Checking In On MRO's 12-Well Peggy Pad -- March 25, 2024

 Locator: 46843B.

One year ago the status of most of these wells were drl/conf.

The wells:

• 16611, 428, MRO, Carlson 21-29H, Bailey, t10/07; cum 500K 10/22. Full production for #16611 here; remains off line 1/24;
  

• 39361, drl/conf, MRO, Skip 31-29H, Bailey,
• 39368, drl/conf, MRO, Red 31-29TFH, Bailey,
• 39369, drl/conf, MRO, Amber 31-29H, Bailey,
• 39370, drl/conf, MRO, Deuce 21-29TFH, Bailey,
• 39371, drl/conf, MRO, Thompson 44-20TFH, Bailey,
• 39372, drl/conf, MRO, Sandra 44-20TFH, Bailey,
• 39373, drl/conf, MRO, Louise 34-20TFH, Bailey,
• 39374, drl/conf, MRO, Peggy 24-20H, Bailey,
• 39375, drl/conf, MRO, Beth 24-20TFH, Bailey,
• 39376, drl/conf, MRO, Whalen 14-20H, Bailey,
• 39377, drl/conf, MRO, Leah 14-200TFH, Bailey,

Early production:

• 39361, drl/A, MRO, Skip 31-29H, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	29	14496	14511	14438	18848	17547	1238
BAKKEN	12-2023	31	23734	23718	19719	30615	30450	88
BAKKEN	11-2023	30	20003	20002	19238	22802	22636	111
BAKKEN	10-2023	31	27054	27067	27962	24803	24365	381
BAKKEN	9-2023	29	28632	28572	29541	24387	24003	320
BAKKEN	8-2023	7	9296	9265	13974	6752	6697	33

•  39368, drl/A, MRO, Red 31-29TFH, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	29	13962	13968	20028	16695	15546	1093
BAKKEN	12-2023	31	20711	20694	25206	25405	25269	73
BAKKEN	11-2023	30	16672	16660	28933	19571	19429	95
BAKKEN	10-2023	31	18749	18745	36633	20748	20378	322
BAKKEN	9-2023	29	15886	15892	3012	13918	13698	183
BAKKEN	8-2023	15	16913	16857	39882	14716	14593	74

• 39369, drl/A, MRO, Amber 31-29H, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	30	18722	18704	29360	21854	20352	1429
BAKKEN	12-2023	31	21368	21415	47214	23646	23519	68
BAKKEN	11-2023	30	33619	33529	52791	38812	38530	189
BAKKEN	10-2023	20	14870	14866	34780	15669	15390	243
BAKKEN	9-2023	29	12157	12160	44013	11428	11247	151
BAKKEN	8-2023	16	12608	12566	56956	9553	9475	47

• 39370, drl/A, MRO, Deuce 21-29TFH, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	29	12114	12125	14639	16289	15162	1072
BAKKEN	12-2023	31	19466	19473	23430	20889	20777	60
BAKKEN	11-2023	30	21458	21449	31944	18316	18185	88
BAKKEN	10-2023	31	26190	26193	43190	21833	21449	334
BAKKEN	9-2023	30	25056	25056	50599	20119	19804	262
BAKKEN	8-2023	21	23644	23565	57269	16467	16333	81

• 39371, PA, MRO, Thompson 44-20TFH, Bailey, 

• 39372, drl/A, MRO, Sandra 44-20TFH, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	30	11940	11936	17781	18576	17284	1229
BAKKEN	12-2023	31	15369	15431	40149	20909	20797	60
BAKKEN	11-2023	30	31479	31471	46100	35921	35660	175
BAKKEN	10-2023	31	39982	39941	53076	40248	39533	622
BAKKEN	9-2023	30	23607	23581	46539	20913	20583	275
BAKKEN	8-2023	23	14605	14556	35900	14053	13935	71

• 39373, drl/A, MRO, Louise 34-20TFH, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	20	10894	10919	33566	11597	10803	755
BAKKEN	12-2023	31	21197	21200	64721	24299	24169	70
BAKKEN	11-2023	30	22272	22271	23780	20037	19894	96
BAKKEN	10-2023	31	30177	30196	37701	28415	27913	437
BAKKEN	9-2023	30	33443	33449	39488	30956	30465	409
BAKKEN	8-2023	25	33612	33500	46432	30726	30470	154
BAKKEN	7-2023	2	0	0	20	0	0	0

•  39374, drl/A, MRO, Peggy 24-20H, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	31	13316	13319	15186	18638	17347	1228
BAKKEN	12-2023	31	19110	19099	19446	23250	23125	67
BAKKEN	11-2023	30	16756	16768	15458	19383	19243	94
BAKKEN	10-2023	31	27029	27039	30554	29346	28823	455
BAKKEN	9-2023	29	27834	27886	31412	29710	29234	396
BAKKEN	8-2023	31	41864	41837	43106	37328	37018	187
BAKKEN	7-2023	6	19201	19088	22298	14423	14228	134

• 39375, drl/A, MRO, Beth 24-20TFH, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	31	11916	11905	13952	15800	14708	1039
BAKKEN	12-2023	31	13604	13641	14782	18695	18594	54
BAKKEN	11-2023	30	23272	23271	26416	24432	24256	118
BAKKEN	10-2023	31	31456	31467	42491	32477	31900	502
BAKKEN	9-2023	30	32299	32295	45724	33785	33244	450
BAKKEN	8-2023	30	29313	29316	38365	30274	30020	153
BAKKEN	7-2023	8	17176	17075	25303	16702	16473	158

• 39376, drl/A, MRO, Whalen 14-20H, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	31	15353	15341	15048	22869	21281	1511
BAKKEN	12-2023	31	18031	18021	17887	26322	26180	76
BAKKEN	11-2023	25	15970	15998	16015	20861	20709	102
BAKKEN	10-2023	31	31439	31469	25847	37787	37110	589
BAKKEN	9-2023	30	38118	38137	34974	35977	35405	476
BAKKEN	8-2023	29	42028	42153	45104	39477	39148	198
BAKKEN	7-2023	30	44986	44721	67486	44101	43495	417

• 39377, drl/conf, MRO, Leah 14-200TFH, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	30	12062	12058	18134	17070	15887	1125
BAKKEN	12-2023	31	15620	15654	18899	24082	23951	70
BAKKEN	11-2023	30	24586	24574	28724	24489	24313	118
BAKKEN	10-2023	31	29488	29475	34370	28764	28254	444
BAKKEN	9-2023	30	22756	22732	32959	24770	24372	331
BAKKEN	8-2023	23	14510	14708	23699	14012	13894	71
BAKKEN	7-2023	23	41785	41539	54200	38333	37808	361

Checking In On The MRO Bob Tuhy Well -- Bailey Oil Field -- March 25, 2024

Locator: 46842B.

The last time we checked in on this well, it was off line.

This  well is now back on line:

• 16666, 1,374, MRO, Bob Tuhy 44-19H, Bailey, t11/08; cum 519K 2/23; cum 532K 1/24; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	28	5485	5438	8222	3909	3256	498
BAKKEN	12-2023	29	6845	6665	9597	7185	1479	5553
BAKKEN	11-2023	11	1118	978	2102	1091	0	1058
BAKKEN	10-2023	0	0	0	0	0	0	0
BAKKEN	9-2023	0	0	0	0	0	0	0
BAKKEN	8-2023	0	0	0	0	0	0	0
BAKKEN	7-2023	0	0	0	0	0	0	0
BAKKEN	6-2023	0	0	0	0	0	0	0
BAKKEN	5-2023	0	0	0	0	0	0	0
BAKKEN	4-2023	0	0	0	0	0	0	0
BAKKEN	3-2023	0	0	0	0	0	0	0
BAKKEN	2-2023	27	1817	1935	719	2077	0	1921
BAKKEN	1-2023	31	1979	1948	813	2274	0	2090
BAKKEN	12-2022	31	1958	1976	935	2239	0	1904
BAKKEN	11-2022	30	1646	1666	872	1919	0	1608

The MRO Sagler Pad, Killdeer Oil Field, Dunn County

 Locator: 46841B.

These DUCs were reported completed January 29, 2024.

• 39446, 4,183, MRO, Claudia 24-33H, Killdeer, Dunn County; cum 114K 1/24;
  
• 39470, 2,074, MRO, Sagler 21-4TFH, Killdeer, Dunn County; cum 49K 1/24;
  
• 39699, 1,616, MRO, Demay 21-4H, Killdeer, Dunn County; cum 37K 1/24;
  
• 39700, 3,769, MRO, Arlene 11-4TFH, Killdeer, Dunn County; cum 116K 1/24;
  
• 39701, 5,266, MRO, Elaine 41-5H, Killdeer, Dunn County; cum 147K 1/24;
  
• 39702, 4,436, MRO, Barsness 41-5TFH, Killdeer, Dunn County; cum 123K 1/24;
  

Production data:

• 39446, Claudia:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	27	29565	29590	34152	30045	29737	220
BAKKEN	12-2023	29	38512	38565	45890	34699	33997	603
BAKKEN	11-2023	24	45438	45243	53159	31677	28267	3301

• 39470, Sagler:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	28	20594	20596	36465	17032	16858	124
BAKKEN	12-2023	31	22725	22668	45679	16335	16009	280
BAKKEN	11-2023	5	6166	6139	15659	3837	3427	397

• 39699, DeMay,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	26	16398	16408	36772	13665	13526	99
BAKKEN	12-2023	30	20334	20259	66661	17091	16746	296
BAKKEN	11-2023	2	0	0	11	0	0	0

• 39700, Arlene,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	31	28896	28923	32915	25399	25140	185
BAKKEN	12-2023	31	38534	38557	48679	30178	29573	520
BAKKEN	11-2023	29	38339	38308	57689	27148	24223	2831
BAKKEN	10-2023	4	10081	9947	16952	6283	6190	53

• 39701, Elaine,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	27	26172	26228	29412	20379	20173	147
BAKKEN	12-2023	31	43495	43512	52861	29762	29170	509
BAKKEN	11-2023	28	41168	41477	50452	27224	24302	2828
BAKKEN	10-2023	10	36485	35999	49473	24907	24536	211

• 39702, Barsness:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2024	30	27313	27327	34232	22764	22533	165
BAKKEN	12-2023	31	33251	33262	44548	25874	25355	446
BAKKEN	11-2023	29	30961	31253	49968	23419	20886	2452
BAKKEN	10-2023	14	31949	31524	57254	20653	20347	174

For A #1 Team Playing A #8 Team, Iowa And Caitlyn Not Looking All That Formidable In The First Half -- March 25, 2024

Locator: 46840SPORTS.

In to the half, it's 26 - 24 -- Iowa by two. 

Iowa ultimately won, but not particularly pretty.

***************************
Meanwhile, In Japan

This is a big deal. 

Really, really cool.  

Why didn't we get this done under the previous administration.

Again, folks are under-estimating Sleepy Joe. 

Will we have a Southern Pacific Command and a Northern Pacific Command?

Russsia is "Ordering" OPEC+ To Cut Production -- Oil Rises Nicely -- Natural Gas Prices Go NEGATIVE In The Permian -- March 25, 2024

Locator: 46839EVS.

EVs: NYTimes on the day Fisker shares are halted on the exchange. Link here.

Or go direct to TNYT.

You just gotta love the NYT analysis:

The electric vehicle, a breakthrough achievement in automotive technology, has driven into this year’s presidential election, inflaming partisan fights that have come to define much of American culture.

One reason is that President Biden has made electric vehicles central to his strategy to combat climate change.

This week, his administration announced the most ambitious climate regulation in the nation’s history: a measure designed to accelerate a transition toward electric vehicles and away from the gasoline-powered cars that are a major cause of global warming.

The political war over electric vehicles has been fueled by an incendiary mix of issues: technological change, the future of the oil and gas industry, concerns about competition from China and the American love of motorized muscle.

And in the rural reaches of America, where few public charging stations exist, the notion of an all-electric future feels fanciful — another element to the urban-rural divide that underlies the nation’s polarization.

Mr. Biden’s opponent, former President Donald J. Trump, has for months escalated attacks on electric vehicles broadly and the new regulation in particular, falsely calling the rule a ban on gasoline-powered cars and claiming electric cars will “kill” America’s auto industry. He has called them an “assassination” of jobs. He has declared that the Biden administration “ordered a hit job on Michigan manufacturing” by encouraging the sales of electric cars.

I've followed this story fairly closely over the years, and 've never thought of it as a political issue -- whatever. This article, by the way, is an op-ed piece made to look like a news story -- fairly typical of The New York Times.

***************************************
Back to the  Bakken

Locator: 46839B.

Active rigs: 37.

WTI: $81.98.

Natural gas prices, link here.

This month, the spot natural gas prices at the Waha hub in West Texas, in the Permian, have been negative, sinking to as low as -$1.16 per million British thermal units (MMBtu) on March 18, per EIA data.

The negative price, meaning producers have to pay for the gas to be moved out of production areas, was due to oversupply, a lack of enough takeaway infrastructure, and ongoing maintenance of the El Paso Natural Gas Company (EPNG) pipeline system, which delivers natural gas westbound out of the Permian Basin.

Meanwhile, the U.S. benchmark price at the Henry Hub, has traded in recent days at around $1.6 per MMBtu, which is around 75% lower than the average price in 2022.

Deflation? March 25, 2024

Locator: 46838CARS.

Breaking: Fisker shares halted.

Now, back to our original programming.

I don't know if folks are paying attention, but at the "low end" of the market, new car prices have come way down.

I spotted that last nigh during a commercial for a March Madness game. I was so surprised, I actually left the basketball game to check out auto prices on the net.

This summer will be huge for auto buyers.

Link here.

I think I can buy a new Honda Civic (2023) for the price I paid for my 2012 Honda Civic bought in December, 2011.