Wells Coming Off The Confidential LIst This Next Week -- December 29, 2019

Monday, January 6, 2019: 19 for the month; 19 for the quarter; 19 for the year:
35888, conf, Enerplus, Squall 149-93-07D-12H-TF, 
35887, conf, Enerplus, Stormy 149-93-07D-12H-LL,
35725, conf, Nine POint Energy, State 154-102-25-36-7H, 

Sunday, January 5, 2019: 16 for the month; 16 for the quarter; 16 for the year:
36287, conf, BR, Veeder 3D TFH, 
36286, conf, BR, Veeder 3E MBH, 
35317, conf, Oasis, Mildred Nelson Federal 5297 11-30 11TX, 
35238, conf, Lime Rock, Anderson 13-24-4TFH,
33191, conf, BR, Franklin 24-36TFH, 

Saturday, January 4, 2019: 11 for the month; 11 for the quarter; 11 for the year:
34382 conf, BR, Veeder 3C MBH, 
34362, conf, Petro Harvester Operating Company, FLX4 17-18 163-90 F, 

Friday, January 3, 2019: 9 for the month; 9 for the quarter; 9 for the year:
35780, conf, Hess, EN-Farhart-156-93-04-9H-6,
35724, conf, Nine Point Energy, State 154-102-25-36-8H,
34383, conf, BR, Veeder 3B TFH,
34173, conf, CLR, Ravin 5-1H2, 

Thursday, January 2, 2019: 5 for the month; 5 for the quarter; 5 for the year:
35781, conf, Hess, EN-Farhart-156-93-04-9H-5,
34384, conf, BR, Veeder 3A MBH, 

Wednesday, January 1, 2019: 3 for the month; 3 for the quarter; 3 for the year:
35877, conf, Whiting, Domaskin31-20HU, 
35876, conf, Whiting, Domaskin 24-17TFHU,
35571, conf, Whiting, Anderson 41-7TFH,

Tuesday, December 31, 2019 (there was no June 31st): 98 for the month; 303 for the quarter:
None

Monday, December 30, 2019: 98 for the month; 303 for the quarter:
36370, conf, Newfield, Hoffman 150-98-18-19-10H, 
36134, conf, XTO, Arlys 34X-31H, 
35239, conf, Lime Rock Resources, Anderson 13-24-4TFH, 
22300, conf, Bruin, FB Belford 148-95-22D-15-2T, 

Sunday, December 29, 2019: 94 for the month; 299 for the quarter:
36369, conf, Newfield, Hoffman 150-98-18-19-5H, 
22301, conf, Bruin, FB Belford 148-95-22D-15-3B, 

Saturday, December 28, 2019: 92 for the month; 297 for the quarter:
36368, conf, Newfield, Hoffman 150-98-18-19-5H, 
36133, conf, XTO, Arlys Federal 34X-31C, 
34835, conf, Enerplus, Eos 149-93-33D-28H-TF, 
34776, conf, Enerplus, Thai 148-94-11C-2H-TF,
30891, conf, Oasis, Stenberg 5199 11-97B, 

The Bakken -- Simply Staggering -- December 28, 2019

Do you remember this well?

• 31774, 5,058, Bruin, Fort Berthold 151-94-27A-34-16H, API: 33-053-07183, Antelope-Sanish; a staggering well; 55 stages; 14.4 million lbs according to operator; t7/18; cum 516K 10/19;

Full production profile:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
SANISH	10-2019	13	4670	4824	8174	12723	8951	1512
SANISH	9-2019	30	11737	11680	11994	43185	30092	7419
SANISH	8-2019	26	12237	12255	7087	36091	20204	12153
SANISH	7-2019	31	16026	16390	8787	57077	21083	30054
SANISH	6-2019	30	14869	14784	9204	26380	8945	12951
SANISH	5-2019	31	20084	19917	12724	49000	24954	19430
SANISH	4-2019	30	24052	24146	13698	41542	20460	15790
SANISH	3-2019	12	10746	10450	6504	23783	15372	5897
SANISH	2-2019	28	26631	27252	24055	58158	46582	6886
SANISH	1-2019	30	30937	30642	20592	70762	53953	11816
SANISH	12-2018	31	50242	50194	26772	87965	58424	29261
SANISH	11-2018	19	23718	23701	16934	27753	15030	12602
SANISH	10-2018	31	62285	62233	55956	86428	56123	30017
SANISH	9-2018	30	50357	50881	55448	68944	53380	15111
SANISH	8-2018	31	96045	96183	70073	92539	72538	19688
SANISH	7-2018	22	61234	60338	83791	82493	16676	65537

The graphic:

Wells of interest (note: two wells went over 500,000K cumulative):

• 22707, 1,959, Bruin, Fort Berthold 151-94-26B-35-3H, Antelope-Sanish, t4/14; cum 588K 10/19; with jump in production, 4/19;
• 22708, 1,776, Bruin, Fort Berthold 151-94-26B-35-2H, Antelope-Sanish, t4/14; cum 353K 10/19; with jump in production, 5/19;
• 20328, 1,647, Bruin, Fort Berthold 151-94-26B-35-1H, Antelope-Sanish, t3/12; cum 570K 10/19; no jump in production;

Top Stories For 2019 -- In Progress

Top stories by month for the year of 2019 are here. 

As of January 31, 2020.

The Bakken, 2019. Summary. Pending.

Permits in North Dakota, by county, by field, by operator. Posted here.

Comment: this year, 2019, has the feel of a transition year in which the US economy literally broke away from the rest of the field. One gets the feeling that "2019" is setting the stage for the roaring 20's for the US. First decade in which it neither started nor ended with a recession. First time in history that a US president has not gotten embroiled in a "new" war. US reaches energy independence. For all the divisiveness in Washington, DC, the government was still able to pass a bipartisan $1.3 trillion budget to avert a government shutdown.

********************************************

Elevator speech: the stories that dominated the Bakken in 2019:

• the Bakken roared back in 2019; a boom by any other name is still a boom
• North Dakota oil production hits new all-time records on almost record low number of active rigs

Transitions:

• Harold Hamm, the face of the Bakken, steps down as CEO, but isn't going anywhere
• CLR: damn the torpedoes -- full speed ahead 
• T. Boone Pickens, dies, age 91

International, non-energy:

• Boris Johnson, landslide victory; makes Brexit almost a sure thing
• Perhaps what did not happen is the big story: North Korea becomes a non-story

International, energy:  

• Saudi Aramco IPO 
• Drone/missile attack on Saudi export terminal
• Global EV sales decline year-over-year; first time this has happened in history
  

National, non-energy:

• US economy; stock market;
• For the first time in recorded history, the US has more job openings than folks looking for them ... and no wage inflation 
• The New IRA tax rules
• Schwab-Ameritrade merger
• Fake impeachment 
• Mueller report a bust 
• Glacier National Park removing signs that say glaciers will disappear by 2020

National, energy:

• US becomes energy independent;
• US crude oil, condensates, natural gas -- proved reserves -- new all-time record
• US net exporter of petroleum, petroleum products
• US becomes the crude oil swing producer

******************************

Top Stories Of 2019
By Category

 

Top Story of The Year:

• The Articles of Impeachment not forwarded to the US Senate; the Mueller Report does not "indict" President Trump;

Runner-up:

• The US economy: record low unemployment; longest expansion in history

The world:

• North Korea becomes a non-story

Most surprising story of 2019:

• For Art Berman: the Bakken is "back"

The most egregious story to come out of the Bakken:

• North Dakota Supreme Court sides with state on mineral royalties;

The top US story:

• The "fake" impeachment; the Mueller Report  

North Dakota, energy:

• Multiple production records throughout the year

North Dakota economy:

• record low unemployment continues

North Dakota, technology:

• EOR pilot projects

Most exciting small non-operator in the Bakken:

• NOG -- there really is no competition in this category

Most exciting micro operator in the Bakken: 

Most exciting small operator in the Bakken:

• Bruin

Most exciting medium operator in the Bakken:

• Slawson; 
• Oasis, runner-up

Most exciting large operator in the Bakken:

• MRO; 
• Hess and CLR close runners-up for different reasons

Biggest deal:

• OXY buys Anadarko

Most surprising deal:

• OXY buys Anadarko

Record price per Bakken mineral acre, 2019:

• Bonus: $16,000 / acre, Eagle Nest, Dunn County

Bakken operations, rigs:

• Maybe averaged around 60 rigs throughout the year; dwindled to low 50s by end of the year;: 

Bakken operations, production: 

• Records, records, and more records

Bakken operations, density:

• Unitized fields (Hofflund, Grinnell) and high density projects increase (Long Creek Unit)

Top prediction (made in 2019): 

Record initial production:

• Slawson, Torpedo #10; #31278; 

Biggest story in takeaway capacity:

• New NGL pipeline

CBR:

• The year ends with no resolution of Washington State restrictions on CBR

Pipeline:

• Iowa Supreme Court rules in favor of DAPL
• The year ends with ND regulators undecided about allowing DAPL to expand

Fracking:

• Mega-fracks: 94-stage fracking;

Flaring:

• Flaring on BLM getting worse, not better

Natural gas: 

• Production setting all-time records

Refining:

• Davis refinery near the park is still on-track (or is it?)

Investment story of the year:

• Plastics plant for western North Dakota -- not! Developer files for bankruptcy

The "other" Williston Basin formations:

• Almost nothing.

Bakken economy (too many to list):

• New Williston airport opens on schedule; huge success story
• Long X Bridge replacement on track

New (or better-understood) oil patch jargon:

• Advantaged oil
• Full cycle, half cycle costs
• Brownfield vs greenfield

Miscellaneous:

Bakken economy -- Williston Economic Development (WED) top ten stories:

• first flight lands at XWA
• WED earns Bronze Award from International Economic Development Council
• Sloulin redevelopment moves forward; Copeland secures 40 acres
• Shawn Wenko named president of EDND Board
• Williston leads North Dakota in Flex PACE incentives
• Busted Knuckle, Hops and Berry, Cold Stone Creamery to open in Williston
• WED launches Digital Community Gide
• Shawn Wenko earns Chamber's Western Star Award
• Williston Works podcast celebrates second season
• WED employs Gonzaga summer interns

Random Note On That Record Bakken IP -- December 28, 2019

Following up that record IP.

The well:

• 35093, 10,626, Hess, AN-Bohmbach-153-94-2734H-8, Antelope-Sanish, t4/19; cum 68K after 24 days;

The scout ticket:

Screenshot from the file report:

Flaring and total boe prodcution:

• 131,590 MCF = 21,928 boe
• crude oil, 68,402 bbls
• total boe in 24 days, 4/19 = 90,330 boe
• over 30 days that extrapolates to 112,913 boe

WPX Bison Wells In Squaw Creek Beginning To Report -- December 28, 2019

The incredible WPX Rachel Wolf wells remain off line. My hunch is that they are off line because the WPX Bison wells just to the west have just been fracked. If so, the Rachel Wolf wells will be back on line within the next two or three months.

When all of these wells come back on line, it will be most interesting to see what #19973 does.

The Bison wells:

• 36017, 2.413, WPX, Bison 27-34HW, Squaw Creek, t10/19; cum 31K in 31 days;
• 36018, 2.952, WPX, Bison 27-34HA, Squaw Creek, t10/19; cum 42K in 31 days;
• 36019, 1,616, WPX, Bison 27-34HX, Squaw Creek, t10/19; cum 28K in 31 days;

Except for the production in the first full month, 10/19, the three wells look almost identical to this:
#36018:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2019	31	43019	42740	26664	51924	34848	12149
BAKKEN	9-2019	0	0	0	0	0	0	0