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Monday, March 25, 2024

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:

  • 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,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20242914496145111443818848175471238
BAKKEN12-202331237342371819719306153045088
BAKKEN11-2023302000320002192382280222636111
BAKKEN10-2023312705427067279622480324365381
BAKKEN9-2023292863228572295412438724003320
BAKKEN8-2023792969265139746752669733
  •  39368, drl/A, MRO, Red 31-29TFH, Bailey,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20242913962139682002816695155461093
BAKKEN12-202331207112069425206254052526973
BAKKEN11-202330166721666028933195711942995
BAKKEN10-2023311874918745366332074820378322
BAKKEN9-202329158861589230121391813698183
BAKKEN8-202315169131685739882147161459374
  • 39369, drl/A, MRO, Amber 31-29H, Bailey,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20243018722187042936021854203521429
BAKKEN12-202331213682141547214236462351968
BAKKEN11-2023303361933529527913881238530189
BAKKEN10-2023201487014866347801566915390243
BAKKEN9-2023291215712160440131142811247151
BAKKEN8-2023161260812566569569553947547
  • 39370, drl/A, MRO, Deuce 21-29TFH, Bailey,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20242912114121251463916289151621072
BAKKEN12-202331194661947323430208892077760
BAKKEN11-202330214582144931944183161818588
BAKKEN10-2023312619026193431902183321449334
BAKKEN9-2023302505625056505992011919804262
BAKKEN8-202321236442356557269164671633381
  • 39371, PA, MRO, Thompson 44-20TFH, Bailey, 
  • 39372, drl/A, MRO, Sandra 44-20TFH, Bailey,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20243011940119361778118576172841229
BAKKEN12-202331153691543140149209092079760
BAKKEN11-2023303147931471461003592135660175
BAKKEN10-2023313998239941530764024839533622
BAKKEN9-2023302360723581465392091320583275
BAKKEN8-202323146051455635900140531393571
  • 39373, drl/A, MRO, Louise 34-20TFH, Bailey,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2024201089410919335661159710803755
BAKKEN12-202331211972120064721242992416970
BAKKEN11-202330222722227123780200371989496
BAKKEN10-2023313017730196377012841527913437
BAKKEN9-2023303344333449394883095630465409
BAKKEN8-2023253361233500464323072630470154
BAKKEN7-202320020000
  •  39374, drl/A, MRO, Peggy 24-20H, Bailey,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20243113316133191518618638173471228
BAKKEN12-202331191101909919446232502312567
BAKKEN11-202330167561676815458193831924394
BAKKEN10-2023312702927039305542934628823455
BAKKEN9-2023292783427886314122971029234396
BAKKEN8-2023314186441837431063732837018187
BAKKEN7-202361920119088222981442314228134
  • 39375, drl/A, MRO, Beth 24-20TFH, Bailey,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20243111916119051395215800147081039
BAKKEN12-202331136041364114782186951859454
BAKKEN11-2023302327223271264162443224256118
BAKKEN10-2023313145631467424913247731900502
BAKKEN9-2023303229932295457243378533244450
BAKKEN8-2023302931329316383653027430020153
BAKKEN7-202381717617075253031670216473158
  • 39376, drl/A, MRO, Whalen 14-20H, Bailey,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20243115353153411504822869212811511
BAKKEN12-202331180311802117887263222618076
BAKKEN11-2023251597015998160152086120709102
BAKKEN10-2023313143931469258473778737110589
BAKKEN9-2023303811838137349743597735405476
BAKKEN8-2023294202842153451043947739148198
BAKKEN7-2023304498644721674864410143495417
  • 39377, drl/conf, MRO, Leah 14-200TFH, Bailey,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20243012062120581813417070158871125
BAKKEN12-202331156201565418899240822395170
BAKKEN11-2023302458624574287242448924313118
BAKKEN10-2023312948829475343702876428254444
BAKKEN9-2023302275622732329592477024372331
BAKKEN8-202323145101470823699140121389471
BAKKEN7-2023234178541539542003833337808361

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:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20242854855438822239093256498
BAKKEN12-202329684566659597718514795553
BAKKEN11-20231111189782102109101058
BAKKEN10-20230000000
BAKKEN9-20230000000
BAKKEN8-20230000000
BAKKEN7-20230000000
BAKKEN6-20230000000
BAKKEN5-20230000000
BAKKEN4-20230000000
BAKKEN3-20230000000
BAKKEN2-20232718171935719207701921
BAKKEN1-20233119791948813227402090
BAKKEN12-20223119581976935223901904
BAKKEN11-20223016461666872191901608

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:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2024272956529590341523004529737220
BAKKEN12-2023293851238565458903469933997603
BAKKEN11-20232445438452435315931677282673301
  • 39470, Sagler:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2024282059420596364651703216858124
BAKKEN12-2023312272522668456791633516009280
BAKKEN11-20235616661391565938373427397
  • 39699, DeMay,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-202426163981640836772136651352699
BAKKEN12-2023302033420259666611709116746296
BAKKEN11-202320011000
  • 39700, Arlene,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2024312889628923329152539925140185
BAKKEN12-2023313853438557486793017829573520
BAKKEN11-20232938339383085768927148242232831
BAKKEN10-20234100819947169526283619053
  • 39701, Elaine,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2024272617226228294122037920173147
BAKKEN12-2023314349543512528612976229170509
BAKKEN11-20232841168414775045227224243022828
BAKKEN10-2023103648535999494732490724536211
  • 39702, Barsness:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-2024302731327327342322276422533165
BAKKEN12-2023313325133262445482587425355446
BAKKEN11-20232930961312534996823419208862452
BAKKEN10-2023143194931524572542065320347174

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.