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Thursday, December 28, 2023

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:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-202331479748041206947634610100
BAKKEN9-20233064536477121205778568735
BAKKEN8-2023319356934714879633862720
BAKKEN7-202331104401039516654685567970
BAKKEN6-202318393840016692262926014
BAKKEN5-2023318942894617101670066496
BAKKEN4-2023301139611395256939798967968
BAKKEN3-2023311361613599377709177910330
BAKKEN2-2023241021010166341766731666830
BAKKEN1-20231775137678299724990490364
BAKKEN12-20222731698314987413821543192582016
BAKKEN11-20220000000
BAKKEN10-20225257308921850137
BAKKEN9-2022301793178987112840959
BAKKEN8-20222710439836778010557
BAKKEN7-2022001610000
BAKKEN6-2022123343871553220223
BAKKEN5-2022311601153655011180807
BAKKEN4-2022155535492534200294
BAKKEN3-202231114911964218900609
BAKKEN2-202228110610854528450585
BAKKEN1-202231124911744889520662
BAKKEN12-20213112421331480947065

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)

**********************
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:
BAKKEN10-20223135158349422535854327485021244
BAKKEN9-20223033475334732755244970424460
BAKKEN8-2022313408734362313984515242025619
BAKKEN7-20222278006380620
BAKKEN6-2022241541715421782238437371460
BAKKEN5-20223125017252621207456848516673155
BAKKEN4-2022232144521298102724119239288302
BAKKEN3-2022313613736127161468009476417944
BAKKEN2-20222851170511832183997398904123374
BAKKEN1-2022295205952096269998054075977877
BAKKEN12-202122552075470730348747265686614086
  • 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:
BAKKEN5-20212198199727487521726193801253
BAKKEN4-2021301929019343774347816460190
BAKKEN3-2021312460425028990654302508331313
BAKKEN2-2021282613125827105034914746781223
BAKKEN1-2021202142921791893337709308654989
BAKKEN12-20203138346383951448463828517989538
BAKKEN11-20203053105529831664986043817341019
BAKKEN10-20203064940650212053985430784563024
BAKKEN9-2020309038989900506361199941131421506
BAKKEN8-20204635558564005810063581121
  • 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 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:

*************************
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?