White House Is Monitoring The Surge In The Price Of Oil; Ready To Engage OPEC; EOG Breaks Even At $30; Covers Their Dividend At $36 -- January 18, 2022

Tight physical market points to higher oil prices. Link to Tsvetana Paraskova. I wasn't going to link this article -- it didn't seem to offer anything new but then deep into the article, this surprise:

The premiums for the Forties and Ekofisk grades from the North Sea are at their highest in two years. The prices of crude grades from West Africa have also jumped amid low Libyan supply in recent weeks. The Bakken crude from North Dakota is also trading at its highest level compared to benchmarks in nearly two years, according to Bloomberg’s estimates. 

Just wait until they shut down the DAPL if they want to see price of oil jump. LOL.

Breaking news, White House spokesperson: we still have tools at our disposal to deal with rising oil prices and will engage OPEC as needed. Meanwhile, the permits on pipelines remain pulled and further leasing on federal land remains off-limits. 

 

************************************
Better Than Throwing Trash 

At The Referees, I Suppose

This took place in October, 2021. See if you spot the obvious. 

One thing led to another and before I knew it, I was here:

Come On Eileen, Sugarland and Sara Bareilles
It is amazing Sara Bareilles found time to do this.

EOG Breakeven At $30; Covers Their Dividend At $36 -- January 18 2022

The Never Ending Story -- January 18, 2022

Again, I found this well more than a year ago; never got around to posting it, but in the meantime it has another jump in production. 

The Bakken is simply a never ending story. 

The well:

• 23536, 2,315, Slawson, Gabriel 2-36-25H, North Tobacco Garden, t12/12; cum 347K 11/21; full production here;

And, of course, this well led me to "her" sister well which is an even better well, #24521. This latter well has produced about the exact amount #23536 has produced, but its current production is doing much better.  

For me, I am inappropriately exuberant about the Bakken; a cup that's always half full.

Recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	30	3023	3393	1988	13787	13637	0
BAKKEN	10-2021	31	3157	2896	2169	14043	13888	0
BAKKEN	9-2021	30	4160	4299	2704	18211	18061	0
BAKKEN	8-2021	25	2727	2391	2099	8364	8134	104
BAKKEN	7-2021	31	3243	3312	1964	10966	10811	0
BAKKEN	6-2021	30	4221	4708	2480	13480	13330	0
BAKKEN	5-2021	31	4995	4386	3344	11847	11669	24
BAKKEN	4-2021	2	105	0	319	144	0	135
BAKKEN	3-2021	0	0	0	0	0	0	0
BAKKEN	2-2021	0	0	0	0	0	0	0
BAKKEN	1-2021	5	557	950	517	1526	1493	8
BAKKEN	12-2020	30	4069	4042	3192	9047	8898	0
BAKKEN	11-2020	25	3789	4301	2682	8405	8272	9
BAKKEN	10-2020	26	4433	3586	3163	9208	9078	0
BAKKEN	9-2020	4	314	714	136	841	820	1
BAKKEN	8-2020	31	5168	4715	3699	10992	10753	84
BAKKEN	7-2020	2	9	687	10	22	0	12
BAKKEN	6-2020	0	0	0	0	0	0	0
BAKKEN	5-2020	1	72	0	31	199	194	0
BAKKEN	4-2020	6	909	717	453	1823	1756	37
BAKKEN	3-2020	20	3345	2912	2320	7666	7317	249
BAKKEN	2-2020	27	2791	2912	1622	6438	6302	0
BAKKEN	1-2020	30	3079	3166	1906	7228	6758	0

$300 Oil? January 18, 2022

Link here.

One New Permit; Four DUCs Reported As Completed; WTI At Seven-Year High -- January 18, 2022

Hot sauces: https://www.foxbusiness.com/lifestyle/most-popular-hot-sauces-every-state-in-america.

• National Hot Sauce Day: January 22, 2022
• state rankings per capita
• North Dakota #1: hot sauce bought per capital -- 5.4 ounces / customer
• New Mexico: #2:
• Colorado: #3:
• California: #4
• North Carolina: #5
• favorite hot sauces:
• Sriracha
• Frank's RedHot
• Cholula
• Burman's
• Tapatio
• Tabasco
• Texas Pete
• Heinz (makes me question the list)
• Louisiana
• Valentina

Coal Creek Station, Underwood, ND: for the archives, The Washington Post. 

WTI: could we hit $86 by the end of the week. I know the Biden administration is monitoring the price of oil closely. 

Well, that didn't take long:

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

Active rigs:

$85.43	1/18/2022	01/18/2021	01/18/2020	01/18/2019	01/18/2018
Active Rigs	32	12	56	68	58

One new permit, 38740:

• 38740, conf, Slawson, Blizzard Federal 1-13H, Big Bend; to be sited in Big Bend, NWNW 24-152-93, 530 FNL and 664 FWL

Four producing wells (DUCs) reported as completed:

• 38462, 1,027, Iron Oil Operating, Antelope 2-17-20H, Sather Lake, no production data,
  
• 37406, 1,854, CLR, Gale 13-32H1, Cedar Coulee, minimal production,
  
• 37917, 1,734, Slawson, Whirlcat Federal 4-31-19TFH, Big Bend, minimal production,
  
• 38157, 171, Crescent Point Eenrgy, CPEUSC Sylven 5-11-2-158N-100W-MBH-LL,Winner, no production reported;
  

BR Active In Haystack Butte? January 18, 2022

See this post.

It looks like BR is doing some work in Haystack Butte.

These wells will not be tracked here. They will continue to be tracked at the post linked above.

However, note the update with regard to these wells:

• 16939, PNC, BR, Rough Creek 44-23H, wildcat,
  
• 37634, conf-->drl/NC, BR,  Cherry Pie 1R TFH ULW, Haystack Butte, but, four days of flaring in 11/21;
• 37633, conf-->drl/NC, BR, Cherry Blossom 1S MBH, Haystack Butte, but, two days of flaring in 11/21;
  
• 37632, conf-->drl/NC, BR, Cherry Juice 1T TFH, Haystac Butte,
  
• 17402, 1,107, BR, Cherry Creek 11-25H, Haystack Butte, t3/09; cum 210K 7/20; off line 8/20; remains off line 11/20;
  
• 3763, conf-->drl/NC, BR,Cherry Danish 1U MBH, Haystack Butte,
  

• 37639, conf-->drl/NC, BR, Cherry Ice Cream 1V TFH, Haystack Butte,
  
• 37638, conf-->drl/NC, BR, Cherry Daquiri 1W MBH, Haystack Butte,
• 37637, conf-->drl/NC, BR, Cherry Margarita 1X TFH, Haystack Butte,
• 37636, conf-->drl/NC, BR, Cherry Claire 1Y MBH, Haystack Butte,
• 37635, conf-->drl/NC, BR, Cherry Tree 1Z TFH, Haystack Butte,

17858 -- How Many Lives Does This Well Have? January 18, 2022

The well:

• 17859, 827, Petro-Hunt, L. M. Thompson 7D-4-4H, Charlson, t7/11; cum 308K 11/21; full production here; see also the graphics at this post.
  

Recent production;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	30	7137	6917	3365	2711	0	2502
BAKKEN	10-2021	31	8026	7766	3748	7780	5214	2350
BAKKEN	9-2021	30	8168	8416	3972	8272	8063	0
BAKKEN	8-2021	24	5161	4964	2762	2658	849	1642
BAKKEN	7-2021	31	5145	5245	2795	2666	2450	0
BAKKEN	6-2021	30	5306	5274	3026	2310	2101	0
BAKKEN	5-2021	31	6062	6064	4183	6388	5017	1155
BAKKEN	4-2021	7	530	218	1470	692	602	76
BAKKEN	3-2021	2	24	221	30	62	48	0
BAKKEN	2-2021	28	2772	2801	1207	3378	3183	0
BAKKEN	1-2021	31	3245	3026	1338	3880	3664	0

Major Theme Of 2022: Spare Capacity Is A Myth -- January 18, 2022

Link here.

Link here.

The DUC dilemma. 

Chart Of The Day -- The UK / EU Energy Crisis -- January 18 , 2022

I'm bored with the whole story and apparently no one else really cares either. 

Stiff upper lip and all that stuff. 

But for the archives. Someday we might find this interesting, although I doubt it. Any island that can survive the blitzkrieg can muddle through a self-inflicted energy crisis.

And, anyway, it will be warm again next summer.

Chart of the day, Javier Blas:

Paraphrasing Joe Biden, "Frankly, the Texas freeze in February, 2021, got more ink than the European energy crisis."

Brandon: All Hands On Deck -- Release The Kraken -- January 18, 2022

Oil hits seven-year high. Administration is monitoring the situation. Will release the kraken in February (just two weeks from now); March, just six weeks from now.  Wow, no matter what the stock market does, the oil companies are going to make a lot of money. Let's see. WTI at $85; EOG breakeven at $30; covers their dividend at $36. WTI trading at $85.85.

And this is pretty funny: BlackRock knows it.

Link here.

I wonder if DC will reverse the judge's ruling that ended lease sales in North Dakota.

I wonder if DC will re-permit all those pipelines.  

Glad to see the Biden administration is on top of this, "monitoring the situation." LOL. 

Don't you just love this political theater?

I was reviewing some of my posts from the Obama era. Amazing how often I was wrong. 

And, so it goes. 

Random Update Of An XTO Badlands Federal Well In North Fork; A Badlands Federal Well Goes Over 500K Bbls Crude Oil Cumulative; A Well Drilled A Decade Ago Just Reported 35K Bbls In One Month -- January 18, 2022

I noted this well a long time ago, but was simply too busy to post it. There were just too many wells to post and this one never got me all that excited, but now with a bit of free time, I'm posting it.

There are six Badlands Federal wells:

• 35938, 2,591, XTO, Badlands Federal 21X-13B, North Fork, t9/20; cum 337K 11/21;
• 26639, 2,533, XTO, Badlands Federal 21X-13E, North Fork, t12/20; cum 331K 11/21;
• 35937, 2,994, XTO, Badlands Federal 21X-13C, North Fork, t10/20; cum 406K 11/21;
• 35936, 2,849, XTO, Badlands Federal 21X-13AXD, North Fork, t8/20; cum 499K 11/21;
• 20132, 1,029, XTO, Badlands Federal 21X-13, North Fork, t9/11; cum 367K 11/21;
• 35935, 3,352, XTO, Badlands Federal 21X-13H, North Fork, t8/20; cum 452K 11/21;

The well of interest:

• 20132, 1,029, XTO, Badlands Federal 21X-13, North Fork, t911; cum 367K 11/21; full production at this link.
  

Production jump:

BAKKEN	11-2020	30	10344	10282	14756	17108	16239	715
BAKKEN	10-2020	31	13022	13109	19593	21474	20396	917
BAKKEN	9-2020	21	12174	12272	18607	20784	19512	1223
BAKKEN	8-2020	31	34723	34731	43101	60552	55488	4983
BAKKEN	7-2020	9	5269	4897	9081	7771	6381	1377
BAKKEN	6-2020	0	0	0	0	0	0	0
BAKKEN	5-2020	0	0	0	0	0	0	0
BAKKEN	4-2020	0	0	0	0	0	0	0
BAKKEN	3-2020	0	0	0	0	0	0	0
BAKKEN	2-2020	0	0	0	0	0	0	0
BAKKEN	1-2020	0	0	0	0	0	0	0
BAKKEN	12-2019	0	0	0	0	0	0	0
BAKKEN	11-2019	0	0	0	0	0	0	0
BAKKEN	10-2019	0	0	0	0	0	0	0
BAKKEN	9-2019	0	0	0	0	0	0	0
BAKKEN	8-2019	0	0	0	0	0	0	0
BAKKEN	7-2019	0	0	0	0	0	0	0
BAKKEN	6-2019	0	0	0	0	0	0	0
BAKKEN	5-2019	0	0	0	0	0	0	0
BAKKEN	4-2019	0	0	0	0	0	0	0
BAKKEN	3-2019	0	0	0	0	0	0	0
BAKKEN	2-2019	0	0	0	0	0	0	0
BAKKEN	1-2019	1	8	65	0	18	0	17
BAKKEN	12-2018	25	975	1064	487	2513	1848	0
BAKKEN	11-2018	30	1257	1283	606	3147	2327	0
BAKKEN	10-2018	31	1341	1400	683	3271	2424	0
BAKKEN	9-2018	30	1298	1383	702	3228	2325	219
BAKKEN	8-2018	31	1297	1190	718	3224	2518	52
BAKKEN	7-2018	31	1437	1399	773	3523	2658	116

The Slawson Rainmaker Federal - Lightning Federal Wells

Updates

August 20, 2022: production data updated. Recent fracking in the area; several wells remain off line.

Original Post 

I've been remiss on "identifying" several Slawson plays.

Perhaps the last time was back in August when I updated Slawson's Stallion / Zephyr pads. 

One of those wells was a Slawson Rainmaker, which ran from the south to the north.

A reader alerted me to eleven Rainmaker / Skybolt wells that just went "confidential." I was aware of them but just did not have any interest in updating them now. But now that a reader is interested here goes.

I had followed them earlier, back from May, 2020. These wells will now be followed here. 

First, the graphics:

Now, the eleven wells that just went confidential and wells of interest in the immediate area, west to east:

• 38576, conf, Slawson, Howitzer 4-25H, Big Bend,
  
• 38577, conf, Slawson, Lightning Federal 4-24-13TFH, Big Bend,
  
• 38578, conf, Slawson, Rainmaker Federal 8-25-36TFH, Big Bend,
  

• 18287, south to north, 911, Slawson, Skybolt 1-24H, Big Bend, t1/10; cum 383K 11/21; halo effect, 2015: jump in production;  cum 390K 4/22; off line -- fracking in the area;
  
• 18363, north to south, 981, Slawson, Howitzer 1-25H, Big Bend, t1/10; cum 337K 11/21; cum 344K 4/22; off line -- fracking in the area;
  

• 38455, conf, Slawson, Lightning Federal 5-24-13TFH, Big Bend,
• 38454, conf, Slawson, Rainmaker Federal 5-25-36TFH, Big Bend,
• 38453, conf, Slawson, Lightning Federal 3-24-13H, Big Bend,
• 38452, conf, Slawson, Howitzer 3-25H, Big Bend,
• 38451, conf, Slawson, Rainmaker Federal 6-25-36TFH, Big Bend,
  

 

• 30412, south to north, 2,684, Slawson, Lightning Federal 6-24-13TFH, t4/16; cum 515K 11/21; cum 534K 4/22; off line -- fracking in the area;
• 20422, north to south, 684, Slawson, Howitzer 2-25H, Big Bend, t10/11; cum 364K 5/22; off line -- fracking in the area;
• 30413, south to north, 1,008, Slawson, Lightning Federal 2-24-13H, t4/16; cum 276K 11/21; cum 289K 4/22; off line -- fracking in the area;
• 30414, south to north, 1,622, Slawson, Lightning Federal 7-24-13TFH, t4/16; cum 479K 11/21; cum 499K 5/22; off line -- fracking in the area;
  

• 38456, conf, Slawson, Rainmaker Federal 7-25-36TFH, Big Bend,
  
• 38457, conf, Slawson, Cougar Federal 1 SLH, Big Bend,
  
• 38458, conf, Slawson, Machete Federal 1 SLH, Big Bend,
  

Notes From All Over -- January 18, 2022

Honey: link here --

• North Dakota leads the nation in honey production
• together with Montana and South Dakota, the three states produced nearly half of all US honey in 2019
• now, a commercial beekeeping supply business is taking advantage of that fact
• Commercial Bee Supply, Hettinger, ND, to set up business in southwest ND to serve customers in three of the top five honey-producing state in the country 
• will serve customers in  ND, SD, MT, WY, 
• top US-honey-producing states (statista): ND, SD, CA, TX, MT.
  

Ethanol: in praise of corn ethanol. Doomberg. 

Coal: of all electricity sources, coal-fired power saw the largest growth in 2021. Link here. 

Staff shortages: restaurants cutting back on hours. Link to WSJ. I've never understood why some companies are so persistent in staying open during hours when there is so little activity. Chick-fil-A is a great example of taking it to the extreme: completely shut down on a day that would likely be their biggest day in sales. But at the other extreme, I see restaurants remaining open far longer than one would think reasonable. Customers will adjust. Covid will telescope 2020 - 2035 cultural changes into 2020 - 2025. Shorter restaurant hours will be one of those changes for many restaurants, although once things improve, they will go back to their wasteful habits.

Slawson Now Reporting The Slawson Stallion Wells -- Halo Effect In Neighboring Wells -- January 18, 2022

Slawson is just now reporting these wells:

• 36126, drl/NC-->drl/A, Slawson, Stallion 4-1-12TFH, Big Bend, first production, 10/21; t--; cum 19K 11/21;
• 37218, drl/NC-->drl/A, Slawson, Zephyr Federal 4-36H, Big Bend, first production, 10/21; t--; cum 42K 11/21;
• 36125, drl/NC-->drl/A, Slawson, Stallion 3-1-12H, Big Bend, first production, 10/21; t--; cum 69K 11/21;
• 36124, drl/NC-->drl/A, Slawson, Stallion 8-1-12TFH, Big Bend, first production, 10/21; t--; cum 48K 11/21;
• 36123, drl/NC-->drl/A, Slawson, Stallion 7-1-12H, Big Bend, first production, 10/21; t--; cum 54K 11/21;
• 36122, drl/NC-->drl/A, Slawson, Stallion 5-1-12TFH, Big Bend, first production, 10/21; t--; cum 30K 11/21;
• 36121, drl/NC-->drl/A, Slawson, Zephyr Federal 3-36H, Big Bend, first production, 10/21; t--; cum 41K 11/21;
  

Wells in the immediate area either remain off line or are coming back on line and showing a halo effect. 

Production profile for one of these wells:

• 36125: 32,761 bbls over 23 days extrapolates to 43K bbls --
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	30	35299	35318	27168	35167	0	35017
BAKKEN	10-2021	23	32761	32300	28186	32952	0	32835
BAKKEN	9-2021	1	533	0	1733	521	0	516

Who Saw This Coming? An Old Slawson Well With Huge One Month Jump In Production -- January 18, 2022

The well:

• 20203, 833, Slawson, Stallion 2-1-12H, Big Bend, t1/12; cum 544K 6/21; most recent month: 2K 6/21; cum 569K 11/21;
  

Note production jump in September, 2021, for this well drilled back in 2012, 13,355 bbls over 22 days extrapolates to 18,000 bbls over 30 days;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	30	3636	3199	3782	3184	3033	1
BAKKEN	10-2021	22	7192	7669	14876	5496	4901	485
BAKKEN	9-2021	22	13355	12962	14990	9305	5381	3814
BAKKEN	8-2021	0	0	0	0	0	0	0
BAKKEN	7-2021	12	1018	892	365	937	792	84
BAKKEN	6-2021	30	2231	2399	928	1864	1686	28
BAKKEN	5-2021	21	1222	1231	728	817	635	78
BAKKEN	4-2021	21	2802	3104	854	2931	2823	3
BAKKEN	3-2021	31	4491	4793	1616	4426	4273	0
BAKKEN	2-2021	27	4630	4831	1625	4301	3849	317

Nice Jump In ProductionThis Past Year -- An Old Well -- Drilled in 2012 -- January 18, 2022

The well:

• 21630, 1,378, MRO, Waltom USA 43-8TFH, Reunion Bay, t9/12; cum 434K 2/21;

Production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	30	3514	3434	3386	3952	3821	0
BAKKEN	10-2021	31	3676	3613	3635	4043	3920	0
BAKKEN	9-2021	30	4161	4314	4827	4843	4703	0
BAKKEN	8-2021	19	3930	3895	4583	3133	2856	44
BAKKEN	7-2021	0	0	0	0	0	0	0
BAKKEN	6-2021	30	4795	4748	5872	4152	3866	0
BAKKEN	5-2021	31	5172	5142	7704	4576	4271	0
BAKKEN	4-2021	30	4794	4770	9288	3612	3293	41
BAKKEN	3-2021	31	4786	4765	8069	2572	2286	14
BAKKEN	2-2021	28	4112	4121	5926	2090	1857	0
BAKKEN	1-2021	31	5313	5267	7063	2431	2129	0
BAKKEN	12-2020	9	835	825	2025	468	420	0
BAKKEN	11-2020	0	0	0	0	0	0	0
BAKKEN	10-2020	0	0	0	0	0	0	0
BAKKEN	9-2020	0	0	0	0	0	0	0
BAKKEN	8-2020	0	0	0	0	0	0	0
BAKKEN	7-2020	0	0	0	0	0	0	0
BAKKEN	6-2020	0	0	0	0	0	0	0
BAKKEN	5-2020	0	0	0	0	0	0	0
BAKKEN	4-2020	0	0	0	0	0	0	0
BAKKEN	3-2020	0	0	0	0	0	0	0
BAKKEN	2-2020	0	0	0	0	0	0	0
BAKKEN	1-2020	17	1029	1507	872	1522	1133	240
BAKKEN	12-2019	21	1440	1590	626	1944	1693	46
BAKKEN	11-2019	30	1978	1717	890	2850	2052	506

From A Year Ago, This QEP Well Is Still A Monster Well -- January 18, 2022

I love all the folks re-tweeting the meme that operators are running out of locations to drill in the Bakken.

After reporting this incredible well, look at all the new permitted locations in the immediate area:

• 35474, loc, QEP, MHA 2-29-30H-150-92,
  
• 35473,
• 35472,
• 35471,
• 35470,

 

• 35468, loc, QEP, MHA 2-27-26H-150-92,
• 35467,
• 35466,
• 35465,
• 35464,
  

From a year ago: 

• 35453, drl/A, QEP, MHA 7-27-26H-150-92, 33-061-04300, Van Hook, first production, 6/20; t--; cum 151K 11/20; fracked 6/18/20 - 6/26/20, see graphic; see recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	30	10568	10616	19111	9444	5905	2896
BAKKEN	10-2021	31	11072	10941	1182	9677	3550	6093
BAKKEN	9-2021	30	12996	13139	26204	9269	1097	8172
BAKKEN	8-2021	31	11865	11701	31627	9190	5341	3848
BAKKEN	7-2021	31	10111	10082	40340	8074	5046	3028
BAKKEN	6-2021	30	7389	7371	47207	6307	4657	1650
BAKKEN	5-2021	20	2589	2711	13206	1446	809	634
BAKKEN	4-2021	14	3025	2984	8554	905	630	275
BAKKEN	3-2021	25	15540	15815	15174	11223	9736	1487
BAKKEN	2-2021	28	19247	19211	19724	12618	10968	1650
BAKKEN	1-2021	31	22279	22477	27217	15051	13071	1980
BAKKEN	12-2020	31	23773	23720	29846	17381	14357	3024
BAKKEN	11-2020	30	23599	23776	29147	18865	15159	3706
BAKKEN	10-2020	31	28057	28742	34813	23217	20288	2929
BAKKEN	9-2020	28	26316	25293	45842	21460	11296	10164
BAKKEN	8-2020	31	33396	33865	44184	29753	24450	5303
BAKKEN	7-2020	31	38930	38803	101577	26849	19453	7396
BAKKEN	6-2020	3	655	0	2230	547	0	547