Recently I made a comment in passing about all the oil that must be coming out of Fort Berthold Indian Reservation based on reports of two or three more pipelines in the FBIR that have been approved, are in the process of being laid, or have been completed.
Tonight, in passing, I see that "Bakken Shale" updates Enerplus results by noting that ERF has recently completed six wells in the FBIR. Four of the wells were short laterals and two of the wells were long laterals. The short laterals averaged 800 bopd over 30 days, and 650 bopd over 60 days.
The long laterals averaged 1,190 bopd over 30 days, and 1,100 bopd over 60 days.
Yup, I would say that the FBIR is a pretty sweet spot. Enerplus still has six wells on the confidential list (and these might be the same six, most undoubtedly they are), and they are all in T147N-R93W. They are all in McGregory Buttes or Moccasin Creek oil fields, west of the river.
For those who have not invested in ERF before and considering it, you may want to read this article first.
Thursday, September 23, 2010
Dropbox.com
I will be traveling again in a few weeks and will be away for quite some time. While traveling it is hard to maintain the blog. But I do the best I can. Bear with me.
However, I have found a tool that will make it easier: cloud computing.
Yes, cloud computing has been around for quite awhile but I am only starting to use it. By strict definition, this probably isn't even true cloud computing. But I was introduced to "Dropbox.com" and it is awesome. "Dropbox.com" allows me to store data files somewhere out there on "the internets," as one of our former presidents so famously said, and then can access those files wherever I have an internet connection. In addition, it automatically syncs all changes I make.
I have "Dropbox.com" on my Apple desktop computer, and then was reminded that "Dropbox.com" also has an iPad application, for free downloading. It is spectacular. I cannot overstate how crystal clear, how aesthetic, the products are on the iPad. It truly is magical.
The iPad is not good for productivity, but it is awesome for the tools for which it was designed. Anyway, a little plug for which I will receive no compensation. Smile.
[September 24, 2010: I received the following comment regarding this post, but it failed to post, so I will post the comment here, since it is pithy and important: "Ah yes, the Kool Aid. Spectacular. Crystal Clear. Truly Magical. Not good for productivity. A near total failure on the trip to North Dakota. Awesome. Glad to see the moments of lucidity." -- sent in by "anonymous." My reply is in the comments.]
However, I have found a tool that will make it easier: cloud computing.
Yes, cloud computing has been around for quite awhile but I am only starting to use it. By strict definition, this probably isn't even true cloud computing. But I was introduced to "Dropbox.com" and it is awesome. "Dropbox.com" allows me to store data files somewhere out there on "the internets," as one of our former presidents so famously said, and then can access those files wherever I have an internet connection. In addition, it automatically syncs all changes I make.
I have "Dropbox.com" on my Apple desktop computer, and then was reminded that "Dropbox.com" also has an iPad application, for free downloading. It is spectacular. I cannot overstate how crystal clear, how aesthetic, the products are on the iPad. It truly is magical.
The iPad is not good for productivity, but it is awesome for the tools for which it was designed. Anyway, a little plug for which I will receive no compensation. Smile.
[September 24, 2010: I received the following comment regarding this post, but it failed to post, so I will post the comment here, since it is pithy and important: "Ah yes, the Kool Aid. Spectacular. Crystal Clear. Truly Magical. Not good for productivity. A near total failure on the trip to North Dakota. Awesome. Glad to see the moments of lucidity." -- sent in by "anonymous." My reply is in the comments.]
Another Stroh Well in Fayette Field
Anschutz well, file #18423, Raphael Stroh 1-13-24H-143-97, Fayette field, comes off the confidential list today (September 23, 2010). An IP is not provided, but the first report says it produced 245 bbls "the first day." But we have no idea how long the well was flowing that first day -- one hour or 24 hours. Update: see comment below, dated January 3, 2010 -- the IP is said to have been 2,409. Fracked in November, this well has apparently produced about 50,000 bbls of oil; at $50/bbl, that's $2.5 million at the wellhead. At $75/bbl, and at current rate of 500 bbls/day, that works out to about $1 million/month.
Click here to see the background to this story regarding the "Stroh" wells.
Update, October 31, 2010: Great news! Happy Halloween! See comments below. I've been sent an update on the Raphael Stroh well: The broken plug has been extracted from the casing. The fracturing tube has been inserted and is waiting for the fracturing equipment to come on site Tuesday or Wednesday of this week. The well was produced for a short time to clean out the tubing and it was noted the unfractured production rate was 40 bbl per hour or 960 bbl per day.
Update, September 26, 2010: see comments below -- we get the rest of the story for the Raphael Stroh well: "Sept 26, 2010. This well has not been completed yet. A casing plug broke off in the casing as they were going to start the fracturing process. A workover rig needs to be brought in to remove the plug and fracture the formation. The twin well to it on the dual pad going 2 miles north underground had an IP of 2,500 BBL and 1,000,000 cu ft gas per day."
The twin well on that pad would be the Kenneth Stroh well.
Click here to see the background to this story regarding the "Stroh" wells.
Update, October 31, 2010: Great news! Happy Halloween! See comments below. I've been sent an update on the Raphael Stroh well: The broken plug has been extracted from the casing. The fracturing tube has been inserted and is waiting for the fracturing equipment to come on site Tuesday or Wednesday of this week. The well was produced for a short time to clean out the tubing and it was noted the unfractured production rate was 40 bbl per hour or 960 bbl per day.
Update, September 26, 2010: see comments below -- we get the rest of the story for the Raphael Stroh well: "Sept 26, 2010. This well has not been completed yet. A casing plug broke off in the casing as they were going to start the fracturing process. A workover rig needs to be brought in to remove the plug and fracture the formation. The twin well to it on the dual pad going 2 miles north underground had an IP of 2,500 BBL and 1,000,000 cu ft gas per day."
The twin well on that pad would be the Kenneth Stroh well.
Oasis Reports a Nice Wildcat North of Williston: Sandaker 5602
Oasis Petroleum North America, LLC, is reporting a nice well north of Williston:
The confidential wells to the west are:
I can't remember the hundreds of times I would have driven this area north of Williston when I had my 1948 Willys Jeep in high school. I remember seeing oil wells around Tioga but never, never saw any oil activity in this part of the country. And now, it looks like BEXP and Oasis are going to open up a whole new area of activity. This just really gets me excited.
- 18418, 1,228, Oasis, Sandaker 5602 11-13H, Wildcat, 13-156-102, north of Williston, Bakken
The confidential wells to the west are:
- 19131, Oasis, Somerset 5602 12-17H, Bull Butte field
- 19412, BEXP, Kalil Farms 14-23 1-H, Bull Butte field
- 19091, Oasis, Horne 5603 44-9H, Bull Butte field
I can't remember the hundreds of times I would have driven this area north of Williston when I had my 1948 Willys Jeep in high school. I remember seeing oil wells around Tioga but never, never saw any oil activity in this part of the country. And now, it looks like BEXP and Oasis are going to open up a whole new area of activity. This just really gets me excited.
First-Time Unemployment Claims Increase; Breaks A 5-Week Streak
Just two days ago, I wrote about the unemployment picture getting worse.
Today it was reported that first-time unemployment claims increased last week for the first time in five weeks.
Today it was reported that first-time unemployment claims increased last week for the first time in five weeks.
Initial claims for jobless aid rose by 12,000 to a seasonally adjusted 465,000, the Labor Department said Thursday. Many economists had expected a flat reading or small drop.As usual, the standard line: the numbers surprised the analysts.
Initial claims for jobless aid rose by 12,000 to a seasonally adjusted 465,000, the Labor Department said Thursday. Many economists had expected a flat reading or small drop.As Warren Buffett said this past week: we are still in a recession.
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