Fake Memes -- Parent-Daughter Wells In The Bakken -- March 1, 2020

While we are waiting for Sophia to load the API numbers for the EOG wells coming off the confidential list this week, check out CLR's 2/26/2020 presentation. 

There's a meme out there that in the shale fields, daughter cells are significantly -- and the meme says "significantly" -- worse than the parent wells. That meme apparently is not about the Bakken. Maybe the Permian, but not the Bakken.

I do believe that the wells that are reporting initial production data this week, are all daughter wells. If these daughter wells produced significantly worse than their parent wells, I want to see those parent wells. LOL.

These are huge wells.

We'll get into them individually.

Some comments:

• Enerplus doesn't report often, but when it does, Enerplus reports some huge wells. This week, Enerplus reports its "turtle pad."
• EOG hasn't lost its touch. Look at its new wells in Clarks Creek. OMG!
• The Oasis Banks wells are coming in relatively good, but they are a mixed bag, and for Oasis/Banks, I expected a bit better, but again, IPs are not the end-all and be-all. 
• For the EOG wells, I can hardly wait to see the frack data, but we will get an early look when we check FracFocus. Stay tuned.

Initial Production Data For Wells Coming Off Confidential List This Next Week -- March 1, 2020

36027, conf, MRO, Pletan 11-13TFH, Bailey,

Date	Oil Runs	MCF Sold
12-2019	18773	7418
11-2019	25262	9220
10-2019	26987	4092
9-2019	23205	0

36026, conf, MRO, Herbert 41-14H, Bailey,

Date	Oil Runs	MCF Sold
12-2019	20107	7816
11-2019	26366	9299
10-2019	30669	4430
9-2019	39029	0

35821, conf, MRO, Bryden 11-13H, Bailey,

Date	Oil Runs	MCF Sold
12-2019	26697	9216
11-2019	31267	10494
10-2019	35199	4897
9-2019	17187	0

35820, conf, MRO, Maher 41-14TFH, Bailey,

Date	Oil Runs	MCF Sold
12-2019	21116	9450
11-2019	28905	9936
10-2019	33302	4828
9-2019	40400	0

36416, conf, EOG, Clarks Creek 105-0719H, 33-053-09061, Clarks Creek, 7/20/19 - 8/22/19, 11.5 million gallons of water, 83% water by mass,

Date	Oil Runs	MCF Sold
12-2019	30839	42916
11-2019	39737	92288
10-2019	71611	96448
9-2019	66951	87763

36415, conf, EOG, Clarks Creek 18-0719H, 33-053-09060, Clarks Creek,

Date	Oil Runs	MCF Sold
12-2019	38121	78940
11-2019	48555	79616
10-2019	83464	93516
9-2019	86854	104174

36413, conf, EOG, Clarks Creek 106-0724H, 33-053-09058, Clarks Creek, 7/25/19 - 8/23/19; 11.4 million gallons of water, 81% water by mass;

Date	Oil Runs	MCF Sold
12-2019	60322	172190
11-2019	73804	122169
10-2019	75855	89623
9-2019	51832	68307

35100, conf, Oasis, Kellogg Federal 5297 12-30 8T, Banks,

Date	Oil Runs	MCF Sold
12-2019	18073	41944
11-2019	18197	42075
10-2019	23589	46564
9-2019	2918	5832

23958, conf, EOG, Liberty LR 107-1109H, 33-061-02281, Parshall, 7/7/19 - 8/5/19; 12.5 million gallons of water; 82% water by mass;

Date	Oil Runs	MCF Sold
12-2019	27191	14970
11-2019	35346	17412
10-2019	39180	24625
9-2019	54159	37865

35064, conf, Enerplus, Hawksbill 152-94-33D-28H, Antelope,

Date	Oil Runs	MCF Sold
12-2019	12442	11596
11-2019	26911	32332
10-2019	51857	38521
9-2019	22316	7912

35063, conf, Enerplus, Tortoise 152-94-33C-28H-TF1, Antelope,

Date	Oil Runs	MCF Sold
12-2019	31268	29141
11-2019	24902	29917
10-2019	42647	31680
9-2019	34929	12384

35099, conf, Oasis, Kellogg Federal 5297 12-30 7B, Banks,

Date	Oil Runs	MCF Sold
12-2019	32871	89768
11-2019	34265	89084
10-2019	36768	89573
9-2019	4354	16562

35068, conf, Enerplus, Terrapin 152-94-33D-28H, Antelope,

Date	Oil Runs	MCF Sold
12-2019	35712	33283
11-2019	31280	37579
10-2019	44553	33096
9-2019	26843	9517

35067, conf, Enerplus, Box 152-94-33D-28H-TF2, Antelope,

Date	Oil Runs	MCF Sold
12-2019	33429	31156
11-2019	30945	37178
10-2019	32405	24072
9-2019	21087	7476

35066, conf, Enerplus, Painted 152-94-33D-28H, Antelope,

Date	Oil Runs	MCF Sold
12-2019	39457	36773
11-2019	37365	44889
10-2019	44871	33332
9-2019	32666	11582

35251, conf, Oasis, Kellogg Federal 5297 44-19 13BX, Banks,

Date	Oil Runs	MCF Sold
12-2019	31725	80703
11-2019	37472	70425
10-2019	31889	66359
9-2019	2852	6856

32461, drl, Sinclair Oil, Crosby Creek 4-5H, Little Knife, no production data,

Wells Coming Off The Confidential List This Next Week -- March 1, 2020

Monday, March 9, 2020: 16 for the month; 187 for the quarter, 187 for the year:
36027, conf, MRO, Pletan 11-13TFH, 
36026, conf, MRO, Herbert 41-14H, 
35821, conf, MRO, Bryden 11-13H, 
35820, conf, MRO, Maher 41-14TFH,

Sunday, March 8, 2020: 12 for the month; 183 for the quarter, 183 for the year:
None.

Saturday, March 7, 2020: 12 for the month; 183 for the quarter, 183 for the year:
36416, conf, EOG, Clarks Creek 105-0719H, 
36415, conf, EOG, Clarks Creek 18-0719H, 
36413, conf, EOG, Clarks Creek 106-0724H,
[36414 is still on loc status]

Friday, March 6, 2020: 9 for the month; 180 for the quarter, 180 for the year:
35100, conf, Oasis, Kellogg Federal 5297 12-30 8T,
35958, conf, EOG, Liberty LR 107-1109H, 

Thursday, March 5, 2020: 7 for the month; 178 for the quarter, 178 for the year:
35064, conf, Enerplus, Hawksbill 152-94-33D-28H,
35063, conf, Enerplus, Tortoise 152-94-33C-28H-TF1, 

Wednesday, March 4, 2020: 5 for the month; 176 for the quarter, 176 for the year:
35099, conf, Oasis, Kellogg Federal 5297 12-30 7B, 
35068, conf, Enerplus, Terrapin 152-94-33D-28H, 
35067, conf, Enerplus, Box 152-94-33D-28H-TF2, 
35066, conf, Enerplus, Painted 152-94-33D-28H, 

Tuesday, March 3, 2020: 1 for the month; 172 for the quarter, 172 for the year:
None.

Monday, March 2, 2020: 1 for the month; 172 for the quarter, 172 for the year:
None.

Sunday, March 1, 2020: 1 for the month; 172 for the quarter, 172 for the year:
35251, conf, Oasis, Kellogg Federal 5297 44-19 13BX,

Saturday, February 29, 2020: 64 for the month; 171 for the quarter, 171 for the year:
32461, conf, Sinclair Oil, Crosby Creek 4-5H,


Friday, February 28, 2020: 63 for the month; 170 for the quarter, 170 for the year:

• 35252, 236, Oasis, Kellogg Federal 5297 44-19 12T, Banks, t9/19; cum 57K 9/19;

It's A New Day -- March 1, 2020

I'm not a gamblin' man but if I were, I would lay down a 1,024 - 1 bet that somewhere in South Carolina, someone on Joe Biden's staff is playing this song:

Feeling Good, Nina Simone

Sunday Morning Coming Down -- March 1, 2020

The week in pictures: link here. 

Steyer bails. If you want to see what an opportunist sounds like, listen to the first 90 seconds of his speech announcing he is quitting.

South Carolina: even MSNBC didn't see this coming. Joe Biden won every county in the Palmetto state. Every county. 

China: late yesterday I said that President Xi has three months to get this under control. Within three months we start seeing widespread social unrest if that country drops into depression. Now I see Tyler Durden has said the same thing. At this link:

Beijing now only has about 3 months before its companies run out of cash and the economy implodes from mass defaults and bank failures unless the economic situation is stabilized.

Koontz: 1981 novel. Global pandemic, virus he called "Wuhan-400." Eyes of Darkness. From the book:

“In around 2020 a severe pneumonia-like illness will spread throughout the globe, attacking the lungs and bronchial tubes and resisting all known treatments.”

Trump wins again: appellate court says US House lacks "standing" to force "McGahn subpoena." Convoluted ruling, but a ruling none the less.