Tuesday, June 4, 2024

Absolutely Fascinating, This Market -- How Can One Not Be Excited? June 4, 2024

Locator: 48058INV.

It seems to be a trader's market but, wow, what great opportunities for investors, if one stays the course. 

Here we go, and this is just the beginning.

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Iron Oil Prospects In The Parshall Oil Field, The Bakken -- June 4, 2024

Locator: 48057B.

Some big units, in. relatively unexplored area. It will be interesting how Iron Oil does with "new" technology and lessons learned in the Bakken, since 2000 / 2007.

From the June, 2024, hearing dockets:

Case 30989, Iron Oil, Parshall-Bakken, to establish six 1920-acre units, four horizontal wells in each unit (24 wells); establish three 1920-acre unit, four wells on each unit (12 wells); Mountrail County;

This is a case, not a permit.

The maps: three of the six 1920-acre units, in T154N R89W:

The wells and permits of interest:

  • 16840, 277, Proven Petroleum, Bergstrom Family trsut 26 1-H, Parshall, t1/08; cum 84K 4/24;
  • 19309, 100, Hunt, McAlmond 1-35-26H 1, Parshall, t1/11; cum 66K 4/24;
  • 39288, conf, Hunt, Oakland 154-89-18 SWD 1, Parshall,
  • 40033, conf, Hunt, Shell 153-89-5-8H 1, Parshall,
  • 40634, conf, Hunt, Oakland 154-89-30-19H-1, Parshall,
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There's A Meme Out There That Daughter Wells Don't Produce As Well As Parent Wells In Shale Plays -- June 4, 2024

Locator: 48056B.

This is not necessarily the norm in the Bakken (well, actually it is) but it's easy to find examples.

See the parent well here.

This is one of the daughter wells drilled in 2021, just a couple of years ago.

  • 38046, loc/A, Slawson, Muskrat Federal 3-28-33H, Big Bend, t1/22; cum 324K 4/24;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-20243065996504482061035174779
BAKKEN3-202430857589005447734854631737
BAKKEN2-20242910370100606441882261922485
BAKKEN1-202422834690234881703957921139
BAKKEN12-20232510632100656317885459592768
BAKKEN11-202321840384064293704542642675
BAKKEN10-20232130863730443726381978556
BAKKEN9-20232711214103277664945462403079
BAKKEN8-20230000000
BAKKEN7-20230000000
BAKKEN6-2023003180000
BAKKEN5-202317843289396966680031313583
BAKKEN4-2023521441390202117054651215
BAKKEN3-20230000000
BAKKEN2-20230000000
BAKKEN1-20232112219096138770865
BAKKEN12-202219751670904189592414364392
BAKKEN11-202213557853576008447123032105
BAKKEN10-2022291780917836128111441663617911
BAKKEN9-2022282234822908866318186599612052
BAKKEN8-20222624321239141053019828353916159
BAKKEN7-20223129717296841378324290263321502
BAKKEN6-20222929165296051723023797220021451
BAKKEN5-20223030474300271841924705364120912
BAKKEN4-20221920288203221622316355328812972
BAKKEN3-20223040228403354168232461477027543
BAKKEN2-20221217285170831922713878013817
BAKKEN1-20221715005750570
BAKKEN12-20211330016011

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Updating An Incredible Slawson Well Drilled Back In 2011 -- Still A Big Producer -- June 4, 2024

Locator: 48055B.

NDIC still shows this well as "F" without a pump.

The well:

  • 19255, 718, Slawson, Muskrat Federal 1-28-33H, Van Hook, Bakken, t1/11; cum 491K 4/18; off line while other Muskrat Federal wells being fracked; cum 614K 4/21; cum 710K 4/24; recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2024301969190212152448227325
BAKKEN3-2024312004209713512575234674
BAKKEN2-202422148813639381368116494
BAKKEN1-20243121432687158116271202270
BAKKEN12-2023302502215718422210197683
BAKKEN11-2023302465252022932639247613
BAKKEN10-20233126012941170929662628183
BAKKEN9-202330252824781895280326540
BAKKEN8-202331264925492117300728520
BAKKEN7-202330261424692139319430420
BAKKEN6-202330254325183301301528650
BAKKEN5-2023231992182734501506132467
BAKKEN4-20232728043192277226632412116

 Back in 2014:

BAKKEN12-20143142594233132629312635141
BAKKEN11-201430512449761586295728070
BAKKEN10-20143153675412164636642679830
BAKKEN9-20143055805808183338023477175
BAKKEN8-201425353040531347233022050
BAKKEN7-20141626522065936168916090
BAKKEN6-201429487350331481370235570
BAKKEN5-201431570056721772425641010
BAKKEN4-201430566956741698347333230
BAKKEN3-201431641866601895421540600
BAKKEN2-201428641061551855421240720
BAKKEN1-201431764780732332521150560

Back in 2012:

BAKKEN12-2012314378390312016663560
BAKKEN11-201223464245141287184716170
BAKKEN10-201226681869291938236521050
BAKKEN9-2012309996102442673689465940
BAKKEN8-20123110413113212957624059300
BAKKEN7-20123111069106962901760572950
BAKKEN6-2012301052499842940741471140
BAKKEN5-20123113563135453667960392930
BAKKEN4-20122812549120484508704067600
BAKKEN3-201226189924014084612010
BAKKEN2-201226444450431480259623360
BAKKEN1-201231966996532608622459140

First four months of production:

BAKKEN5-20112914913147973741961793270
BAKKEN4-2011271013995272024640554031002
BAKKEN3-2011291544115836429698431979646
BAKKEN2-20112827410254291015312223012223
BAKKEN1-2011221338712840769422000
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Add Nashville to America's Great Cities - June 4, 2024

Locator: 48054US.

Link here.

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