Slawson Reports Three Completed DUCs; Enerplus With Four New Mikey Wells -- February 7, 2025

Locator: 48505B.

Eggs: I've never hoarded eggs but local grocers in north Texas (DFW area) are starting to impose limits so now I make sure we have enough eggs. I've never had more than two 12-dozen eggs in my fridge at one time; now trending toward four dozen at all times. Current price running about $4.89 / dozen. 

Opening comment: the GOP is going to have quite a strong field of contenders for the 2027 / 2028 presidential primary season. SecState Marco Rubio  is going to get a lot of exposure. Pam Bondi could be in the mix. SecDOT and SecDEF will get a lot of exposure. I'm impressed.

USAID: a federal judge ways he will issue a "short pause." Not a problem. Once these folks serving overseas find themselves with no US support, regardless of the legal rulings, they won't hang around for long.

"Sanctuary cities": get out the popcorn. Once the word gets out there are five sanctuary cities of choice -- Denver, NYC, Chicago, San Francisco, Boston -- Greyhound will have to add more buses. 

Supreme Court Justice Sonia Sotomayor: no one is above the law ...  except of course, the dozens of family members and friends that President Biden pardoned during Trump's inauguration. LOL. And most of those folks had not even been officially charged with any crime.

Echo chamber: the Dems. It gets tedious. Theater. 

SPOT: EPD, update. Link here. Up today. Up nicely this past year. Pays 6.5%. 

Enterprise Products Partners (EPP) LP’s 2-million b/d Sea Port Oil Terminal (SPOT) offshore crude export project lacks sufficient customer interest and may be cancelled. Enterprise received its US Maritime Administration license for SPOT last year and been targeting 2027 startup (OGJ Online, Apr. 10, 2024).

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

Released from confidential list today:

• 40438, drl/A, Enerplus, Strength 150-94-06B-18H, t8/24; cum 103K 12/24;
  

ool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2024	31	17436	17419	15334	40764	40463	301
BAKKEN	11-2024	30	25496	25749	24052	46752	46277	475
BAKKEN	10-2024	26	14224	14176	13119	22870	20984	1611
BAKKEN	9-2024	30	24252	24287	20954	37896	37009	336
BAKKEN	8-2024	16	21489	21073	14506	37761	36906	403
BAKKEN	7-2024	2	0	0	915	1157	0	1157

WTI: $71.00.

Active rigs: 34.

Four new permits, #41597 - #41600, inclusive:

• Operator: Enerplus (Chord Energy)
• Field: Strandahl (Williams)
• Comments:
• Enerplus has permits for four more Mikey wells (NDIC announced six Mikey permits yesterday; this now makes ten new Mikey wells); NENW 25-157-102, 
• to be sited 380/281 FNL and 1338 / 1443 FWL.

Two permits renewed:

• Neptune: two Foster permits, Briar Creek, Williams County.

Four producing wells (DUCs) reported as completed:

• 36270, 1,764, BR, George-Lillibridge 4C MBH-ULW, McKenzie County;
• 40459, 179, Slawson, Snakeeyes 7-20-29H, Mountrail County;
• 40460, 378, Slawson, Snakeeyes 6-20-29H, Mountrail County;
• 40561, 842, Slawson, Payara 5SLTFH, Mountrail County;