Eight (8) New Permits -- The Williston Basin, North Dakota, USA; Twenty-Three Producing Wells Completed (New Record?); Oasis And Newfield Each Report A Nice Well

Active rigs: 181

Eight (8) new permits --

• Operators: KOG (4), Whiting (3), BR
• Fields: East Fork (Williams), Fancy Buttes (McKenzie), Roosevelt (Billings)
• Comments:

Wells coming off the confidential list were posted earlier; see sidebar at the right.

This might be some kind of record. Normally six or less producing wells are completed. Today, there were 23 producing wells reported as completed:

• 24979, 2,982, BR, CCU Corral Creek 41-28TFH, Corral Creek, unitized; t10/13; cum --
• 23195, 2,232, Statoil, Hospital 31-36 3H, Alger, t10/13; cum --
• 23196, 1,478, Statoil, Hospital 31-36-6TFH, Alger, t10/13; cum --
• 23193, 3,171, Statoil, Hospital 31-35 5H, Alger, t10/13; cum -- 
• 23979, 2,852, Statoil, Rose 12-13 5TFH, Avoca, t10/13; cum --
• 23978, 3,810, Statoil, Rose 12-13 6H, Avoca, t10/13; cum --
• 22841, 2,627, Statoil, Rose 12-13 4TFH, Avoca, t10/13; cum--
• 22840, 3,107, Statoil, Rose 12-13-3, Avoca, t10/13; cum -- 
• 23997, 3,511, Statoil,Margaret 5-8 6H, Spring Creek, t10/13; cum --
• 23995, 3,462, Statoil, Margaret 5-8 4H, Spring Creek, t10/13; cum --
• 24455, 2,323, CLR, Hawkinson 13-22H, Oakdale, t10/13; cum --
• 24350, 445, CLR, Hawkinson 12-22H3, Oakdale, t9/13; cum --
• 24286, 323, CLR, Hawkinson 11-22H2, Oakdale, t10/13; cum --
• 24285, 922, CLR, Hawkinson 10-22H1, Oakdale, t10/13; cum --
• 24284, 203, CLR, Hawkinson 9-22H3, Oakdale, t10/13; cum --
• 24283, 504, CLR, Hawkinson 8-22H, Oakdale, t11/13; cum --
• 24282, 175, CLR, Hawkinson 7-22H2, Oakdale, t10/13; cum --
• 24225, 809, CLR, Hawkinson 6-22H3, Oakdale, t10/13; cum --
• 24224, 681, CLR, Hawkinson 5-22H, Oakdale, t9/13; cum --
• 24456, 542, CLR, Hawkinson 14-22H2, Oakdale, t9/13; cum --
• 24766, 600, CLR, Vatne 3-25H, Hamlet, t9/13; cum 6K 9/13;
• 24767, 627, CLR, Rosenquist 3-24H, Hamlet, t10/13; cum 11K 9/13;
• 24470, 3,552, Statoil, Viking 16-15 3H, Poe, t9/13; cum --

Wells coming off the confidential list Friday:

• 23766, 1,940, Oasis, Ervin 5693 11-24T, Alger, t5/13; cum 52K 9/13;
• 23906, 1,883, Newfield, Johnsrud 150-98-6-7-2H, Siverston, t5/13; cum 40K 9/13;
• 24008, drl, Statoil, Jake 2-11 5TFH, Last Chance, no production data,
• 24681, 1,032, Oasis, Helmer 5604 13-13H, Bull Butte, t6/13; cum 12K 9/13;
• 25127, 226, Oasis Woll 6093 12-1T, Gros Ventre, t9/13; cum --
• 25205, drl, Hess, EN-Trinity-154-93-2833H-6, Robinson Lake, no production data, 

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23766, see above, Oasis, Ervin 5693 11-24T, Alger:

Date	Oil Runs	MCF Sold
9-2013	8702	4876
8-2013	10073	6443
7-2013	5783	2907
6-2013	9106	5575
5-2013	18174	9485

23906, see above, Newfield, Johnsrud 150-98-6-7-2H, Siverston:

Date	Oil Runs	MCF Sold
9-2013	10865	11726
8-2013	14299	0
7-2013	13938	0

Third Fire In Five Weeks -- The Tesla

This time the driver apparently "hit a tow hitch."

InsideEVs is reporting:

Having recently gone through two “fire incidents” after an accident in the past 5 weeks, a third fire Model S has caught fire under potentially a similar condition.

And while the first two fires happened after the Tesla plug-in sedan had taken some serious damage, this Model S looks to have suffered less damage before the occurrence – although we would stress patience in jumping to any conclusions before an official investigation report has been released.

Another great photo at the link. 

If hitting a tow hitch can cause a fire, one wonders if jumping a curb or similar event could cause a fire.

Off The Net For Awhile

Posting comments, replying to e-mail, etc., will be delayed.

Fade Into You, back in 1993 (?), and now they are back. Very pleasant.

Seasons of Your Day, New Album, Mazzy Star

I honestly forget how I stumbled on this, this morning. Normally this only happens after midnight, which I mention over at my "music site." [Warning: if you go to that site, do not open it unless you have a good, high-speed wi-fi connection; one runs the risk of crashing your website surfing experience.

Around The Horn

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here. 

After yesterday's huge day for earnings reports, let's see how the market is reacting in early morning trading.

30-second sound bite: 24 hours after the volatility of yesterday, things seemed to have settled down. One has to wonder with the emphasis on new completion techniques whether the oil service companies like SLB, WFT, HAL, BHI should be watched more closely. I am aware that WFT has its challenges.

***************************

KOG: this is a bit confusing. It looks like KOG may have traded at a new 52-week high today -- $12.40.

HK is also flat, but the bleeding stopped; actually green today.

Oasis is doing nicely, up another 1.3% but still off its high.

WLL is up about a percent, but off its high.

CLR is doing very nicely, up about 1.6%, and not that far off its recent high. ML has a "neutral" on this one following 3Q13 earnings. [Update, about 30 minutes later: wow, that ML recommendation killed CLR -- down $6.00 right now to about $110.]

CVX, COP, XOM: Of the three, only COP is in the red; interestingly, XOM has been climbing that wall of worry, and is now within shouting distance of reaching its recent high.

EOG is my favorite company at the moment. It is up 1% today, well off its recent high, providing an opportunity for some, I suppose.

CHK continues to bleed, but seems to be flattening out. Although below its recent high, it is well above what it had been earlier this year.

SD is flat; struggling. Fell quite a bit yesterday, if I remember correctly.

AMZGis absolutely flat today. 47 cents above its $2.00 entry price.

TPLM is down about the most of any that I follow; down about 0.6% at $10.00

UNP is in its trading range well below its 52-week high. Up today.

I don't follow BNSF (BRK) much any more; BRK follows the market in general.

ENB, EEP are both in a trading range, well below their highs.

SRE: flat today, but very nears it's recent high. No complaints from me.

TransCanada is in a trading range; has been for quite some time.

SLB: still trading near its 52-week high; up slightly today.

What The Success Of CLR's Hawkinson Unit Means: More Mega-Pads; Four Dedicated Rigs Drilling These Pads

From a Bank of America/Merrill Lynch report following CLR's 3Q13 earnings report:

With the successful initial performance at the Hawkinson Unit, CLR announced that
the first area of full development will be in the Antelope prospect area of McKenzie
and Williams counties. Over the next four to five years, it intends to drill 350 wells on
20 to 30 well pad locations. In 2014, it will have four dedicated rigs with plans to drill the Middle Bakken, TF1, TF2 and T3 on 1,320 ft interval spacing.

350/25 = 14 wells/pad. 

Click here to get an idea of what a 14-well pad will look like. 

This is the screenshot of the CLR Hawkinson graphic from CLR's November 6, 2013, earnings presentation.

Double-clicking on the graphic will open it in another window allowing the user to zoom in.