Sunday, January 26, 2020

WTI Falls Almost 3% -- Now Below $53 --January 26, 2020


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Accidental High Dividend Payers

We will see tomorrow.

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CLR Looking To Put 22 Wells In One Drilling Unit -- January 26, 2020

February, 2020, hearing dockets at this link. 

The case:
  • 28293, CLR, Elm Tree-Bakken and/or Antelope-Sanish; i) an overlapping 1280-acre unit, sections 28/33-153-93; two wells; ii) an overlapping 2560-acre unit; sections 28/33-153-93 and sections 1/12-152-94, 22 wells on said overlapping 2560-acre unit; Mountrail and McKenzie counties;
Graphic:

There are two extended long laterals (3-section long horizontals) in this area, running north from the south:
  • 35542, TD = 27,066 feet; spacing unit: S1, 2, 11, 12 13 & 14 - T152N R94W; 3840-acre unit; middle Bakken; 67 stages; 16.1 million lbs; 2,587, Bruin, Fort Berthold 152-94-14D-2-13H3; t6/19; cum 233K 11/19;
  • 35541, TD= 27,112 feet; spacing unit: S1, 2, 11, 12 13 & 14 - T152N R94W; 3840-acre unit; 67 stages; 13.44 million lbs; Three Forks B1; 2,539, Bruin, Fort Berthold 152-94-14D-2-15H3; t5/19; cum 214K 11/19;

Notes From All Over, Part 1 -- January 26, 2020

I'm watching our oldest granddaughter play in local water polo tournament, so I'm not watching TCM or the PGA golf tournament at the moment.

But I checked in, curious how Tiger Woods was doing. The leaderboard says he has moved up "two," tied at twelfth. I thought he was tied at 8th at the end of the third round, but perhaps I was wrong. Whatever.

Through eight holes, he is down one for the day, eight strokes below par for the tournament, halfway through the fourth round.

The current leader, Marc Leishman, jumped six positions to take sole possession of first place, 13 strokes under par. Through the same number of holes as Tiger today, Marc has shot five strokes under; Woods has shot one stroke under. And all the television commentary will be on Tiger Woods.

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CO2 And Oceanic Reefs

All these years we were told how dangerous CO2 was for oceanic reefs.

Now this, from UT News:
Diving 200 feet under the ocean surface to conduct scientific research can lead to some interesting places. For University of Texas at Austin Professor Bayani Cardenas, it placed him in the middle of a champagne-like environment of bubbling carbon dioxide with off-the-chart readings of the greenhouse gas.

Cardenas discovered the region – which he calls “Soda Springs” – while studying how groundwater from a nearby island could affect the ocean environment of the Verde Island Passage in the Philippines. The passage is one of the most diverse marine ecosystems in the world and is home to thriving coral reefs.

The amazing bubbling location, which Cardenas captured on video, is not a climate change nightmare. It is linked to a nearby volcano that vents out the gases through cracks in the ocean floor and has probably been doing so for decades or even millennia. However, Cardenas said that the high CO2 levels could make Soda Springs an ideal spot for studying how coral reefs may cope with climate change. The site also offers a fascinating setting to study corals and marine life that are making a home among high levels of CO2.

The scientists measured CO2 concentrations as high as 95,000 parts per million (ppm), more than 200 times the concentration of CO2 found in the atmosphere. The readings range from 60,000 to 95,000 and are potentially the highest ever recorded in nature. The CO2 levels fall quickly away from the seeps as the gas is diluted in the ocean, but the gas still creates an elevated CO2 environment along the rest of the coastline of the Calumpan Peninsula, with levels in the 400 to 600 ppm range.

Cardenas is a hydrologist and not an expert on reef systems. He discovered Soda Springs while researching whether groundwater from the nearby land could be discharging into the submarine ocean environment, which is a phenomenon that is generally ignored by scientists looking at the water cycle, Cardenas said.
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His Royal Hypocrisy

Meanwhile, over in Europe:

Another Nice CLR Well In Brooklyn Oil Field Coming Off Confidential List This Next Week -- January 26, 2020

The Brooklyn oil field wells are tracked here.

Another nice Brooklyn oil field well is coming off confidential list this week:
  • 35563, conf, CLR, Gjorven 12-21HSL, Brooklyn,

DateOil RunsMCF Sold
11-20194405688871
10-20194435076587
9-20191850224105
8-20199630
7-20191100

Two CLR Boulder Federal Wells Coming Off Confidential List This Week -- January 26, 2020

Two CLR Boulder Federal wells coming off confidential list this week.

See production data for the "original" CLR Boulder well. 

The wells:
  • 32110, 2,993, CLR, Boulder Federal 9-4H1, Banks, t9/19; cum 202K 12/20; off line 12/20;
DateOil RunsMCF Sold
11-20192856048129
10-20194341867461
9-20193543550952
7-201913160
  • 32109, 3,350, CLR, Boulder Federal 8-4H, 43 stages; 13.2 million lbs; Banks, t9/19; cum 341K 12/20; a 64K month, followed by a 47K month; see this post; off line 12/20;
DateOil RunsMCF Sold
11-20194705277433
10-20196319187167
9-20192520228710
7-201912970

Graphic:



Other wells in the graphic:
  • 35774, 3,111, CLR, Boulder 10-4H, Banks ,t9/19; cum 230K 12/20; offline 12/20;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-2019263381434370219616743567159276
BAKKEN10-20193141547409942951272140675724568
BAKKEN9-201916356023549324764557363475620980
BAKKEN8-20190000000
BAKKEN7-20194135113514082220302203
  • 35775, 1,996, CLR, Boulder 11-4H1, Banks, t9/19; cum 202K 12/20; off line 12/20;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-20193026774269042748547371450552316
BAKKEN10-20193140514400444308663772595734199
BAKKEN9-20191518016177322296628188231665022
BAKKEN8-20190000000
BAKKEN7-201947777776114152801528
  • 21511, 906, CLR, Boulder 1-4H, Banks, t4/12, cum 374K 3/20; off line line 3/20; remains off line 12/20; recent production
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-201930377436256235832276920
BAKKEN10-20192641814196688065445939100
BAKKEN9-20199211721484458274426120
BAKKEN8-2019266580648417442892271351241
BAKKEN7-20196367247158063420523
BAKKEN6-201941882872883743110
BAKKEN5-20192914071200139344893703179
BAKKEN4-201920341585450140295033
BAKKEN3-2019315996645982332160675

  • 30206, 765, CLR, Boulder 3-4H1, Banks, t6/15; cum 239K 10/20; off line 11/20;
  • 30205, 1,542, CLR, Boulder 2-4H, Banks, t6/15; cum 292K 10/20; off line 11/20;