USA
  • 37673, 2,587, MRO, Herman USA,
  • 37674, 4,933, MRO, Hartson USA
  • 37675, 3,359, MRO, Etherington USA,
  • 37677, 1,204, MRO, Ortman USA,

Although I'm way behind and this needs to be updated, the MRO Little Owl pad is tracked here. Maybe some day I will get around to updating it. 

Other wells of interest:

  • 19838, IA/1,069, MRO, Debbie Baklenko USA 12-26H, t6/11; cum 308K 3/21;
  • 18880, 129, MRO, Everett Fisher USA 41-6H, Reunion Bay, t7/10; cum 527K 12/21; huge jump in production; see full production profile here.
  • 21450, IA/1,600, MRO, Jessica USA 21-6TFH, Reunion Bay,  t3/12; cum 372K 3/21;
  • 21243, IA/1,787, MRO, Everett Fisher USA 31-6H, Reunion Bay, t2/12; cum 477K 3/21;
  • 27152, 2,253, MRO, Cloon 14-32H, Reunion Bay, four-section spacing, t8/14; cum 375K 3/21;

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Recent Production: #18880

The well:

  • 18880, 129, MRO, Everett Fisher USA 41-6H, Reunion Bay, t7/10; cum 527K 12/21; huge jump in production; see full production profile here. Hubbert's theory says this is not supposed to happen. Experts said this would not happen.

Recent production:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-2021221137911483568721346208760
BAKKEN11-20213024253242801390337945370610
BAKKEN10-20213133008329762021839638385350
BAKKEN9-2021302550025647243782836627396172
BAKKEN8-2021293636335998991545185448761971
BAKKEN7-20210000000
BAKKEN6-20210000000
BAKKEN5-20210000000
BAKKEN4-20210000000
BAKKEN3-2021231070142231915961178223
BAKKEN2-2021281431134533721581624286
BAKKEN1-2021291438147032321851262673

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