Sunday, November 19, 2023

XTO Bear Den Well Drilled In 2008 Shows Big Jump -- 52x -- In Production -- November 19, 2023

Locator: 46112B.

When I see a jump in production to this degree, I assume the well was fracked or re-fracked, but according to a sundry form dated 4/24/23, this well was shut in for an offset well frack. Wow. So, according to the sundry form, this well was not re-fracked.

The well:

  • 16319, 410, XTO, Bear Den State 2-36H, Bear Den, t4/08; cum 198K 9/23; 

Recent production: 20,829 bbls over 24 days extrapolates to 26,036 bbls over 30 days. So, 26K / 0.5K = 52x jump in production.

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-2023242082920497139081361984055082
BAKKEN8-2023427236674405030488
BAKKEN7-20230000000
BAKKEN6-20230000000
BAKKEN5-20230000000
BAKKEN4-2023244085001078240676
BAKKEN3-20233151453213510370748
BAKKEN2-2023284734632699550694
BAKKEN1-20233167270777135901070
BAKKEN12-202231628611601268290693
BAKKEN11-2022304933806899763186
BAKKEN10-20223178379271158165

 The maps:




 

Busy, Busy, Busy In The Bakken -- November 19, 2023

Locator: 46111B.

Busy, busy, busy in the Bakken

Start with (note: this permit was canceled at one time):

  • 34633, PNC -->conf, MRO, Satrum 11-17TFH, Killdeer,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-2023292716027382505651867418451102
BAKKEN8-2023121963219335521071448314163107

 ****************************
Busy, Busy, Busy In Portland

OPEC Apparently Talking About Another Cut -- Spoiler Alert: Won't Make Any Difference -- November 19, 2022

Locator: 46110OPEC.

If you know, you know.

Laser-Focused On Dividends -- November 19, 2023

Locator: 46109DIV.

Top Wall Street analysts upbeat about these five dividend stocks (spoiler alert: four are energy; one is caffeine) -- link here

  • first mentioned, EOG:
Siebert Williams Shank analyst Gabriele Sorbara reiterated a buy rating on EOG with a price target of $172, citing the company’s “blowout quarter” that exceeded expectations across all metrics. Commenting on the subdued Q4 2023 guidance, the analyst reminded investors that EOG has a long track record of beating its guidance on production, capital expenditure and costs.
The analyst noted the hike in EOG’s cash returns commitment and also pointed out that this year’s total cash returns (dividends plus share buybacks) are tracking at $4.1 billion, representing about 75% of its estimated FCF of $5.5 billion.
The rest: second mentioned was Coterra Energy. Third up: Crescent Energy. Fourth, FANG. And, finally, fifth, Starbucks.

MRO Wells Starting To Report -- Patterson, Mueller, Cooley, Sorenson, Penticoff, Jendrick --- November 19, 2023

Locator: 46107B.

These wells are starting to report. I'll post the first month's results later.

From daily activity report, February 2, 2023.

Eight new permits, #39627 - #39634, inclusive:

  • Operator: MRO
  • Field: Killdeer (Dunn County)
  • Comments:
    • MRO has permits for the following wells in NENE 17-145-94: Gilbertson, Amandus, Patterson, Mueller, Cooley, Sorenson, Penticoff, and Jendrick; 
        • to be sited 352 FNL and betwween 759 FEL and 1039 FEL;

Wells of interest:

  • 17350: off line; trending toward 500K bbls crude oil cumulative;
  • 17753: off line; 550K bbls crude oil, cumulative;
  • 17314: just went "PA" -- 500K bbls crude oil cumulative;
  • 17256, remains on line; 560K bbls crude oil cumulative;
  • 17316, off line; 546K bbls crude oil cumulative;
  • 16754, off line, 481K bbls crude oil cumulative;

New wells: (in progress)

  • 39627, drl/drl, MRO, Gilbertson 31-17TFH, t9/23; cum --;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-2023885938030339895479530899

Tell Me Again About The Dreaded Decline Rate In The Bakken -- November 19, 2023

Locator: 46106B.

The well:

  • 18384, 394, MRO, Glenn Eckelberg 24-8H, Bailey, t5/10; cum 575K 12/22; cum 637K 9/23;

This well is tracked elsewhere. Whatever. But notice, the well drilled back during the boom, in 2010. Now, some thirteen years later, it went from 575,000 bbls at the end of December, 2022, to 637,000 bbls at the end of September, 2023, just nine months later:

  • 62,000 bbls in nine months
  • almost 11% of this well's entire production to date was produced in just nine months, more than a decade after it was first drilled
  • 62,000 bbls over nine months extrapolates to 83,000 bbls over 12 months.

CLR's Rhonda Wells -- November 19, 2023

Locator: 46105RHONDA.

The Beach Boys first, then the Bakken.


Now the Bakken CLR Rhonda wells
.

The wells:

  • 19168, 313, CLR, Rhonda 2-28H, Jim Creek, t2/11; cum 343K 9/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202330992990806810737350
BAKKEN8-20232281981565509116280
BAKKEN7-20230070000
BAKKEN6-20237888881597094881839
BAKKEN5-20230000000
BAKKEN4-20230000000
BAKKEN3-20230000000
BAKKEN2-20230000000
BAKKEN1-20230000000
BAKKEN12-20222161390100
BAKKEN11-2022142490000
BAKKEN10-2022196064881937795390
  • 17574, 273, CLR, Rhonda 1-28H, Jim Creek, t3/09; cum 156K 9/23;
oolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-2023305456546714393515447770
BAKKEN8-2023319568954925601934389500
BAKKEN7-20232462366281202835715536253
BAKKEN6-202316853584682399380477481358
BAKKEN5-20230000000
BAKKEN4-20230000000
BAKKEN3-202379610226337800
BAKKEN2-20230000000
BAKKEN1-20230000000
BAKKEN12-202200410000
BAKKEN11-20220000000
BAKKEN10-20220000000
BAKKEN9-20220000000
BAKKEN8-2022282562392384781180
BAKKEN7-2022312874832805781750
BAKKEN6-2022302962432905982080
  • 39033, drl/A, CLR, Rhondda 12-28HSL1, Jim Creek, t6/23; cum 53K 9/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20233013787137833302414257142561
BAKKEN8-20233116804167785019716771167710
BAKKEN7-2023241321013234446601238512263122
BAKKEN6-202316916090893481875047161343
  •  39034, drl/A, CLR, Rhonda 11-28H, Jim Creek, t6/23; cum 15K 9/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20232222931229142117924493244912
BAKKEN8-20233125389254023470624405244050
BAKKEN7-2023313446434513439563606935714355
BAKKEN6-2023162198421812240271922218344878
  • 39011, drl/A, CLR, Rhonda, 7-28H, Jim Creek, t6/23; cum 98K 9/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20233022360223553033924017240152
BAKKEN8-20232727578275804115229760297600
BAKKEN7-2023313402434011485443405733722335
BAKKEN6-2023111385813750166231252411952572
  • 39020, drl/A, CLR, Rhonda, 6-28H1, Jim Creek, t6/23; cum 54K 9/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20233016009159574371917994179931
BAKKEN8-2023278562859831394869786970
BAKKEN7-2023312042120418523241801017834176
BAKKEN6-202311895688862188778177460357
  • 39010, drl/A, CLR, Rhonda, 7-28H, Jim Creek, t6/23;cum 92K 9/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20232616136161571968617181171801
BAKKEN8-20233125697257143782327379273790
BAKKEN7-2023313584535825488803637136013358
BAKKEN6-2023121388013772184181238211817565
  • 39009, drl/A, CLR, Rhonda, 8-28H1, Jim Creek, t6/23; cum 52K 9/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20233016322162623931618245182441
BAKKEN8-2023267173720721130712871280
BAKKEN7-2023311834318358492251783817663175
BAKKEN6-2023121025810178237719215879442
  • 39008, drl/A, CLR, Rhonda, 9-28H, Jim Creek, t6/23; cum 104K 9/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20232519416194211961919885198832
BAKKEN8-20233126136261553469526720267200
BAKKEN7-2023313712137151428943654036181359
BAKKEN6-2023152075020588250771879517937858
  • 39007, drl/A, CLR, Rhonda, 10-28H1, Jim Creek, t6/23; cum50K  9/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20233015706156784206117674176731
BAKKEN8-20232413744137263338113792137920
BAKKEN7-2023281140811433390441055610452104
BAKKEN6-202315843983732574675497204345
  • 39006, drl/A, CLR, Rhonda, 4-28H1, Jim Creek, t6/23; cum 65K  9/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20233015150151244097216813168121
BAKKEN8-20232713341133713682913619136190
BAKKEN7-2023312455824561569572457624334242
BAKKEN6-2023101168211591144921261412038576
  •  39005, drl/A, CLR, Rhonda, 3-28H, Jim Creek, t6/23; cum 98K  9/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20232316329163742216017923179221
BAKKEN8-20233131563315603940532778327780
BAKKEN7-2023313725137220549353679736435362
BAKKEN6-2023101303112929163311129810782516
BAKKEN5-20231001146000
BAKKEN4-20230000000

Playing The Worst Team In The NFL, The Cowboys Were Struggling, Until …. — November 19, 2023

Locator: 46104Rosalyn.

Cowboys lead 17 - 10 early in fourth quarter. Dallas will win but they don’t look like a championship team. [Three minutes later: color me "wrong"! Dallas just scored a touchdown (Pollard run) and then a "pick-six" and now lead 30 - 10.

Rosalyn Carter has died.
 
**************************
The Book Page

The book:

  • Silent Spring Revolution: John F. Kennedy, Rachel Carson, Lyndon Johnson, Richard Nixon, and the Great Environmental Awakening, Douglas Brinkley, 2022.

I picked up this book earlier this year when I was out in Portland, Oregon. I had read the first 110 pages before I moved on to something else. Now that I am back in Sophia's Bat Cave where I can more easily find my books and read them at my leisure.

The sub-title (John F. Kennedy, Rachel Carson, Lyndon Johnson, Richard Nixon, and the Great Environmental Awakening) highlights the big personalities covered by the author. I was too young to really follow JFK's early political history and so all of this -- Cape Cod -- is particularly interesting. 

Rachel Carson: a chance to get to know her better. She's the "Rosa Parks" of environmental reawakening and I know not much about either except for the headlines and the memes.

I would assume, but do not know, Stewart Udall and Lyndon Johnson should get a lot more credit. That's where I will start -- with Stewart Udall. 

Stewart Udall: Secretary of the Interior -- 1961 - 1969.

Wow, overlaps with my entire public school education -- graduating from high school in 1969 I must have been in 5th grade in the spring of 1961. Of course, I was oblivious to all that. As an aside, John Kerry was a lieutenant in the US Navy, from 1966 to 1970. During this period, he served in Vietnam for only four months but earned one Silver Star, one Bronze Star, and three Purple Hearts. 

I have an "innate" / "natural" dislike of John Kerry, but his biography is fascinating. 

A bit of trivia:

His father was raised Catholic (John's paternal grandparents were Austro-Hungarian Jewish immigrants who converted to Catholicism) and his mother was Episcopalian. He was raised with an elder sister Margaret, a younger sister Diana, and a younger brother Cameron. The children were raised in their father's Catholic faith, and John served as an altar boy.

I would have passed over (pun intended) that bit about his Jewish grandparents had I not read The History of Jews In America. This was a very, very familiar story. This might be a good time to review the meanings of converso and marrano.

Wow, what a digression. All I can say is what I've said many, many times: never stop reading. 

Back to Stewart Udall. We begin with JFK and his first presidential campaign.

The Bakken Never Sleeps -- November 19, 2023

Locator: 46103B.

Something To Watch

November 19, 2023: two wells just went off line, and there are a lot of area wells on confidential. Some of these wells are tracked here.


**********************
The Book Page
from the Bat Cave

Re-reading Brenda James' The Truth Will Out: Unmasking the Real Shakespeare.

The words "invented" by Sir Henry Neville, and the phrases he coined, it is truly amazing:

Flashback: Nice Jump In Production In An Old MRO Well -- November 19, 2023

Locator: 46102MROWARDNER.

The well:

  • 17413, 406, MRO, Wardner 14-35H, Killdeer, t9/08; cum 395K 9/12;

Jump in production back in May, 2014:

BAKKEN3-201531473047443369348517001094
BAKKEN2-20152843574360268133462235478
BAKKEN1-20153148335068310635942724167
BAKKEN12-20143150494776316838553010122
BAKKEN11-201430544157593517371317221232
BAKKEN10-20143161235875425442702884552
BAKKEN9-20143062626548434146633335482
BAKKEN8-201430762376505625526525391740
BAKKEN7-20142374267195684655674326311
BAKKEN6-20143086638830765869215629185
BAKKEN5-201421103359959901876556162261
BAKKEN4-20140000000
BAKKEN3-2014100110000
BAKKEN2-20140000000
BAKKEN1-2014135086862384633268
BAKKEN12-201322959948473718398190
BAKKEN11-20133011791142564745367198
BAKKEN10-20133112131143599990691113
BAKKEN9-20133011881353581104884325
BAKKEN8-20133112481122617117996330
BAKKEN7-20133112691362600118794160
BAKKEN6-20133012401152585113991049
BAKKEN5-20133113191309606119193274
BAKKEN4-20133012751362607113788577