Damn The Torpedoes, Full Speed Ahead -- MRO -- Very, Very Interesting -- December 17, 2021

I've posted many times about the incredible Bailey oil field. I'm convinced MRO has a vice-president of operations whose only job is to manage this field. My hunch: an intern, recent engineering graduate from UND.

See this post, plus another one that was started late last night and is still in progress.

*******************************
Damn The Torpedoes -- Full Speed Ahead

Active rigs: daily active rigs being reported by NDIC -- 32 -- I did not check the list for duplicates; one is a SWD well; 

$70.86	12/17/2021	12/17/2020	12/17/2019	12/17/2018	12/17/2017
Active Rigs	31	14	52	68	53

Seven new permits, #38704 - #38710, inclusive

• Operator: MRO:
• Field: Bailey (Dunn)
• Comments:
• MRO has permits for a seven-well pad, on NENW 17-146-93, all of them to be sited 450 FNL and then between 2236 FWL and 1996 FWL -- that's forty feet between each well; 
• the permits: Alvin, Arelia, Sease, KB, Rixman, Comstock, and Yockim

Although we don't have scout ticket data for these new permits, based on their location it is likely they will run north and in the 1280-acre drilling unit: sections 5/8-146-93.

There are currently two parent wells in this drilling unit, #16729 to the east, and #18384 to the west.

The wells:

• 16729, 348, MRO, Vihon 44-8H, Bailey, SESE 8-146-93, 33-025-00647, t11/07; cum 393K 10/21; production jump in 2012; the well originally drilled back in 2007;
  

BAKKEN	11-2012	30	11190	11629	3793	3898	3152	570
BAKKEN	10-2012	11	2487	1678	298	364	107	204
BAKKEN	9-2012	0	0	0	0	0	0	0
BAKKEN	8-2012	0	0	0	0	0	0	0
BAKKEN	7-2012	1	1	0	0	0	0	0
BAKKEN	6-2012	0	0	0	0	0	0	0
BAKKEN	5-2012	0	0	0	0	0	0	0
BAKKEN	4-2012	0	0	0	0	0	0	0
BAKKEN	3-2012	0	0	0	0	0	0	0
BAKKEN	2-2012	1	0	0	0	3	3	0
BAKKEN	1-2012	0	0	0	0	0	0	0
BAKKEN	12-2011	7	209	475	27	165	129	5
BAKKEN	11-2011	30	1203	1160	232	907	690	37
BAKKEN	10-2011	31	1264	1138	262	955	720	52
BAKKEN	9-2011	30	1246	1400	283	953	680	93

• 18384, 394, MRO, Glenn Eckelberg 24-8H, Bailey, SESW 8-146-93, 33-025-00990, t5/10; cum 487K 10/21; production jump in 2014; the well originally drilled back in 2010;

BAKKEN	11-2014	30	13026	13128	6472	7391	293	5525
BAKKEN	10-2014	27	11742	11706	6005	6611	1546	3654
BAKKEN	9-2014	30	12466	12511	5669	7290	4242	1535
BAKKEN	8-2014	25	15129	14799	3964	9165	4708	2691
BAKKEN	7-2014	1	1	0	0	0	0	0
BAKKEN	6-2014	27	1029	1144	846	715	43	421
BAKKEN	5-2014	31	1304	1376	837	927	428	173
BAKKEN	4-2014	30	1304	1400	837	949	493	137
BAKKEN	3-2014	31	1395	1177	866	1001	563	103
BAKKEN	2-2014	28	1222	1181	767	853	421	133

NDSU Coming To Frisco! -- December 17, 2021

I hope you are all watching -- NDSU vs James Madison --  NDSU, 20 - James Madison, 14. No one, but no one, is wearing a mask.

Poll to the right: will NFL postpone any games? Yup, three games scheduled for this weekend have been postponed. 

*******************************
Back to the Bakken

Active rigs: daily active rigs being reported by NDIC -- 32 -- I did not check the list for duplicates; one is a SWD well; 

$70.86	12/17/2021	12/17/2020	12/17/2019	12/17/2018	12/17/2017
Active Rigs	31	14	52	68	53

Seven new permits, #38704 - #38710, inclusive

• Operator: MRO:
• Field: Bailey (Dunn)
• Comments:
• MRO has permits for a seven-well pad, on NENW 17-146-93, all of them to be sited 450 FNL and then between 2236 FWL and 1996 FWL -- that's forty feet between each well; 
• the permits: Alvin, Arelia, Sease, KB, Rixman, Comstock, and Yockim

Six permits renewed:

• Grayson Mill: five Pyramid permits and one Hawkeye permit, all in Williams County; all in NWNW 15-154-101;

Six producing wells (DUCs) reported as completed:

• 38237, 1,191, CLR, Jenson 11-8HSL1, Chimney Butte, minimal production;
  
• 37408, 1,660, CLR, Rodney 14-29HSL, Cedar Coulee, minimal production;
• 37396, 1,144, CLR, Rodney 11-29H1, Cedar Coulee, minimal production;
• 37409, 1,046, CLR, Rodney 13-29H1, Cedar Coulee, minimal production;
• 37377, 1,152, CLR, Rodeny 6-29H1, Cedar Coulee, minimal production;
• 37376, 1,351, CLR, Rodney 5-29H, Cedar Coulee, minimal production;

Soybean Oil Manufacturing Plant -- Spiritwood, ND -- MPC, ADM -- Close On Deal -- December 17, 2021

 Link here.

• JV: Archer-Daniels-Midland, Marathon Petroleum Corporation (the refiner)
• product: soybean oil --> renewable diesel fuel
• ADM: 75%
• MPC: 25%
• to be completed in 2023
• product to be supplied to MPC
• 600 million lbs of refined soybean oil per year--> 75 million gallons of diesel per year
• diesel: one gallon = 137,381 Btu
• North Dakota consumption: 100 trillion Btu distillate fuel oil
• 100,000,000,000,000 / 137,381 = 730 million gallons per year
• Spiritwood: about 10% of ND's annual distillate fuel consumption (?)
• disclaimer: I often make simple arithmetic errors.

North Dakota Aerial Photography -- Vern Whitten -- December 17, 2021

Wow, what a Christmas treat! Enjoy.

From Vern Whitten: http://www.vernwhittenphotography.net/JUS1221/.

Mr Whitten would love to hear from and may appreciate ideas for future photographs.

Favorite pictures, and comments:

• favorite picture: rec center in Watford City, #4
• well fire, #5
• downhill biking, interesting, #8
• Amazon Fargo, #17
• Tinker Toy, Big Iron, Fargo, #20
• field art, #23

Again, say "hi" to Vern!

Vern Whitten Photography
www.vernwhittenphotography.com
(701) 261-7658

Director's Cut -- October, 2021, Data

Usual disclaimer: this is done for my benefit. I do it quickly. There will be content and typographical errors. I generally do not go back to correct errors. If this is important to you, go to the source.

Link here.

Crude oil production:

• October, 2021: 1,110,321 bopd
• September, 2020: 1,114,020 bopd
• a decrease of 3,699 bopd month/month
• a decrease of 0.3%

Natural gas production:

• October, 2021: 92,937,382 mcf/day
• September, 2021: 90,625,657 mcf/day
• an increase of 2,311,725 mcf/day
• an increase of 2.6%

Gas capture: 94%.

Crude price, ND light sweet (WTI):

• today: $66.25 ($71.55)
  
• October: $74.35 ($81.22)
  
• September: $64.37 ($72.38)
  

In conjunction with the Director's Cut, see the December dashboards:

• EIA pdf, Bakken: https://www.eia.gov/petroleum/drilling/pdf/bakken.pdf
• EIA, pdf, Permian: https://www.eia.gov/petroleum/drilling/pdf/permian.pdf
• EIA, pdf, Eagle Ford: https://www.eia.gov/petroleum/drilling/pdf/eagleford.pdf

More from the Director's Cut:

Rig count:

• today: 32 (including SWD rigs)
• November: 33
• October: 29
• September: 27

Wells, permitted:

• November: 50
• October: 37
• September: 69

Wells completed:

• November (preliminary): 60
• October (revised: 41
• September (final): 34

Wells inactive:

• October: 1,881
• September: 1,696

Wells waiting on completion (DUCs):

• October: 457
• September: 503

Wells, producing:

• October: 17,163 (preliminary)
• September: 17,051

Wells off line for operational reasons tracked here.