Wednesday, May 2, 2018

Six Producing Wells (DUCs) Reported As Completed -- Hess -- May 2, 2018

Active rigs:

$67.71→5/2/201805/02/201705/02/201605/02/201505/02/2014
Active Rigs60492986186

Five new permits:
  • Operator: Marathon
  • Field: Reunion Bay (Mountrail)
  • Comments: Marathon has permits for a 5-well pad in SENW 8-150-93 (unusual location for a pad -- in the middle of the section -- but that's because the site is along the river);
One permit renewed: Whiting renewed a Kostelecky permit in Stark County

Three permits canceled: Bruin canceled three Fort Berthold permits, all in Dunn County

Six producing wells completed:
  • 30147, 1,343, Hess, BB-Federal A-151-95-0910H-2, Blue Buttes, t4/18; cum --
  • 30149, 1,632, Hess, BB-Federal A-151-95-0910H-4, Blue Buttes, t4/18; cum --
  • 30150, 1,747, Hess, BB-Federal A-151-95-0910H-5, Blue Buttes, t4/18; cum --
  • 33628, 1,313, Hess, BB-Federal A-151-96-3625H-11, Blue Buttes, t4/18; cum --
  • 33629, 1,712, Hess, BB-Federal A-151-96-3625H-10, Blue Buttes, t4/18; cum --
  • 33630, 1,292, Hess, BB-Federal A-151-96-3625H-9, Blue Buttes, t4/18; cum --

Marathon Reports 1Q18 Results -- Will Be Of Interest To Those Following The Bakken -- May 2, 2018

http://ir.marathonoil.com/news-releases/news-release-details/marathon-oil-reports-first-quarter-2018-results?_ga=2.84787481.1648792417.1525294044-21677148.1525294044.

See this link.

From A Reader -- Much Appreciated -- New Record In The Bakken -- May 2, 2018

Updates

May 18, 2018: see update here.  

Original Post 

From a reader:
Marathon just reported Q1 2018 results. They say that the Arkin well is the largest TF well in basin history as measured by 30-day IP.

From MRO: 
The Arkin well in Hector set a new Williston Basin Three Forks record delivering a 30-day IP oil rate of 3,040 barrels of oil per day (bopd). 
The Company set two new basin Middle Bakken records in West Myrmidon with average 30-day IP rates of 3,470 bopd from the June and Chauncey wells. 
Two additional West Myrmidon wells that came online late in the quarter, the Mark Middle Bakken well and Wilbur Three Forks well, achieved 24-hour IP rates of 10,875 boed and 7,570 boed, respectively, and are not yet at 30 days of production.
http://ir.marathonoil.com/news-releases/news-release-details/marathon-oil-reports-first-quarter-2018-results?_ga=2.84787481.1648792417.1525294044-21677148.1525294044

This is really, really cool. I posted the Arkin well:

Embattled -- ETP -- Effectively Ended -- rovEr -- May 2, 2018

From ArgusMedia:
  • ETP's Rover Pipeline
  • FERC: "go for it"
  • approval to reach full flow rates -- effective immediately
  • connects Appalachian shale gas pipelines in West Virginia to markets in Ohio, Michigan, and Ontario, Canada (yes, shipping NG to Canada; who would have thought?)
  • full flows: 3.25 billion cubic feet / day (about a half-million boepd?)
  • comment: pretty cool; making America great again

Random Update Of CLR's Monroe Well In Banks Oil Field -- May 2, 2018

The CLR Monroe wells are tracked here. 

The well:
March 13, 2018: #30252; after being completed and reported, CLR put it back on conf status; have not seen that before; turned out to be a huge well; 42K in 3/18;
  • 30252, 1,823, CLR, Monroe 9-2H, Banks, t1/18; cum 72K 3/18; 
Full production data to date:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-201830415654193134855720354068931346
BAKKEN2-201812194761885114097354392118914250
BAKKEN1-201891007710123709718417018417
BAKKEN12-20170000000
BAKKEN11-20170000000
BAKKEN10-201728797850000
BAKKEN9-20170000000
BAKKEN8-2017341413117129601296