Random Update Of BR's Midnight Run 21-1TFH -- July 5, 2018

This page will not be updated. The well:

• 20324, 1,963, BR, Midnight Run 21-1TFH, Union Center, t12/11; cum 211K 5/18; look at the production jump in 5/18; API - 33-053-03439; no frack since 2011; note huge production jump which would suggest a re-frack, but FracFocus has no data for a re-frack:

The BR Midnight Run wells are tracked here. 

Monthly Production Data:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2018	31	16918	16733	10477	28121	28044	0
BAKKEN	4-2018	30	2189	1996	2010	2521	2447	0
BAKKEN	3-2018	0	0	0	0	0	0	0
BAKKEN	2-2018	0	0	0	0	0	0	0
BAKKEN	1-2018	0	0	0	0	0	0	0
BAKKEN	12-2017	0	0	0	0	0	0	0
BAKKEN	11-2017	10	267	567	11	754	729	0
BAKKEN	10-2017	30	1949	1987	444	4906	4832	0
BAKKEN	9-2017	19	1450	1102	617	3196	3150	0

The graphic, note the heel-to-toe and the toe-to-heel configuration, something I opined about years ago:

Wells in this graphic:

Running north from the south --

• 31317, 157, BR, Midnight Run 2-8-12MTFH, Union Center, t3/18; cum 39K after 41 days;
• 31318, 133, BR, Midnight Run 3-8-12MBH, Union Center, t3/18; cum 37K after 40 days;
• 31319, 448, BR, Midnight Run 4-8-12MTFH, Union Center, t3/18; cum --

Running south from the north --

• 24537, 2,842, BR, Midnight Norse 11-1MBH-ULW, Union Center, t5/13; cum 313K 5/18; nice jump in production;
• 22675, 2,640, BR, Midnight Run 11-1TFH, Union Center, t10/12; cum 272K 5/18; nice jump in production;
• 20323, 3,325, BR, Midnight Run 11-1MBH, Union Center, t12/11; cum 345K 5/18; huge jump in production;
• 20324, 1,963, BR, Midnight Run 12-1TFH, Union Center, t12/11; cum 211K 5/18; huge jump in production;
• 20325, 2,846, BR, Midnight Run 21-1MBH, Union Center, t12/11; cum 287K 5/18; off-line since 12/17;
• 20326, 2,083, BR, Midnight Run 13-1TFH, Union Center, t12/11; cum 302K 5/18; nice jump in production;
• 17421, 544, BR, Midnight Run 41-1H, Union Center, t11/08; cum 421K 5/18; 
• 20327, 2,443, BR, Midnight Run 41-1TFH, Union Center, t12/11; cum 292K 5/18;

For The Archives: The Dow And North Dakota Pottery -- July 5, 2018

Dow: I must have missed it. I knew Walgreens Boots Alliance, Inc, was going to replace GE in the Dow 30 but didn't catch the day when it happened. I now see that the change has taken place.

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The Pottery Page

I thought I had posted this some years ago, but could not find it. I may not have posted it.

For the archives, from wiki:

North Dakota in the United States has been the scene of modern era pottery production using North Dakota clays since the early 1900s.

In 1892 a study was published by Earle Babcock, a chemistry instructor at the University of North Dakota (UND) that reported on the superior qualities of some of the North Dakota clays for pottery production. The UND School of Mines began operations in 1898 with Earle Babcock as director. With the assistance of several eastern potteries, pottery made from North Dakota clay was first displayed at the 1904 St. Louis World's Fair.

From this beginning, a Ceramics Department was founded at the University and a talented potter, Margaret Kelly Cable, was hired as its director.

The university trained many of the people later involved in other pottery ventures within the state.

These include Charles Grantier who worked at Dickinson Clay Products Company (Dickota) and later served as state director of the WPA Ceramics Project. Laura Taylor (Hughes) preceded Charles Grantier as state director at WPA and later became a partner in the Wahpeton Pottery Company (Rosemeade) which operated from 1940 until 1961. The WPA project was active first in Dickinson, North Dakota and then in Mandan, North Dakota from 1936 until 1942.

The Political Page, T+35 -- July 5, 2018 -- Trump's Second Season

This is really, really cool.

On March 13, 2018, I responded to the assertion by the "mainstream media," that the White House was in turmoil, in chaos, out of control. Not at all. This is what I wrote at that post:

No matter what side of the political aisle you are on, one has to admit this is the most fascinating administration we've seen in some time. I'm glad I lived long enough to see it.

One has to really get a kick out of Trump's White House. It was often suggested that Ronald Reagan thought he was playing a character on the big screen.

Trump? The White House is his sequel to "The Apprentice" and we've just seen the conclusion of the first season. Throughout the first season one question of many: would Tillerson remain for the second season? LOL.

The second season begins without Tillerson. Iran? Not happy. Russia? Not happy. My wife? Thrilled. Two out of three ain't bad.

The first season was quite a roller coaster of folks coming and going in the West Wing, and I'm not talking about visitors.

Also, note the graphic at that post:

Too cool!

So, we are into "Season 2 of the Trump presidency. Some called it the "Apprentice, Season 2." Now, the Drudge Report suggests it is "Survivor, Season 2."

We've already seen quite a changeover from Season 1 to Season 2, so the Drudge graphic is already a bit behind. But the "x" is on the EPA chief Scott Pruitt.

The alt-left will consider this a huge victory.

Maybe, maybe not. I don't know. We will see how this plays out.

But consider:

The heavy lifting over at the EPA has been accomplished, and it was accomplished by Scott Pruitt.

It's not unusual in the business world that once goals are met, the CEO is sacked/replaced. Sometimes it's deserved; sometimes it's not. But then the corporation brings in another CEO who wants to prove herself up to the task.

But consider:

Trump's popularity ain't bad. His polling consistently compares favorably (or better) than Bush II or Obama at the same point in their presidencies. But Trump's team is moving into the mid-terms. Time to get rid of those who are dragging down his numbers; time to get rid of the lightning rods that are attracting unneeded attention.

But consider:

Trump is now starting to put together the team he will need to go into the mid-terms. And what a huge stroke of luck to get a Supreme Court pick just before the election. Even if his first selection is a sacrificial lamb who does not confirmed, one can guarantee his first choice, whether she is confirmed or not, will solidify his base. In fact, one can see a scenario in which his polling markedly improves if his first choice is not confirmed.

It will be interesting to read the obits in conservative media on Scott Pruitt's short tenure as EPA chief.

Bottom line: a month from now, probably sooner, the press will forget all about Scott, and one less issue with which the Trump team has to deal.

The heavy lifting was done. Some, not many, of his policies may be overturned by his successor. That's fine. The tone over at the EPA has changed for the better.

My hunch: the president, his chief of staff, Pruitt's team and a bunch of other folks put together a list of pros and cons on the proverbial yellow legal tab and came up with the right answer.

Random Update, Petro-Hunt, A Charlson USA Well -- July 5, 2018

Updates

August 11, 2019: the graphic in the original post has been updated --

The six "new" wells to the east (note that the #32533 horizontal does not show up on the map):

• 32533, 946, Petro-Hunt, USA 153-95-4B-9-4H, Charlson, t1/19; cum 208K 9/19;
• 32532, 586, Petro-Hunt, USA 153-95-4B-9-5H, Charlson, t1/19; cum 105K 9/19;
• 32531, 1,134, Petro-Hunt, USA 153-95-4B-9-6H, Charlson, t1/19; cum 253K 9/19;
• 32530, 308, Petro-Hunt, USA 153-95-4B-9-7H, Charlson, t1/19; cum 192K 9/19;
• 32529, 1,201, Petro-Hunt, USA 153-95-4B-9-8H, Charlson, t1/19; cum 191K 9/19;
• 33905, 1,219, Petro-Hunt, USA 153-95-4B-9A-1HS, Charlson, t10/18; cum 181K 9/19;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	6-2019	7	3264	3113	1244	4368	0	4368
BAKKEN	5-2019	30	14648	14810	5780	19499	0	19374
BAKKEN	4-2019	30	17420	17381	6208	22927	0	22718
BAKKEN	3-2019	31	20336	20180	7098	30082	0	29866
BAKKEN	2-2019	28	19042	19075	6461	29312	0	29137
BAKKEN	1-2019	31	29206	29189	8488	42501	0	42285
BAKKEN	12-2018	31	30839	30973	7503	44394	0	44179
BAKKEN	11-2018	1	87	271	0	1	0	0
BAKKEN	10-2018	11	12080	11472	1805	7493	0	7416

Original Post

 

Petro-Hunt Charlson USA wells in 154-94-13 are tracked here.

The Petro-Hunt Charlson USA wells at this post are in 153-95-4.

The Petro-Hunt Charlson USA wells are always interesting. Take a look at this one:

• 27208, 2,262, Petro-Hunt USA 153-95-4B-8-2HS, t12/14; cum 630K 9/19; producing 5,000 bbls/month (6/19); not on a pump as of 5/18; now on a pump (noted 6/19);

Now look at the production profile, look at the jump in production, 9/17; it was off-line for less than a month. A well from the south (#30685, USA 153-95-9C-4-3H, was tested 8/17 which corresponds with the jump in production below).
Monthly Production Data:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2018	31	9702	9493	3503	23476	23168	92
BAKKEN	4-2018	30	9603	9789	4073	23102	22075	818
BAKKEN	3-2018	31	11137	11215	3578	25090	24874	0
BAKKEN	2-2018	28	10815	10760	3632	22717	21980	542
BAKKEN	1-2018	31	12081	12092	3947	23406	23190	0
BAKKEN	12-2017	31	12802	12759	3467	22487	22271	0
BAKKEN	11-2017	30	13347	13333	3473	24488	10475	13804
BAKKEN	10-2017	31	15604	15618	3143	27292	0	27076
BAKKEN	9-2017	30	14613	14131	2552	23480	0	23299
BAKKEN	8-2017	3	554	914	117	2110	2089	0
BAKKEN	7-2017	31	5740	5789	1252	20515	20299	0
BAKKEN	6-2017	30	6092	6129	1372	20436	19751	476
BAKKEN	5-2017	31	5926	5669	1350	19643	6863	12564
BAKKEN	4-2017	30	9192	9240	1415	20129	19920	0

The graphic:

Other wells in that graphic:

• 27208, 2,262, Petro-Hunt, USA 153-95-4B-8-2HS, Charlson, t12/14; cum 630K 9/19; huge jump in 9/17;
• 27918, 1,167, Petro-Hunt, USA 153-95-4B-8-1HS, Charlson, t12/14; cum 338K 9/19; huge jump in 9/17;
• 20342, 1,430, Petro-Hunt, USA 153-95-4B-8-1H, Charlson, t11/11; cum 1.026493 million bbls 919; huge jump in 9/17; closing in on one million bbls cumulative (858,278 bo + 1,283,115 MCF = 858,278 + 213,817 boe = 1.07 million boe in less than seven years; Bakken wells will produce for 30+ years

• 30685, from the south, running north, 1,380, Petro-Hunt, USA 153-95-9C-4-3H, Charlson, t8/17; cum 281K 9/19; huge jump in 9/17; off line 6/19; returns to production, 9/19;
  

• 11983, 60/220 (Bakken/Silurian); from the Bakken only (Silurian is now PNA), Petro-Hunt, USA 5D-4-4HR, Charlson, t5/08; cum 212K 9/19;

Finally! Two More DUCs Reported As Completed -- July 5, 2018

Wow! WTI, Brent, and OPEC basket all down about 1% to 1.5% at the close after being up a bit earlier in the day. Some say that "Trump's tweets: drove the decline; others say that Saudi Arabia lost market share when they raised prices; now Saudi Arabia will cut prices to try to grab market share. Either way, this is bad news for Saudi Arabia. See Saudi's most recent foreign reserve assets -- a decline despite rising prices; and now, Saudi says they will lower prices.

Disclaimer: this is not an investment site. 

Sweet spot? Is this not the sweet spot for diversified investors with a slight overweighting in oil? Anything over $55/bbl is huge for the oil companies. If oil goes too high, the economy slows. So a pullback to the high-60's is just fine. The only fly in the ointment? The anxiety over tariffs. Buying opportunity.

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Back to the Bakken

Active rigs:

$73.12↓↓	7/5/2018	07/05/2017	07/05/2016	07/05/2015	07/05/2014
Active Rigs	65	57	31	76	191

Seven new permits: 

• Operators: Oasis (4); Liberty Resources (2); Resonance Exploration
• Fields: Banks (McKenzie); Kittleson Slough (Mountrail); Serges (Bottineau)
• Comments: Oasis has permits for a 4-well Kellogg Federal pad in NENW 30-152-97;

One permit canceled: Hess, En-Weyrauch B well in Mountrail County 

Two producing wells completed:

• 32267, 215, BR, CCU Pacific Express 22-19 MBH, Corral Creek, t5/18; cum --
• 32268, 238, BR, CCU Pacific Express 22-19 TFH, Corral Creek, t5/18; cum -- 

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"How Big Is North Dakota, Any Way?"

When I travel cross country and tell folks where I am from, the #1 question is, "where is North Dakota?" or, the variant, "Is North Dakota in Canada?"

The second most oft-asked question is, "how big is North Dakota any way?"

For those who need to know: