Sunday, April 3, 2022

Focus On Fracking; Five Wells Coming Off Confidential List; WTI Holding — April 3, 2022

Focus on fracking: latest edition posted.

Oil: 

  • Most interesting number to watch this week:
    •  change day/day and week/week, WTI.
      • at 6:26 a.m. this morning, Monday: up 0.45%; trading at $99.72
    • call it what you want, it's $100 in my book

ISO NE: spiked to $102 / MWh earlier this a.m.

  • now down to $51
  • at 18% hydro is carrying a significant load
  • demand is the usual 13,457 MW

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

Active rigs:

$9.72
4/4/202204/04/202104/04/202004/04/201904/04/2018
Active Rigs3313446256

Monday, April 4, 2022: 7 for the month, 7 for the quarter, 166 for the year

  • 38518, conf, CLR, Thorp Federal 8-28H,
  • 37015, conf, CLR, LCU Ralph 2-27H,

Sunday, April 3, 2022: 5 for the month, 5 for the quarter, 164 for the year

  • 38548, conf, Ovintiv, Wisness State 152-96-16-21-6H,
  • 38526, conf, CLR, Thorp Federal 9-28HSL1,
Saturday, April 2, 2022: 3 for the month, 3 for the quarter, 162 for the year
  • 38545, conf, Ovintiv, Wisness State 152-96-16-21-14H,

RBN Energy: drilling down into major E&Ps CAPEX and production guidance, part 3. 

The Biden administration’s March 31, 2022, announcement that it will release an average of 1 MMb/d of crude oil from the Strategic Petroleum Reserve over the next six months was an acknowledgement of sorts that U.S. E&Ps won’t be ramping up their production enough in the near term to bring down oil or gasoline prices. [Agree completely; it was also a sign that Saudi Arabia wasn't going to toss Biden a lifeline.]
It seems like a good assumption because, while the 40-plus crude oil and natural gas producers we monitor have indicated they are planning a 23% increase in capital spending this year and an 8% increase in production, further examination reveals that those numbers are somewhat misleading — the real gains will be significantly smaller. In today’s RBN blog, we scrutinize producers’ spending plans and production outlooks by peer group and company-by-company.

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CLR's Harrisburg Wells On Indian Hill Starting To Post -- April 3, 2022

The wells:

  • 37661, loc/A, CLR, Harrisburg 2-27HSL, Indian Hill, first production, 11/21; t--; cum 84K 2/22;

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-20222813761138202586511511111510
BAKKEN1-20222922472223933656514523141640
BAKKEN12-20212319811198603143114669143870
BAKKEN11-20212728196279874547121468211250
BAKKEN10-2021314514510911300
  • 37660, loc/A (ros), CLR, Harrisburg 3-27H, Indian Hill, first production, 11/21; t--; cum 85K 2/22;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-20222819028189843313113532131660
BAKKEN1-20223020763209073534915448150830
BAKKEN12-20213024494242504060118715183540
BAKKEN11-20212620759205383518114849145730
BAKKEN10-202110099827020
  • 37659, loc/A, CLR, Harrisburg 4-27H, Indian Hill, first production, 11/21; t--; cum 81K 2/22;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-20222820580204873397616377160090
BAKKEN1-2022169418936817903744972890
BAKKEN12-20212925359253144002821130207680
BAKKEN11-20212625209249864405519982196520
BAKKEN10-2021324824888852038
  • 37658, loc/A, CLR, Harrisburg 5-17H, Indian Hill, first production, 11/21; t--; cum 62K 2/22;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-20222815614157513108612558121900
BAKKEN1-2022139802954215802853283860
BAKKEN12-20212313159131612436311144108600
BAKKEN11-20212622474223233514517795174660
BAKKEN10-202146956952247101080
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Hess BB-State Wells Beginning To Report; Halo Effect Noted -- The Bakken Never Ceases To Amaze -- April 3, 2022

The wells:

  • 36523, conf (ros), Hess, BB-State ... 4:
DateOil RunsMCF Sold
2-2022113250
1-20222537940045
12-20212936247240
11-20214141366157
10-202124813744
  • 36522, conf, Hess, BB-State ... 5:
DateOil RunsMCF Sold
2-2022303160
1-20222722644196
12-20213638759815
11-20214149966551
10-202162249917
  • 36521, conf, Hess, BB-State ... 6:
DateOil RunsMCF Sold
2-2022243450
1-20222023616798
12-20213026346716
11-20213007044979
10-20211612411164
  • 36520, conf, Hess, BB-State ... 1:
DateOil RunsMCF Sold
2-2022237780
1-20222559341161
12-20212987646081
11-20213293747740
10-2021198849457

Well of interest: 

  • 18104, 1,113, Hess, BB-State A-151-95-1615H-1, Blue Buttes, t11/09; cum 541K 1/22; note jump in production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-202228625765323019000
BAKKEN1-202226490749652218603460340
BAKKEN12-202129694271521310849084900
BAKKEN11-202120368830541237444944490
BAKKEN10-20210000000
BAKKEN9-20210000000
BAKKEN8-2021910079121489429420
BAKKEN7-2021386225321381380
BAKKEN6-20213024252470389376237620
BAKKEN5-20212923082373381324032400
BAKKEN4-20213027952743439383638360
BAKKEN3-20213129123034480358135810
BAKKEN2-20212318021909219229622960
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The Enerplus Stringed Instrument Pad Is Being Reported -- April 3, 2022

 The Enerplus Stringed Instrument Pad is tracked here.

The pad:

  • 37029, drl/NC-->drl/A, Fiddle:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-20222795989605707521414168642554
BAKKEN1-20222696389582686024050103055383
BAKKEN12-2021271222112229874427616182057249
BAKKEN11-2021281215812220100631327497331789
BAKKEN10-2021208266830376301308666871447
BAKKEN9-20212812146121787634100778501364
BAKKEN8-2021312722427143190063545031994817
BAKKEN7-20213040800409343026951953477351224
BAKKEN6-20212950901509101825163763586741527
BAKKEN5-202131533325326826383869895821324851
BAKKEN4-2021234276142843101677438303102810455
BAKKEN3-2021617749171042402319523117877648

37028, drl/NC-->drl/A, Mandolin:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-20222787238733650220513153253417
BAKKEN1-2022283407338767241435353865642
BAKKEN12-2021311020610214897423090152596105
BAKKEN11-2021281641716464912916537131421111
BAKKEN10-20213117500175091191827646141573183
BAKKEN9-2021301672416746112151388211705502
BAKKEN8-20212533824337232316145039397521015
BAKKEN7-202100770000
BAKKEN6-202100410000
BAKKEN5-20210000000
BAKKEN4-202120383823841753693456922785116590
BAKKEN3-202141344412955165811478789265725

37027, drl/NC-->drl/A, Cello:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-202227869886951062219376152802278
BAKKEN1-20222911021109561306629840123567385
BAKKEN12-20213118007180081897638750255719931
BAKKEN11-20212818319183251927419296146641974
BAKKEN10-20213035520355393370554929287366183
BAKKEN9-2021192511925112210252066817579754
BAKKEN8-202132494248730043339293275
BAKKEN7-2021312486324903309623173029089746
BAKKEN6-2021293169031676100523970436529951
BAKKEN5-20213031382313451226136477342540
BAKKEN4-202122397353957186459457582883315502
BAKKEN3-2021198995391851088657418

37026, drl/NC-->drl/A, Guitar:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-2022271160711606634825900203913099
BAKKEN1-2022281525115162733635582152716297
BAKKEN12-2021311965519655965638294252979395
BAKKEN11-2021281545415456878216028123721506
BAKKEN10-20213124967249701408239899201985292
BAKKEN9-20212828226282152619931316197548715
BAKKEN8-202171054210511131961371112389316
BAKKEN7-202100100000
BAKKEN6-20210070000
BAKKEN5-20210000000
BAKKEN4-20211926818266976019729373194609082

37025, drl/NC-->loc/NC-->drl/A, Harp:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-20222527232731472455664785239
BAKKEN1-2022276141610580331262156371438
BAKKEN12-2021299177918098251470998103374
BAKKEN11-20212476297632977076286107432
BAKKEN10-20212814131141531604821711114321840
BAKKEN9-2021301754517539174451458112279526
BAKKEN8-2021281985019791227072591823329595
BAKKEN7-2021231744117472217652218520406523
BAKKEN6-202129298682985089073742934429896
BAKKEN5-20213029718296831061334575324381
BAKKEN4-202119292542912268915332972122711069
  • 37024, drl/NC-->drl/A, Ukulele:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-2022261215412150792425416213521596
BAKKEN1-2022281489614809849430334136753489
BAKKEN12-20213116579165781003130009197907193
BAKKEN11-20212814404144051006014638115321105
BAKKEN10-20213121830218311497534368176614016
BAKKEN9-20212827582275711654226930193044878
BAKKEN8-2021549084893343163195767147
BAKKEN7-2021252898628993235443695333914870
BAKKEN6-20210050000
BAKKEN5-20210000000
BAKKEN4-20211518197181154862222513132048747
BAKKEN3-20210000000

In addition to this pad, there is another 2-well pad in the same drilling unit, but sited in section 2-149-94:

  • 24962, 1,957, Enerpluse, Grassy Knoll 2-11H, Mandaree, t11/15; cum 405K 7/20; jump in production, 6/21; cum 437K 7/21; cum 481K 2/22;
  • 24963, 1,936, Enerplus, Banjo 149-94-02B-01H TF, Mandaree, t11/15; cum 421K 7/20; perhaps a subtle jump in production, 6/21; cum 434K 7/21; cum 447K 2/22;
These wells all run west to east.
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The Enerplus Winter Fur Pad Is Starting To Report -- April 3, 2022

The Enerplus Winter Fur pad is starting to report. Still confidential:

  • 37721, Ermine:
DateOil RunsMCF Sold
2-20222327142577
1-20223798262112
12-20214309562609
11-20213495647472
  • 37772, Sable:
DateOil RunsMCF Sold
2-20222500145715
1-20224629275698
12-20214539765933
11-20213534847630
  •  37723, Lynx:
DateOil RunsMCF Sold
2-20222388643699
1-20222238336600
12-20214861570639
11-20216715191095
  • 37724, Beaver:
DateOil RunsMCF Sold
2-20222910953322
1-20223426656045
12-20213766054735
11-20213661049678

  •  37725, Marten:
DateOil RunsMCF Sold
2-20222308142277
1-20223629059362
12-20214661967770
11-20215897280182
  •  37726, Otter:
DateOil RunsMCF Sold
2-20223389162121
1-20224645675992
12-20214315662745
11-20212581035092
  •  37727, Weasel:
DateOil RunsMCF Sold
2-20222696049428
1-20223363455019
12-202162109029
11-202152717170
  • 37728, Seal:
DateOil RunsMCF Sold
2-20224163476323
1-20221916531350
12-202130
11-20212432233085
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