Seven New Permits; Six DUCs Reported As Completed; Eight Wells Released From Confidential Status; Three Permits Canceled; One Permit Renewed; XTO Reporting Some Incredible Dakota Federal Wells In Bear Den — January 3, 2024

Locator: 46451B.

GDPNow: link here. Big jump and change in direction for gross private domestic investment growth. Does gross personal consumption account for 2/3rds of GDP?

Latest estimate: 2.5 percent -- January 03, 2024. 

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.5 percent on January 3, up from 2.0 percent on January 2. 

After this morning’s release of the ISM Manufacturing Index from the Institute for Supply Management, the nowcasts of fourth-quarter gross personal consumption expenditures growth and fourth-quarter gross private domestic investment growth increased from 2.4 percent and -0.4 percent, respectively, to 2.9 percent and 0.5 percent.

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Back to the Bakken

Active rigs: 34.

WTI: up almost 4%; up $2.67; and trading at $73.05. See this note.

Seven new permits, #40419 - #40425, inclusive:

• Operators: Grayson Mill (5); Liberty Resources (2);
• Fields: Siverston (McKenzie); Leaf Mountain (Burke)
• Comments:
• Grayson Mill has permits for five Scott wells, NWNE 13-150-99, 
• to be sited 291 FNL and between 2300 FEL andd 2510 FEL;
• Liberty Resources has two permits for wells in SESW 15-161-93; 
• the Maple Leaf well be sited 774 FSL andd 1467 FWL; and, the Avalanche well to be sited 739 FSL and 1467 FWL;

Eight wells came off confidential list:

• Hess: two each -- BL-Herfindahl wells; BL-Domy wells; GO-Bergstrom wells; and, EN-Madisyn-LE wells;

One permit renewed:

• 30433, BR, Manchester 2C, Little Knife; Dunn County

Three permits canceled:

• CLR (2): a Kennedy permit (#37804), McKenzie County; and a Chase permit (#40254), Dunn County;
• Petroshale: a Primus permit (39965), McKenzie Couunty

Six producing wells (DUCs) reported as completed:
33328, 3,257, XTO, Dakota Federal 42X-36H, McKenzie;
33329, 3,751, XTO, Dakota Federal 42X-36D, McKenzie;
39704, 1,145, Oasis, MHA Moose 5090 43-7 2B; McLean;
39706, 854, Oasis, MHA Moose 5090 43-7 4B; McLean;
39707, 895, Oasis, MHA Moose 5090 43-7 5B; McLean;
39714, 466, Petro-Hunt, Dudlley Dawson 148-103-2B-11-1H;

The map for the XTO wells:

The wells on that pad:

• 19376: PA;
• 33342, XTO, Dakota Federal 42X-36F, Bear Den; note, 26,024 bbls over 10 days extrapolates to 78072 bbls over 30 days;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	30	90155	89998	64854	137734	137202	532
BAKKEN	10-2023	10	26024	25743	14540	35557	32123	3434
BAKKEN	9-2023	2	234	227	980	572	0	572

• 33055, XTO, Dakota Federal 42X-36A, Bear Den,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	30	43393	43974	28937	70479	70209	270
BAKKEN	10-2023	31	71922	71649	47541	104622	94414	10208
BAKKEN	9-2023	10	16464	16015	10564	20271	15857	4414
BAKKEN	8-2023	1	73	0	0	349	0	349

• 33341, SI/A, XTO, Dakota Federal 42X-36E, Bear Den;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	21	31498	32048	19661	46513	46336	177
BAKKEN	10-2023	31	63798	63708	39921	92413	83557	8856
BAKKEN	9-2023	9	19413	18844	10506	24190	19339	4851
BAKKEN	8-2023	2	47	0	1210	495	0	495

• 33343, SI/A, XTO, Dakota Federal 42X-36B, Bear Den; note, 30,530 bbls over 11 days extrapolates to 83,264 bbls over 30 days;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	11	30530	30379	15113	40564	40406	158
BAKKEN	10-2023	0	0	12	0	0	0	0
BAKKEN	9-2023	2	381	369	995	838	0	838

• 33327, PA, XTO, Dakota Federal 42X-36C, Bear Den,
• 33328, SI/NC, XTO, Dakota Federal 42X-36H, Bear Den,
• 33329, SI/NC, XTO, Dakota Federal 42X-36D, Bear Den,
• 33330, SI/NC, XTO, Dakota Federal 42X-36HXE, Bear Den,
• 34942, SI/NC, XTO, Dakota Federal 42X-36CR, Bear Den, 

More on #34942:

• spud June 21, 2018 by Nabors B10;
• reached TD in 19 total drilling days on July 9, 2018
• 18' target zone; middle Bakken
• Lodgepole: 9,766 TVD
• False Bakken: 10,615 TVD
• Scallion: 10,620 TV
• Bakken: four members, two of which are organic-rich, pyritic shale, separated by a calcite-cemented silty sandstone member and a medium gray siltstone, known as the Pronghorn Member underneath. The carbonaceous Upper Bakken Shale was penetrated at 10,630 TVD, which was 2' high to Dakota Federal 42X-36C. Gas shows here ranged from 1,374 to 1,703 units against 10.45 ppg mud. The Middle Bakken was penetrated at 10,650 TVD, even to Daota Federal 42X-36C. This lithology consists of a light brown to medium gray, with occasional cream, friable to firm, sub-blocky, very fine grained silty sandstone which was calcite-cemented. Trace brown spotty oil staining was typical throughhout the lateral. Disseminated pryite was seen throughout the lateral, although nodular pyrite was periodic throughout the lateral intergranular porosity was described through the lateral (sic).