Sunday, April 28, 2013

Random Look At Two 9-Well Hess Pads in Robinson Lake; Potentially 18-Well Pads

 This started out as a 6-well pad, but three more wells have been added.

This started out as a 6-well pad, but three more wells have been added.

The original 6-well pad (the original post), 2560-acre spacing; this is the only 2560-acre spacing unit in the Robinson Lake. I assume there will eventually be overlapping 2560-acre spacing units in the rest of the Robinson Lake. Also, note how long ago the original Cvancara wells were put in -- back in late 2011, and they already had 2560-acre spacing units. The original wells are about 1.5 years old and already exceed 100,000 bbls total production:

  • 19899, 603, Hess, EN-Fretheim A-155-93-3334H-3, Robinson Lake, t4/12; cum 82K 2/13;
  • 19900, 1,037, Hess, EN-Cvancara A-155-93-3231H-3, Robinson Lake, t12/11; cum 129K 2/13;
  • 19901, 668, Hess, EN-Fretheim A-155-93-3334H-2, Robinson Lake, t11/11; cum 112K 2/13;
  • 19902, 1,132, Hess, EN-Cvancara A-155-93-3231H-2, Robinson Lake, t11/11; cum 151K 2/13;
  • 19903, 795, Hess, EN-Fretheim A-155-93-3334H-1, Robinson Lake, t11/11; cum 133K 2/13;
  • 19905, 1,341, Hess, EN-Cvancara A-155-93-3231H-1, Robinson Lake, t10/11; cum 199K 2/13;
Now, add three more:
  • 24868, drl, Hess, EN-Fretheim A 155-93-3334H-9, Robinson Lake,
  • 24869, 868, Hess, EN-Fretheim A 155-93-3334H-8, Robinson Lake, t8/13; cum 84K 6/14;
  • 24870, 662, Hess, EN-Fretheim A 155-93-3334H-7, Robinson Lake, t8/13; cum 74K 6/14;
Also, note: for the Fretheim wells, the shorthand is Fretheim-1; Fretheim-2; Fretheim-3; Fretheim-7; Fretheim-8; and, Fretheim-9; suggesting that #4, #5, and #6 are yet to be filled in (and they were; see below). Doing the same for the Cvancara wells, and one quickly has an 18-well pad. Lynn Helms, Director/NDIC, recently mentioned that we will be seeing 18-well pads very, very soon.

25788, 762, Hess, EN-Cvancara A-155-93-3334H-6, Robinson Lake, t4/14; cum 35K 6/14;
25787, 758, Hess, EN-Cvancara A-155-93-3334H-5, Robinson Lake, t4/14; cum 36K 6/14;
25786, 1,121, Hess, EN-Cvancara A-155-93-3334H-4, Robinson Lake, t4/14; cum 51K 6/14;
28576, conf, Hess, EN-Fretheim A-155-93-3334H-4, Robinson Lake,
28575, conf, Hess, EN-Fretheim A-155-93-3334H-5, Robinson Lake,
28574, conf, Hess, EN-Fretheim A-155-93-3334H-6, Robinson Lake, 

******************************

Likewise, this started out as a 6-well pad in Robinson Lake, but three more wells have been added. First, the original 6 wells:
  • 19074, 629, Hess, EN-Frandson-154-93-2116H-1; RL, Bkn, t12/10; cum 107K2/13;
  • 19075, 225, Hess, EN-Frandson-154-93-2116H-2; RL, Bkn, s8/10; t5/11; cum 91K2/13;
  • 19076, 1,325, Hess, EN-Frandson-154-93-2116H-3; RL, Bkn, s8/10; t8/11; cum 215K 2/13;
  • 19077, 717, Hess, EN-Trinity-154-93-2833H-1; RL, Bkn, s7/10; t2/11; cum 141K 2/13;
  • 19078, 941, Hess, EN-Trinity-154-93-2833H-2; RL, Bkn, s8/10; t7/11; cum 150K 2/13;
  • 19079, 1,125, Hess, EN-Trinity-154-93-2833H-3; RL, Bkn, s8/10; t8/11; cum 197K 2/13;
Now, these three wells have been added:
  • 25203, conf, Hess, EN-Trinity-154-93-2833H-4, Robinson Lake,
  • 25204, conf, Hess, EN-Trinity-154-93-2833H-5, Robinson Lake,
  • 25205, conf, Hess, EN-Trinity-154-93-2833H-6, Robinson Lake,
Unlike the first 9-well pad discussed above, which was on 2560-acre spacing, this 9-well pad is on1280-acre spacing.

Fisker Owners Unloading Cars At Huge Loss -- Well, At Least Trying To Unload Them

The LA Times is reporting:
In a week in which beleaguered Fisker Automotive failed to make a $10-million loan payment, owners are looking to unload their cars. In some cases, they are seeing some very low offers.
There were 48 listings for the high-end, hybrid electric Fisker Karma Eco-Chic and Eco-Sport cars on the Yahoo! auto sales pages.
That might not seem like a lot, but the new- and used-car research company Edmunds said there were only 947 new registrations of Fisker automobiles between January 2012 and February of this year.
Fisker Automotive hasn't sold a new car in nearly a year. On Wednesday, its executives were grilled on Capitol Hill on whether the company had used political influence to finance a fatally flawed business plan.
Fisker had been scheduled to start to pay down about $192 million it had borrowed under the Energy Department's Advanced Technology Vehicles Manufacturing Loan Program. It also laid off most of its workers this month.

Wells Coming Off The Confidential List Over The Weekend and Monday; Fidelity Will Have A Huge Well; Liberty Resources Has A Big Well; OXY Has Another OXY Well; G3 Operating With A Huge Well; Whiting With A Huge Madison Well

Initial production numbers for wells coming off the confidential list last Thursday and Friday have been posted.

Coming off the list over the weekend, and Monday:

Monday, April 29, 2013:
  • 23222, drl, Fidelity, Pavel 14-23H, Zenith,
  • 23224, 2,473, KOG, Moccasin Creek 4-3-23-4H, Moccasin Creek, t2/13; cum 17K 2/13;
  • 23231, 116, Baytex, Joyce 4-9-160-98H 1BP, Skabo, t12/12; cum 5K 2/13;
  • 23479, 1,310, Fidelity, Sundts 23-14-15H, Stanley, 4-sec spacing, t10/12; cum 69K 3/13;
  • 23639, 1,482, WPX, Patricia Kelly 2-1HB, Spotted Horn, t3/13; cum --
  • 24040, drl, SM Energy, Broderson 2-27H, Siverston,
Sunday, April 28, 2013:
  • 20880, 814, G3 Operating, Fort Berthold 148-94-36D-25-2H, McGregory Buttes, t2/13; cum 5K 2/13;
  • 23201, 1,029, Liberty Resources, Lassey 152-103-27-34-1H, Glass Bluff, t11/12; cum 59K 2/13;
Saturday, April 27, 2013:
  • 21921, 97, Legacy, Legacy Etal Berge 5-7H, Red Rock, Spearfish, t12/12; cum 9K 2/13;
  • 23129, drl, Hess, SC-Norman 154-98-3130H-3, Truax, no production data,
  • 23247, 401, Whiting, BSMU 1806, Big Stick, Madison, t1/13; cum 16K 2/13;
  • 23424, 157, OXY USA, Sivak 1-29-28H-143-98, Hungry Man Butte, t10/12; cum 6K 2/13;
  • 23550, 965, G3 Operating, Fort Berthold 152-94-14C-11-2H, Antelope, t1/13; cum 32K 2/13;
  • 23597, 867, G3 Operating, Berg 1-30-31H, Good Luck, t2/13; cum 7K 2/13;
  • 23794, drl, KOG, Smokey 3-30-18-2H3, Pembroke,
  • 24041, drl, SM Energy, Broderson 2X-27HA, Siverston
NOTE: Whiting's BSMU well below. Madison wells do not have the decline rate for which the Bakken is famous. Ergo: this is a very, very good well.

************************

23224, see above, KOG, Moccasin Creek 4-3-23-4H, Moccasin Creek, on a gas pipeline:

DateOil RunsMCF Sold
2-2013165751345

23231, see above, Baytex, Joyce 4-9-160-98H 1BP, Skabo, 

DateOil RunsMCF Sold
2-20138010
1-20139970
12-201229980
11-20122120

 23479, see above, Fidelity, Sundts 23-14-15H, Stanley:

DateOil RunsMCF Sold
2-2013106953510
1-20131364121
12-2012169186336
11-2012253782718
10-201275650

23201, see above, Liberty Resources, Lassey 152-103-27-34-1H, Glass Bluff:

DateOil RunsMCF Sold
2-2013115920
1-2013125030
12-2012154660
11-2012128720
10-201256190

 23247, see above, Whiting, BSMU 1806, Big Stick: 

DateOil RunsMCF Sold
2-201365844458
1-201387765684
12-2012157211

23424, see above, OXY USA, Sivak 1-29-28H-143-98, Hungry Man Butte,

DateOil RunsMCF Sold
2-20136990
1-20139280
12-20129230
11-201223150
10-20124350

23550, see below, G3 Operating, Fort Berthold 152-94-14C-11-2H, Antelope:

DateOil RunsMCF Sold
2-2013148720
1-2013158740

****************************
A little sax:

He's a Rebel, The Crystals

The back story:

Interview, Darlene Love

The Darlene Love interview; poor quality, but very, very good, but too short:

Lost Opportunity: Just Some Random Rambling

I wish I had thought of this earlier; it's too late now and probably not worth the effort anyway.

I wish I had taken a screenshot of the NDIC GIS map the first of every month from the very beginning. With 200 rigs in a small area of western North Dakota, it's pretty much just a solid glob of green on the NDIC map, due to the density of the rigs.

However, starting a few months ago, I started to see more and more rigs moving from the center to the periphery. Tonight it is quite remarkable. The number of rigs has remained constant for quite some time but now we are starting to see them "spread out": to the north / northwest (Divide County); one rig to the far northeast; but most notable, a number of rigs moving south towards Dickinson and farther southwest.

For example. there are six rigs between Dickinson and Belfield, and another seven rigs north of these (south and southwest of Killdeer).

The seven rigs south and south west of Killdeer:
22761, drl, OXY USA, Crosby Creek 1-19-18H-144-98, a 2-well pad, Little Knife,
24718, drl, OXY USA, James Cross 1-5-8H-143-98, Little Knife,
22918, drl, OXY USA, Matthew Schmidt 3-35-2H-144-97, a 2-well pad, Cabernet,
25256, drl, MRO, Michael Charchenko 24-21H, Murphy Creek, 
22896, drl, OXY USA, William Kubischta 3-14-11H-143-96, a 4-well pad, Fayette,
22926, drl, OXY USA, Brew 3-13-12H-143-96, a 4-well pad, Murphy Creek,
24926, conf (ros), OXY USA, Eleanor Twist 2-4-10H-143-95, Murphy Creek,

A Big "Thank You" To Carpe Diem For The "Hat Tip"

The story is here. Scroll to the bottom of the post.

Mark Perry references the impact of a single well. It's already "crazy" and it's gonna get crazier: we're getting use to four-well pads in the Bakken. We are starting to see more 5-well and 6-well pads.

It's hard to believe, but we may start seeing more 10-well pads, or two 5-well pads next to each other. Some already exist, but relatively few. The wells at $10 million apiece will push a single 5-well pad or a 10-well pad to $50 million to $100 million. To help put that in perspective, KOG's 2013 CAPEX is $775 million, 75 net wells, according to their most recent corporate presentation.

But I think when we go to 10-well pads we will start to see mini-oil-pad-complexes (MOPC). For ten to twelve months these pads will be mini-industrial sites where sand and ceramics are staged over time. There will be a water pumping station or reservoir. Scores of tanks for commingling will be on site. Small natural gas processing plants will be built to provide power for ten pumps. McDonald's restaurants will move in on-site. Okay, kidding about that last one. But it wouldn't be surprising to see temporary living quarters on-site.