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Friday, July 15, 2022

Seven New Permits; Five DUCs Reported As Completed -- July 15, 2022

Canoo: US Army selects Canoo's multi-purpose platform for analysis and demonstration.

Uniper: has begun withdrawing winter natural gas with urgent bailout needed. Bloomberg.

Uniper: German utility giant at risk of "insolvency within days." Link here. From wiki:
Uniper SE is an energy company based in Düsseldorf, Germany. 
Uniper was formed by the separation of E.ON's fossil fuel assets into a separate company that began operating on 1 January 2016.
The company employs about 11,000 employees in over 40 countries. Around one third of the employees are based in Germany. 
It owns a subsidiary company in Russia called Unipro. 
Uniper is listed at the Frankfurt Stock Exchange. Its largest shareholder is the Finnish energy company Fortum with a 75.01% stake. 
The company has faced criticism for opening new coal-fueled power plants in Germany as recently as May 2020. 
Uniper was one of the financiers of the Nord Stream 2 project, which the German government suspended after Russia invaded Ukraine in February 2022
Uniper announced on 28 April 2022 that it will pay for Russian gas in roubles giving in to Russian demands and helping to undercut EU sanctions on Russia.
Big Oil: poised for "exceptional" earnings based on strong refining margins -- sources.

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

WTI
: $98.12.

Natural gas: $6.954.

NDIC GIS map: in-op. 

Active rigs: 43 or thereabouts. 
From a reader: the rig that was added in North Dakota was targeting the Bakken shale in the Williston basin, but the Williston basin count remained unchanged because a Williston basin rig was pulled out of Montana at the same time, which isn't show in the report.
https://bakerhughesrigcount.gcs-web.com/static-files/f0a1dad9-ea32-4b0d-b73c-bfc151a18db0.
Seven new permits, #39090 - #39096, inclusive:
  • Operators: Kraken (5); CLR (2)
  • Fields: Burg (Williams County); Dollar Joe (Williams)
  • Comments:
    • Kraken has permits for two Lyman wells; one Elias well, one Sidney well, and one Jenna well, SESE 20-159-99;
      • to be sited 665 FSL and between 638 FEL and 737 FEL
    • CLR has permits for two Colette wells; NENW 18-155-96; 
      • to be sited between 384 FNL and 437 FNL and between 2243 FWL and 2316 FWL
Five producing wells (DUCs) reported as complete:
  • 38312, 3,489, MRO, Emmet 44-23H, Bailey, first production, 2/22; t--; cum 114K 5/22;
  • 38313, 3,786, MRO, Mastel 14-24TFH, Bailey, first production, 2/22; t--; cum 5/22;
  • 38314, 4,814, MRO, Cameron 14-24H, Bailey, first production, 2/22; t--; cum 133K 5/22;
  • 38571, 753, MRO, Ermina 31-13TFH, Bailey, first production, 3/22; t--; cum 24K 5/22;
  • 38557, 253, Crescent Point Energy, CPEUSC Pankake 2-6-7-157N-99W-MBH-LL, Dublin, no production data;

Other wells of interest:

  • 16736: t1/08; cum 486K 5/22; see this post; a re-fracked MRO Bailey well;
  • 25481: t10/13; cum 373K 2/22: remains off line;
  • 25482: t10/13; cum 312K 2/22; remains off line;
  • 25483: t10/13; cum 203K 12/21; remains off line;
  • 25484: t10/13; cum 151K 5/22; no halo effect;

Halo effect:
16736: t1/08; cum 486K 5/22; definite halo effect;

BAKKEN9-20193011859119951228416053434510362
BAKKEN8-2019311468714591158731874116230964
BAKKEN7-20193118771188782207923061171024143
BAKKEN6-20193022893228083117620766140154676
BAKKEN5-20193124374245254640319440102486967
BAKKEN4-20192629475295359024520752534412964
BAKKEN3-20195450237552027831545572030
BAKKEN2-20190000000
BAKKEN1-20190000000
BAKKEN12-20180000000
BAKKEN11-201812344031969
BAKKEN10-201831844680243786420128
BAKKEN9-20183081791014376647858
BAKKEN8-201831837110313879753029

Initial production:

  • 38312:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-2022313364733590295763049828949375
BAKKEN4-2022283088930924340752649524841594
BAKKEN3-20223043302430885889136235347930
BAKKEN2-2022236168605915541435041720

  • 38313:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-2022313022530169320132799426579352
BAKKEN4-2022282726527306330202479923288555
BAKKEN3-20223039526395825036731579302930
BAKKEN2-2022819846194953270812335117930
  • 38314:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-2022313282332783268862975328211396
BAKKEN4-2022283183031841259932719525526577
BAKKEN3-20223041193413653776833448320630
BAKKEN2-2022927090266112845816855161340

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