The well:
- 30201, conf-->loc/A, Whiting, Klose 21-27-3H, Glass Bluff, nice production, this one is really on the Bakken fringe; south of the river,
to the far west; not much out there; not even sage grouse; cum 128K 11/21; 55 stages; 13.8 million lbs proppants
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 11-2021 | 30 | 10200 | 10190 | 31902 | 13778 | 13115 | 135 |
BAKKEN | 10-2021 | 31 | 12796 | 12772 | 32377 | 12959 | 12346 | 51 |
BAKKEN | 9-2021 | 30 | 10965 | 11248 | 34454 | 11201 | 10451 | 375 |
BAKKEN | 8-2021 | 31 | 16494 | 16211 | 51959 | 16173 | 16148 | 25 |
BAKKEN | 7-2021 | 31 | 17394 | 17575 | 48461 | 11576 | 9079 | 2497 |
BAKKEN | 6-2021 | 30 | 23659 | 23605 | 59900 | 13615 | 7315 | 6300 |
BAKKEN | 5-2021 | 24 | 15448 | 15500 | 37507 | 11253 | 11220 | 33 |
BAKKEN | 4-2021 | 24 | 20664 | 20373 | 44006 | 14809 | 14809 | 0 |
By the way, something very interesting on this scout report. This is probably something that "happens all the time," but this is the first time I have seen it, and then looked at the file report to see why.
See if you can spot the interesting data point in this screenshot:
Later: a reader suggested the interesting data point ... my not-ready-for-prime-time reply --
I am so sorry to waste your time with something so trivial, but for me, following the Bakken like I do, it's important.The permit expired in 2015.Generally when a permit expires, if it is not renewed within a year, it suggests to me the operator no longer cares for that site, no matter what. The operator may even be planning to sell the mineral rights in that area.In this case, the waiver expired in 2015 and wasn't renewed until 2019, four years later. That really caught me by surprise -- such a long gap. The mom-and-pop mineral owners would have thought this site was "long gone."Often when a permit expires it is simply an oversight and the NDIC sends a letter to the operator saying the permit is about to expire and asking if they want to renew the permit.In this case, the NDIC sent the letter, and something I had not seen before, the operator told the NDIC to let the permit expire and go PNC (permit now canceled) because the operator had no desire to drill the well in the current price environment.That usually means the end of that permit "forever." If the operator wants to drill there in the future, the operator will submit a new permit and add an "R" (revised) to the original name.In this case, in 2019, the operator came back and renewed the permit.The reason this is important to me: operators let a huge number of permits expire in 2019 and 2020. I assume those permits would be "lost forever," but it now appears it's relatively easy to go back and renew an old permit. There's a ton of EXP permits and I've always thought they would eventually come back to them. A lot of money went into all the work to do the surveys, etc. necessary for a permit application.One reader suggested to me a long time ago, that operators would easily let permits expire, that cost of developing a permit were not onerous. I don't think I replied, because I did not, but time and expense would not be trivial, in my estimation.Trivial, but it caught my attention, how things work in the North Dakota.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.