Tuesday, November 20, 2018

Random Update On CLR's Plan To Unitize Long Creek -- November 20, 2018

A reader wrote to tell me that he has received paperwork from CLR regarding Long Creek unitization. Needs mineral owner approval. In the December, 2018, hearing dockets:
CLR and the Long Creek development, 56 more wells in the unit. All owners received a load of papers from CLR. We will all get a new decimal interest when they start and share from all wells in the unitized area.
Long Creek is about eight miles east-southeast of Williston:

Photos from the reader:



Long Creek is tracked here, but it has not been updated in a very, very long time.

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The Literature Page

As noted, the Bible is one of the books I am now reading for history and literary reasons. I will limit myself to the Hebrew Bible, the Pentateuch, the Torah for now.

Back in 2012, I read a biography of the bible, by Karen Armstrong, Notes are here. I am now carrying that small book in my backpack and will re-read it and update the notes now that I have a better feeling for the authorship and the first five books of the Bible.

Karen's biography begins, Chapter 1, Torah --
In 597 BCE, the tiny state of Judah in the highlands of Canaan broke its vassalage treaty with Nebuchadnezzar, ruler of the powerful Babylonian empire. It was a catastrophic mistake. Three months later, the Babylonian army besieged Jerusalem, Judah's capital. The young king surrendered immediately and was deported to Babylonia, together with some ten thousand of the citizens who made the state viable: priests, military leaders, craftsmen, and metal workers. As they left Jerusalem, the exiles would have taken one last look at the temple built on Mount Zion by King Solomon (c. 970 - 930 BCE), the centre of their national and spiritual life, sadly aware that in all likelihood they would never see it again. Their fears were realized; in 586, after yet another rebellion in Judah, Nebuchadnezzar destroyed Jerusalem and burned Solomon's temple to the ground.
Key words:
  • Judah: southern kingdom
  • Canaan: land of milk and honey; the promise(d) land
  • Babylonia: Babel
  • Jerusalem: capital
  • Mount Zion
  • Solomon's Temple
A most interesting book, The Book of J, translation by David Rosenberg, commentary by Harold Bloom, fills in much of the void. It is conjecture and opinion, of course, but it allows the reader to reflect and consider his/her own ideas about that period of time and how the Bible came to be. Notes of that book are here. 

This is the New York Times review of The Book of J, translation by Rosenberg: link here.

Newfield To Drill Up To 70 Wells In South Tobacco Garden

From the December, 2018, NDIC hearing dockets (link here):
  • Case (not permit) 27236, Newfield, South Tobacco Garden-Bakken, fourteen wells on each of five 1280-acre units; a total of 70 wells; McKenzie County; about 3 miles due west of Watford City -- 
  • sections 16/21-150-99
  • sections 17/20-150-99
  • sections 18/19-150-99
  • sections 28/33-150-99
  • sections 29/32-150-99
The graphic (the "red stars" are at the center of the 1280-acre drilling units):


Some Light At The End Of The Tunnel? -- November 20, 2018

API weekly crude oil inventory: comes in at a decline of 1.545 million bbls. Last week it was a whopping build of almost 9 million bbls. Link here.

Eight New Permits; Twenty-One Permits Renewed -- November 20, 2018

Active rigs:

$53.50😟11/20/201811/20/201711/20/201611/20/201511/20/2014
Active Rigs62563965186

Eight new permits:
  • Operators: Whiting (6); Liberty Resources (2)
  • Fields: Sand Creek (McKenzie); Enget Lake (Mountrail)
  • Comments: Whiting has permits for a 6-well Tarpon Federal pad in 44-19-4H; Liberty Resources has permits for Christine / LTM pad in 10-158-93
    • #35766: middle Bakken; 4/9-158-93; 1280-acre spacing unit; TD = 20,583 feet
    • #35767: middle Bakken; 3/10-158-93; 1280-acre spacing unit; TD: 20,583 feet
    • #35771: Three Forks B1; 18/19-153-96; TD = 22,209 feet
    • #35773: Three Forks B1; appears to be sections 13/18/19/24 - 153-96; TD = 23,160 feet; within the Little Missouri National Grasslands
Two wells came off the confidential list:
  • 32961, SI/NC, Oasis, Ceynar 5298 44-32 12T, Banks, t--; cum 88K 9/18;
  • 34049, SI/NC, MRO, State Kreiger 14-36h, Bailey, t--; no production data;
One producing well (a DUC) reported as completed:
  • 29842, 1,545, CLR, Hayes 4-6H, Crazy Man Creek, t9/18; cum 31K after 34 days; neighboring wells:
    • 20193, jump in production back in 3/18; prior to #29842 being drilled/completed;
    • 29843, recently fracked (late 2017)
    • 29033, variable production since frack in 2015
Twenty-one permits renewed:
  • EOG (6): three Burke permits and three Austin permits, all in Mountrail County;
  • Oasis (6): six Lars permits in Mountrail County; 
  • NP Resources (6): three McDonald permits and three LIttle Mo Federal permits, all in Billings County;
  • MRO (3): a Smith USA permit; a Felix USA permit; and, a Elizabeth Felix USA permit, all in Dunn County
Change in operator status: about 40 wells transferred from Oasis to Whiting
  • in McKenzie County
  • in 150N-103W area

Flaring Rules Update: NDIC Has Approved Amendments For Flaring Policy -- November 20, 2018

From The Bismarck Tribune: NDIC to give oil industry more flexibility on flaring. Just in time -- considering the slump in oil prices.
... changed the goals of the gas capture policy first adopted in 2014 to focus on increasing the volume of captured gas rather than reducing the flared volume.
Commissioners also dropped the goals of reducing the number of wells flaring and reducing the duration of flaring. Instead, they added a goal of incentivizing investment. 
the Industrial Commission further expands the number of circumstances that allow a company to be in compliance with the gas capture policy even if the company’s flaring rate exceeds the benchmark.
The gas capture target increases to 88 percent for natural gas produced in November, which will be reported in January.
Director of Mineral Resources Lynn Helms recommended that commissioners postpone the 88 percent gas capture requirement for two years.
However, the commission stopped short of changing the timeline in anticipation of a change to the way flaring is regulated on the Fort Berthold Reservation. The Bureau of Land Management plans to defer regulation of flaring on trust lands to the Mandan, Hidatsa and Arikara Nation starting early next year.
Maybe someone else can provide "specific, actionable" changes. I certainly didn't get much from the NDIC press release or the news story.

NDIC screenshot.