The Million Dollar Way (The Bakken Oil Blog): 02/21/25

Friday, February 21, 2025

"Seasonal Flu": Numbers Dropping Fast -- February 21, 2025

Locator: 48408FLU.

West Texas measles outbreak: one of the worst outbreaks in in thirty years. Began in a community that does not vaccinate. That's what's being reported on nightly news. I don't know. Just reporting the news.

Now, back to "seasonal flu."

"Seasonal flu": numbers dropping fast. Link here.

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The Book Page

These are the books I'm reading right now. For the archives.

Case -- February 21, 2025

Locator: 48407B.

The NDIC case: (the March, 2025, hearing dockets, here).

The maps:

Note: the existng producing wells are operated by CLR. The new locations will be operated by BR.

There are already seven locations in these four sections, but this four-section drilling unit is a new drilling unit and thus a total of 16 new wells will join the plan for the existing seven locations, putting 23 wells in this four-section area, but with three different drilling units: two 1280-acre units; and one 2560-acre unit.

The producing wells:

18472, 364, CLR, Muri 1-27H, Elidah, t3/10; cum 207K 12/24;
19357, 441, CLR, Sandie 1-28H, Elidah, t3/10; cum 214K 12/24;

The current locations:

36698, conf, BR, Sanmuri 4B-UTH-ULW, Elidah, t--; cum --;
36699, conf, BR, Muri 1A-MBH, Elidah, t--; cum --;
36700, conf, BR, Muri 2A-MBH, Elidah, t--; cum --;
36701, conf, BR, Muri 2D-UTH, Elidah, t--; cum --;
36702, conf, BR, Muri 2E-MBH, Elidah, t--; cum --;

The sixteen new locations: TBD.

Nine New Permits -- February 21, 2025

Locator: 48406B.

WTI: $70.40.

Active rigs: 29. As low as I've ever seen -- at least in. a very, very long time.

Nine new permits, #41632 - #41640, inclusive:

Operators: BR (4); Hess (4); Neptune Operating
Fields: Haystack Butte, McKenzic County; Truax, Williams County; and, Briar Creek, Williams County.
Comments:

Neptune Operating has a permit for a Foster well, lot 3, section 4-152-104,

to be sited 435 FNL and 1892 FWL. Confidential.

Hess has permits for four SC-Mari wells, NWNW 22-153-98,

to be sited 322 / 224 FNL and 507 / 514 FWL; A

BR has permits for four HBU Badlands wells, SWNE 24-148-98,

to be sited 1883 / 1945 FNL and 2533 / 2480 FEL. Confidential.

One producing well (a DUC) reported as completed:

36838, 1,876, XTO, HBU Muller 31X-12A, Williams County;

The March, 2025, NDIC Hearing Docket

Locator: 48405B.

Link here.

March 2025, hearing dockets.

March 26, 2025.

March 27, 2025.

The NDIC hearing dockets are tracked here.

As usual this is done very quickly and using shorthand for my benefit. There will be factual and typographical errors on this page. Do not quote me on any of this. It's for my personal use to help me better understand the Bakken. Do not read it. If you do happen to read it, do not make any investment, financial, job, relationship, or travel plans based on anything you read here or think you may have read here. If this stuff is important to you, and I doubt that it is, but if it is, go to the source. These are cases, not permits.

Wednesday, March 26, 2025
Link here.
8 pages.

These are cases, not permits.

The cases:

31559, BR, Elidah-Bakken, establish an overlapping 2560-acre unit, 16 wells on that four-section drilling unit! McKenzie County: see this post.
31560, BR, Elidah-Bakken, i) terminate an overlapping 2560-acre unit; ii) retain two 1280-acre units but reduce the section line setbacks, McKenzie County.
31561, BR, Elidah and/or Twin Valley Bakken; i) terminate an overlapping 2560-acre unit; and ii) retain the two 1280-acre units, but reduce the section line setbacks, McKenzie County;
31562, BR, amend Dimmick Lake-Bakken, i) terminate an overlapping 2560-acre unit; ii) retain the two 1280-acre units but reduce the setbacks; McKenzie County.
31563, BR, Jim Creek-Bakken, amend, i) terminate an overlapping 3840-acre unit; ii) retain the two 1920-acre units but reduce the setbacks; Dunn County;
31564, BR, Jim Creek-Bakken, amend, i) terminate an overlapping 2560-acre unit; retain the two 1280-acre unit but reduce the setbacks; Dunn County;
31565, Whiting, Foreman Butte and/or Pronghorn-Bakken, i) terminate two overlapping 2560-acre units; ii) establish an overlapping 5120-acre unit; one well; McKenzie County
31566, Hess, Big Butte-Bakken, establish an overlapping 2560-acre unit; one well; Mountrail County
31567, Hess, Cottonwood-Bakken, amend, establish an overlapping standup 1920-acre, five wells, Mountrail
31568, Hess, Ross-Bakken, amend, establish an overlapping standup 2560-acre unit; five wells; Mountrail
31569, BR, Jim Creek-Bakken, amend, seven wells on each of two 1920-acre units; Dunn County
31570, BR, Elidah-Bakken amen, nine wells on a sing 1280-acre unit; McKenzie
31571, BR, pooling
31572, BR, pooling
31573, BR, commingling
31574, Oasis, commingling
31575, Oasis, commingling
31576, Whiting, pooling
31577, Whiting, commingling
31578, Hess, pooling
31579, Hess, pooling
31580, Hess, pooling
31581, Hess, commingling
31582, Hess, commingling
31583, Hess, commingling

Thursday, March 27, 2025
Link here.
11 pages.

These are cases, not permits.

The cases:

31584, CRL, Border-Bakken and/or Stoneview-Bakken, create two overlapping 1920-acre units, one well on each; Burke County;
31585, CLR, Stoneview-Bakken, Viking-Bakken, and/orNorth Tioga-Bakken, create i) an overlapping 1920-acre unit; one well; ii) three overlapping 3840-acre unit, two wells, Burke and Divide counties.
31586, CLR, Dollar Joe-Bakken, create i) an overlapping 1920-acre unit; three wells; ii) an overlapping 3840-acre unit, one well, Williams County;
31587, CLR, Sanish-Bakken and/or Four Bears-Bakken, establish two overlapping 2560-acre units; one well between the two; McKenzie / Mountrail;
31588, Devon, Squires-Bakken, create two overlapping 1920-acre unit; four wells on each unit; Williams County.
31589, Koda Resources, flaring, Daneville-Bakken, Divide County.
31590, Zavanna, Glass Bluff-Bakken, amend, i) establish an overlapping 1920-acre unit; four wells; ii) establish an overlapping 3840-acre unit, one well, McKenzie
31591, Neptune Operating, Arnegard-Bakken, specific well setback, McKenzie
31592, WGO, create a 320-acre unit, one well, Golden Valley County;
31593, Formentera Operations, Black Slough-Bakken and/or Foothills-Bakken, amend, establish an overlapping 1920-acre; six acres; Burke County
31594, Formentera operatioins, Baukol Noon-Bakken and/or Noonan-Bakken, amend, establish a 1920-acre unit; six wells; Divide County;
31595, Zavanna, commingling
31596, Zavanna, commingling
31597, CLR, pooling
31598, CLR, pooling
31599, CLR, pooling
31600, CLR, pooling
31601, CLR, pooling
31602, CLR, pooling
31603, CLR, pooling
31604, CLR, pooling
31605, CLR, pooling
31606, CLR, pooling
31607, Devon, pooling
31608, Devon, pooling
31609, Formentera Operations, pooling
31610, Formentera Operations, pooling
31611, Formentera Operations, pooling
31612, Formentera Operations, pooling
31613, Formentera Operations, pooling
31614, Formentera Operations, pooling
31615, Formentera Operations, pooling
31616, Formentera Operations, pooling
31617, Formentera Operations, pooling
31618, Formentera Operations, pooling
31619, Formentera Operations, pooling
31620, Koda Resources, pooling,
31621, Rockport Energy, SWD
31622, Hunt, SWD

TGIF -- February 21, 2025

Locator: 48600B.

Again: three words -- Victor Davis Hanson. A whole "level" "greater" than Rush.

The buzz -- headline and some links. It doesn't take a weatherman to know which way the wind is blowing.

United: #1 among the airlines for DEI. Toronto. United. 'Nuf said.

Apple: Tim Cook tells Trump he is moving (some of) his manufacturing from Mexico to the US.

Apple: submits to UK demands. Apple won't put best encryption tools into iPhones headed to Britain.

MMFs: my favorite chart. Contributions decreased by $8.55 billion in most recent week. Link here.

Battery factory: shut down in Austin? Link here.

Scrapped plans to build a $2.6 billion battery energy storage system factor in Georgia. FRER Battery (NYSE: FREY) rebranded as T1 Energy (NYSE: TE). Pivot: "committed to becoming a vertically integrated US soalr _ battery storage leader from its new corporate headquarters in Austin, TX. " The company expects to begin trading under its new symbols on March 3, 2025.

"Seasonal flu": numbers dropping fast. Link here.

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Back to the Bakken

WTI: $70.92. Trump administration hints sanctions on Russia could ease.

New wells:

Sunday, February 23, 2025: 46 for the month, 91 for the quarter, 91 for the year,

40429, conf, Grayson Mill, Alfred North 17-15 5H,
40369, conf, Enerplus, LK Erickson 147-97-11-2-8H,
39829, conf, Hess, EN-Meiers-154-93-1324H-4,
38669, conf, Petro-Hunt, USA 153-95-3A-33 3H,

Saturday, February 22, 2025: 42 for the month, 87 for the quarter, 87 for the year,

39955, conf, Hess, EN-Wefald-LE-156-94-2413H-1,
39942, conf, Koda Resources, Stout 2032-6BH,
38670, conf, Petro-Hunt, USA 153-95-3A-33 2H,

Friday, February 21, 2025: 39 for the month, 84 for the quarter, 84 for the year,

40437, conf, Enerplus, Icon 150-94-06B-18H,
39941, conf, Koda Resources, Stout 2032-5BH,
38671, conf, Petro-Hunt, USA 153-95-3A-33 1H,

RBN Energy: global refining capacity expected to grow at slowest pace in 30 years.

Globally, government policies have shifted away from petroleum in recent years toward lower-carbon alternatives such as renewable fuels and electric vehicles (EVs), largely driven by worries about climate change. This has pushed down investment in petroleum refining, and RBN’s Refined Fuels Analytics (RFA) practice predicts global net refining capacity will increase by only 2.1 MMb/d, or 422 Mb/d annually, from 2025-29 — the slowest rate in 30 years. In today’s RBN blog, we’ll discuss the upcoming refinery closures, proposed projects, and the obstacles new and existing refiners face.