Fracking -- WSJ Bios — February 19, 2024

Locator: 46847FRACKING. 

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WSJ Bios

The more WSJ  bios I read, the less I'm impressed. It started when I read Nicole Nguyen's bio after her reporting on Amazon some weeks ago.

Now, this one: 

The writing may be excellent but absolutely unhelpful with regard to investing.

Flashback, from August, 2022: America's newest energy crisis:

In the big scheme of things, August, 2022, is just a bit more than a year ago. 

This article was an absolute "disaster." A year after this article was written, the picture has changed completely.

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Fracking -- And Now Re-Fracking

Currently, new permits in North Dakota have just crossed the "40530" chronologic number. The newest permit is #40531, an Enerplus Deuce permit. Every well with a permit number below 25000 will have to be re-fracked. Bakken wells began around 16500.  Around 10,000 wells will need to be re-fracked? How may Baken wells are  being drilled each year right now? About a thousand?

Re-posting.

Link here.

https://www.hartenergy.com/exclusives/super-dug-enerplus-banks-underappreciated-bakken-refracs-205287

https://onepetro.org/URTECONF/proceedings-abstract/22URTC/2-22URTC/D021S030R002/489246

https://oilprice.com/Energy/Energy-General/ExxonMobil-New-Fracking-Technology-Can-Double-Oil-Output.htmlhttps://oilprice.com/Energy/Energy-General/ExxonMobil-New-Fracking-Technology-Can-Double-Oil-Output.html

From the blog:

• re-fracking, the blog.
• MRO re-fracking, the blog.
• MRO pads, the blog.
• the Bailey oil field, the blog.

Also, see tags.

Re-posting, as an example, from the MRO Bailey oil field inventory: 

MRO may, again, get recognized as the best / most interesting "medium-size" operator in the Bakken for 2019.

See this link, #18842, Tescher 11-27H.

CLR has its Brooklyn oil field; MRO has its Bailey. Two typical MRO Bailey re-frack wells:

The well:

• 18842, 135, MRO, Tescher 11-27H, Bailey, section 27-146-93, 33-025-01071, t8/10; cum 469K 4/20; re-fracked, 8/11/2017  - 8/25/2017; 5.9 million gallons of water, small-to-moderate frack; a neighboring well, #16753, was fracked at the same time; an even small frack, 4.1 million gallons of water, and another great result; these are the only two wells in this 1280-acre drilling unit; cum 624K 12/23;
  

 Re-frack production:

BAKKEN	5-2018	31	16838	16832	9470	10652	7558	1839
BAKKEN	4-2018	24	15235	15196	13210	10041	2693	5591
BAKKEN	3-2018	25	15477	15521	18044	10768	8433	538
BAKKEN	2-2018	26	17356	17282	18611	11692	6384	3322
BAKKEN	1-2018	29	23820	23889	30412	17041	13573	759
BAKKEN	12-2017	22	20852	20816	24612	14321	8282	3699
BAKKEN	11-2017	25	16547	16593	18778	11933	8981	1047
BAKKEN	10-2017	31	28177	28108	34755	19296	13632	2465
BAKKEN	9-2017	16	16166	16203	142	11650	1128	8706
BAKKEN	8-2017	0	0	0	0	0	0	0
BAKKEN	7-2017	0	0	0	0	0	0	0
BAKKEN	6-2017	2	11	49	49	37	25	0
BAKKEN	5-2017	31	869	839	194	746	433	36
BAKKEN	4-2017	30	839	845	201	748	438	42
BAKKEN	3-2017	29	797	771	284	692	371	79
BAKKEN	2-2017	28	767	789	172	682	393	39

The well:

• 16753, 314, MRO, Repp 34-34H, Bailey, t1/08; cum 485K 12/23; re-frack production:

BAKKEN	9-2017	28	15352	15356	19387	7931	154	5990
BAKKEN	8-2017	28	12296	12173	13984	6389	2949	2011
BAKKEN	7-2017	23	10766	10744	12528	5861	2108	2490
BAKKEN	6-2017	18	14004	13925	10084	7036	819	4617
BAKKEN	5-2017	1	27	0	92	14	0	11
BAKKEN	4-2017	26	451	397	124	385	59	127
BAKKEN	3-2017	31	566	597	159	460	175	41
BAKKEN	2-2017	28	521	611	144	436	207	5
BAKKEN	1-2017	31	582	548	158	498	245	5
BAKKEN	12-2016	31	539	542	158	463	214	5
BAKKEN	11-2016	30	609	582	154	453	193	15
BAKKEN	10-2016	31	600	587	158	464	213	1