Sunday, March 5, 2023

An Ovintiv Lund Well In Siverston Oil Field Exhibiting Halo Effect -- March 5, 2023

The well:

  • 22390, 1,252, Ovintiv, Lund 26-18SH, Siverston, t7/12; cum 191K 1/23; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2023313054304496445194515242
BAKKEN12-202227312730779917401040100
BAKKEN11-202229290929081224247604599161
BAKKEN10-2022279018000
BAKKEN9-20222099893195001468139177
BAKKEN8-2022362011601501500
BAKKEN7-20220000000
BAKKEN6-20220000000
BAKKEN5-20220000000
BAKKEN4-20220000000
BAKKEN3-2022214640000
BAKKEN2-20222000000
BAKKEN1-202229203969690
BAKKEN12-202128359618129174417440
BAKKEN11-202130849857173200720070
BAKKEN10-20213116581710200218621860
BAKKEN9-20212271365525418941788106
BAKKEN8-202111470307185685680
BAKKEN7-20213187560531518491493356
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Initial Production Data For A CLR Cedar Coulee Dennis FIU Well -- March 5, 2023

The CLR Dennis FIU / Flint Chips Federal/ Flint Chips FIU wells are tracked here.

There are too many wells for me to post their initial production data tonight, but here's an example of one:

  • 38117, 1,210, CLR, Dennis FIU 13-8H1, Cedar Coulee, NWNE 8-147-96, 208 FNL 2054 FEL, t--; cum 97K 1/22;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20233143779437203337755729546841045
BAKKEN12-2022304551545421457433933138780551
BAKKEN11-2022669316822575768626622240
BAKKEN10-20220000000
BAKKEN9-2022528828823555130513
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The CLR Clear Creek Federal Wells Sited In Section 26-152-97

It seems like it's been forever but these wells are now finally reporting production:

From the north, drilling south:

  • 37980, loc/A, CLR, Clear Creek Federal 2-26HSL2, t--; cum 74K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-202331411644125037931812838119588
BAKKEN12-20223032595321183124963099583944705
BAKKEN11-20222535399131031
  • 37981, loc/A, CLR, Clear Creek Federal 3-26H, t--; cum 80K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20233143314434152611886733854341299
BAKKEN12-20223036325358062943771794636558139
BAKKEN11-20222939310191230123
  • 37982, loc/A, CLR, Clear Creek Federal 4-26H1, t--; cum 32K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-202331203292011151302410794106712
BAKKEN12-20222811332110523183622644197442900
BAKKEN11-20222001287000
  • 37983, 1,321, CLR, Clear Creek Federal 9-26H, t--; cum 60K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2023313454034730376087233172148183
BAKKEN12-20222825064244862761348077445763501
BAKKEN11-2022418918918085170517
  • 37984, loc/A, CLR, Clear Creek Federal 7-26H, t-- cum 84K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2023314430544232258768834587614731
BAKKEN12-20223138950386152664976606739142692
BAKKEN11-2022236436415727550755
  • 37985, 955, CLR, Clear Creek Federal 6-26H2, t--; cum 41K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-202331273662722950130560675601849
BAKKEN12-20222813942136953169427817257822035
BAKKEN11-20221001929000
  • 37986, loc/A, CLR, Clear Creek Federal 8-26H1, Westberg, t--; cum 56K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-202331317163172248476638806382258
BAKKEN12-20223124255238883919047642460161626
BAKKEN11-20222868611751840184

 

From the south, drilling north:

  • 37859, loc/A, CLR, Clear Creek Federal 5-35H, Westberg, t--; cum 53K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20232743480434292494490565888481717
BAKKEN12-20223443484984918299619
BAKKEN11-202211907888021271818878168432035
  • 37860, loc/A, CLR, Clear Creek Federal 10-35H2, Westberg, t--; cum 40K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2023273318932798456846602065836184
BAKKEN12-2022420624384970064636
BAKKEN11-20221060925935131941229411933361
BAKKEN10-20224868610443580358
  • 37861, loc/A, CLR, Clear Creek Federal 11-35H, Westberg, t--; cum 59K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20232748786488062964593369921361233
BAKKEN12-20222105212115591798826972
BAKKEN11-2022989088371743117267151452122
BAKKEN10-2022318718714135880588
  • 37862, loc/A, CLR, Clear Creek Federal 12-35H1, Westberg, t--; cum 34K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2023282806628069512615695956819140
BAKKEN12-202224664841309928480448
BAKKEN11-2022957215442136751205411300754
BAKKEN10-2022396967532000200
  • 37863, loc/A, CLR, Clear Creek Federal 13-35H, Westberg, t--; cum 61K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20232851136509012701899857974932364
BAKKEN12-202225424834261486968518
BAKKEN11-2022990818787715517900168401060
BAKKEN10-202211791790000
  • 37864, loc/A, CLR, Clear Creek Federal 14-35HSL2, Westberg, t--; cum 45K 1/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2023283780837719411417476974523246
BAKKEN12-20222958966113323651412953
BAKKEN11-2022966966419102011358412632952
  • 37865, PNC, CLR, Clear Creek Federal 15-35HSL, Westberg, 
  • 37866, PNC, CLR, Clear Creek Federal 16-35HSL2, Westberg,

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An Old MRO Bill Connolly Well Goes Over 500K Bbls Crude Oil Cumulative -- Bailey Oil Field -- March 5, 2023

See this note. This well has just gone over 500K bbls crude oil cumulative:

  • 16736, 377, MRO, Bill Connolly 21-25H, Bailey, t1/08; cum 416K 4/20; jumps from less than 1,000 bbls/month to more than 30,000 bbls/month; cum 504K 1/23; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2023311923196222262151155611
BAKKEN12-2022159921145967108765637
BAKKEN11-20223025522406228325391732173
BAKKEN10-20223125332568310426461841165
BAKKEN9-202230243323824647244118180
BAKKEN8-2022312189224736202311170517
BAKKEN7-202231249626283354229216040
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Warren Buffett, CVX -- March 5, 2023

From February 17, 2021:

Today, over at CNN Business: what does Warren Buffett see in Chevron? The lede:

Many investors are increasingly hesitant to hold shares of oil and gas companies as a global energy transition gathers steam. [In 2022, with the war in Ukraine, Peter Zeihan said energy transition was dead.]
Not Warren Buffett. What's happening: Buffett's Berkshire Hathaway just disclosed a new stake in Chevron (CVX), the second largest oil firm in the United States. 
The $4.1 billion investment could have been spearheaded by Berkshire investment managers Ted Weschler and Todd Combs. But Buffett still runs the show, and it's a sign that the world's most famous investor sees long-term value in a sector that's taking plenty of heat. 
Chevron shares plunged to their lowest level since 2006 when the pandemic destroyed oil prices last March, and they've failed to fully recover. The company posted a net loss of $5.5 billion for 2020, and its stock is now trading at $93.13, 15% lower than one year ago.

So, two years ago, CVX trading for $93 when Warren Buffett initiated a position.

How's CVX doing now?


Paying 3.7%.

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Price Electricity By State -- March 5, 2023

EIA, link here.

Residential:

  • Hawaii: 45 cents
  • New England: 27 cents
  • Alaska: 22 cents;
  • Middle Atlantic: 19 cents
  • Pacific: 18 cents
  • East North Central: 16 cents
  • South Atlantic: 14 cents
  • East South Central: 13 cents
  • West South Central: 13 cents
  • Mountain: 13 cents:
  • West North Central: 12 cents
  • North Dakota: 9.6 cents

Commercial:

  • Hawaii: 43 cents
  • New England: 19 cents
  • Alaska: 19 cents;
  • Pacific: 17 cents
  • Middle Atlantic: 15 cents
  • East South Central: 12 cents
  • East North Central: 12 cents
  • South Atlantic: 11 cents
  • West South Central: 10 cents
  • Mountain: 10 cents:
  • West North Central: 10 cents
  • North Dakota: 8 cents

Industrial:

  • Hawaii: 40 cents
  • Alaska: 18 cents;
  • New England: 16 cents
  • Pacific: 12 cents
  • Middle Atlantic: 9 cents
  • Mountain: 9 cents:
  • East South Central: 8 cents
  • East North Central: 8 cents
  • South Atlantic: 8 cents
  • West South Central: 7 cents
  • West North Central: 7 cents
  • North Dakota: 7 cents
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Beef Prices -- March 5, 2023

What the hell? Link here.

Price of beef, FRED: link here.

  • June, 2020: $4.737
  • August, 2022: $4.937
  • Latest, December, 2022: $4.80

Quarter-pounder:

  • (4.80 / 4) - ($4.737 / 4) = $1.20 - $1.184 = 1.6 cents per quarter pound
  • so I assume the price of a McDonald's quarter-pounder only increased by two cents since 2020. LOL.

China and US exports:

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Inflation -- It Gets Tedious -- March 5, 2023

Three links:

  • this is the buzz: link here; this was the impression I had watching CNBC last week;
  • agree, it's political; not following the data: link here;
  • "truflation": link here;



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A Record -- And Not Mentioned By Mainstream Media? America’s Century — March 5, 2023

Link here.


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A Delightful Article -- Explains A Lot -- March 5, 2023

Link here.





Link here.

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EU - Fossil Fuel Imports -- March 5, 2023

Link here.

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Russia -- Self-Sufficient -- March 5, 2023

S&P Global: link here.

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China -- Energy Appetite -- March 5, 2023

S&P Global: link here.

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Super Bowl Tight End -- Straight Male Friend -- March 5, 2023

Link here.

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Cost Of Driving By State -- March 5, 2023

ChooseEnergy: link here.

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Initial Production Data For Wells Coming Off Confidential List This Next Week -- March 5, 2023

The wells:

  • 39150, conf, Petro-Hunt, USA 146-97-29A-32-2H, Little Knife, no production data, 
  • 39140, conf, CLR, Micahlucas 9-5H, Jim Creek, no production data,
  • 39128, conf, Crescent Point Energy, CPEUSC Claire Rose 6-31-30-159N-99W-MBH, Burg, no production data, 
  • 39129, conf, Crescent Point Energy, CPEUSC Claire Rose 5-31-30-159N-99W-MBH, Burg, no production data, 
  • 39149, conf, Petro-Hunt, USA 146-97-29B-32-1H, Little Knife, no production data, 
  • 39139, conf, CLR, Micahlucas 8-5H1, Jim Creek, no production data,
  • 38653, conf, Oasis, Ramirez 5196 42-32 5B, Dimmick Lake, no production data, 
  • 35589, conf, Neptune Operating, Heen 153-104-35-26-4H, Ft. Buford,
DateOil RunsMCF Sold
1-2023237490
12-202285255433
11-20221987210021
10-2022209920
9-2022137940
  • 35588, conf, Neptune Operating, Heen 153-104-35-26-3H, Ft. Buford,
DateOil RunsMCF Sold
1-2023268670
12-20222003112377
11-2022170286352
10-2022211600
9-2022126430
  • 39138, conf, CLR, Micahlucas 7-5H, Jim Creek, no production data, 
  • 39130, conf, Crescent Point Energy, CPEUSC Claire Rose 4-31-30-159N-99W-MBH, Burg, no production data, 
  • 39131, conf, Crescent Point Energy, CPEUSC Amelia Grace 4-6-7-158N-99W-MBH, Ellisville, no production data, 
  • 39137, conf, CLR, Micahlucas 6-5H1, Jim Creek, no production data, 
  • 39132, conf, Crescent Point Energy, CPEUSC Claire Rose 3-31-30-159N-99W-MBH, Burg, no production data, 
  • 39142, conf, SOGC (Sinclair), Hovden Federal 4-20H, Little Knife,
DateOil RunsMCF Sold
1-2023180210
12-2022105100
  • 39136, conf, CLR, Micahlucas 5-5H, Jim Creek, no production data, 
  • 38750, conf, Ovintiv, Sorenson Federal 153-96-9-4-6HLW, Sand Creek, no production data, 
  • 36480, conf, WPX, Skunk Creek 12-7-8-8H3A, 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, Ellidah, 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
1-20232287715114
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
1-20234580
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
1-20231762312725
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,

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