Two Wells Coming Off Confidential List -- March 25, 2022

Active rigs:

$112	3/25/2022	03/25/2021	03/25/2020	03/25/2019	03/25/2018
Active Rigs	35	14	50	68	60

Friday, March 25, 2022: 40 for the month, 149 for the quarter, 149 for the year

• 38297, conf, CLR, Rolf Federal 9-17H, Brooklyn, no production data,
  
• 36890, conf, Petroshale, Lewis Federal 2MBH, Bear Den, producing.
  

RBN Energy: changes could help boost nascent bioethylene market, part 2.

Predictions about what the energy market and the global economy might look like in the future can feel a bit like stargazing — the closer something is, the clearer it appears. But if something is really far away, even the Hubble Space Telescope won’t bring it precisely into view, especially if it’s a still-developing solar system or a distant planet. That’s pretty much where things stand with bioethylene, which could become a shooting star but might also end up as a big cloud of dust. In today’s RBN blog, we discuss the developing market for bioethylene: where it’s being made, what changes might make it more economical to produce in the U.S., and its target markets.

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Petroshale -- Bear Den -- Lewis Federal

The well:

• 36890, conf, Petroshale, Lewis Federal 2MBH, Bear Den, producing, see this post.
  
• 4,623 bbls over five days extrapolates to 28K bbls crude oil over 30 days;
• a short lateral, TD: 16,610 feet
• frack: stimulated, 12/21; only 24 stages; 110K bbls (4.6 million gallons of water); 5.4 million lbs proppant;  
• four wells on this pad;
• all four will run directly east to west, see graphic below
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2022	5	4623	4546	2805	6135	0	6135
BAKKEN	12-2021	6	4316	4205	3440	4892	0	4892

The graphic: