Wednesday, December 29, 2021

Drilling In Mercer County -- December 29, 2021

See this post for background. 

A reader sent me this photo today with the caption:

Wed, Dec 29 at 8:48 PM -- Nabors B05 or Nabors B5

Rigged up in Mercer county just north of the Morton county line on highway 49 a couple miles or so. 
I can't find the Nabors B5 rig at any of the NDIC sites (well search, confidential well, daily activity reports. I'll keep looking ... see if I can identify the well. 

The size of these rigs never cease to amaze me and, in this case, look at the small town that has popped up around this rig to drill a single well.

Truly amazing.

Record Snow Out West -- December 29, 2021

$4.00 Gasoline And The Keystone XL -- December 29, 2021

It's pretty much a given that all credible analysts argue that unleaded, regular gasoline could average $4.00 / gallon next spring (2022). 

For those who understand the pricing of gasoline in this country, one can connect the dots back to 2005 when the Keystone XL was first publicly proposed. 

It's a complicated story, not easily explained to the American public.

But at the end of the day, all discussions about $4.00-gasoline circle back to the Keystone XL.

A Request For Help From Readers -- December 29, 2021

Can any reader remember if any major US airport has ever been shut down, not because of weather or terrorism, but because not enough workers showed up for work?

DFW (Dallas-Ft Worth International Airport) has just been closed to all incoming flights because there are not enough workers. 

I have not fact-checked this, but I have that from a very, very reliable source. Local news. 

Following this story: all liquor stores in the DFW area will be closed this Saturday and Sunday. 

Boy Scouts: be prepared. 

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Product Placement

Apple iPad: it just works. 

I was challenged with another "tech" problem earlier today; the iPad solved it for me. It just worked for me. It did what I wanted it to do. Didn't need a manual. Intuitive.

Sometimes I think Apple is transferring all its software folks to mobile and letting desktops twist in the wind. 

The iPad: it just works. 

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Alamo Bowl Tonight

Oklahoma vs Oregon.

Wow.

Sophia is with her family on the famed River Walk in San Antonio this week /weekend. 

Long story. But that's where Sophia and Corky are tonight. 

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Off The Net In A Few Minutes

Bike ride before it gets too dark to pick up a rotisserie chicken for dinner, and I bet it's less expensive than a frozen "organic young chicken" in the back of the store.

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Local Covid

This is great! Adult daughter -- ph.d. in nursing -- shows up for work today -- one of the employees tested positive for Covid -- the whole staff is off for the next ten days! 

Not exactly "off" -- they will work from home, but that's as good as being off in my book.

Long live Covid-19. More family time. Wow, what a great country. And 80-degree weather -- until winter hits this weekend for a couple of days.

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Turn Up The Volume

Take On Me, A-Ha

No New Permits; XTO Reports A Dry Hole Due To Cementing Issues; Re-Drilled -- December 29, 2021

US equities:

  • Dow and S&P 500 trading near all-time highs
  • Dow: intra-day high -- 36,571.55
  • S&P 500: intra-day high -- 4,804.06; apparently closed higher for the 70th time this year, 4,793.06.
  • individual equities of interest
    • AAPL: flat but slightly green
    • SRE: held above $131
    • UNP: closed near its 52-week high; recently raised dividend second time in one year;

Alex Kimani's three energy picks for 2022:

  • COP
    • BoA with a $67 price target;
  • Cenovus Energy
    • C$14.50 price target;
  • APA
    • many irons in the fire around the globe

BRK-B: 30% appreciation from one year ago.

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Back to the Bakken

Active rigs:

$76.62
12/29/202112/29/202012/29/201912/29/201812/29/2017
Active Rigs3113566648

No new permits.

Hess put a large number of old producing Madison wells on the "abandoned" list. 

Dry hole:

  • 35151, XTO, Bullberry Federal 24X-2D, Lost Bridge, will plug and abandon; cementing issues were encountered on the well. Re-drilled as the 24X-2DR (#35789); 
  • other wells on that pad, all drilled, but not completed:
    • 35789, SI/NCW, XTO, Bullberry Federal 24X-2DR, Lost Bridge,
    • 35150, SI/NCW, XTO, Bullberry Federal 24X-2H2, Lost Bridge,
    • 35154, SI/NCW, XTO, Bullberry Federal 24X-2G, Lost Bridge,
    • 35155, SI/NCW, XTO, Bullberry Federal 24X-2C, Lost Bridge,

A reminder: these wells are in the immediate vicinity of this well -- from an earlier post, note production in September, 2020, below.

MRO is on a roll. This is really quite incredible. Maybe more on this later, but for now, the well:

  • 32434, drl/NC-->4,679, MRO, Stillwell 21-13H, 33-025-03101, Lost Bridge, first production, 8/20; t--; cum 215K 9/20; fracked, 8/19/20 - 8/25/20; 7.9 million gallons of water; 81.2% fresh water by mass; 6.4% produced water by mass; production; note 90K in first full month of production; 215K in three months. Early in the boom, EURs of 300K were the expected; 403K 8/21; F;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20203053105529831664986043817341019
BAKKEN10-20203064940650212053985430784563024
BAKKEN9-2020309038989900506361199941131421506
BAKKEN8-20204635558564005810063581121