Random Update Of A 2560-Acre Drilling Unit In The Charlson Oil Field -- October 30, 2019

This is an incredible location. There are a lot of wells here, but in the big scheme of things, many more wells are likely to be drilled, and I assume most of these are middle Bakken wells; if such, they still have the Three Forks to drill.

Charlson oil field:

• 1280-acre units
• 22/15-153-95
• 23-14-153-95
• 640-acre unit: 23-153-95
• 1280-acre units: 22/15-153-95
• 1280-acre units: 23/14-153-95
• 2560-acre unit: 23/22/14/15-153-95 (?); could be others

Wells of interest:

• 27056, a line well, sited in section 28, runs north along west section line of section 22; end in section 22; 1,803, Petro-Hunt, Van Hise Trust 153-95-28D-21-2HS, t9/14; cum 372K 8/19; steady Eddy; down to 3,000 bbls/month, 8/19; spacing, 4 section (2560-are): sections 21/22/27/28-153-95;

• 30569, 564, Petro-Hunt, USA 153-95-22C-15-6H, middle Bakken, 41 stages; 10 million lbs, 2 sections, Charlson, t10/18; cum 184K 8/19; huge well; very new, 8/19;
• 19979, 817, Pertro-Hunt, USA 153-95-22D-15-1H, 2 sections, Charlson, t7/11; cum 620K 8/19; huge well; but old, but recent jump in production, 8/19;
• 22334, 2,006, Petro-Hunt, USA 153-95-22C-15-2H, Charlson, t12/12; cum 451K 8/19; steady Eddy; continues to do well at almost 3,000 bbls/month, 8/19;
• 26214, 2,122, Petro-Hunt, USA 153-95 22C-15-3H, Charlson, t1/14; cum 569K 8/19; steady Eddy; holding up well; at 6,000 bbls/month, 8/19;

• 28018, 835, Petro-Hunt, USA 153-95-22D-15-4H, Charlson, t10/16; cum 496K 8/19; huge well; still at 8,000 bbls/month, 8/19;
• 28017, 830, Petro-Hunt, USA 153-95-22D-15-5H, Charlson, t10/16; cu 466K 8/19; huge well; still at 7,000 bbls/month, 8/19;
• 28016, 912, Petro-Hunt, USA 153-95-22D-15-1HS, middle Bakken, 37 stages; 4.7 million lbs, Charlson, t11/15; cum 721K 8/19; huge well; still at 8,000 bbls/month, 8/19;
• 28015, 816, Petro-Hunt, USA 153-95-23C-14-2HS, Charlson, four sections, t101/6; cum 538K 8/19; huge well; still at 10,000 bbls/month, 8/19;
• 30183, 724, Petro-Hunt, Sherven Trust 153-95-27A-7HS, middle Bakken, 26 stages, 2.1 million lbs; Charlson, two sections, t10/16; cum 208K 8/19;

• 29090, 1,032, Petro-Hunt, USA 153-95-23C=14-6H, Charlson, t7/18; cum 242K 819; huge well;
• 29091, 1,031, Petro-Hunt, USA 153-95-23C-14-5H, Charlson, t6/18; cum 223K 8/19; huge well;
• 32165, 1,090, Petro-Hunt, USA 153-95-23C-14-4H, Charlson, t5/18; cum 254K 8/19; huge well;

• 33812, 1,480, Petro-Hunt, USA 153-95-23D-14 3H, Charlson, t7/18; cum 232K 8/19; huge well;
• 33813, 1,595, Petro-Hunt, USA 153-95-23D-14-2H, Charlson, t7/18; cum 396K 8/19; huge well;
• 33814, 1,773, Petro-Hunt, USA 153-95-23D-14 1H, Charlson, t7/18; cum 308K 8/19; huge well;
• 33817, 683, Petro-Hunt, USA 153-95-23D-1411HS, two sections, Charlson, t7/18; cum 373K 8/19; huge well;

• 17799, 457, BR, Guadalupe 11-23H, one section, Charlson, t3/09; cum 542K 8/19; huge jump 7/18; not re-fracked;

• 16452, 265, Petro-Hunt, USA 14D-4-1H, one section, open hole, 425,000 lbs sand, Charlson, 10/07 cum 374K 8/19; huge jump 8/18;

Notes From All Over, All Politics -- California -- October 28, 2019

Link here.

From wiki:

Under the current Democratic Party selection rules, adopted in 2006, pledged delegates are selected under proportional representation, which requires a candidate have a minimum of 15% of a state's popular vote to receive delegates.

I have trouble believing each of the three front-runners -- Biden, Pocahontas, Sanders -- won't each get at least 15%. Having said that, I can imagine Biden imploding in California, with Sanders and Pocahontas stealing enough votes from Biden to put him below the 15% threshold.

But if each of the three front runners get a 35 - 35 - 30 split, then we go into the DNC convention with no one having 50% plus one delegate. In the 2016 primary, Hillary really did not have a credible opponent until late in the process when Bernie Sanders finally made a presence. But Hillary also owned the "super-delegates." That is different this time around.

None of the three front-runners have the commanding lead that Hillary had, and the super-delegates cannot vote in the first round if the front runner doesn't already have 50% delegates +1. Super-delegates can only begin voting in the second round if no one candidate has 50% + 1 delegate coming into the convention.

There are many reports that Buttigieg is surging. But to get even one delegate in any state he needs to poll at least 15%. He is nowhere close to that yet.

I have trouble seeing the top three garnering less than seventy percent combined. That leaves 30% -- Harris, Buttigieg, and Yang would share that 30%, none of them reaching the 15% threshold.

Tea Leaves -- Idle Rambling -- October 30, 2019

First things first: before we get to BYD, LOL-funny. Special mid-week edition.

As the Babylon Bee puts it, who knew that Trump could get Democrats to interrupt baseball, condemn dogs, and side with terrorists—all within the space of 24 hours? In any case, who knew that a frequent theme of the Week in Pictures—hero dogs—would become a front page headline?

I haven't seen a Babylon Bee "reference" in weeks and in the past twelve hours, I get two Babylon Bee "hits." One from a reader late last evening, and then the one above.

From the perspective of an old man who sort of watches the EV industry: things don't look real promising.

From this morning:

More and more, EVs look like a toy for the elite.

It will be interesting to see how this story is spun. Ford is betting the company on EVs.

Only One Well Comes Off The Confidential List Today -- October 30, 2019

First things first: Buffett-backed EV company profits plunge 89% year-over-year on disappointing sales. Link.

“As subsidies on new energy vehicles drop sharply, sales of new energy vehicles are falling short of expectations. It is expected that the profit of the company’s new energy vehicle business will also decline to a certain extent compared with the same period of last year,” BYD said in a stock exchange filing.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, travel, career, or relationship decisions based on what you read here or think you may have read here.
 
First things first: huge shout-out to Starbucks -- coffee "on the house" this morning -- I came in despite fierce rain, cold; breakfast free with "stars" rewards; what a great country.

First things first: seventh and final game of the World Series tonight.

First things first: Apple, Inc, reports earnings after the market closes this afternoon

Fourth straight inventory build: right in line with expectations -- small build; less than a million bbls; EIA to report later this morning.

Texas advertises in California: "we have electricity." Governor Newsome disputes; says it's not possible to have electricity 24/7; questions whether Texas even exists.

Gasoline: regular unleaded gasoline down to $2.08 almost everywhere in north Texas. Actually, I suppose most signs show $2.18/gallon but it's easy to find $2.08/gallon. And then I see that US crude oil inventories increased again last week -- albeit at a very small pace.

*************************************

Back to the Bakken

Active wells:

$55.51	10/30/2019	10/30/2018	10/30/2017	10/30/2016	10/30/2015
Active Rigs	59	68	52	34	70

Only one well coming off the confidential list today --Wednesday, October 30, 2019: 95 for the month; 95 for the quarter:

• 35280, 409, Enerplus, Marigold 149-93-21B-22H-LL, Mandaree, t4/19; cum 66K 8/19;

RBN Energy: a CBR project advances in the Uinta Basin.

To hear proponents of Uinta Basin waxy crude oil tell it, all that’s keeping the hydrocarbon-packed region in northeastern Utah from significantly increasing production in the 2020s is a better way to transport their shoe-polish-like crude to Gulf Coast refineries than trucking to existing transloading facilities. And now, they think they’ve finally found it. If all goes to plan, by early 2023 a new, 85-mile short-line railroad will be in place to move at least two 110-car unit trains of waxy crude a day from the epicenter of Uinta Basin production to interconnections with two long-haul rail lines. That would give producers significantly enhanced access to markets far beyond the five Salt Lake City-area refineries to which they now truck some 90% of their output. Today, we conclude our series on the Uinta Basin with a look at the proposed Uinta Basin Railway crude-by-rail project and what it would mean for the play’s producers, as well as for Gulf Coast refiners.

Random Update Of An Older Well Returned To Production After Neighboring Wells Fracked -- October 29, 2019

This page won't be updated.

These two wells came off confidential well today:

• 35282, 1,515, Enerplus, Blackberry 149-93-21B-22H, this well is tracked here; Mandaree, t4/19; cum 101K 8/19;(#22748 with jump in production)
• 35281, 1,401, Enerplus, Boxwood 149-93-21B-22H-TF, this well is tracked here; Mandaree, t4/19; cum 78K 8/19;

An older well in the immediate area:

• 22748, 729, Enerplus, Chokecherry 149-93-21A-22H, Mandaree, t11/12; cum 247K 8/19;

Note: this well was originally drilled back in 2012. Note recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2019	31	4241	4321	4056	3331	3245	0
BAKKEN	7-2019	24	6428	6401	8251	4500	2534	1898
BAKKEN	6-2019	30	9120	9043	5428	6384	6081	211
BAKKEN	5-2019	6	2377	2567	6295	1664	1332	314
BAKKEN	4-2019	0	0	0	0	0	0	0
BAKKEN	3-2019	0	0	0	0	0	0	0
BAKKEN	2-2019	0	0	0	0	0	0	0
BAKKEN	1-2019	11	262	448	393	183	0	136
BAKKEN	12-2018	31	1553	1512	1091	1088	640	315
BAKKEN	11-2018	25	1454	1446	999	1018	183	768