Halo Effect -- Another MRO Well In Bailey Oil Field -- 22X -- Lorene Stohler -- July 7, 2022

Link sent by reader. I believe this has been previously posted; I forget. But it should be re-posted annually. 

Note: I could do many more of these if the NDIC GIS map server was up and running, but alas it is not, and thus I have more time to do other things.

See this post.

The well:

• 22342, 1,142, MRO, Lorene Stohler 11-3TFH, Bailey, t9/12; cum 154K 5/22; jump in production from 800 bop/month to 18,000 bop/month = 22x.

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2022	31	11304	11432	18561	14704	12304	1226
BAKKEN	4-2022	27	14631	14588	20007	15769	13618	753
BAKKEN	3-2022	31	18491	18387	31593	19058	13755	3526
BAKKEN	2-2022	17	7566	7564	19481	7865	6546	559
BAKKEN	1-2022	13	7090	6931	26939	7567	6197	729
BAKKEN	12-2021	0	0	0	0	0	0	0
BAKKEN	11-2021	0	0	0	0	0	0	0
BAKKEN	10-2021	0	0	0	0	0	0	0
BAKKEN	9-2021	0	0	120	0	0	0	0
BAKKEN	8-2021	23	525	559	434	656	539	24
BAKKEN	7-2021	26	767	842	446	777	663	11
BAKKEN	6-2021	30	230	173	692	905	764	57
BAKKEN	5-2021	31	868	796	848	1023	869	16
BAKKEN	4-2021	21	742	678	766	675	556	19
BAKKEN	3-2021	15	139	168	105	63	49	5
BAKKEN	2-2021	28	319	436	216	257	208	11
BAKKEN	1-2021	31	663	721	534	745	613	29
BAKKEN	12-2020	31	702	672	689	896	765	0
BAKKEN	11-2020	30	646	846	632	890	682	52

A Closer Look At Six MRO DUCs Reported As Completed -- July 7, 2022

For a well with evidence of the "halo effect" secondary to the wells below, see this post. 

Without the NDIC GIS map server, I can't expand on these except to say that:

• these have paid for themselves at the wellhead in less than four months (do not take that out of context); and,
• these are all daughter wells, by definition.

Six producing wells (DUCs) reported as completed:

• 37994, 2,907, MRO, Konstantin 11-3H, lot 4 section 3-146-94, Dunn County, first production, 2/22; t--; cum 115K 5/22;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2022	21	19074	19392	15240	25247	21932	1837
BAKKEN	4-2022	27	29515	29394	21640	36209	32053	2042
BAKKEN	3-2022	31	34990	35167	29775	35221	25983	6768
BAKKEN	2-2022	26	31816	31509	40824	28612	25569	706

• 37996, 3,532, MRO, Christoph 41-4H, lot 1 section 4-146-94, Dunn County, first production, 2/22; t--; cum 136K 5/22;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2022	31	37169	37131	21372	48984	47411	582
BAKKEN	4-2022	25	22839	22875	25641	26097	25101	381
BAKKEN	3-2022	31	38488	38484	37796	39494	36292	2173
BAKKEN	2-2022	26	37454	37620	42142	33985	32793	168

• 37997, 2,275, MRO, Phillip 41-4TFH, lot 1 section 4-146-94, Dunn County, first production, 2/22; t--; cum 119K 5/22;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2022	31	32724	32755	27792	38629	37347	428
BAKKEN	4-2022	25	26103	26059	24310	27577	26402	478
BAKKEN	3-2022	31	32424	32395	38853	34034	32125	1040
BAKKEN	2-2022	26	28055	28025	40365	24929	24032	139

• 38086, 4,011, MRO, Seidler USA 31-4H, lot 1 section 4-146-94, Dunn County, first production, 2/22; t--; cum 111K 5/22;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2022	31	33322	33396	19282	38454	37208	379
BAKKEN	4-2022	25	30557	30431	17885	31361	30210	345
BAKKEN	3-2022	24	27801	27741	19712	24249	22571	945
BAKKEN	2-2022	18	19291	19699	21345	21486	20807	134

• 38087, 4,036, MRO, Weidner USA 31-4TFH, lot 1 section 4-146-94, Dunn County, first production, 2/22; t--; cum 141K 5/22;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2022	31	26868	26999	21384	33524	32457	357
BAKKEN	4-2022	25	31242	31251	24802	33468	32103	530
BAKKEN	3-2022	31	47004	46928	41161	47004	43350	2405
BAKKEN	2-2022	26	36327	36330	40363	34266	33261	0

• 38233, 2,309, MRO, Sebastian 21-14TFH, NWNE 14-146-94, Dunn County, first production, 3/22; t--; cum 63K 5/22;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2022	27	26331	26095	28268	23761	21028	860
BAKKEN	4-2022	26	20771	20811	27995	18518	16082	961
BAKKEN	3-2022	13	16271	15937	25037	13755	8087	4555

Five New Permits; Twenty Permits Renewed; Six MRO DUCs Reported As Completed -- July 7, 2022

Gasoline demand, link here:

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

WTI: $102.40.

Active rigs: 43 or thereabouts.

Five new permits, #39071 - #39075, inclusive (note: NDIC has permits numbered wrong):

• Operators: Crescent Point Energy (4); Resonance Exploration
• Fields: Blue Ridge (Williams); West Roth (Bottineau)
• Comments:
• Crescent Point has permits for two CPEUSC Szarka wells and two CPEUSC Samples wells, 
• all in lot 1 section 2-158-100; to be sited 265 FNL and between 335 FEL and 435 FEL;
• Resonance Exploration has a permit for a Resonance Fylling well in Bottineau County, 
• to be sited in NENW 36-163-79, 808 FNL and 2346 FWL

Twenty permits renewed:

• CLR (5): one Elveida permit in Divide County; and four Putnam permits in Williams County
• Hess (5): three EN-Kiesel permits; one AN-Lone Tree permit; and one RS-State permit, all in Mountrail County;
• XTO (4): four Ruby State Federal permits in McKenzie County;
• Whiting (4): two Klose Federal permits; one USA Federal permit, all in McKenzie County; and a Lacey permit in Mountrail County
• EOG (2): a Liberty LR permit in Mountrail County; and one Clarks Creek permit in McKenzie County;

Six producing wells (DUCs) reported as completed:

• 37994, 2,907, MRO, Konstantin 11-3H, lot 4 section 3-146-94, Dunn County,
• 37996, 3,532, MRO, Christoph 41-4H, lot 1 section 4-146-94, Dunn County,
• 37997, 2,275, MRO, Phillip 41-4TFH, lot 1 section 4-146-94, Dunn County,
• 38086, 4,011, MRO, Seidler USA 31-4H, lot 1 section 4-146-94, Dunn County,
• 38087, 4,036, MRO, Weidner USA 31-4TFH, lot 1 section 4-146-94, Dunn County,
• 38233, 2,309, MRO, Sebastian 21-14TFH, NWNE 14-146-94, Dunn County,

Change of operator:

• in addition to the 50 +/- wells transferred from Enerplus to EMEP Operating, LLC, yesterday, another five were transferred today

EPD Increases Quarterly Dividend -- Not By Much -- July 7, 2022

Note: this is EPD's second 2022 distribution hike. "Fluff" article over at SeekingAlpha. But the writer did note:

• Midstream has sold off fiercely along with plunging energy prices amid fears of a recession.
• Meanwhile, EPD just announced its second distribution hike for 2022.

Link here, new, 47.50 cents; EPD now yielding 7.92%; record date, 7/29/22; pay date, 8/12/22.

History here:

Gasoline Drops Below $4.00 / Gallon Here In North Texas -- July 7, 2022

Also, mortgage rates: see largest drop since December, 2008, amid rising concerns over a recession. Link here.