Sunday, February 9, 2020

"Walking Rigs" -- From The Houston Chronicle -- January, 2014

A reader mentioned "walking rigs" in a recent comment.

The reader linked this SeekingAlpha article from 2019 with regard to what they are doing in the Utica. 

This is a nice article, from The Houston Chronicle for newbies (and maybe also for some us older folks, LOL). I'm sure the article will eventually disappear or end up behind a pay wall. This was published back on January 18, 2014. Archived.

The article begins:
Highly specialized mobile rigs are literally walking over the oil patch's collection of aging equipment - tamping down sales and profits in a burst of efficiency that's making some drillers victims of their own success.
Large oil field services companies deploy the pricey machines called walking rigs to grab customers from midsize drillers that have to stretch to afford replacing their drilling armadas with the new-generation gear.
But the market is getting tighter for drillers large and small, as producers embrace walking rigs - so-called for the massive mechanical feet that let them move among well sites - and other technologies that let them drill more wells and harvest more oil while spending less on oil field services.
Baker Hughes recently reported a 9 percent rise in the number of wells the average U.S. land drilling rig produced in the fourth quarter (2013), compared with the same period a year ago (2012).

The CLR Mack Wells In Antelope-Sanish Have Been Updated -- February 9, 2020

These wells are tracked here.

Considering these are Antelope-Sanish wells, these are very, very disappointing.

Observatons On Wells Coming Off Confidential List This Week -- February 9, 2020

Wells coming off the confidential list this next week have been posted.

Three things of note:
  • very few wells coming off the confidential list this next week; six months ago,  early August, 2019;
  • Oasis is reporting two wells with "old" permits numbers;
  • XTO has a couple of wells with "strange" names;
So, let's look at these.

First, the Oasis wells:
  • 28190, conf, Oasis, Lewis Federal 5300 21-31 6B, Baker, 
DateOil RunsMCF Sold
12-20193414825168
11-20191281911550
10-20192881623303
9-20195442
8-2019431162
  • 28194, conf, Oasis, Lewis Federal 5300 21-31 5B, Baker,
DateOil RunsMCF Sold
12-20192499318155
11-20191865216465
10-20192783522607
9-20192678622938
8-20191199510266

Baker oil field is tracked here. It's turning out to be quite a nice field, not surprising considering where it is located. Coincidentally, I updated this field late last week. These are nice wells. Let's look at FracFocus data for one of the wells  -- #28194 -- no frack data over at FracFocus, but obviously these two wells have been fracked. FracFocus does have frack data for #28190:

#28190: 7/15/19 - 7/29/19, a relatively large frack -- 13.1 million gallons of water; 93.7% water by mass.

By the way, a lot of the Oasis Baker oil field wells are Three Forks wells.

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The XTO Mariner Wells

I do not know the "reason" for these particular names, something new for me:
  • 36679, conf, XTO, Mariner 14X-36POW-S, Bear Creek,
  • 36680, conf, XTO, Mariner 13X-36POW-H, Bear Creek,
The graphic:

36679, conf, XTO, Mariner 14X-36POW-S,

Wells Coming Off The Confidential List This Next Week -- February 9, 2020

Monday, February 17, 2020: 42 for the month; 149 for the quarter, 149 for the year:
None.

Sunday, February 16, 2020: 42 for the month; 149 for the quarter, 149 for the year:
35882, conf, Liberty Resources, Kaitlyn 158-93-30-31-4TFH

Saturday, February 15, 2020: 41 for the month; 148 for the quarter, 148 for the year:
None.

Friday, February 14, 2020: 41 for the month; 148 for the quarter, 148 for the year:
36617, conf, MRO, Easton 44-20H, 
36198, conf, MRO, Parmeter 14-21H, 
36197, conf, MRO, Reagan 14-21H,
28190, conf, Oasis, Lewis Federal 5300 21-31 6B,

Thursday, February 13, 2020: 37 for the month; 144 for the quarter, 144 for the year:
36680, conf, XTO, Mariner 13X-36POW-H, 

Wednesday, February 12, 2020: 36 for the month; 143 for the quarter, 143 for the year:
35883, conf, Liberty Resources, Haley 158-93-29-32-10MBH, 
28194, conf, Oasis, Lewis Federal 5300 21-31 5B, 

Tuesday, February 11, 2020: 34 for the month; 141 for the quarter, 141 for the year:
36679, conf, XTO, Mariner 14X-36POW-S,
36047, conf, Oasis, Lewis Federal 5300 11-31-4BR, 

Monday, February 10, 2020: 32 for the month; 139 for the quarter, 139 for the year:
36678, conf, XTO, Mariner 14X-36D,

Sunday, February 9, 2020: 31 for the month; 138 for the quarter, 138 for the year:
36427, conf, XTO, Linda 41X-22HXE, 
36426, conf, XTO, Linda 41X-22D,
35654, conf, Lime Rock, Twist 5-3-10H-143-95L,
34954, conf, Petro Harvester, PTL4 10-15 163-92 C,
34953, conf, Petro Harvester, PTL4 10-15 163-92 B,

Saturday, February 8, 2020: 26 for the month; 133 for the quarter, 133 for the year:
36665, conf, PetroShale, Jorgenson Federal 3MBH,
34951, conf, Petro Harvester PTL4 10-15 163-92 D,

Friday, February 7, 2020: 24 for the month; 131 for the quarter, 131 for the year:
36664, conf,PetroShale, Jorgenson Federal 2MBH, 
36425, conf, XTO, Linda 41X-22H, 
35884, conf, Liberty Resources, Haley 158-93-29-32-1TFH,
35069, conf, Resonance Exploration, Resonance Issendorf 16-10H,
35048, conf, XTO, Johnson Trust Federal 21X-6F,
32354, conf, CLR, Hereford Federal 8-20H2,

We Tend To Forget -- February 9, 2020

Flashback: from October 28, 2018:The "EUR graph" from the September, 2018, CLR presentation:


t appears the "21xxx" permits were drilled in the 2012 time-frame. If so, look at the EUR line back in 2011 and then in 2014 in the graphic above. I think most readers remember when we started out in the Bakken -- we were looking at EURs of 375,000.

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Rachel Sweet

Amazing how many dots could be connected with this one video:

Then He Kissed Me, Rachel Sweet