Several Wells Coming Off Confidential List Early In The Week -- June 11, 2017

Tuesday, June 13, 2017

• 32210, 1,060, Oasis, Rolfson S 5198, 43-20 10T, Siverston, Three Forks 1st bench, 50 stages, 4.1 million lbs, t12/16; cum 105K 4/17;

I follow the Rolfson S wells here. See also this post with graphics.

Monday, June 12, 2017

• 28728, see below, EOG, Parshall 28-2928H, Parshall, FracFocus, fracked 11/16; small frack, 4,392,665 million gallons of water; 14% sand by mass;
• 29300, 804, EOG, Parshall 98-33H, Parshall, 21 stages; 6.1 million lbs, t12/16; cum 46K 4/17; (#17621 -- no jump in production; slight jump in production back in 5/15)
• 31890, 2,275, HRC, Fort Berthold 152-94-22D-15-11H, Antelope, 4 sections, 33 stages; 9.9 million lbs, t12/16; cum 121K 4/17; (#20567 - no jump in production)
• 31986, SI/NC, Petro-Hunt, Kostelnak 145-97-32D-29-5H, Little Knife, no production data,

Sunday, June 11, 2017

• 25958, SI/NC, Statoil, Mark 4-9F-3H, Williston, no production data,

Saturday, June 10, 2017

• 28726, 1,054, EOG, Parshall 29-2928H, Parshall, 31 stages, 6.5 million lbs, t12/16; cum 31K 4/17;
• 28727, 374, EOG, Parshall 85-2928H, Parshall, 25 stages; 5.5 million lbs; t12/16; cum 37K 4/17; (#17933 -- jump in production; #17294 -- small jump in production 3/15, but not 12/16)

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28727, see above, EOG, Parshall 85-2928H, Parshall:

Date	Oil Runs	MCF Sold
4-2017	8897	4115
3-2017	2499	1073
2-2017	5928	3951
1-2017	8551	2271
12-2016	4510	4238

28726, see above, EOG, Parshall 29-2928H, Parshall:

Date	Oil Runs	MCF Sold
4-2017	10086	10215
3-2017	4492	2745
2-2017	5789	2310
1-2017	10732	3584
12-2016	5536	2888

31890, see above, HRC, Fort Berthold 152-94-22D-15-11H, Antelope:

Date	Oil Runs	MCF Sold
4-2017	17749	19619
3-2017	21723	20675
2-2017	25959	29940
1-2017	33176	15314
12-2016	21664	3034

29300, see above, EOG, Parshall 98-33H, Parshall:

Date	Oil Runs	MCF Sold
4-2017	9810	6844
3-2017	8945	5866
2-2017	7633	1108
1-2017	12310	3164
12-2016	7235	1168

 28728, see above, EOG, Parshall 28-2928H, Parshall:

Date	Oil Runs	MCF Sold
4-2017	3441	3395
3-2017	3738	1825
2-2017	7536	5352
1-2017	14182	3975
12-2016	12236	4284

32210, see above, Oasis, Rolfson S 5198, 43-20 10T, Siverston:

Date	Oil Runs	MCF Sold
4-2017	20088	45625
3-2017	19795	39182
2-2017	23842	48251
1-2017	23610	41111
12-2016	17227	19061

New Nominee For The 2017 Geico Rock Award -- June 11, 2017

This was the original post (at this link): http://themilliondollarway.blogspot.com/2017/06/so-much-could-be-written-june-9-2017.html.

It was brought to my attention that Clifford Kraus, NY Times, needs to be nominated for the 2017 Geico Rock Award for being unaware why gasoline prices are so low this summer. From the linked post above:

The writer actually wrote this:

But whatever lies behind the dividend at the pump, drivers are happy to have it.

"Whatever lies behind" low prices? Wow. Shallow reporting at the NY Times. 

Cliff will be added to the list of 2017 nominees. This, by the way, is probably the perfect example of what the "Geico Rock Award" is all about.

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Lazy Days Of Summer

Sophia

Road To California -- June 11, 2017

This is such an incredibly amazing story coming out of California regarding electricity, I'm just going to post the link; maybe come back to it later.

Here's the link: a Central Valley power plant may close as the state pushed new building at customers' expense.

This was absolutely predicted: we called it "the road to Germany."

This story, of course, naturally requires an update of Ivanpah. From Bloomberg. California now says Ivanpah meets "emissions standards" and can continue operating. If you read between the lines, it is easy to see that lawyers and regulators for both sides (the state vs Ivanpah) saw across the table, did some fancy calculations and projections, and came to some sort of agreement. It pretty much means this experiment is not likely to be tried again if Californians have any sense.

Breitbart has another view.

The California Air Resources Board’s most recent analysis reportedly found that during Ivanpah’s second year of operation, carbon emissions from gas, used to focus Ivanpah’s mirrors at night, jumped by 48.4 percent, to 68,676 metric tons.

The joint venture between BrightSource Energy, NRG, Google and Bechtel was approved by the Obama administration as its biggest alternative-energy project on public lands. The project also received $1.6 billion in taxpayer loan guarantees, and $600 million in federal tax credits, to reduce carbon emissions by 400,000 tons of carbon-dioxide emissions per year.

But carbon emissions data from the U.S. Energy Information Administration demonstrats that natural gas consumption at Ivanpah increased by about 7 percent in the first three quarters of 2016, compared to the prior year.

WSJ: Before "Repeal And Replace," Kentucky Is Already Dismantling ObamaCare -- June 11, 2017

From The Wall Street Journal:

As Congress works to repeal President Barack Obama’s signature health law, Kentucky Republican Gov. Matt Bevin is already at work unwinding some of its provisions in his state.

Mr. Bevin has dismantled the state’s health-insurance exchange, moving patients to the federal website last year. He has proposed introducing new conditions for recipients of Medicaid, the federal-state health program for the poor, that would require patients to pay premiums of up to $15 a month and perform employment-related or community-service activities, among other provisions.

His administration is waiting for the federal Centers for Medicare and Medicaid Services to decide whether to approve the plan. The agency’s new head, Seema Verma, helped craft Kentucky’s proposal, but said she would recuse herself from the decision-making process.

Better or worse, I've always maintained health care was better handled by the states than the federal government.

All politics is local. US Senate may be doing the right thing by being very careful in acting.

WSJ With Update On The Bakken -- June 11, 1027

This is the third such story I've seen in the couple of weeks; this one in The Wall Street Journal today:

Beyond the Bust: North Dakota drilling region rebounds in a sign the U.S. oil recovery is spreading.

Dateline, Watford City:

Radio stations here are again running ads from oil-field companies seeking drivers and mechanics. A store is serving up an alligator-and-crawfish lunch to welcome workers from the Gulf Coast. New rigs are rising across the sprawling prairie.

Drillers are inching back to action in North Dakota’s Bakken shale region, a sign the recovery of the American oil and gas sector is spreading beyond the Texas and Oklahoma fields, where production is cheaper because there is more oil that is easier to tap.

The revival after a nearly three-year bust is welcomed by local industry leaders, officials and merchants, who are grateful to see new signs of life in places such as Watford City, a community of about 6,400 people that was booming just a few years ago. The area is expected to get a boost from the June 1 start-up of the Dakota Access Pipeline, another conduit for oil out of the region. But some are concerned that too much too soon could send oil prices plunging once again.

Again, there is much focus on the number of rigs, but for me that only indicates "activity" and there is so much more to the story in 2017 than simply "rig counts."