Phaelens Butte

 Locator: 47985B.

 

Updating The WPX Omaha Woman Wells, Phaelens Butte

 Locator: 47984WPX.

These wells are tracked here.

The wells of interest:

• 36864, drl/A-->F/A, WPX, Omaha Woman 24-13-12HD, Phaelens Butte/Squaw Creek, t10/20; cum 65K in 29 days; cum 305K 5/21; cum 500K 3/24; still F;
  
• 36820, drl/A-->F/A, WPX, Omaha Woman 24-13-12HC, Phaelens Butte/Squaw Creek, t10/20; cum 82K over 28 days; cum 354K 5/21; cum 563K 3/24; still F;

The maps:

The wells:

• to the south, running north, three section, extended long laterals:
• 36819, AL/A, WPX, Omaha Woman 24-13-12HY, Phaelens Butte, t9/20; cum 503K 3/24;
• 36820, drl/A-->F/A, WPX, Omaha Woman 24-13-12HC, Phaelens Butte/Squaw Creek, t10/20; cum 82K over 28 days; cum 354K 5/21; cum 563K 3/24; still F;
• 36864, drl/A-->F/A, WPX, Omaha Woman 24-13-12HD, Phaelens Butte/Squaw Creek, t10/20; cum 65K in 29 days; cum 305K 5/21; cum 500K 3/24; still F;
• 36821, F/A, WPX, Omaha Woman 24-13-12HZ, Phaelens Butte/Squaw Creek, t10/20; cum 564K 3/24; still F;
• 37309, F/A, WPX, Omaha Woman 24-13-12HIL, Phaelens Butte/Squaw Creek, t10/20; cum 726K 3/24; still F;

• to the north, running south, three sections, extended long laterals:
• 37328, AL/A, WPX, Nokota 24-13-12HQ, Phaelens Butte, t10/20; cum 406K 3/23;
• 37133, AL/A, WPX, Nokota 24-13-12HA, Phaelens Butte, t10/20; cum 491K 3/23;
• 37134, F/A, WPX, Nokota 24-13-12HB, Phaelens Butte, t10/20; cum 652K 3/23; still F;
• 37135, F/A, WPX, Nokota 24-13-12HX, Phaelens Butte, t10/20; cum 531K 3/23; still F;

Initial production:

• 37135:

BAKKEN	8-2021	31	19457	19439	22837	58196	58033	0
BAKKEN	7-2021	31	12801	12826	15195	24056	23936	0
BAKKEN	6-2021	30	22794	22662	25459	44288	33908	7784
BAKKEN	5-2021	20	15993	16142	17837	31075	25709	3555
BAKKEN	4-2021	30	27115	27005	28704	42463	39409	0
BAKKEN	3-2021	31	26596	26665	27747	36543	28096	5442
BAKKEN	2-2021	28	27175	27077	29275	37338	26647	7646
BAKKEN	1-2021	29	32158	32156	34355	44186	28486	12111
BAKKEN	12-2020	31	45703	45616	46583	62797	40034	17710
BAKKEN	11-2020	30	68773	69001	74085	94493	41935	45043
BAKKEN	10-2020	13	59212	58831	48316	81357	36455	38501

• 37134:

BAKKEN	7-2021	31	13182	13185	11789	36622	36496	0
BAKKEN	6-2021	30	22109	22136	17568	52375	41828	8032
BAKKEN	5-2021	31	26142	26211	20108	61929	44087	14883
BAKKEN	4-2021	30	31921	31893	22168	53189	49621	0
BAKKEN	3-2021	31	41412	41373	26830	54582	49894	97
BAKKEN	2-2021	24	30537	30454	20670	40248	32166	4696
BAKKEN	1-2021	29	39777	39846	31805	52426	35692	12333
BAKKEN	12-2020	31	70137	69948	48429	92442	65453	19322
BAKKEN	11-2020	30	80474	80740	58188	106063	60245	37051
BAKKEN	10-2020	13	69136	68691	47438	91121	44375	39282

• 37309:

BAKKEN	8-2021	31	25592	25488	13000	48424	48271	0
BAKKEN	7-2021	31	26513	26656	13715	43951	43800	0
BAKKEN	6-2021	30	28170	28212	14095	43402	40253	0
BAKKEN	5-2021	31	40140	40139	18482	62692	58248	0
BAKKEN	4-2021	27	30185	30130	16221	39151	35013	779
BAKKEN	3-2021	31	42472	42547	20947	55085	49187	1198
BAKKEN	2-2021	17	18536	18498	10589	24354	22290	0
BAKKEN	1-2021	31	41052	40866	22277	53243	48635	62
BAKKEN	12-2020	31	48713	48725	26894	59283	42942	10973
BAKKEN	11-2020	30	34954	34911	20172	42539	32280	6368
BAKKEN	10-2020	31	48585	48702	22651	39600	34247	0
BAKKEN	9-2020	20	46676	46414	27852	56805	19326	32393
BAKKEN	8-2020	0	0	0	0	0	0	0

• 36820:

BAKKEN	5-2021	21	10590	10774	9727	20757	10602	8922
BAKKEN	4-2021	30	24721	24706	17932	36463	26336	7326
BAKKEN	3-2021	31	30057	30136	20112	44335	22865	18099
BAKKEN	2-2021	28	37650	37403	26118	55532	31215	20152
BAKKEN	1-2021	27	34886	34888	24518	51455	26865	20731
BAKKEN	12-2020	31	59662	59668	39381	73265	44955	21771
BAKKEN	11-2020	30	73776	73960	55275	90596	50894	31658
BAKKEN	10-2020	28	82318	81951	58511	62518	53575	0
BAKKEN	9-2020	0	0	0	0	0	0	0
BAKKEN	8-2020	0	0	0	0	0	0	0

COP - MRO Deal -- Announced May, 2024

Locator: 47983COPMRO.

Updates

Closes: November 22, 2024.

Rigzone: June 3, 2024. Link here.

RBN Energy, May 31, 2024: link here.

May 30, 2024: link here. 

Original Pad

MRO pads in the Bakken. Link here.

Twitter, May 29, 2024. Link here.

Oil & Gas Journal, May 29, 2024. Link here.

 

Three New Permits; Six Permits Renewed -- May 29, 2024

Locator: 47982B.

McDonald's: the company's problem now? Perception. The word is out. McDonald's is very expensive.

Even if McDonald's were to cut prices -- and the restaurant chain will have a month-long $5-meal campaign -- it will take a long time for customers to "accept" that McDonald's is still an affordable fast-food restaurant.

Often, so much is about perception. For me, now, when I need a quick snack at home, it's a peanut butter and jelly sandwich, probably costing all of 20 cents. I assume others are doing the same.

Link here. 

The $5-meal promotion may be McDonald's Mulvaney moment. We'll see.

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

API: reports significant draw of oil inventories. We will see if EIA confirms tomorrow;

• a draw of 6.6 million bbls for the week ending May 17, 2024;

WTI: $79.23.

Active rigs: 34.

Three new permits, #40790 - #40792, inclusive:

• Operator: Phoenix Operating
• Field: Skabo (Divide County)
• Comments:
• Phoenix Operating has permits for three Jacobson wells, NENW 19-160-98,
• to be sited 310 FNL, and 2182, 2272, and 2242 FWL.

Six permits renewed:

• CLR: Patent Gate oil field permits for Berlain (sic) (2), Olympia (2), and Charleston (2).

The Book Page -- May 29, 2024

Locator: 47981BOOKS.

The Book Page

In This Economy? How Money and Markets Really Work, Kyla Scanlon, c. 2024.  

Kyla was the individual who coined the word, vibecession. 

A fun book to read; experienced investors can read this book in one setting. I doubt many in my audience would find this book useful.

Target audience: the first or second year, probably the first year, college student majoring in finance, business, etc, and/or the same college student interested in starting to invest, or at least to better understand the daily equity and bond markets. 

I'm glad I bought it but I wouldn't recommend it except for college students with business or investing interests. 

***************************
Never Quit Reading -- Like A Box Full Of Chocolates

Today, while reading a biography of Charlie Chaplin, c. 2023, I came across this:

So, I pulled out my copy of this:

And what a wonderful surprise! The James' family house was featured in a two-page spread in the book:

Many decades ago I had the pleasure of spending a lot of time in the Carmel area. To think I could have purchased a small bungalow along the coast for a "song," as they say.