The "Magic" Of The Bakken -- Updating A Re-Fracked MRO Well In Bailey -- December 28, 2023

Locator: 46414B.

Years ago, I could do this all night long; now, not so much. I could still do it all night long, but I've got other things to do. LOL. 

A long time ago I wrote this about this well:

• 16853, MRO, a nice well; a nice bump 5/15; a candidate for re-frack;

So, let's see whatever happened to this well:

• 16853, 147, MRO, Hansen Ranch 14-10H, Bailey, t9/08; cum 518K 10/23; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2023	31	4797	4804	12069	4763	4610	100
BAKKEN	9-2023	30	6453	6477	12120	5778	5687	35
BAKKEN	8-2023	31	9356	9347	14879	6338	6272	0
BAKKEN	7-2023	31	10440	10395	16654	6855	6797	0
BAKKEN	6-2023	18	3938	4001	6692	2629	2601	4
BAKKEN	5-2023	31	8942	8946	17101	6700	6649	6
BAKKEN	4-2023	30	11396	11395	25693	9798	9679	68
BAKKEN	3-2023	31	13616	13599	37770	9177	9103	30
BAKKEN	2-2023	24	10210	10166	34176	6731	6668	30
BAKKEN	1-2023	17	7513	7678	29972	4990	4903	64
BAKKEN	12-2022	27	31698	31498	74138	21543	19258	2016
BAKKEN	11-2022	0	0	0	0	0	0	0
BAKKEN	10-2022	5	257	308	92	185	0	137
BAKKEN	9-2022	30	1793	1789	871	1284	0	959
BAKKEN	8-2022	27	1043	983	677	801	0	557
BAKKEN	7-2022	0	0	161	0	0	0	0
BAKKEN	6-2022	12	334	387	155	322	0	223
BAKKEN	5-2022	31	1601	1536	550	1118	0	807
BAKKEN	4-2022	15	553	549	253	420	0	294
BAKKEN	3-2022	31	1149	1196	421	890	0	609
BAKKEN	2-2022	28	1106	1085	452	845	0	585
BAKKEN	1-2022	31	1249	1174	488	952	0	662
BAKKEN	12-2021	31	1242	1331	480	947	0	65

Random Update: The Enerplus Devils Canyon Wells, Lone Butte -- December 28, 2023

Locator: 46413B.

The wells:

• 40102, drl, Enerplus, Devils Canyon 147-97-17-20-3H, Lone Butte,
• 40103, drl, Enerplus, Devils Canyon 147-97-17-20-4H, Lone Butte,
• 40104, drl, Enerplus, Devils Canyon 147-97-17-20-5H, Lone Butte,
• 40105, drl, Enerplus, Devils Canyon 147-97-17-20-6H, Lone Butte,
• 40106, drl, Enerplus, Devils Canyon 147-97-17-20-7H, Lone Butte,
• 40107, drl, Enerplus, Devils Canyon 147-97-17-20-8H, Lone Butte,
• 40108, drl, Enerplus, Devils Canyon 147-97-17-20-9H-ELL, Little Knife, 

Parent well:

• 19056, 825, Enerplus, Devils Canyon 17-1H, t8/11; cum 347K 11/23; no halo effect noted;

Maps:

 

Southern Surge -- December 28, 2023

Locator: 46412SOUTHERNSURGE.

 After three years of ignoring the southern border, all of a sudden, a few days before 2024, a presidential election year when the incumbent's approval rating is cratering, all of a sudden, ABC nightly news is covering, in depth, the "Southern Surge" -- in the northeast.

A lot of undocumented tourists are asking to be taken to "sanctuary cities" such as NYC and Denver, CO.

From my perspective: if I were an undocumented visitor arriving in Texas, I would want to get out of Texas as quickly as possible (the only state with a law on the books allowing undocumented visitors to be arrested if they entered the US illegally) and flee to a sanctuary city as quickly as possible to make it even more difficult to send me back to my home country. This is not rocket science.

It's interesting: the mayors of NYC and Denver, CO, did not mention suing to stop tourists from arriving in their sanctuary cities. What do they want? Federal and state money. Lots of it. 

US government now seriously (?) working to restore order and control at the southern border. 

From earlier today, on the blog:

Southern Surge: the surge is tracked here.

• all of a sudden: going into a presidential election year, Biden, Blinken, and Nod getting religion? 
• pet peeve 
• 10,000 new undocumented visitors entered Texas yesterday (and every day for years now)
  
• NYC unable to handle 180 new undocumented visitors (granted, that number is now increasing significantly)

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The Literature Page

Wow. If you enjoy Shakespeare, a must-have in your Shakespeare library:

The Shakespeare Guide to Italy: Retracing the Bard's Unknown Travels, Richard Paul Roe, c. 2011.

See notes here and perhaps elsewhere also.

CLR With Six New Permits -- December 28, 2023

Locator: 46411B.  

Market watch:

• the S&P 500, today, closed at 4,783.35. 
• the S&P 500 all-time high: 4,796. 56, January 3, 2022.
• tonight, a couple of hours after the close, the S&P 500 is at 4,835.00.

****************************
Back to the Bakken

WTI: $72.11.

Active rigs: 35.

Six new permits, #40410 - #40415, inclusive:

• Operator: CLR
• Field: St Demetrius (Billings); Jim Creek (Dunn)
• Comments:
• CLR has five permits for wells to be sited in SWSW 25-142-99, 
• to be sited 425 FSL and between 452 FWL and 580 FWL; 
• the wells: Dahle, Anheluk (2), Hellickson, Urban;
• CLR has a single permit for a Chase well in NENE 19-145-96, Dunn County; Jim Creek, 
• to be sited 337 FNL and 460 FEL;

Two permits renewed:

• Hunt Oil: two Scorio permits, Zahl oil field, Williams County;

Random Update Of Three MRO Pads In Lost Bridge -- December 28, 2023

Locator: 46410LOSTBRIDGE.

A reader updated me regarding a couple of MRO wells in this area. I've updated the wells on three pads in this area.

The wells:

Two pads:

• 39671, conf, MRO, Strobeck USA 34-12TFH, Lost Bridge, no data;
• 39670, conf, MRO, Restad USA 24-12H, Lost Bridge, no data;
• 39669, conf, MRO, Oukrup USA 21-13TFH, Lost Bridge, no data;
• 39668, conf, MRO, Banta USA 21-13H, Lost Bridge, no data;
• 39667, conf, MRO, Rothgarn USA 21-13TFH, Lost Bridge, no data;
• 39666, conf, MRO, Ratcliffe USA 11-13H , Lost Bridge, no data;
• 38025, no IP, MRO, Osking USA 14-12H, Lost Bridge, t12/21; cum 521K 10/23;  early production data:

BAKKEN	10-2022	31	35158	34942	25358	54327	48502	1244
BAKKEN	9-2022	30	33475	33473	27552	44970	42446	0
BAKKEN	8-2022	31	34087	34362	31398	45152	42025	619
BAKKEN	7-2022	2	278	0	0	638	0	620
BAKKEN	6-2022	24	15417	15421	7822	38437	37146	0
BAKKEN	5-2022	31	25017	25262	12074	56848	51667	3155
BAKKEN	4-2022	23	21445	21298	10272	41192	39288	302
BAKKEN	3-2022	31	36137	36127	16146	80094	76417	944
BAKKEN	2-2022	28	51170	51183	21839	97398	90412	3374
BAKKEN	1-2022	29	52059	52096	26999	80540	75977	877
BAKKEN	12-2021	22	55207	54707	30348	74726	56866	14086

• 21839, conf, MRO, Kottke USA 11-13H , Lost Bridge, no data;
• 21837, 1,398, MRO, Deep Creek USA 14-12TFH, Lost Bridge, t3/13; cum 422K 10/23;
• 21838, conf, MRO, Levi USA 11-13TFH, Lost Bridge, no data;
• 32434, 4,679, MRO, Stillwell 21-13H, Lost Bridge, t9/20; cum 587K 10/23; early production:

BAKKEN	5-2021	21	9819	9727	4875	21726	19380	1253
BAKKEN	4-2021	30	19290	19343	7743	47816	46019	0
BAKKEN	3-2021	31	24604	25028	9906	54302	50833	1313
BAKKEN	2-2021	28	26131	25827	10503	49147	46781	223
BAKKEN	1-2021	20	21429	21791	8933	37709	30865	4989
BAKKEN	12-2020	31	38346	38395	14484	63828	51798	9538
BAKKEN	11-2020	30	53105	52983	16649	86043	81734	1019
BAKKEN	10-2020	30	64940	65021	20539	85430	78456	3024
BAKKEN	9-2020	30	90389	89900	50636	119994	113142	1506
BAKKEN	8-2020	4	6355	5856	4005	8100	6358	1121

• 21840, 1,380, MRO, Deep Creek 21-13TH, Lost Bridge, t2/13; cum 449K 10/23; 

Third pad:

• 29004, 2,197, MRO, Gulbrand USA 44-12TFH, Lost Bridge, t5/15; cum 346K 10/23;
• 29003, 2,544, MRO, Victor USA 34-12TFH, Lost Bridge, t5/15; cum 250K 10/23;
• 28263, 3,031, MRO, Morean USA 34-12H, Lost Bridge, t5/15; cum 528K 10/23;
• 19667, 902, MRO, Buffalo 34-12H, Lost Bridge, t9/11; cum 287K 10/23; sporadic production in 2023;
• 19666, 1,028, MRO, Elk Creek USA 33-12H, Lost Bridge, t8/11; cum 295K 10/23; no halo effect;
• 28262, 2,622, MRO, Piper 34-12H, Lost Bridge, t5/15; cum 461K 10/23;
  

Maps:

EIA Weekly Petroleum Report -- December 28, 2023

Locator: 46409WTI.

Link here.

• whopping increase in crude oil inventories: 6.9 million bbls
• inventory: 436.6; change: 1% below five-year average;
• WTI: down 3%; down $2.19; trading at $71.92.
• oil tickers: down significantly.
  
• refiners: 93.3%
• imports: 8.2% increase
• distillate fuel inventories: 9% below five-year average; trending down; a surprise
• jet fuel supplied: up 2.7% from same period last year
  

Gasoline demand, link here: certainly corroborates "peak oil" stories today.

Hydrogen: A Flurry Of Year-End Articles -- December 28, 2023

Locator: 46408HYDROGEN.

A flurry of year-end articles after Biden hits the brakes on hydrogen.

• hydrogen
• green hydrogen fans see red over Biden's tax-credit proposal; 
• hydrogen op-ed, The WSJ;

Hydrogen has a page of its own. 

Truly A No-Brainer For WOOPs -- December 28, 2023

Locator: 46407529.

Comments, re-posting:

• 529
• back in the news today; CNBC; effective January 1, 2024. 
• the blog. 

From the blog link in mid-December:
 

Investment deep-dive today: the “529” plan. 

Easily one of the best-kept investment secrets. Particularly for retirees. Yesterday I spent an uninterrupted three hours studying the “529” and how the new SECURE Act affects it — if you are a retiree this needs to be discussed with your financial advisor. I have two financial advisors: my wife and Sophia. My mentor was my father and the elder Forbes. But that was years ago.

 From CNBC today:

Thursday -- December 28, 2023

Locator: 46406B. 

Dow closes at record high.

Personal investing: as a rule, I no longer put new money into energy, but today CVX was just too good to pass up, paying over 4%.

Tag: Cramer Santa Claus rally Fed JPow exuberance inappropriate. Or: “I was right.”

Today, December 28, 2023, close: 

 Busy, busy day:

• FOMO on CNBC.
  
• interesting to listen to talking heads who have been bearish all year, now bullish
  
•   southern surge: the surge is tracked here.
  
• all of a sudden: going into a presidential election year, Biden, Blinken, and Nod getting religion?
  
• pet peeve 
• 10,000 new undocumented visitors entered Texas yesterday (and every day)
• NYC unable to handle 180 new undocumented visitors
• oh, give me a break
  
• S&P 500
• looking for a record; probably won't set it today
  
• 529
• back in the news today; CNBC; effective January 1, 2024. 
• the blog.
  
• contango: back in contango
• tracked at the blog;
• search here;
• crude oil: the next five years, posted May 20, 2018;
  
• alma mater USC
• walloped Louisville; Louisville was 10-1 for the season; playoff contender? Not.
  
• Miller Moss: first college start; has his own wiki page; set record with 6-TD passes;
  
• oil peak demand
• peak demand: Dan 
• peak demand: Javier
• peak demand: Staunovo
• huge inventory increase today; oil tickers down;
  
• BioNTech: 
• one of Barron's top ten for 2024.
  
• XOM shale
• sounds bogus to me;
  
• hydrogen
• green hydrogen fans see red over Biden's tax-credit proposal; 
• hydrogen op-ed, The WSJ;
  
• California
• retired cops taking their huge pensions with them to Idaho; 
• thank you, Governor Newsom;
  

*************************
Back to the Bakken

WTI: $73.32.

Friday, December 29, 2023: 44 for the month; 193 for the quarter, 763 for the year
None.

Thursday, December 28, 2023: 44 for the month; 193 for the quarter, 763 for the year
39231, conf, Grayson Mill, Reidle 6-3F 3H,

RBN Energy: the top ten blogs of 2023.

#10 –2/26/23 – Natural Gas: Gotta Get Over - The Race to Debottleneck U.S. LNG Feedgas Routes

#9 – 10/25/23 – NGLs: OMG - The Build-Out of Permian Gas Processing Capacity Isn’t Over, Not by a Long Shot

#8 – 9/26/23 – Natural Gas: It's a Gas Gas Gas - High-Nitrogen Permian Natural Gas Mucks Up Texas Gulf Coast LNG Feedgas

#7 – 1/9/2023 – NGLs: When the Levee Breaks - Why U.S. Natural Gas Liquids Production is Surging

#6 – 3/23/23 – Crude Oil: Trading in the USA - Pulling Back the Curtain on North America's Crude Oil Trading Market

#5 – 9/6/23 – Renewables: The Contenders – Unveiling the Full List of Survivors of the DOE's Hydrogen Hub Cutdown

#4 – 3/6/23 – Natural Gas: The Heat Is On - Is New England Headed for an Electricity Supply Crisis?

#3 – 4/9/23 – Crude Oil: Shake It Up - Why SPOT Will Change Everything in the U.S. Crude Oil Export Market

#2 – 2/12/23 – Natural Gas: The Final Countdown, RBN’s Five-Year Natural Gas Market Outlook

#1 – 8/13/23 – Crude Oil: The Payback - Canadians 'Avenge' Keystone XL Loss With Takeover of Top U.S. Crude Export Terminals

We got a kick out of this one.

The most hits of any blog this year came from a posting that highlighted a bit of irony in North American crude oil markets. It had been a couple of years since TC Energy finally threw in the towel on its long-planned, long-delayed Keystone XL pipeline project, which would have substantially increased the flow of Western Canadian heavy crude to Gulf Coast refineries and export docks.

It was a bitter loss.

But then came the ironic part. Since then, two other companies headquartered north of the 49th parallel assumed leading roles in the U.S. crude oil market or, more specifically, crude exports. First, Enbridge acquired the U.S.’s #1 oil export terminal — now called the Enbridge Ingleside Energy Center (EIEC) — and related assets for US$3 billion and then, on August 1, Gibson Energy announced that it had closed on the US$1.1 billion purchase of the nearby South Texas Gateway (STG), which is #2 in crude export volumes.

In this blog, we discussed the increasing role of Canada-based midstream companies along the Gulf Coast. Was it our brilliant analysis that pulled in all the hits? Or perhaps a bit of schadenfreude?