Updating The Enerplus Tennis Pad -- Heart Butte -- January 9, 2023

The Enerplus Tennis pad is followed here. 

It appears the pad is completed. The parent well remains off line:

The wells:

• 22240, 603, Enerplus, Net 149-92-30B-31H, Heart Butte, t7/12; cum 354K 4/21; was off line 7/21 to 9/21; back on line 9/21; cum 356K 9/21; 
• 38340, 2,046, Enerplus, Backhand 149-92-31C-30H, Heart Butte, no production data provided; IP released in daily activity report dated September 21, 2022; see production below.
• 38693, loc, Enerplus, Lob 149-92-31D-30H-LL, Heart Butte,
• 38346, conf: Court, 966 FSL 2054 FEL;
• 38345, conf: Serve, 931 FSL 2061 FEL;
• 38344, conf: Volley, 897 FSL 2069 FEL;
• 38343, conf: Ace, 863 FSL 2076 FEL;
• 38342, conf: Grip, 794 FSL 2091 FEL;
• 38341, conf: Dropshot, 760 FSL 2099 FEL;
• 38339, conf-->PNC: Topspin, section line well, 692 FSL 2113 FEL;

Early production:

• 22240, the parent well, IA/603, Enerplus, Net 149-92-30B-31H, Heart Butte, t7/12; cum 367K 7/22; off line.
  

• 38346, Court:

Date	Oil Runs	MCF Sold
11-2022	20595	8361
10-2022	20351	12235
9-2022	14959	9525

• 38345, Serve:
  

Date	Oil Runs	MCF Sold
11-2022	7033	4131
10-2022	8637	5049
9-2022	10681	6362
8-2022	185	89

• 38344, Volley:
  

Date	Oil Runs	MCF Sold
11-2022	19722	7352
10-2022	25731	14675
9-2022	29560	17608
8-2022	1887	867

• 38343, Ace:
  

Date	Oil Runs	MCF Sold
11-2022	15421	7739
10-2022	37195	31664
9-2022	13690	14597
8-2022	1565	922

• 38342, Grip:
  

Date	Oil Runs	MCF Sold
11-2022	15212	6795
10-2022	19636	11358
9-2022	24073	13661

• 38341, Dropshot:
  

Date	Oil Runs	MCF Sold
11-2022	17375	8799
10-2022	18576	11067
9-2022	14852	8788

• 38340, Backhand:
  

Date	Oil Runs	MCF Sold
11-2022	25573	11197
10-2022	18044	11655
9-2022	18027	10584

• 38693, Lob:
  

Date	Oil Runs	MCF Sold
11-2022	18899	10604
10-2022	25119	16285
9-2022	15622	8516
8-2022	3838	257

Another Bakken Well With That Dreaded Bakken Decline -- January 9, 2023

The well:

• 32273, 797, Slawson, Submariner Federal 7-23-20TFH, Big Bend, t6/19; cum 134K 1/20; off line 2/20; remains off line 1/21; cum 483K 11/22; still flowing without a pump; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2022	30	10398	9875	10332	14776	8282	6344
BAKKEN	10-2022	31	12866	12841	11158	18481	11557	6769
BAKKEN	9-2022	29	10897	10872	11474	15609	8160	7304
BAKKEN	8-2022	8	3217	2982	2667	4663	2140	2482
BAKKEN	7-2022	26	12411	12466	9670	18045	9015	8901
BAKKEN	6-2022	28	14677	15223	12442	21185	12852	8191
BAKKEN	5-2022	26	14624	14263	13294	20999	8450	12419
BAKKEN	4-2022	26	16360	16487	13479	23573	8758	14687
BAKKEN	3-2022	29	17936	18276	15017	25628	11611	13873
BAKKEN	2-2022	27	13292	13052	14773	18680	9179	9368
BAKKEN	1-2022	22	9167	9027	13960	13065	5053	7900
BAKKEN	12-2021	28	11666	11993	16363	16522	7725	8657
BAKKEN	11-2021	22	11470	11500	13748	16523	3812	12601

Drilled in 2019, and trending toward 500K in early 2023, but it was off line for more than a year:

BAKKEN	3-2021	24	13685	13958	18408	19651	3692	15838
BAKKEN	2-2021	9	9434	8102	1116	13566	0	13521
BAKKEN	1-2021	0	0	0	0	0	0	0
BAKKEN	12-2020	0	0	0	0	0	0	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	1	0	327	0	0	0	0
BAKKEN	3-2020	0	0	0	0	0	0	0
BAKKEN	2-2020	1	25	352	0	34	0	29
BAKKEN	1-2020	25	16226	16706	22082	23213	8679	12678
BAKKEN	12-2019	31	25321	24567	29426	38076	13130	22065

Another Natural Gas Pipeline -- January 9, 2023

Themes. 

Themes: 2023.

• Global energy: the 21st century is America's century.
• Medicine: it's all about CRISPR, mRNA
• Information: it's all about semi-conductors, automation, robotics

******************************
New Pipeline

Link here. Canadian, but that's okay.

Website here.

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

Active rigs: link here. 45.

WTI: $74.70.

Natural gas: $3.847.

Four new permits, #39556 - #39559, inclusive:

• Operator: CLR
• Field: Little Knife (Dunn)
• Comments:
• CLR has permits for four Fuller wells, lot 1 section 2-146-97, 
• to be sited 325 FNL and between 988 FEL and 1123 FEL

Seventeen permits renewed:

• MRO (11): the following permits, all in Dunn County: Levi USA; Kottke USA; Smith USA; Herbolt; Elizabeth Flix; Felix; State Willard; and, State Loland; the following permits in McLean County: Merwin USA; Foote USA, and Avallon USA.
• Oasis (6): six Pederson permits, all in McKenzie County;

Five permits canceled:

• Enerplus (3): three LK-Quilliam permits in Dunn County;
• MRO: a Mathias permit, and a Coan permit, both in Dunn County;

One producing well (a DUC) reported as completed:

• 36744, 2,855, XTO, FBIR Lawrence 24X-26A, Heart Butte,

The FBIR Lawrence wells are tracked here.

As Good A Definition As "Transitory" As Any -- Same With The Most Recent Housing Data -- January 9, 2023

Link here.

Without Question, The Most Interesting Story Of The Day -- The Story Connects A Lot Of Dots -- January 9, 2023

Re-posting.

RBN Energy: Tallgrass bid breathes new purpose into languishing Ruby Pipeline. Archived.

Tallgrass Energy last month snagged an early Christmas present: It won a bid for Ruby Pipeline, the beleaguered Rockies-to-West Coast natural gas system that has long been underutilized and cash-poor.

In doing so, it beat out one of the largest midstream companies in North America and a long-time co-owner of Ruby — Kinder Morgan.

Ruby may be a languishing asset, but for Tallgrass it’s more like a crown jewel in its quest to be the only transcontinental header system in the country that would connect trapped Appalachian gas supply with premium West Coast markets

Tallgrass’s Rockies Express (REX) pipeline is already moving Marcellus/Utica molecules west to the Rockies — the opposite direction than it was originally built for in the pre-Shale Era

The Ruby acquisition, which has yet to close, would allow Tallgrass to extend its reach farther west, directly into the premium West Coast markets. The Ruby deal comes at a time when California’s aggressive decarbonization goals are leading to gas shortages and exorbitant fuel premiums out west, and there’s an immediate need to debottleneck routes to get gas there. In today’s RBN blog, we begin a series delving into how Ruby fits into the Western U.S. gas market and what the acquisition would mean for Tallgrass.

We’ll start with the deal itself. On December 16, Tallgrass announced that it had reached an agreement to buy the Ruby Pipeline out of bankruptcy for $282.5 million.

Ruby Pipeline, a joint venture of Kinder Morgan and Calgary-based Pembina, filed for Chapter 11 bankruptcy protection on March 31 as the financially struggling pipeline was approaching debt repayment obligations that it could not meet. Tallgrass entered its bid in a court-ordered auction held on December 13, beating out a bid of $276 million from Kinder Morgan’s EP Ruby LLC, which also made the initial stalking-horse bid of $236 million.

Southern Surge -- January 9, 2023

Finally, being reported by The LA Times:

The headline is incorrect: the president visited El Paso and was given a tour of well-maintainted neighborhoods. 

I still maintain President Trump mishandled this issue. Talked about it a few days ago.

• Trump saw it as a security issue.
• Biden sees it as a political issue.

Meanwhile, President Biden doing a great job putting this monkey on the back of the GOP with the help of the media. The photo ops, the stories, everything suggests the "southern surge" became" an issue during the Trump administration. Biden and the media will make sure that story sticks.

********************************
Muscle Car -- Lego

For Judah and Levi:

 

China -- Re-Opens -- January 9, 2023

Posted yesterday:

The market will tell us.

So, now, today, did the market tell us?

Global air travel exceeds 2019 levels for first time since Covid-19 pandemic. Link here.

• graphic here:
  

Coal: China eases ban on Australian coal. 

Oil: China issues massive oil import quota as it reopens borders.

Chart? Link here.

Metals: copper, aluminum lead the metals rally on China re-opening.

Most Interesting Data Point Of The Day -- January 9, 2023

I'll post two links from the same social media thread. Interestingly enough, the individual who tweeted this ignored (or failed to see) the most important data point. Warren Buffett, for one, took advantage of this, until recently.

The first link:

The second link, a reply to the initial tweet:

The Road To New England -- January 9, 2023

New England: link here.

Predicted by the global warming crowd: link here and reported by The Washington Post.

And the road to California, link here:

Atmospheric CO2: won't be reported this week; may not be reported for months. Sad. Not sad.

Laser-focused on dividends: EPD raises "dividend": distribution hike. Link here.

• not much, but a distribution hike, nonetheless
• paying 8%

Energy, Part 1 -- January 9, 2023

D5S + 30 days -- one month out: I mentioned this last week and actually got a bit of pushback on my observation; LOL:

• link here:

How Russia misplayed the energy issue: link here.

Some argue that it's gonna be a draw: link here.

*******************************
The Book Page

Missing photo:

• it seemed when I was growing up, a photo of this world leader was everywhere;
• now, can't find "him" anywhere -- I'm not even finding any books being written about him

Book of the day: being released tomorrow, January 10, 2023. My copy is in transit. Amazon will deliver it tomorrow. 

Word of the day: manqué.

Most Under-Reported Story -- January 9, 2022

Covid-19 - and Japan: With all the hysteria, hyperbole, and fear promulgated by the US mainstream media over the past two or three years, what we're not hearing from/about Japan is amazing. The blog noted this several days (weeks?) ago and has provided regular updates. 

Current data: ranked by number of new cases. Link here.

************************
The Book Page

Link here.

Investing: January 9, 2023

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.  

Macy laid an egg. Link here.

Baxter: worth taking a look. Baxter to spin off renal care and acute therapies unit.

TSMC: SeekingAlpha.

Buffett, again: chart of the day.

Energy, Part 2 -- SPR -- January 9, 2023

Not gonna be easy re-filling the SPR. At best, Biden will "gaslight" us with headlines about refilling the SPR. Link here.

Huge Day -- No Looking Back -- Happy Monday -- January 9, 2023

What we'll be talking about today:

• Japan: Covid-19.
• China: re-opening.
• announces massive oil import quotas
• coal from Australia
• WTI / Brent surges
• no looking back
• Warren Buffett's commodity buying: historical
• Russian sanctions
• TSMC: Buffett again
• airline travel now greater than records set in 2019
• laser-focused on dividends: EPD raises "dividend"
• New England: powering up with most expensive energy on earth
  

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

The Far Side: the far side.

Active rigs: link here.

WTI: up 3%; up $2.22; trading at $75.99.

Natural gas: up 11%; up 40 cent; trading at $4.114

Monday, January 9, 2023:
37566, conf, Petro-Hunt, Johnson 158-94-14A-23-1HS,

Sunday, January 8, 2023:
38197, conf, Hess, EN-Rehak A-155-94-1423H-6,
36180, conf, BR, George 2B TFH,

Saturday, January 7, 2023:
38918, conf, Rampart Energy Company, Coteau 4,
36181, conf, BR, George 2A MBH,

RBN Energy: Tallgrass bid breathes new purpose into languishing Ruby Pipeline. Archived.

Tallgrass Energy last month snagged an early Christmas present: It won a bid for Ruby Pipeline, the beleaguered Rockies-to-West Coast natural gas system that has long been underutilized and cash-poor.

In doing so, it beat out one of the largest midstream companies in North America and a long-time co-owner of Ruby — Kinder Morgan.

Ruby may be a languishing asset, but for Tallgrass it’s more like a crown jewel in its quest to be the only transcontinental header system in the country that would connect trapped Appalachian gas supply with premium West Coast markets

Tallgrass’s Rockies Express (REX) pipeline is already moving Marcellus/Utica molecules west to the Rockies — the opposite direction than it was originally built for in the pre-Shale Era

The Ruby acquisition, which has yet to close, would allow Tallgrass to extend its reach farther west, directly into the premium West Coast markets. The Ruby deal comes at a time when California’s aggressive decarbonization goals are leading to gas shortages and exorbitant fuel premiums out west, and there’s an immediate need to debottleneck routes to get gas there. In today’s RBN blog, we begin a series delving into how Ruby fits into the Western U.S. gas market and what the acquisition would mean for Tallgrass.

We’ll start with the deal itself. On December 16, Tallgrass announced that it had reached an agreement to buy the Ruby Pipeline out of bankruptcy for $282.5 million.

Ruby Pipeline, a joint venture of Kinder Morgan and Calgary-based Pembina, filed for Chapter 11 bankruptcy protection on March 31 as the financially struggling pipeline was approaching debt repayment obligations that it could not meet. Tallgrass entered its bid in a court-ordered auction held on December 13, beating out a bid of $276 million from Kinder Morgan’s EP Ruby LLC, which also made the initial stalking-horse bid of $236 million.