Sunday, June 21, 2020

Notes From All Over -- The Late Nigjht Edition -- Nothing About The Bakken -- Saturday, June 20, 2020

Saudi Aramco will maintain dividends despite huge hit to its income 1Q20:
Here we go again: underinvestment could send oil prices soaring, Oilprice, June 17 2020;

Housing boom in suburban New Jersey: we talked about this before; how the pandemic may change the housing market.

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The Literature Page

From wiki tonight, an important "phrase" that the granddaughters should know -- "the Mandarins."
The Mandarins (French: Les Mandarins) is a 1954 roman à clef by Simone de Beauvoir, for which she won the Prix Goncourt, awarded to the best and most imaginative prose work of the year, in 1954. The Mandarins was first published in English in 1956 (in a translation by Leonard M. Friedman).

The book follows the personal lives of a close-knit group of French intellectuals from the end of World War II to the mid-1950s.
The title refers to the scholar-bureaucrats of imperial China. The characters at times see themselves as ineffectual "mandarins" as they attempt to discern what role, if any, intellectuals will have in influencing the political landscape of the world after World War II.
As in de Beauvoir's other works, themes of feminism, existentialism, and personal morality are explored as the characters navigate not only the intellectual and political landscape but also their shifting relationships with each other.

The British novelist and philosopher Iris Murdoch (in the Sunday Times) described The Mandarins as "a remarkable book, a novel on the grand scale, courageous in its exactitude and endearing because of its persistent seriousness."

Saturday, June 20, 2020

The Kind Of Numbers Saudi Does Not Like To See -- June 20, 2020

These wells have still not reported an IP, but they are reporting post-frack production.

The wells:
  • 36658, drl/A, Bruin, FB Bonita 152-93-9B-10-15B, Four Bears, t--; cum --;
  • 36657, drl/A, Bruin, FB Bonita 152-93-9B-10-14T, Four Bears, t--; cum --;
  • 36656, drl/A, Bruin, FB Bonita 152-93-9B-10-13B, Four Bears, t--; cum --;
  • 36655, drl/A, Bruin, FB Bonita 152-93-9B-10-12T, Four Bears, t--; cum --;
  • 36654, drl/A, Bruin, FB Bonita 152-93-9B-10-10B, Four Bears, t--; cum --;
  • 36653, drl/A, Bruin, FB Bonita 152-93-9B-10-9T, Four Bears, t--; cum --; 
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Production Profiles
  • 36653, extrapolates to 51,700 over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-202026448074468264771514863372717336
BAKKEN3-20200000000
  • 36657, extrapolates to 45,072 over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-20201725541254386044230185244675564
BAKKEN3-20200000000
  • 36656, extrapolates to 54,351 over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-20201018117179931430219166164152662
BAKKEN3-20200000000
  • 36655, extrapolates to 44,708 over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-20201928315282324851329357216787482
BAKKEN3-20200000000
  • 36654, extrapolates to 47,204 over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-202023361903609649823415272982911391
BAKKEN3-20200000000

Petroshale Reporting Some Nice Wells -- June 20, 2020

Petroshale reporting some nice recently fracked wells. See this post:

See these wells:
  • 21985; halo effect; t6/12; cum 526K 4/20;
  • 17778; huge halo effect; cum 272K 4/20;
See these wells, also, but not yet posted:
  • 18436; off line for past several months; now back on line; no halo effect; t3/10; cum 480K 4/20;
  • 36316, 35, Petroshale, Anderson North 1MBH, Croff, t9/19; cum 134K 4/20;
  • 36317, 584, Petroshale, Anderson North 1TFH, Croff, t10/19; cum 95K 4/20;
  • 36318, 392, Petroshale, Anderson North 2MBH, Croff, t10/19; cum 441K 4/20; just came back on line, 3/20;
  • 22377; went off line shortly before 10/19; has just come back on line; three days in 2/20; t7/12; cum 468K 4/20; came back on line 3/20;
  • 22520; went off line shortly before 10/19; back on line for two months; no evidence of halo effect; t12/12; cum 434K 4/20; came back on line 1/20;
Production profile for #36316:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2020301772717846496629623275532070
BAKKEN3-2020311963619557646632829305782251
BAKKEN2-202029173241725466772590025640260
BAKKEN1-2020312464924811864843571997733594
BAKKEN12-20193129752298141062058513058513
BAKKEN11-2019232218421828796946776046776
BAKKEN10-20193239522830000

Advantaged Oil -- MRO, Reunion Bay -- June 20, 2020

The well:
  • 18243, 646, MRO, Gladys USA 21-2H, Reunion Bay, t1/10; cum 403K 4/20; 
Recent production: 
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-202030489549483399303427540
BAKKEN3-20203184028382802256874987215
BAKKEN2-202019703369750419141710
BAKKEN1-20200000000
BAKKEN12-20190000220
BAKKEN11-20190000000
BAKKEN10-20190000000
BAKKEN9-20190000000
BAKKEN8-20190000000
BAKKEN7-20190000000
BAKKEN6-201941804063826720638
BAKKEN5-2019312343242151030212406292
BAKKEN4-201930219621514822434206559
BAKKEN3-2019311762177344824374351717
BAKKEN2-20192815761713435217901916

Advantaged Oil -- MRO, Reunion Bay -- June 20, 2020

These wells were added to the list of "wells to follow up on May 8, 2020. We will come back to them later, but look at production profile for #19834:
May 8, 2020: #20122; MRO, Reunion Bay; lots of fracking in the area;
  • 20122, has been off line; just coming back into production, 3/20;
  • 19833, has been off line; just coming back into production, 3/20;
  • 19834, has been off line; just coming back into production, 3/20;
  • 19834, 1,291, MRO, Jacob Madison 11-27H, Reunion Bay, t8/11; cum 367K 4/20; recent production: '
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-20203074927335380450031744232
BAKKEN3-20202753455346460249743764148
BAKKEN2-20200000000
BAKKEN1-20200000000
BAKKEN12-20190000000
BAKKEN11-2019001610000
BAKKEN10-2019312115205645420091449256
BAKKEN9-2019301970191241019551439227
BAKKEN8-201931221622884432236189429
BAKKEN7-20193122332206459233020160