XTO Fenton Federal With Huge Jump In Production -- September 17, 2018

See graphic at this link: http://themilliondollarway.blogspot.com/2018/09/for-newbies-this-is-happening-all-over.html.

Check out recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2018	31	14319	13919	40157	22050	96	21539
BAKKEN	6-2018	30	4630	4063	33235	7118	721	6068
BAKKEN	5-2018	1	88	0	2035	137	0	129
BAKKEN	4-2018	0	0	0	0	0	0	0
BAKKEN	3-2018	0	0	0	0	0	0	0
BAKKEN	2-2018	0	0	0	0	0	0	0
BAKKEN	1-2018	4	210	243	232	328	278	0
BAKKEN	12-2017	31	1648	1881	767	2776	2396	0
BAKKEN	11-2017	30	1771	1670	591	2259	1913	0
BAKKEN	10-2017	31	1745	1609	726	2783	1623	776

Three Forks, stimulated June 25, 2010: 905K lbs sand (that's less than a million lbs of sand).

• no sundry form to suggest it was re-fracked
• FracFocus with no data to suggest it was re-fracked

Taken off-line for a few months; production jumps from 2,000 bbls/month to 14,000 bbls/month.

There are thousands of Bakken wells that will go through this cycle before it's all over.


The well:

• 17407, 1,273, XTO, Fenton Federal 11X-20, Lost Bridge, t6/09; cum 228K 7/18; 

This one has a great story, but too late tonight. If I remember, I will post the story tomorrow.

Watford City Posts Largest Jump In School Enrollment In History -- Apparently Those Stories Of The End Of The Bakken Boom Were Highly Exaggerated And Premature -- September 17, 2018

Watford City, from myndnow:

"We had to add another section in kindergarten, we have about 191 kindergartners."

"We had to get a bit creative and move the third graders out of our elementary school, so it's a K-2 building now with a 3-6 building along with a 7-12."

All of this has been caused by the biggest-ever single year student population increase in Watford City's history this fall - a jump of almost 300.

 "We're looking at about 1830 students right now. We have capacity of about 1900-2000, so with another good growth year like this year we would definitely have a space situation."

The district is well down the path to adding another building - with plans for a new elementary school expected to be finalized soon. Holen, who is starting his 14th year at the helm of Watford City's schools, has seen student numbers balloon from 512 in 2008, to the 1830 today.

Elenore, The Turtles

Quick! Pop Quiz? -- September 17, 2018

Name the #4 producer in the North Dakota Bakken.

Hint: It's not Fidelity.

For Newbies: Another Example Of The Life-Cycle Of A Bakken Well --

The last sundry form for this well was received by the NDIC on December 21, 2017, reporting a small fire in the surrounding pasture due to a "low-pressure" flare issue. Prior to that, the previous sundry form was received by the NDIC on October 2, 2015.

FracFocus has no data that this well was re-fracked.

The well:

• 20856, 1,349, Whiting, King 3-8H, Traux, t1/12; cum 305K 7/18; 

See if you can spot the "anomaly". LOL. Recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2018	31	8540	8546	7471	23987	8532	15362
BAKKEN	6-2018	30	10012	9987	8389	27691	13719	13882
BAKKEN	5-2018	31	12473	12503	10112	29894	19588	10213
BAKKEN	4-2018	30	15356	15260	12567	34284	22741	11453
BAKKEN	3-2018	31	17483	17738	13003	31691	18580	13018
BAKKEN	2-2018	28	20968	20660	15989	32062	10784	21194
BAKKEN	1-2018	31	25285	25313	25834	22321	7247	14982
BAKKEN	12-2017	31	27369	27409	48318	17428	10464	6872
BAKKEN	11-2017	11	4202	3823	17704	6815	4626	2158
BAKKEN	10-2017	0	0	0	0	0	0	0
BAKKEN	9-2017	24	899	1004	454	1862	1787	3
BAKKEN	8-2017	31	1327	1351	583	2657	2564	0
BAKKEN	7-2017	31	1089	1009	589	2636	2543	0

Production data after initial (and only frack):

BAKKEN	8-2012	31	5797	6000	3716	9237	6914	2232
BAKKEN	7-2012	2	159	324	233	317	80	231
BAKKEN	6-2012	30	6043	6051	3160	14317	8775	5452
BAKKEN	5-2012	22	5884	6231	3102	12342	4653	7623
BAKKEN	4-2012	21	6807	5819	5297	13750	4537	9150
BAKKEN	3-2012	14	3596	3940	2390	7865	1991	5832
BAKKEN	2-2012	29	15195	15089	12620	31430	6269	25074
BAKKEN	1-2012	2	528	0	2374	831	0	828

The graphic:

Other wells in this graphic:

• I might come back to this later.

There are tens of thousands of these wells yet to be reported.

Federal Income Taxes -- Looking Ahead To 2018

In 2017, our standard deduction was $15,200 and our "exemption" was $8,100. It is my understanding that in 2018, our standard deduction will go to 24,000, plus an additional $1,300 for each spouse over the age of 65 or blind, but the "exemption" will "go away."

$23,300 (2017) vs $26,600 (2018).  What's not to like. Thank you, Mr Trump.

I'm not going to compare the new tax brackets; let me be surprised. LOL.

One can download draft examples of the new "1040." It is' almost postcard-size. LOL.

If the Dems take both houses of Congress this autumn, one can assume the tax form will get much, much simpler. The Dems will eliminate all that nonsense between "list your income" and "how much you owe us."

Wheel, Jerry Jeff Walker