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Sunday, February 26, 2023

Sunday Night -- February 26, 2023

Focus on Fracking: posted.

UNP: reminder to watch tomorrow.

Earnings tomorrow, according to Yahoo!Finance:

  • BRK-A; GOEV; RRC; TGT; FSF (Fisker); OKE (Oneok);
  • RIVN: reports Tuesday, February 27, 2023

WTI: if WTI opens even one penny "in the green," this will be the first Monday in a "month of Mondays" in which WTI opens "in the green." LOL.  

**********************
Focus On Fracking

Link here.

Lede:

  • natural gas​ hit $2 for the ​​first time in 29​ month​s; ​
  • lower 48 ​oil production at a 33 month high​;​ 
  • commercial crude oil inventories are at a new 20 month high​ as oil supplies that cannot be accounted for tops two million barrels per day (see below)
  • DUC backlog at 4.9 months after largest increase since June 2020​

Also: the "fudge factor" seems a bit larger than usual:

To account for that disparity between the apparent supply of oil and the apparent disposition of it, the EIA just inserted a [+2,073,000] barrel per day figure onto line 13 of the weekly U.S. Petroleum Balance Sheet in order to make the reported data for the daily supply of oil and for the consumption of it balance out, a fudge factor that they label in their footnotes as “unaccounted for crude oil,” thus suggesting there was an omission or error of that magnitude in this week’s oil supply & demand figures that we have just transcribed....
However, since most everyone treats these weekly EIA reports as precise, and since these weekly figures often drive oil pricing, and hence decisions to drill or complete oil wells, we’ll continue to report this data just as it's published, and just as it's watched & believed to be reasonably accurate by most everyone in the industry...
... (for more on how this weekly oil data is gathered, and the possible reasons for that “unaccounted for” oil, see this EIA explainer)….

***************************
Pool Time

An Old Enerplus Well Goes Over 500K Bbls Crude Oil Cumulative -- February 26, 2023

The well:

  • 18809, 753, Enerplus/Peak North Dakota, Baker 20-34H, Heart Butte, Bakken, t8/11; cum 461K 4/19; cum 503K 5/21; cum 531K 12/22;

Recent production

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-202220127597854010717940
BAKKEN11-20222715861468955135010410
BAKKEN10-202231200123821036219518380
BAKKEN9-202221135511686809696250
BAKKEN8-2022311813187012482095937219
BAKKEN7-2022291954205785113568670
BAKKEN6-2022271699156174211748160
BAKKEN5-2022312018201789613689370
BAKKEN4-202220130615695729655980
BAKKEN3-20223121551929939227918440
BAKKEN2-20222819781919857279325390

An Enerplus Well Drilled In 2011 Has Gone Over 500K Bbls Crude Oil Cumulative -- February 26, 2023

The well:

  • 18545, 1,676, ERF, Ethan Hall 6B-7-1H, Moccasin Creek, Bakken, t2/11; cum 447K 4/19; back on line 3/19 after being off line for quite some time; cum 482K 5/21; cum 499K 12/22;

Recent production:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-202225835830161947496385
BAKKEN11-2022301053102410690081928
BAKKEN10-20223110281020291490263169
BAKKEN9-2022301055104841544431279
BAKKEN8-202231985100651158949246
BAKKEN7-20223196794132563552345
BAKKEN6-20223010761090292100189448
BAKKEN5-20222910961085316102050
BAKKEN4-2022291019100640397785445
BAKKEN3-202231121012357561309117456
BAKKEN2-202225840821447119270838

A CLR Wildcat Drilled Back In 2011 Trending Toward 500K Bbls Crude Oil Cumulative -- February 26, 2023

It will still be a few more months to officially go over 500K bbls crude oil cumulative, but ...

The well:

  • 19424, (1,984) 662, CLR, Bud 1-19H, Wildcat (about 3 miles south of Stockyard Creek), Bakken, t3/11; cum 438K 4/19; huge jump 8/17; no re-frack; see this post; cum 492K 12/22;

Recent production

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-2022318709531001605656370
BAKKEN11-2022308087971034641560100
BAKKEN10-2022318638201106689764780
BAKKEN9-2022308857761075676163560
BAKKEN8-20223199010981200668662670
BAKKEN7-202231103911081268637059510
BAKKEN6-20223097779311525505504260
BAKKEN5-20223194511201066497045880

Halo Effect Observed In Old Hunt Oil Halliday Well -- February 26, 2023

Well, well, well, look at this. 

The newer Hunt Oil Halliday wells are coming off confidential list this week.

Look at this old Halliday well:

  • 19401, 415, Hunt, Halliday 1-15-22H1, Lake Ilo, t1/11; cum 228K 4/19; cum 248K 5/21; cum 277K 12/22;

Reccent production: 

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-2022251940178756826003500
BAKKEN11-20220000000
BAKKEN10-2022303620000
BAKKEN9-2022309077913422595428537720
BAKKEN8-20221998889569241764323386675
BAKKEN7-20220000000
BAKKEN6-20222095853970
BAKKEN5-20223163558516496532050
BAKKEN4-20222957364714874901770
BAKKEN3-20223183971715108122540
BAKKEN2-20222859067913627272400
BAKKEN1-20223173570014076722210
BAKKEN12-20213174273116527862340
BAKKEN11-20213069268116897322150

Devon -- 4Q22

At current return:
  • 0.20 +0.60 = 0.89 x 4 = $3.56
  • $3.56 / 55 = 6.47%

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

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.


Devon says it will maintain its proposed drilling program for 2023 down to $40 / bbl
. Link here.

Let's take a look at the rest of that NGI story.

By the way, before we get started, remember all the news stories less than three months ago that shale operators were going to stay the course, not increase CAPEX in 2023 -- what happened? But I digress.

Devon.

  • plays in play:
    • Permian Delaware
    • Anadarko
    • Williston
    • Powder River
  • 2023 CAPEX budget: $3.6 - $3.8 billion
    • midpoint: a 46% increase from 2022's CAPEX of $2.54 billion\
    • holy mackerel! A 46% increase!
    • will self-fund the entire budget even if WTI drops as low as $40 / bbl
  • Delaware:
    • will be the top funded asset in the Devon portfolio
    • roughly 60% of Devon's total capital budget for 2023
    • Devon's Delaware: "world-class productivity"
    • Devon has established multiple "outlets" which will avoid many of the takeaway constraints in the basin
    • 95% of Devon's Delaware gas protected by firm contracts
    • 2/3rds of Devon's Delaware program will be directed in New Mexico
  • Eagle Ford:
    • three-rig program for 2023
    • bring online nearly 90 wells across 82,000 net-acre position
  • Anadarko:
    • 40 wells across 300,000 net acres
  • Powder River Basin:
    • 20 wells across 300,000 net acres
  • Williston:
  • 40 gross wells across 123,000 net acres
  • Production, 2022:
    • 4Q22: 1.03 Bcf/d natural gas vs 943 in 2021;
    • a quarterly record 316,000 bopd vs 300,000 in 2021;
    • quarterly record 148,000 b/d natural gas liquids vs 154,000 in 2021
  • Previously reported:
  • acquired Eagle Ford pure-play Validus Energy for $1.8 billion
  • acquired RimRock Oil and Gas LP's Williston assets for $865 million

Much more at the link.

  • Devon reported net income of $1.2 billion ($1.84/share) for the fourth quarter, versus $1.51 billion ($2.24) in 4Q2021. Full-year net earnings were $6.04 billion, up from $2.83 billion in 2021. 
  • Total revenue was $4.3 billion in the fourth quarter, compared with $4.27 billion in the same period of 2021. Full-year revenues were $19.2 billion in 2022, up from $12.2 billion in 2021.

Let's Do The Math -- Back Of The Envelope At The Thirsty Lion Earlier Today -- February 26, 2023

EOG:

  • production forecast for 2023: 944,000 to 1.03 million bopd; let's call it 1 million bopd
  • most recent production: 909,100 boepd
  • difference: 90,000 boepd
  • EOG: to increase CAPEX by $1.4 billion, y/y, in 2023
  • $1.4 billion / 90,000 boepd = $16,000 / bbl
  • I was once told a common data point when valuing an oil play: $20,000 - $40,000 / flowing boepd
  • what would it take to "cover" that $1.4 billion in one year?
  • $1.4 billion / (90,000 bopd x 365 days) =
  • $1.4 billion / (32,850,000) = $42

Now, is that $42 even in the ballpark?

Devon says it will maintain its proposed drilling program for 2023 down to $40 / bbl. Link here.

Let's take a look at the rest of that NGI story.

By the way, before we get started, remember all the news stories less than three months ago that shale operators were going to stay the course, not increase CAPEX in 2023 -- what happened? But I digress.

Devon.

  • plays in play:
    • Permian Delaware
    • Anadarko
    • Williston,
    • Powder River
  • 2023 CAPEX budget: $3.6 - $3.8 billion
    • midpoint: a 46% increase from 2022's CAPEX of $2.54 billion\
    • holy mackerel! A 46% increase!
    • will self-fund the entire budget even if WTI drops as low as $40 / bbl
  • Delaware:
    • will be the top funded asset in the Devon portfolio
    • roughly 60% of Devon's total capital budget for 2023
    • Devon's Delaware: "world-class productivity"
    • Devon has established multiple "outlets" which will avoid many of the takeaway constraints in the basin
    • 95% of Devon's Delaware gas protected by firm contracts
    • 2/3rds of Devon's Delaware program will be directed in New Mexico
  • Eagle Ford:
    • three-rig program for 2023
    • bring online nearly 90 wells across 82,000 net-acre position
  • Anadarko:
    • 40 wells across 300,000 net acres
  • Powder River Basin:
    • 20 wells across 300,000 net acres
  • Williston:
  • 40 gross wells across 123,000 net acres
  • Production, 2022:
    • 4Q22: 1.03 Bcf/d natural gas vs 943 in 2021;
    • a quarterly record 316,000 bopd vs 300,000 in 2021;
    • quarterly record 148,000 b/d natural gas liquids vs 154,000 in 2021
  • Previously reported:
  • acquired Eagle Ford pure-play Validus Energy for $1.8 billion
  • acquired RimRock Oil and Gas LP's Williston assets for $865 million

Much more at the link.

  • Devon reported net income of $1.2 billion ($1.84/share) for the fourth quarter, versus $1.51 billion ($2.24) in 4Q2021. Full-year net earnings were $6.04 billion, up from $2.83 billion in 2021. 
  • Total revenue was $4.3 billion in the fourth quarter, compared with $4.27 billion in the same period of 2021. Full-year revenues were $19.2 billion in 2022, up from $12.2 billion in 2021.

In The News: UNP -- February 26, 2023

UNP, link here:

UNP earned about $11.20 / share in 2022 (this past year). Activist investors feel UNP could earn $18 / share in 2025 with a new CEO.

Union Pacific Corp. said Sunday it plans to name a new chief executive this year, hours after a major shareholder publicly urged the railroad company’s board to oust Lance Fritz from the job.

Soroban Capital Partners, a New York hedge fund managing about $10 billion, on Sunday disclosed a letter it wrote to Union Pacific directors pushing for the change, arguing that the company has underperformed on Mr. Fritz’s watch.

Union Pacific said in a statement that its board is focused on finding “highly-qualified candidates both within the industry and adjacent industries.” Among its considerations are a track record of success in safety and operational matters, the company said, crediting Mr. Fritz with achieving financial growth in difficult conditions.

It's not uncommon for shares to rise in value -- at least briefly -- on such news, so something to watch, Monday, February 27, 2023.

Word ForThe Day: Ungual -- February 26, 2023

One can learn the meaning of a word many different ways. My problem: I often learn a new word but then forget the meaning sometime later. I have much more success if I learn the new word from a book.

From page 230, The Rise and Reign of the Mammals: A New History, From the Shadow of the Dinosaurs to US, Steve Brusatte, c. 2022.

 "These mammals became known as Darwin's South American Ungulates, because many of them walked on hooves -- a hoof being the modified ungual, or last bone, on each finger or toe, Darwin's Ungulates were astoundingly diverse."
From wiki:
An ungual (from Latin unguis, i.e. nail) is a highly modified distal toe bone which ends in a hoof, claw, or nail. Elephants and ungulates have ungual phalanges, as did the sauropods and horned dinosaurs. A claw is a highly modified ungual phalanx.

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Global Warming Smacks New England

Link here.

Meanwhile, a historic winter storm hits southern California.

Different Ways To Start A Second Chapter -- February 26, 2023

Link here.

"Marcy"? Marcellus.

*********************************
EOG

Link here.

Bottom line: companies don't grow ...

  • a) by complaining and whining;
  • b) lowering CAPEX

The leaders of EOG Resources Inc., Houston, are ramping up spending plans this year aiming to put up 9% total production growth from their multi-basin portfolio.

EOG’s 2023 capital spending is expected to be $5.8-6.2 billion—versus $4.6 billion last year and about $3.8 billion in 2021—with a goal of 630 net completions across the United States and in Trinidad. The company’s average rig count for the year is expected to tick up by about two rigs and one frac fleet as it targets total production of 986,000 boe/d. [Let's just call it a million boepd.]

Of the $6 billion, $4.4 billion has been allocated to premium areas, with the company’s holdings in the Eagle Ford set to grow most significantly. EOG executives plan to develop about 21,000 net new acres there and add two rigs as part of a plan to complete 155 wells this year, up from 103 in 2022. On a smaller scale, EOG’s Power River and Dorado basin plays are forecast to complete a combined 70 wells versus 49 last year.

By contrast, the company will essentially hold steady in the Delaware basin, its largest operation by far. After completing a net 358 wells in the basin last year, EOG is targeting 365 for 2023.

More at the link.

EOG: 4Q22 and full year 2022 results. Link here.

  • sneak-a-peek: mixed
  • “special dividend”: $1.00
  • reg div maintained: 82.5 cents from 75 cents (increased in January, 2023)
  • EPS miss: $3.30 vs $3.31 (others say $3.37) on higher drilling costs.
  • revenue beat: $6.72 billion vs $6.62 billion
  • most recent: production up 5% q/q to 909,100 bopd 
  • forecast, 2023: 944,000 to 1.03 million bopd
  • average realized US crude oil price rose 9% to $85.68
  • social media;

Dividend history (note: does not include most recent declaration):

US Oil Is Back -- Stronger Than Ever -- February 26, 2023

Link here.

ESG is dead.

Energy transition is dead.

But US oil sector is not. 

From the linked article:

A year of war in Ukraine has highlighted the return of oil as a source of U.S. financial influence and geopolitical power.

As the West has shunned most Russian energy, unleashing a pressure campaign against the Kremlin’s petroleum revenues, record U.S. crude exports have helped fill the gap in Europe with the oil needed to produce gasoline, diesel and jet fuel.

Since February 2022, when Russia invaded Ukraine, average monthly seaborne cargoes to the continent jumped 38% compared with the previous 12-month period, according to ship-tracking firm Kpler. A fleet of skyscraper-size tankers carried more crude to Germany, France and Italy—the European Union’s largest economies—as well as Spain, which alone boosted purchases by about 88% over the period.

The pull of oil shipments from the Gulf Coast to Europe, which Kpler pegged at 1.53 million barrels a day in January, has in recent months made the continent a larger destination for U.S. crude than Asia.

By the way, have others noted "Kpler"?

Now, fallout from the war in Ukraine is underlining how the shale boom remade U.S. energy leverage over the past 15 years. Innovations in hydraulic fracturing and horizontal drilling that tapped gushers of fossil fuels are reshaping energy trading and prices in the image of West Texas and other shale regions.

U.S. natural gas shipments to Europe more than doubled last year, according to the White House, cushioning the continent’s households and manufacturers after Russia throttled supplies. Analysts say surging U.S. crude production helped to calm markets as the West restricted most Russian exports with bans and novel price caps in recent months.

“America is back in the most predominant position it has been in world energy since the 1950s,” said Daniel Yergin, an energy historian and vice chairman of S&P Global. “U.S. energy now is becoming one of the foundations of European energy security.”


Much, much more at the link.

Remember: the most recent round of sanctions went into effect earlier this month, February 5, 2023.

And Russia has announced it's cutting production by 500,000 bopd starting in three days -- March, 2023.

Credit Card Debt -- WSJ -- February 26, 2023

Pop quiz:

  • read the original post below and/or the original article at The WSJ. What huge data point is the writer missing? 
  • if you can answer that question, you will immediately see why this "credit card debt" is not as bad as it may seem. [Later: here's the answer.]
    • hint: we've discussed it on the blog before. 
    • hint: a Forbes writer discussed this back in 2021. I'll post the link later [it's posted abovee]. The writer was "sorta" correct, but not really. [Remember, money is fungible.]

An unrelated note/comment:

  • baby boomers and traditionalists (see below), all over the age of 60 now -- and all "seniors" by definition -- have lived their entire lives without "free money" -- Fed rate at zero percent -- the millennials have pretty much known nothing but "free money" and good times ... "seniors" learned how to budget;
  • seniors didn't have Disneyworld; didn't have free money; didn't have huge student loans;
  • seniors are living in homes for which are paid; most are now collecting social security and many don't need it; seniors, lower tax rates; kids' have left home;
  • seniors have forty years of experience, good times, bad times; most have learned to survive;
  • what I take from this:
    • seniors better prepared for next five years;
    • credit card debt -- all things being equal -- will be much more difficult for millennials than seniors to handle;
    • generation X must be terrified; not much time to catch up; millennials -- at least the younger ones -- have more time to catch up
    • seniors: more comfortable with savings than investing, are going to love money market funds at 5% plus
  • answer to the pop quiz above will help immensely in better understanding all that is going on;
  • the next question: do credit card (banks) have this figured out? 
  • the other day I was going to post a blog on credit cards but it was accidentally deleted and I wasn't in the mood to re-do it, but I think I have another data point.

Original Post

30-second / elevator speech: US economy in the hands of the millennials right now -- 

  • millennials (born 1981 - 1996): 27 - 42 years old

Demographics here.

April 16, 2022: how Gallup "defines" the generations [ages adjusted for 2023]:

  • generation Z (born 1997 - 2004): 19 - 26 years old
  • millennials (born 1981 - 1996): 27 - 42 years old
  • generation X (born 1965 - 1980): 43 - 58 years old
  • baby boomers (born 1946 - 1964): 59 - 77 years old
  • traditionalists (born before 1946): over 77 years old

March 2, 2019: two "wings" of Millennials -- 

  • generation Y (1981 - 1991) and generation Z (1991 - 2001).  
  • broad definition of "millennials": those reaching adulthood in the early 21st century. That's a very, very wide range. That would almost include some 30-ish year-old parents with teenage millennials -- in other words, millennials raising millennials. 

How the generations got their names? Link here.

Now, today, from The WSJ -- credit card debt by generation: link here

Oh, come on, give me a break. This is the example The WSJ is using to show why 30-somethings are piling on credit card debt. Oh, give me a break. This is the lede to insightful writing by The WSJ writers (LOL):


The Disney trip
:

  • two adults, four children
  • Lincoln, NE: round-trip, high season, $800 / person; 6 x $800 = $5,000
  • local transportation: rental or Uber -- $600
  • three days, four nights rooming: $500 x 4 nights = $2,000
  • meals: $200 / day x three days = $600
  • trinkets for the four kids: $500
  • trinkets for the parents: $2,000
  • tickets for each: $150 x 6 x 3 = $2,700
  • subtotal for the Disney trip: $13,400
  • assuming it's paid off over six months at 25% carrying interest: $445.
  • total: $13,845.

Local museum and zoo trips.

They had outstanding student loans: $160,000 -- betting that courts would uphold Biden's reprieve.

The next story:
 

First question: why couldn't her parents take care of the kids instead of $1,200 / month for child-care?

As soon as they blamed "inflation," ... but no, it got worse ... their problems began with ... stick with me ... shampoo



As if we didn't need yet another graph, but here it is:

Initial Production For Wells Coming Off Confidential List This Next Week -- February 26, 2023

The wells:

  • 38750, conf, Ovintiv, Sorenson Federal 153-96-9-4-6HLW, Sand Creek, no production data, 
  • 36480, conf, WPX, Skunk Creek 12-7-8H3A, Heart Butte, no production data, 
  • 36479, conf, WPX, Skunk Creek 12-7-8-9HA, Heart Butte, no production data, 
  • 30861, conf, BR, Cleetwood 11-27TFH-A, Elidah, no production data, 
  • 39097, conf, CLR, Woodrow 5-32H, West Capa, no production data, 
  • 38340, conf, Enerplus, Backhand 149-92-31C-30H, Heart Butte,
DateOil RunsMCF Sold
12-2022164918838
11-20222557311197
10-20221804411655
9-20221802710584
  • 36481, conf, WPX, Skunk Creek 12-7-8-16H, Heart Butte, no production data, 
  • 11574 (no typo), conf, Empire North Dakota LLC, USA Johnson 1-19, Starbuck,
DateOil RunsMCF Sold
12-20223520
11-20223040
10-2022650
  • 39098, conf, CLR, Woodrow 6-32H, West Capa, no production data, 
  • 38749, conf, Ovintiv, Sorenson Federal 153-96-9-4-5H, Sand Creek, no production, data, 
  • 38341, conf, Enerplus, Dropshot 149-92-31C-30, Heart Butte,
DateOil RunsMCF Sold
12-2022131197550
11-2022173758799
10-20221857611067
9-2022148528788
  • 36483, conf, WPX, Skunk Creek 12-7-8-16HA, Heart Butte, no production data,
  • 36482, conf, WPX, Skunk Creek 12-7-8-16H3, Heart Butte, no production data, 
  • 23930 (no typo), conf, Hunt, Oakland 2-18-19H, Parshall, no production data, 
  • 39099, conf, CLR, Woodrow 7-32H, West Capa, no production data, 
  • 38748, conf, Ovintiv, Sorenson Federal 153-96-9-4-5H, Sand Creek, no production data, 
  • 38616, conf, Hunt, Halliday 146-93-25-36H 4, Werner, no production data, 
  • 28847 (no typo), conf, Hunt, Oakland 2-7-6H, Parshall, no production data,
  • 38959, conf, KODA Resources, Stout 1603-3BH, Fertile Valley,
DateOil RunsMCF Sold
12-2022199490
11-2022175360
10-2022141910
  • 38957, conf, KODA Resources, Stout 1622-1BH, Fertile Valley,
DateOil RunsMCF Sold
12-2022159720
11-2022164840
10-2022152950
  • 38615, conf, Hunt, Halliday 146-93-25-36H 3, Werner, no production data, 
  • 38342, conf, Enerplus, Grip 149-92-31C-30H, Heart Butte,
DateOil RunsMCF Sold
12-2022138837248
11-2022152126795
10-20221963611358
9-20222407313661
  • 39083, conf, CLR, Woodrow 2-32H, West Capa, no production data, 
  • 38747, conf, Ovintiv, Sorenson Federal 153-96-9-4-13H, Sand Creek, no production data, 
  • 38346, conf, Enerplus, Court 149-92-31D-30H, Heart Butte,
DateOil RunsMCF Sold
12-2022160998525
11-2022205958361
10-20222035112235
9-2022149599525
  • 39160, conf, Resonance Exploration, Resonance Huber 13-1H, South Westhope,
DateOil RunsMCF Sold
1-202331040
12-202227080
  • 39085, conf, CLR, Woodrow 4-32H, West Capa, no production data, 
  • 39084, conf, CLR, Woodrow 3-32H1, West Capa, no production data, 
  • 39056, conf, Lime Rock, Yellowstone 14H, North Fork, no production data, 
  • 38746, conf, Ovintiv, Sorenson Federal 153-96-9-4-4H, Sand Creek, no production data, 
  • 38745, conf, Ovintiv, Sorenson Federal 153-96-9-4-12H, Sand Creek, no production data, 
  • 38417, conf, Liberty Resources, AZ W 158-93-13-24-1MBH, Enget Lake,
DateOil RunsMCF Sold
12-20221895319581
11-20222692026515
10-20222905328523
9-2022169088531
  • 39089, conf, CLR, Colette 6-18H, Dollar Joe, no production data, 
  • 38934, conf, Kraken, Claire Rose LE 31-30-1H, Burg, no production data, 
  • 38744, conf, Ovintiv, Sorenson Federal 153-96-9-4-3H, Ovintiv Creek, no production data,
  • 38416, conf, Liberty Resources, AZ W 158-93-13-24 1MBH, Enget Lake,
DateOil RunsMCF Sold
12-20222000920664
11-20222248621350
10-20222433623212
9-20222742526482
8-202229952741
  • 38345, conf, Enerplus, Serve 149-92-31D-30H, Heart Butte,
DateOil RunsMCF Sold
12-202262114896
11-202270334131
10-202286375049
9-2022106816362
8-202218589
  • 38344, conf, Enerplus, Volley 149-92-31D-30H, Heart Butte,
DateOil RunsMCF Sold
12-2022125606397
11-2022197227352
10-20222573114675
9-20222956017608
8-20221887867
  • 36049, conf, Oasis, Foley Federal 5301 12-13 2B, Baker,
DateOil RunsMCF Sold
12-20222500018339
11-20222502721741
10-20222581316735
9-20223813330085
8-202252783949
  • 39088, conf, CLR, Colette 5-18H, Dollar Joe, no production data, 
  • 39019, conf, Lime Rock, Yellowstone 12H, North Fork, no production data, 
  • 38743, conf, Ovintiv, Sorenson Federal 153-96-9-4-11H, Sand Creek, no production, data, 
  • 38404, conf, Kraken, Sidney 32-29 2TFH, Sorkness,
DateOil RunsMCF Sold
12-20221777117225
11-202285183454
10-20222468914726
  • 36050, conf, Oasis, Foley Federal 5301 12-13 3B, Baker,
DateOil RunsMCF Sold
12-20222400022185
11-202282907119
10-20222523035896
9-20223620629501
8-202259044691
  • 39087, conf, CLR, Colette 4-18H, Dollar Joe, no production data, 
  • 39018, conf, Lime Rock, Yellowstone 11H, North Fork, no production data, 
  • 38693, conf, Enerplus, Lob 149-92-31D-30H-LL, Heart Butte,
DateOil RunsMCF Sold
12-2022130296849
11-20221889910604
10-20222511916285
9-2022156228516
8-202238382577
  • 38428, conf, Whiting, Nesheim 11-24HU, Sanish,
DateOil RunsMCF Sold
12-20221182414481
11-20222083420953
10-20222253217378
9-2022176059926
  • 38405, conf, Kraken, Sidney 32-29 3H, Burg, no production data, 
  • 38343, conf, Enerplus, Ace 149-92-31D-30H, Heart Butte,
DateOil RunsMCF Sold
12-2022110426672
11-2022154217739
10-20223719531664
9-20221369014597
8-20221565922
  • 36048, conf, Oasis, Achilles 5301 12-13 3BX, Baker,
DateOil RunsMCF Sold
12-20222429722412
11-20221824916597
10-20222311320068
9-20222178817880
8-202242683935
  • 39017, conf, Lime Rock, Yellowstone 10H, North Fork, no production data, 
  • 38742, conf, Ovintiv, Sorenson Federal 153-96-9-4-10H, Sand Creek, no production data,
  • 38406, conf, Kraken, Sidney 32-29 4TFH, Burg, no production data, 
  • 8029 (no typo), conf, Empire North Dakota, Romsos 1-21, Starbuck,
DateOil RunsMCF Sold
9-20221360
8-20221300