Damn The Torpedoes, Full Speed Ahead: CLR With Seven New Permits In Cedar Coulee -- February 20, 2020

Active rigs:

$53.54	2/20/2020	02/20/2019	02/20/2018	02/20/2017	02/20/2016
Active Rigs	55	66	56	40	38

Eight new permits, #37395 - #37402, inclusive:

• Operators: CLR (7); MRO
• Fields: Cedar Coulee (Mountrail); Reunion Bay (Mountrail)
• Comments:
• CLR has four Gale permits / three Rodney permits in NWNE 32-147-96, Cedar Coulee;
• MRO has a single permit for a Wallentinson permit, in NESE 8-151-93, Reunion Bay

No permits canceled.

No permits renewed.

No producing wells (DUCs) reported as completed. 

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The CLR Cedar Coulee Permits

Graphics:

Cedar Coulee activity:
37112, ros/drl, CLR, Kate ...Big Gulch, Three Forks first bench;
37113, drl, CLR, Kate ...Big Gulch,m middle Bakken;
37114, drl, CLR, Kate ...Big Gulch, Three Forks first bench;
37115, drl, CLR, Kate ...Big Gulch, middle Bakken;
37116, drl, CLR, Kate ...Big Gulch, Three Forks first bench;

12785, 5 (no typo), Leland Oil & Gas, LLC, Carus Fee 21-19, Big Gulch, Birdbear formation - dry; Bakken; t9/90; minimal monthly production, 10K 12/19;

37147, drl, CLR, Kate ...Big Gulch, Three Forks first bench;
37148, drl, CLR, Kate ...Big Gulch, middle Bakken;
37149, drl, CLR, Kate ...Big Gulch, Three Forks first bench;
37295, drl, CLR, Kate ...Big Gulch, middle Bakken;

21204, 1,071, CLR, Kate 2-19H, Big Gulch, t1/12; cum 251K 10/19; off line 11/19; remains off line 12/19;

17577, 406, CLR, Kate 1-19H, Big Gulch, t4/10; cum 182K 10/19;


37271, conf, CLR, Kate 12-19H, middle Bakken; Cedar Coulee,
37270, conf, CLR, Kate 13-19H, middle Bakken; Cedar Coulee,
37269, conf, CLR, Kate 14-19H1, Three Forks first bench; Cedar Coulee,
37268, conf, CLR, Kate 15-19HSL, middle Bakken; Cedar Coulee,
37267, conf,

A Closer Look At The Nine Point Energy Hovde Well That Came Off The Confidential List Recently -- February 20, 2020

A closer look at the Nine Point Energy Hovde well that came off the confidential list today (see this post for the neighboring well):

• 36284, 1,243, Nine Point Energy, Hovde E 150-100-6-7-6H, 60 stages; 10.2 million lbs; Spring Creek, t9/19; cum 128K 12/19; 

Production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2019	31	32177	32097	35956	44951	14403	30548
BAKKEN	11-2019	16	16722	17042	22123	19903	2668	17234
BAKKEN	10-2019	24	27485	27183	35683	32200	18552	13649
BAKKEN	9-2019	30	39304	39282	50977	48613	23889	24725
BAKKEN	8-2019	19	12164	11702	24811	16566	5015	11551
BAKKEN	7-2019	0	0	0	0	0	0	0

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Stir Fry Night

Notes for the Granddaughters

For background, see this note.

The wok? $5.96 at Walmart. Ramen noodles: 24 cents a pack.

Sauce: Sriracha sauce, brown sugar, garlic, and apple cider vinegar.

Closer Look At Two EOG Liberty LR Wells Recently Released From Confidential List -- February 20, 2020

The two EOG Parshall wells released from confidential status today:

• 34361, 1,733, EOG, Liberty LR 49-1109H, 33-061-04160; 4 sections, Parshall, t8/19; cum 128K 12/19;
• 33511, 1,769, EOG, Liberty LR 50-1109H, 33-061-04043, ICO, Parshall, t8/19; cum 174K 12/19; 

Production:

• 34361, 70 stages, 22 million lbs; middle Bakken; spacing unit, 3840 acres; extended long lateral, drilling west to east; TD, 24,740 feet; FracFocus: fracked, 6/9/19 - 7/23/19; 14.4 million gallons of water; 84.4% water by mass;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2019	31	27987	27945	54720	14388	13671	0
BAKKEN	11-2019	29	28098	28088	53134	13449	12514	8
BAKKEN	10-2019	31	28487	28498	62707	11981	10908	8
BAKKEN	9-2019	26	24981	24543	76812	11926	11058	0
BAKKEN	8-2019	12	18500	18267	45659	14100	13709	0

• 33511, 70 stages; 21.8 million lbs; middle Bakken; spacing unit, 1920 acres; extended long lateral, drilling west to east; TD, 24,676 feet; FracFocus: fracked, 6/10/19 - 7/24/19; 13.7 million gallons of water; 84% water by mass;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2019	31	26728	26747	45887	3981	3238	0
BAKKEN	11-2019	30	32709	32695	53101	11566	10508	6
BAKKEN	10-2019	30	39291	39264	63088	20779	19748	15
BAKKEN	9-2019	30	54189	53816	77278	39913	38768	0
BAKKEN	8-2019	12	21391	21129	45936	15302	14896	0

Neighboring wells in same section:

• 20038, recently back on line; small jump in production; t6/11; cum 263K 12/19; slight, probably insignificant, jump in production after coming back on line;
• 20037, recently back on line; small jump in production; t6/11; cum 348K 12/19;
• 18101, IA,  (one of five wells on same pad as #34361 and #33511), t12/09; cum 213K 1/19;

Activity in the immediate area, in the section to the south (pay attention to the chronologic number):

• 19802, 1,215, EOG, Liberty LR 18-14H, Parshall, middle Bakken; producing well holding lease by production; remains on line; t10/11; cum 378K 12/19;
• 5-well pad with rig on site:
• 37252, loc, EOG, Liberty LR 117-1416H, Parshall, Three Forks B1,
• 37253, loc, EOG, Liberty LR 54-1416H, Parshall, middle Bakken
• 37254, ROS/loc, EOG, Liberty LR 55-1416H, Parshall, middle Bakken
• 37255, loc, EOG, Liberty LR 116-1416H, Parshall, Three Forks B1,
  
• 37256, loc, EOG, Liberty LR 52-1416H, Parshall, middle Bakken

Bullish Crude Oil Inventory Report -- February 20, 2020

EIA weekly petroleum report, link here:

• a very, very bullish report;
• crude oil inventories increased by 400,000 bbls from the previous week
• current crude oil inventories: 442.9 million bbls
• current crude oil inventories remain about 2% below the five-year average for this time of the year
• refiner operating at 89.4% of operable capacity; still very low, but greater than previous week;
• imports average 6.5 million bopd, down slightly
• imports down 4%, comparing current four-week period with same four-week period one year ago
• jet fuel product supplies was down 0.45 compared with same four-week period last year (coronavirus impact? zilch)

WTI: after the report -- $53.85, up about 0.67%.

Re-balancing:

Week	Week Ending	Change	Million Bbls Storage
Week 0	November 21, 2018	4.9	446.9
Week 1	November 28, 2018	3.6	450.5
Week 2	December 6, 2018	-7.3	443.2
Week 3	December 12, 2018	-1.2	442.0
Week 4	December 19, 2018	-0.5	441.5
Week 5	December 28, 2018	0.0	441.4
Week 6	January 4, 2019	0.0	441.4
Week 7	January 9, 2019	-1.7	439.7
Week 8	January 16, 2019	-2.7	437.1
Week 9	January 24, 2019	8.0	445.0
Week 58	January 3, 2020	-11.5	429.9
Week 59	January 8, 2020	1.2	431.1
Week 60	January 15, 2020	-2.5	428.5
Week 61	January 23, 2020	-0.4	428.1
Week 62	January 29, 2020	3.5	431.7
Week 63	February 5, 2020	3.4	435.0
Week 64	February 12, 2020	7.5	442.5
Week 65	February 20, 2020	0.4	442.9

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Note to Readers/Granddaughters

Wow, I'm in a great mood.

May and I share Uber-granddaughter responsibilities -- and it's a lot of driving for three granddaughters: three different schools; and, all their after-school activities which keep us busy until 10:00 p.m., Monday - Thursday. With the two of us driving, we can easily juggle the schedules.

May is in Portland, OR, for the next few weeks visiting our younger daughter and our son-in-law there. So, I'm the only driver for the granddaughters here. Their dad is often out-of-town and when he is in town does not get home early enough to help with driving; same with their mother who routinely gets home at 7:30 p.m.

The good news: I get to see the granddaughters every day and hear all those stories.

On top of that, May would prepare most evening meals. There was no expectation that I would do that, but I want to do that, and it will be a hoot.

The five all have different tastes, including vegan, near-vegan, adult-tastes; kindergarten tastes, parents' idiosyncratic rules about what can be served and what cannot be served (LOL). It's interesting to solve that Rubic's cube.

The first thing to do was figure out a routine. It's my experience that the biggest challenge with meal preparation these days is what to prepare. So, this is my plan:

• Monday: salmon (I can prepare, marinade, on Sunday); prepare in 20 minutes on Monday;
• Tuesday: pasta (I can prepare on Sunday); many pasta dinners can be tailored easily to different tastes;
• Wednesday: salad day; see pictures below;
• Thursday: stir-fry; like pasta, easy to tailor stir-fry to different tastes.

Those are the entrees; side dishes will vary, but that's easy: rice, potatoes, vegetables, fruit, dessert, etc. 

I won't prepare meals for Friday, Saturday and Sunday because the parents are home those days, and/or without school the next day, the older granddaughters have more time to prepare / cook / bake which they prefer to do anyway.

I will prepare my own meats (generally lamb) on Saturday to marinade overnight, and then grill on Sunday.

Since the older two granddaughters like to prepare their own meals and know how cook/bake, I will not "complete the final stage" of meal preparation. I will place all ingredients on the kitchen island and/or in the refrigerator with a checklist of "ingredients."

No instructions on how to prepare. That will be obvious / intuitive.

After each dinner I will ask for feedback how they want the dinner modified the following week.

So, for example, last night was "dinner salad."  Here is what their island looked like:

Notes From All Over, Part 2 -- February 20, 2020

AOC has company: Bolingbrook, IL, mayor rejects Amazon's offer to build a "massive" distribution center in Bolingbrook:

• would add 1,500 jobs
• $15/hour
• mayor says $15/hour is not a living wage
• too much traffic; would choke a nearby intersection on Interstate 55
• building would be too tall and unsightly
• comment: wow: the distribution centers around DFW are huge (and not unsightly; and no traffic jams)
• an Amazon distribution center would attract more such centers by other companies
• would result in more mom-and-pop retail in the local area
• clearly, there is a difference in the way Texans think and some other parts of the US
• So, Bolingbrook, IL:
• a southwest suburb of Chicago
• population: 75,000 -- the state's second largest village
• number of corporate headquarters there suggest something like Plano or Frisco here in Texas, a "suburb" north of Dallas;
• per capita income
• Bolingbrook, IL: $23,468 (median: $67,852)
• Plano, TX: the highest median income of a city with a population exceeding 250,000 in the nation; $84,492 
• Frisco, TX:  $38,048 (median: $109,086
• home value:
• Bolingbrook, IL: $153,410 (2000)
• Frisco, TX: $500,000 (median); 2nd fastest growing city in the US at 6.5% annually;

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Strategic Planning

This is really, really cool.

I learned a lot about strategic planning while in the USAF.

Example: put down your "goal" / "outcome" that you desire at some time in the future, five years from now, ten years from now, thirty years from now. Then figure out how you get there starting from the current status.

Hold that thought.

Now, a thought experiment. Let's say your political party wants to broaden its voter base. Maybe "illegal" immigrants could be part of your voter base.

Strategic planning, first step: take out a huge flip-chart easel. Second step: a black Sharpie.

At the top, print: illegal immigrants can't vote.

At the bottom of the 24-inch by 36-inch flip chart: illegal immigrants allowed to vote/same day registration.

Now, draw about six rectangles on the flip chart between the top entry and the goal/outcome at the bottom.

At the bottom, the last rectangle that is not filled in, write: allow state driver's licenses to satisfy requirement for voter id/registration.

In the penultimate rectangle: introduce/pass legislation to allow state driver's licenses to satisfy requirement for voter id/registration.

In the next unfilled rectangle nearer the top: illegal immigrants allowed state driver's licenses.

Etc., etc., etc.

I was asked why states would want to give illegal immigrants the right to state driver's licenses. My reply: follow the money or google it. In this case, neither worked.

Fortunately Rush Limbaugh explained it.