Monday, May 26, 2025

Production Update For The WPX Spotted Rabbit Wells; Note Halo Effect -- May 26, 2026

Locator: 46065WPXRABBIT.

These wells are tracked here. Only production data has been updated in this post.

Updates

May 26, 2026, production update:

  • 18963, 1,345, WPX, Spotted Rabbit 14-23H, Van Hook, t4/11; cum 519K 6/23; off line; cum 541K 3/25;
  • 24953, 1,592, WPX, Spotted Rabbit 14-23HY, Van Hook, t8/13; cum 398K 6/23; just returning to production; cum 507K 3/25;
  • 24954, 1,638, WPX, Spotted Rabbit 14-23HW, Van Hook, t8/13; cum 435K 6/23; just returning to production; nice jump in production; cum 578K 3/25;
  • 39586, drl/A, WPX, Spotted Rabbit 14-23HI, Van Hook, t9/23; cum 149K 3/25;

 Halo effect:

  • 24954, 1,638, WPX, Spotted Rabbit 14-23HW, Van Hook, t8/13; cum 435K 6/23; just returning to production; nice jump in production; cum 578K 3/25;
BAKKEN7-202431715171351041582087874174
BAKKEN6-202424593659528441729171604
BAKKEN5-20243181328111118981092610038729
BAKKEN4-2024308599861811749109361072061
BAKKEN3-202431101521013514816120491181673
BAKKEN2-2024291098910937171401299112616224
BAKKEN1-2024311293212981203101194411535254
BAKKEN12-20233113486135172308510927107624
BAKKEN11-202330121271201625267890687510
BAKKEN10-202330114391146334803937692190
BAKKEN9-2023304959493420369359834760
BAKKEN8-20230000000
BAKKEN7-20230000000
BAKKEN6-20230000000
BAKKEN5-2023310300000
BAKKEN4-20231873479811026575640
BAKKEN3-202331137613981855138912280
BAKKEN2-202328130512931612139512491
BAKKEN1-202331173718011981185516940

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Production Data Updated For The Very Nice Hess GO-Ron Viall Wells In Wheelock -- May 26, 2025

Locator: 10010HESS_VIALL.

These wells are tracked here; only initial production data is posted here.

Updates

May 26, 2025 -- production updates:

  • 38686, drl/A, Hess, GO-Ron Viall-156-98-2513H-1, Wheelock, t2/23; cum 318K 3/25; GL;
BAKKEN5-20233130720305574920069841688381003
BAKKEN4-2023161478414815239602947428516958
BAKKEN3-20231312176122881898522197203091888
BAKKEN2-20232850602503616332942361410981263
BAKKEN1-20231844833132477468688
  • 38685, F/A, Hess, GO-Ron Viall-156-98-2513H-2, Wheelock;t1/23; cum 290K 3/25; F;
BAKKEN6-2023302168321567346774932448465859
BAKKEN5-2023221587215884285283438133872509
BAKKEN4-20232820837208363892642610412371373
BAKKEN3-20231713280133122246123761217362025
BAKKEN2-20232836885369408304776886754481438
BAKKEN1-2023918684184453140224998223092689
  • 38684, F/A, Hess, GO-Ron Viall-156-98-2513H-3, Wheelock, t1/23; cum 347K 3/25; F;
BAKKEN7-2023312113121124381334335942972387
BAKKEN6-2023271612916010294762947528915560
BAKKEN5-20231481838243167401713716877260
BAKKEN4-20232617968179993947439105378681237
BAKKEN3-20231914200141493205535098321952903
BAKKEN2-202328225102269210803871399702451154
BAKKEN1-20231522969226755406027804247783026
  • 38683, F/A, Hess, GO-Ron Viall-156-98-2513H-4, Wheelock, t1/23; cum 384K 3/25; F;
BAKKEN7-2023312574725659342965253252061471
BAKKEN6-2023141293213012158742539224924468
BAKKEN5-2023312625826255336295001449207807
BAKKEN4-20232931307312654092062539605082031
BAKKEN3-20231316373163102432431381287262655
BAKKEN2-20232125030253615194463503623991104
BAKKEN1-20231835577351217679979770715728198

23316, PNC, Hess, GO-Ron Viall-156-98-2524H-3, Wheelock,

23315, PNC, Hess, GO-Ron Viall-156-98-2524H-2, Wheelock,

17843, PA/1,981, Hess, Ron Viall 1-25H, Wheelock, t5/10; cum 244K 10/22; remains off line 12/23; PA;

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Germany Opens Second LNG Import Terminal At Wilhelmshaven Port -- May 26, 2025

Locator: 48690LNG.

Link here.



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Tariffs And EVs -- Volvo Says "It Can't Survive" If Trump Imposes 50% Tariffs on EU -- May 26, 2025

Locator: 48689EVS.
Locator: 48689TARIFFS.

Other links:

From the blog, February 26, 2024: essay on EVs -- a snowball rolling downhill.

BYD: announces a new $233,450 EV Supercar to rival Ferrari, Lamborghini:

  • Lamborghini: surging; up another 1% today; at all-time highs; and I put Ferrari (RACE) on my bucket list about a year ago and have been accumulating shares, though will probably hold off for now

Ford:

  • Ford Lightning F-150: previously reported; the Verge; Ford is still holding back on full story; Ford stops shipping 2024 F-150 Lightnings for "quality checks";  

WSJ: why Rivian, Lucid, Polestar will struggle; knights on white horses; scorecard here.

  • Amazon for Rivian
  • Saudi Arabia for Lucid
  • Polestar: the Volvo knight fell off his horse, but still out there.

From the blog, September 4, 2024: 

EVs: in a world of hurt. Two links today -- EVs are tracked here:

  • TWSJ: the VW story; nothing new, but a very, very credible source.
  • AFP: new car sales in Europe pummeled as EV sales plunge.
  • Evan: Volvo -- scraps EV plans. Holy mackerel! And here!

*********************************
Volvo

Link here.

There are so many story lines here, I simply don't have time.

When Volvo announced that it would offer the EX30 electric SUV for just $34,950, it sounded too good to be true. It was, but not for any reason Volvo could have foreseen.

In between announcing the compelling price for the Volvo EX30 and today, the U.S. has imposed two heavy tariffs on imported vehicles. The first was a 100% tariff on made-in-China EVs, which scrapped the original plan to sell China-built EX30s here. Then the company spent a bunch of money ramping up production in Belgium to satisfy the U.S. market and a China-wary Europe, only for American tariffs to derail things once again.

The new 25% blanket tariff on imported vehicles means that the EX30 will already be getting more expensive. If Trump increases tariffs on EU goods to 50%, as he threatened today, the economics will become unworkable, Volvo's CEO said. And he isn't mincing words.

Bringing Belgian-built EX30s to the U.S. would "of course be almost impossible," Volvo boss Hakan Samuelsson told Reuters. He added that the tariff costs will have to be passed on to consumers, as they almost always are.

Auto companies don't have 25% margins—6% tends to be considered "good" in this business—and they certainly aren't clearing 50% in profit. So they'll either stop importing cars—reducing competition and therefore driving up prices—or raise prices themselves.
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Labels: , ,

Futures Surge -- May 26, 2025

Locator: 48688MARKET.

Doesn't look like a recession to me. Memorial Day box office records set. Broke the record last set in 2013. Doesn't look like a recession to me.

*************************************
Sixth Industrial Revolution

Link here.

It should be noted that Warren Buffett's benchmark was the S&P 500.

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"Massive Oil And Gas Reserves" In Southwest Wyoming -- Another "Bakken"? -- May 26, 2025

Locator: 48687B.

Link here.

From the link:

Based partly on research from the University of Wyoming, the federal Department of the Interior revealed the Mowry Shale holds 473 million barrels of oil and 27 trillion cubic feet of natural gas across southwestern Wyoming, Colorado and Utah. 

The Mowry and the Powder River Basin are tracked here.

To that in perspective, from the blog, February 3, 2016:

Wow, I hate dealing with natural gas. I can't get my hands around "trillions" of anything. Here we go again, another mother lode of natural gas estimated at "10,000 trillion cubic feet." To put that in perspective, the Marcellus is huge. Huge. And it's estimated to have 480 trillion cubic feet, so 10,000 trillion cubic feet seems a bit noteworthy. From an earlier post:

Disclaimer: I often make simple arithmetic errors. Numbers rounded. Natural gas reserves according to BP/wiki, 2013 - 2014 (US estimate as of December 2013). Top five countries:
  • Russia: 6,000 trillion cubic feet
  • Iran: 1,000 trillion cubic feet
  • Qatar: 900 trillion cubic feet
  • Turkmenistan: 600 trillion cubic feet
  • US: 350 trillion cubic feet
  • #11: Australia: 152 trillion cubic feet (as of January, 2014). (See this post.)
Now, let's go back and re-run the numbers that were posted earlier:
  • October 18, 2017: USGS survey -- 300 trillion cubic feet of natural gas, up from roughly 70 trillion cubic feet in its last survey in 2010.
  • Bakken/Three Forks, USGS estimate: 7 trillion cubic feet
  • Qatar: 800 trillion cubic feet, wiki, conversion

Bottom line: this might be a big story for Wyoming and, maybe even the western United States, but overall, it's a pretty small footnote.  

********************************
Summer Vacation

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Updating The EOG Long Reach Wells In Parshall Oil Field -- Halo Effect With New Wells Coming On Line --May 26, 2025

Locator: 10010EOG_LONGREACH.
Locator: 48686EOG_LONGREACH.

These wells are tracked here.

 Updates

May 26, 2025 -- updating some of the wells:

  • 19721, 1,063, EOG, Liberty LR 19-23H, Parshall, t3/11; cum 433K 9/23; jump in production; F; cum 483K 3/25; still F and nice halo effect;
BAKKEN4-20243043814485240028112250317
BAKKEN3-20243145084294275827312159320
BAKKEN2-20242938413941287323901858296
BAKKEN1-20243137383725314220011554206
BAKKEN12-20233137643862419521091725132
BAKKEN11-202330196017662463118086670
BAKKEN10-202331175117092339107175663
BAKKEN9-202330250224993210120386297
BAKKEN8-202333204852110
BAKKEN7-20230000000
BAKKEN6-20232364967921361140326
BAKKEN5-20233192494628290962238
BAKKEN4-20233094393828391763637
  •  20255, 892, EOG, Liberty LR 15-26H, Parshall, t4/12; cum 422K 9/23; nice halo effect;
BAKKEN12-202430254025622245124693286
BAKKEN11-20243024041947328714561111101
BAKKEN10-20242516101533305591865758
BAKKEN9-20242537183722533521211740129
BAKKEN8-20240000000
BAKKEN7-20240000000
BAKKEN6-20241000220
BAKKEN5-20240000000
BAKKEN4-2024289711086387777433116
BAKKEN3-202418849731230553301113
BAKKEN2-20240000000
BAKKEN1-20240000000
BAKKEN12-20230000000
BAKKEN11-20231643845618133519910
BAKKEN10-202331946104336264837521
BAKKEN9-20233087377946052125423
BAKKEN8-20233187482832458532620
BAKKEN7-2023311015103538073846224
  •  20254, 980, EOG, Liberty LR 20-26H, Parshall, t12/11; cum 393K 9/23; cum 415K 3/25;
  •  38325, conf, EOG, Liberty LR 56-2320H, t8/23; cum 355K 3/25;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20252877017658137109825955850
BAKKEN2-2025288306835114743126431236752
BAKKEN1-2025319758974917707151891488358
BAKKEN12-2024319224924017516130031270956
BAKKEN11-20243084818534156219654936153
BAKKEN10-202431105071045017761112421090566
BAKKEN9-2024301259512637198261403213681104
BAKKEN8-2024311367013692270271458114126101
BAKKEN7-2024311534115357272521857318195107
BAKKEN6-2024301486614856255041633115954102
BAKKEN5-2024311499915012308991609315654131
BAKKEN4-2024301671916794391641607015718107
BAKKEN3-2024291145211355364589450913979
BAKKEN2-202429129121295433125110411071389
BAKKEN1-2024311819418205377991515014785115
BAKKEN12-2023312193721957456182049620110136
BAKKEN11-2023302567425634558352353123171122
BAKKEN10-2023313126031293656382580325409147
BAKKEN9-2023283705837200841913278932354202
BAKKEN8-2023265399353577126497478024753850
BAKKEN7-20230000000
  •  30595, PNC, EOG, Liberty LR 30-3220H, Parshall,
  • 38329, exp/PNC, EOG, Liberty LR 62-2329H, Parshall,
  • 40297, loc, EOG, Liberty LR 75-2629H, Parshall, t9/24; cum 218K 3/25;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-2025281777417768267681571915591128
BAKKEN2-2025282046020439298451669516538157
BAKKEN1-2025312058120573327071487014708162
BAKKEN12-2024312950129454451022137421146228
BAKKEN11-2024273131531527496812279822563235
BAKKEN10-2024316285062557888673968039338342
BAKKEN9-20243035298351231005202921928923292

November 15, 2023: three new EOG Liberty LR permits today.

The map:

Some of the wells:

  • 19721, 1,063, EOG, Liberty LR 19-23H, Parshall, t3/11; cum 433K 9/23; jump in production; F;
  • 20255, 892, EOG, Liberty LR 15-26H, Parshall, t4/12; cum 422K 9/23;
  • 20254, 980, EOG, Liberty LR 20-26H, Parshall, t12/11; cum 393K 9/23;
  • 38325, conf, EOG, Liberty LR 56-2320H, t--; cum --;
DateOil RunsMCF Sold
9-20233719432352
8-20235357747538
  • 30595, loc, EOG, Liberty LR 30-3220H, Parshall,
  • 38329, exp, EOG, Liberty LR 62-2329H, Parshall,
  • 40297, loc, EOG, Liberty LR 75-2629H, Parshall,

Original Post

EOG with three more Liberty LR permits, reported earlier today.

The graphic:

 
Updates

March 5, 2020: see initial production for some new wells.

Original Post

The wells:
  • 33434, loc, EOG, Liberty LR 109-1109H,
  • 33433, 1,933, EOG, Liberty LR 42-1109H, Parshall, t10/19; cum 226K 12/20;
  • 33432, 1,730, EOG, Liberty LR 43-1109H, Parshall, t10/19; cum 219K 12/20;
  • 30595, loc, EOG, Liberty LR 30-2321H,
  • 30594, loc, EOG, Liberty LR 108-2321H,
  • 30593, loc, EOG, Liberty LR 29-2321H,
  • 23958, 2,719, EOG, Liberty LR 107-1109H, Parshall, t9/19; cum 312K 12/20;
  • 20255, 892, EOG, Liberty LR 15-26H, t4/12; cum 387K 12/20;
  • 20254, 980, EOG, Liberty LR 20-26H, t12/11; cum 354K 12/20;
  • 20038, 625, EOG, Liberty LR 12-11H, t4/12; cum 294K 12/20;
  • 20037, 790, EOG, Liberty LR 17-11H, t6/11; cum 390K 12/20;
  • 19802, IA/1,215, EOG, Liberty LR 18014H, t10/11; cum 394K 11/20; off line 12/20;
  • 19721, 1,063, EOG, Liberty LR 19-23H, t3/11; cum 400K 12/20;
  • 19720, 510, EOG, Liberty LR 14-23H, t4/11; cum 306K 12/20;
  • 19231, IA.398, EOG, Liberty LR 13-14H, t12/11; cum 363K 11/20; off line 12/20;
  • 18979, PNC, EOG, Liberty LR XX-23H,
  • 18828, 1,066, EOG, Liberty LR 16-36H, t2/11; cum 432K 12/20;

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The Oasis Lee Wells -- May 26, 2025

Locator: 48686OASIS_LEE.

The wells:

  • 40499, drl/A, Oasis, Lee S 5201 21-8 2B, Camp, t11/24; cum 93K 3/25;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-2025312348423514466602452423799725
BAKKEN2-2025272156921549433901997919223756
BAKKEN1-2025291784017867480631719416859335
BAKKEN12-2024312450724446665302016019730430
BAKKEN11-202430544253171312474467220226
BAKKEN10-20240000000
  • 40489, conf, Oasis, Lee S 5201 21-8 3B, Camp,
DateOil RunsMCF Sold
3-20252213521127
2-20251734515688
1-20251627514781
12-20242225818745
11-202433244276
  • 40500, conf, Oasis, Lee S 5201 21-8 4B, Camp,
DateOil RunsMCF Sold
3-20252061421688
2-20251870417316
1-20251653615033
12-20242278819469
11-202429363874
  • 40501, conf, Oasis, Lee S 5201 21-8 5B, Camp,
DateOil RunsMCF Sold
3-20252269422511
2-20251655514893
1-20251631815260
12-20242440023504
11-202420313079

The maps: pending.

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