This CLR Middle Bakken Well Drilled In 2011 Has Hit The Million-Barrel Milestone In Early 2014

This middle Bakken well passed the one-million-bbl milestone in early April, 2014. Pretty exciting:

• 20210, 803, CLR, Whitman 2-34H, Oakdale: 2,888 boe (IP); 34-147-96; 24 stages; 2.4 million lbs sand/ceramic; t9/11; cum 1.48 million; 

Recent production:

Pool

	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2016	19	8745	8486	137	8366	8217	0
BAKKEN	8-2016	0	0	237	0	0	0	0
BAKKEN	7-2016	30	10534	10558	350	11332	10035	1065
BAKKEN	6-2016	30	11354	11279	440	12596	8945	3412
BAKKEN	5-2016	31	12067	11991	479	14115	13656	212
BAKKEN	4-2016	27	10189	10128	528	11146	10973	0
BAKKEN	3-2016	22	7488	7556	378	8345	8035	148
BAKKEN	2-2016	28	14342	14489	508	17102	14948	1937
BAKKEN	1-2016	31	16387	16135	573	17603	14354	3001

Recent production: The last twelve months or so of production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2014	31	20798	20698	730	24251	23803	200
BAKKEN	11-2014	30	18788	18653	607	22496	20395	1880
BAKKEN	10-2014	31	20589	20706	720	25254	25006	0
BAKKEN	9-2014	30	20746	20784	727	24407	21003	3165
BAKKEN	8-2014	31	21390	21455	738	24481	24079	160
BAKKEN	7-2014	31	23110	23022	829	26324	26324	0
BAKKEN	6-2014	30	23172	23155	857	25427	23407	2020
BAKKEN	5-2014	31	21594	21690	737	23179	23179	0
BAKKEN	4-2014	30	24166	23964	701	26426	26085	341
BAKKEN	3-2014	31	25784	25744	822	28446	28446	0
BAKKEN	2-2014	26	22200	22270	608	24336	24336	0
BAKKEN	1-2014	31	27484	27539	901	29593	29593	0
BAKKEN	12-2013	31	22134	22158	545	23471	23471	0

I track "Monster Wells" here. 

Random Update On Two 5-Well Pads In Heart Butte

Just for the fun of it, nothing else.

Original Post

 

Remember: the October, 2011, hearing dockets has a case presented by QEP for ten wells on a 2560-acre spacing unit. Case 15695. They may not all be on the same pad, but there's not much land to work with in this area where much of it is under water (Missouri River). It will be interesting to follow.

Case 15695:

Application of QEP Energy Co. for an order amending the field rules for the Heart Butte and/or Van Hook Fields creating one 2560-acre spacing unit in the Bakken Pool described as Sections 2 and 3, T.149N., R.92W., Dunn and Mountrail Counties, ND and Sections 34 and 35, T.150N., R.92W., Mountrail County, ND authorizing the drilling of up to ten horizontal wells within each spacing unit at any location .....

Update: screenshot taken May 8, 2014:

The ten wells sit on two 5-well pads, all spaced at four sections:

• 23331, 2,282, QEP, MHA 1-03-34H-150-92, t3/13; cum 114K 3/14;
• 23332, 2,348, QEP, MHA 3-03-34H-150-92, t3/13; cum 116K 3/14;
• 23333, 2,310, QEP, MHA 1-03-35H-150-92, t3/13; cum 110K 3/14;
• 23334, 1,949, QEP, MHA 3-03-35H-150-92, t3/13; cum 90K 3/14;
• 23335, 1,791, QEP, MHA 1-03-35H-150-92, t3/13; cum 74K 3/14;
• 23336, 1,386, QEP, MHA 4-03-35H-150-92, t12/13; cum 21K 3/14;
• 23337, 873, QEP, MHA 1-03-02H-149-92, t12/13; cum 12K 3/14;
• 23338, 1,831, QEP, MHA 3-03-02H-149-92, t12/13; cum 28K 3/14;
• 23339, 2,217, QEP, MHA 2-03-02H-149-92, t12/13; cum 46K 3/14;
• 23340, 2,306, QEP, MHA 4-03-02H-149-92, t12/13; cum 67K 3/14;

Three EOG Wells Ready To Report Near An Old EOG Well

Reminder to self: these three wells are in section 16-153-90 where an old Bakken well sits:

• 25661, 65 (no typo), EOG, Wayzetta 25-1617H, Parshall, t12/13; cum 300K 11/17;
• 25662, 1,084, EOG, Wayzetta 158-1617H, Parshall, t12/13; cum 353K 11/17;
• 25663, 219, EOG, Wayzetta 37-1617H, Parshall, cum 441K 11/17;

The old Bakken well is now a water injection well:

• 17170, A/PWI/667, EOG, Wayzeta 4-16H, Parshall, Bakken, s4/08; t7/08; AL; 487K 11/17; -- pretty impressive -- no pump; >300K after 3 years; a short lateral; 6 frack stages (?); go back and check reason for huge bump-up in 1/14; on a pump now;

 ************************************

25661, see above, EOG, Wayzetta 25-1617H, Parshall:

Date	Oil Runs	MCF Sold
3-2014	29456	1
2-2014	7087	0
1-2014	222	0
12-2013	10758	0
11-2013	328	0

 25662, see above, EOG, Wayzetta 158-1617H, Parshall:

Date	Oil Runs	MCF Sold
3-2014	25314	1
2-2014	8705	0
1-2014	16799	0
12-2013	15366	0
11-2013	978	0

 25663, see above, EOG, Wayzetta 37-1617H, Parshall:

Date	Oil Runs	MCF Sold
3-2014	17041	1
2-2014	11799	0
1-2014	29417	0
12-2013	29919	0
11-2013	2079	0

This Beats All -- A Non-Bakken Story -- Could Be Biggest Story Of They Week

It looks like Apple will buy Beats Electronics. I was looking at a pair of Beats headphones in the local Apple store a couple of weeks ago; Beats will be my next headphone purchase. But what a surprise, Apple buying Beats.

Apple carries very, very brands other than Apple in its retail stores. I was surprised to see Beats being heavily marketed in the store, but in retrospect it does not surprise me. It's my opinion that headphones are a commodity; there is a range of quality and price for everyone. What sets Beats apart is what sets Apple apart: cachet. When you buy an iPhone, just like buying Beats headphones, you aren't buying hardware; you're buying awesome.

Can they afford Beats? It's gonna cost Apple about $3.5 billion dollars. Oh, not to worry. Apple has about $150 billion in cash. The story at the link:

Apple is said to be paying $3.2 billion dollars for the company, a sum that dwarfs the $404 million Apple spent to acquire NeXT in 1996, its largest purchase to date. As of its last earnings call, Apple had some $150 billion in cash on hand, plenty to cover the large acquisition.

Tim Cook said earlier this year that the company was open to making large acquisitions if the purchases made sense. "We have no problem spending 10 figures for the right company, for the right fit that's in the best interest of Apple in the long-term. None. Zero."

In addition to producing a range of popular premium headphones and speakers that Apple currently sells in its stores, Beats also recently launched its Beats Music service, a direct competitor to Spotify, Pandora, and Apple's own iTunes Radio service. Beats Music is, however, a subscription-based on-demand service, which could bolster Apple's free station-based iTunes Radio service.

By the way, here's another columnist/analyst that does not get it. 

Parallel to this magical denial fantasy, Apple’s rigid stance, that it must build everything in house, even as it was generating the massive financial resources necessary to make strategic purchases, froze progress and hurt the company badly. Apple flat out missed Nest, a company recently acquired by Google, built by ex-Apple guys, that makes connected thermostats, fire detectors and the like - beautifully designed products that are a part of the internet of things and forward looking.

No, Apple is not into thermostats and fire detectors. Apple is into 'awesome.'

Seven (7) New Permits -- The Williston Basin, North Dakota, USA

Reporting tomorrow:

• Enerplus ERF.TO (n/a): 20 cents (1Q14) vs 8 cents a year ago; strong report;
• Magnum Hunter Resources MHR (a loss of16 cents): misses by a penny or maybe even 2 cents worse than forecast

Active rigs:

	5/8/2014	05/08/2013	05/08/2012	05/08/2011	05/08/2010
Active Rigs	191	185	209	177	111

Seven (7) new permits --

• Operators: Hess (5), Ballantyne, CLR
• Fields: Alkali Creek (Mountrail), Glenburn (Renville), Antelope (McKenzie)
• Comments:

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

One (1) producing well completed: 

• 26722, 640, Triangle, Stte 152-102-36-25-6H, Elk, t4/14; cum 3K 3/13;

Wells coming off confidential list Friday:

• 25294, drl, Hess, EN-Weyrauch 154-93-1918H-8, Robinson Lake, no production data,
• 25863, 637, Newfield, Holm 150-98-5-8-10H, Siverston, t3/14; cum 12K 3/14;
• 26107, 404, Slawson, Rum Runner 1-16-9H, East Tioga, t3/14; cum 13K 3/14;
• 26471, 1,048, Newfield, Wisness State 152-96-21-16-11H, Westberg, t2/14; cum 23K 3/14;