Monday, May 6, 2024

The Hess TI-T Lalim Wells

Locator: 47074LALIM.

Personal investing: today, will add to positions in --

  • AVGO -- by rule
  • QCOM -- by rule
  • XOM -- special circumstance
    • with the PXD close, XOM more than doubles its footprint in the Permian
    • XOM: up 1.5% today
  • no recommendation; see disclaimers.

The Hess TI-T Lalim wells in Tioga oil field. The Tioga area is where the North Dakota oil boom began back in the 1950s. 

This area must be the most drilled-out, explored area in North Dakota. It is "owned" by Hess. Look up "company town" in a dictionary and you will see an aerial photo of Tioga. And so I was incredibly surprised when I looked at the NDIC maps of these four new wells. The area is practically empty. Some old vertical non-Bakken wells and one old PA'd Bakken well -- but no horizontal Bakken wells in this drilling unit as far as I could see. And the surrounding area is pretty sparsely drilled also.

The wells:

  • 39346, conf, Hess, TI-T Lalim-157-95-0214H-1, t11/23; cum 68K 3/24; F;

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-202431138321383423610000
BAKKEN2-2024291279912793214411627015937333
BAKKEN1-2024311157711505207791145310869584
BAKKEN12-20232793649429251401077310459314
BAKKEN11-20232618204184224652324805185846221
BAKKEN10-2023222331855183322090
  • 2209
  • 39347, conf, Hess, TI-T Lalim-157-95-0214H-4, Tioga, t11/23; cum 83K 3/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-202431136031359721368000
BAKKEN2-2024291199211999212961549415182312
BAKKEN1-2024311173211751263511230411696608
BAKKEN12-2023281846318502441672475424093661
BAKKEN11-20233025758257032001818180134484732
BAKKEN10-2023110168445643240324
  • 39348, conf, Hess, TI-T Lalim-157-95-0214H-3, Tioga,
DateOil RunsMCF Sold
3-2024201790
2-20241383416214
1-20241665120374
12-20231866721990
11-20231977225415
  • 39349, conf, Hess, TI-T Lalim-157-95-0214H-2, Tioga,

DateOil RunsMCF Sold
3-2024145960
2-20241629319537
1-20241737521440
12-20232144624843
11-20231545020235

The maps:



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