Sometimes IPs Don't Even Come Close To Telling The Whole Story: All Three Of These Are Three Forks Wells; All In The Same Section

Some additional comments:

• all three of these wells are on a 5-well pad; these three are on DRL status; two others on CONF status
• two of three below were originally permitted to be middle Bakken wells; changed to TF wells
• the Three Forks is often thought to be best on the fringes of the middle Bakken, or the pinchout; these wells are smack dab in the middle of the middle Bakken play in western North Dakota

Another well sited in this section:

• 18211, 1,000, Slawson, Minx 1-29H, Big Bend, middle Bakken; 18 stages; 176,800 lbs; blew out while fracking; t10/09; cum 188K 6/13;

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Sometimes IPs don't even come close to telling the whole story:

THREE FORKS WELL/MDW
NDIC File No: 20810     API No: 33-061-01743-00-00
Well Type: OG     Well Status: A     Status Date: 6/4/2013     Wellbore type: Horizontal
Location: SWSE 29-152-92     Footages: 300 FSL 1330 FEL     Latitude: 47.949777     Longitude: -102.476832
Current Operator: SLAWSON EXPLORATION COMPANY, INC.
Current Well Name: MOOKA 2-29-20TFH
Elevation(s): 1907 KB   1884 GR   1884 GL     Total Depth: 20090     Field: BIG BEND
Spud Date(s):  11/15/2012
Casing String(s): 9.625" 1722'   7" 10573'  
Completion Data
   Pool: BAKKEN     Perfs: 10573-20090     Comp: 6/4/2013     Status: F     Date: 6/15/2013     Spacing: 2SEC
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 21565     Cum MCF Gas: 7768     Cum Water: 9582
Production Test Data
   IP Test Date: 6/15/2013     Pool: BAKKEN     IP Oil: 669     IP MCF: 395     IP Water: 337

Monthly Production Data

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	6-2013	30	21565	20737	9582	7768	7468	0

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THREE FORKS WELL/MDW
NDIC File No: 24217     API No: 33-061-02308-00-00
Well Type: OG     Well Status: A     Status Date: 6/6/2013     Wellbore type: Horizontal
Location: SWSE 29-152-92     Footages: 300 FSL 1380 FEL     Latitude: 47.949776     Longitude: -102.477036
Current Operator: SLAWSON EXPLORATION COMPANY, INC.
Current Well Name: MOOKA 3-29-20TFH
Elevation(s): 1907 KB   1884 GR   1886 GL     Total Depth: 19942     Field: BIG BEND
Spud Date(s):  11/20/2012
Casing String(s): 9.625" 1885'   7" 10534'  
Completion Data
   Pool: BAKKEN     Perfs: 10534-19942     Comp: 6/6/2013     Status: F     Date: 6/24/2013     Spacing: 2SEC
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 21694     Cum MCF Gas: 11658     Cum Water: 9336
Production Test Data
   IP Test Date: 6/24/2013     Pool: BAKKEN     IP Oil: 733     IP MCF: 423     IP Water: 407

Monthly Production Data

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	6-2013	26	21694	20936	9336	11658	11398

*************************** THREE FORKS WELL/MDW
NDIC File No: 24218     API No: 33-061-02309-00-00
Well Type: OG     Well Status: A     Status Date: 6/5/2013     Wellbore type: Horizontal
Location: SWSE 29-152-92     Footages: 300 FSL 1355 FEL     Latitude: 47.949776     Longitude: -102.476934
Current Operator: SLAWSON EXPLORATION COMPANY, INC.
Current Well Name: MOOKA 4-29-20H
Elevation(s): 1906 KB   1884 GR   1885 GL     Total Depth: 19865     Field: BIG BEND
Spud Date(s):  11/18/2012
Casing String(s): 9.625" 1743'   7" 10463'  
Completion Data
   Pool: BAKKEN     Perfs: 10463-19865     Comp: 6/5/2013     Status: F     Date: 6/8/2013     Spacing: 2SEC
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 23656     Cum MCF Gas: 9670     Cum Water: 11110
Production Test Data
   IP Test Date: 6/8/2013     Pool: BAKKEN     IP Oil: 997     IP MCF: 482     IP Water: 893 Monthly Production Data

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	6-2013	27	23656	22892	11110	9670	9400

Tweets Are Tweets, And Where There's Smoke, There's Fire

There are two reasons why a company might spin off assets.

Earlier it was reported that OXY USA might spin off its California assets.

Regular readers also know that Chevron is moving people and resources from San Francisco to Houston.

I may be reading too much into these two stories, or reading too much between the lines, but headlines are headlines, and tweets are tweets.

Confirmation: Canada Is Not Sitting Around, Waiting For The President To Make A Decision

Platts is tweeting:

Kinder Morgan, Keyera to complete 40,000 b/d Edmonton crude oil rail loading terminal by Q2 2014; may later boost to 125,000 b/d.

Put this bit of trivia into context.

See this post yesterday, and updated today. Canada not sitting around waiting for the Keystone XL to be approved. You know, before this is all over, things may work out better than expected. To the Canadians, the president will be seen as the jerk they already think he is -- unable to make a decision one way or the other -- and Canada will still sell all the oil then can produce. 

Put all of this into the context of an earlier Platts essay: CBR will keep on chugging.

A $10,000 Wrinkle

Updates

August 8, 2013: "the fix is in" -- Matt Drudge

Original Post

 
The New York Times calls it a wrinkle:

As President Obama barnstorms the country promoting his health care law, one audience very close to home is growing increasingly anxious about the financial implications of the new coverage: members of Congress and their personal staffs.

Under a wrinkle that dates back to enactment of the law, members of Congress and thousands of their aides are required to get their coverage through new state-based markets known as insurance exchanges.

But the law does not provide any obvious way for the federal government to continue paying its share of the premiums for the comprehensive coverage.

If the government cannot do so, it could mean an additional expense of $5,000 a year for individuals and $11,000 for families under some of the most popular plans.

Not surprisingly, that idea is unpopular on Capitol Hill. 

Conspiracy theory: this was not an oversight. Capital Hill lawyers are not dummies. They put this in the bill as such to get the bill passed: they could honestly say that Congress did not get the usual Congressional break. They were subject to the same law that everyone else was subject to.

Had Congress exempted themselves in the original bill, it never would have passed. In fact, it's very possible President Obama would not have allowed it. No doubt President Obama is very, very sincere that his health bill is the best thing since ... well, FDR's social security program.

You can bet that this will be corrected with a simple amendment attached to an unrelated bill that must be passed, such as a defense appropriations bill, or a "continuing resolution bill" to continue funding the government. Congress will take care of themselves and their secretaries (and interns). Not to worry. Nothing will change for Congress.

Wells Coming Off Confidential Llist Wednesday; 4/6 Go To DRL Status; EOG Has Another Gusher In Clarks Creek

• 20513, 2,365, EOG, Riverview 3-3130H, Clarks Creek, t3/13; cum 116K 6/13;
• 23286, drl, Statoil, Bures 20-29 4TFH, Alger, no data,
• 23405, 183,  Fidelity, Jerry 15-22H, Stanley, t3/13; cum 17K 6/13;
• 24086, drl, Statoil, Sax 25-36 4TFH, Banks, no data,
• 24402, drl, SM Energy, Koeser 3X-26HB, Siverston, no data,
• 24504, drl, Hess, BB-State 151-96-3625H-4, Blue Buttes, no data,

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 20513, see above, EOG, Riverview 3-3130H, Clarks Creek:

Date	Oil Runs	MCF Sold
5-2013	35626	2206
4-2013	37326	0
3-2013	42129	0