Friday, May 6, 2022

Week 18: May 1, 2022 -- May 7, 2022

Top story of the week:

  • Joe Biden is still president.
  • Most volatile stock market ever.

Top international non-energy story:

Top international energy story:

Top national non-energy story:

Top national energy story:

Top North Dakota non-energy story:

Top North Dakota energy story:

Geoff Simon's top North Dakota energy stories:

Operators:

Operations:

Wells:

Fracking:

Pipelines:

Refining:

Natural gas:


Bakken economy:

Commentary:

Kraken With One New Permit; Three DUCs Reported As Completed -- May 6, 2022

Active rigs:

$109.80
5/6/202205/06/202105/06/202005/06/201905/06/2018
Active Rigs3917226262

One new permit, #38934 --

  • Operator: Kraken
  • Field: Burg (Williams)
  • Comments:
    • Kraken has a permit for a Claire Rose section line well on lot 4 section 5-158-99; 
      • to be sited 349 FNL and 948 FWL

Three producing wells (DUCs) reported as completed:

  • 38300, 1,791, Ovintiv, Rolla 152-97-1-12-20HLW, Westberg, see below;
  • 38418, 1,216, Ovintiv, Bernice 150-90-20-17-6H, South Tobacco Garden, see below;
  • 38419, 973, Ovintiv, Bernice 150-99-20-17-7H, South Tobacco Garden, see below;

*******************************
Production

Three producing wells (DUCs) reported as completed:

  • 38300, 1,791, Ovintiv, Rolla 152-97-1-12-20HLW, Westberg,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-202228230524946179201012001190
BAKKEN2-20222728573287683243971396713960
BAKKEN1-2022314119241140522171008851008850
BAKKEN12-2021314307643059611399668396523160
BAKKEN11-20218104821014111716230012290299
  • 38418, 1,216, Ovintiv, Bernice 150-90-20-17-6H, South Tobacco Garden,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20223124157240923159038079380790
BAKKEN2-20222820963209873319129876298760
BAKKEN1-20222824974247954388336830368300
BAKKEN12-2021313133931375588504550145194307
BAKKEN11-2021273746608618520
  • 38419, 973, Ovintiv, Bernice 150-99-20-17-7H, South Tobacco Garden,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20223119171191563350649164491640
BAKKEN2-20222818583185623393338526385260
BAKKEN1-20222919584194134215434256342560
BAKKEN12-2021312045120634590823419733967230
BAKKEN11-20213918581802108410730

Rivian: The Canary In The Coal Mine -- May 6, 2022

Link here.

Rivian ticker:

An XTO Bear Creek Well Drilled Five Years Ago Hits 500K Bbls Crude Oil Cumulative -- May 6, 2022

The way I look at these things, the natural gas sales from these wells now pay for all the administrative costs; on-going maintenance / operational costs; taxes; of these huge wells -- remember, it costs about the same for a lousy well as a great well -- with the crude oil sales pretty much all free cash flow. But that's just me.

At one time, Bear Creek held the record for the best producing field in the Bakken. 

The well:

  • 32753, 2,556, XTO, Bear Creek Federal 31X-3C, Bear Creek, API 33-025-03161, t10/17; cum 492K bbls oil; cum 1,048,397 MCF natural gas; which I guess works out to about 175K boe; recent production -- 
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20223131202902478314931148620
BAKKEN2-202217113011952441718671470
BAKKEN1-20222717441614300615133150380
BAKKEN12-20211234847468836323491114
BAKKEN11-2021292563265040802304922161800
BAKKEN10-20213135593483522928253269801165
BAKKEN9-2021212607258642561803217250729
BAKKEN8-2021252692274340452400623334616
BAKKEN7-20213140024048541332041254206527
BAKKEN6-20213041224101509729996236586217
BAKKEN5-20213143134370550429994253464532
BAKKEN4-20213044714582617835393291166141
BAKKEN3-20212956775473578630899261784598
BAKKEN2-20212644404466483721736161415510
BAKKEN1-20213156505691681821897152726527
BAKKEN12-20203159055939593125203212513796
BAKKEN11-20203060656001552827809191878463
BAKKEN10-20203167986839666730959990020919
BAKKEN9-202030773778397275310031016220745
BAKKEN8-20203180247902670724071196004376
BAKKEN7-2020255506604449211301781984772
BAKKEN6-202030621360146630135621330713

The Field That Keeps On Giving -- MRO With Another Incredible Well In Bailey Oil Field -- May 6, 2022

The Bailey oil field is tracked elsewhere. 

The well:

  • 38087, drl/drl, MRO, Weidner USA 31-4TFH, Bailey, API: 33-025-04151, first production, 2/22; t--; cum 83K in 57 days --
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20223147004469284116147004433502405
BAKKEN2-20222636327363304036334266332610