Wells Coming Off Confidential List On Wednesday; Oasis Reports Two Huge Wells; 2/8 To DRL Status; XTO With Two Huge Wells

The wells:

• 23318, 935, WPX, Adam Good Bear 15-22HX, Van Hook, Three Forks, t11/13; cum 387K 8/21; cum 410K 6/22;
• 23412, AB/IA/2,074, XTO, Hegg 21-29SEH, Siverston, UPPER Three Forks, 78 hours to KOP; curve in 12.8 hours; lateral in 8 days; > 2,500 units gas; t7/13; cum 184K 3/20; off line 11/20; cum 192K 11/20;
  
• 24037, 1,868, XTO, FBIR Darcie 34X-14H, Heart Butte, Three Forks; 30 stages; 3.2 million lbs; highest gas shows at 3,300 units; t6/13; cum 179K 3/20; cum 199K 8/21; cum 204K 6/22;
  
• 24079, 3,581, Oasis, Anonsen 5393 14-3B, Sanish, a nice well; t3/13; cum 392K 3/20; cum 418K 8/21; cum 436k 6/22;
  
• 24080, 2,627 Oasis, Flavin 5393 14-3T, Sanish, a nice well, t3/13; cum 265K 3/20; cum 271K 7/21; off line 8/21; recently off line; back on line; cum 272K 6/22;
  
• 24196, 2,251,  Whiting/KOG, P Evans 154-99-2-4-9-15H3, Stockyard Creek, Three Forks; t8/13; cum 223K 3/20; cum 234K 8/21; cum 241K 5/22;
  
• 24656, 882, Oasis/SM Energy, Hartel 1-26HB, Siverston, no production data, on a 3-well pad, first to be drilled; middle Bakken, background gas in 1,800 range; t8/13; cum 371K 3/20; off line as of 3/19; remains off line 5/19; back on line as of 6/19; cum 438K 8/21; cum 462K 6/22;
  
• 24969, TA/103, American Eagle, Karen 3-2N-163-101, Colgan, Three Forks, 35 stages; 2.7 million lbs (all sand); producing, t5/13; cum 18K 3/15;

 ********************************
 The Adam Good Bear Wells

The wells:

• 19515, IA/826, WPX, Adam Good Bear 15-22H, Van Hook, t8/11; cum 467K 3/20; recently off line; now back on line, cum 469K 6/22;
  
• 23317, 1,105, WPX, Adam Good Bear 15-22HW, Van Hook, t11/13; cum 454K 3/20; cum 482K 8/21; cum 496K 6/22;
  
• 23318, 935, WPX, Adam Good Bear 15-22HX, Three Forks, Van Hook, t11/13; cum 347K 3/20; cum 387K 8/21; cum 410K 6/22;
  
• 24461, 2,254, WPX, Adam Good Bear 15-22HC, Van Hook, Van Hook, t8/13; cum 369K 3/20; 398K 8/21; cum 410K 6/22;
  
• 24462, 1,960, WPX, Adam Good Bear 15-22HY, Van Hook, t9/13; cum 307K 3/20; cum 330K 8/21; cum 340K 6/22;
  
• 24463, A, WPX, Adam Good Bear 15-22HD, Van Hook, t--; cum 348K 3/20; cum 376K 8/21; cum 390K 6/22;
  

 ********************************

Early production:

• 24079, see above, Oasis, Anonsen 5393 14-3B, Sanish, a nice well:

Date	Oil Runs	MCF Sold
6-2013	13238	7208
5-2013	13440	3772
4-2013	18320	7182
3-2013	25617	16

•   24080, see above, Oasis, Flavin 5393 14-3T, Sanish, a nice well:

Date	Oil Runs	MCF Sold
6-2013	11096	10920
5-2013	12531	13059
4-2013	20224	8713
3-2013	21889	1

Eleven (11) New Permits -- The Williston Basin, North Dakota, USA; Abraxas Has A Nice Well; KOG Has A High-IP Well

Active rigs: 185 (trending up)

Eleven (11) new permits --

• Operators: CLR (4), Triangle (3), QEP (2), Petro-Hunt, SM Energy
• Fields: Ambrose (Divide), Rawson (McKenzie), North Tioga (Burke), Grail (McKenzie), Dollar Joe (Williams)
• Comments:

Wells coming off the confidential list included a monster well; they were posted earlier; see sidebar at the right.

Seven (7) producing wells completed:

• 22662, 1,369, Sinclair, Harris Federal 1-29H, Lone Butte, t6/13; cum 2K 6/13;
• 23281, 411, CLR, Krehlik 1-11H, Billings, Barta, t7/13; cum --
• 23625, 1,275, Abraxas, Lillibridge 20-17-4H, Pershing, t8/13; cum --
• 24005, 634, CLR, Columbia 4-5H, Dollar Joe, t9/13; cum --
• 24606, 2,118, KOG, P Wood 154-98-4-27-34-13HA, Truax, t7/13; cum --
• 24762, 567, True, True Federal 21-3-3-10H, Bowline, t8/13; cum --
• 25255, 1,926, Liberty Resources, Cavalli State 156-100-9-4-11TFH, East Fork, t7/13; cum --

The Barta oil field is located northwest of Dickinson; it's near Whiting's Pronghorn Prospect.

In addition, sixteen (16) more wells were reported as plugged or producing. We will see those results soon. 

49 Stages And 10 Million Pounds Of Sand Later: A Monster Well For EOG

24281, 1,833, EOG, Parshall 32-0225H, Parshall, middle Bakken, spectacular well; 137K in less than 4 months; 1920-acre spacing.

How did they do it? With 49 stages and 10,178,260 pounds of proppant and it looks like it was all sand.

With a total depth of 19,574 feet, this is not a particularly long horizontal -- about average for a "long horizontal" in the Bakken. 

For newbies: a long, long time ago, we discussed 60-stage fracks in the Bakken. "They" say they have the technology but to the best of my knowledge we have not seen a 60-stage frack in the Bakken,but I would love to corrected on that.

Mike Filloon has talked about the new completion strategies EOG is using. 

A rail hopper can carry up to 110 tons? 110 x 2,000 = 220,000 lbs.
10,000,000 / 220,000 = 45 hoppers. A mile-long train, I guess, is about 100 railroad cars. I could be way off on these figures. Just what I find on the net. I know as much about the railroad as I know about .... but if the figures are close, EOG can frack two wells with the sand they carry in a 110-car unit train.

Even The New York Times Is Starting To See Hypocrisy In The Green Movement

First it was the expose on the Bill, Hillary, and Chelsea Foundation. Now it's the story on the self-righteousness of Portland, Oregon. It almost seems that The New York Times is starting to see the importance of being a bit more fair and balanced.

At one time, these stories bothered me a lot -- stories about the environmental activists shutting down ports that ship coal -- but they bother me less every day, now that I know the five biggest coal-exporting ports are on the East Coast and on the Gulf of Mexico. If the northwest wants to close its ports, it will hardly be a ripple outside the region. The Ports of Los Angeles and Long Beach will be more than happy to pick up the slack.

But I digress.

The big story here is that even The New York Times sees the hypocrisy of the activist environmentalists in the Northwest. Good for The Times.

The story:

Now, plans by the energy industry to move increasing amounts of coal and oil through the region by rail, bound for Asia, are pulling at all the threads of that self-portrait.

Last September, the first trains of crude oil from the Bakken fields in North Dakota began chugging through. Since then, energy companies have drafted proposals for new storage, handling and shipment capability almost equivalent to the controversial Keystone XL pipeline, which is facing a deeply uncertain path of federal regulatory approval.

Mile-long trains from the coal mines of Wyoming already run daily, and the load could more than double if three big proposed export terminals gain approval and financing.

The expected outrage has ensued.

The proposals “do violence to many Northwesterners’ concept of their place and what it stands for,” Alan Durning, the founder and executive director of the Sightline Institute, an environmental research group in Seattle, said in an e-mail.

Environmental groups led by the Sierra Club have filed a federal lawsuit accusing the BNSF Railway, which dominates the freight system, of violating the federal Clean Water Act by letting coal spill into waterways from its tracks. The State of Washington, in assessing the permit application of a proposed coal terminal near Bellingham, said in July that it would take a macro-environmental approach, looking at impacts of the project along the entire length of the coal transit route, including the burning of the coal in China.

But with the promise of jobs, the effort is moving ahead. The biggest oil shipment project yet proposed, which would be able to process about 360,000 barrels a day, was given an initial lease approval by the Port of Vancouver, Wash. The reality of the Northwest’s environmental image has always been more nuanced than the stereotype suggests.

Huge dams on the Columbia River make Washington and Oregon Nos. 1 and 2 in the nation in renewable hydroelectricity. But the cheap electricity from those dams fostered an aerospace industry that is hardly carbon neutral. A multistate planning compact made the region a national leader in energy efficiency. But Washington’s big oil refineries can pump out more old-fashioned gasoline than all but a handful of other states. 

More at the link. 

By the way, the only region mile-long oil trains are on the tracks is because the activist environmentalists have convinced "someone" pipelines are dangerous to the environment. LOL.

Crude Oil Inventories: Snapshot

I don't really care for these snapshots. Because that's all they are -- simply snapshots.

But I am ready to sign off for the day and want to leave an "oil story" at the top of the blog.

Market Realist is reporting:

On August 14, the DOE reported a decrease in crude oil inventories of 2.8 million barrels. In contrast, analysts actually expected a crude oil inventory draw of 1.5 million barrels. The larger-than-expected decrease in inventories was a positive signal for oil prices.

But:

... crude inventories had been much higher than where they were in the past five years at the same point in the year (though they’ve recently closed in under comparable 2012 levels). There’s been a surge in U.S. crude oil production over the past several years. Inventories had accrued because much of the excess refinery and takeaway capacity soaked up, and it took time and capital for more to come online. This caused the spread between WTI Cushing (the benchmark U.S. crude, which represents light sweet crude priced at the storage hub of Cushing, Oklahoma) and Brent crude (the benchmark international crude, which represents light sweet crude priced in the North Sea) to blow out. However, over the course of 2013, this has closed in considerably, so that the two benchmarks trade almost in line again.

Most of this is already known by regular readers.

Thank you. By they way, my page views have gone over the 5-million mark. I lost interest in the number of page views when I lost viewers due to a hacker, but the blog is gradually coming back. 

Good luck to everyone.