Friday, January 26, 2018: 61 wells for the quarter; 61 wells for the year
33653, SI/NC, Hess, GO-Vinger-156-98-2116H-5, Wheelock, no production data,
32356, 1,054, CLR, Hereford Federal 4-20H2, Elm Tree, Three Forks (2), 28 stages; 6.9 million lbs, mesh, large, small, t9/17; cum 75K 11/17; Hereford Federal wells are tracked here;
31490, SI/NC, Petro-Hunt, USA 153-95-1A-7-3H, Charlson, no production data,
Thursday, January 25, 2018: 58wells for the quarter; 58 wells for the year
33724, 686, Newfield, Anderson State 152-96-16-21-20H, Westberg, Three Forks, 52 stages, 7.5 million lbs, t11/17; cum 5K over 16 days;
33678, SI/NC, Zavanna, Hanson 28-33 5H, Stockyard Creek, no production data,
33654, SI/NC, Hess, GO-Vinger-156-98-2116H-4, Wheelock, no production data,
33141, SI/NC, Petro-Hunt, Thompson 153-95-8C-6-4H, Charlson, no production data,
31642, 1,368, Oasis, Lawlar N 5199 43-23 9B, North Tobacco Garden; a very nice well; 66K in first three months; 50 stages; 30 million lbs proppant including 3 million lbs of expense ceramic; t10/17; 66K 11/17;
31471, SI/NC, Crescent Point, CPEUSC Makowsky 4-31-30-158N-99W, Ellisville, no production data;
31319, SI/NC, BR, Midnight Run 4-8-12MTFH, Union Center, no production data,
Wednesday, January 24, 2018: 51wells for the quarter; 51 wells for the year
33721, 1,934, Newfield, Anderson 152-96-9-4-4HLW, Keene, 4 sections, Bakken/Three Forks, 62 stages; 7.6 million lbs, t11/17; cum 9K after first 6 days;
33655, SI/NC, Hess, GO-Vinger-156-98-2116H-3, Wheelock, no production data,
31318, SI/NC, BR, Midnight Run 3-8-12MBH, Union Center, no production data,
Tuesday, January 23, 2018: 48 wells for the quarter; 48 wells for the year
33722, 1,418, Newfield, Anderson State 152-96-16-21-6HLW, Clear Creek, 62 stages; 7.6 million lbs, t11/17; cum 12K over first 9 days;
33656, SI/NC, Hess, GO-Vinger-156-09-2116H-2, Wheelock, no production data,
33087, drl, St Croix Operating, Northern Border #1, North Haas, no production data,
32349, 1,168, CLR, Hereford Federal 9-20H, Elm Tree, 86 stages; 14.3 million lbs, in excess of 100K in first four months of full production; t8/17; cum 116K 11/17; no production first three months of production;
31640, 1,042, Oasis, Lawlar N 5199 43-23 8T, North Tobacco Garden, Three Forks B1, 50 stages; 10.1 million lbs; t8/17; cum 96K 11/17;
31317, SI/NC, BR, Midnight Run 2-8-12MTFH, Union Center, no production data,
30239, 2,728, CLR, Bud 4-30H, Crazy Man Creek, 58 stages; 9.4 million lbs, t9/17; cum 79K 11/17;
30238, 1,439, CLR, Alfsvaag -31H1, Crazy Man Creek, Three Forks 1, 68 stages; 10.6 million lbs, t9/17; cum 65K 11/17;
30053, 257, Lime Rock Resources, Elroy Kadrmas 6-3-10H-143-96, Fayette, 40 stages; 5.8 million lbs, t7/17; cum 44K 11/17;
Monday, January 22, 2018: 39 wells for the quarter; 39 wells for the year
33723, conf, Newfield, Anderson Federal 152-96-9-4-20H, Westberg, producing; 12K first month;
33679, SI/NC, Zavanna, Hanson 28-33 4TFH, Stockyard Creek, no production data;
Sunday, January 21, 2018: 37 wells for the quarter; 37 wells for the year
None.
Saturday, January 20, 2018: 37 wells for the quarter; 37 wells for the year
33601, 1,800, Hess, AN-Lone Tree-152-95-1207H-3, Antelope, Sanish pool, 60 stages, 4.2 million lbs, t12/17; cum --
32350, 213,
CLR, Hereford Federal 7-20H, Elm Tree, producing; not particularly
remarkable for a CLR Elm Tree well; one wonders if it was a failed
frack; t8/17; cum 20K 11/17; yup, a failed frac; liner issues that led to suspension of fracking operations; 17 stages; 3.1 million lbs;
23035, SI/NC, Statoil, Jennifer 26-35 2TFH, East Fork, no production data;
Sunday, January 21, 2018
Filloon Updates Chevron Completions -- January 21, 2018
In the article linked below, the most important thing that jumps out at me:
Over at Seeking Alpha.
Operator production improvements have occurred consistently since 2014. This is when operators began to focus in better fracturing near the well bore.This tells me exactly what I've thought all along; 500-ft radially from the wellbore is probably the max efficiency for fracking which means increased density of wells in any given drilling unit.
Over at Seeking Alpha.
Well design is driving oil production gains for US E&Ps. Oil prices have improved as world inventories decrease. Improved well design is lowering breakevens, and economic improvements should continue in 2018. Better source rock stimulation has increased oil production per foot. We have not seen this leveling out, which seems to support the hypothesis of further improvements going forward. This may lead to increased US production, but higher prices will be needed to stimulate meaningful growth. Increased production could place a ceiling on oil prices. We think demand will more than offset US production in 2018.
Chevron has a relatively large acreage positions in the Permian. This is important as the Midland and Delaware Wolfcamp will fill much of the supply decreases from current world oil legacy projects.
The Bakken and Eagle Ford will also be involved, but West Texas is currently the best place to be. We pulled 116 horizontal completions done in 2016 and later. 53 laterals were 6,000 feet or less. The graph below plots oil production over the life of each well. Locations that have been online over a shorter period of time are producing much better.
CVX is at the lower end of production improvements when compared to other operators in the Permian. CVX has used more one mile laterals. Production improvements based on feet, have CVX closer to the average.
CVX should do very well in 2018. Operator production improvements have occurred consistently since 2014. This is when operators began to focus in better fracturing near the well bore. It is a change from longer laterals (more feet), to better stimulation (focus on more oil per foot).
The Daily Note
The 2 Days of The Schumer Shut Down
Days 1 - 2 -- this page
The Last 65 Days Of His First Term
Days 1 - 2 -- this page
The Last 65 Days Of His First Term
The Third 30 Days + 10 (261 - 300)
The Second 30 Days (Days 231 - 260)
The First 30 Days (Days 201 - 230)
The Trump Presidency (101 - 200)
The Second 100 Days
The Third 30 Days + 10 (161 - 200)
The Second 30 Days (Days 131 - 160)
The First 30 Days (Days 101 - 130)
The Trump Presidency (1 - 100)
The First 100 Days
The Third 30 days + 10
The Second 30 Days (Days 231 - 260)
The First 30 Days (Days 201 - 230)
The Trump Presidency (101 - 200)
The Second 100 Days
The Third 30 Days + 10 (161 - 200)
The Second 30 Days (Days 131 - 160)
The First 30 Days (Days 101 - 130)
The Trump Presidency (1 - 100)
The First 100 Days
The Third 30 days + 10
January 22, 2018, T+2: second full day of government shutdown passes without incident. Heidi Heitkamp one of four Democratic senators to break ranks with Chuck Schumer on the Schumer Shutdown. She must be reading the ND polls. [Update: wow, that was fast. Congress votes to fund government. Shutdown did not even last one full business day; lasted less than 72 hours, altogether.]
January 21, 2018, T+1: first full day of the government shutdown, as of midnight, ten hours ago. Top story at CBS News, Sunday morning edition: university snowflakes.
It's Morning In America; The Government Is Shut Down (LOL) And Congressmen Are Getting $200,000/Year Simply For Getting Out Of Bed; The President Not Impeached Yet, The Political Page, T+365 -- January 21, 2018
Morning in America., snow cover on all 50 states reported a few days ago.
President Trump has now been in office a full 365 days. I wasn't sure Hillary was going to let him get sworn in; surely Bill's army had a way of stopping that from happening. But it did not. Truly amazing.
On the other hand, Germany's the real western country that has disappointed its citizens. But I digress.
Time to take a look back. First, my favorite:
Then, this from The Daily Beast: Obama mocked Trump's political ambitions. Trump spent his first year dismantling Obama's legacy. I didn't read the article, just the headline. I wonder how ObamaCare will be seen five years from now. My hunch: ObamaCare, the New Coke, and the Edsel will all have a chapter of their own in some new book looking at ... well, looking at something. Tesla could certainly join the list.
Speaking of which, speaking of Tesla, my hunch: GM will crush Tesla. In the local area I see a handful of Teslas -- this is a very, very high-end community in north Texas -- but once I get a bit east of the immediate area I start to see a few Chevrolet Bolts. In Grapevine, Classic Chevrolet bills itself as the largest Chevrolet dealer in the US. I don't know if that's true. I do know they sell a lot of Corvettes to American pilots. So, on revenue, they may the biggest; on volume, hard to say. But GM, as well as Ford, is going to have a ton of EVs to select from by this time next year, and we will still be watching pathetic numbers being reported by Tesla.
By the way, "ObamaCare" in Canada? The waiting time to see a neurologist when referred by a family practice physician is now 4.5 years. Mark Perry has a copy of an incredible referral reply.
Time for President Trump to get ahead of this thing.
He needs to go positive. He needs to make it so painful that Congress (either party) will never want to "shut down" the government again.
1. He needs to start signing executive orders again.
2. First executive order: to fully pay active duty military and border law enforcement. (Yes, I know he doesn't have the authority to do this unilaterally, but there are ways to write executive orders -- as an example, in fact, DACA was never a law, much less an executive order. DACA started out as a speech and reached its zenith as a memo from the President. Watch the 9th Circuit Court and the Dems protest about paying the military. I remember George Washington had the same problem with pay for his troops; I wasn't there but I read the history books.)
3. Second executive order: to announce that Social Security checks will go out in full and on schedule. (That, of course, already happens, but Nancy Pelosi does not know that.)
4. Third, direct the US Postal Service to maintain full operations. (The US Postal Service, not even part of the US government any more, is not affected by the shut down, but there are still folks who think it is.)
5. Fourth, direct NASA to monitor incoming meteors.
6. Fifth, direct Scott Pruitt to transfer more money from EPA to the military.
7. Sixth, declare all national parks, museums, and monuments temporary consulates. A consulate is a representative of a government to another, and there can be many of these per country. In this case, the new consulates would be there for disaffected Americans and sovereign native Americans. Open the Smithsonian and all other national museums and monuments. The gift shops and the restaurants don't have to be open, but open the doors to the museums and monument grounds and have a few US Marines stand watch, as they do at embassies. Don't say it can't be done; President Trump moved the US embassy in Israel to Jerusalem with an executive order. Remind folks that his White House is open to the public, even as the former president used the shutdown as an "excuse" to close the White House to the public, which he never re-opened except by appointment.
8. Seventh, order HHS to ensure that health care insurance for children is not interrupted.
9. Eighth, send a letter to Congress that a funding bill to "back pay" furloughed government workers will not be signed if there is anything other than funding a) the government; and, b) the wall in the bill re-opening government. That will set the phones ringing off the walls of Congress.
Even as she says Trump can't keep from thinking about Hillary, Gail Collins can't get past the facts that a) Hillary lost the election (that was over a year ago; and, b) Hillary probably lost because she forgot that Wisconsin was a state, also. Priceless.
Glad you asked.
President Trump has now been in office a full 365 days. I wasn't sure Hillary was going to let him get sworn in; surely Bill's army had a way of stopping that from happening. But it did not. Truly amazing.
On the other hand, Germany's the real western country that has disappointed its citizens. But I digress.
Time to take a look back. First, my favorite:
Then, this from The Daily Beast: Obama mocked Trump's political ambitions. Trump spent his first year dismantling Obama's legacy. I didn't read the article, just the headline. I wonder how ObamaCare will be seen five years from now. My hunch: ObamaCare, the New Coke, and the Edsel will all have a chapter of their own in some new book looking at ... well, looking at something. Tesla could certainly join the list.
Speaking of which, speaking of Tesla, my hunch: GM will crush Tesla. In the local area I see a handful of Teslas -- this is a very, very high-end community in north Texas -- but once I get a bit east of the immediate area I start to see a few Chevrolet Bolts. In Grapevine, Classic Chevrolet bills itself as the largest Chevrolet dealer in the US. I don't know if that's true. I do know they sell a lot of Corvettes to American pilots. So, on revenue, they may the biggest; on volume, hard to say. But GM, as well as Ford, is going to have a ton of EVs to select from by this time next year, and we will still be watching pathetic numbers being reported by Tesla.
By the way, "ObamaCare" in Canada? The waiting time to see a neurologist when referred by a family practice physician is now 4.5 years. Mark Perry has a copy of an incredible referral reply.
***************************
Government Shutdown
Government Shutdown
Time for President Trump to get ahead of this thing.
He needs to go positive. He needs to make it so painful that Congress (either party) will never want to "shut down" the government again.
1. He needs to start signing executive orders again.
2. First executive order: to fully pay active duty military and border law enforcement. (Yes, I know he doesn't have the authority to do this unilaterally, but there are ways to write executive orders -- as an example, in fact, DACA was never a law, much less an executive order. DACA started out as a speech and reached its zenith as a memo from the President. Watch the 9th Circuit Court and the Dems protest about paying the military. I remember George Washington had the same problem with pay for his troops; I wasn't there but I read the history books.)
3. Second executive order: to announce that Social Security checks will go out in full and on schedule. (That, of course, already happens, but Nancy Pelosi does not know that.)
4. Third, direct the US Postal Service to maintain full operations. (The US Postal Service, not even part of the US government any more, is not affected by the shut down, but there are still folks who think it is.)
5. Fourth, direct NASA to monitor incoming meteors.
6. Fifth, direct Scott Pruitt to transfer more money from EPA to the military.
7. Sixth, declare all national parks, museums, and monuments temporary consulates. A consulate is a representative of a government to another, and there can be many of these per country. In this case, the new consulates would be there for disaffected Americans and sovereign native Americans. Open the Smithsonian and all other national museums and monuments. The gift shops and the restaurants don't have to be open, but open the doors to the museums and monument grounds and have a few US Marines stand watch, as they do at embassies. Don't say it can't be done; President Trump moved the US embassy in Israel to Jerusalem with an executive order. Remind folks that his White House is open to the public, even as the former president used the shutdown as an "excuse" to close the White House to the public, which he never re-opened except by appointment.
8. Seventh, order HHS to ensure that health care insurance for children is not interrupted.
9. Eighth, send a letter to Congress that a funding bill to "back pay" furloughed government workers will not be signed if there is anything other than funding a) the government; and, b) the wall in the bill re-opening government. That will set the phones ringing off the walls of Congress.
***********************
Priceless
Even as she says Trump can't keep from thinking about Hillary, Gail Collins can't get past the facts that a) Hillary lost the election (that was over a year ago; and, b) Hillary probably lost because she forgot that Wisconsin was a state, also. Priceless.
*********************************
By The Way, How's The Blog Doing?
Glad you asked.
Only Six Months Ago, Goldman Sachs Warned Of $40 Oil -- January 21, 2018
Perhaps they were just a bit early in their prognostication. As oil trends higher, Russia and Saudi Arabia are likely to throw caution to the wind and start producing again.
Having said that, more and more talk of oil trending higher, and at least one trader is making "what-if" plans for $100 oil. No link; saw the story last night; did not meet the blog's criteria for linking. LOL.
I have a free day -- at least until 2:00 p.m. Everyone is at a soccer tournament; they left at 6:20 a.m. this morning to drive clear across Texas for another tournament. Never seems to quit. Actually, it's only an hour away. Our granddaughter's team should make the finals, and right now it is projected they will be seeded #1 in their bracket, and could end up facing the #2 team in Texas for their age group.
Soccer. This is the "06" team that she has been with for several years. It is composed of girls born in calendar year 2006. She is the youngest, born in 2007, and allowed to be on the "06" team by some loophole that I don't understand. But she is the youngest. Three nights ago during practice her coach told her she was the best player on the field that night -- and then he noted she was the youngest, by 18 months in some cases.
After their first game in this tournament, which they won, the coach told her she was NOT the best player on the team during that game. Tough love. LOL.
I'm having a blast. It started last night. And will continue through the day. No grandparenting responsibilities, and another NFL-free Sunday. Amazing how much free time that creates.
Movies: I watched Tinker, Tailor, Soldier, Spy for the umpteenth time. It's a standard DVD so it plays in the Apple computer DVD drive. Interestingly, not one Apple product will play Blu-Ray and that will never change. Early on, it was believed that Steve Jobs made that decision because of licensing rights -- he didn't want to pay the royalty that would ensue if he added Blu-Ray capability to his products. Since then it has evolved to the rationale that a) he wants to keep the desktop monitor-computers as thin as possible; and, b) streaming is the future, not moving parts that DVSs entail.
The good news: almost every Blu-Ray DVD I order these days -- very, very few, by the way -- come with all three: a) conventional DVD that plays on Apple products; b) Blu Ray; and, c) streaming (inside the case there is a code that one uses to download the movie directly). But all agree that streaming is not a robust as Blu-Ray.
The whole story is interesting because at one time Apple was a proponent of Blu-Ray and Microsoft was going the HD-DVD route. Blu Ray won out. I had a blog on that years ago. This was one such post.
Books: I added this book to my nightstand last night -- The Man Who Made the Movies: The Meteoric Rise and Tragic Fall of Williams Fox, Vanda Krefft, c. 2017. I skimmed through the book at Barnes and Noble -- came across it completely by accident. It met all my criteria for buying the book. Having said that, what sold me on it was the description of the "gilded age." It's one thing to read the wiki entry but it's another thing to read so much about this period in US history by such a great writer.
Goldman Sachs is mentioned on page 3 of the book and was the principal banker standing in the way of William Fox's plans to buy Warner Bros. Whether the deal would go through or not depended on the US Attorney General. That was back in 1929. Here it is, 2018, and nothing has changed. LOL.
Having said that, more and more talk of oil trending higher, and at least one trader is making "what-if" plans for $100 oil. No link; saw the story last night; did not meet the blog's criteria for linking. LOL.
***************************
Idle Chatter -- Nothing About The Bakken
I have a free day -- at least until 2:00 p.m. Everyone is at a soccer tournament; they left at 6:20 a.m. this morning to drive clear across Texas for another tournament. Never seems to quit. Actually, it's only an hour away. Our granddaughter's team should make the finals, and right now it is projected they will be seeded #1 in their bracket, and could end up facing the #2 team in Texas for their age group.
Soccer. This is the "06" team that she has been with for several years. It is composed of girls born in calendar year 2006. She is the youngest, born in 2007, and allowed to be on the "06" team by some loophole that I don't understand. But she is the youngest. Three nights ago during practice her coach told her she was the best player on the field that night -- and then he noted she was the youngest, by 18 months in some cases.
After their first game in this tournament, which they won, the coach told her she was NOT the best player on the team during that game. Tough love. LOL.
I'm having a blast. It started last night. And will continue through the day. No grandparenting responsibilities, and another NFL-free Sunday. Amazing how much free time that creates.
Movies: I watched Tinker, Tailor, Soldier, Spy for the umpteenth time. It's a standard DVD so it plays in the Apple computer DVD drive. Interestingly, not one Apple product will play Blu-Ray and that will never change. Early on, it was believed that Steve Jobs made that decision because of licensing rights -- he didn't want to pay the royalty that would ensue if he added Blu-Ray capability to his products. Since then it has evolved to the rationale that a) he wants to keep the desktop monitor-computers as thin as possible; and, b) streaming is the future, not moving parts that DVSs entail.
The good news: almost every Blu-Ray DVD I order these days -- very, very few, by the way -- come with all three: a) conventional DVD that plays on Apple products; b) Blu Ray; and, c) streaming (inside the case there is a code that one uses to download the movie directly). But all agree that streaming is not a robust as Blu-Ray.
The whole story is interesting because at one time Apple was a proponent of Blu-Ray and Microsoft was going the HD-DVD route. Blu Ray won out. I had a blog on that years ago. This was one such post.
Books: I added this book to my nightstand last night -- The Man Who Made the Movies: The Meteoric Rise and Tragic Fall of Williams Fox, Vanda Krefft, c. 2017. I skimmed through the book at Barnes and Noble -- came across it completely by accident. It met all my criteria for buying the book. Having said that, what sold me on it was the description of the "gilded age." It's one thing to read the wiki entry but it's another thing to read so much about this period in US history by such a great writer.
Goldman Sachs is mentioned on page 3 of the book and was the principal banker standing in the way of William Fox's plans to buy Warner Bros. Whether the deal would go through or not depended on the US Attorney General. That was back in 1929. Here it is, 2018, and nothing has changed. LOL.
- the biography itself: 755 pages
- notes: 127 pages
- bibliography: 11 pages
- index: 25 pages
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