Wednesday, November 27, 2024

Enerplus Bice Wells Being Reported -- November 27, 2024

Locator: 44442B.

The well:

  • 39148, F/A, Enerplus, LK Bice 147-96-6-31-5H, t6/24; cum 367K 9/24; full production profile:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20242815758153051003549369492970
BAKKEN8-20243113724138121014244972449170
BAKKEN7-20242814948149341096334097340400
BAKKEN6-20242212027119801012233044330030
BAKKEN5-20242919295192811357053938538700
BAKKEN4-20243022320223031376951865517830
BAKKEN3-20242521318213131410341197411330
BAKKEN2-2024292493324952157015117650855273
BAKKEN1-20242319250192161361132535324790
BAKKEN12-202331252862533816145414634132686
BAKKEN11-20233026218263011730243166431220
BAKKEN10-2023312837328282193154390043110745
BAKKEN9-202330329613286123369502865017558
BAKKEN8-2023222784627778165264110340819235
BAKKEN7-2023314933149325338177438874168132
BAKKEN6-20231013511135071608521193182462932
BAKKEN5-20230000000

WPX North John Elk Wells / Bull Moose Wells Being Reported This Week -- November 27, 2024

Locator: 44441B.

The wells:

  • 39697, F/A, WPX, North John Elk 28-27HW, Reunion Bay, t--; cum 239K 9/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20242510134101481026422746227460
BAKKEN8-2024311417614176121103023829678560
BAKKEN7-2024311668116681136282797226994978
BAKKEN6-202430216592171915974334223340616
BAKKEN5-2024313311833145195724477044606164
BAKKEN4-2024303926039233185413694136793148
BAKKEN3-2024273555235507214322901328895118
BAKKEN2-2024212142621396190801772417002722
BAKKEN1-20242446890467684552434371343647

Other wells on the pad:

  • 39696, F/A, WPX, North John Elk 28-27HL, Reunion Bay, t1/24; cum 223K 9/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20243013881138637628348083477038
BAKKEN8-20242212196122588513200081993276
BAKKEN7-20243118018180161035525574255740
BAKKEN6-2024201171611662777118552185520
BAKKEN5-2024312620826385152634415043374776
BAKKEN4-2024303344433219185174267641980696
BAKKEN3-2024314181541732168384222742061166
BAKKEN2-202424264112670217528252372519146
BAKKEN1-20242439472389972895035729357290
  • 39698, F/A, WPX, North John Elk 28-27HB, Reunion Bay, t1/24; cum 290K 9/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-2024301481314809931423737237370
BAKKEN8-2024311822518228998828958289535
BAKKEN7-20243121786217821193233739337390
BAKKEN6-20243027704276701475833251332438
BAKKEN5-202422237782385814871245812454140
BAKKEN4-2024293878538761304563685836243615
BAKKEN3-20242935475356334008431908319080
BAKKEN2-20242950015498143512240846394881358
BAKKEN1-202423599045974836693461734615320
  • 20493, 1,099, WPX, North John Elk 28HC, cum 235K 9/24; jump in production;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202422111511199749885260
BAKKEN8-2024126336344956253830
BAKKEN7-202430301729461469314625200
BAKKEN6-202430346233802032319125710
BAKKEN5-20245162029132200
BAKKEN4-20240000000
BAKKEN3-20240000000
BAKKEN2-20240000000
BAKKEN1-20240000000
BAKKEN12-20230000000
BAKKEN11-20230000000
BAKKEN10-20230000000
BAKKEN9-20230000000
BAKKEN8-20230000000
BAKKEN7-20230000000
BAKKEN6-20230000000
BAKKEN5-202331000000
BAKKEN4-202330000000
BAKKEN3-2023196407562546792753
BAKKEN2-202328818829246620420
BAKKEN1-20232273574515945000
BAKKEN12-2022313072676823000
BAKKEN11-20223058960711851500

A pad sited in the same section, to the southeast:

  • 39722, drl/A, WPX, Bull Moose 28-27HZ, Reunion Bay, t2/24; cum 225K 9/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20242711306113281042722035220350
BAKKEN8-20243117047170231293832148321480
BAKKEN7-20243123213232251729034738347380
BAKKEN6-2024252680726775168794263142384247
BAKKEN5-2024313598236011252994304742351696
BAKKEN4-2024303879338865325834084040242598
BAKKEN3-2024283177931842316353241532147268
BAKKEN2-20242340189398953762237308359701338
  • 39723, drl/A, WPX, Bull Moose 28-27HF, Reunion Bay, t2/24; cum 228K 9/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20242916034160311211229806298060
BAKKEN8-20243020845207531233635532355320
BAKKEN7-20242518524185031235724321243210
BAKKEN6-202418162941632495072585825623235
BAKKEN5-2024313536135408207264728946520769
BAKKEN4-2024304246442556273194486944230639
BAKKEN3-2024283649636539290433781737520297
BAKKEN2-20241842212419023635537286351392147
  • 39724, drl/A, WPX, Bull Moose 28-27HY, Reunion Bay, t2/24; cum 279K 9/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20242412871129061228818380183800
BAKKEN8-20243020389203501378636856368560
BAKKEN7-20243126119261281613743730437291
BAKKEN6-2024282931729237183243510034961139
BAKKEN5-2024242654126612191443187731229648
BAKKEN4-2024304072740837309194332242642680
BAKKEN3-2024313784837869336063963439319315
BAKKEN2-20241940565402683355630285285901695

39725,

39726,

39727,

39728,

Preparing For The End Game -- Part 1 -- November 27, 2024

Locator: 44440ARCHIVES.

I'm in the process of "cleaning house," one last time. Seriously.

Getting rid of everything we will never need, and stuff that the extended family will never use, need or want.

But it's incredibly difficult to get rid of stuff.

I was trying to figure out why that was true. Why it's so difficult to get rid of stuff that no one in the extended family will ever use.

I now have a process. If we're not going to ever use it again, and our two daughters and their children will never use it, it's time to throw it out.

Easier said than done. Why is that?

Because when you throw out something, anything, you are throwing out memories, and for those who wear nostalgia on their sleeves, like me, it's almost impossible to throw anything out.

But I've found a 75% solution. It works 75% of the time but there are still some things I cannot toss.

For 25% of the stuff I can't throw out, I store it in the Bat Cave. It not used for a year while stored in the Bat Cave it goes in to the garage. If not used after it's been in the garage for a year, it can be tossed. 

And there's still one more trick. To be discussed later.

As a aside: taking this to the extreme. I cannot get rid of perfectly good cars no matter how old they are, as long as they are in perfect running condition. We have a 2005 Chrysler minivan with about 110,000 miles in perfect condition; a 2007 Chrysler minivan with about 140,000 miles, also in perfect condition; and, finally a 2012 ( bought in 2011) Honda Civic with about 140,000 miles, also in perfect condition. And I can't get rid of them. I assume I will drive about 5,000 miles total this year, spread across those three cars. When we take long weekend trips or cross-country trips we rent from Enterprise. 

Next summer, one last cross-country trip and we'll buy a new car by then, specifically for that trip. The trip will last several weeks and an Enterprise rental would not be worth it. I'm planning to be gone several weeks, maybe two months, and then having my wife and Sophia fly into various airports to meet me for a few days during that long cross-country trip. Neither can handle a month-long cross country trip but flying into an airport every so often and touring the local area before returning home. Sounds exciting. 

We probably won't do that, but I'm planning all the same. 

****************************
Alfred Hitchcock

Tonight I was in the mood for a bit of Hitchcock.

I went to Amazon Prime and clicked on "my stuff," and then clicked on North By Northwest.

I have about a dozen movies in "my stuff" that I've "bought" (not rented) from Amazon Prime. They range in price from $4.99 to $14.99 or thereabouts. 

One of the best things I ever did.

The only movie I really, really, really want that I haven't bought yet: Tinker, Tailor, Soldier, Spy. Just a matter of time. 

Yes, I have Citizen Kane

*************************
Southwest Airlines

Link here.

I've never understood the "fascination" with LUV.

The price for a flight to Portland, OR, on LUV (Southwest Airlines) is not all that different than the price I would pay for an American Airlines flight.

LUV has not direct flights to PDX. At best, one layover. The shortest duration for the entire tip from DFW to PDX is something less than a full nine hours.

AA has several non-stop flights everyday from DFW to PDX. Less than four hours.

And, as noted, the difference in price between the AA flight and the LUV flight is not all that great. 

I can leave DFW at around 8:00 a.m. and be in Portland before 11:00 a.m., local time.

But on SWA (LUV), it's a nine-hour flight, with at least one layover.

Six New Permits And Not Much Else -- November 27, 2024

Locator: 44439B.

It's going to be another Lana del Rey night: years ago I was driving cross country. I was going crazy. I needed something and the radio was not providing what I needed. 

When I reached Rapid City, SD, I pulled off the highway to stop at a Target -- and then proceeded to buy three Lana Del Rey CDs, which I played non-stop for the next 2,000 miles or 24 hours or whatever it was. I'm in that same mood tonight.

But I'll start with a non-Lana Del Rey song/video that is my all-time favorite, also from a cross-country trip.

Link here.

It brings back so many memories of so many "first" loves. Boston (1); Los Angeles (2); England (1).

The worse thing about YouTube / the best thing about YouTube: once you get into a YouTube loop, you can't get out. Not entirely true, but IYKYK. 

Next summer: a cross-country trip, without question. I'm already starting to put it together. I don't plan for it to be my last but I'm planning it as if it's my last. Lana Del Rey: "We were born to die."

Lest we forget: 2024 presidential results, Kamala Harris Donald Trump. The spin gets tedious.

  • electoral votes: 226 for Kamala Harris -- the worst showing for a Democrat since 1988
  • swing states: 0
  • most expensive campaign ever? $1.5 billion

Tomorrow: triple header, NFL, including the Dallas Cowboys!

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

WTI: $68.82.

Active rigs: 35. Is winter starting to set in the  Bakken?

Six new permits, #41375 - #41380, inclusive:

  • Operators: CLR, Petro-Hunt, and Enerplus
  • Fields: Brooklyn (Williams); Tioga (Mountrail); and, Little Knife (Dunn County)
  • Comments:
    • Enerplus has a permit for a Hamilton well, lot 4, section 2-145-97, 
      • to be sited 555 FNL and 962 FWL;
    • Petro-Hunt has permits for two Hoiby wells, lot 4, section 4-158-94, 
      • to be sited  760 FNL and 266 FWL; and 795 FNL and 266 FWL;
    • CLR has permits for three Bismark wells, SWSE 9-155-98, 
      • to be sited 245 FSL and at the following distances FEL, 2025, 1993, and 1961.

Three permits renewed: Murex, Iner Skari, Laura Skari, and Vernon E. Skari, Sandrocks, McKenzie.

Unemployment -- Update -- November 27, 2024

Locator: 44439JOBS.

Link here

South Dakota: lowest. 

North Dakota: not far behind.

Highest? Nevada and California.

Direct Air Capture (DAC) -- Every Time You Turn Around -- We Find More Demand For Electricity (Coal, Natural Gas) -- November 27, 2024

Locator: 44438DAC.

Large data centers are killing other start-ups. Not enough electricity to go around and promoters of large data centers have deep pockets to sign long-term contracts.

From Bloomberg:

Artificial intelligence data centers need so much clean energy that nascent industries trying to buy carbon-free power just can’t compete.

A case in point is direct air capture, a technology that sucks carbon dioxide out of the atmosphere. Earlier this year, the company building the largest DAC project in the US scrapped plans for the Wyoming facility, bemoaning the battle to get electricity to run it.

“We’ve seen growing competition for clean power amongst industries that are emerging much faster than anybody would have ever predicted,” Adrian Corless, chief executive officer of CarbonCapture Inc., said at the time. The firm will now try to relocate the project to another state.

The company said it had been in talks with PacifiCorp’s Rocky Mountain Power for years to secure energy. [Owned by Warren Buffett's Berkshire Hathaway.]

Only recently did the utility say there was no longer a spot available in its interconnection queue.

“I’m not going to totally blame them,” Patricia Loria, CarbonCapture’s head of business development, said in an interview. Large data centers, known as hyperscalers, are better-funded and able to sign long-term agreements, she said.

By contrast, CarbonCapture is a startup working on a novel technology with no guarantee of success.

PacifiCorp said it’s “seen a significant increase in load requests from large customers” but insisted “we treat all customers fairly.”

The US Energy Department and companies such as Occidental Petroleum Corp. and BlackRock Inc. are planning to spend billions of dollars to scale up DAC. But it’s becoming clear there isn’t enough clean electricity for the technology — a notoriously energy-intensive process — on today’s grid, especially now that AI is on the scene.

Stymieing direct air capture is a setback for global climate efforts. Scientists estimate we’ll need to remove billions of tons of CO2 from the atmosphere annually by midcentury to meet the Paris Agreement’s goal of keeping global warming to 1.5C or 2C.

“If energy systems stay the way they are today, then there’s no way we can meet 1.5C,” Loria said.

Cold -- Europe -- November 27, 2024

Locator: 44437EUROPE.

From Bloomberg

Elsewhere: European LNG stocks declining precipitously.

PCE -- The Fed's Favorite Inflation Number -- November 27, 2024

Locator: 44436INFLATION.

Income: doubled. Solid number.

Spending: as expected, another strong number.

Real spending: also good.

Price index, m/m: in line.

Price index, y/y: in line. Okay, but not necessarily a great number.

PCE -- core, m/m: in line. Okay, but not necessarily a great number.

PCE -- core, y/y: in line. Okay, but not necessarily a great number. 2.8% vs 2.7% estimated.

What does the market think: three major indices might be slightly lower, but not particularly remarkable.

Sarah Eisen:

  • in line
    • inflation: 2.3%
    • core: 2.8%
    • it is what it is
  • will the Fed still likely cut in December? Yes.
  • economy doing well: healthy spending and income coming in double what was expected

MRO's Monster Wells -- Reunion Bay -- This Past Year -- November 27, 2024

Locator: 44434MRO.

MRO acquired by COP this past year.

One year ago, these new MRO permits, see below.

MRO: Ashley-Bonnie-Linder-Newman-Reinhold-Rogers -- A-B-L-N-2R -- Betty Lou - Dawson - Duane - Gladheim - Laverne - Lillian -- B-2D-G-2L-O -- August 17, 2023.

 From that post:

Based on the application for the Ashley USA well, these wells will be 1600-acre spaced wells, sections 5/6-151-93; and E/2 section 1-151-94. 

The wells:

  • 40129, Ashley
  • 40130, Bonnie
  • 40131, Newman
  • 40132, Rogers
  • 40133, Linder
  • 40134, Reinhold

********************
Seven Wells North Of These New Permits

The wells, MRO - B-2D-G-2L-O

  • 37834, loc, MRO, Betty Lou USA 14-33TFH, Reunion Bay,
  • 37835, loc, MRO, Laverne USA 14-33H, Reunion Bay,
  • 37836, loc, MRO, Duane USA 24-33TFH, Reunion Bay,
  • 37837, loc, MRO, Lillian USA 24-33H, Reunion Bay,
  • 37838, loc, MRO, Dawson USA 24-33TFH, Reunion Bay,
  • 37389, loc, MRO, Gladheim USA 34-33H, Reunion Bay,
  • 37840, loc, MRO, Olive USA 34-33TFH, Reunion Bay, 

**********************************
Updates

Production data for the older wells to the north:

  • 37834, loc/A, MRO, Betty Lou USA 14-33TFH, Reunion Bay, t--; cum 96K 9/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202429300873013537300331723309110
BAKKEN8-2024286608565990689976490664605188
  • 37835, loc/A, MRO, Laverne USA 14-33H, Reunion Bay, t--; cum 123K 9/24; extrapolates to 69,291 bopd crude oil over 30 days; followed by 83,903 bopd crude oil over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202430283702843926205457704565515
BAKKEN8-202429784907844457256102421101935303
BAKKEN7-2024716168161011357419357182521034
  • 37836, loc/A, MRO, Duane USA 24-33TFH, Reunion Bay, t--; cum 92K 9/24; extrapolates to 113,044 bopd crude oil over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202428209492098136728345963450911
BAKKEN8-2024274456544610555816781667492202
BAKKEN7-2024726377262682689332239303961725
  • 37837, loc/A, MRO, Lillian USA 24-33H, Reunion Bay, t--; cum 98K 9/24; extrapolates to 105,473 bopd crude oil over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202430223152234429453360753598412
BAKKEN8-2024304415044217369444744247220138
BAKKEN7-2024931642315112684931513297501650
  • 37838, loc/A, MRO, Dawson USA 24-33TFH, Reunion Bay, t--; cum 87K 9/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202430201022012224864400123991113
BAKKEN8-2024293564435723404395792857650173
BAKKEN7-20241431437313074122830567288631595
  • 37839, loc/A, MRO, Gladheim USA 34-33H, Reunion Bay, t-- cum 110K 9/24; extrapolates to 79,568:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202430249042491815611359433585411
BAKKEN8-2024283698737131284164693046707139
BAKKEN7-2024184774147544479135648953270301
  • 37840, loc/A, MRO, Olive USA 34-33TFH, Reunion Bay, t-- cum 65K 9/24:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202430249752497444074437734366314
BAKKEN8-2024312651726533602944465444439134
BAKKEN7-2024171314413090420531375912986724

Now the production data for the more recent wells:

  • 40129, drl/A, MRO, Ashley USA 43-5H, Reunion Bay, t--; cum --;
  • 40130, drl/A, MRO, Bonnie USA 42-5TFH, Reunion Bay, t--; cum 25K 9/24; extrapolates to 62,208 over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202412248832482724147396013948537
  • 40131, drl/A, MRO, Newman USA 42-5H, Reunion Bay, t--; cum 62K 9/24; extrapolates to 80,984 over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202423620886194836575883768811883
  • 40132, drl/A, MRO, Rogers USA 42-5TFH-2B, Reunion Bay, t--; cum 80K 9/24:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202430803578017656041913659110484
  • 40133, drl/A, MRO, Linder USA 41-5H, Reunion Bay, t--; cum 100K 9/24:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20243094588945105883210437010407296
BAKKEN8-20241510149661888387238580
  • 40134, drl/A, MRO, Reinhold USA 41-5TFH-2B, Reunion Bay, t--; cum 76K 9/24:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-202430506215116765302642996411360
BAKKEN8-2024624996243362417327292271882