Tuesday, May 8, 2018

Random Look At Several "50K+ Wells" -- WPX, Mandaree, Spotted Horn -- May 8, 2018

"50K+ wells: at least 50,000 bbls of oil produced in one month.

The well:
  • 33320, 2,903, WPX, Mandaree South 25-36HC, Spotted Horn, t10/17; cum 268K 10/18;
Production
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-201831373173729618878354152093410216
BAKKEN2-20182622735226931325521575115157491
BAKKEN1-20183129377294251385230071267680
BAKKEN12-20173137365373782256435459268114494
BAKKEN11-201730672556768045461638831106345464
BAKKEN10-20171116271156611604315441289610758
BAKKEN9-20170000000

The graphic:


Other wells in the graphic above (*** -- several of these wells produced in excess of 50,000 bbls -- some produced nearly 60,000 bbls -- of oil in one month):

19603, 332, WPX, Mandaree 30-31H, Reunion Bay, t5/11; cum 542K 10/18; ***
28874, 367, WPX, Mandaree 30-31HW, Reunion Bay, t1/15; cum 180K 10/18;
28875, 1,138, WPX, Mandaree 30-31HA, Reunion Bay, t11/14; cum 363K 10/18;
28981, 1,642, WPX, Mandaree 24-13HZ, Spotted Horn, t9/15; cum 276K 10/18;
28982, 823, WPX, Mandaree 24-13 HZ2, Spotted Horn, t9/15; cum 362K 10/18;
28983, 2,222, WPX, Mandaree 24-13HD, Spotted Horn, t9/15; cum 689K 10/18; ***
28984, 1,849, WPX, Mandaree 24-13HY, Spotted Horn, t9/15; cum 293K 10/18;

33320, see above,
33321, 2,615, WPX, Mandaree South 25-36HT, Spotted Horn, t11/17; cum 265K 10/18; ***
33322, 2,703, WPX, Mandaree South 25-36HD, Spotted Horn, t11/17; cum 250K 10/18;***
33323, 2,724, WPX, Mandaree South 25-36HZ, Spotted Horn, t11/17; cum 372K 10/18; ***

33822, 1,569, WPX, Mandaree South 24-13HI, Spotted Horn, t5/18; cum 127K 10/18;
33823, 1,778, WPX, Mandaree South 19-18HQL, Spotted Horn, t5/18; cum 178K 10/18;
33824, 2,434, WPX, Mandaree South 19-18HA, Spotted Horn, t5/18; cum 201K 10/18;
33825, 2,486, WPX, Mandaree South 30-31HEL, Spotted Horn, t5/18; cum 175K 10/18;
33826, 2,264, WPX, Mandaree South 30-31HQ, Spotted Horn, t5/18; cum 112K 10/18;

Enerplus WIth Some Great "Snake" Wells -- May 8, 2018

For an earlier look at these wells, see these posts:
Can't remember if I've posted this one before. Nice for newbies. The well:
  • 32830, 1,983, Enerplus, Smooth Green 152-94-18A-19H, Antelope, Sanish pool, 35 stages; 16.9 million lbs, mesh, small, t9/17; cum 295K 3/18;
Monthly Production Data
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH3-20182930477304083570442538410430
SANISH2-20181010251103962627415492150640
SANISH1-20183159591593773374395397937730
SANISH12-20171836086365201239955585548470
SANISH11-20172960864609032650684380829850
SANISH10-201731728877298126829983977569822061
SANISH9-20172024478234911671833045032684

The graphic:


The wells:
  • 26988, 2,842, Enerplus, Bull 152-94-18B-19H-TF, Antelope, Sanish, t6/15; cum 470K 3/18;
  • 26989, 2,357, Enerplus, Rattle 152-94-18B-19H, Antelope-Sanish, t6/15; cum 361K 3/18;
  • 26990, 3,102, Enerplus, Hognose 152-94-18B-19H-TF, Antelope-Sanish, t4/14; cum 514K 3/18;
  • 26737, IA/3,374, ENerplus, Ribbon 152-94-18B-19H, Antelope-Sanish, 4/14; cum 608K 8/17; off-line as of 8/17;
  • 32849, 371, Enerplus, Redbelly 152-94-18A-19H-TF, Antelope-Sanish, t9/17; cum 135K 3/18;
  • 32832, 1,710, Enerplus, Garter 152-94-18A-19H, Antelope-Sanish, t9/17; cum 188K 3/18;
  • 32831, 1,275, Enerplus, Racer 152-94-18A-19H-TF, Antelope-Sanish, t9/17; cum 143K 3/18; 
  • 32830, see above;
**************************************
Random Look At Some Early Production Numbers

26737, early production:
SANISH4-2015301771418005475536195339510
SANISH3-2015251708917258403629289271750
SANISH2-2015262100920759474035182326400
SANISH1-201522112661155122831746214892986
SANISH12-2014184169882914392623410
SANISH11-2014302566025970645539772367836094
SANISH10-2014313217932299707551486051486
SANISH9-2014303355133297660053682053682
SANISH8-2014313980539850778763688063688
SANISH7-2014313708937022741322253022253
SANISH6-2014283110730020623618664018664
SANISH5-20143154002538621112132401032401
SANISH4-20142356416559093132533850033850

26990, early production:
SANISH1-2015181250112540208617515166110
SANISH12-201411507061321839684412994642
SANISH11-2014302281322932480730798327027528
SANISH10-2014313078231256611249251049251
SANISH9-2014302847627871463345562045562
SANISH8-2014313360033524549753760053760
SANISH7-2014313278833400537119673019673
SANISH6-2014272904227347499617425017425
SANISH5-20143053840542471084532304032304
SANISH4-20142250409496642818030245030245

WTI Back Over $70 -- May 8, 2018; Seven DUCs Reported As Completed; Five New Permits; Six Permits Renewed

Oilprice.com: "WTI crashes after Trump "tears up" Iran deal." Well, that didn't long! Back over $70. LOL. Link here.
After the much-awaited news regarding U.S. sanctions on Iran today, the American Petroleum Institute (API) reported a draw of 1.85 million barrels to the U.S. crude oil inventories for the week ending May 4, compared to analyst expectations that this week would see a smaller draw in crude oil inventories of 719,000 barrels. 
Last week, the American Petroleum Institute (API) reported a large build of 3.427 million barrels of crude oil. 
The API also reported a draw in gasoline inventories for week ending May 4, to the tune of 2.055 million barrels—a bigger draw than the 450,000-barrel draw that analysts had expected.

**********************************
Back to the Bakken
Where Fracking Is An 8-Letter Word

Active rigs:


5/8/201805/08/201705/08/201605/08/201505/08/2014
Active Rigs61492784191

Five new permits:
  • New permits: Newfield (4); Armstrong Operating
  • Fields: Haystack Butte (McKenzie); Wildcat (Renville County)
  • Comments: Newfield has permits for a 4-well Berg Federal pad in NENW 30-149-97
Six permits renewed:
  • BR: five Gladstone permits in McKenzie County; and one Catalina permit in Dunn County
Seven producing wells (DUCs) reported as completed:
  • 30965, 2,293, CLR, Uhlman Federal 2-7H1, Banks, t4/18; cum --
  • 31461, 177, Statoil, Shorty 4-9F 2TFH, Stony Creek, t2/18; cum --
  • 31443, 550, Statoil, Shorty 4-9F 3H, Stony Creek, t2/18; cum --
  • 31699, 133, Statoil, Shorty 4-9F 4TFH, t3/18; cum --
  • 31700, 398, Statoil, Shorty 4-9F 5H, t3/18; cum --
  • 31701, 254, Statoil, Shorty 4-9F 6TFH, t3/18; cum -- 
  • 31702, 357, Statoil, Shorty 4-9F 7H, t3/18; cum -- 
********************* 
From Yesterday's Daily Activity Report
May 7, 2018

Two new permits:
  • Operator: CLR
  • Field: Dimmick Lake (McKenzie)
  • Comments:
Fifteen permits renewed:
  • BR (8): six Abercrombie permits; one Abersom permit; and, one Aberlid permit, all in McKenzie County
  • Slawson (5): five Jore (Federal) permits in McKenzie County
  • BR: an Ole permit in McKenzie County
  • Crescent Point Energy: a Legacy Et Al Hansen Pager permit in Bottineau County
One permit canceled:
  • North Range Resources: a Placid permit in McKenzie County
Six DUCs reported as completed:
  • 31703, 112, Statoil, Shorty 4-9F 8TFH, Stony Creek, t3/18; cum --
  • 33054, 3,600, Whiting, Mallow 34-8H, Pembroke, t4/18; cum --
  • 33313, 1,460, Whiting, Nelson 14-8-1HU, East Fork, t4/18; cum --
  • 33317, 1,798, Anna 14-8-2H, East Fork, t4/18; cum --
  • 33318, 1,406, Anna 14-8-1TFH, East Fork, t4/18; cum --
  • 33319, 1,189,  Anna 14-8-1HU, East Fork, t4/18; cum --

Facts Don't Matter -- Scott Adams -- May 8, 2018

One has to remember that WTI has had an incredible "run" for the past several days.

From oilprice:


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

So, WTI goes from $70 to $69 and "we" call it a "crash." Okay.

And remember, the spot price of oil affects, like, no one I know.

Wall Street didn't get too excited one way or the other.

Wow, this gets tedious.

************************************
On A Brighter Note

From the WSJ today (?) -- sent to me by my wife:


Here's the link.

The Daily Note

May 31, 2018, T+21: President Trump slaps aluminum/steel tariffs on the EU, Mexico, and Canada.

May 30, 2018, T+20: President Trump is tweeting again about Attorney General Jeff Sessions. Could this be the cliffhanger for this year's series of "The Apprentice"?

May 29, 2018, T+19: EU is falling apart. Italy getting ready to "Brexit."

May 28, 2018, T+18: eighteen days since Trump tore up the Obama deal to go easy on Iran, and the Mideast is about the same as ever. At least one European government has said it will continue to import Iranian oil. Tells me all I need to know about Europe.

May 27, 2018, T+17: did Pelosi et al just get played? Tea leaves suggest Trump and Kim will still meet. Facts:
  • with or without the Trump-Kim summit, North Korea no longer has a viable nuclear program; their nuclear program was destroyed with the mountain collapse; they have no money, not enough time, not enough engineers to re-build their nuclear program ... ever
  • the nuclear program was to prevent an invasion of North Korea; that deterrent is now gone ... forever
  • Kim was "suing for peace"; he had lost the war; Kim is/was desperate to get anything in exchange for a piece of paper
  • Kim's gambit with China was big mistake; never thought Trump would really walk away; Kim was looking for June 12th summit to be a negotiating summit with Trump; Trump will only settle for a done deal by the time he gets there
  • Pelosi et al do not understand this
May 26, 2018, T+16: Kim Jong-Un appears to have realized his mistake. Says he still wants to meet with Trump.

May 25, 2018, T+15: Trump walks away from the June 12, 2018, summit with Kim Jong-Un. Pelosi crows.

May 23, 2018, T+15: Jared Kushner, Trump's son-in-law, finally has security clearance. NFL owners unanimously vote to ban "kneeling" on the field. One owner reported to have said he abstained. Gee, I wonder who that could have been.

May 22, 2018, T+14: with regard to the Trans Mountain Pipeline project, it appears the inmates are in charge of the insane asylum. 

May 21, 2018, T+13: all roads lead to Rome. All conspiracy dots lead to former CIA director John Brenna. Now we know why he was rabid. He is trying to stay out of jail. Planting a mole inside a legitimate political campaign. Not good.

May 20, 2018, T+12: US - China agree to "end trade war." Pre-market trading surges. Hillary spending the week at Harvard, re-living old times.

The Way We Were, Barbra Streisand


May 19, 2018, T+11: About the only thing standing in the way of a new market surge -- the trade war between the US and China.

May 18, 2018, T+10: North Korea threatens to pull out of the summit scheduled for June 12, 2018. This was reported a few days ago. This would be a great opportunity for Trump to call Kim Jong-Un's bluff and walk away from the summit. Trump can tell North Korea to let China solve its problems.

May 17, 2018, T+9: Mueller celebrates its one-year anniversary.

May 16, 2017, T+ 8: All kinds of "noise" from the mideast when the US embassy opened in Jerusalem. Today: quiet. Off the front pages. Another non-story. Apparently Jared and Ivanka got home safely.

May 15, 2018, T+7: 50 Hamas terrorists killed when they rushed the IDF. Well, duh.

May 14, 2018, T+6:



May 13, 2018, T+5: would metal detectors at public schools be "constitutional"? I don't know but this is interesting.

May 12, 2018, T+4:

May 11, 2018, T+3: Hillary "Tokyo Rose" Clinton apparently renounces US citizenship while in Australia on book-signing tour. Or maybe just sounds like she wants to renounce her US citizenship. Along with Nancy Pelosi, the gift that keeps on giving.

May 10, 2018, T+2: something to talk about. Timeline: some weeks ago, Germany's Merkel and France's Merkel came to the US to talk to President Trump about Iran; obviously, by the time they left, they would have known his position. Some days before Trump made his announcement, it was obvious Trump had made up his mind. During the 24 hours leading up to the announcement and on the day of the announcement, it was noted that SecState Pompeo was not alongside the president when the announcement was going to be made and when the announcement was made. The NYT called Pompeo AWOL for one of the most important announcements ever. In fact, Pompeo was in North Korea for at least two reasons: a) Pompeo successfully closed the deal on the release of three American prisoners and is accompanying them home to Washington, DC (they arrive "tonight" at 2:00 a.m.); and, to "finalize" the date and location of the summit between Kim Jong-Un and President Trump -- which I think is even more noteworthy and newsworthy than the Iran announcement. Fox News broke the story but the google app won't "take" links for Fox News.

May 9, 2018, T+1: first full day since President Trump walked away from the Iran deal hammered out by President Obama with $400 million in cash. This will give Rachel something to talk about. [By the way, "everyone" tells me the $400 million "belonged" to Iran; Obama was simply "unfreezing" it and sending it back to its rightful owners. That's why he did it secretly; sending the $400 million in cash in unmarked bills in a military (CIA?) C-130 transport plane, under cover of darkness, into Iran, without telling Congress. The money was delivered within the last 12 hours of his presidency, making it one of the very last acts Obama did as president. "No one" really knows who actually took possession of the $400 million.]

Something To Talk About, Bonnie Raitt
******************************
Fight's On: Trump Exits "The Iran Deal"
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