Monday, February 11, 2019

The Katie Ledecky Page

From Twitter earlier this evening:


Jon Ledecky is Katie Ledecky's uncle. I believe I blogged about him before. Quite a story.
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EOG With Fourteen Permits Renewed February 11, 2019

Fourteen permits renewed:
  • EOG: five Wayzetta permits (13-153-90); nine Ross permits (six in section 8-156-92; three in section 4-156-92); all in Mountrail County
The five Wayzetta permits:
  • 32523, loc, EOG, Wayzetta 90-1312H, Parshall, Bakken; 1280-acre; from section 13 to section 12;
  • 32522, loc, EOG, Wayzetta 89-1312H, Parshall, Bakken; 1280-acre; from section 13 to section 12;
  • 32521, loc, EOG, Wayzetta 407-1312H, Parshall, Bakken; 1280-acre; from section 13 to section 12;
  • 32520, conf, EOG, Wayzetta 87-1312H, Parshall, Bakken; legal name suggests from section 13 to section 12;
  • 32519, conf, EOG, Wayzetta 86-1312H, Parshall, Bakken; legal name suggests from section 13 to section 12;
The graphics for the Wayzetta permits:

First, look how far east these wells are:


Zooming in on the renewed permits:




Producing wells of interest in the graphic:
  • 17044, 1,519, EOG, Wayzetta 6-12H, Parshall, one section, t11/08; cum 556K 12/18;
  • 17083, 956, EOG, Wayzetta 1-13H, Parshall, one section, t11/08; cum 452K 12/18;
  • 25747, 915, EOG, Wayzetta 29-1424H, Parshall, ICO, t4/14; cum 303K 12/18;
  • 25748, 744, EOG, Wayzetta 38-1424H, Parshall, ICO, t3/14; cum 315K 12/18;
  • 25749, 790, EOG, Wayzetta 28-1424H, Parshall, ICO, t3/14; cum 377K 12/18; this well has had some jumps in production; a very good well; currently producing over 4,000 bbls/month
Comments:
  • note that the one-section wells have produced around 500,000 bbls of oil; some would suggest that had these been two-section wells, they would have produced over one million bbls of oil by now
  • look how far east these wells are
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Now, the Ross permits.

The graphic shows the nine Ross permits that were renewed in Alger oil field:



These Ross permits in Alger oil field were renewed February 11, 2019, and are depicted in the graphic above:
  • 34574: Bakken; 2560; section 8 south to section 16
  • 34573; Three Forks B1; 2560; section 8 south to section 16
  • 34572; Bakken; 2560; section 8 south to section 16
  • 34571; Bakken; 2560; section 8 south to section 15
  • 34570; Three Forks B1; 2560; section 8 south to section 15
  • 34569; Bakken; 2560; section 8 south to section 15
  • 34566; Bakken; 2560; section 4 south to section 15
  • 34565; Three Forks B1; 2560; section 4 south to section 15
  • 34564; Bakken; 2560; section 4 south to section 15
Producing wells of interest in that graphic:
  • 19679, 866, EOG, Ross 31-0806H, Alger, t6/11; cum 259K 12/18; steady Eddy; currently 1,200 bbls/month;
  • 17531, 750, EOG, Ross 5-08H, Alger, t9/09; cum 196K 12/18; steady Eddy; but a mediocre well at best;
  • 19722, 847, EOG, Ross 29-1716H, Alger, t2/11; cum 166K 12/18; steady Eddy; but a mediocre well at best;
  • 18444, 282, EOG, Ross 100-09HH, Alger, t3/10; cum 125K 12/18; steady Eddy; a fairly unremarkable well;
  • 16587, 294, EOG, Ross 20-16H, Alger, t7/10; cum 130K 12/18; steady Eddy; a fairly unremarkable well;
  • 20295, 184, EOG, Ross 28-1615HH, Alger, t9/11; cum 127K 12/18; steady Eddy; a fairly unremarkable well;
  • 17950, 460, EOG, Ross 1-09H, Alger, t7/09; cum 146K 12/18; steady Eddy; a fairly unremarkable well;
  • 20296, 381, EOG, Ross 30-0915H, Alger, t9/11; cum 210K 12/18; steady Eddy; nice bump in production in 3/17, and has maintained production at 2,000 - 4,000 bbls/month for quite some time;
  • 18819, 526, EOG, Ross 13-15H, Alger, t6/10; cum 151K 12/18; steady Eddy; a fairly unremarkable well;
For newbies;
  • this gives folks an idea of how many wells are yet to be drilled in the Bakken
  • these Ross permits -- the ones renewed -- 9 of them in 2560-acre spacing
  • there were already many wells drilling in the immediate area
  • the producing wells are not all that great by "current" standards
  • the producing wells might be re-fracked at the time the new wells are fracked; or maybe we will see the effect of the new fracks on these older wells
  • generally speaking, operators are not drilling wells in Tier 1 if they don't anticipate EURs of 1.3 million bbls oil 
  • all wells are targeting the "Bakken" pool according to the scout ticket but some will be targeting the middle Bakken; others will be targeting the first bench of the Three Forks; the lower benches of the Three Forks is not being targeted by any of the wells;
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A Re-Fracked XTO Lost Bridge Well -- Jorgenson 43X-5 -- February 11, 2019

This well was re-fracked according to the operator but FracFocus does not have the data. The well, after the re-frack, was a better well than the "original" well -- see full production profile here. The well:
  • 18039, 1,224, XTO, Jorgenson 43X-5, Lost Bridge, t7/09; cum 347K 10/19; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-20183114245163142381623759023677
BAKKEN11-201830181141605933983290961355315422
BAKKEN10-20181612563123972229320553218418294
BAKKEN9-201821928910016412
BAKKEN8-201811782380000
BAKKEN7-20180000000
BAKKEN6-20180000000
BAKKEN5-20180000000
BAKKEN4-20180000000
BAKKEN3-20181075990588818284452
BAKKEN2-20182823752260266270513221284
BAKKEN1-201857393724788194558
BAKKEN12-2017001340000
BAKKEN11-2017113734872049888390
BAKKEN10-2017271871173355322951182113
BAKKEN9-2017641747984730177551
BAKKEN8-201724184519636791520889617
BAKKEN7-2017291931196159624641332309

There are many, many horizontals in this area. It's hard to sort themall out. Along with #18039 bhere are four other wells on this pad but in addition, there are additional pads in the area iwht parallel horizontals to #18039.

On the five-well pad:
  • 18039, see above,
  • 19566, 1,971, XTO, Deep Creek 43X-5 Lost Bridge, t10/11; cum 487K 10/19;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-20183127085287653293147742047577
BAKKEN11-201815160611409217397264661232814028
BAKKEN10-20180000000
BAKKEN9-2018003310000
BAKKEN8-201811773960000
BAKKEN7-20180000000
BAKKEN6-20180000000
BAKKEN5-20180000000
BAKKEN4-20180000000
BAKKEN3-2018121264143713522187701225
BAKKEN2-20182436083647647446321812119
  • 30041, 2,240, XTO, Deep Creek Federal 43X-5G, Lost Bridge, t11/15; cum 236K 10/19;
  • 30042, 1,939, XTO, Deep Creek Federal 43X-5D, Lost Bridge, t11/15; cum 295K 10/19;
  • 30043, 2,238, XTO, Deep Creek Federal 43X-5H, Lost Bridge, t12/15; cum 263K 10/19;
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Three New Permits Today -- February 11, 2019

WTI: killing Saudi Arabia and OPEC. Brent at $61.44. 

Active rigs:

$52.282/11/201902/11/201802/11/201702/11/201602/11/2015
Active Rigs63583641137

Three new permits:
  • Operator: BR
  • Field: Corral Creek (Dunn County)
  • Comments: BR has permits for a 3-well Plymouth/Zephyr pad in Corral Creek, in section 29-147-94;
Fourteen permits renewed:
  • EOG: five Wayzetta permits (13-153-90); nine Ross permits (six in section 8-156-92; three in section 4-156-92); all in Mountrail County
Six producing wells (DUCs) reported as completed:
  • 33464, n/d, CLR, Omlid 3-19H1, Elidah, 4 sections, t--; cum --;
  • 33539, n/d, CLR, Sakakawea Federal 1-19H2, Elidah, 4 sections, t--; cum --; these wells are tracked here;
  • 33537, n/d, CLR, Holstein Federal 15-25H1, Elm Tree, t--; cum --;
  • 29091, 1,031, Petro-Hunt, USA 153-95-23C-14-5H, Charlson, t6/18; cum 117K 12/18;
  • 32165, 1,090, Petro-Hunt, USA 153-95-23C_14-4H, Charlson, t5/1; cum 134K 12/18;
  • 33600, n/d, Resonance Senescall 636, Sergis oil field, a Madison well; t--; cum --; there are no producing wells in this two-section oil field, along the Canadian border;
Operator transfer: it looks like the last of the Enduro wells are transferred to Cobra; another 22 wells transferred; the first two lists of transferred wells were recorded in daily activity reports from last week.
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Europe May Be On The Cusp Of A Nightmare -- George Soros -- February 11, 2019

The big stories.

Europe at a tipping point.

European Energy became a big story on May 18, 2013, when the EU Council President predicted that  Europe might become the only continent in the world to depend on imported energy.
Within that story:
Now this, February 11, 2019: Europe may be on the cusp of a nightmare, but it's not too late to wake up -- George Soros.

Europe is sleepwalking into oblivion, and the people of Europe need to wake up before it is too late.
If they don’t, the European Union will go the way of the Soviet Union in 1991. Neither our leaders nor ordinary citizens seem to understand that we are experiencing a revolutionary moment, that the range of possibilities is very broad, and that the eventual outcome is thus highly uncertain.
Most of us assume that the future will more or less resemble the present, but this is not necessarily so. In a long and eventful life, I have witnessed many periods of what I call radical disequilibrium. We are living in such a period today.
Perhaps, he might want to start with energy. Russia pretty much "controls" Europe now.


My eyes glazed over as soon as I began to read the Soros article. Wow, he's a poor writer. What little I read suggests Soros is misreading the real problems in Europe.

By the way, the EU is not going anywhere, certainly not "the way of the Soviet Union."

Due to the "rules," it may be impossible for Great Britain to leave (Brexit) and if Britain can't leave, no one can. 

*******************************
Really?

Apparently oilprice supports the Occasional-Cortex / Murkey plan for going green. I don't know. I've never been able to separate news articles from op-eds at oilprice.
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