Wednesday, May 30, 2018

Nine New Permits; One DUC Reported As Completed -- May 30, 2018

Active rigs:

$68.145/30/201805/30/201705/30/201605/30/201505/30/2014
Active Rigs62502980188

Nine new permits:
  • Operators: Petro Harvester (6), Lime Rock Resources, Whiting, SlawsonFields: Portal (Burke County); Dimond (B
  • urke County); Stockyard Creek (Williams County); Big Bend (Mountrail)Comments: just like "old times" -- almost double-digit 
  • number of new permits; multiple operators; Tier 3 / Tier 4 locations?
One producing well (DUC) reported as completed:
  • 32125, SI/A, CLR, Burr Federal 1-26H1, Sanish, 4 sections,

Belated Happy Birthday! -- May 30, 2018

Wow, am I upset! A reader reminded me.

Happy birthday, Ms Peggy Lee, born May 26, 1920, in Jamestown, ND.

It's somewhat ironic and/or coincidental: on my recent trip to Williston, ND, Peggy Lee was featured fairly often on one of the music stations on Sirius XM. Perhaps because I was traveling on her birthday. I don't know.

Why Don't You Do Right? Peggy Lee

Stop The Press! Breaking News! That Maddow Surge? Steamrolled -- Forbes -- May 30, 2018

From Forbes: Fox News steamrolls cable news competition ratings.
What happened to the rise of MSNBC? After showing historic growth--and a few months in 2017 when Rachel Maddow took the title of most-watched host in all of cable news, beating Fox News Channel's Sean Hannity--the just-released results of the May ratings period look very familiar: Fox News won--everything.
In ratings data released Wednesday by Nielsen Media Research, FNC extended its run of consecutive months at number one to a staggering 197, while building hitting another impressive milestone: Fox News Channel has now beaten every other network in basic cable for 23 months straight, based on total day ratings, with an average total day audience in May of 1.4 million viewers.
Let's break it down.
  • prime time
    • Fox News destroyed its competition
    • Fox News: 2.381 million viewers
    • MSNBC: 1.384 million 
    • CNN: 835,000
  • most coveted demographic, those aged 25 - 54
    • FNC: clear victory
    • FNC: 461,000
    • MSNBC: 329,000
    • CNN: 265,000
  • 15 top cable shows
    • Fox: 10 of those 15 shows
    • Hannity outpaced every show in basic cable (except NBA playoffs)
    • Hannity: 2.627 million
    • Tucker Carlson Tonight: 2.617 million
    • The Ingraham Angle: 2.617 million
    • The Five: 2.153 million
  • millennials have stopped watching cable
    • May, 2018: cable news networks were down overall except for Fox News
  • most important demographic, those aged 25 - 54 years of age
    • Fox News grew 6%
    • CNN: fell a full 25%
    • Fox News: up slightly (+2%)
    • MSNBC; dropped significantly (-21%)
    • CNN dropped by more than a third (-34%)

OPEC Blinks; WTI Rises; Energy Stocks Surge -- May 30, 2018

Link here. OPEC, non-OPEC sticking ot oil pact but may raise output if needed.
  • Saudi needs $88 oil
  • Saudi trial balloon: will increase production by one million bopd
  • WTI/Brent plummets
  • Saudi clarifies: will increase production if "needed"; LOL 
  • will keep current production through end of 2018; gradual adjustments after that
  • repeat: Saudi needs $88 oil
Weekly crude oil inventories, API data; released at 4:30 p.m. CDT --
  • US crude oil inventories increased by 1.001 million bbls

Agenda For June, 2018, Hearing Dockets Posted -- May 30, 2018

The NDIC hearing dockets for June, 2018, have been posted. Link here.

Dockets are posted at the NDIC site here.

Dockets are tracked here

The usual disclaimer applies. As usual this is done very quickly and using shorthand for my benefit. There will be factual and typographical errors on this page. Do not quote me on any of this. It's for my personal use to help me better understand the Bakken. Do not read it. If you do happen to read it, do not make any investment, financial, job, relationship, or travel plans based on anything you read here or think you may have read here. If this stuff is important to you, and I doubt that it is, but if it is, go to the source.

Highlights in bold.
Friday, June 1, 2018
 
A single case; continuation; notice to dismiss.

Tuesday, June, 12, 2018
Only three cases total --
  • 26690, Resonance Exploration, Westhope Field, request for unitization of the Westhope-Spearfish/Madison Unit Area, Bottineau County
  • 26691, Resonance Exploration, confirm plan of unitization for the Westhope-Spearfish/Madison Area, Bottineau County
  • 26692, Resonance Exploration, request permit for underground injection of fluids into the unitized formation of the Westhope-Spearfish/Madison Unit, Bottineau County
Wednesday, June 27, 2018 (5 pages)
 
  • 26695, NDIC, terminate, reduce, or other appropriate action regarding the Flat Lake East-Ratcliffe Unit, Divide County
  • 2696, NDIC, terminate, reduce, or other appropriate action regarding Subdivision-Lodgepole Unit, Stark County
  • 26697, Hess, Wheelock and/or Ray-Bakken; amend; establish an overlapping 2560-acre unit; 1 well; Williams County
  • 26698, Hess, Dollar Joe-Bakken, amend; establish two overlapping 2560-acre units; one well each; Williams County
  • 26699, Hess, Big Butte-Bakken; amend, establish an overlapping 2560-acre unit; 2 wells; Mountrail
  • 26700, Oasis, Squires-Bakken; amend; establish an overlapping 2560-acre unit; one well; Williams 
  • 26701, True Oil, Red Wing Creek-Madison, amend, establish an 800-acre unit; one well; McKenzie County
  • 26702, Crescent Point Energy, Lone Tree Lake-Bakken; complete two wells with exception to the rules, Williams County
  • 26703, Crescent Point Energy, Lone Tree Lake-Bakken; completed one well with exception to the rules; Williams County
  • 26704, Whiting, commingling
  • 26705, Whiting, commingling
  • 26706, Whiting, commingling
  • 26707, Whiting, SWD
  • 26708, Hess, pooling
  • 26709, Hess, pooling
  • 26710, Hess, pooling
  • 26711, BR, Sand Creek-Bakken, amend, two wells on a 2560-acre unit; McKenzie
  • 26712, BR, commingling
  • 26713, Oasis, SWD
  • 26714, MRO, Bailey-Bakken, i) 11 wells on a 1280-acre unit; 9 wells on a 1280-acre unit; Dunn County; sections 26/35-146-94; and, sections 25/36-146-94;
Tuesday, June, 28, 2018 (nine pages)

  • 26715, NDIC, terminate, reduce, or other appropriate action regarding Coyote Creek-Red River Unit, Bowman County;
  • 26716, CLR, commingling
  • 26717, CLR, Brooklyn-Bakken, amend; 1) terminate an existing 2560-acre unit; instead, ten wells on two existing 1280-acre units; sections 16/21-155-98; and, sections 28/33-155-98; ii)  terminate an existing 5120-acre unit, and instead create and establish two overlapping 2560-acre units, one well on each; iii) create and establish an overlapping 2560-acre unit, two wells; iv) create and establish an overlapping 5120-acre unit, 4 section line wells; Williams County
  • 26718, CLR, Beaver Lodge-Bakken, amend, establish two overlapping 2560-acre units; 1 well each; Williams
  • 26719, CLR, Banks-Bakken, amend, establish an overlapping 2560-acre unit; two wels; Williams, McKenzie counties
  • 26720, CLR, Haystack Butte-Bakken, amend; establish an overlapping 2560-acre unit; two wells; McKenzie Count
  • 26721, CLR, Cedar Coulee-Bakken, amend; establish an overlapping 5120-acre unit; two wells; Dunn County
  • 26722, Denbury Onshore, amend rules, so to be able to create and establish a spacing/drilling unit across state (Montana and North Dakota) state lines; Bowman County, Fallon County, Montana; this would be within the boundaries of  Cedar Creek Anticline No 8-B Unit; Mission Canyon Formation, horizontal well;
  • 26723, Denbury Onshore, amend rules, so to be able to create and establish a spacing/drilling unit across state (Montana and North Dakota) state lines; Bowman County, Fallon County, Montana; this would be within the boundaries of  Cedar Creek Anticline No 8-B Unit; Mission Canyon Formation; horizontal well;
  • 26724, Zavanna, Stony Creek-Bakken; establish an overlapping 2560-acre unit; two wells; Williams County
  • 26725, Slawson, asking for an order allowing for the vapor pressure testing of crude oil from four central locations rather than at each well site for any existing and future wells operated by Slawson in the Big Bend-Bakken pool, McKenzie, Mountrail 
  • 26726, Statoil, Todd Field, multiple wells, Williams County
  • 26727, Liberty Resources, Gros Ventre-Bakken; create two 1920-acre units; 8 wells on each; Burke County;
  • 26728, XTO, Capa-Bakken, amend; i) establish two overlapping 1920-acre units; 8 wells each; ii) establish two overlapping 3840-acre units; one well; Williams
  • 26729, XTO, Alkali Creek-Bakken; amend; establish an overlapping 1920-acre unit; 8 wells on the unit; Williams 
  • 26730, XTO, Beaver Lodge-Bakken, amend; establish an overlapping 3840-acre unit; one well; Williams
  • 26731, Freedom Energy D LLC, to establish an approximate 320-acre unit; two vertical and/or directional wells for the Lodgepole formation; N/2 of section 16-139-96; Stark County
  • 26732, CLR, pooling
  • 26733, CLR, pooling
  • 36734, CLR, pooling
  • 36735, CLR, pooling
  • 26736, CLR, pooling
  • 26737, CLR, pooling
  • 36738, CLR, pooling
  • 26739, CLR, pooling
  • 26740, CLR, pooling
  • 26741, CLR, Cedar Coulee-Bakken; 18 wells on an existing overlapping 2560-acre unit; sections 21/28/33-147-96 and section 4-146-96; Dunn
  • 26742, Nine Point Energy, pooling
  • 26743, Liberty Resources, pooling
  • 26744, Liberty Resources, pooling
  • 26745, Sinclair Oil, risk penalty legalese
  • 26746, Buckhorn SWD
  • 26747, PetroShale (US); pooling
  • 26748, NGL  Water Solutions SWD