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Sunday, August 20, 2023

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;
BAKKEN12-2019311986120322566426960026750
BAKKEN11-2019302165421299629729830029621
BAKKEN10-2019312365623673692225886199435776
BAKKEN9-2019232022819660602228038189659058
BAKKEN8-20193136475367396566253841320812176
BAKKEN7-2019745363961510747534131622
BAKKEN6-20193145464322652480
BAKKEN5-201931187920481632716248515
BAKKEN4-2019301652160022026002236155
BAKKEN3-20193121402447317334431280
BAKKEN2-201927230422414273693342976

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;
BAKKEN1-20223110449104244223364711829117964
BAKKEN12-2021311130311278427334348252068926
BAKKEN11-20213099059905391723857194774171
BAKKEN10-2021311074310709398022059770914134
BAKKEN9-2021301084010821428221053877512069
BAKKEN8-2021311129611382419520735190181501
BAKKEN7-202131122111212541352079419763815
BAKKEN6-2021301200412115486919295173721714
BAKKEN5-202131124381235556991885017829805
BAKKEN4-202130630662863848770864811018
BAKKEN3-202131576057464353677532083351
BAKKEN2-202128555456994057692167233
BAKKEN1-202131672466244708859883748
BAKKEN12-202031737773825565981896011
BAKKEN11-2020308015821061301060875752824

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."

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Batches And Loops


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Barron's
Current Issue

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


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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.

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,
DateOil RunsMCF Sold
6-20232148622782
5-20232346624042
4-20231548414769
3-2023169563278
  • 37613, conf, BR, Pullman 3A MBH-ULW, Bear Creek, no production data,
  • 35466, conf, Oasis, MHA 6-27-26H-150-92, Van Hook,
DateOil RunsMCF Sold
6-2023114531832
5-2023164436833
4-2023186657939
3-20232967110187
  • 38996, conf, Hess, TI-Stenbak-LN-158-95-2526H-1, Tioga,
DateOil RunsMCF Sold
6-202398319275
5-20231146611332
4-20231143411273
3-20231777718352
2-202310171332
  • 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,
DateOil RunsMCF Sold
6-20234627704
5-20232321713379
4-20233207918437
3-20233521818884
  • 39447, conf, CLR, Edward 7-23H, Little Knife, no production data,
  • 38993, conf, Hess, TI-Stenbak-158-95-2526H-8, Tioga,
DateOil RunsMCF Sold
6-20231307020460
5-20231578619616
4-20231512619171
3-20231212111435
2-202329152100
  • 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,
DateOil RunsMCF Sold
6-202384621208
5-202362532804
4-2023151936424
3-20232384011349
  • 39450, conf, CLR, Edward 10-23H, Little Knife, no production data,
  • 38995, conf, Hess, TI-Stenback-158-95-2526H-10, Tioga,
DateOil RunsMCF Sold
6-202320301737
5-2023780371
4-202317839
  • 38904, conf, Enerplus, MC-Kudrna 144-95-10-3-3H, Murphy Creek,
DateOil RunsMCF Sold
6-2023122277277
5-2023118557480
4-20231923610464
3-2023152836653
2-202394013282

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.