Petro-Hunt Wells -- 153-95- Section 3/8 -- August 20, 2023

Locator: 45434B. 

Tag: Petro-Hunt inventory.

The wells:

The wells:

To the west:

• 33141, 1,479, Petro-Hunt, Thompson 153-95-8C-6-4H, Charlson, t5/18; cum 643K 6/23; cum 667K 3/24;
  
• 33142, 1,051, Petro-Hunt, Thompson 153-95-8C-6-5H, Charlson, t5/18; cum 444K 6/23; cum 471K 3/24;
  
• 38489, conf, Petro-Hunt, State 153...3H
• 38490, conf, Petro-Hunt, State 153...2H
• 38491, conf, Petro-Hunt, State 153...1H

To the east: 

• 17668, 1,163, Petro-Hunt, USA 3D-4-4H, Charlson, t9/09; cum 826K 6/23; cum 848K 3/24;
  
• 38667, conf, Petro-Hunt, USA 153...5H
• 38668, conf, Petro-Hunt, USA 153...4H
• 38669, conf, Petro-Hunt, USA 153...3H
• 34653, 651, Petro-Hunt, USA 153-95-3D-10-5H, Charlson, t1/21; cum 435K 6/23; cum 474K 3/24;
  
• 34654, 903, Petro-Hunt, USA 153-95-3D-10-6H, Charlson, t1/21; cum 505K 6/23; cum 558K 3/24;
  
• 38670, conf, Petro-Hunt, USA 153...2H
• 38671, conf, Petro-Hunt, USA 153...1H
  

Huge halo effect:

• 17668, 1,163, Petro-Hunt, USA 3D-4-4H, Charlson, t9/09; cum 826K 6/23;

BAKKEN	12-2019	31	19861	20322	5664	26960	0	26750
BAKKEN	11-2019	30	21654	21299	6297	29830	0	29621
BAKKEN	10-2019	31	23656	23673	6922	25886	19943	5776
BAKKEN	9-2019	23	20228	19660	6022	28038	18965	9058
BAKKEN	8-2019	31	36475	36739	6566	25384	13208	12176
BAKKEN	7-2019	7	4536	3961	5107	4753	4131	622
BAKKEN	6-2019	3	145	464	32	265	248	0
BAKKEN	5-2019	31	1879	2048	163	2716	2485	15
BAKKEN	4-2019	30	1652	1600	220	2600	2236	155
BAKKEN	3-2019	31	2140	2447	317	3344	3128	0
BAKKEN	2-2019	27	2304	2241	427	3693	3429	76

Nice longevity after the jump in production:

• 33141, 1,479, Petro-Hunt, Thompson 153-95-8C-6-4H, Charlson, t5/18; cum 643K 6/23;

BAKKEN	1-2022	31	10449	10424	4223	36471	18291	17964
BAKKEN	12-2021	31	11303	11278	4273	34348	25206	8926
BAKKEN	11-2021	30	9905	9905	3917	23857	19477	4171
BAKKEN	10-2021	31	10743	10709	3980	22059	7709	14134
BAKKEN	9-2021	30	10840	10821	4282	21053	8775	12069
BAKKEN	8-2021	31	11296	11382	4195	20735	19018	1501
BAKKEN	7-2021	31	12211	12125	4135	20794	19763	815
BAKKEN	6-2021	30	12004	12115	4869	19295	17372	1714
BAKKEN	5-2021	31	12438	12355	5699	18850	17829	805
BAKKEN	4-2021	30	6306	6286	3848	7708	6481	1018
BAKKEN	3-2021	31	5760	5746	4353	6775	3208	3351
BAKKEN	2-2021	28	5554	5699	4057	6921	6723	3
BAKKEN	1-2021	31	6724	6624	4708	8598	8374	8
BAKKEN	12-2020	31	7377	7382	5565	9818	9601	1
BAKKEN	11-2020	30	8015	8210	6130	10608	7575	2824

Investing -- August 20, 2023

Locator: 45433INV. 

The Dow:

Stellantis: some say the manufacturer is looking at moving pickup manufacturing from the US to Mexico. We're in the negotiating season. 

***********************
Wired
In This Month's Issue

Apple: amazing --

• M2 Max processor
• a 12-core CPU
• a 30-core GPU
• 16 cores for machine intelligence tasks
• 32 GB memory
• multiple media-rendering engines
• starts at $2,000
• for a $1,400 upgrade --> M2 Ultra -- Apple's "best" chip
• but look at this: this "studio" will support more monitors at any one time than anyone will ever own at any one time -- I have not less than six Apple monitors in my apartment right now -- I don't need any more monitors, but CPUs? --> that's a different story.

Apple: spatial computing. We've discussed this before. Regular readers will know why I posted this. AS for me, I learned a few more "buzz words."

 *************************
Batches And Loops

 ************************
Barron's
Current Issue

Vanguard Global ESG Select, Barron's, August 21, 2023:

**************************
EVs
VFS
VinFast Auto

From Barron's, August 21, 2023:

Social security, Barron's, August 21, 2023 -- every time I see an article on social security, I know it's a slow news day.

For The Archives -- A Birthday Celebration -- August 20, 2023

Locator: 45432ARCHIVES. 

Birthday dinner, son-in-law and daughter (Sophia's parents):

The books I am currently reading: this is most of them. 

I'm still reading The Naked and the Dead, also. The Hitchens memoirs just arrived this morning (Sunday). I've been slogging through 1989 for several weeks now; it is one of the best books on the subject, period. dot. Lexington, the third book from the top was a gift from the middle granddaughter, Olivia -- a book on the great racehorse.

Years ago, I read a chapter a night from Black Beauty to our oldest granddaughter about age three to five or somewhere in there. I tried reading the book to our middle granddaughter a couple years later but she showed no interest, and since I had read it two or three times with the oldest, I had also lost interest. But then, with Sophia, we started again, and got about halfway through when she moved on to other books, including a graphic novel in Spanish. 

Anyway, I guess Olivia has heard that story too many times and to assuage her guilt, she got me the book on that racehorse. She says the cashier asked her if she (Olivia) was sure about getting this book (say what?). Apparently the cashier didn't think a junior in high school would be interested in a racehorse from the 19th century.

Irony -- August 20, 2023

Locator: 45431IRONY.  

Link here.

*************************
More Irony

Link here.

When I first heard this song .... same thoughts exactly.

This guy's singing a union activist's song and the MAGA folks are loving it.

US To Reach 0% Fossil Fuel Demand -- 244 Years From Now -- NYT -- August 20, 2023

Locator: 45430BJORN.

Link here.

China, Russia, And The US -- Peter Zeihan -- August 20, 2023

Locator: 45429ZEIHAN.

From twitter today, an incredibly insightful note on so many levels. From Peter Zeihan:

Multilateral Horizontals -- August 20, 2023

Locator: 45428B.

I'm not sure why, but all of a sudden, out of the blue, out of thin air, a Xweet on multilateral wells popped up on my Xweet account yesterday.

From Schlumberger, April 19, 2021: link here.

From Xweeter yesterday: link here.

For the record, in the Bakken:

• the "standard" well is a two-mile, two-section, single lateral well, spaced for 1280 acres
• there are exceptions
• there are a growing number of three-mile, three-section, single lateral wells, spaced at 1920 acres
• due to geography and administrative boundaries, one will also see 2.5 mile laterals, 2.5 sections, spaced at 1600 acres (2.5 * 640)
• section line wells are still generally "standard" Bakken wells but spaced for four sections, 2560 acres, to capture oil that would otherwise be "orphaned" due to setback rules along section lines.
  
• almost all "Bakken" wells target the middle Bakken and the first bench Three Forks
• some "Bakken" wells target the second bench Three Forks
• there may be some third bench Three Forks wells
• I'm not aware of any fourth bench Three Forks wells
• there are a very few multilateral wells in the Bakken, stacked vertically or same formation but multiple horizontally; rare
• if a well is anything other than the "standard" Bakken well, I tend to point it out, but not always 

Later: I accidentally deleted this comment from Borg, and once deleted, comments can't be re-posted, so here it is:

Way back when - before single or staged fracing, tri-laterals (crowsfeet) were the standard solution for harvesting. See the giant Elm Coullee field in MT. today given how inexpensive it is to drill, it might surprise some that doing parallel laterals in light oil formations might be interesting. need to run #'s and see examples. 

Murphy Oil -- Murphy USA -- Murphy Express -- And A Dividend Increase -- August 20, 2023

Locator: 45427CONFUSION.

Murphy USA -- the retail stores -- increases its quarterly dividend from 38 cents to 39 cents.

By the way, this is important when lost and using the google map app. LOL.

Initial Production Data For Wells Coming Off Confidential List This Next Week -- August 20, 2023

Locator: 45426B.

The wells:

• 38994, conf, Hess, TI-Stenbak-158-95-2526H-9, Tioga,

Date	Oil Runs	MCF Sold
6-2023	21486	22782
5-2023	23466	24042
4-2023	15484	14769
3-2023	16956	3278

• 37613, conf, BR, Pullman 3A MBH-ULW, Bear Creek, no production data,
• 35466, conf, Oasis, MHA 6-27-26H-150-92, Van Hook,

Date	Oil Runs	MCF Sold
6-2023	11453	1832
5-2023	16443	6833
4-2023	18665	7939
3-2023	29671	10187

• 38996, conf, Hess, TI-Stenbak-LN-158-95-2526H-1, Tioga,

Date	Oil Runs	MCF Sold
6-2023	9831	9275
5-2023	11466	11332
4-2023	11434	11273
3-2023	17777	18352
2-2023	1017	1332

• 37934, conf, BR, Boxer 3A TFH, Pershing, no production data,
• 37933, conf, BR, Parrish 4A MBH, Pershing, no production data,
• 35473, conf, Oasis, MHA 8-29-30H-150-92, Van Hook,

Date	Oil Runs	MCF Sold
6-2023	4627	704
5-2023	23217	13379
4-2023	32079	18437
3-2023	35218	18884

• 39447, conf, CLR, Edward 7-23H, Little Knife, no production data,
• 38993, conf, Hess, TI-Stenbak-158-95-2526H-8, Tioga,

Date	Oil Runs	MCF Sold
6-2023	13070	20460
5-2023	15786	19616
4-2023	15126	19171
3-2023	12121	11435
2-2023	2915	2100

• 37932, conf, BR, Parrish 3C TFH, Pershing, no production data,
• 39448, conf, CLR, Edward 8-23H1, Little Knife, no production data,
• 39449, conf, CLR, Edward 9-23H1, Little Knife, no production data,
• 37931, conf, BR, Parrish 3B MBH, Pershing, no production data,
• 35467, conf, Oasis, MHA 6-27-26H-150-92, Van Hook,

Date	Oil Runs	MCF Sold
6-2023	8462	1208
5-2023	6253	2804
4-2023	15193	6424
3-2023	23840	11349

• 39450, conf, CLR, Edward 10-23H, Little Knife, no production data,
• 38995, conf, Hess, TI-Stenback-158-95-2526H-10, Tioga,

Date	Oil Runs	MCF Sold
6-2023	2030	1737
5-2023	780	371
4-2023	178	39

• 38904, conf, Enerplus, MC-Kudrna 144-95-10-3-3H, Murphy Creek,

Date	Oil Runs	MCF Sold
6-2023	12227	7277
5-2023	11855	7480
4-2023	19236	10464
3-2023	15283	6653
2-2023	9401	3282

Wells Coming Off Confidential List This Next Week -- August 20, 2023

Locator: 45425B.

Wednesday, August 30, 2023: 52 for the month; 254 for the quarter, 499 for the year
None.

Tuesday, August 29, 2023: 52 for the month; 254 for the quarter, 499 for the year
None.

Monday, August 28, 2023: 52 for the month; 254 for the quarter, 499 for the year
38994, conf, Hess, TI-Stenbak-158-95-2526H-9,
37613, conf, BR, Pullman 3A MBH-ULW,
35466, conf, Oasis, MHA 6-27-26H-150-92,

Sunday, August 27, 2023: 49 for the month; 251 for the quarter, 496 for the year
38996, conf, Hess, TI-Stenbak-LN-158-95-2526H-1,
37934, conf, BR, Boxer 3A TFH,

Saturday, August 26, 2023: 47 for the month; 249 for the quarter, 494 for the year
37933, conf, BR, Parrish 4A MBH,
35473, conf, Oasis, MHA 8-29-30H-150-92,

Friday, August 25, 2023: 45 for the month; 247 for the quarter, 492 for the year
39447, conf, CLR, Edward 7-23H,

Thursday, August 24, 2023: 44 for the month; 246 for the quarter, 491 for the year
38993, conf, Hess, TI-Stenbak-158-95-2526H-8,
37932, conf, BR, Parrish 3C TFH,

Wednesday, August 23, 2023: 42 for the month; 244 for the quarter, 489 for the year
39448, conf, CLR, Edward 8-23H1, 

Tuesday, August 22, 2023: 41 for the month; 243 for the quarter, 488 for the year
None.

Monday, August 21, 2023: 41 for the month; 243 for the quarter, 488 for the year
39449, conf, CLR, Edward 9-23H1, 
37931, conf, BR, Parrish 3B MBH,
35467, conf, Oasis, MHA 6-27-26H-150-92,

Sunday, August 20, 2023: 38 for the month; 240 for the quarter, 485 for the year
39450, conf, CLR, Edward 10-23H,
38995, conf, Hess, TI-Stenback-158-95-2526H-10,
38904, conf, Enerplus, MC-Kudrna 144-95-10-3-3H,

Russia’s Lunar Lander Crashed — August 20, 2023

Locator: 45424RUSSIA.

1969: after many moon landings, first man on the moon — US

2023: first attempt to successfully land unmanned object on moon ends in failure — Russia

50+ years.