When The Going Gets Tough, The Tough Get Going -- XTO -- December 30, 2020

The XTO Wood wells are also tracked here. 

The four new XTO Wood permits:

• 38054, conf,  XTO, Wood 21X-25G, Truax, 223 FNL 1924 FWL, NENW 25-154-98;
• 38055, conf,  XTO, Wood 21X-25EXH, Truax, 253 FNL 1931 FWL, NENW 25-154-98;
• 38056, conf,  XTO, Wood 21X-25C, Truax, 370 FNL 1956 FWL, NENW 25-154-98;
• 38057, conf,  XTO, Wood 21X-25H, Truax, 399 FNL 1962 FWL, NENW 25-154-98;

The graphics:

The producing wells in the graphic:

• 24233, IA/1,948, XTO, Wood 21X-25A, 33-105-02868, Truax, t4/13; cum 267K 3/20; remains off line 10/20; stimuated 3/27/13; 30 stages; 2.75 million lbs proppant;
  
• 24232, IA/1,678, XTO, Wood 21X-25AXB, 33-105-02867, Truax, t4/13; cum 241K 4/20; remains off line 10/20; stimulated 3/15/13; 30 stages; 2.7 million lbs proppant;
  
• 20503, 560, XTO, Wood 21X-25B, 33-105-02148, Truax, t4/13; cum 298K 10/20; stimulated 3/21/13; 30 stages; 2.7 million lbs proppant;
  

The confidential well in that graphic:

• 37818, conf, CLR, Dallas 4-30H, 33-105-05554, Truax,

A Closer Look At A Slawson Muskrat Federal Well In Big Bend / Van Hook -- December 30, 2020

This is a great well to study to get an understanding of how operators manage their assets in the Bakken. Be sure to look at the recent production:

• 19255, 718, Slawson, Muskrat Federal 1-28-33H, 33-061-01424,Van Hook, t1/11; cum 577K 10/20; stimulated 12/31/10 - 01/07/11; 40 stages; 3.7 million lbs proppant; see full production profile here; FracFocus does not have any data for this well; it was sometime in 2011/2012 that FracFocus started posting frack data; FracFocus doesn't have frack data for wells fracked before "that date";
  

Recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2020	30	6780	6287	4020	4372	4126	95
BAKKEN	9-2020	30	6970	7306	4005	4331	4180	1
BAKKEN	8-2020	24	5165	3961	2373	3112	2907	84
BAKKEN	7-2020	2	24	1333	22	44	21	13
BAKKEN	6-2020	1	38	0	0	34	28	0
BAKKEN	5-2020	6	1245	0	157	664	322	312
BAKKEN	4-2020	6	1093	1818	470	712	682	0
BAKKEN	3-2020	31	5658	5834	4383	3422	2853	414
BAKKEN	2-2020	29	5840	5547	6914	3568	1707	1716
BAKKEN	1-2020	22	4099	4119	7291	2692	1779	375
BAKKEN	12-2019	7	3560	2874	320	2215	630	1172
BAKKEN	11-2019	1	4	353	0	5	0	0
BAKKEN	10-2019	23	1566	1760	668	1136	829	26
BAKKEN	9-2019	30	2031	1823	712	1473	1093	14

When The Going Gets Tough, The Tough Get Going -- The Slawson Muskrat Wells -- December 30, 2020

Updates

January 23, 2022: the Slawson Muskrat Federal wells are starting to come off confidential list this next week;

September 13, 2021: production update.

The Wells

Slawson with three new Muskrat Federal / Vagabond Federal permits:

• 38075, conf-->drl, Slawson, Muskrat Federal 6-28-33TFH, Big Bend, NENE 28-151-92, 325 FNL 1130 FEL, t--; cum 156K 10/22;
  
• 38076, conf-->drl, Slawson, Muskrat Federal 7-28-33TFH, Big Bend, NENE 28-151-92, 325 FNL 1080 FEL, t--; cum 124K 10/22;
  
• 38077, conf-->drl, Slawson, Vagabond Federal 1SLH, Big Bend, NENE 28-151-92, 325 FNL 1030 FEL, t--; cum 155K 10/22;
  

Slawson with four new permits on BLM land:

• 38046, conf-->loc/drl, Slawson, Muskrat Federal 3-28-33H, Big Bend, 300 FNL 1530 FWL, NENW 28-151-92, t--; cum 232K 10/22;
  
• 38047, conf-->loc/drl, Slawson, Muskrat Federal 5-28-33TFH, Big Bend, 300 FNL 1480 FWL, NENW 28-151-92, t--; cum 185K 10/22;
  
• 38048, conf-->loc/drl, Slawson, Muskrat Federal 4-28-33TFH, Big Bend, 300 FNL 1380 FWL, NENW 28-151-92, t--; cum 116K 10/22;
  
• 38049, conf, Slawson, Muskrat Federal 8-28-33H, Big Bend, 300 FNL 1330 FWL, NENW 28-151-92, t--; cum 172K 10/22;
  

The graphic:

The other two wells in this section:

• 19255, 718, Slawson, Muskrat Federal 1-28-33H, 33-061-01424,Van Hook, t1/11; cum 577K 10/20; stimulated 12/31/10 - 01/07/11; 40 stages; 3.7 million lbs proppant; see full production profile here; cum 614K 4/21; nice jump in production; still "flowing, no pump"; offline 5/21; cum 614K 4/21; cum 660K 10/22;
  
• 20267, 737, Slawson, Muskrat Federal 2-28-33H, 33-061-01653, Van Hook, t9/11; cum 473K 10/20; stimulated 8/30/11; 40 stages; 3.98 million lbs proppant; cum 484K 4/21; offline 5/21; cum 489K 4/21; cum 515K 10/22;
  

And this section line well:

• 30177, IA/F-->A/F, Slawson, Muskrat Federal 5 SLTFH, 33-061-03430, Big Bend, first production, 12/19, t--; cum 63K 2/20; intermittent since 2/20 and off line as of 7/20; legal description: sections 28/28/32/33-151-92; no frack data; FracFocus: fracked 11/30/19 - 12/18/19; 14.4 million gallons of water (a huge frack); 92.8% water by mass; cum 121K 4/21; cum 202K 11/21; cum 298K 10/22;
  

Pardon The Interruption --December 30, 2020

Wow, what a great night. TCM: The Birds, followed by Psycho and that followed by Cape Fear. Wow, wow, wow. Is this the first time I've watched all three from start to finish?

• Norman Bates.
• Holden Caulfield.
• Jay Gatsby.

Best news: apparently it's a full trading day tomorrow. The last day of the year. Should be fun to watch. 

Scrooge: Mitch McConnell. Good, bad, or indifferent, a lot of folks are going to be thrilled when Biden is sworn in and for them, it will be the cherry on top if the Dems sweep Georgia. [Despite my cynicism, I actually think McConnell knows what he is doing.]

ExxonMobil on the cusp. In the same boat as Saudi Aramco:

• unexpected demand hit;
• the dividend issue

When The Going Gets Tough, The Tough Get Going -- December 30, 2020

I've been thinking about "this" for the past year but I am unable to articulate it, so I cannot post my thoughts, and generally, when I get too far in front of my headlights, I get a fair amount of pushback from anonymous experts.

I have a thin skin. I don't like the pushback, so I generally try to stay "within my headlights." 

We're currently in "Bakken 4.0." It's very possible we move to Bakken 5.0 if the following four "things" converge as expected:

• the Biden administration/environmentalists significantly impact the "US shale revolution" (which I think they will);
• the relative stability in the Mideast seen in the past four years changes for the worse (which I think it will); 
• global demand for oil increases more quickly than anticipated (not sure about this); and,
• price of oil trends higher (WTI trends toward $60) (not sure about this).
  

This post looks at the new BR permits as perhaps the post we will come back to a year from now to demonstrate how things evolved in the Bakken if, in fact, we move to Bakken 5.0.

Two dots to connect. First, the new BR "Renegade" and "Chuckwagon permits. See these two posts:

• the Renegade wells; I've never followed the Chuckwagon wells so for now, will have to link the Renegade wells;
  
• the new Renegade / Chuckwagon permits.

Then look at this old Chuckwagon well:

• 20528, 2,892, BR, Chuckwagon 21-15MBH, 33-053-03510; Sand Creek, t12/11; cum 213K 10/20; recent production (see full production profile at this post):

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2020	26	13747	14132	18996	34495	0	34495
BAKKEN	9-2020	27	16402	16213	24009	37361	0	37361
BAKKEN	8-2020	23	11701	11494	26238	30070	3724	26346
BAKKEN	7-2020	1	1	0	0	0	0	0
BAKKEN	6-2020	0	0	0	0	0	0	0
BAKKEN	5-2020	0	0	0	0	0	0	0
BAKKEN	4-2020	2	0	0	5227	313	0	313
BAKKEN	3-2020	1	87	87	0	0	0	0
BAKKEN	2-2020	0	0	0	0	0	0	0
BAKKEN	1-2020	0	0	0	0	0	0	0
BAKKEN	12-2019	1	0	0	0	0	0	0
BAKKEN	11-2019	0	0	0	0	0	0	0
BAKKEN	10-2019	6	128	488	131	470	0	470
BAKKEN	9-2019	30	563	416	563	2511	0	2511
BAKKEN	8-2019	31	758	982	754	2855	2395	460

From the file report:

• sundry form, approx start date: Ocober 17, 2019: BR respectfully requested to re-stimulate this well; a plug and perf stimulation followed by a coil tubing cleanout;
• the original frack: stimulation, 10/3/11; 20 stages; 2.3 million lbs proppant;

FracFocus:

• first frack, 10/2/11 - 10/2/11 (one day): 1.5 million gallons of water; 83.3% water by mass;
• second frack, 3/24/20 - 4/1/20 (one week): 8.3 million gallons of water; 87.3% water by mass;