Sunday, January 9, 2022

This Is Pretty Cool. Last Month I Noted A Great MRO Well Taken Off Line; Today It's Back On Line -- January 9, 2022

The well that is now back on line:

  • 28075, 3,255, MRO, Anthony USA 23-14H, Moccasin Creek, t2/15; cum 492K 3/20; went off line 2/21; cum 513K 1/21;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-2021118658605062222000
BAKKEN10-20210000000
BAKKEN9-20210000000
BAKKEN8-20210000000
BAKKEN7-20210000000
BAKKEN6-20210000000
BAKKEN5-2021001590000
BAKKEN4-20210000000
BAKKEN3-20210000000
BAKKEN2-2021150952418100
BAKKEN1-2021313413363513391787138623
BAKKEN12-2020313945389213851767123760

Let's look at the pad: a 12-well (8/4) pad in a fan-shaped pattern, south of a two-well pad, only #20642 of interest in this case:

  • 20644, 1,221, MRO, Good Bear USA 31-14H, Moccasin Creek, t12/11; cum 257K 11/21; was off line 2/21 - 4/21 but o/w nothing of interest;
  • 20642, 1,137, MRO, Good Bear USA 21-14H, Moccasin Creek, t10/11; cum 416K 11/21; was off line 2/21 - 4/21, as was the other one, but o/w nothing of interest; 

But let's look at the older 4-well pad on the larger 12-well pad:

  • 28076, 3,255, MRO, Hale USA 23-14TFH, Moccasin Creek, t2/15; cum 303K 11/21; was off line 2/21 - 10/21; back on line 11/21;
  • 28075, see above,
  • 24744, 2,715, MRO, Fox USA 14-1H, Moccasin Creek, t1/15; cum 512K 11/21; was off line 11/20 - 10/21; (almost a year); after coming back on line:
PoolDateDaysBBLS OilRunsBBLS WaterMCF Prod
Vent/Flare
BAKKEN11-202130135701359790309988640
BAKKEN10-2021311825518013196461175710532602
BAKKEN9-20211141325962
BAKKEN8-2021000000
  • 24745, 1,916, MRO, Melvain Fox USA 14-4TFH, Moccasin Creek, t2/15; cum 584K 11/21; was off line 2/21 - 10/21; (almost a year); after coming back on line:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-2021203688366519808159014930
BAKKEN10-20210000000
BAKKEN9-20210000000
BAKKEN8-20210000000
BAKKEN7-20210000000
BAKKEN6-20210000000
BAKKEN5-2021001250000
BAKKEN4-20210000000
BAKKEN3-20210000000
BAKKEN2-202113777291270
BAKKEN1-2021312760289318171691131221
BAKKEN12-2020312766274518512305181288
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Halo Effect: We Now Know Which Way The FBIR Johnson Wells Run (East-To-West) -- January 9, 2022

Now that the Rimrock FBIR Johnson wells have come off confidential status we know which way the horizontals are running.

And, whoo-hoo, I was correct; they run east to west: all of section 11; east half of section 10 and west half of section 12: 1280-acre spacing, one full section plus two halves of adjoining sections.

These wells are tracked here.

Of interest was the effect these east-to-west horizontals would have on the following north-to-south wells:

  • 19696, not taken off line, jump in production; see below.
  • 24131, not take off line; slight jump in production; see below.
  • 24132, recently off line; maybe slight jump in production;
  • 24130, not taken off line; production a bit down, if anything.
  • 20417, taken off line; back on line; not jump in production.

Previously producing wells affected by new wells:

  • 24131:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-202126182517342284133711490
BAKKEN10-2021271212120419878846930
BAKKEN9-20213087585632417415330
BAKKEN8-20213110031050149610998680
BAKKEN7-20213191088013619877620
BAKKEN6-20213081684212629827600
BAKKEN5-20213181182314148278270
  • 19696:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-2021261860186415359878100
BAKKEN10-20213126392503646161813990
BAKKEN9-2021245385084645563870
BAKKEN8-2021312953131055843540
BAKKEN7-2021313073002156293980

The interesting thing: the new wells were perforated / fracked west of the producing wells running south from that four-well pad.

The graphic:

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CLR Harrisburg Wells On Indian Hill Are Starting To Produce -- January 9, 2022

The new CLR Harrisburg wells on Indian Hill just south of Williston on the other side of the river are now starting to show production. These wells are tracked here. 

This is a typical new Harrisburg well:

  • 37658, conf, CLR, Harrisburg 5-27H, Indian Hill, first full month production, 22K 11/21; t--; cum 22K 11/21;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20212622474223233514517795174660
BAKKEN10-202146956952247101080
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Sunday Morning Coming Down -- January 9, 2022

Taxes:

  • disclaimer: this is not financial advice or tax advice; I have no formal background in financial planning or taxes; I often misread things and misunderstand things. This is for my benefit only. The only benefit, I suppose, for readers, is to remind them that "things have changed."
  • "too late" to do much about 2021, now
    • one exception: grace period until April 1, 2022, for first time IRA RMDs
  • looking forward, RMDs for 2022: IRS has published changes; tables and links explaining some of these changes for those who find the IRS publications difficult to interpret:

Link here.

The finalized rules go into effect on January 1, 2022. This rule change is in addition to the CARES Act waiving 2020 RMDs, the SECURE Act increasing the RMD age to 72, and new post-death distribution rules. RMD rules don't apply to Roth IRAs and any amounts in Health Savings Accounts (HSAs).
Other links:
Europe: energy crisis. Germany goverment addresses spiralling energy prices. Link to Reuters. Lots of talk, little action.
  • half of German households heat with natural gas;
  • one-fourth of German households heat with heating oil;
  • when we lived on the economy in German back in the 1980s, we heated with heating oil; incredibly ridiculous then; more so now;

US: Covid-19 -- US distributes a whopping, unprecedented record-setting amount of vaccine doses. and then this:

Jargon: Lateral flow tests; what are they?

OPEC: reserves. Interesting how the same data is viewed by different folks. 


US energy dominance, 2022 theme, link here. Wow, wow, I'm glad I didn't write this ... just think, from the tweet below, "the US exported 18.6 billion bbls of oil per day....."

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Initial Production Data For Wells Coming Off Confidential List This Next Week -- January 9, 2022

The wells:

  • 38357, conf,  CLR, Dolezal FIU 8-5H1, Chimney Butte, no production data,
  • 38338, conf,  Resonance Exploration, Resonance Fylling 12-36H, West Roth, no production data,
  • 38263, conf,  CLR, Pletan 9-18H1, Jim Creek, no production data,
  • 38076, conf, Slawson, Muskrat Federal 7-28-33TFH, Big Bend, no production data,
  • 38075, conf, Slawson, Muskrat Federal 6-28-33TFH, Big Bend, no production data,
  • 38358, conf, CLR, Dolezal FIU 7-5H, Chimney Butte, no production data,
  • 38320, conf, CLR, Dvirnak 11-7H, Jim Creek, no production data,
  • 37447, conf, Koda Resources, Porter 2635-1BH, Bar Butte,
DateOil RunsMCF Sold
11-2021142737031
10-202112983774
9-2021116020
8-20213880
  • 38396, conf, CLR, Dvirnak 10-7HSL1, Corral Creek, no production data, 
  • 37233, conf, Bruin, Wm Polar 157-101-24D-13-3B, Otter,
DateOil RunsMCF Sold
11-202182526628
10-2021119719248
9-202188338023
8-2021121557348
7-20211726716073
  • 37132, conf, Hess, BL-Frisinger-LE-156-95-2804H-1, Beaver Lodge,
DateOil RunsMCF Sold
11-20212248240240
10-20211869630056
9-20213054544549
8-2021210939
7-2021225137228
  • 38395, conf, CLR, Pletan 8-18HSL, Jim Creek, no production data, 
  • 37337, conf, Whiting, Miller 44-10HU, Sanish,
DateOil RunsMCF Sold
11-20212247725701
10-20212185621446
9-20212208718218
8-202156884650
7-202127530
  • 38323, conf, Petro-Hunt, Tomlinson 161-100-2A-11-2H, Alexandria,
DateOil RunsMCF Sold
11-202143302383
10-202117576
  • 37129, conf, Hess, BL-Frisinger-156-9502833H-3, Beaver Lodge,
DateOil RunsMCF Sold
11-20211158927485
10-20211482124815
9-20211667827687
8-20211496912273
7-2021272809549
  • 37234, conf, Bruin, Wm Polar 157-101-24C-13-7B, Otter,
DateOil RunsMCF Sold
11-20211300510378
10-2021112549306
9-2021106208827
8-2021152119520
7-202162653716
  • 38351, conf, Resonance Exploration, Resonance Wilmot 8-27H, South Westhope,
DateOil RunsMCF Sold
11-20214160
10-202120070
9-20218280
  • 37002, conf, CLR, LCU Reckitt Federal 5-22H1, Long Creek, no production data,
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