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Saturday, October 5, 2024

Activity In The Bailey Oil Field -- October 5, 2024

Locator: 48506B.

The wells on one pad, rig on site except for #18736, just to the west:

  • 18736, 626, MRO, Rosemary Eckelberg 21-26H, Bailey, t9/10; cum 287K 8/24;
  • 40747, conf/drl, MRO, Sigrid 41-27H, Bailey,
  • 40774, conf/drl, MRO, Vettleson 11-26H, Bailey,
  • 40743, conf/drl, MRO, Jens 21-26H, Bailey,
  • 40642, conf/drl, MRO, Thornton 31-26H, Bailey,
  • 40744, conf/drl, MRO, Rappley 31-26H, Bailey,
  • 40745, conf/drl, MRO, Eder 41-26H, Bailey,
  • 40746, conf/drl, MRO, ODonnell 44-22H, Bailey,
  • 40779, ros/conf/drl, MRO, McMillan 14-23H, Bailey,
  • 40748, conf/drl, MRO, Gross 24-23H, Bailey,
  • 40749, conf/drl, MRO, Rosenkranz 24-23H, Bailey,
  • 40750, conf/drl, MRO, McAdoo 34-23H, Bailey,
  • 40751, conf/drl, MRO, Hafner 34-23H, Bailey,
  • 40782, conf/drl, MRO, Orval 44-23H, Bailey,
  • 40781, conf/drl, MRO, Crooks 44-232H, Bailey,

The maps:


Activity In The Indian Hill Area, South Of Williston, Across The River -- October 5, 2024

Locator: 48505B.

Activity in the Indian Hill area:

  • 40835, drl/loc, Behan Federal 5301 42-29 2B, Indian Hill, it appears the well may have been drilled to depth;
  • 40836, drl/loc, Behan Federal 5301 42-29 3B, Indian Hill, it appears the well may have been drilled to depth;
  • 40805, drl/loc/ros, Behan Federal 5301 42-29 4B, Indian Hill,
  • 40837, drl/loc Behan Federal 5301 42-29 5B, Indian Hill,

  • 40875, conf, Oasis, Barnes Federal 5202 43-11 2B, Indian Hill,
  • 40876, conf/ros, Oasis, Barnes Federal 5202 43-11 3B, Indian Hill,
  • 40780, conf, Oasis, Barnes Federal 5202 43-11 4B, Indian Hill,
  • 40877, conf, Oasis, Barnes Federal 5202 43-11 5B, Indian Hill,

  • 40491, drl/conf, Oasis, Lee N 5201 21- 5 2B, Camp,
  • 40492, drl/conf, Oasis, Lee N 5201 21- 5 3B, Camp,
  • 40463, drl/conf, Oasis, Lee N 5201 21- 5 4B, Camp,
  • 40493, drl/conf, Oasis, Lee N 5201 21- 5B, Camp,
  • 40494, drl/conf, Oasis, Lee N 5201 21- 6B, Camp, 

Clearing Off The Desk -- Part 2 -- Palantir -- October 5, 2024

**********************************
Disclaimer
Brief Reminder 

  • I am inappropriately exuberant about the US economy and the US market.
  • I am also inappropriately exuberant about all things Apple. 
  • See disclaimer. This is not an investment site. 
  • Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
  • Reminder: I am inappropriately exuberant about the US economy and the US market.
  • I am also inappropriately exuberant about all things Apple. 
  • And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
  • Add Palantir to the list, being exuberant about all things Palantir.

Locator: 48504PALANTIR.

Time to do a deep dive into Palantir.

I started a position earlier this summer, and added to it every week or so. But it's getting crazy. 

Will have to do a deep dive this weekend.

Will start with the Austin article in The New Yorker from February, 2023, about a year and a half ago. And then wiki. That will be a nice start. Barron’s.

Ticker:

Back of the envelope, numbers rounded, estimated (disclaimer: I often make simple arithmetic errors).

This will be fascinating.

**********************************
Disclaimer
Brief Reminder 

  • I am inappropriately exuberant about the US economy and the US market.
  • I am also inappropriately exuberant about all things Apple. 
  • See disclaimer. This is not an investment site. 
  • Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
  • Reminder: I am inappropriately exuberant about the US economy and the US market.
  • I am also inappropriately exuberant about all things Apple. 
  • And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
  • Add Palantir to the list, being exuberant about all things Palantir.

Clearing Off The Desktop -- Part 1 -- Vanderbilt Beats #1 Alabama -- October 5, 2024

Locator: 48503ARCHIVES.

Tag: Vanderbilt, Alabama.

Holy mackerel:

Partnerships, vs IPOs, mergers, acquisitions. We've talked about this before.

  • Accenture NVIDIA Business Group -- link here.
  • the new group will help clients lay the foundation for agentic AI functionality
  • Accenture's AI Refinery uses the full NVIDIA stack, including:
  • NVIDIA AI Foundry
  • NVIDIA AI Enterprise
  • NVIDIA Omniverse

Nvidia (NVDA): link here.

Intel (INTC) -- Germany

  • commitment to German plant confirmed;
  • BUT two-year delay
  • link here.

Intel (INTC) -- Raptor Lake crashing nightmare is over. Link here. “Intel now confirms.” Deny, deny, deny.

Mideast:

  • Aramco's second bond sale this year; $3 billion this time.
  • raised $6 billion last July.

Mideast:

  • Nasrallah's successor presumed killed in IDF strike; link here.

Foxconn:

  • beats estimates with record third-quarter revenue on AI demand;

Accelerated AI: NPUs. Wiki.

Unimportant, but fun, link here:

EVs:

However, the study points out that there is a problem: today, most OEMs do not make a profit from the sale of EVs. In fact, these vehicles often cost $12,000 more to produce than comparable vehicles powered by internal combustion engines (ICEs) in the small- to midsize car segment and the small-utility-vehicle segment. 
What is more, carmakers often struggle to recoup those costs through pricing alone. The result: apart from a few premium models, OEMs stand to lose money on almost every EV sold, which is clearly unsustainable. [Well, duh.] Rivian lost $32,705 on every vehicle it produced last quarter.

  • How bad is it? Look what Ford is offering, link here. My hunch, the Ford CFO is not happy.

Wells That I No Longer Track -- Page 19

Locator: 48502B.

From "things that need to be followed up."

Just some housekeeping. This page will be updated as wells are "closed out."

February 21, 2022: 32977, 30, BR, Dodge 3B MBH, 29 stages; 10.1 million lbs, almost all large white, t1/18; cum 307K 11/20; nice well; cum 331K 5/21; cum 344K 11/21; off line 11/21; remains off line 5/22; now IA; back on line 7/22; cum 349K 9/22; cum 350K 11/22; off line;

December 27, 2021: #26216, #26217, #26929 (PA): great wells; needs stand-alone post some day.

December 26, 2021: off line -- 27383, 27384 -- both still off line 8/22; XTO Berquist wells in Garden oil field;. both back on line. 

January 26, 2022: #16771 -- neighboring Hess EN-Rice wells recently fracked; remains off line 8/22; back on line 9/22; nice well; cum 160K 8/24;

December 26, 2021; 27194; EOG, EOR, 27194. Poor production. Cum 175K 8/24.

October 29, 2020
: #21217, four wells will be fracked on either side of this well; a WPX, inside the reservation; 10-fold jump in production; comes back off line 4/21; again; off line for many months, 1/22; back on line, 2/23; not remarkable; cum 178K 8/24;

May 10, 2020: #20803; Palmer 1-25H; a dozen Palmer/Palmer Federal wells recently completed; #20803, with 3,376 bbls over 17 days, 8/20;  declining rapidly to 500 bbls/month; cum 231K 8/24;

April 7, 2020
: #16579; off line; surrounded by not less than six wells that soon to be fracked; huge wells in the area; Dodge wells in Dimmick Lake; remains off line 8/21; back on line 8/21; nice recovery, but no jump in production; off line again, 3/22; 217K 2/23; cum 226K 8/24;

January 30, 2020: #16908 (IA-->AB-->PA), #16180 -- near recently MRO fracked wells; worth following, 6/22; cum 406K 10/22; 413K 2/23; cum 436K 8/24;

January 6, 2020: 

  • 17912, 2,581, Whiting, Sorenson 11-3H, Sanish, t2/10; cum 908K 8/21; went off line as of 4/19; remains off line 10/19; back on line 11/19; cum 915K 1/22; F; cum 920K 6/22; 925K 2/23; cum 931K 8/24; 

November 26, 2019: #17024, #17943, near WPX St Anthony wells in Mandaree oil field; #17024 back on line, okay well; #17943 not back on line, 11/21; back on line 6/22; see this post; off line, again;

October 4, 2019
: #16531; offline as of 8/19; BR; Blue Buttes; remains off line 9/20; now IA; now IAW; back to IA; off line 6/19; remains off line 7/21; back on line 8/21, albeit low production; just returned to production; low production; cum 222K 10/22; off line; PA; 11/22;

 May 18, 2019: see this record-breaking well (#30286); these neighboring wells should report soon: #31447 (PNC), #31449 (PNC), #31444 (PNC):  #31448 (PNC), 31450 (PNC).

 

Enerplus In The Antelope -- Something To Watch -- October 5, 2024

Locator: 48501ENERPLUS.

The wells:

The pad to the north:

  • 37868, loc/loc, Enerplus, Flatiron 152-94-21C-16H-LL, Antelope-Sanish, t--; cum --;
  • 37869, loc/loc, Enerplus, Shoal 152-94-21C-16H, Antelope-Sanish, t--; cum --;
  • 37870, loc/loc, Enerplus, Fjord 152-94-21C-16H, Antelope-Sanish, t--; cum --;
  • 37871, loc/loc, Enerplus, Hogback 152-94-21C-16H, Antelope-Sanish, t--; cum --;
  • 37872, loc/loc, Enerplus, Arroyo 152-94-21C-16H, Antelope-Sanish, t--; cum --;
  • 37873, loc/loc, Enerplus, Barchan 152-94-21C-16H, Antelope-Sanish, t--; cum --;
  • 37874, loc/loc, Enerplus, Cirque 152-94-21C-16H, Antelope-Sanish, t--; cum --;
  • 38588, loc/loc, Enerplus, Queen 152-94-29-32-LL, Antelope-Sanish, t--; cum --;

The older pad to the south:

  • 35068, 1,306, Enerplus, Terrapin 152-94-33D-28H, Antelope-Sanish, t9/19; cum 388K 5/24;
  • 35067, IA/326, Enerplus, Box152-94-33D-28H-TF2, Antelope-Sanish, t9/19; cum 337K 5/24;
  • 35066, 372, Enerplus, Painted 152-94-33D-28H, Antelope-Sanish, t9/19; cum 528K 5/24;
  • 35064, IA/687, Enerplus, Hawksbill 152-94-33D-28H, Antelope-Sanish, t9/19; cum 408K 5/24;
  • 35063, 1,291, Enerplus, Tortoise 152-94-33C-28H-TF1, Antelope-Sanish, t9/19; cum 514K 8/24;
  • 35062, 1,018, Enerplus, Leatherback 152-94-33C-28H, Antelope-Sanish, t9/19; cum 306K 8/24;
  • 35061, PNC/LOC, Enerplus, Aldabra 152-94-33C-28H-TF2, Antelope-Sanish,
  • 35060, PNC/LOC, Enerplus, Loggerhead 152-94-33C-28H-TF1, Antelope-Sanish,
  • 35059, PNC/LOC, Enerplus, Ridley 152-94-33D-28H-TF1-LL, Antelope-Sanish,

The maps (best to look from bottom to top):





A North Dakota Williston Basin Well Drilled In 1996 Goes Over 5 Million Bbls Crude Oil Cumulative -- October 5, 2024

Locator: 48500LODGEPOLE.

The locator number was entirely coincidental! LOL. 

See this post. The lede from that post, May 4, 2019:

Now, one of those wells has gone over the 5 million bbls crude oil cumulative! Not 500,00, but 5,000,000 --- 5 million bbls crude oil:

Updating The Nanette Strommen-Associated MRO Wells In Killdeer Oil Field -- Huge Halo Effects Seen -- October 5, 2024

Locator: 48499MROSTROMMEN.

Updating recent production for these older wells:

  • 17608, 120, MRO, Nanette Strommen 21-13H, Killdeer, t1/09; cum 239K 7/22; cum 295K 8/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20243184538445217976909685230
BAKKEN7-202431862086202553266036316265
BAKKEN6-20243093299328268996856675976
BAKKEN5-202431106871068137701839183587
BAKKEN4-202430764277053332949774600359
BAKKEN3-202422836882886550751044688339
BAKKEN2-20240000000
BAKKEN1-20240000000
BAKKEN12-20230000000
BAKKEN11-20230000000
BAKKEN10-20230000000
BAKKEN9-20230000000
BAKKEN8-20230000000
BAKKEN7-20230000000
BAKKEN6-202319790000
BAKKEN5-20230000000
BAKKEN4-20231353216111221434
BAKKEN3-2023312182187235452118
  •  21960, 1,220, MRO, Vance Strommen 21-13H, Killdeer, t8/12; cum 265K 7/22; cum 334K 8/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20243187188717182668374830536
BAKKEN7-2024311135711360264961068310215433
BAKKEN6-2024301348213478351251116711008125
BAKKEN5-202431142231420750157114031135810
BAKKEN4-202427694569664520849564579359
BAKKEN3-202416374437077311528182589190
BAKKEN2-20240000000
BAKKEN1-20240000000
BAKKEN12-2023002040000
BAKKEN11-20230000000
BAKKEN10-20230000000
BAKKEN9-20231225826225030519344
BAKKEN8-202331754850633899599113
BAKKEN7-20233159749250190164669
BAKKEN6-2023306046174038466620
  •  21959, runs north, 1,200, MRO, Elizabeth Strommen 24-12H, Killdeer, t7/12; cum 289K 7/22; cum 382K 8/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20242586958700126369218914140
BAKKEN7-2024311347613480223311238811845502
BAKKEN6-2024301635216352310271343913248150
BAKKEN5-202431191471912953402152321517213
BAKKEN4-20242711208112625563783437706607
BAKKEN3-2024238106802710438757755300388
BAKKEN2-20240000000
BAKKEN1-20240000000
BAKKEN12-202351756411851688456
BAKKEN11-20233010387666761049632235
BAKKEN10-2023307378601145810401232
BAKKEN9-20231131232616733223634
BAKKEN8-20233197211735081016715113
BAKKEN7-202331980855458102273699
BAKKEN6-20233095710164778937130
BAKKEN5-2023319999905041012572250
BAKKEN4-2023301004989529983690110

The original wells / the parent wells placed in this site on an earlier pad; now three pads sited in that section:

  • 17608, 120, MRO, Nanette Strommen 21-13H, Killdeer, t1/09; cum 239K 7/22; cum 295K 8/24;
  • 21962, IA/793, MRO, Vance Strommen 21-13TFH, Killdeer, t8/12; cum 146K 7/22; off line since 7/24;
  • 21961, runs north, IA/1,084, MRO, Elizabeth Strommen 12-12H, Killdeer, t7/12; cum 187K 7/22; offline since 10/23;
  • 21960, 1,220, MRO, Vance Strommen 21-13H, Killdeer, t8/12; cum 265K 7/22; cum 334K 8/24;
  • 21959, runs north, 1,200, MRO, Elizabeth Strommen 24-12H, Killdeer, t7/12; cum 289K 7/22; cum 382K 8/24;
  • 17509 169, MRO, Nanette Strommen 14-13H, Killdeer, t2/09; cum 216K 7/22; cum 325K 8/24; see below for production.

Since the original post, additional wells and new wells sited in same section:

  • 40025, drl/A, MRO, McKay 11-13H, Killdeer,  t3/24; cum 174K 8/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-202431061111312359269184
BAKKEN7-2024311960619616218761634515632659
BAKKEN6-2024302554425544289811960419326219
BAKKEN5-202431298292985740066227502266119
BAKKEN4-20242942137424926764628563263972065
BAKKEN3-202431465354695710168030248278132023
BAKKEN2-20246975088792094255714897589
  • 40026, drl/A, MRO, Dunrud 11-13TFH, Killdeer,  t3/24; cum 80K 8/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20241527702794141352731270812
BAKKEN7-202431124241242721358100119575403
BAKKEN6-2024301463314632264011128611126126
BAKKEN5-202431168271682635707126951264511
BAKKEN4-2024301605716186328891321512201967
BAKKEN3-202425170731690851439106889830713
  • 17608, 120, MRO, Nanette Strommen 12-13H, Killdeer,  t2/09; cum 295K 8/24; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-20243184538445217976909685230
BAKKEN7-202431862086202553266036316265
BAKKEN6-20243093299328268996856675976
BAKKEN5-202431106871068137701839183587
BAKKEN4-202430764277053332949774600359
BAKKEN3-202422836882886550751044688339
BAKKEN2-20240000000
BAKKEN1-20240000000
BAKKEN12-20230000000
BAKKEN11-20230000000
BAKKEN10-20230000000
BAKKEN9-20230000000
BAKKEN8-20230000000
BAKKEN7-20230000000
BAKKEN6-202319790000
BAKKEN5-20230000000
BAKKEN4-20231353216111221434
BAKKEN3-2023312182187235452118
BAKKEN2-20232821621010633139127
BAKKEN1-20233133943166439132132
BAKKEN12-20223149246111959030459
  • 17509, 625, MRO, Nanette Strommen 41-13H, Killdeer,  t2/09; cum 325K 8/24; recent production:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-202431141381413223879157291559968
BAKKEN7-2024311701017003291561532714655621
BAKKEN6-2024301616316161468711166911504130
BAKKEN5-202431177401777756627127961274611
BAKKEN4-202427345253446710178421095195081513
BAKKEN3-2024218961877142361291118687
BAKKEN2-20240000000
BAKKEN1-20240000000
BAKKEN12-20230000000
BAKKEN11-20230000000
BAKKEN10-20230000000
BAKKEN9-20232234252813637821659
BAKKEN8-20233153863017960834381
BAKKEN7-20233155242815960936864
BAKKEN6-2023305316311695203490
BAKKEN5-202331565634223596289123
BAKKEN4-20233056942819757233262
  • 40290, drl/A, MRO, Grayson 41-13TFH, Killdeer,  t4/24; cum 82K 8/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-202431132051319823923137761366160
BAKKEN7-2024311562215631292381310812536529
BAKKEN6-2024302055120540433761613115902180
BAKKEN5-202431189121890144218135031345012
BAKKEN4-20241913832138014295279037311564
  • 40289, drl/A, MRO, Madsen 41-13H, Killdeer,  t4/24; cum 127K 8/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-202431231552313827363184371828679
BAKKEN7-2024312544225443293741920818374771
BAKKEN6-2024302829328275348431956319287217
BAKKEN5-202426247792478135363165851652014
BAKKEN4-2024202575625699452461389712862987
  • 40288, drl/A, MRO, Bowers 31-13H, Killdeer,  t4/24; cum 119K 8/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-202431162421623323450163801624471
BAKKEN7-2024311899218998280101614515440652
BAKKEN6-2024302319123192418311805317796202
BAKKEN5-202431276452765758074198051972717
BAKKEN4-20242732920328477698417417161221234
  • 40287, drl/A, MRO, Serum 34-12H, Killdeer,  t4/24; cum 143K 8/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-202431200422003625967191401898183
BAKKEN7-2024312502325026371312146120523867
BAKKEN6-2024302872928737409752151321208240
BAKKEN5-202431370153700657837240782398520
BAKKEN4-20242832811327387595022163204821602
BAKKEN3-202410061000
  • 40231, drl/A, MRO, Lillebridge 44-12H, Killdeer,  t4/24; cum 137K 8/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-202430202992028429467180361788778
BAKKEN7-2024312239422394328041859817787750
BAKKEN6-2024302447724488350361944419168217
BAKKEN5-202429333173333064045261272602522
BAKKEN4-2024243919739110917292611324136188
  • 40286, drl/A, MRO, Noreen 44-12TFH, Killdeer,  t4/24; cum 134K 8/24;
oolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-202428175991759622411158831575268
BAKKEN7-2024312289322906294811970918848796
BAKKEN6-2024302996529963434532459624247275
BAKKEN5-202430341333412352097245322443621
BAKKEN4-20241729644295784877119223177701385
  • 40285, drl/A, MRO, Muggli 44-12H, Killdeer,  t4/24; cum 144K 8/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-202431276592763730041222892210596
BAKKEN7-2024313009630092316002305522054926
BAKKEN6-2024303123831225325322280122478254
BAKKEN5-202429305903057738305203822030317
BAKKEN4-20241224741246863444115397142371106
  • 40284, drl/A, MRO, Kellogg 14-7TFH, Killdeer,  t4/24; cum 136K 8/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-2024312667326669339002367623481102
BAKKEN7-20243135058350555004928328270941141
BAKKEN6-2024303712837097512872860028195319
BAKKEN5-202430292992925052996202862020717
BAKKEN4-20247741874021638550494666365