Updating DUCS That Reported 2Q19 -- May 29, 2021

The following wells all came off confidential list in 2Q19.

On May 29, 2021, I went through the 2Q19 list and updated only the wells that were SI/NC at that time. I did not get through the entire list.

The wells:

• 35840, SI/NCW, XTO, Halverson 13X-33EXH, Alkali Creek, no production data, 
• 34604, 458, Slawson Wolverine Federal 10-31-30TF2H, Elm Tree, t12/19; cum 63K 3/20; cum 195K 3/21;
• 34937, SI/NCW, XTO, Darlean 41X-2G2, Alkali Creek, no production data, 
• 34936, SI/NCW, XTO, Darlean 41X-2C, Alkali Creek, no production data,
• 34865, 3,080, Hess, BB-Eide-151-95-3328-H-11, Blue Buttes, t7/19; cum 197K 3/21;
• 34603, 1,034, Slawson, Wolverine Federal 11-31-20TF2H, Elm Tree, t12/19; cum 199K 3/21; 
• 34935, SI/NCW, XTO, Darlean 41X-2H, Alkali Creek, no production data,
• 34934, SI/NCW, XTO, Darlean 41X-2D, Alkali Creek, no production data, 
• 30030, 3,609, Hess, BB-Federal-151-95-0817H-3, Blue Buttes, t6/19; cum 164K 3/21;
• 34907, 1,942, Hess, SC-JCB-LE-154-98-1720H-1, Truax, t8/19; cum 193K 3/21;
• 35738, 665, Ovintiv/Newfield, Skipjack 149-98-11-2-12H, Pembroke, t6/19; cum 160K 3/21;
  
• 35457, 2,461, WPX, Minot Grady 26-35HWL, Squaw Creek, t6/19; cum 362K 3/21;
  
• 35298, 4,634, WPX, Minot Grady 26-35HD, Squaw Creek, t6/19; cum 245K 3/21;
  
• 35297, 3,224, WPX, Minot Grady 26-35HZ, Squaw Creek, t6/19; cum 261K 3/21;
  
• 34906, 1,755, Hess, SC-JCB-154-98-1720H-9, Truax, t8/19; cum 110K 3/21; four sections;
•  35318, 5,651, MRO, Gartland USA 31-16H, Reunion Bay, t6/19; cum 378K 3/21;
  
• 35299, 2,552, WPX, Minot Grady 26-35HT, Squaw Creek, t6/19; cum 286K 3/21;
  
• 34905, 2,323, Hess, SC-JCB-154-98-1720H-8, Truax,  t9/19; cum 210K 3/21; four sections;
• 35319, 5,922, MRO, Sears USA 21-16TFH, Reunion Bay, t6/19; cum 293K 3/21;
  
• 35300, 3,792, WPX. Minot Grady 26-35HC, Squaw Creeky, t6/19; cum 248K 3/21;
• 31563, 1,137, Slawson, Submariner Federal 5-23-20TFH, Big Bend, t6/19; cum 160K 3/21;
• 35726, SI/NCW, XTO, Halverson 13X-33DXA, Capa, no production data,
• 35359, 1,528, Hunt, Halliday 146-92-19-18H-4, Werner, t7/19; cum 186K 3/21;
  
• the Halliday wells are tracked here;
• 35320, 8,448, MRO, Reyes USA 21-16H, Reunion Bay, t6/19; cum 353K 3/21;
  
• 35301, 2,864, WPX, Minot Grady 26-35HY, Squaw Creek, t6/19; cum 316K 3/21;
  
• the Minot Grady wells are tracked here;
• 35271, 1,176, Petroshale, Bear Chase 2MBH, Spotted Horn, t6/19; cum 305K 3/21;
  
• 34904, 1,469, Hess, SC-JCB-154-98-1720H-7, Truax, four sections, t9/19; cum 151K 3/21;
• 34294, F/A, Petro-Hunt, USA 154-95-36D-35-2H, Charlson, first production, 3/20; t--; cum 76K 3/21;
• 35582, SI/NCW,  XTO, Halverson 13X-33H, Capa, no production data,
• 35269, 958, Petroshale, Bear Chase 1MBH, Spotted Horn, t6/19; cum 480K 3/21;
  
• 35150, SI/NCW, XTO, Bullberry Federal 24X-2H2, Lost Bridge, no production data,
• 31562, 2,514, Slawson, Submariner Federal 3-23-20H, Big Bend, t6/19; cum 374K 3/21;
• 35583, SI/NCW, XTO, Halverson 13X-33CXD, Capa, no production data, 
• 35584, SI/NCW, XTO, Halverson 13X-33BXC, Capa, no production data, 
• 34903, 2,177, Hess, SC-Gene-154-98-0805H-1, Truax, t9/19; cum 247K 3/21;
• 31561, 2,175, Slawson, Submariner Federal 6-23-20TFH, Big Bend, t6/19; cum 229K 3/21;
• 35585, SI/NCW, XTO, Halverson 13X-33EXF, Capa, no production data,
• 35154, SI/NCW, XTO, Bullberry Federal 24X-2G, Lost Bridge, no production data,
• 34902, 2,204, Hess, SC-Gene-154-98-0805H-9, Truax, t9/19; cum 196K 3/21;
• 34901, 1,512, Hess, SC-Gene-154-98-0805H-8, Truax, four sections, t9/19; cum 118K 3/21;
  
• 35586, SI/NCW, XTO, Halverson 13X-33A, Capa, no production data,  
• 35155, SI/NC-->SI/IAW-->Si/NCW, XTO, Bullberry Federal 24X-2C, Lost Bridge, no production data,
• 34900, A, Hess, SC-Gene-154-98-0805H-7, Truax, first production, 10/19; t--; cum 202K 3/21;
• 29800, 301, Zavanna, George 19-30-3TFHXW, Sotckyard Creek, t4/19; bcum 115K 3/21;
• 34634, SI/A, Slawson, Wolverine Federal 13-31-30TF2H, Elm Tree, although there was production much earlier, first real production, 3/21; t--; cum 28K 3/21;
•  35302, 964, Hess, BL-Domy-156-95-2932H-6, Beaver Lodge; t5/19; cum 135K 3/20;
• 35303, 1,179, Hess, BL-Domy-156-95-2932H-7, Beaver Lodge; t5/19; cum 168K 3/21;
• 35304, 752, Hess, BL-Domy-156-95-2932H-8, Beaver Lodge, t5/19; cum 112K 3/21;
• 34637, SI/A, Slawson, Wolverine Federal 14-31-30TF2H, Elm Tree, first production, 2/20; cum 199K 3/21;
• 35306, 925, Hess, BL-Domy-156-95-2932H-10, Beaver Lodge, t6/19; cum 112K 3/21;
  
• 35305, 1,259, Hess, BL-Domy-156-95-2932H-9, Beaver Lodge, t6/19; cum 156K 3/21;
• 35006, 1,207, Hess, CA-Ferguson Smith-155-95-3031H-5, Capa, t6/19; cum 181K 3/21;
• 35007, 1,760, Hess, CA-Ferguson Smith-155-95-3031H-6, Capa, t6/19; cum 262K 3/21;
• 34309, 22, Crescent Point Energy, CPEUSC David 10-29-32-157N-99W-LL TFH, Lone Tree Lake, t8/19; cum 128K 3/21;
• 33875, 760, Crescent Point Energy, CPEUSC David 2-29-32-157N-99W MBH, Lone Tree Lake, t8/19; cum 208K 3/21;
• 33876, 291, Crescent Point Energy, CPEUSC Bennie 5-20-17-157N-99W TFH, Lone Tree Lake, t8/19; cum 128K 3/21;
• 34295, SI/A, Petro-Hunt, USA 154-95-36D-35-3H, Charlson, first production, 3/20; t--; cum 16K in 28 days in 3/20; cum 64K 1/21;33877, 350, Crescent Point Energy, CPEUSC David 6-29-32-157N-99W TFH, Lone Tree Lake, t8/19; cum 134K 3/21;
• 32927, 319 Sinclair, Sinclair State 5-36H, Robinson Lake, t7/19; cum 122K 3/29;spud, November 10, 2018; cease drilling, November 28, 2018; TVD: 10,684.66 feet; TD, 20,480';
• 34313, SI/NCW, XTO, Arlene Federal 44X-23B, North Fork, no production data,
  
•  33880, 266, Crescent Point Energy, CPEUSC Bennie 6-20-17-157N-99W TFH, Lone Tree Lake, t8/19; cum 175K 3/21;
• 34315, SI/NCW, XTO, Arlene Federal 44X-23F, North Fork, no production data,
• 30860, conf, BR, Rollacleetwood 11-27MBH ULW, Elidah, no production data,
• 34985, 1,409, XTO, Roxy 21X-6EXH, West Capa, t5/19; cum 217K 3/21;
• 34316, SI/NC-->IAW-->SI/NCW, XTO, Arlene Federal 44X-23G, North Fork, no production data, 
• 34317, SI/NC, XTO, Arlene Federal 44X-23D, North Fork, no production data,

Memorial Day Weekend -- May 29, 2021

Memorial Day: four months into the new administration and the White House is already feeling heat on price of gasoline. White House released presser yesterday that gasoline prices this Memorial Day in line with historical gasoline prices. That may or may not be true. But that's not the perception many (most?) Americans have, and it's all about perception. Having said that, with a glut of crude oil, the real question is not why are gasoline prices "in line" with historical prices, but why aren't they lower? Link here. 

For the record: I did not vote for higher gasoline prices, although a lot of my neighbors did based on bumper stickers on Volvos and Subarus. 

Even A Caveman Could Read This Graph -- May 28, 2021

Link here. 

Using a straight edge, draw a straight line on the "goods" line starting from "2015" to "2020" and then continue that line at the same slope through today's date. 

Services: currently about $10 trillion in consumer spending.

Goods: currently about $5.5 trillion in consumer spending. 

Chicago PMI hit an all-time (?) record in most recent reporting period.

Week 21: May 23, 2021 -- May 29, 2021

Top story of the week:

• Joe Biden is still president.
• Brent back to $70 (okay, $69 and change).

Top international non-energy story:

Top international energy story:

• To explore or not explore.
• World "turning against" oil companies.
  

Top national non-energy story:

• PMI hits an all-time high?
• Covid-19 vaccination hesitancy continues to be a problem; and, here.
• Amazon acquires MGM catalogue.

Top national energy story:

• Fourteen percent increase in oil production month-over-month; and, here;
• Gasoline demand has a nice jump, but was it a one-off following the Colonial Pipeline shutdown?
• Cabot (Marcellus) and Cimarex (Permian) merge.

Top North Dakota non-energy story:

Top North Dakota energy story:

• Bakken production forecast to decline this summer.
• Quarterly lease sales reported.
• Record low number of wells coming off confidential list.

Geoff Simon's top North Dakota energy stories:

• Quick connects.
• Watford City airport work underway; runway expansion to be finished October 1, 2021
• $24 million project; 
• replace the existing 4,400' foot runway with a new 5,800' runway
• comparison: 
• Williston International Airport -- 7,510 feet x 150 ft
• Portland, OR (PDX): 11,000 feet x 150 ft
• DFW -- four runways
  
• longest (3): 13,400' long (required by former USAF pilots)
  
• shortest (1): 8,500' long (reserved for former US Navy pilots)
  

Operators:

• EOG with six new Liberty LR permits.
• EOG with first permits in the Bakken this calendar year.
• Whiting to add three Maki wells in the prolific Sanish.
• Slawson with additional permits in Big Bend.
• Scout Energy's Lodgepole Dinsdale just went over four million bbls crude oil cumulative.
• NP Resources to drill in the Bicentennial oil field.
• NP Resources to drill in Beaver Creek oil field.
• CLR proposed up to sixteen wells on one 2560-acre unit.

Operations:

• CLR begins to drill the Long Creek Unit; and, here.
• The May, 2021, dashboards posted.

Advantaged oil:

• Petro-Hunt Charlson well with jump in production for the second time.
• Anticipating a halo effect southwest of Williston.

Fracking:

• DUC inventory dropping.

Pipelines:

• Capline pipeline reversal; DAPL implications? 
• Has the requirement for a "revised" DAPL EIS become moot? 
• North Dakota PSC approves Bridger pipeline.
• Response to the DAPL decision.
• Expansions continue apace.

Refineries:

• Marathon to run Dickinson refinery with wind energy.
  

Natural gas:

• The natural gas conumdrum in the Bakken.

Bakken economy:

• Business is booming in Williston.
• Massive cryptomining solar project proposed for Butte, Montana.

Commentary:

• Oil and gas disrupted by technology but investors and companies still don't "get it."

TGIF -- May 28, 2021

From social media:

Memorial Day: four months into the new administration and the White House is already feeling heat on price of gasoline. White House released presser yesterday that gasoline prices this Memorial Day in line with historical gasoline prices. That may or may not be true. But that's not the perception many (most?) Americans have, and it's all about perception. Having said that, with a glut of crude oil, the real question is not why are gasoline prices "in line" with historical prices, but why aren't they lower? Link here.