Tuesday, November 6, 2012

On Tap For Wednesday; Whiting Has a Nice Red River Well; Oil and Gas Activity in Montana; Economic Development in Great Falls

From Rigzone today: musings on fracking.  Timing is interesting. Everyone knows. And a second article on same issue. Everyone knows.

RBN Energy: part IV in the series on natural gas pipelines; the Marcellus effect;

Active rigs: 185 (steady, down slightly)

Wells coming off confidential list:
  • 20691, 928, EOG, Fertile 49-3024H, Parshall, t5/12; cum 55K 9/12; 
  • 21222, 519, EOG, James Kill 10-0112H, Kittleson Slough, t6/12; cum 27K 9/12; 
  • 21223, 572, EOG, James Hill 100-0112H, Kittleson Slough, t6/12; cum 19K 9/12; 
  • 21443, drl, KOG, Smokey 14-21-33-14H, Pembroke,
  • 22260, 930, MRO, Landblom 24-26H, Murphy Creek, t7/12; cum 21K 9/12;
  • 22277, 118, MRO, Elizabeth Ann 1-32H, St Demetrius, t7/12; cum 11K 9/12; 
  • 22731, 496, Slawson, Magnum 3-36-36H, Baker, t7/12; cum 13K 9/12; 
  • 22750, 455, Whiting, Rieckhoff 44-22, Camel Hump, a Red River well; t8/12; cum 25K 9/12;
Montana news:

Eight new wells permitted for the Bakken in Richland County, Montanta! Cool. Five are CLR; two are Slawson; and one is Kraken Operating.

Also, out of Montana, a huge fabrication complex in Great Falls:
ADF GROUP INC. announced on Monday that the Corporation’s Board of Directors approved an estimated US$24 million plan to build a new 100,000-square-foot structural steel fabrication complex on a 100-acres industrial site located in Great Falls, Montana.

Under its U.S. subsidiary banner, ADF International Inc., the Corporation will be operating by the second half of 2013 its new fabrication plant which will be equipped with state-of-the-art equipment, similar to those at its Terrebonne fabrication plant. The annual fabrication capacity of this new plant is estimated at more than 25,000 tons.

According to a story published Monday in the Great Falls Tribune, the plant will initially produce modules for the Alberta oil sands.
This begs the question: why is a Canadian company building a huge steel fabrication complex to support Canadian oil in the United States? That's a rhetorical question.

Twelve (12) New Permits; Whiting With a Huge Well; BEXP With a Nice Well (Again); SM Energy With a Very Nice Well (All Based On IPs)

Bakken Operations

Active rigs: 186 (steady)

Twelve (12) new permits (on track for 2,600 permits*):
  • Operators: Hess (4), KOG (3), CLR (2), BEXP (2), MRO
  • Fields: Robinson Lake (Mountrail), Banks (McKenzie), Truax (Williams), Brooklyn (Williams), Wolf Bay (Dunn)
  • Comments: Nary a Newfield nor an OXY USA permit; but another two CLR Brooklyn field wells (wow); the Robinson Lake wells will be running north to south; two others in this area are running south to north; elsewhere I've talked about heel-to-toe/toe-to-heel for fracking purposes; by the way the wells in this immediate area in Robinson Lake have or will blow through 100,000 bbls by the end of first full year of production;
Encore is still operating in North Dakota; a very old producing well (#06992) was operator-transferred from Denbury Onshore to Encore Energy

Wells coming off the confidential list were reported earlier; see sidebar at the right.

Producing wells completed:
  • 19707, 288, Slawson, Ambush 1-31-30H, wildcat, t10/12; cum 1K 912;
  • 21953, 2,790, BEXP, Cvancara 20-17 2TFH, Alger, t9/12; cum 14K 9/12;
  • 22180, 545, True Oil, Slash Federal  44-33-4-9H, Bowline, t10/12; cum 3K 9/12;
  • 22700, 1,171, SM Energy, Norby 9X-20HA, Charlson, t8/12; cum 39K 9/12;
  • 23251, 2,370, Whiting, Rohde 41-1H, Sanish, t9/12; cum 6K 9/12;
Also, sixteen (16) wells were reported to be "plugged or producing."

*A few permits have been canceled this year, but won't have significant effect on final number of permits issued.

Keep An Eye on MRO's Eagle Ford Burrow -- A "Monster" Well? -- Or Just More Chatter?

Updates

November 6, 2012: a reader found the transcript:
 "Our investment in the Eagle Ford shale a little more than a year ago, and our bolt-on acquisitions since then, continue to deliver value beyond original expectations. Not only have we improved the speed and efficiency of our drilling and completions there, we also continue to optimize well spacing which could significantly increase drillable locations and recoverable reserves. One recent Gonzales County well, the Burrow 2-H in which we hold a 100 percent working interest, achieved a 24-hour rate of 6,275 barrels of oil equivalent per day (boed), of which 4,646 barrels were oil and condensate.
Original Post

From MRO transcript, apparently. I haven't found the original source/transcript yet; this note from SeekingAlpha:
Tuesday, November 6, 3:15 PM Marathon Oil adds to earlier gains from its Q3 results as CEO Clarence Cazalot tells a conference call the company "is positioned to meet or exceed our full-year production targets." MRO raises in FY13 target for Eagle Ford production to ~85K net boe/day from 70K prior, and Bakken production to ~33K net boe/day from 30K; its Eagle Ford Burrow well could be a "monster."

The Clouded Leopard -- For Apple Fans; For the Bakken, Scroll Up, Down, or Sideways

Updates

June 22, 2013: some weeks ago at the WWDC, Apple announced the new name for Apple OS. They briefly considered "Sea Lion." Apple has decided to switch direction. New operating systems will be named after landmarks in California. The first one is Mavericks, a surfing locale off San Francisco.

Original Post

Early signs of OS 10.9 appearing --
  • Apple OS 10.9 -- your guess here --
  • Apple OS 10.8 -- Mountain Lion -- July 25, 2012 -- 9th major release of OS X
  • Apple OS 10.7 -- Lion -- July 20, 2011 -- 8th major release of OS X
  • Apple OS 10.6 -- Snow Leopard -- June 8, 2009, 7th major release of OS X
  • Apple OS 10.5 -- Leopard -- October 26, 2007, 6th major release of OS X
  • Apple OS 10.4 -- Tiger -- April 29, 2005, 5th major release of OS X
  • Apple OS 10.3 -- Panther -- October 24, 2003, 4th major release of OS X
  • Apple OS 10.2 -- Jaguar -- August 23, 2002, 3rd major release of OS X
  • Apple OS 10.1 -- Puma -- September 25, 2001, 2nd major release of OS X
  • Apple OS 10.0 -- Cheetah -- March 24, 2001, 1st release of OS X 
Other than the "Clouded Leopard" found in southeast Asia, there are few other distinctive big cat names available.

How appropriate. But is it a "leopard too far"?

By the way, my nine-year-old granddaughter knew of the clouded leopard; she said it was in the National Geographic Almanac.  That I did not know.

Lease Results -- North Dakota State -- November, 2012

Results of the oil and gas lease sales auction, November, 2012, Department of North Dakota Trust Lands:
  • Highest bonus paid/acre: $15,300/acre, 5-153-101, Diamond Resources, McKenzie county, 5 acres;
  • Highest bonus paid/tract: $8,400/acre x 160.03 acres --> $1.3 million, 12-94-153, Diamond Resources
  • Most active township: 153-94, McKenzie County, Diamond Resources
  • Most active townships: 152-93, 153-93, 153-94, McKenzie County, Diamond Resources 
  • Most active bidder: Diamond Resources
So, where is this area of interest in McKenzie County?
  • The five acres that sold for $15,300/acre appears to be in an undesignated area, just south of Todd oil field, south of Williston, under the river on the McKenzie side of the county line;  it will most likely become part of the Indian Hill oil field.
  • It appears the 160.03 acres @ $8,400/acre is under the water in an undesignated area between the Sanish oil field and Elm Tree.
  • Another 160 acre tract @ $8,400/acre is also under water just north of the reservation, west of the Sanish, southeast of Elm Tree.
There are sources that suggest Diamond Resources is working for Continental Resources.