Pages

Friday, May 6, 2022

Week 18: May 1, 2022 -- May 7, 2022

Top story of the week:

  • Joe Biden is still president.
  • Most volatile stock market ever.

Top international non-energy story:

Top international energy story:

Top national non-energy story:

Top national energy story:

Top North Dakota non-energy story:

Top North Dakota energy story:

Geoff Simon's top North Dakota energy stories:

Operators:

Operations:

Wells:

Fracking:

Pipelines:

Refining:

Natural gas:


Bakken economy:

Commentary:

Kraken With One New Permit; Three DUCs Reported As Completed -- May 6, 2022

Active rigs:

$109.80
5/6/202205/06/202105/06/202005/06/201905/06/2018
Active Rigs3917226262

One new permit, #38934 --

  • Operator: Kraken
  • Field: Burg (Williams)
  • Comments:
    • Kraken has a permit for a Claire Rose section line well on lot 4 section 5-158-99; 
      • to be sited 349 FNL and 948 FWL

Three producing wells (DUCs) reported as completed:

  • 38300, 1,791, Ovintiv, Rolla 152-97-1-12-20HLW, Westberg, see below;
  • 38418, 1,216, Ovintiv, Bernice 150-90-20-17-6H, South Tobacco Garden, see below;
  • 38419, 973, Ovintiv, Bernice 150-99-20-17-7H, South Tobacco Garden, see below;

*******************************
Production

Three producing wells (DUCs) reported as completed:

  • 38300, 1,791, Ovintiv, Rolla 152-97-1-12-20HLW, Westberg,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-202228230524946179201012001190
BAKKEN2-20222728573287683243971396713960
BAKKEN1-2022314119241140522171008851008850
BAKKEN12-2021314307643059611399668396523160
BAKKEN11-20218104821014111716230012290299
  • 38418, 1,216, Ovintiv, Bernice 150-90-20-17-6H, South Tobacco Garden,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20223124157240923159038079380790
BAKKEN2-20222820963209873319129876298760
BAKKEN1-20222824974247954388336830368300
BAKKEN12-2021313133931375588504550145194307
BAKKEN11-2021273746608618520
  • 38419, 973, Ovintiv, Bernice 150-99-20-17-7H, South Tobacco Garden,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20223119171191563350649164491640
BAKKEN2-20222818583185623393338526385260
BAKKEN1-20222919584194134215434256342560
BAKKEN12-2021312045120634590823419733967230
BAKKEN11-20213918581802108410730

An XTO Bear Creek Well Drilled Five Years Ago Hits 500K Bbls Crude Oil Cumulative -- May 6, 2022

The way I look at these things, the natural gas sales from these wells now pay for all the administrative costs; on-going maintenance / operational costs; taxes; of these huge wells -- remember, it costs about the same for a lousy well as a great well -- with the crude oil sales pretty much all free cash flow. But that's just me.

At one time, Bear Creek held the record for the best producing field in the Bakken. 

The well:

  • 32753, 2,556, XTO, Bear Creek Federal 31X-3C, Bear Creek, API 33-025-03161, t10/17; cum 492K bbls oil; cum 1,048,397 MCF natural gas; which I guess works out to about 175K boe; recent production -- 
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20223131202902478314931148620
BAKKEN2-202217113011952441718671470
BAKKEN1-20222717441614300615133150380
BAKKEN12-20211234847468836323491114
BAKKEN11-2021292563265040802304922161800
BAKKEN10-20213135593483522928253269801165
BAKKEN9-2021212607258642561803217250729
BAKKEN8-2021252692274340452400623334616
BAKKEN7-20213140024048541332041254206527
BAKKEN6-20213041224101509729996236586217
BAKKEN5-20213143134370550429994253464532
BAKKEN4-20213044714582617835393291166141
BAKKEN3-20212956775473578630899261784598
BAKKEN2-20212644404466483721736161415510
BAKKEN1-20213156505691681821897152726527
BAKKEN12-20203159055939593125203212513796
BAKKEN11-20203060656001552827809191878463
BAKKEN10-20203167986839666730959990020919
BAKKEN9-202030773778397275310031016220745
BAKKEN8-20203180247902670724071196004376
BAKKEN7-2020255506604449211301781984772
BAKKEN6-202030621360146630135621330713

The Field That Keeps On Giving -- MRO With Another Incredible Well In Bailey Oil Field -- May 6, 2022

The Bailey oil field is tracked elsewhere. 

The well:

  • 38087, drl/drl, MRO, Weidner USA 31-4TFH, Bailey, API: 33-025-04151, first production, 2/22; t--; cum 83K in 57 days --
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20223147004469284116147004433502405
BAKKEN2-20222636327363304036334266332610

An Old Zavanna Nelson Well Just Posted 500K Bbls Crude Oil Cumulative -- May 6, 2022

The well:

  • 20085, 825, Zavanna, Nelson 3-10 1H, Long Creek, t8/12; cum 500K 3/22; ready for a re-frack or a workover. Still flaring after all these years.
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20223176172733322843227188782
BAKKEN2-20222750654530462558124814350
BAKKEN1-20223165466131562859827374762
BAKKEN12-20213178780822612868127520699
BAKKEN11-202129870817260126699262670
BAKKEN10-202131871902265028941284781
BAKKEN9-20213010691478300027530270830
BAKKEN8-20213115961608294429144286820
BAKKEN7-202131159812453356298742938032
BAKKEN6-2021301799174228912863727815375
BAKKEN5-202131119412042992285872808837

Halo Effect And Approaching One Million Bbls Crude Oil Cumulative -- May 6, 2022

The well, drilled fifteen years ago -- what was Hubbert's peak oil theory, again?

  • 16424, 700, Petro-Hunt, USA 11B-2-2H, Charlson, t7/07; cum 946K 3/22; recent production --
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-202231304303038110061603904166216932
BAKKEN2-2022282655126758910150098400098110
BAKKEN1-202231298032960010621529693455810992
BAKKEN12-20213127423275439875463782961311296
BAKKEN11-202130265972657010301429652544610082
BAKKEN10-20213121389213091035832733202847206
BAKKEN9-20213022350223671143434031201448703
BAKKEN8-20213123235231381414835925203089981
BAKKEN7-202131251572536717918402281874115300
BAKKEN6-20213013371131881406220318127575327
BAKKEN5-20213114470145231671618182132023630
BAKKEN4-2021251151411390197381750075629764
BAKKEN3-2021185028513130313
BAKKEN2-20211800000
BAKKEN1-2021172100000
BAKKEN12-20200000000
BAKKEN11-20200000000
BAKKEN10-20200000000
BAKKEN9-202011040121840177
BAKKEN8-202021380381200
BAKKEN7-20202240479191250125
BAKKEN6-2020114003066066
BAKKEN5-20200000000
BAKKEN4-20202890010593483910196
BAKKEN3-20203114521403626280302593
BAKKEN2-20202918991949701263802436
BAKKEN1-20203121692142740281402598
BAKKEN12-20193121902220940310302887

Halo Effect And Approaching Two Million Bbls Crude Oil Cumulative -- May 6, 2022

This well -- look at the permit/file number -- was drilled back in 2006 -- sixteen years ago, and is now approaching two million bbls crude oil cumulative. TWO MILLION BBLS

The well:

  • 1659, 729, Petro-Hunt, USA 2D-3-1H, Charlson, t10/06; cum 1.923 million bbls 3/22; and, yes, there was an obvious reason for the "halo effect" if one looks at the map; I may post the map later, but time to move on.

Production of note:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-202231110431100658120574153094468
BAKKEN2-2022288676869048815192120232438
BAKKEN1-202231112251115454917709114023715
BAKKEN12-202131127031270262419328113315771
BAKKEN11-20213012293122165831790685816680
BAKKEN10-2021311108711236306215603104422357
BAKKEN9-2021301247612403167817227111943059
BAKKEN8-202131113901147615721590286614713
BAKKEN7-202131135281339713021787591245628
BAKKEN6-202130109371105137611480191384003
BAKKEN5-2021311437914339386715486126921524
BAKKEN4-2021251366213558550517961707210715
BAKKEN3-20210000000
BAKKEN2-20211800000
BAKKEN1-20210000000
BAKKEN12-20200000000
BAKKEN11-2020145955630910282017866239
BAKKEN10-20201109001430142
BAKKEN9-202012690533300323
BAKKEN8-202021030291200
BAKKEN7-202021171748829022
BAKKEN6-20200000000
BAKKEN5-20200000000
BAKKEN4-20202836293722127746234543813
BAKKEN3-20203163936437280737430144144
BAKKEN2-20202949054875327438504183
BAKKEN1-20203152445270400489804682
BAKKEN12-20193148854832603510304887
BAKKEN11-201930370638131592496704758
BAKKEN10-20193147264759569510304936

A well of interest in the area which has shown at least two jumps in production over the years. I may post this as a stand-alone post later. This well is three years younger than the well above.

The well:

  • 17668, 1,163, Petro-Hunt, USA 3D-4-4H, Charlson, t9/09; cum 776K 3/22; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-202229421641632009807910326764
BAKKEN2-20222856335711197014315214118
BAKKEN1-20223169416885231915670115452
BAKKEN12-2021316743684025781673140215676
BAKKEN11-2021307463746627421691227416124
BAKKEN10-20213181288150405617966017750
BAKKEN9-2021308814868143881688227639282
BAKKEN8-2021319383939746691794537129888
BAKKEN7-2021311071910747570920238415610607
BAKKEN6-2021301101811040730119146390210393
BAKKEN5-2021297900794462901267335854746
BAKKEN4-202129871686556519131423928001
BAKKEN3-2021311225912275892015465106014319
BAKKEN2-20210000000
BAKKEN1-2021315901347261214
BAKKEN12-20200000000
BAKKEN11-20200000000
BAKKEN10-20200000000
BAKKEN9-2020628343333697427342310
BAKKEN8-202031167601729642972378923464109
BAKKEN7-2020211130378966823130
BAKKEN6-20200000000
BAKKEN5-20200000000
BAKKEN4-202021659171401323951593750
BAKKEN3-202031148271496534552108120599266
BAKKEN2-2020291667216778426123094197073185
BAKKEN1-2020311886018850508025596025380
BAKKEN12-2019311986120322566426960026750
BAKKEN11-2019302165421299629729830029621
BAKKEN10-2019312365623673692225886199435776
BAKKEN9-2019232022819660602228038189659058
BAKKEN8-20193136475367396566253841320812176
BAKKEN7-2019745363961510747534131622
BAKKEN6-20193145464322652480
BAKKEN5-201931187920481632716248515
BAKKEN4-2019301652160022026002236155
BAKKEN3-20193121402447317334431280
BAKKEN2-201927230422414273693342976
BAKKEN1-201931259825894434288399379