Showing posts with label Follow_Up_2030. Show all posts
Showing posts with label Follow_Up_2030. Show all posts

Tuesday, January 28, 2025

Legacy Fund -- Return On Investments -- Update -- January 28, 2025

Locator: 48418LEGACYFUND.

Legacy Fund, October, 2024, link here

Legacy Fund assets are allocated according to policies set by the Legacy and Budget Stabilization Fund Advisory Board, which consists of six state legislators and four citizen members. The SIB follows these policies and state law when managing the assets. The SIB’s Investment Committee provides oversight of the investments within the established parameters.

These policies have generated positive returns for North Dakota taxpayers, with a five-year annualized return of 6.6% that has outpaced the inflation rate by over 2% and exceeds its policy benchmark return of 5.8%.

What little I know about the "Advisory Board," they seem to be over-thinking how to invest.

*****************************
From AI

How Big Is The Bakken? January 28, 2025

Locator: 48417B.

AI today:

After all these years, the link in the original post still works.

*****************************
Flashback

How big is the Bakken? Flashback to September 30, 2011.

Link here.

This is the WSJ's weekend interview; a big thank you to Chris for alerting me to it.

Harold Hamm, the Oklahoma-based founder and CEO of Continental Resources, the 14th-largest oil company in America, is a man who thinks big. He came to Washington last month to spread a needed message of economic optimism: With the right set of national energy policies, the United States could be "completely energy independent by the end of the decade. We can be the Saudi Arabia of oil and natural gas in the 21st century."

"President Obama is riding the wrong horse on energy," he adds. We can't come anywhere near the scale of energy production to achieve energy independence by pouring tax dollars into "green energy" sources like wind and solar, he argues. It has to come from oil and gas. 
Not only riding the wrong horse, he's riding with the wrong posse. 

How much oil in the Bakken?

How much oil does Bakken have? The official estimate of the U.S. Geological Survey a few years ago was between four and five billion barrels. Mr. Hamm disagrees: "No way. We estimate that the entire field, fully developed, in Bakken is 24 billion barrels."

If he's right, that'll double America's proven oil reserves.
"Bakken is almost twice as big as the oil reserve in Prudhoe Bay, Alaska," he continues. According to Department of Energy data, North Dakota is on pace to surpass California in oil production in the next few years. Mr. Hamm explains over lunch in Washington, D.C., that the more his company drills, the more oil it finds. Continental Resources has seen its "proved reserves" of oil and natural gas (mostly in North Dakota) skyrocket to 421 million barrels this summer from 118 million barrels in 2006.
The president's reaction:
When it was Mr. Hamm's turn to talk briefly with President Obama, "I told him of the revolution in the oil and gas industry and how we have the capacity to produce enough oil to enable America to replace OPEC. I wanted to make sure he knew about this."

The president's reaction?
"[President Obama] turned to me and said,
'Oil and gas will be important for the next few years. But we need to go on to green and alternative energy. [Energy] Secretary [Steven] Chu has assured me that within five years, we can have a battery developed that will make a car with the equivalent of 130 miles per gallon.'"
Mr. Hamm holds his head in his hands and says, "Even if you believed that, why would you want to stop oil and gas development? It was pretty disappointing."
I've tagged this note for follow-up in October, 2016, five years from now.

Friday, December 13, 2024

Update On Old XTO Permits In Grinnell Oil Field, Now CLR Permits -- December 13, 2024

Locator: 48400B.

Old XTO permits, now all CLR. Still on confidential list.
 
Updates

The well:

  • 19257, 1,027, CLR/XTO, Michael State 31X-16, t4/11; cum 326K 7/23; recent production, note halo effect; cum 348K 10/24;

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-20243112901377103355335338195
BAKKEN9-2024301199115910675537547760
BAKKEN8-2024311334134111224775471362
BAKKEN7-2024311402136711875939592514
BAKKEN6-202430136515881134564356430
BAKKEN5-202431148715541244607258810
BAKKEN4-202430154211821296627560900
BAKKEN3-202431172320851438672864400
BAKKEN2-202429217517991608672564540
BAKKEN1-202420924914712303328850
BAKKEN12-202331175718271505634460550
BAKKEN11-202330208024621793698367030
BAKKEN10-202331188115991420524949600
BAKKEN9-202330163613411830389637110
BAKKEN8-2023188541093647291028170
BAKKEN7-202331201720231607680366120
BAKKEN6-202330211220231723698968060
BAKKEN5-202331240125151913772375490
BAKKEN4-202330267126112327984196590
BAKKEN3-202331343933992865933790480
BAKKEN2-202329003371601410
BAKKEN1-20231119722704293370
BAKKEN12-20225642160126970

Original Note

The well:

  • 19257, 1,027, CLR/XTO, Michael State 31X-16, t4/11; cum 326K 7/23; recent production, note halo effect; cum 348K 10/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202331201720231607680366120
BAKKEN6-202330211220231723698968060
BAKKEN5-202331240125151913772375490
BAKKEN4-202330267126112327984196590
BAKKEN3-202331343933992865933790480
BAKKEN2-202329003371601410
BAKKEN1-20231119722704293370
BAKKEN12-20225642160126970
BAKKEN11-2022305524385312199390
BAKKEN10-20223160866630130210130
BAKKEN9-2022305824423211599740
BAKKEN8-20223159466133123110400

Wells of interest, note legal name (16G, 16C, 16D)

  • 35237, conf, CLR/XTO, Michael State Federal 31X-16G, Grinnell, t--; cum --; API: 33-105-04896;
  • 35236, conf, CLR/XTO, Michael State Federal 31X-16C, Grinnell, t--; cum --; API: 33-105-04895;
  • 35233, conf, CLR/XTO, Michael State Federal 31X-16D, Grinnell, t--; cum --; API: 33-105-04892;

The map:

Thursday, September 7, 2023

Update On CLR / XTO Permits / Old Well In Grinnell Oil Field -- December 13, 2024

Locator: 45558B. 

Old XTO permits, now CLR permits, still on confidential list.

Update

The well:

  • 19257, 1,027, XTO, Michael State 31X-16, t4/11; cum 326K 7/23; recent production, note halo effect; cum 384K 10/24; note recent production and jump in production 3/23; a workover?
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-20243112901377103355335338195
BAKKEN9-2024301199115910675537547760
BAKKEN8-2024311334134111224775471362
BAKKEN7-2024311402136711875939592514
BAKKEN6-202430136515881134564356430
BAKKEN5-202431148715541244607258810
BAKKEN4-202430154211821296627560900
BAKKEN3-202431172320851438672864400
BAKKEN2-202429217517991608672564540
BAKKEN1-202420924914712303328850
BAKKEN12-202331175718271505634460550
BAKKEN11-202330208024621793698367030
BAKKEN10-202331188115991420524949600
BAKKEN9-202330163613411830389637110
BAKKEN8-2023188541093647291028170
BAKKEN7-202331201720231607680366120
BAKKEN6-202330211220231723698968060
BAKKEN5-202331240125151913772375490
BAKKEN4-202330267126112327984196590
BAKKEN3-202331343933992865933790480
BAKKEN2-202329003371601410
BAKKEN1-20231119722704293370
BAKKEN12-20225642160126970
BAKKEN11-2022305524385312199390

 Original Note

The well:

  • 19257, 1,027, XTO, Michael State 31X-16, t4/11; cum 326K 7/23; recent production, note halo effect; cum 384K 10/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202331201720231607680366120
BAKKEN6-202330211220231723698968060
BAKKEN5-202331240125151913772375490
BAKKEN4-202330267126112327984196590
BAKKEN3-202331343933992865933790480
BAKKEN2-202329003371601410
BAKKEN1-20231119722704293370
BAKKEN12-20225642160126970
BAKKEN11-2022305524385312199390
BAKKEN10-20223160866630130210130
BAKKEN9-2022305824423211599740
BAKKEN8-20223159466133123110400

Wells of interest, note legal name (16G, 16C, 16D)

  • 35237, conf, CLR/XTO, Michael State Federal 31X-16G, Grinnell, t--; cum --; API: 33-105-04896;
  • 35236, conf, CLR/XTO, Michael State Federal 31X-16C, Grinnell, t--; cum --; API: 33-105-04895;
  • 35233, conf, CLR/XTO, Michael State Federal 31X-16D, Grinnell, t--; cum --; API: 33-105-04892;

The map:

Wells Of Interest -- XTO Wells In The Grinnell -- September 7, 2023

Locator: 45557B. 

 Updates  

January 21, 2025: production data updated; only one of two wells updated; map unchanged after all these years.

Original Post

Wells of interest:

  • 16470, 191, XTO, GBU Harney 41X-2, Grinnell, t4/07; cum 103K 7/23; cum 106K 10/24; off line;
  • 20119, conf, XTO, GBU Janice 31X-2F, Grinnell, t--; cum --; after all these years, still shown as conf;

The maps:



Sunday, May 23, 2021

Ford's Lightning -- Case Study -- Why EVs Have A Long Way To Go -- May 23, 2021

Link here.  

  • Range.
  • Cost.
  • Size.

********************************
The Apple Car

From The Wall Street Journal

Let's see: how many decades has Apple been working on "the Apple car"?

Headline: Apple and the end of the car as we know it.

Sub-headline: As cars become computers on wheels, Apple is joining other tech companies in eyeing the $5 trillion auto market.

With the M1, Apple, I think, has a huge head-start. 

From the linked WSJ article:

Now that the car is evolving into essentially a smartphone on wheels, it’s no wonder Apple is kicking the tires.

First, there is the transition from internal combustion engines to electric motors, which have far fewer mechanical parts. Now, enabled by that change, a second shift is under way—one that’s a prerequisite for a self-driving future.

For a century, the automobile was a system of interoperating mechanics: engine, transmission, drive shaft, brakes, etc. As those mechanics evolved, electronic sensors and processors were brought in to assist them, but the concepts changed little. The result was cars with dozens or hundreds of specialized microchips that didn’t talk to each other. Now that auto makers are moving to electric motors, elaborate entertainment systems and adaptive cruise control, cars need central computers to control all these things—why not use them to control everything?

At the hardware level, this might just mean fewer chips handling more of a car’s functions. Yet it has profound implications for what future cars will be capable of, how car makers will make money, and who will survive—and thrive—in what could soon be a global automotive industry made unrecognizable to us today.

More:

Basically, everyone is shifting their emphasis to software—and hiring like crazy to do it. In the past year, almost every major automotive company has advertised that it would like to hire many more software developers. Volkswagen, for example, announced in March 2019 that it would add 2,000 to its technical development team; the company already employs thousands of software engineers. 
“Software is eating the world, and cars are next on the menu,” says Jim Adler, managing director of Toyota AI Ventures, a venture-capital fund owned by the car maker.

*********************************
Chips

Re-posting.

Chips: huge story, on so many levels -- TSMC -- largest chip maker in the world -- set to "double down" and vastly increase US semiconductor chip investment in Arizona. Link here.

The company had already said it was going to invest $10 billion to $12 billion in Arizona. Now, the company is mulling a more advanced 3 nanometer plant that could cost between $23 billion and $25 billion, sources said. The changes would come over the next 10 to 15 years, as the company builds out its Phoenix campus, the report notes.

The move would put TSMC in direct competition with Intel and Samsung for subsidies from the U.S. government. President Joe Biden has proposed $50 billion in funding for domestic chip manufacturing - a proposal the Senate could act on as soon as this week. Intel has also committed to two new fabs in Arizona and Samsung is planning a $17 billion factory in Austin, Texas.

*********************************
As If Apple Needed More Advertising

From The WSJ: M1 iMac 24-inch review: Apple built a cool desktop computer for the iPhone era.

When I was growing up, my parents bought a new television set, maybe, every decade. 

I now use my 27-inch iMac as a television set. I bought it two years ago or thereabouts.

It already feels old.

I will probably replace my "television" iMacs every three years. 

Becky Quick has Warren Buffett and CNBC.

Joanna Stern has Apple and The WSJ.

From the linked article:

Like its similarly priced two-decade-old ancestor, Apple’s 2021 iMac is also available in bright colors and with matching keyboard and mouse. The new version is far more evolved—a third of the weight, 24 times the pixels and at least 50 times the storage space—but the mission feels the same: Entice you to go out of your way to use a thing called a desktop computer.

The new iMac, which starts at $1,299 and arrives this Friday, does so by being more iPhone or iPad than any old-school Macintosh. It has a beautiful Retina display and a fingerprint sensor in its keyboard. In some lighting, the webcam is better than the front-facing iPad and iPhone selfie cameras. With a new Apple M1 chip inside, the iMac wakes in a split second—and even runs a handful of iOS apps.

Notes From All Over -- The 6:00 A.M. Portland, OR, Edition -- May 23, 2021

Coal: another article I would have ignored had it not been in The WSJ. Bitcoin miners are giving new life to old fossil-fuel power plants. Link here. Without question, the number one energy that is not being reported enough in the mainstream media is the energy cryptocurrency miners require. For investors this is great news.

Across America, older fossil-fuel power plants are shutting down in favor of renewable energy. But some are getting a new lease on life—to mine bitcoin. In upstate New York, an idled coal plant has been restarted, fueled by natural gas, to mine cryptocurrency. A once-struggling Montana coal plant is now scaling up to do the same.

The drive for power has its roots in bitcoin’s intractable mathematics: To operate securely, the cryptocurrency’s network relies on computers solving puzzles; in return the solvers get fresh bitcoin. The higher the bitcoin price, the more of these miners compete to solve the puzzles—a process that chews up electricity. The more competition, the harder the puzzles get and the more electricity is used. 

A University of Cambridge index pegs the annual power consumption of bitcoin mining at around 130 terawatt-hours, more than three times higher than at the beginning of 2019. That would be more than the power consumption of Argentina.

The coal-fired Hardin Generating Station in Montana had been struggling for years. Late last year, a Nasdaq-listed miner called Marathon Digital Holdings Inc. MARA  partnered with Hardin’s owner to transform the power plant into a hub for mining bitcoin.

 “It was an idle asset,” Fred Thiel, Marathon Digital’s chief executive, said in an interview. “We were able to get access to a large amount of power at a very attractive price.”

The project is in the process of scaling up, with more than 100 megawatts of power capacity planned. Marathon Digital, whose investors include BlackRock Inc. and the hedge fund Renaissance Technologies LLC, said that by tapping the Montana coal plant, its break-even costs to produce a bitcoin will fall to $4,600, 38% less than previously.

Much, much more at the link. Again, this is a most-under-reported story and a story energy investors should be following closely.

The bigger story line: the renewable energy story will never keep up. We're gonna need a lot more natural gas. 

From social media: "I will bet you my net worth versus your net worth that we will see $200-oil before we see $400,000 Bitcoin. Link here

Coal, China: China's coal output rises 11.1% in the first four months. Link here

Oil, China: China's implied oil demand rose to 14.87 million bpd and continues to grow steadily. 

That increase represents an increase of almost 2 million bopd year/year. At this rate, China will overtake the US before Biden leaves office.  The US is currently using 17 to 18 million bopd and is the world's largest crude consumer in the universe. Warning: the numbers were based on 2021 / 2020 -- and we all know that 2020 was a "dead" year. With that factoid, some suggest these recent numbers should not be extrapolated.

Sunday, November 27, 2016

It's Not Peak Oil, Any More ... It's Peak Oil DEMAND -- November 27, 2016

Locator: 10010FAKE.

Original Post

Peak oil demand. From The WSJ: oil industry anticipates day or reckoning. The story may or may not be a "fake story," but certainly the headline is a "fake headline." From the story:

The International Energy Agency, which advises industrialized countries on energy policy, says consumption will continue to rise for decades in its most likely scenario. But that picture shifts radically if governments take further action to limit global warming to less than 2 degrees Celsius with more stringent policies like carbon pricing, strict emissions limits and the removal of fossil-fuel subsidies. If that happens, oil demand could peak within the next 10 years, the IEA says. 
The graphic:
Fake headline. We're not going to see peak oil demand in my investing lifetime. 

****************************************
Natural Gas: US Now A Net Exporter

Natural gas, new milestone: the US is now -- officially -- a net exporter of natural gas. From The Wall Street Journal.
The U.S. has become a net exporter of natural gas, further evidence of the how the domestic oil and gas boom is reshaping the global energy business.
The U.S. has exported an average of 7.4 billion cubic feet a day of gas in November, more than the 7 billion cubic feet a day it has imported, according to S&P Global Platts, an energy trade publisher and data provider. Exports also topped imports for a few days in September, Platts reported. It has been nearly 60 years since the U.S. last shipped out more natural gas than it brought in annually, according to the U.S. Energy Information Administration.
The milestone comes less than a year after restrictions on most crude oil exports were lifted, allowing tankers of crude to be freely shipped overseas for the first time nearly half a century, and together they mark a significant and potentially permanent change in the way U.S. energy flows around the world. Overseas producers now have to deal with the growing clout of the U.S. energy industry, which is aggressively looking to ramp up its global market share to help offset a long period of low prices.
Gas exports have risen more than 50% since 2010. The U.S. will ship gas equal to as much as a fifth of its annual consumption abroad by 2020, Citigroup estimates. The Energy Department says the country will be the world’s third-largest producer of liquefied natural gas for export by that year, trailing Australia and Qatar.
 This is a huge story. It's been a recurrent them on the MDW. Start with "The Big Stories." Then to "LNG Exports." Even the Middle East is becoming a major customer for US natural gas.

*********************************
Gigantic Tablets

Speaking of the next big thing. From The Wall Street Journal: long a novelty, gigantic tablets are sneaking into the workplace.
The devices—anything bigger than 13 inches, the size of an iPad Pro—are interesting for several reasons. First is the diversity of their uses, from the bowels of cruise ships to your local McDonald’s. The second is that, unlike tablets and other mobile touch-screen devices, no one owns this category yet.

Tuesday, June 12, 2012

Anschutz Wells vs OXY USA Wells -- Latest Example -- The Bakken, The Williston Basin, North Dakota, USA

To make up for my embarrassment for having missed this story yesterday, I will re-post it. An alert reader -- thank you very much -- pointed it out to me -- something I had harped on often but missed it when I could have had a great example. No excuses. I blew it.

Yesterday I missed the opportunity to show what a difference it can make with regard to those who have "cracked" the Bakken and those who haven't.

This was one of the fifteen wells released from "tight hole" status yesterday:
  • 19642, 42, Lime Rock/OXY USA, Darlene Dvorak 1-27-34H-143-95, Murphy Creek, a Bakken well, Dunn County; I don't know how OXY keeps doing it --; t12/11; cum 112K 1/17; no production in May, 2013; cum 152K 1/22; cum 169K 11/24;
Two years ago, before Anschutz sold their acreage to OXY USA, Anschutz reported this well, exactly two miles to the west of #19642 and in the same field. 
  • 18395, 2,207, Lime Rock/OXY USA, Kathleen Stroh, 1-20-17H-143-95, Murphy Creek, t6/10; cum 229K 1/17; cum 370K 1/22; cum 389K 11/24;
I've been thinking of an op-ed piece on this phenomenon; maybe it's time. 

Remember: the IP is only datapoint, and who knows? Maybe the new OXY USA well will end up being a monster well.

Saturday, May 19, 2012

Upper Bakken As Another Pay Zone -- Slawson -- May 19, 2012

Locator: 10010SLAWSON.
 
Updates

November 4, 2012: Slawson permits for five wells on a 640-acre spacing unit;

June 16, 2012: Slawson Drilling the Upper Bakken; Slawson says it is drilling the "upper" Bakken, very interested in the area along the Montana-North Dakota border

Permits
2014
None

2013
  • 26111, 286, CLR, Major Federal 1-6H, t10/13; cum 117K 11/17; cum 169K 11/21; cum 198K 11/24;
Issued in 2012
  • 22638, PNC, SM Energy, Hatter Federal 16-29H, Squaw Gap (still on conf 2/14; PNC 4/14;)
The six wells below are on two pads: one 4-well pad; one 2-well pad
  • 22763, PNC, Slawson, Battleax Federal 3-34H, Squaw Gap, as of 2/15;
  • 22764, PNC, Slawson, Chariot Federal 3-27H, Squaw Gap, as of 2/15;
  • 22765, PNC, Slawson, Chariot Federal 2-27H, Squaw Gap, as of 2/15;
  • 22766, PNC, Slawson, Battleax Federal 2-34H, Squaw Gap, as of 2/15;
  • 22767, PNC, Slawson, Battleax Federal 1-34H, Squaw Gap, as of 2/15;
  • 22768, PNC, Slawson, Chariot Federal 1-27H, Squaw Gap, as of 2/15;
Original Post

Link here.

This is a great story/link sent to me by a reader. I have been so busy I was not able to post it earlier.

This is a huge story; a big "thank you" to a reader for sending it to me. Sorry it took so long to get posted. Way too busy.

The gist of the story concerns Slawson and Squaw Gap; and Bakken "tight oil" and  "shale oil."

Squaw Gap oil field is in southwest McKenzie County, right on the Montana state line. It is just north of Bicentennial where Whiting's Lewis & Clark prospect begins, I believe. State highway 16 runs right through the middle of it, in the Little Missouri National Grassland. 

Here are the wells and permits in Squaw Gap since 2009. As far as I can tell no permits were issued for Squaw Gap oil field in 2009, 2010, or 2011. So far in 2012:
  • 22638, PNC, SM Energy, Hatter Federal 16-29H, 29-147-104, PNC as of 4/14;
  • 22763, PNC, Slawson, Battleax Federal 3-34H, 34-147-105,
  • 22764, PNC, Slawson, Chariot Federal 3-27H, 34-147-105,
  • 22765, PNC, Slawson, Chariot Federal 2-27H, 27-147-105,
  • 22766, PNC, Slawson, Battleax Federal 2-34H, 27-147-105, 
  • 22767, PNC, Slawson, Battleax Federal 1-34H, 27-147-105,
  • 22768, PNC, Slawson, Chariot Federal 1-27H, 27-147-105
Four wells in section 27 (all on lot 4); and two in section 34. Slawson has another well sited in this field, but it will be running north into Mondak field.
  • 22615, PNC, Slawson, Phalanx Federal 3-22-15H, conf as of 2/15;
Other older wells in Squaw Gap:
  • 6622, PA, a Madison well; 651 bbls total;
  • 7208, PNA, a Madison well; 1,657 bbls total; Red River dry;
  • 7292, PNA, a Madison well; 6,710 bbls total;
  • 7666, PNA, a Madison well; 13,065 bbls total;
  • 7737, PNC,
  • 8287, PNA, a Madison well; 20,893 bbls total;
  • 8404, PNA, a Madison well; 13,767 bbls total;
  • 8872, PNA, a Madison well; 3,395 bbls total;
  • 12779, 110, Whiting, Beaver Valley Ranch 34-21H, t12/89; cum 181K 9/16; Bakken; cum 197K 11/21;
  • 12835, 254, XTO, Silkworm 1-16, t6/90; cum 370K 9/16; Bakken; cum 409K 11/21; cum 429K 11/24;
  • 13432, 73 (no typo), Rocky Top Energ, LLC/Whiting, MOI Squaw Gap 22-9H, t11/92; cum 91K 9/16; Bakken; cum 97K 4/21; off line 4/21; cum 102K 11/24;
  • 16401, 479, Slawson, Stingray Federal 1032H, t4/07; cum 224K 9/16; Bakken (Red River: dry); "primarily to be a Silurian Red River "C" test with secondary potentials at the top of the Ratcliffe, two possible fractured intervals in the Upper Mission Canyon, the Bakken Upper Shale ...." The Bakken shale was 7 - 9 feet thick; after testing all sections, ended up drilling a horizontal Upper Bakken shale; cum 272K 11/21; cum 294K 11/24;;
  • 16551, AB/27 (no typo), Legacy Reserves/Summit Resources, Gap Federal 1-27H, t7/10; cum 50K 9/16; Bakken; middle Bakken, but upper Bakken interesting; off line 5/21; cum 70K 5/21;
  • 16566, IA/50, Legacy Reserves/Summit Resources, Gap Federal 3-8H, t11/08; cum 22K 9/16; Bakken very few days of production; very little production;
  • 16920, PA/216, Slawson, Piranha 1-4H, t3/08; cum 115K 9/16;; Bakken; target: "Bakken," hard to say, but with hindsight, this may have been in the "upper Bakken,"
******************* 

A note to the granddaughters

[After posting the note below, I got a few comments from others including Arne C. who directed me to his blog: http://miscbaseball.wordpress.com/2010/06/11/a-very-brief-historical-tour-of-fenway-park/]

Now I know why you love this art museum, Boston's Isabella Steward Gardner Museum.

You have visited at least once, but that was before the new "wing." I visited it for the first time yesterday, and I was simply overwhelmed. I had never seen anything like it before, and my first impression was this is the best art museum I had ever seen.

Now, 24 hours later, reflecting on it, maybe it's a bit much to say this is the best art museum in the world, but it may be the best art museum experience in the world.  It certainly is a museum no one should miss. If you visit Boston and have time for only one museum, I think this would be it. And that's a tough call. Competing for your time: the Museum of Fine Arts in Boston; the JFK Library and Museum south of Boston; and, the Peabody Essex Museum, north of Boston in Salem/Essex. But whereas the MFA is a "typical" big city fine arts museum, the ISG is unique. The ISG Italian palace is part of the experience; for some (including me) the palace may be THE experience.

I was overwhelmed. Even though the new wing has been open now for several weeks, the line to purchase tickets still exceeded my expectations.  We walked through a long glass corridor to get to the palace. Immediately upon entering, one realizes one is in a different kind of museum. The three-story structure is built around a classic Italian courtyard. I was immediately reminded of the Roman baths in Bath, England. Absolutely spectacular. I explored three or four rooms/corridors/hallways in the immediate area after emerging from the glass corridor -- the rooms around the courtyard on the ground floor, and I realized I was overwhelmed. It was a unique experience. I did not have the same experience in the Louvre. I assume I had some idea of what to expect when visiting the Louvre for the first time, but I had no idea what to expect when visiting the ISG for the first time.

I went back to the new wing to collect my thoughts. In the opposite quadrant from the restaurant, is the "living room." Isabella Gardner loved books; in fact, I believe she started collecting books before she started collecting art, and throughout the museum -- I hate to call it a museum -- it's a palace -- are shelves of her books. I could spend hours in the "living room." With comfortable sofas and individual chairs, surrounded by books to be read by visitors, it is a most relaxing room. It is "outside" the palace proper and thus no admission charge. There were several books I spent some time with, but my two favorites: the 2012 anniversary edition celebrating the Boston Red Sox and Fenway Park; and the collected letters of Isabella Gardner and her co-conspirator in art collecting, Bernard Berenson. 

This is my snapshot of the ISG Museum story. Isabella loved life. She married a New York City man who created his own wealth through smart investments; they moved to Boston where they settled in the newly filled in Back Bay. She was not well educated but she more than made up for that by self-education for the rest of her life. She was devastated by the death of her 2-year old son. To get her out of her depression, her husband took her to Europe. That began her love for travel, Europe, particularly Italy, and an eye for collecting. She had taken some "adult courses" under a history professor at Harvard which was probably the life-altering event in her life with regard to art and history.

Through serendipity, she met a young (incredibly handsome) Harvard undergraduate Bernard Berenson who wanted to be the intermediary identifying, buying, and collecting art for a rich patron. He began scouring the continent for art work for Ms Gardner who had just inherited $1.6 million from her father upon his death.

She and Berenson collected art at the turn of the century and became a very, very close and successful team. The stories coming out of the museum suggest they had had a "come-to-Jesus" moment when she discovered he was being paid a handsome commission by European dealers from whom he bought art, as well as a five percent commission from Ms Gardner. Obviously it was to his advantage for the dealer to increase his prices. Berenson must have been extremely persuasive (and very, very good looking); Ms Gardner stuck with him. The relationship appears to have grown stronger and closer.

Unexpectedly her husband died about this time; I believe she was in her late 40's or 50's. (Let's see: she was born in 1840; the palace opened in 1903 -- so late 50's I guess.) Knowing she had little time left in her life, she began immediately designing and building an Italian palace to house her art collection. She chose an empty lot near where Fenway Park came to be. Fenway Court, as she called her palace, opened in 1903; Fenway Park in 1912. The ISG Museum is now just a few blocks (within walking distance of the Boston Museum of Fine Arts) on the Green Line.

For more, visit the ISG Museum website.

Incidentally, there's a little nook, a little corner on the first floor with two chairs, a table with a dozen books, and a lamp. I don't know if Ms Gardner placed that ensemble there herself but it has "her" feeling. I don't think many visitors realize it provides an opportunity for folks like me, who become overwhelmed, to simply sit and reflect on this most personal of personal museums, as some have described this palace.

Oh, and by the way, the lunch menu was very unique and the food excellent, including affordable wines. I had a Samuel Adams -- you know, I was just reminded that Paul Revere was captured before he completed his midnight ride. Walt Whitman admitted he used artistic license to write his poem. But, Paul Revere was able to warn his close friends Sam Adams and John Hancock before he was captured. But I digress.

Friday, April 27, 2012

Wow! One Township With Nine (9) Rigs -- Huge Wells -- Alger Field -- The Williston Basin, North Dakota, USA -- April 27, 2012

Locator: 10010ALGER.
Updates

January 29, 2025: production data updated.

Original Post
 
T155N-R92W

One of the nine is right across the south line in the Sanish field, but it's still quite a sight on GIS map server. I can only imagine what it looks like on the ground there.
  • 21955, 2,972, Grayson Mill/Statoil/BEXP, Cvancara 20-17 3H, t9/12; cum 237K 10/16; cum 345K 11/24;
  • 22007, 2,700, Grayson Mill/Statoil/BEXP, Panzer 22-23 1H, t6/12; cum 209K 10/16; cum 338K 11/24;
  • 22037, 2,026, Grayson Mill/Statoil/BEXP, Strobeck 27-34 5TFH, t7/12; cum 176K 10/16; cum 260K 11/24;
  •  22063, 1,842, Grayson Mill/Statoil/BEXP, Anderson 28-33 4TFH, t6/12; cum 174K 10/16; cum 298K 11/24;
  • 22122, 632, Lime Rock Resources/Fidelity, Emil 14-13H-24, t6/12; cum 154K 10/16; cum 262K 11/24;
  • 22170, 551, Slawson, Athena 4-36TFH, t5/12; cum 114K 10/16; cum 169K 11/24;
  • 22317, 1,818, Grayson Mill/Statoil/BEXP, Arvid Anderson 14-11 4TFH, t6/12; cum 167K 10/16; cum 223K 11/24;
  • 22599, 289, Sinclair, Martens 3-4TFH, Sanish, t6/12; cum 57K 10/16; cum 97K 11/24;
Examples of other wells in the immediate area (these are huge wells):
  • 18654, 4,335, Grayson Mill/Statoil/BEXP, Sorenson 29-32 1-H, s2/10; t4/10; cum 458K 10/16; cum 565K 11/24;
  • 17355, 3,909, Grayson Mill/Statoil/BEXP, Cvancara 20-17 1-H, s10/10; t3/11; cum 303K 10/16; cum 428K 11/24;
  • 19513, 4,661, Grayson Mill/Statoil/BEXP, Sorenson 29-32-2-H, s10/10; t3/11; cum 394K 10/16; cum 533K 11/24;
  • 18628, 4,357, Grayson Mill/Statoil/BEXP, Jack Cvancara 19-18 1-H, s3/10; t5/10; cum427K 10/16; cum 569K 11/24;
  • 19057, 4,106, Grayson Mill/Statoil/BEXP, Domaskin 30-31 1-H, s7/10; t10/10; cum 416K 10/16; cum 501K 11/24;
Back in February, 2010, Irish Oil and Gas Company acquired 120 acres in the Alger Field for $7,300/acre which works out to $4.7 million/section. The 120 acres are in sections 11, 12 and 13, T155N-92W.

Sunday, April 22, 2012

Random Look At a Sinclair Well in Little Knife Oil Field -- The Bakken, North Dakota, USA

Updates

December 18, 2016: seems to be a "steady Eddy" now.

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-201631168615481245170201585
BAKKEN9-2016229538971040115801075
BAKKEN8-201631141115531254172401607
BAKKEN7-201631144715461257175001633
BAKKEN6-201630147515601260170801595
BAKKEN5-201630169013441295161901506
BAKKEN4-201630130713401263167501562
BAKKEN3-201631164315491427148501368
BAKKEN2-201629210522211391145601347
BAKKEN1-201631196020251832182601709

September 2, 2012: maybe it started out as a good well, but it sure has been erratic. On-line 10 days May, 2012 (2K bbls); off-line all of June, 2012; back on line for 20 days in July, 2012 (4K bbls).

Original Post 
While looking at the new permits in Little Knife oil field, I had a chance to look at one of the better wells:
  • 19269, 410, Sinclair, Porcupine 1-19H, middle Bakken, Little Knife;  t9/11; cum 212K 12/19; off line 1/20; cum 313K 11/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-201230526048963797555055500
BAKKEN8-201231703479224787842084200
BAKKEN7-2012204175271233887007000
BAKKEN6-20120000150015000
BAKKEN5-2012102096235814386006000
BAKKEN4-20126188018931349103601036
BAKKEN3-20128278937221902287102871
BAKKEN2-20127275413221950289802898
BAKKEN1-20129281631721892289802898
BAKKEN12-2011727152310180521021
BAKKEN11-20113521409321021
BAKKEN10-201124437143222925485004850
BAKKEN9-201120502738583555527305273
BAKKEN8-201129599666644086629306293
BAKKEN7-201124104721080869012481012481
BAKKEN6-20113020162189041740824830024830