Saturday, July 25, 2015

Three More Hess Wells In Robinson Oil Field, Fretheim / Cvancara With 18 Wells On One Pad; Last Three Wells Drilled; Also,The EN-Abrahamson Wells -- July 25, 2015

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The Hess EN-Fretheim / Cvancara 18-well pad has been updated.

Three more wells placed on the pad; completes this 18-well pad. The last three wells are on confidential list.

When you get to the link, the new "map" is at the top; the legal description and production updates of the three new wells are at the bottom of that post at the link.

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The Hess EN-Abrahamson Wells In Alger

These ten horizontals all run to the north.

31017, PNC, Hess, EN-Abrahamson-155-93-3019H-9, Alger, 2/29/16 (during the Saudi Surge)
27612, 603, Hess, EN-Abrahamson-155-93-3019H-8, Alger, t1/15; cum 137K 6/19;
27611, 530, Hess, EN-Abrahamson-155-93-3019H-7, Alger, t12/14; cum 115K 6/19;
27610, 800, Hess, EN-Abrahamson-155-93-3019H-6, Alger, t1/15; cum 112K 6/19;
27609, 544, Hess, EN-Abrahamson-155-93-3019H-5, Alger, t11/14; cum 111K 6/19;
31016, PNC, Hess, EN-Abrahamson-155-93-3019H-4, Alger, 2/29/16 (during the Saudi Surge)
31015, PNC, Hess, EN-Abrahamson-LE-155-93-3019H-1, Alger, 2/29/16 (during the Saudi Surge)
18838, 424, Hess, EN-Abrahamson-155-93-3019H-1, Alger, t7/10; cum 263K 6/19;
18839, 424, Hess, EN-Abrahamson-155-93-3019H-2, Alger, t10/10; cum 243K 6/19;
18840, 684, Hess, EN-Abrahamson-155-93-3019H-3, Alger, t12/10; cum 307K 6/19;

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Four Strong Winds

Four Strong Winds, Ian and Sylvia

It Just Gets Worse -- July 25, 2015

After losing to 76th-ranked Jamaica, 2 - 1, the US Men's team fell to Panama, 3 - 2, in the Gold Cup consolation round.

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Looking For Work? Looking To Establish A New Business?

If so, look at all the job opportunities in this month's edition of the Bakken Magazine

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Maps For Sale

Wow, this is cool. Look at the maps for sale. Note: I have no association with this website. I first saw it on Facebook. 

As for me, I'm looking for a historical map of Dickinson. Until then, I may place this on my Hanukkah / Eid al-Fitr / Christmas / Vesak / Holiday / Eid al-Adha list.


You Took Me By Surprise, Jessie Colter

Williston's Average Wage Tops $80,000; Beats National Average Of $72,000 -- Dickinson Press -- July 25, 2015

The Dickinson Press is reporting: If looking for work, Williston has never looked better! If looking to establish a business, Williston has never looked better! I was surprised by their story, so upbeat. Look at the numbers, some of which were picked up by The Dickinson Press :
  • taxable sales at record levels (see below); Williston's taxable sales and purchases hit $1 billion 4Q14, six months ago
  • Williston's average annual wage tops $80,000 compared with a national average of $72,000
  • unemployment rate 2nd lowest in the nation
  • 1,700 job openings in Williston -- job openings, not unemployment lines
  • housing still tight, but opening up; opportunity to move out of man camp into city
  • house prices coming down; rents "plunging"
  • minimum starting wage at Wal-Mart: $17 (double Dickinson's minimum wage of $7.25 / hour -- not even a living wage)
  • traffic no longer a problem with all the new bypasses, new highways
  • truck traffic way down now that pipelines are in
  • 925 wells need fracking; oil service companies hiring
  • for the past 5 years, the area has put in 2,000 wells / year; 10,000 new wells; all need servicing
  • more than 1 million bbls of crude oil needs to be moved daily
The Dickinson Press led with a different slant, but finished the article with incredible data points, some of which were noted above.

By the way, there are rumors, that as busy as the Bakken is right now, activity is going to increase at the end of the summer.

If there's any doubt about activity in the Bakken, look at all the job opportunities in this month's edition of the Bakken Magazine

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Taxable Sales, First Quarter For The Past Six Years
1Q10:
  • Williston: $216K 
  • Fargo: $460K
1Q11:
  • Williston: $447K
  • Fargo: $481K
1Q12:
  • Williston: $791K 
  • Fargo: $541K
1Q13:
  • Williston: $790K 
  • Fargo: $543K
1Q14 (city, taxable sales for the quarter, percent change from 1Q10):
  • Williston: $779K (261.0%)
  • Fargo: $563K (22.4%)
1Q15
  • Williston: $703,517,913
  • Fargo: $586,272,823
  • Dickinson: $279,965,591

Two Very Interesting Dots To Connect -- July 25, 2015

Back on July 23, 2015: 80 million bbls of crude oil storage to be added along the Gulf Coast, this year.

Today: US imports of crude oil rising.

Something tells me there are some folks along the coast who are hoping / betting we don't see the end of the ban on crude oil exports any time soon.

Next data point to watch: refining capacity along the coast. Integrated companies are making more money off refined products than off their upstream operations.

Just A Reminder: QEP Fracking In The Grail -- July 25, 2015

Lots of sand; lots of stages:

  • 28931, 2,016, QEP, Foreman 1-2-1BH, 51 stages, 9.8 million lbs, t4/15; cum 34K 5/15;
See also: completions in the Grail.