Oasis Cliff Wells In Willow Creek

Updates

March 27, 2023: Oasis Cliff wells coming back on line; production data updated.

Original Post

The wells:

• 38008, conf, Oasis, Cliff 5300 43-35 6B, Willow Creek, huge well; Willow Creek oil field tracked here and updated;

Date	Oil Runs	MCF Sold
2-2022	34324	42241
1-2022	42563	45523
12-2021	41183	38959
11-2021	33849	37219
10-2021	27515	29209

• 36886, loc-->PNC, Oasis, Cliff Federal 5200 14-5 7BX, Willow Creek;
• 36885, loc-->PNC, Oasis, 
• 36884, loc-->PNC, Oasis, 
• 36883, loc-->PNC, Oasis, Cliff Federal
• 34135, conf, Oasis, Fraser Federal 5300 32-35 6BX, Camp,
  

Date	Oil Runs	MCF Sold
2-2022	15717	32432
1-2022	25478	63842
12-2021	44101	55647
11-2021	151	57578
10-2021	3938	11940

• 34134, loc-->PNC, Oasis, 
• 34133, drl/drl, Oasis, Borden
• 34132, drl/drl, Oasis, Borden
• 34131, drl/drl, Oasis, Borden
• 37916, conf, Oasis, Fraser
  

Date	Oil Runs	MCF Sold
2-2022	19302	11986
1-2022	27136	10657
12-2021	25569	12423
11-2021	55442	27506
10-2021	11755	1845

• 34130, loc-->EXP, Oasis, Borden, 
• 34222, conf, Oasis, Cliff 5300 43-35 4B,
  

Date	Oil Runs	MCF Sold
2-2022	27404	31677
1-2022	33882	31272
12-2021	41656	35003
11-2021	32682	34431
10-2021	19525	21265

• 37266, conf, Oasis, Cliff 5300 43-35 5B,
  

Date	Oil Runs	MCF Sold
2-2022	23946	29946
1-2022	28527	27594
12-2021	33222	28957
11-2021	31236	33305
10-2021	23955	24946

• 34336, conf, Oasis, Wren Federal ..
  

Date	Oil Runs	MCF Sold
2-2022	22253	30899
1-2022	30841	32863
12-2021	29501	20106
11-2021	18906	19296

• 34339, conf, Oasis, Borden ..
  

Date	Oil Runs	MCF Sold
2-2022	36934	43689
1-2022	34720	37230
12-2021	40670	33351
11-2021	24772	2774

• 34338, EXP, Oasis, Borden ..
• 34234, conf, Oasis, Borden ..
  

Date	Oil Runs	MCF Sold
2-2022	35392	45532
1-2022	33238	35377
12-2021	36893	27514
11-2021	30685	30929

• 34235, conf, Oasis, Borden ...
  

Date	Oil Runs	MCF Sold
2-2022	28147	34876
1-2022	31618	31957
12-2021	35633	26714
11-2021	31030	33192

• 34236, conf, Oasis, Borden ....
  

Date	Oil Runs	MCF Sold
2-2022	18435	23716
1-2022	26754	28206
12-2021	28965	20088
11-2021	18989	19598

The graphic;

Other wells of interest:

• 20872, 3,694, Oasis, Borden Federal 5300 24-34H, Willow Creeek, t9/11; cum 389K 2/22; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	2-2022	28	4397	4425	4504	5028	4803	0
BAKKEN	1-2022	31	3593	4158	4657	10249	3385	6684
BAKKEN	12-2021	30	4958	3592	3345	9894	3274	6451
BAKKEN	11-2021	0	0	0	0	0	0	0
BAKKEN	10-2021	0	0	0	0	0	0	0
BAKKEN	9-2021	0	0	0	0	0	0	0
BAKKEN	8-2021	25	744	929	0	1875	821	1024
BAKKEN	7-2021	31	980	911	460	2360	1025	1294
BAKKEN	6-2021	30	935	947	399	2335	1188	847
BAKKEN	5-2021	31	689	908	470	2459	1313	836
BAKKEN	4-2021	30	1397	1299	302	2793	1643	850
BAKKEN	3-2021	31	1283	1277	525	3587	2084	1213
BAKKEN	2-2021	24	1200	1158	397	2981	1714	1027
BAKKEN	1-2021	29	1081	1297	1402	2920	1514	1106
BAKKEN	12-2020	31	1020	855	137	2553	1344	899

Global Warming Wallops North Dakota; Bad News: Price Of Natural Gas Stalls At $6.646 -- Up Only 0.05% -- April 12, 2022

Updates

Later, 2:26 a.m CT: US crude oil production will rise at a slower pace than expected. High costs of drilling and completing well. 

Later, 10:51 a.m.m. CT: is it time for the Biden administration to panic?

• WTI just broke through $101
• Biden said the massive SPR release would drop gasoline prices at the pump by 10 to 25 cents / gallon
• his move this week to authorize E15 will have an even smaller effect at the pump; 
• mostly because folks don't want to put E15 in their tanks -- and I think we've discussed the less energy ethanol-15 actually provides
• later: here it is -- ethanol is more expensive than gasoline on a BTU basis. How is allowing more a more expensive fuel a good way to lower gas prices? I remember traveling cross-country some years ago and filling up with ethanol-laden gasoline and was surprised to see how much worse my mileage was.
  

Later, 10: 41 a.m. CT: when OPEC talks, traders listen:

• Brent: up 6.77%; up $6.67; trading at $105.20
• WTI: up almost 7%; up $6.57; trading at $100.90

Later, 9:56 a.m. CT: WTI just soared through $100 / bbl; up over 6% in early trading

• OPEC says it's not going to meet any Russian shortfall
• the spare capacity story was fake all these years

Original Post

But I'll take the move in the price of oil:

• oil
  
• Brent: up 5.68%; up $5.59; trading at $104.10
• WTI: up 5.60%; up $5.12; trading at $99.41
• administration has run out of arrows in its quiver to affect the price of oil
• maxed out SPR release and that was their last arrow

Grocery note:

• eggs have gotten very expensive over the past few weeks on the back of the avian flu outbreak;
• but now, today, it's even worse: Target's egg supply is getting very, very low;
• I'm keeping up to three times the normal amount of eggs in my refrigerator;

*******************************
Global Warming

Southwest North Dakota less than a week before Easter. This is called a blizzard.

Breaking: Brooklyn, New York, Subway Under Attack -- April 12, 2022

Single suspect fled on foot. 

"Ghost" gun probably not used. 

President Biden needs to ban the use of IEDs in American subways. 

CVX, Apple, PBR, The NBA, And Photo Of The Year? April 12, 2022

Memo to self: USPS first class stamps

• forever stamps, first class, first ounce: 58 cents
• July 10, 2022: 60 cents

Market: due to extreme volatility of the market on the down side, I'm not following the market at all right now. 

But having said that, I checked in on CVX today with jump in oil price. CVX is up over $6 / share today. CVX is still well below its 520-week high. We often don't get these opportunities.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

PBR: increased its dividend; now pays 19.5%. Announced April 5. Record date April 18, 2022; pay date, May 23, 2022. 

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

Refiners: cash machines?

• northern California Chevron refinery: in its third week strike action.
  

Apple: Mac shipments up in 1Q22 amid worldwide PC shipment decline. Link here. 

Apple's worldwide Mac shipments were slightly up in the first quarter of 2022. Apple shipped an estimated 7 million Macs during the quarter, up from 6.5 million in the year-ago quarter, marking 8.6 percent growth.

The sports page:

• playoffs begin
• play-in games begin tonight
• San Antonio Spurs tomorrow night vs Pelicans
• LA Lakers and LeBron James will be watching the playoffs on television or in the stands
• incredibly hard to believe that LA Lakers couldn't place higher than ten other teams in the 15-team league
• six coaches in past eleven years since Phil Jackson departed
• last time they made the playoffs: during the Covid-19 bubble
• Russell Westbrook: highest paid player on the LA Lakers team
• this tells me again just how good Phil Jackson as a coach was

******************************
Photo Of The Year?

No trick photography.

Two-year-old grandson did this on his own. His twin brother watches, probably in amazement.

Natural Gas Price Soaring; Two Wells Coming Off Confidential List -- April 12, 2022

Inflation: March CPI comes in at 8.5% -- much higher than expected a few weeks ago. Highest in 40 years. For the archives.

Pipeline: FERC approves Mountain Valley pipeline; free site but must sign in;

• as for the pipeline, ho-hum; I'll believe it when I see it;
• this says it all:
  

The 2-Bcf/d, 304-mile gas pipeline project is almost complete, but litigation and permitting challenges delayed work on the final pieces. The FERC authorization was conditional pending new approvals from the US Fish and Wildlife Service under the Endangered Species Act, forest crossing authorizations from the US Forest Service and US Bureau of Land Management, and a water crossing permit by the US Army Corps of Engineers. 

There are probably a few other regulators also involved and each of those will likely end up in court.

OPEC+: will struggle to make up Iraqi, Russian production shortfalls. EnergyIntel. 

Vaca Muerta: S&P Global -- Vaca Muerta is finally showing signs of big growth.

• big headline, updates, but not particularly noteworthy
• Vaca Muerta tracked here, linked at the sidebar at the right.
  

LNG: Camerson LNG export terminal expansion; recent update; US terminals tracked here.

• Louisiana
• jointly owned by Sempra, TotalEnergies, Mitsui and Japan LNG
• TotalEnergies to raise capacity
• will expand with a fourth train
• 6.75 million metric tons per annum
• a five-percent increase of the current 13.5 Mtpa first three trains

***************************
Back to the Bakken

Blizzard. 

Bitcoin explosion in the Bakken:

• a non-story;
• Crusoe Energy;
• was an unrelated CNG operation;
• nothing to do with Bitcoin operations
• no injuries.

Active rigs:

$98.28	4/12/2022	04/12/2021	04/12/2020	04/12/2019	04/12/2018
Active Rigs	37	17	36	63	59

Tuesday, April 12, 2022: 25 for the month, 25 for the quarter, 184 for one year

• 38513, conf, CLR, Thorp Federal 3-28H1, Little Knife, no production data,
  
• 38008, conf, Oasis, Cliff 5300 43-35 6B, Willow Creek, huge well; Willow Creek oil field tracked here and updated;
  

RBN Energy: the supply-demand fundamentals are spurring $6-plus natural gas prices.

• Key word: "plus."

Prompt CME/NYMEX Henry Hub natural gas futures prices averaged $4.54/MMBtu this winter, up 67% from $2.73/MMBtu in the winter of 2020-21 and the highest since the winter of 2009-10. Prices have barreled even higher in recent days, despite the onset of the lower-demand shoulder season, with the May contract hitting $6.643/MMBtu on Monday, the highest since November 2008 and up more than $1 from where the April futures contract expired a couple of weeks ago. 

Europe’s push to reduce reliance on Russian natural gas has turned the spotlight on U.S. LNG exports and their role in driving up domestic natural gas prices. However, a closer look at the Lower 48 supply-demand balance this winter vs. last suggests that near-record domestic demand, along with tepid production growth, also played a significant role in drawing down the storage inventory and tightening the balance. Today’s RBN blog breaks down the gas supply-demand factors that shaped the withdrawal season and contributed to the current price environment.

***********************************
Initial Production

The well:

• 38008, conf, Oasis, Cliff 5300 43-35 6B, Willow Creek, huge well;

Date	Oil Runs	MCF Sold
2-2022	34324	42241
1-2022	42563	45523
12-2021	41183	38959
11-2021	33849	37219
10-2021	27515	29209