The Million Dollar Way (The Bakken Oil Blog)

Tuesday, April 27, 2021

Three Wells On The MRO Chauncey-Winona Pad Yet To Report -- April27, 2021

Three wells yet to report on the MRO Chauncey-Winona pad.

36222, drl-->drl/NC-->conf, MRO, Morsette USA11-2H, first production, 1/21; t--; cum 100K 2/21;
36223, drl-->drl/NC-->conf, MRO, Sherman USA 21-2TFH, first production, 1/21; t--; cum 130K 2/21;
36224, drl-->drl/NC-->conf, MRO, Valarie USA 21-2H, first production, 12/20; t--; cum 130K 2/21;

This is an incredible pad. Initial production for the three wells that have not reported yet:

36222:

Date	Oil Runs	MCF Sold
2-2021	46110	60113
1-2021	58056	46567
12-2020	64	0

36223:

Date	Oil Runs	MCF Sold
2-2021	52556	67549
1-2021	57891	58189
12-2020	27599	17679

36224:

Date	Oil Runs	MCF Sold
2-2021	36724	54920
1-2021	57971	52016
12-2020	34354	21900

Weekly Petroleum Report -- April 27, 2021

Today's data was the API data, link here; tomorrow, the EIA data.

Again, Julianne Geiger says it was a "surprise." LOL. It's always a surprise.

Today's surprise: "US oil inventories rose beyond expectations." That's an understatement.

API reported an extensive build in crude oil:

a build of 4.319 million bbls;
forecast: 659,000 bbls
yes, I would say that was quite a surprise.

We'll see what the EIA reports tomorrow; that link is here.

API reports that even as oil inventories rose substantially, US oil production held steady at 11. million bpd. Pretty remarkable. So, either imports or less demand.

Deere John -- Canada And North Dakota -- April 27, 2021

These headlines just warm the cockles of my heart.

Two words: Deere John.

Canada's canola planted area is expected to rise this year for the first time since 2017 with farmers encouraged by soaring export prices amid strong oilseeds demand. Link here to social media. Link to the source article here.

Another word: China.

Other headlines related to canola:

North Dakota farmers optimistic amid challenges; one month ago, KX News
pollinators on the decline in North Dakota; one day ago, KX News
tight soy supplies good for canola, four days ago, The Western Producer
nervous North Dakota farmers are set to "seed in faith" ... record-breaking dryness in North Dakota, two weeks ago, Reuters

MRO Reports Another Huge Well In The Sanish-Antelope -- April 27, 2021

Record IPs in the Bakken: tracked here.

The Jonah USA well is on the MRO Chauncy-Winona pad and is tracked here.

The well:

37089, drl/A, MRO, Jonah USA 11-2H, Sanish-Antelope, first production, 1/21; t--; cum 101K in less than two months; 33-053-09248; 52,960 bbls over 17 days extrapolates to 93,459 bbls of crude oil over 30 days, and, of course, there's a bit of natural gas, also.

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
SANISH	2-2021	27	52306	52147	22546	71870	68076	3624
SANISH	1-2021	17	52960	52503	18639	48605	40526	7967
SANISH	12-2020	5	175	171	193	726	0	716

The geologist's report is yet to be scanned in. Spacing unit: 1280 acres.

FracFocus:

fracked 11/22/20 - 12/3/20;
8 million gallons of water;

45.1% fresh water by mass;
38.7% produced water by mass;

I've been told daughter wells don't do as well as parent wells in the Bakken.

Memo to self: look up the parent well.

This Is Another Second Bench Three Forks Well -- April 27, 2021

Record IPs in the Bakken: tracked here.

The Daniel USA well is on the MRO Chauncy-Winona pad and is tracked here.