We're From The State, And We're Here To Help .... August 20, 2020

.... what will it take to get you guys to drill?

From the September, 2020, NDIC hearing dockets:

On a motion of the Commission to review the status of the leases in Sections 30 and 31, within the 2560-acre spacing unit described as Sections 29, 30, 31, and 32, T.154N., R.96W., Grinnell-Bakken Pool, McKenzie and Williams Counties, ND, and the progress towards developing said Sections 30 and 31 as a standup 1280-acre spacing unit and such other relief as is appropriate. Petro-Hunt, LLC.

The graphics:

The wells:

• 29762, 959, XTO, Homer 14X-32A, Grinnell, t1/16; cum 221K 4/20; remains off line 6/20;
  
• 29761, 1,012, XTO, Homer 14X-32E, Grinnell, t1/16; cum 136K 4/20;
• 31044, 797, XTO, Homer 14X-32AXD, Grinnell, t1/16; cum 294K 4/20;
• 31045, 955, XTO, Homer Federal 14X-32F, Grinnell, t1/16; cum 177K 4/20; remains off line 6/20;
  
• 31046, 1,018, XTO, Homer 14X-32B, Grinnell, t1/16; cum 294K 4/20; remains off line 6/20;
  

The wells:

• 26862, XTO, Ruby State Federal 34X-36B,
• 21289, XTO, Ruby State 34X-36G,
• 26863, XTO, Ruby State Federal 34-36A,
• 26864, XTO, Ruby State Federal 34X-36C,

• 35055, XTO, Ruby State Federal 34X-36H, 
• 35056, XTO, Ruby State Federal 34X-36D, 
• 35057, XTO, Ruby State Federal 34X- 36GXH, 
• 35058, XTO, Ruby State Federal 34X-36C
  

For Second Consecutive Week, Natural Gas Fill Rate Exceeds Five-Year Maximum -- August 20, 2020

Link here. Still above the five-year maximum -- second consecutive week to be above the already-fat five-year maximum.

The September, 2020, NDIC Hearing Dockets

The NDIC hearing dockets are tracked here.

Link here.

The usual disclaimer applies. As usual this is done very quickly and using shorthand for my benefit. There will be factual and typographical errors on this page. Do not quote me on any of this. It's for my personal use to help me better understand the Bakken. Do not read it. If you do happen to read it, do not make any investment, financial, job, relationship, or travel plans based on anything you read here or think you may have read here. If this stuff is important to you, and I doubt that it is, but if it is, go to the source.

Highlights in bold.

Wednesday, September 16, 2020
Two Pages

 

The cases (these are cases, not permits):

• 28551, NDIC, Grinnell-Bakken; review the status of leases in sections 30 / 31, within the 2560-acre spacing unit, sections 29 / 30 / 31 / 32-154-96, progress toward developing said sections 30 / 31; McKenzie, Williams counties;
• 28552, Oasis, SWD, Siverston oil field;
• 28553, BR, Sand Creek-Bakken; 30 wells on a 2560-acre unit, sections 31 / 32 / 33 / 34 - 153-96, McKenzie County;
• 28554, BR, Westberg-Bakken; 15 wells on a 1280-acre unit, sections 5 / 8 - 152-96, McKenzie County;
• 28556, MRO, Reunion Bay-Bakken, 18 wells on a 2560-acre unit; sections 28 / 29 / 32 / 33 - 152-93, McKenzie County;

Thursday, September 17, 2020
Three Pages

 

The cases (these are cases, not permits):

• 28557, NDIC, Elidah-Bakken, appropriate spacing for wells completed in the 2560-acre unit, sections 18 / 19 / 30 / 31; McKenzie County
• 28558, WPX, McGregory Buttes-Bakken; establish an overlapping 1280-acre unit; sections 14 / 15 - 148-94; ten wells; Dunn County;
• 28559, Nine Point Energy, pooling,
• 28560, CLR, pooling,
• 28561, RIM Operating, commingling;

September, 2020, NDIC Dockets Have Posted; Koda Resources With Three New Permits; Whiting Reports A Huge Alger Field Well -- August 20, 2020

September, 2020, dockets have been posted. I'll get to them later this evening. Link here.

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Back To Today's Daily Activity Report

Active rigs:

$42.58	8/20/2020	08/20/2019	08/20/2018	08/20/2017	08/20/2016
Active Rigs	12	63	58	53	32

Three new permits, #37796 - #37798, inclusive:

• Operator: Koda Resources Operating
• Field: Hanks (Divide); Bar Butte (Divide); Fertile Valley (Divide)
• Comments
• Koda Resources has thirteen oil and gas permits in North Dakota (link here), including these three; and one SWD permit;
  
• Koda Resources has three new permits for wells to be sited on the same pad in SWSW 34-160-102, Divide County; they are all 275' FSL and about 300" FEL; one Porter well will be in Hanks oil field; one Porter well will be in Bar Butte oil field; and, the Stout oil well will be in Fertile Valley oil field;

Nine permits were renewed:

• Petroshale (6): a Bowie Federal (MB) permit; a Boone Federal (MB) permit; a Carson Federal (TF) permit; a Clark Federal (TF) permit; a Crockett Federal (TF) permit; and a Lewis Federal (MB) permit, all in McKenzie County, all in NWNW 30-149-95;
• Resource Energy Can-Am (3): a Grays State permit; a Curtis permit; and, a Marshall permit, all in Divide County;

One producing well (a DUC) was reported as completed:

• 36235, SI/A, Whiting, Lindseth 11-1HU, API: 33-061-04437, Alger, t--; cum 182K 6/20; two 32K month; one 37K month; a big well;

Notes From All Over -- The Mid-Day Edition -- August 20, 2020

Big story of the day: Apple quietly acquired Israel's Camerai, formerly Tipit, a specialist in AR and camera tech. Link here.

Sometime between 2018 and 2019, the iPhone giant reportedly acquired and shut down Camerai, an augmented reality and computer vision company based out of Israel, which used to be called Tipit.Calcalist said that the startup sold for several tens of millions of dollars. 

From being founded in 2015, Camerai had raised around $5 million — including a $2.5 million round in 2017 and another unreported $2.5 million in 2018. 

It seems that the acquisition came on the heels of multiple approaches from a number of companies at a time when AR was arguably at a peak of hype and many big tech companies wanted a piece of the action. (Recall that 2018 was the year when Magic Leap raised nearly $1 billion in a single round of funding.) 

Back in 2018, we heard rumors that those approaching and looking at the startup included Apple, Samsung, and Alibaba. 

The Calcalist report said that Camerai employees joined Apple’s computer vision team, and that the company’s technology has been incorporated into Apple products already. It’s not clear specifically where and when, but recall that both iOS 13 and iOS 14 have featured big software updates to the camera.

The market, what a huge turnaround! Very, very negative pre-market and at the open, all three indices are not green, and AAPL is within two dimes of hitting another "decade": $470/share.

Battle royale: Lyft will suspend operations in California at midnight tonight, 11:59 p.m., Thursday, August 20, 2020. All eyes are on Uber. Thousands of drivers will lose any income they might have had. Thousands will lose income that kept food on the table. Watch for domestic violence to increase with these unemployed (mostly) men home with nothing to do. Not even any decent sports.

Other stocks I like to follow for various reasons:

• UNP: down quite a bit over the past two days, is still negative but barely and is now trading above $190 again;
• IMUX: down almost 4%;
• SRE: down 1.4%
• PFE: up 0.64%; trading at $38.51;
• JNJ: up a bit, trading at $151 in round numbers;