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Wednesday, January 3, 2024

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;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-202330901558999864854137734137202532
BAKKEN10-20231026024257431454035557321233434
BAKKEN9-202322342279805720572
  • 33055, XTO, Dakota Federal 42X-36A, Bear Den,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-2023304339343974289377047970209270
BAKKEN10-2023317192271649475411046229441410208
BAKKEN9-20231016464160151056420271158574414
BAKKEN8-2023173003490349
  • 33341, SI/A, XTO, Dakota Federal 42X-36E, Bear Den;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-2023213149832048196614651346336177
BAKKEN10-20233163798637083992192413835578856
BAKKEN9-2023919413188441050624190193394851
BAKKEN8-2023247012104950495
  • 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;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-2023113053030379151134056440406158
BAKKEN10-202300120000
BAKKEN9-202323813699958380838

  • 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).

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