The Million Dollar Way (The Bakken Oil Blog): 03/23/24

Saturday, March 23, 2024

Whiting / Kodiak Koala Federal / Koala Wells In Poe Oil Field

Locator: 46835B.

Tracked here. This is an update.

The wells:

21303, 2,227, Whiting, Koala 2-25-36-16H3, Three Forks, Poe, t12/11; cum 269K 1/24, 25 stages; 79,818 bbls; 3,323,9225 lbs proppant; 1280 acres;
20319, 113, Whiting, Koala 2-25-36-15H, Poe, t12/11; cum 389K 1/24,
20413, 702, Whiting, Koala 2-25-36-14H3, Three Forks, Poe, t1/12; cum 130K 1/24,

32545, 2,814, Whiting, Koala Federal 31-25HU, Camp, 40 stages; 219,757 bbls, 10,187,726 lbs proppant, 2560 acres; t8/17; cum 336K 1/24;
32546, 2,774, Whiting, Koala Federal 31-25TFH, Poe, t8/17; cum 220K 1/24;
32547, 3,559, Whiting, Koala Federal 31-25H, Poe, t8/17; cum 303K 1/24;
32548, 3,438, Whiting, Koala 31-25-2TFH, Poe, t8/17; cum 220K 1/24;
32549, 4,214, Whiting, Koala 31-25-2H, Poe, t8/17; cum 313K 1/24;
32550, 2,082, Whiting, Koala 31-25-3H, Poe, t8/17; cum 307K 1/24;

The maps:

A 40-Year Old Madison Well On Indian Hill Approaching 500K Bbls Crude Oil Cumulative -- March 23, 2024

Locator: 46834B.

Growing up in Williston, Dad often took us south of Williston to go running up Indian Hill. The longer it's been since Dad passed away, the more I miss him, and all the great memories. I doubt we ever thanked Mom and Dad enough for all they did for us.

But I digress.

What's going on, today, on Indian Hill?

Glad you asked. A 40-year well, link here.

The maps:

The well:

10855, 120, Scout Energy, Fossum 14 1, Indian Hill, Madison formation, 9/84; cum 468K 1/24;

Rate Cut -- March 23, 2024

Locator: 46833FED.

CNBC analysts based on JPow's comments: three more rate cuts this year (by the way, JPow did not say that at all; he said something completely different if folks were truly listening).

Raphael Bostic: one rate cut this year.