Thursday, June 6, 2019

Resource Energy Can-Am Makes Fifth Acquisition In Divide County -- June 6, 2019

From oilandgas360:
  • Resource Energy Can-Am LLC made a fifth acquisition in the Bakken play, in Divide County
  • seller: unidentified
  • new acquisition: 19 wells; 750 net boepd, and provied producing net reserves of 2.2 million boe
  • Resource Energy now has over 120,000 net acres; proven reserves of 33 million boe; an interest in 416 wells (205 operated)
  • "banker": Apollo Global Management, LLC (the "Apollo Funds")
Previously, from "Bakken Operators":
Resource Energy Can-Am, LLC

Pardon The Interruption: Bloomberg On Pocahontas -- Gaining On Sanders -- June 6, 2019

I find political polling and political news reports fascinating.

The changes from week-to-week in the Democrat presidential polling has changed little since Biden announced, and any changes are statistically insignificant.

However, I assume potential donors and the candidates themselves are watching the trends very, very closely. So, it's fascinating to compare the numbers to the news stories.

This morning, a story from Bloomberg (BNN) on Pocahontas. Bloomberg headline: "Warren Gains On Sanders." (There was more to the headline but that was the hook.)

Since that was not the movie I was watching, I was curious. Here's the lede:
Elizabeth Warren has been climbing in the Democratic presidential contest by using a stream of policy blueprints and hours of selfies with voters to chip away at her immediate target: Bernie Sanders.

Warren’s path to directly challenging front-runner Joe Biden runs through Sanders, her main rival for progressive voters and the candidate who’s steadily held the No. 2 spot in most polls.
In fact, the numbers don't support the headline or the lede (here and here, both of those links are dynamic/changing, and thus after the next poll comes out, things will have changed).

Pocahontas came close to 10% (9.8%) a few weeks ago but has since dropped; most recently from 8.4% to 8.2% -- again, absolutely statistically insignificant, but the trend is important for a potential donor. Again, the Bloomberg lede said Pocahontas had been climbing in the presidential contest. Perhaps very, very early on that was true, but certainly not in the past month. Her numbers are statistically unchanged, but if anything, she is trending down.

The headline for the story: "Warren Gains On Sanders." Absolutely bogus from what I see.

On another note, the tea leaves suggest that Hillary is looking to be deus ex machina (or perhaps, better: diva ex machina) when she walks on stage before the second vote is called at a brokered DNC convention.

I love the second definition for diva: 
  • a self-important person who is temperamental and difficult to please (typically used of a woman) 
*********************************
Ad Nauseum

You cannot fine a more liberal/socialist-leaning mainstream weekly sold in the US than The Economist. If you removed The Economist poll from the polling below, the average for Pocahontas drops from 8.17% to 7.4%.


To show just how much The Economist polling lacks any credibility, compare the Biden number from The Economist with the five other polls.

Random Update Of Three Slawson Mooka Wells In Big Bend -- June 6, 2019

Three Mooka wells show slight bump in production; a well to the east was recently fracked.

The three Mooka wells with slight increase in production:
  • 24217, farthest from recently fracked well; 733, Slawson, Mooka 3-29-20TFH, Big Bend, t6/13; cum 318K 4/19;
  • 24218, the middle of three; 997, Slawson, Mooka 4-29-2H, Big Bend, t6/13; cum 312K 4/19;
  • 20810, the closest to the recently fracked well; 669, Slawson, Mooka 2-29-20TFH, t6/13; cum 379K 4/19;
The recently fracked wells to the east:
  • 29997, 834, Slawson, Fox 1SLH, middle Bakken, 45 stages; 9.6 million lbs, Big Bend, t1/18; cum --;  the scout ticket and the sundry form say this well was tested 1/06/2018, but it was stimulated 12/05/2018; also production suggests this well was tested 1/19, similar in time to #29999 (see next entry)
  • 29999 (farther to the east), 550, Slawson, Shakafox 4-29-21MLH, Big Bend, t11/18; cum 62K 4/19  off line most of 3/19 and 4/19;
Recent production of the three Mooka wells above:

24217, farthest away from recently fracked well, and also a TFH well:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2019302749284924262661217346
BAKKEN3-2019262220174538319801506106
BAKKEN2-20191439785971836321535
BAKKEN1-2019261738157115151556118064
BAKKEN12-20183151637546546764670
BAKKEN11-201826189119582392325829281
BAKKEN10-2018312318250922733931349238

24218: middle of the three:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-201930482048054846405933961
BAKKEN3-20193145484258450738643081145
BAKKEN2-2019284040366938233639300569
BAKKEN1-20190000000
BAKKEN12-2018223146796840
BAKKEN11-20183019701990702298726290
BAKKEN10-201831153917265363160281230

20801: closest to the recently fracked well, and also a TFH well:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2019307249740388846890595416
BAKKEN3-20193157265461654753204258299
BAKKEN2-20192864246624672458394865160
BAKKEN1-2019278670789213399688139721859
BAKKEN12-20181101590500
BAKKEN11-2018262573247223722655222032
BAKKEN10-2018192063207412972255191924
BAKKEN9-2018272311259616212912250326

Random Update Of An Old RimRock/KOG Moccasin Creek Well -- June 6, 2019

The well:
  • 24056, 2,271, RimRock/KOG, Moccasin Creek 14-11-2-3H, Moccasin Creek,  t1/13; cum 349K 4/19;
Recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-20193035483536168034132179118
BAKKEN3-201931366536802550415112611742
BAKKEN2-20192844794471254947742450259
BAKKEN1-20193158995893539439052581169
BAKKEN12-201831602860507707451514921889
BAKKEN11-2018295327527683943379162378
BAKKEN10-201821684681642313561585
BAKKEN9-20180000000
BAKKEN8-20180000000
BAKKEN7-20180000000
BAKKEN6-20180000000
BAKKEN5-201874605153876744320
BAKKEN4-201830239824581645334021520
BAKKEN3-201831251924721656250122299
BAKKEN2-2018272189220815042956182859

FracFocus: no re-frack; first fracked in 2013; 

Lots of activity in the area with fracking of newer wells in 9/18; 

Another short lateral running diagonally in the area showed a very, very slight bump in production in 10/18:
  • 18295  1,260, RimRock, Moccasin Creek 16-3-11H, Moccasin Creek, t2/10; cum 494K 4/19; TD only 15,627 feet;
Another well on the same pad showed no change in production:
  • 24058, 1,570, RimRock, Moccasin Creek 14-11-2-3H3, a Three Forks well, 25 stages; 3.3 million lbs, Moccasin Creek, t2/13; cum 195K 4/19; no geologist's report filed, but most like a Three Forks first bench well;

Watch For CLR Hereford Wells To Start Reporting Production -- June 6, 2019

Updates

June 6, 2019: this is pretty amazing. I posted the original post (see below) yesterday. Today -- on the daily activity report -- two Hereford wells were reported.

Original Post 

CLR's Angus wells in Elm Tree are showing a very slight bump in production suggesting some activity in the area. To the west are the CLR Hereford wells. It looks like these wells have been fracked (1/19) and will soon report. The CLR Hereford wells are tracked here but have not been updated. Likewise, the Angus wells, tracked here, have not been updated.