Parent Well, XTO Werre Trust -- Production Update -- April 28, 2023

Locator: 44495B.  

 

The Werre Trust wells are tracked here.

 

The parent well, link here, with full production:

• 18294, 341, XTO, Werre Trust 44X-34H, Bear Creek, t3/10; cum 582K 5/20; cum 661K 2/23.

The Werre trust wells are followed in many locations on the blog.

BR Activity In Dimmick Lake -- April 28, 2023

Locator: 44494B.

The two pads in 12-151-96.

• 36241, loc/A, BR, Stortroen 1C TFH, Dimmick Lake, t--; cum 157K 3/23; off line;
• 36242, loc/A, BR, Maverick 1E MBH, Dimmick Lake, t--; cum 198K 3/23; off line;
• 36243, loc/A, BR, Stortroen 1D MBH, Dimmick Lake, t--; cum 167K 3/23; off line;
• 36244, loc/IA, BR, Maverick 2C TFH, Dimmick Lake, t--; cum 198K 3/23; off line;

• 36245, drl/A, BR, Maverick 2D MBH, Dimmick Lake, t--; cum 118K 3/23;  nice well;
• 36246, drl/IA, BR, Maverick 2E TFH, Dimmick Lake, t--; cum 73K 3/23; off line; off line;
• 36247, drl/A, BR, Stortroen 2C TFH, Dimmick Lake, t--; cum 72K 3/23; off line;
• 36248, drl/A, BR, Stortroen 2D MBH, Dimmick Lake, t--; cum 61K 3/23; off line;

The map:

So, with all that activity on those two pads, let's look at #18732. I didn't do this until one minute ago. The Bakken never ceases to amaze me. The reader will be seeing this along with me for the first time. Amazing.

18732, 558, CLR, Stortroen 1-13T, Dimmick Lake, t7/10; cum 301K 2/23;

• unlike the newer wells noted above, which are BR wells, this well is a CLR well.
• this well was drilled back in 2020, thirteen years ago:
• initial production was lousy

• by early 2022 (one year ago), the well was a dying well:

• then all of a sudden, it's a new well, 9/22:

#17213 also showed a jump in production but it is currently off line; it went off line 1022; I'll come back to #17231 later, once it's back on line.

Big Day -- BR With Eight New Permits, Dimmick Lake, McKenzie County; Scout Tickets Now Reporting Production Through March, 2023 -- April 28, 2023

Locator: 44493B. 

Quite a day; note the VIX:

Valero: net income more than triples.  

Tallgrass: announces open seasons for Pony Express Pipeline. Link here.

• PXP; looking to expand;
• Guernsey, WY, to Cushing, OK
• 230,000 bbls per day

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

Active rigs: 43.

WTI: $76.73.

Natural gas: $2.402

Eight new permits, #39860 - #39867, inclusive:

• Operator: BR
• Field: Dimmick Lake (McKenzie)
• Comments:
• BR has permits for four Clemens wells and four Demicks Lake wells, SESW 7-151-96; 
• to be sited 423 FSL and between 1857 FWL and 2249 FWL; 

The parent well sited in that section, and the one to the south: see this post.

• 17182, 2,130, BR, Clemens 24-7H, Dimmick Lake, t5/10; cum 237K 3/23;
• 16791, 436, BR, Demicks Lake 41-18H, Dimmick Lake, t3/08; cum 195K 3/23;
  

Week 17: April 24, 2023 -- April 30, 2023

Locator: 44494B. 

Of note: either there has been a huge amount of oil activity this past week, or Hart Energy, pedal to the metal, has been posting a whole lot more than before.

Top story:

• Joe Biden is still president
• Joe Biden announces he will run for re-election; no party opponent; probably no party debates;
• more and more it looks like Trump will not participate in GOP debates;
  

Top international non-energy story:

• Russian-Ukraine war continues; China could be working peace agreement; 
• Ukraine "destroys" huge Russian-Crimean oil depot
  

Top international energy story: 

• 
  

Top national non-energy story:

• INTC reports worse first quarter earnings ever; shares gain after news ("it could have been worse")
• Sexual identity; transgender becoming wedge issue leading up to national elections.
• This is not a bull market; imagine what a bull market must feel like.
  

Top national energy story:

• XOM reports best first quarter earnings ever -- in its 140-year history
• XOM shares hit all-time high.
• California pushing the envelope on phasing out ICEs, diesel engines -- cars, trucks, rail starting within ten years
  

Focus on fracking: most recent edition.

Top North Dakota non-energy story:

• 
  

Top North Dakota energy story:

• 
  

Geoff Simon's top North Dakota energy stories:

•  Quick connects.
  

Bakken economy:

Commentary:

Entertainment: 

• the Disney-DeSantis spat continues; Iger taking Ron to court;

Oil Production Going Forward -- April 28, 2023

Locator: 44492E. 

Keep these two graphs / charts in mind when listening to Chevron's CEO talk about Venezuela.

These two graphs reflect the amount of oil produced by either company. Over the past few years, the price of oil has had its ups and downs but in the big scheme of things has been running in a fairly narrow band suggesting volume of oil produced is directly related to share price.

Now, think about this, link here: