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;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2024	31	13832	13834	23610	0	0	0
BAKKEN	2-2024	29	12799	12793	21441	16270	15937	333
BAKKEN	1-2024	31	11577	11505	20779	11453	10869	584
BAKKEN	12-2023	27	9364	9429	25140	10773	10459	314
BAKKEN	11-2023	26	18204	18422	46523	24805	18584	6221
BAKKEN	10-2023	2	2233	1855	1833	2209	0	2209

• 39347, conf, Hess, TI-T Lalim-157-95-0214H-4, Tioga, t11/23; cum 83K 3/24;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2024	31	13603	13597	21368	0	0	0
BAKKEN	2-2024	29	11992	11999	21296	15494	15182	312
BAKKEN	1-2024	31	11732	11751	26351	12304	11696	608
BAKKEN	12-2023	28	18463	18502	44167	24754	24093	661
BAKKEN	11-2023	30	25758	25703	20018	18180	13448	4732
BAKKEN	10-2023	1	1016	844	564	324	0	324

• 39348, conf, Hess, TI-T Lalim-157-95-0214H-3, Tioga,

Date	Oil Runs	MCF Sold
3-2024	20179	0
2-2024	13834	16214
1-2024	16651	20374
12-2023	18667	21990
11-2023	19772	25415

• 39349, conf, Hess, TI-T Lalim-157-95-0214H-2, Tioga,

Date	Oil Runs	MCF Sold
3-2024	14596	0
2-2024	16293	19537
1-2024	17375	21440
12-2023	21446	24843
11-2023	15450	20235

The maps: