Did That Name Sound Familiar? March 18, 2025

Locator: 48528BOASBERG.

Venezuela:

DAPL:

*****************************
Not Judge Boasberg

Photo by Sophia.

Answering A Reader's Question -- March 18, 2025

Locator: 48527PORTER.

A reader wrote me with a question regarding minerals from the two wells noted below.

The Porter XE well:

• #39720, Porter 25-36 XE:
• spacing unit: 2560-acre spacing unit
• sections 25 / 26 / 35 / 36 - 151 - 101

The LA-Lily Anne well:

• #40943, LA-Lily Anne 25-36H MB,
• spacing unit: this well is still confidential but I'm 99.999% sure the spacing unit:
• spacing unit: 1280-acre unit
• sections 25 / 36 - 151 - 101

Permit application for the Porter 25 - 36 XE well, with 2560-acre (four-section) spacing:

A reader writes:

I have mineral rights that are in the spacing of the Porter Well that shares in the royalties - wouldn’t that logically follow that those rights would also participate in the La-Lily Anne 25-36H? 

I have been going back and forth with the ND Oil & Gas website map of the Porter well and the Driller’s Edge map of the La-Lily Anne well, and can’t see why...

The reader did not provide any additional information.

If the above is accurate, this is the explanation:

The writer has mineral rights in section 26 - 151 - 101 and possibly/probably other sections but does NOT have mineral rights in section 25 -151 - 101. That happens all the time. The original homesteader owned mineral rights in one section but not the adjoining section.

So, again, repeating, the writer has mineral rights in section 26 - 151 - 101 (and possibly/probably other sections to the north or south) but does NOT have mineral rights in section 25 - 151 - 101.

The Porter 25-36 XE well (#39720) is a section line well, that has spacing for four sections (sections 25 / 26 / 35 / 36 - 151 - 101). Because the reader has mineral rights in section 26 - 151 - 101 he receives royalties from the section line well, with four-section spacing. [It does not matter on which side of the section line the horizontal runs.]

However, the LA-Lily Anne well (still confidential, so this is conjecture, but I'm 99.999% sure I'm correct) is spaced for sections 25 / 36 151 - 101. The reader does not have minerals in either of those sections and thus will not receive royalties from that Porter well.

The maps:

Hopefully this first graphic isn't too complicated. The "blue stars" are the four sections in the Porter XE line section well in the 2560-acre / four-section spacing unit.

The "pink stars" are the two sections in the LA-Lily Anne 1280-acre / two section spacing unit.

I think that's all that's needed but below: two screenshots of the same spacing unit, the 25 / 36 - 151 - 101 (1280-acre, two-section) spacing unit. The top screenshot with without the "big box." The bottom screenshot with the "big box" / "description" of the LA-Lily Anne well.

I will post this for the reader; it will benefit others with the same question.

If it turns out, I am wrong, and the reader has minerals in section 25 - 151 - 101 or section 36 - 151 - 101, then the reader should be getting royalties from this new LA-Lily Anne well. 

Disclaimer: I often make typographic and content errors. I often misread things. I think the above is accurate based on the information I am provided (at least one well of interest is still on confidential status). If I've made any mistake, I'm sure readers will let me know. LOL.

Casino Coming To Dallas? Very Unlikely, But Lots Of Talk -- March 18, 2025

Locator: 48526ARCHIVES.

For the archives.

Suni Returns Safely -- What An Incredible Story -- March 18, 2025

Locator: 48525B.

March Madness: two "play-in" games tonight. If you like commercials, tune in! This is when multiple screens are a must!

Texas re-location: NASDAQ-lite and Chicago's NYSE branch -- Dallas --

• both to move a portion of their operations to the Dallas, Texas, area
• NYSE Chicago is expected to be reincorporated as NYSE Texas; electronic trading "24/7"?

Again, SpaceX was responsible for both lift-off/launch and return to earth/recovery. That would be Musk's company. My hunch: quite a celebration inside the Oval Office.

• for more on SpaceX Dragon 2, link here.

Crew Dragon's primary role is to transport crews to and from the ISS under NASA's Commercial Crew Program, a task handled by the Space Shuttle until it was retired in 2011.

It will be joined by Boeing's Starliner in this role when NASA certifies it. [Fourteen years and still not certified?]

Crew Dragon is also used for commercial flights to ISS and other destinations, and is expected to be used to transport people to and from Axiom Space's planned space station.

Quick!

• name the CEO of Boeing!
• name the Director of NASA!
• name the CEO of SpaceX!

Posted on x:

• 57 days: Trump
• 26 days: Kash Patel -- extradites one of FBI's "Ten Most Wanted." Did that make the NBC Nightly News tonight? I don't think so. If so, I missed it. By the way, in a presser (either today, or yesterday) President Trump refused to take a question from an NBC reporter  -- saying the network is "so discredited."
  

Incredibly bad timing: link here. What is it with our political leaders?

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

WTI: $66.90.

Active rigs: 30.

Four new permits: #41711 - #31714, inclusive:

• Operator: Hess
• Field: Truax (Williams)
• Comments:
• Hess has permits for four SC-Scanlan wells, NWNE 17-153-98, 
• to be sited 786 / 828 FNL and 1852 / 1942 FEL.

Two producing wells (DUCs) reported as completed, on the seven-well Vandeberg/Christopherson pad; the pad is northeast of Williston, about ten miles east of the "13-mile corner" and two miles south of US Highway 2, just a couple miles northwest of Epping! The father of my dad's first boss and that boss's sister homesteaded in this area. Great memories.

• 40636, 2,354, CLR, Vandeberg 4-35H, East Fork, t--; cum --;
• 40637, 1,773, CLR, Vandeberg 5-35H, East Fork, t--; cum --;

Update: CLR Brooks Wells In Pembroke -- March 18, 2025

Locator: 48524B.

Parent well:

• 22058, 549, CLR, Brooks 1-4H, Pembroke, t5/12; cum 319K 25:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2025	8	188	0	549	1438	1348	0
BAKKEN	12-2024	5	53	0	3	1	0	0
BAKKEN	11-2024	16	1736	2007	2650	14860	14693	0
BAKKEN	10-2024	31	5125	5232	9276	40702	40283	0
BAKKEN	9-2024	30	4248	4199	9211	36909	36555	1
BAKKEN	8-2024	28	6160	5861	14585	41516	41142	0
BAKKEN	7-2024	28	4236	4576	10649	28233	27890	0
BAKKEN	6-2024	30	6024	5668	11125	45514	45109	0
BAKKEN	5-2024	31	7453	7485	13602	50123	49707	0
BAKKEN	4-2024	29	8595	8636	13577	41709	41408	0
BAKKEN	3-2024	31	9573	9648	13619	44039	43620	0
BAKKEN	2-2024	29	13753	13579	18855	55676	55284	0
BAKKEN	1-2024	31	19089	19135	23463	57542	57123	0
BAKKEN	12-2023	31	28086	28186	34158	67021	66602	0
BAKKEN	11-2023	21	17621	17424	25720	37229	36945	0
BAKKEN	10-2023	2	82	0	183	27	0	0
BAKKEN	9-2023	0	0	173	0	0	0	0
BAKKEN	8-2023	30	342	277	360	1545	1147	0
BAKKEN	7-2023	31	349	267	357	1688	1269	0
BAKKEN	6-2023	30	372	520	383	1401	996	0
BAKKEN	5-2023	31	396	260	363	1635	1216	0

A lousy well until recently, initial production, after drilling back in 2012:

BAKKEN	11-2012	30	2919	3162	1243	4958	4958	0
BAKKEN	10-2012	31	3382	3119	1633	7141	7141	0
BAKKEN	9-2012	25	2933	3111	1577	4114	3297	817
BAKKEN	8-2012	31	4048	4198	1922	8631	7381	1250
BAKKEN	7-2012	31	5652	5606	2560	10202	9840	362
BAKKEN	6-2012	30	8122	7879	3825	13985	11661	2324
BAKKEN	5-2012	6	1667	1315	1015	1008	524	484
BAKKEN	4-2012	0	0	0	0	0	0	0

 *********************************
Five-Wells Brooks Pad

Drilled: 2023.

Note jump in production in parent well (above) in later 2023.

The five wells:

• #39652
• #39597
• #39598
• #39599
• #39600

******************************
Two Well Brooks Pad To The West

No halo effect seen.

One was a Three Forks well (#28814); the other, a middle Bakken (#28816).

Taco Tuesday -- March 18, 2025

Locator: 48523B. 

Stranded astronauts: splashdown scheduled for just before 6:00 p.m. EDT this evening, Tuesday, March 18, 2025. Should splash down off the coast of Florida at 4:57 p.m. CDT.

JFK: files to be released today? 

March Madness: begins tonight, with the "first four" play in. 

• this evening: two separate games, UNC/San Diego and Alabama/St Francis
• tomorrow evening: two separate games: Texas/Xavier and American/Mt St Mary's
• Thursday day/afternoon/evening/night: first round, sixteen games
• schedule here.

Google: acquires Wiz for $32 billion; links everywhere. Cybersecurity play. Incredibly bullish for sixth industrial revolution.

• deal was not completed under Biden administration due to anti-trust concerns ($30 billion at the time)
• completed under Trump administration within first 100 days
• this one acquisition exceeds entire dollar-amount of all previous Google acquisitions

Saudi Aramco: link here.

Chevron: Hess acquisition still moving forward, Chevron announces purchase of a bit of Hess (5% since start of year).

• Chevron putting on its game face;
• not all are getting a warm fuzzy on this deal.
• link here.

Globalstar: Apple, link here.

Dallas NASDAQ:

Inflation watch, Texas beer: $5.99.

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

WTI;

New wells:

• Wednesday, March 19, 2025: 50 for the month, 165 for the quarter, 165 for the year,
• 40032, conf, Hunt Oil, Oakland 154-89-31-29H 1,
• 39890, conf, Hunt Oil, Halliday 146-93-11-1H-1,
• 39889, conf, Hunt Oil, Halliday 146-93-12-36H 1,
• Tuesday, March 18, 2025: 47 for the month, 162 for the quarter, 162 for the year,
• 40482, conf, Silver Hill Energy Operating, Tucson W 158-94-26-35-1MBH,
• 40473, conf, Hess, GO-John-156-98-0508H-4,
• 40157, conf, Hess, EN-Schroeder-157-94-1102H-4,
• 40031, conf, Hunt Oil, Shell 153-89-6-8H 1,

RBN Energy: Gulf coast refiners to be tested by loss of Venezuelan crude oil. Archived.

The Trump administration announced on February 26 that it is ending Chevron’s permit to operate in oil-rich Venezuela, which will halt U.S. imports of Venezuelan crude by early April. These changes, combined with other recent developments, are likely to significantly impact complex U.S. Gulf Coast refiners relying on heavy crude. In today’s RBN blog, we’ll discuss these impacts — an issue our Refined Fuels Analytics (RFA) practice examined in its recently updated Future of Fuels report. 

First, some background. Chevron and its corporate predecessors have more than a 100-year history of operations in Venezuela. Chevron’s legacy company, Venezuelan Gulf Oil, began drilling in 1924, spurring commercial oil production there, and followed that up with operations at Lake Maracaibo and the Boscan Field (tiny, pink-shaded area in Figure 1 below) in northwestern Venezuela. Then-President Carlos Andrés Pérez nationalized Venezuela’s oil industry in 1976 and established Petróleos de Venezuela S.A. (PDVSA) as the state-owned oil company, but despite the nationalization, Chevron remained, and it was asked to form joint ventures (JVs) with PDVSA. In 2006-07, then-President Hugo Chávez’s regime increased royalties and taxes on foreign oil companies and made other changes that prompted some companies — including ExxonMobil and ConocoPhillips — to leave Venezuela.

Figure 1. Venezuela’s Orinoco Belt and Boscan Field. Source: RBN