With This, We've Jumped The Shark -- January 9, 2022

I assume there is a whole "Fauci" section, situated somewhere between "Fiction" and "Non-Fiction."

Link here.

An Old Slawson Well Goes Over 500K Bbls Crude Oil Cumulative -- January 9, 2022

The well:

• 19368, 154, Slawson, Submariner Federal 1-23-24H, Van Hook, Bakken, t8/11; cum 392K 4/18; cum 536K 11/21;
  

The well was drilled in 2011: look at this jump in production in the summer of 2019.

BAKKEN	7-2019	31	12069	12321	14755	9250	6079	1706
BAKKEN	6-2019	30	12949	12445	17946	8846	0	7292
BAKKEN	5-2019	24	8927	9649	9847	5998	0	4925
BAKKEN	4-2019	9	1893	1366	470	1274	0	1028
BAKKEN	3-2019	18	5032	5341	4005	3350	0	2728
BAKKEN	2-2019	4	2347	1784	1461	1565	0	1297
BAKKEN	1-2019	8	3686	4576	3646	2450	0	2021
BAKKEN	12-2018	12	3951	3140	4155	2841	0	2333
BAKKEN	11-2018	13	6323	5726	4761	4009	0	3309
BAKKEN	10-2018	0	0	0	0	0	0	0
BAKKEN	9-2018	0	0	0	0	0	0	0
BAKKEN	8-2018	1	14	319	1	5	0	0
BAKKEN	7-2018	9	647	851	248	517	381	23

Full production here.

A Mediocre Well Off Line Since December, 2019, Now Comes Back As A Pretty Good Well -- January 9, 2022

This is what the Bakken is all about.

The well:

• 18948, 1,912, WPX/Zenergy, Dakota-3 KYW 27-34H, Spotted Horn, Bakken; produced first few days, then nothing; t10/10; cum 365K 11/21; full production here:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	30	3068	3040	1707	9114	8657	0
BAKKEN	10-2021	31	2354	2446	1391	4144	3987	0
BAKKEN	9-2021	30	170	0	348	188	162	0
BAKKEN	8-2021	0	0	0	0	0	0	0
BAKKEN	7-2021	0	0	0	0	0	0	0

Taken Off Line, 3/20 -- Now, Back On Line 11/21 -- January 9, 2022

The well:

• 18507, A/IA/1,946, WLL, Lahti 24-22H, Sanish, Bakken, t6/10; cum 570K 3/20 off line 4/20; remains off line 5/21; cum 571K 11/21;

Because NDIC data is way out of date, unable to tell what might be going on. But this huge well went off line almost two years ago and is now brought back on line.

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	28	611	579	199	1836	1780	1
BAKKEN	10-2021	0	0	0	0	0	0	0
BAKKEN	9-2021	0	0	0	0	0	0	0

If It's Sunday, It's Time For "Focus On Fracking" -- January 9, 2022

We'll see a new "edition" later tonight. Link here.

EOG Doubles Its Dividend On a Year/Year Quarterly Basis -- January 9, 2022

Link here. 

Due to variable dividends, etc., it's getting more difficult sorting out changes in dividend rates.

For EOG, for the dividend to be paid at the end of January, 2022 (1/28/22 -- 75 cents) all one can do is compare to the same quarter one year earlier, 1/29/21 - 37.5 cents.

37.5 cents to 75 cents = a doubling of the quarterly dividend.

Pfizer Raises Its Dividend One Cent -- January 9, 2022

Link here. 

AMGN Recently Announced Increase In Dividend -- January 9, 2022

Link here. 

1.76 --> 1.94 =  10.2% increase in dividend.

Slawson Has A Nice Well -- Drilled Back In 2015 -- January 15, 2022

This well had some issues when it was first drilled but eventually came around to a great well. 

The well:

• 22228, 2,228, Slawson, Vixen Federal 2-19-30H, Van Hook, t3/15; cum 7K 10/15; on-line only 1 - 4 days per month since it was first tested; one day on-line each month, essentially for the past 8 months; full production here; cum 412K 11/21;
  

Recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	30	3948	3815	1108	4110	3960	0
BAKKEN	10-2021	31	4373	4379	1218	4657	4416	86
BAKKEN	9-2021	30	4559	4489	1323	4808	4417	241
BAKKEN	8-2021	31	5116	5360	1948	5157	5002	0
BAKKEN	7-2021	31	4167	3893	2285	3595	3440	0
BAKKEN	6-2021	30	5105	5255	1063	5210	5060	0
BAKKEN	5-2021	31	6064	5968	1075	5420	5265	0
BAKKEN	4-2021	25	3560	3770	720	2257	2099	31
BAKKEN	3-2021	31	4128	4198	814	2555	2391	9
BAKKEN	2-2021	28	3979	3976	838	2227	2062	25
BAKKEN	1-2021	27	4239	4028	885	2280	2124	21
BAKKEN	12-2020	21	3027	3204	1112	1787	1680	2
BAKKEN	11-2020	30	4496	4560	1569	2818	2648	20
BAKKEN	10-2020	31	4674	4473	1872	2824	2669	0
BAKKEN	9-2020	30	4739	4723	1655	2786	2636	0
BAKKEN	8-2020	24	2033	1989	841	1145	1025	0

An XTO Well In Garden Oil Field Has Just Come Off Line -- January 9, 2022

The well:

• 29177, 1,209, XTO, Moses 21X-9B, Garden, t41/5; cum 56K 10/15; cum 167K 10/21; off line 11/21; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	0	0	0	0	0	0	0
BAKKEN	10-2021	24	624	632	392	3149	2935	0
BAKKEN	9-2021	30	973	1126	631	4363	4159	0
BAKKEN	8-2021	31	1076	1043	706	4678	4467	0
BAKKEN	7-2021	31	1203	1006	729	4893	4681	0
BAKKEN	6-2021	30	1293	1446	721	5019	4463	359
BAKKEN	5-2021	31	1600	1693	790	6208	4932	1065
BAKKEN	4-2021	30	2156	1925	1044	8368	4940	3220

Unable to say what might be going on because the NDIC map is far outdated. According to scout tickets, three of five wells in this area are off line for no obvious reason. They are all short laterals (one section drilling unit).

This Is Pretty Cool. Last Month I Noted A Great MRO Well Taken Off Line; Today It's Back On Line -- January 9, 2022

The well that is now back on line:

• 28075, 3,255, MRO, Anthony USA 23-14H, Moccasin Creek, t2/15; cum 492K 3/20; went off line 2/21; cum 513K 1/21;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	11	865	860	506	222	200	0
BAKKEN	10-2021	0	0	0	0	0	0	0
BAKKEN	9-2021	0	0	0	0	0	0	0
BAKKEN	8-2021	0	0	0	0	0	0	0
BAKKEN	7-2021	0	0	0	0	0	0	0
BAKKEN	6-2021	0	0	0	0	0	0	0
BAKKEN	5-2021	0	0	159	0	0	0	0
BAKKEN	4-2021	0	0	0	0	0	0	0
BAKKEN	3-2021	0	0	0	0	0	0	0
BAKKEN	2-2021	1	50	95	24	18	10	0
BAKKEN	1-2021	31	3413	3635	1339	1787	1386	23
BAKKEN	12-2020	31	3945	3892	1385	1767	1237	60

Let's look at the pad: a 12-well (8/4) pad in a fan-shaped pattern, south of a two-well pad, only #20642 of interest in this case:

• 20644, 1,221, MRO, Good Bear USA 31-14H, Moccasin Creek, t12/11; cum 257K 11/21; was off line 2/21 - 4/21 but o/w nothing of interest;
• 20642, 1,137, MRO, Good Bear USA 21-14H, Moccasin Creek, t10/11; cum 416K 11/21; was off line 2/21 - 4/21, as was the other one, but o/w nothing of interest; 

But let's look at the older 4-well pad on the larger 12-well pad:

• 28076, 3,255, MRO, Hale USA 23-14TFH, Moccasin Creek, t2/15; cum 303K 11/21; was off line 2/21 - 10/21; back on line 11/21;
• 28075, see above,
• 24744, 2,715, MRO, Fox USA 14-1H, Moccasin Creek, t1/15; cum 512K 11/21; was off line 11/20 - 10/21; (almost a year); after coming back on line:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod		Vent/Flare
BAKKEN	11-2021	30	13570	13597	9030	9988		640
BAKKEN	10-2021	31	18255	18013	19646	11757	10532	602
BAKKEN	9-2021	1	14	13	25	9	6	2
BAKKEN	8-2021	0	0	0	0	0	0

• 24745, 1,916, MRO, Melvain Fox USA 14-4TFH, Moccasin Creek, t2/15; cum 584K 11/21; was off line 2/21 - 10/21; (almost a year); after coming back on line:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	20	3688	3665	19808	1590	1493	0
BAKKEN	10-2021	0	0	0	0	0	0	0
BAKKEN	9-2021	0	0	0	0	0	0	0
BAKKEN	8-2021	0	0	0	0	0	0	0
BAKKEN	7-2021	0	0	0	0	0	0	0
BAKKEN	6-2021	0	0	0	0	0	0	0
BAKKEN	5-2021	0	0	125	0	0	0	0
BAKKEN	4-2021	0	0	0	0	0	0	0
BAKKEN	3-2021	0	0	0	0	0	0	0
BAKKEN	2-2021	1	37	77	29	12	7	0
BAKKEN	1-2021	31	2760	2893	1817	1691	1312	21
BAKKEN	12-2020	31	2766	2745	1851	2305	1812	88

Halo Effect: We Now Know Which Way The FBIR Johnson Wells Run (East-To-West) -- January 9, 2022

Now that the Rimrock FBIR Johnson wells have come off confidential status we know which way the horizontals are running.

And, whoo-hoo, I was correct; they run east to west: all of section 11; east half of section 10 and west half of section 12: 1280-acre spacing, one full section plus two halves of adjoining sections.

These wells are tracked here.

Of interest was the effect these east-to-west horizontals would have on the following north-to-south wells:

• 19696, not taken off line, jump in production; see below.
• 24131, not take off line; slight jump in production; see below.
• 24132, recently off line; maybe slight jump in production;
• 24130, not taken off line; production a bit down, if anything.
• 20417, taken off line; back on line; not jump in production.

Previously producing wells affected by new wells:

• 24131:
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	26	1825	1734	2284	1337	1149	0
BAKKEN	10-2021	27	1212	1204	1987	884	693	0
BAKKEN	9-2021	30	875	856	3241	741	533	0
BAKKEN	8-2021	31	1003	1050	1496	1099	868	0
BAKKEN	7-2021	31	910	880	1361	987	762	0
BAKKEN	6-2021	30	816	842	1262	982	760	0
BAKKEN	5-2021	31	811	823	1414	827	827	0

• 19696:
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	26	1860	1864	1535	987	810	0
BAKKEN	10-2021	31	2639	2503	646	1618	1399	0
BAKKEN	9-2021	24	538	508	464	556	387	0
BAKKEN	8-2021	31	295	313	105	584	354	0
BAKKEN	7-2021	31	307	300	215	629	398	0

The interesting thing: the new wells were perforated / fracked west of the producing wells running south from that four-well pad.

The graphic:

CLR Harrisburg Wells On Indian Hill Are Starting To Produce -- January 9, 2022

The new CLR Harrisburg wells on Indian Hill just south of Williston on the other side of the river are now starting to show production. These wells are tracked here. 

This is a typical new Harrisburg well:

• 37658, conf, CLR, Harrisburg 5-27H, Indian Hill, first full month production, 22K 11/21; t--; cum 22K 11/21;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	26	22474	22323	35145	17795	17466	0
BAKKEN	10-2021	4	695	695	2247	101	0	80

Sunday Morning Coming Down -- January 9, 2022

Taxes:

• disclaimer: this is not financial advice or tax advice; I have no formal background in financial planning or taxes; I often misread things and misunderstand things. This is for my benefit only. The only benefit, I suppose, for readers, is to remind them that "things have changed."
  
• "too late" to do much about 2021, now
• one exception: grace period until April 1, 2022, for first time IRA RMDs
• looking forward, RMDs for 2022: IRS has published changes; tables and links explaining some of these changes for those who find the IRS publications difficult to interpret:

Link here.

The finalized rules go into effect on January 1, 2022. This rule change is in addition to the CARES Act waiving 2020 RMDs, the SECURE Act increasing the RMD age to 72, and new post-death distribution rules. RMD rules don't apply to Roth IRAs and any amounts in Health Savings Accounts (HSAs).

Other links:

• new rules, johnstonsunrise.net;
• updated tables, cpajournal.com;
• 2021 single life expectancy table;

Europe: energy crisis. Germany goverment addresses spiralling energy prices. Link to Reuters. Lots of talk, little action.

• half of German households heat with natural gas;
• one-fourth of German households heat with heating oil;
• when we lived on the economy in German back in the 1980s, we heated with heating oil; incredibly ridiculous then; more so now;

US: Covid-19 -- US distributes a whopping, unprecedented record-setting amount of vaccine doses. and then this:

Jargon: Lateral flow tests; what are they?

OPEC: reserves. Interesting how the same data is viewed by different folks. 

US energy dominance, 2022 theme, link here. Wow, wow, I'm glad I didn't write this ... just think, from the tweet below, "the US exported 18.6 billion bbls of oil per day....."

Initial Production Data For Wells Coming Off Confidential List This Next Week -- January 9, 2022

The wells:

• 38357, conf,  CLR, Dolezal FIU 8-5H1, Chimney Butte, no production data,
• 38338, conf,  Resonance Exploration, Resonance Fylling 12-36H, West Roth, no production data,
• 38263, conf,  CLR, Pletan 9-18H1, Jim Creek, no production data,
• 38076, conf, Slawson, Muskrat Federal 7-28-33TFH, Big Bend, no production data,
• 38075, conf, Slawson, Muskrat Federal 6-28-33TFH, Big Bend, no production data,
• 38358, conf, CLR, Dolezal FIU 7-5H, Chimney Butte, no production data,
• 38320, conf, CLR, Dvirnak 11-7H, Jim Creek, no production data,
• 37447, conf, Koda Resources, Porter 2635-1BH, Bar Butte,

Date	Oil Runs	MCF Sold
11-2021	14273	7031
10-2021	12983	774
9-2021	11602	0
8-2021	388	0

• 38396, conf, CLR, Dvirnak 10-7HSL1, Corral Creek, no production data, 
• 37233, conf, Bruin, Wm Polar 157-101-24D-13-3B, Otter,
  

Date	Oil Runs	MCF Sold
11-2021	8252	6628
10-2021	11971	9248
9-2021	8833	8023
8-2021	12155	7348
7-2021	17267	16073

• 37132, conf, Hess, BL-Frisinger-LE-156-95-2804H-1, Beaver Lodge,
  

Date	Oil Runs	MCF Sold
11-2021	22482	40240
10-2021	18696	30056
9-2021	30545	44549
8-2021	210	939
7-2021	22513	7228

• 38395, conf, CLR, Pletan 8-18HSL, Jim Creek, no production data, 
• 37337, conf, Whiting, Miller 44-10HU, Sanish,
  

Date	Oil Runs	MCF Sold
11-2021	22477	25701
10-2021	21856	21446
9-2021	22087	18218
8-2021	5688	4650
7-2021	2753	0

• 38323, conf, Petro-Hunt, Tomlinson 161-100-2A-11-2H, Alexandria,
  

Date	Oil Runs	MCF Sold
11-2021	4330	2383
10-2021	175	76

• 37129, conf, Hess, BL-Frisinger-156-9502833H-3, Beaver Lodge,
  

Date	Oil Runs	MCF Sold
11-2021	11589	27485
10-2021	14821	24815
9-2021	16678	27687
8-2021	14969	12273
7-2021	27280	9549

• 37234, conf, Bruin, Wm Polar 157-101-24C-13-7B, Otter,
  

Date	Oil Runs	MCF Sold
11-2021	13005	10378
10-2021	11254	9306
9-2021	10620	8827
8-2021	15211	9520
7-2021	6265	3716

• 38351, conf, Resonance Exploration, Resonance Wilmot 8-27H, South Westhope,
  

Date	Oil Runs	MCF Sold
11-2021	416	0
10-2021	2007	0
9-2021	828	0

• 37002, conf, CLR, LCU Reckitt Federal 5-22H1, Long Creek, no production data,