Thursday, February 16, 2017

North Dakota Oil Field Production -- November - December, 2016

Disclaimer: in a long spreadsheet like this, there will be typographical and factual errors. I did not double-check all entries. This is for my own use. Do not quote me on any of this. If this information is important to you, go to the source.
 
November and December, 2016, production data by field.

Top 20 oil fields in the Williston Basin.

Ranked by December, 2016, production.

"Percent change" month-over-month has to do with monthly production for that particular oil field. 

Field
Nov 2016 Prod
Nov Wells
Nov Oil / Well /Month
Percent Change Oct-to-Nov
Dec 2016 Prod
Dec Wells
Dec Oil / Well / Month
Percent Change Nov-to-Dec
Parshall
1,338,904
461
2,904
-3.28%
1,344,661
464
2,898
0.43%
Sanish
1,210,004
601
2,013
-4.95%
1,223,338
601
2,036
1.10%
Reunion Bay 
735,055
158
4,652
4.37%
766,122
160
4,788
4.23%
Antelope-Sanish
723,615
171
4,232
-10.66%
668,421
175
3,820
-7.63%
Grail
713,946
178
4,011
-11.69%
665,775
178
3,740
-6.75%
Siverston
658,717
238
2,768
17.03%
615,088
240
2,563
-6.62%
Blue Buttes
646,030
146
4,425
11.92%
584,941
150
3,900
-9.46%
Banks
730,996
190
3,847
8.15%
562,445
191
2,945
-23.06%
Van Hook
574,960
190
3,026
-22.99%
528,107
190
2,780
-8.15%
Eagle Nest
546,334
93
5,875
-21.25%
512,904
93
5,515
-6.12%
Alger 
586,799
314
1,869
4.93%
492,727
318
1,549
-16.03%
Alkali Creek
577,031
152
3,796
13.60%
470,015
152
3,092
-18.55%
Corral Creek
586,820
148
3,965
-17.38%
463,051
151
3,067
-21.09%
Camp
516,424
141
3,663
-13.48%
421,021
141
2,986
-18.47%
Heart Butte
499,181
179
2,789
-3.38%
419,950
180
2,333
-15.87%
Truax
424,646
175
2,427
7.13%
412,672
175
2,358
-2.82%
Poe
325,961
98
3,326
10.06%
406,472
102
3,985
24.70%
Spotted Horn
474,727
88
5,395
-7.90%
384,813
88
4,373
-18.94%
East Fork
355,955
110
3,236
21.53%
372,579
116
3,212
4.67%
McGregory Buttes
336,533
95
3,542
-14.62%
348,257
95
3,666
3.48%

The Market, Jobs, And Energy Page, T+27 -- February 16, 2017

Jobs: great jobs report. Continuing the Trump trend. From Business Insider:
  • rose less than expected
  • 239,000 vs forecast of 245,000
  • four-week moving average: 245,250 (an increase of 500 from previous week)
  • 102nd consecutive week that the reading came in below 300,000
  • fewer than 240,000 for five out of last seven weeks (post-Trump election)
  • significant: claims had not gone below 240,000 even once from December, 1972, to December, 2016
WMB: earnings are out. Earnings and revenues beat estimates. EPS, 17 cents, vs 16 cents forecast. Revenues of $2.198 billion handily beat forecasts of $1.889 billion.

Flowserve: net income, 50 cents/share; adjusted, 72 cents/share; average estimate was 65 cents/share. 4Q16 net income, $65.1 million; full year profit at $145.1 million.

************************
Sounds Like A Beat

MRO: earnings are out. EPS, a loss of $1.62 per share; adjusted, came to 10 cents/share. It's a bit confusing, the following statement at the linked article:
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
But then this:
The energy company posted revenue of $1.39 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.19 billion.
*************************

Keystone XL: TransCanada files Keystone XL route application in Nebraska. Quick: when did President Trump meet with Canadian Prime Minister Justin Trudeau?  If you guessed three days ago, you were correct. Quick: guess what they talked about?

Active Rigs Melting Up, T+27 -- February 16, 2017

Active rigs:


2/16/201702/16/201602/16/201502/16/201402/16/2013
Active Rigs3941136185181

RBN Energy: what a pro-infrastructure administration can and cannot do.

Scott Adams: how to persuade the other party.

Wednesday, February 15, 2017

Rolfson S Wells, Siverston Oil Field

See also this post with graphics

The wells:
  • 32210, 1,060, Oasis, Rolfson S 5198, 43-20 10T, Siverston, Three Forks 1st bench, 50 stages, 4.1 million lbs, t12/16; cum 210K 4/19; (#20464)
  • 32209, 1,774, Oasis, Rolfson S 5198 43-20 9B, Siverston, t12/16; cum 293K 4/19;
  • 32239, 1,640, Oasis, Rolfson S 5198 41-33 14BX, Siverston, t2/17; cum 275K 4/19;
  • 32018, 817, Oasis, Rolfson S 5198 14-29 13T, Siverston, Three Forks 1st bench, 50 stages, 4.1 million lbs, t1/17; cum 206K 4/19; proppant: mix of 100 mesh; 40/70 white; 30/50 white; 30/50 CRC;
  • 32017, 901, Oasis, Rolfson S 5198 14-29 12B, Siverston, 50 stages, 4.1 million lbs, t12/16; cum 1296K 4/19;
  • 32016, 1,554, Oasis, Rolfson S 5198 14-29 11T, Sivertson, Three Forks 1st bench, 50 stages, 4.1 million lbs, t12/16; cum 259K 4/19; [note first comment --
Natural gas gross revenue from this well [#332016] is slightly over 3/4 million bucks at $2.58/mmbtu.
This was the recent price at the Watford City transfer point (Northern Border) as per the recent Director's Cut.
Adds up.
  • 31992, 847, Oasis, Rolfson S 5198 12-29 8T, Siverston, Three Forks 1st bench, 36 stages, 4.1 million lbs, t11/16; cum 225K 4/19;
  • 31991, 1,311, Oasis, Rolfson S 5198 12-29 7B, Siverston, Bakken, 36 stages, 4.1 million lbs, t11/16; cum 282K 4/19;
  • 31990, 1,216, Oasis, Rolfson S 5198 12-29 6T, Siverston, Three Forks 1st Bench, 36 stages, 4.1 million lbs, t11/16; cum 208K 4/19;
  • 31989, 1,658, Oasis, Rolfson S 5198 12-29 5B, Siverston, 36 stages, 4.1 million lbs, t11/16; cum 272K 4/19;
  • 31971, 2,372, Oasis, Rolfson S 5198 11-29 4T, Siverston, Three Forks 1st Bench, 50 stages, 9.7 million lbs, t10/16; cum 211K 4/19;
  • 31970, 2,125, Oasis, Rolfson S 5198 11-29 3BX, Siverston, almost 100K in first two months, 50 stages, 10.1 million lbs; t11/16; cum 331K 4/19;
  • 31969, 1,353, Oasis, Rolfson S 5198 11-29 2TX, Siverston, Three Forks 1st Bench, 50 stages, 10 million lbs;  t11/16; cum 298K 4/19;
  • 20465, 1,305, Oasis/Zenergy, Rolfson 20-17H, Siverston, 30 stages, 2.6 million lbs, t9/11; cum 299K 4/19; (off-line since 6/16); back on line as of 1/17; and, yes, there was a jump in production when it came back on line; FracFocus as of 6/17 has no record of re-frack;
  • 20464, 1,202, Oasis/Zenergy, Rolfson 29-32H, Siverston, 28 stages, 1.95 million lbs; t12/11; cum 317K 4/19; (off-line since 6/16); a re-frac according to a September 4, 2016, sundry form; FracFocus as of 6/17 has no record of re-frack;
Graphic will be posted once the horizontals are placed on the NDIC map.


************************************************** 
31970, see above, Oasis, Rolfson S 5198 11-29 3BX, Siverston:

DateOil RunsMCF Sold
12-20165129683647
11-20164412460474
10-20165682252

31989, see above, Oasis, Rolfson S 5198 12-29 5B, Siverston:

DateOil RunsMCF Sold
12-20164695479977
11-20163902147861

The Closer, T+26 -- February 15, 2017

Damn good news out of South Carolina: Boeing workers reject union. Follows on heels of:
  • Volkswagen, Chattanooga, TN, 2014; narrowly voted down a union
  • RJ Reynolds Tobacco, North Carolina, narrowly rejected a union; third defeat in 6 1/2-year effort, 2011
Damn good op-ed. A very, very good op-ed on the Oroville Dam (California) in the Los Angeles Times. Written by a fifth-generation rural Californian and a senior fellow at the Hoover Institution at Stanford University. The op-ed speaks for itself; no additional comments necessary.

Damn good press conference. Press conference earlier today with Prime Minister Netanyahu and President Trump between two long-time friends. One may have seen the president's new style regarding press conferences with foreign statesmen:
  • he will get them out of the way quickly; they are a waste of his time; political theater
  • his remarks will be brief
  • he will ignore the mainstream press
  • he will perfunctorily answer one or two questions and then end it

Daily White House press briefings: I would be surprised if Sean Spicer doesn't learn from his boss. If not, I will be sorely disappointed; if Spicer doesn't learn from his boss, he may be the next to be fired. I don't think the President wants his press spokesman to get more coverage than the president; Trump doesn't want his reality show ratings to be second to those of the "Spicer soap opera."

Flynn. Much, much more to this than meets the eyes. This whole episode should alarm guys like Zbigniew Brzezinski, Colin Powell, and Henry Kissinger.