Saturday, February 12, 2022

Updating Petroshale's Anderson Wells In Croff Oil Field -- Saturday 12, 2022

The Croff oil field is getting active again. 

This well was noted to be coming off the confidential list just last week. I had already forgotten about it, but while updating production data for wells that came off the confidential list 1Q13, I came across its sister. 

Another permit that had "PNC'd" but now active. 

The sister well just came off the confidential list.

The sister well:

  • 22520, 1,235, Petroshale/SM Energy, Anderson Federal 16-15H, Croff, t12/12; cum 417K 3/19; cum 465K 11/21; just went off line; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-20210000000
BAKKEN11-202118144016163132712060
BAKKEN10-2021312224227619158413670
BAKKEN9-2021600252008178
BAKKEN8-20213676001601
BAKKEN7-202127150815662308228974
BAKKEN6-20213022602237444023650547

The newer well on that two-well pad, note “PNC,” now active and producing:

  • 33618, PNC/A, Petroshale, Anderson South 2TFH, Croff, first production, 12/21; t--; cum 23K over 25 days;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-2021252338023380907125491183677124

The XTO Hegg Wells In Siverston Oil Field -- February 12, 2022

These should be better wells. I'm not going to update them now, but production data suggests XTO is working at getting these wells where they should be with regard to production. I'll put them on list of wells that need to be tracked.

SPR Update -- February 12, 2022

Break break: Forte-One-Two has now crossed the eastern edge of Sicily on its way "home." At approximately 2:30 p.m. CT, Forte-One-Two landed at his home station NAS Sigonella, Catania airport, Sicily. 

Now back to the subject at hand:

Years ago I religiously followed the natural gas fill rate thinking it might provide some insight into the price of natural gas going forward. It did not. I quit following the natural gas fill rate about two years ago. The shale revolution changed everything. The fill rate had more to do with political events (legal challenges and protests by faux environmentalists; city and county mandates) than with the oil and gas sector per se. The "Bakken revolution" changed everything.

Likewise, I follow the crude oil supplies on a weekly basis, generally using the weekly EIA petroleum report as the source. I will continue to follow that weekly report, but like the natural gas fill rate, petroleum inventories seem to mean little with regard to long-term price of oil or the trend in the price of oil. Sure, there are abrupt changes in the price of oil when the Cushing inventories are released, but those changes in price are transitory (generally lasting less than 24 hours before the numbers are forgotten and folks move on to something else). Again, the "Bakken revolution" changed everything.

The graph below proves my point. "Everyone" seems concerned about an SPR release for different reasons, but adequate crude oil supply certainly should not be one of those concerns. 

Look at the numbers for the past five years and compare that with the "old" five-year average. The SPR does not include all the new pipelines and all the new storage in east Texas following the surge of oil from the Permian. 

Link here.

Ukraine Developments -- February 12, 2022

The telephone call between Putin and Biden is over; nothing new.

About an hour ago, Global Hawk completed a one-day to three-day mission over northern and eastern Ukraine.

As soon as the telephone call was over, and as soon as Forte-One-Two departed the theater of operations, a fleet of Russian helicopters was seen and filmed headed toward the Ukraine border.  This video was taken at about 12:30 p.m. CT, Saturday, February 12, 2022.

The telephone call:

  • first direct contact between the two men since December 30, 2021;
  • the phone call lasted one hour and two minutes
  • ended at 12:06 p.m. ET
  • the WH readout was more of the same
  • Putin's readout not available, but probably: "what a waste of time. That's an hour I will never get back." 

Heavy Oil Is Dead. Long Live Heavy Oil -- February 12, 2022

Heavy oil is dead. Long live heavy oil. 

Bottom line:

  • batteries need a cathode and an anode
    • cathode: lithium
    • anode: graphite
  • synthetic graphite in only graphite "modern" batteries will use
    • natural graphite does not meet criteria for "modern" batteries
    • synthetic graphite is made from heavy oil

derivatives:

  • explains why western Canadian oil is so "valuable" (think Keystone XL pipeline)
    • had the Keystone XL been built, it's very possible a "graphite" refinery would have been built somewhere in Texas to provide the graphic Tesla needs for its batteries
  • there are two reasons we never hear about the anode:
    • the use of heavy oil destroys the narrative; and,
    • there is absolutely no shortage of synthetic graphite

Links:

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Trivia

The link to Ed Conway's thread has a fair amount of material on the Phillips 66 refinery in "northeast England." It is located near the small village of South Killingholme on the south side of the Humber Estuary, across the water from Hull. Yorkshire is to the north of estuary; to the south, Lincolnshire. Specifically, the Humber Estuary forms the border between Lincolnshire and the East Riding of Yorkshire. 

The city Hull was a major trans-North Atlantic city during the great Scandinavian emigration to America. My Norwegian grandfather took a ship from Trondheim, Norway, to Hull, where he disembarked, caught a train to Liverpool on the west coast, and caught a cargo/passenger ship to America.  

While in Yorkshire in the early 2000s, I had the opportunity to visit Hull. I was not impressed; it had turned into a drab, dreary industrial city. I’m sure I missed the nicer part and more scenic areas of the city and surrounding area. I certainly missed the geographical importance and historical importance of Hull, having familiarized myself with it only after returning to the states.

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The Book Page

Again, if interested in origin of solar system, earth, fossil fuel, origin of life, this is currently the best new book on the market right now for armchair / amateur biologists, geologists, fossil fuel aficionados. 

  • How The Mountains Grew
  • John Dvorak
  • c. 2021
  • Pegasus Books, August 2021

Life on earth began with three major events, as they were; life on earth began with fits and starts.

Reminder:

  • the Super Event: 2.7 bya
  • Colombia: 1.8 bya
  • the Boring Billion: 2.1 bya - 1.1 bya
    • maybe only one organism during this period: Grypania, at 2.1 bya; evolving life came to an end;
    • from 2.1 bya into the Ediararan period 
    • so when you say, "the Boring Billion," one organism: Grypania.
  • Rodinia: 1.1 bya
    • [Gondwana: 0.6 bya]
  • Pangea: 0.3 bya

Pre-Cambria:

  • until recently, there was no evidence of life prior to the Phanerzoic eon, Paleozoic era, Cambrian period
  • but now, the black shale of the pre-Cambrian: Aspidella terranovica
  • Aspidella
  • 610 - 555 million years ago; could date as far back as 770 million years ago;
  • Ediacaran disk-shaped fossil; uncertain affinity: animal or plant?
  • one single species: A. terranovica
  • 4 to 10 mm in size
  • jellyfish? Refuted. Movement may have resembled modern sea anemones (Cnidaria -- the "c" is silent; pronounced "ni-daria" -- root word same as "knife" -- from "burning / cutting" sensation when stung by a jellyfish)
  • Ediacara Hills: south Australia.

Ediacaran period:

  • follows the Cryogenian Period (635 mya)
  • ends with the beginning of the Cambrian period (541 mya)
  • marks end of the Proterozoic Eon and the beginning of the Phanerozoic Eon

Of note:

  • there is evidence for a mass extinction during this period from early animals changing the environment;
  • the relative proximity of the Moon at this time meant that tides were stronger and more rapid than they are now.
  • Tieds were necessary for life to begin on earth

So, the first attempt at life on earth: died out completely or came to close to dying out completely.

  • I need to go back and re-read Wonderful Life by Stephen J. Gould.

The Cambrian explosion:

  • did some Ediacarans survive the Ediacaran extinction?

The Permian extinction

The Cretaceous extinction:

Week 6: February 6, 2022 -- February 12, 2022

Top story of the week:

  • Biden is still president; 

Top international non-energy story:

  • Ukraine
  • Canadian truck convoy; shuts down key US-Canada bridge

Top international energy story:

Top national non-energy story:

Top national energy story:

Geoff Simon's top North Dakota energy stories:

Top North Dakota non-energy story:

Top North Dakota energy story:

Operators:

Operations:

Wells:

Fracking:

Pipelines:

Bakken economy:

Commentary:

Daily Activity Report: No New Permits; CLR Renews Nine Permits -- Friday, February 12, 2022

Active rigs:

$93.10
2/12/202202/12/202102/12/202002/12/201902/12/2018
Active Rigs3215566358

The thirty three active rigs reported by the NDIC includes;

  • one non oil-and-gas rig; a carbon capture and storage vertical well in Mercer County, Summit Carbon Solutions, lLC, NWNE 35-141-88; Milton Flemmer 1
  • CLR: 7
  • MRO: 3
  • Hess: 3 (Nabors X24, Nabors X27, and Nabors X28)
  • Enerplus: 2
  • Oasis: 2; says it will have a 3-rig drilling program in 2022

No new permits.

Nine permits renewed:

  • CLR: nine Lundberg Federal permits in Dunn County; NWNE, NENW,  and NWNW 8-146-96;