Wells Coming Off Confidential List Later In The Week -- June 21, 2017

Friday, June 23, 2017

• 24228, SI/NC, XTO, Nygaard Federal 13X-5E, Lost Bridge, no production data,
• 31754, 762, CLR, Maryland 3-16H, Catwalk, 38 stages, 17.3 million lbs, t12/16; cum 74K 4/17;
• 31755, 213, CLR, Maryland 4-16H1, Catwalk, Three Forks 1st bench, 38 stages, 11.4 million lbs, t12/16; cum 25K 4/17;
• 32439, 586, Nine Point Energy, Little Muddy 19H, Williston, 31 stages, 4 million lbs, t1/17; cum 47K 4/17;

Thursday, June 22, 2017

• 26430, 1,002, WPX, Beaks 36-35HX, Mandaree, Three Forks, 61 stages, 6.1 million lbs; t4/17; cum 17K 4/17;
• 32017, 901, Oasis, Rolfson S 5198 14-29 12B, Siverston, 50 stages, 4.1 million lbs, t12/16; cum 144K 4/17;
• 32920, SI/NC, XTO, Nygaard Federal 13X-5EXH, Lost Bridge, no production data,

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32017, see above, Oasis, Rolfson S 5198 14-29 12B, Siverston:

Date	Oil Runs	MCF Sold
4-2017	27955	50545
3-2017	33645	69729
2-2017	37741	65496
1-2017	37119	66788
12-2016	7190	11443

26430, see above, WPX, Beaks 36-35HX, Mandaree:

te	Oil Runs	MCF Sold
4-2017	16863	7774

 32439, see above, Nine Point Energy, Little Muddy 19H, Williston:

Date	Oil Runs	MCF Sold
4-2017	14232	4208
3-2017	9738	0
1-2017	18220	0
12-2016	4929	0

31755, see above, CLR, Maryland 4-16H1, Catwalk:

Date	Oil Runs	MCF Sold
4-2017	3320	6199
3-2017	3825	8325
2-2017	6937	7263
1-2017	9451	8458
12-2016	1111	547

31754, see above, CLR, Maryland 3-16H, Catwalk:

Date	Oil Runs	MCF Sold
4-2017	14815	15358
3-2017	19831	19532
2-2017	12904	13937
1-2017	21036	22207
12-2016	4869	5084

The Never-Ending Story, President Obama's Clean Coal Legacy -- June 21, 2017

Throwing in the towel. Pretty funny. This story is tracked here.

After years of delays and billions of dollars in cost overruns, Mississippi regulators on Wednesday called on Southern to work on a deal that would have the Kemper plant fueled only by gas.

The state Public Service Commission said in a statement that it’s looking for a solution that eliminates the risk to ratepayers “for unproven technology,” which involved converting coal into gas and capturing emissions.

If I remember correctly, this was one of President Obama's pet projects (yes, see below, "from wiki." Add this to ObamaCare, ISIS, and "we can't just drill our way to lower gasoline prices." What a doofus.

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From Wiki

The never-ending story:

The Kemper Project, also called the Kemper County energy facility, is a coal-fired electrical generating station currently under construction in Kemper County, Mississippi. Mississippi Power, a subsidiary of Southern Company, began construction of the plant in 2010.

The project was central to President Obama's Climate Plan, as it was to be based on "clean coal" and was being considered for more support from the Congress and the incoming Trump Administration in late 2016.

Once operational, the Kemper Project will be a first-of-its-kind electricity plant to employ gasification and carbon capture technologies at this scale. [Nope: it's a boondoggle gone wrong and will simply become one of a gazillion natural gas plants in the US.]

Project management problems have been noted at the Kemper Project.
The power plant was estimated to be in service by May 2014, at a cost of $2.4 billion. As of May 2017, the project was still not in service, and the cost had increased to $7.3 billion.

According to a Sierra Club analysis, Kemper is the most expensive power plant ever built, based on the watts of electricity it will generate.

Can't wait to see how Wiki edits this a year from now to make it "politically correct."

Yup, add this to the Obama legacy. This will end up lost in the dustbin of history. At most, it will be a footnote in the chapter on "Energy During The Obama Era." LOL.

Whiting With Six New Permits; CLR With Problematic Well -- June 21, 2017

Active rigs:

$42.56	6/21/2017	06/21/2016	06/21/2015	06/21/2014	06/21/2013
Active Rigs	59	27	77	189	189

Six new permits:

• Operator: Whiting
• Field: Stockyard Creek (Williams); Epping Creek (Williams)
  Comments: Whiting has permits for a 6-well pad in Lot 1 section 5-154-99 (NWNW quadrant), Epping oil field/Stockyard Creek -- see below (Stockyard Creek to the south; Epping oil field to the north)

One producing well (DUC) reported as completed:

• 28802, 190, CLR, Florida Federal 5-11H, middle Bakken, Camp, t3/17; cum 4/17; stimulated 16 of 45 zones for this well. Will resume operations when plug & guns are fished out of this well. Well not producing. 

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See new permits above:

P Bibler wells are tracked here.

• 29696, 2,645, P Bibler 155-99-16-31-7-16H3A, Stockyard Creek, 4 sections, t9/15; cum 165K 4/17;
• 29695, 2,312, P Bibler 155-99-16-31-8-13H, Stockyard Creek, 2 sections, t9/15; cum 213K 4/17;

• 188890, 721, 20711 Springbrook 58 1H, Stockyard Creek, 2 sections, t8/11; cum 345K 4/17;

• 31685, 1,714, P Bibler 155-99-3-5-8-14H3, Stockyard Creek, 2 sections, t8/16; cum 125K 4/17;
• 31686, 1,957, P Bibler 155-99-3-5-8-14H, Stockyard Creek, 2 sections, t8/16; cum 170K 4/17;

• 23113, 1,896, P Bibler 155-99-1-5-8-15H, Stockyard Creek, 2 sections, 5/13; cum 279K 4/17;
• 23112, 1,991, P Bibler 155-99-1-5-8-16H3, Stockyard Creek, 2 sections, 5/13; cum 212K 4/17;

• 33677, loc, Flint 41-5-6H, Epping,
• 33676, loc, Bibler Federal 41-5-6H, Stockyard Creek,
• 33675, loc, Flint 41-5-6TFHU, Epping,
• 33674, loc, Flint 41-5-1HU, Epping,
• 33673, loc, Bibler Federal 41-5-6TFHU, Stockyard Creek,
• 33672, loc, Bibler Federal 41-5-1HU, Stockyard Creek,

So, What's Eagle Ford Acreage Worth These Days? -- June 21, 2017

Data points from Zacks:

• Sanchez Energy
• Eagle Ford Shale Marquis
• divests 21,000 net acres in Fayette and Lavaca counties, TX
• $50 million 

Back-of-the-envelope: $2,380/net acre

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North Dakota Land Lease Sales

It appears the North Dakota Department of Trust Lands has changed their URL. I have updated the new URLs at the appropriate spots on the blog (although I haven't updated past posts -- and doubt that I will get around to that any time soon). It looks like the URL was changed after the May, 2017, lease.

The new links:

Minerals Management: Lease Sales

• Latest Lease Sale Results

The most recent ND lease auction was May, 2017, and summary of results posted here.

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Watching a Train Wreck in Slow Motion

A reminder: it was a Democrat, a chief architect of ObamaCare, who first called ObamaCare, the finished product, a "train wreck." Senator Baucus retired soon after that. 

Today it is being reported that two more ObamaCare railcars left the track: health insurer Anthem will pull out of two more state ObamaCare markets as it shrinks its participation in the law, the latest such pullout by an insurer as companies finalize their coverage offerings for next year. The two states: Indiana and Wisconsin -- both voted for Trump in the 2016 election. Wisconsin, in fact, was one of three states that sealed the deal for Trump. Hillary says the Russians removed Wisconsin from her Rand McNally map app and she completely forgot to campaign in that state.

MDWise is also pulling out of Indiana.

Is anyone keeping track of the states that the major health insurers have exited? I'm trying to keep up but I'm sure I've missed a few.

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The Trump Derangement Syndrome Page

I no longer subscribe to The New Yorker. I canceled my subscription during the 2016 presidential campaign when it was clear that The New Yorker had simply become a city magazine, and a mouthpiece for Hillary, and then morphed into a place where writers could vent, decompress, and openly weep. Many see this as simply another manifestation as the Trump Derangement Syndrome. 

I assume that the American Psychiatric Association will eventually get around to classifying TDS as a legitimate mental health disorder, giving it a DSM designation when they update the current fifth edition, the DSM-5. Once an individual meets the criteria of TDS, he/she/it will be eligible for social security disability. 

Manifestations of TDS in the current issue of The New Yorker:

• front cover: caricature of Donald Trump attempting to remove gears from a well-oiled US manufacturing military-industrial complex (I thought we were done with cover caricatures of POTUS -- after all, it's been almost a year)
• talk of the town: of course, it's about James Comey, who is now Hillary's best friend
• shouts and murmurs, attempt at humor: Jared and Ivanka's guide to mindful marriage -- Jared and Ivanka? Wow, the editors really do manifest TDS
• book review: are the US and China on a collision course? Of all the great new books out there, this is the one they chose to feature?
• what few articles there were that did not focus on Trump were not worth reading, which meant, of course, you went back to the articles on Trump, a classic feature of TDS-affected editors

On another note, my 30-second elevator speech when asked about Obama's legacy:

• ObamaCare: took eight months to write; eight years to fail
• the rise of ISIS: all agree -- perhaps the greatest foreign policy failure since December 7, 1941
• science: we can't just drill our way to lower gasoline prices 
• BLM: and we're not talking about the Bureau of Land Management (by the way, where is the Black Lives Matter movement these days?)

The Oasis Shepherd And Andre Shepherd Wells

Production updated 10/20.

The wells:

• 27817, 1,170, Oasis, Andre Shepherd 5501 21-5 3T, Missouri Ridge, 32 stages, 4.1 million lbs, t11/14; cum 160K 10/20;
  
• 27818, 1,215, Oasis, Andre Shepherd 5501 21-5 4T, Missouri Ridge, 32 stages, 4 million lbs, t11/14; cum 124K 10/20;  off line 4/20; remains off line 5/20; back on line 8/20;
  
• 27819, 77, Oasis, Andre Shepherd 5501 21-5 5T, t12/14; cum 107K 10/20; off line 4/20; remains off line 5/20; back on line 10/20;
  

• 27803, 425, Oasis, Andre Shepherd 5501 14-7 1T, Missouri Ridge, 32 stages, 4 million lbs, t1/15; cum 92K 4/20; off line 4/20; remains off line 10/20;
  
• 27802, 438, Oasis, Andre Shepherd 5501 14-7 2T, Missouri Ridge, 32 stages, 1 million lbs, t12/14; cum 98K 5/20; starting to come back on line 10/20;
  

• 27613, TATD, Oasis, Andre Shepherd 5501 31-8 6T, 
• 27614, 1,049, Oasis, Andre Shepherd 5501 31-8 7T, t12/14; cum 111K 10/20; off line 4/20; remains off line 5/20; back on line 7/20;
  
• 27615, 589, Oasis, Andre Shepherd 5501 31-8 8T, t12/14; cum 99K 1/20; off line 1/20; remains off line 10/20;
  

• 28051, 1,412, Oasis, Andre Shepherd 5501 14-5 4B, Missouri Ridge, 32 stages, 3.9 million lbs, t12/14; cum 175K 10/20; off line 4/20; remains off line 5/20; back on line 7/20;