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Saturday, January 7, 2023

Another Well Brought Back To Life -- January 7, 2023

The well:

  • 18309, 1,306, Slawson, Banshee 2-1H, t12/09; cum 536K 11/20; only one day, 4/20; five days, 5/20; cum 543K 9/21; off line 4/22; back on line, 10/22; cum 548K 10/22; cum 550K 11/22
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20223020241538680184516950
BAKKEN10-2022281641150511731601144813
BAKKEN9-20220000000
BAKKEN8-20220000000
BAKKEN7-20220000000
BAKKEN6-2022002580000
BAKKEN5-202210006636630
BAKKEN4-2022211980713282230
BAKKEN3-20223110551253135131211561
BAKKEN2-2022285562591587686253
BAKKEN1-2022313984999566548922
BAKKEN12-202131404517746074467
BAKKEN11-202130391260946555050
BAKKEN10-202131418485936685094

Another Well Brought Back From The Brink? January 7, 2023

The well:

  • 18213, 3,308, Whiting, Platt 44-28H, Sanish, t12/09; cum 577K 11/20; cum 581K 6/21; off line 7/21; remains off line 9/21; back on line 9/22; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-2022301905189216771909183118
BAKKEN10-202231190019161730170516440
BAKKEN9-2022292451241611958978420
BAKKEN8-20220010000
BAKKEN7-2022182810100
BAKKEN6-20220000000
BAKKEN5-20220000000
BAKKEN4-20220000000
BAKKEN3-20220000000
BAKKEN2-20220000000
BAKKEN1-20220000000
BAKKEN12-20210000000
BAKKEN11-20210000000
BAKKEN10-20210000000
BAKKEN9-20210000000
BAKKEN8-20210000000
BAKKEN7-2021284955321041615157441
BAKKEN6-2021304785261411874186014
BAKKEN5-202131530555150218721870
BAKKEN4-202130604552103191919190
BAKKEN3-202131756760129227522130
BAKKEN2-202128556533146169916430
BAKKEN1-202131581751195190518376
BAKKEN12-202031628467302190718450
BAKKEN11-202030649696284186518050
BAKKEN10-202031626577296191318510
BAKKEN9-202030676726276209320330
BAKKEN8-2020317226672862306214797
BAKKEN7-2020316306273312008188462
BAKKEN6-202030578587378194318830
BAKKEN5-202031692665467183317710
BAKKEN4-202030660675289186218020

 

The "Theory" Says This Is Not Supposed To Happen -- January 7, 2023

The well:

  • 18104, 1,113, Hess, BB-State a-151-95-1615H-1, Blue Buttes, t11/09; cum 501K 11/20; off line most of 4/19; remains off line 12/19; intermittent, small production 10/19; struggling? remains off line 1/20 -- now listed as IA; back on line as of 4/20; back on line 5/20; recent production here; cum 518K 6/21; off line 7/21; remains off line 9/21; back on line 11/21; jump in production; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20220000000
BAKKEN10-2022243107331811574233415182
BAKKEN9-2022223032306610574925484382
BAKKEN8-202231421245161412647964790
BAKKEN7-202231355635561507456645660
BAKKEN6-202230460844542125653565350
BAKKEN5-202228527649502184700270020
BAKKEN4-202222421345371490525852580
BAKKEN3-202228464945292250515751570
BAKKEN2-202228625765323019774177410
BAKKEN1-202226490749652218603460340
BAKKEN12-202129694271521310849084900
BAKKEN11-202120368830541237444944490
BAKKEN10-20210000000
BAKKEN9-20210000000
BAKKEN8-2021910079121489429420
BAKKEN7-2021386225321381380
BAKKEN6-20213024252470389376237620
BAKKEN5-20212923082373381324032400
BAKKEN4-20213027952743439383638360
BAKKEN3-20213129123034480358135810
BAKKEN2-20212318021909219229622960
BAKKEN1-20212926812577575395039500
BAKKEN12-20203128932863458478647860
BAKKEN11-20203029122813452438843880
BAKKEN10-20203131573050505397439740
BAKKEN9-20203031513394492393539350
BAKKEN8-20203137553729653453745370
BAKKEN7-20202833163194736340034000
BAKKEN6-202030462145601012538453840
BAKKEN5-20202337353784818371137110
BAKKEN4-20206105886949169160
BAKKEN3-20200000000
BAKKEN2-20200000000
BAKKEN1-20200000000
BAKKEN12-20190000000
BAKKEN11-2019002180000
BAKKEN10-20195109987423106610660
BAKKEN9-20190000000
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-20190000000
BAKKEN5-20191450111110
BAKKEN4-2019270396221481480
BAKKEN3-20192823982376277407540750
BAKKEN2-201914880878149189618960

 

Nice Surprise: An Old EOG Austin Well Has Nice Jump In Production -- January 7, 2023

The "theory" says this is not supposed to happen

The well:

  • 17614, 1,595, EOG, Austin 20-29H, Parshall, t9/09; cum 854K 11/20; off line as of 5/18; back on line as of 11/18; see this post; off line 5/20; back on line 6/20; cum 864K 9/21; cum 875K 11/22; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-202230209820992337768747054
BAKKEN10-202231215121512546716638381
BAKKEN9-202219119311373342590240041
BAKKEN8-2022151551601085634378
BAKKEN7-20223141841714134610940
BAKKEN6-20223050351134154913050
BAKKEN5-202226474464170130311020

An XTO Well Drilled In 2009, Still Flowing Without A Pump, Goes Over One Million Bbls And Monthly Production Jumps -- January 17, 2023

The well:

  • 17147, 2,101, XTO, HBU Boucher 41X-21, Hofflund, t4/09; F; cum 992K 10/21; jump in production; cum 1.030890 million bbls 19/22; cum 1.036238 million bbls 11/22; recent production, still flowing without a pump; 3K over 11 days extrapolates to 8,770 bbls / 30 days; Hofflund is just north of the amazing Charlson:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20223053485441486812778540
BAKKEN10-2022317236699494810851105510
BAKKEN9-20221132162933523408629271092
BAKKEN8-20222029042890125836873410168
BAKKEN7-2022215661099071961554
BAKKEN6-202215276120131535063091321
BAKKEN5-202222360437325745784097361
BAKKEN4-202215177222176822521863338
BAKKEN3-20222644064422225559538991470
BAKKEN2-202213214717783519641718147
BAKKEN1-20223032763793107416027111188
BAKKEN12-2021263578290595454431711134
BAKKEN11-2021293449378014543803289832
BAKKEN10-2021313932378212849943747953
BAKKEN9-2021303563376911345063508802
BAKKEN8-2021313689357099466432851176

Random Update Of One Of Those Wonderful EOG Wayzetta Wells -- January 7, 2023

The well:

  • 17127, 1,714, EOG, Wayzetta 11-08H, t11/08; cum 793K 2/21; off line 5/20; returned to production, 6/20; cum 798K 9/21; cum 817K 11/22; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-202230212321235692445205289
BAKKEN10-202231212221228382453204792
BAKKEN9-202230206121369302159176689
BAKKEN8-2022312373229888617461344104
BAKKEN7-2022272111211773011709020
BAKKEN6-2022143853781888517160
BAKKEN5-202231977977444213218180
BAKKEN4-202229874874397192816490
BAKKEN3-20223110911056440226019460
BAKKEN2-2022289731009386197216880
BAKKEN1-20223110171018399204017360
BAKKEN12-202131980979383200216880
BAKKEN11-202130849953352184515410
BAKKEN10-202131827723356187115570
BAKKEN9-202130703703305162613220
BAKKEN8-202131707706290167813586
BAKKEN7-202122474519186132611220

More On These Two Wells Later -- Jannuary 7, 2023

The wells:

  • 16963, 423, Petro-Hunt, USA 35D-1-1H, Charlson, t12/08; cum 953K 11/22;
  • 34294, F/A, Petro-Hunt, USA 154-95-36D-35-2H, Charlson, t--; 356K 11/22;



 

North Dakota Governor Proposes Major State Income Tax Overhaul -- January 7, 2023

Link here.

Flat tax rate: 1.5%

  • those earning less than $54,725 (adj income): zero state income tax
  • current state income tax in North Dakota: five bracket with a top rate of 2.9%

From the linked article:

The state's financial reserves are flush with cash and far ahead of forecasts due to strong oil prices, steady production and an influx of federal coronavirus relief funds. The state’s general fund, which is financed mostly by taxes on income, sales and energy, is projected to have an ending balance of $684 million when the current budget cycle ends in June 2023.

Burgum said the income tax reduction was a way to return some of North Dakota’s budget surplus to taxpayers instead of stockpiling it.

The tactic by the second-term Republican governor to include lawmakers in the proposal comes after he asked North Dakotans last year to sign a petition endorsing his plan to use some of the state’s bulging surpluses to offset income taxes. The unorthodox move was perceived as an end-run around the GOP-led Legislature, which controls government spending and initially signaled no appetite for the idea.

In the end, the Legislature approved a bill to provide a $350 income tax credit for each North Dakota resident filing a return for 2021 and 2022. Burgum signed the legislation despite pushing for his preferred $500 income tax credit.

In addition, the North Dakota Legacy Fund, link here

An MRO Well Goes Over 500K Bbls Crude Oil Cumulative -- January 7, 2023

The MRO Shobe mega-pad is tracked here.

The well:

  • 36920, 4,336, MRO, Adonijah USA 44-5TFH-2B, Reunion Bay, first production, 11/20; t11/20; cum 239K 3/21; is anyone paying attention? Fracked 9/30/20 - 10/14/20; 11.1 million gallons water; 66.2% water by mass; 18.3% produced water by mass; Three Forks Second Bench; 24-hour oil: 4,336; 52 stages; 265K bbls volume; 16.92 million lbs proppants; cum 508K 11/22; early production:
BAKKEN6-20213021958221662289363512621020
BAKKEN5-2021312828328244261907074168370594
BAKKEN4-20213031750317992846860796572961559
BAKKEN3-20213137204372322936954912527030
BAKKEN2-20212731676316192477555989515472476
BAKKEN1-20213143625438824268363465608600
BAKKEN12-20203166239663207175386498825510
BAKKEN11-20202160451595837136064793612630
BAKKEN10-2020400306000