The Incredible Bakken Never Ceases To Amaze Me -- The WPX Blue Racer Wells -- December 28, 2020

This page won't be updated; these wells are tracked here. 

I don't care what "they" say, the Bakken wells are simply incredible. Here's another one. This well produced over 300K bbls crude oil in seven months.

• 36504, drl/A, WPX, Blue Racer 14-11HD, Mandaree, first production, 3/20; t--; cum 65K over 61 days; cum 302K 10/20; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2020	26	23751	23698	11401	33190	30523	0
BAKKEN	9-2020	30	36378	36396	11335	44307	39963	295
BAKKEN	8-2020	26	38185	38350	11376	46510	40736	1557
BAKKEN	7-2020	31	51584	51501	15107	62829	51701	5447
BAKKEN	6-2020	30	48748	48592	15262	59380	52029	1981
BAKKEN	5-2020	2	2381	2452	672	2898	804	1833
BAKKEN	4-2020	30	48554	48642	13557	59138	38545	15240
BAKKEN	3-2020	29	52454	52189	22436	63890	23958	34167

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A Musical Interlude

Note: a reader has rightly corrected me -- the last real cowboys are the oilfield workers, to include the truckers. But I'm leaving the video up.

Last of the Cowboys, Tony Justice

The CLR Holstein Federal Wells Have Been Updated -- December 28, 2020

This page will not be updated. These wells are tracked here. 

Great news! #33536 is back on line and maintains great production. This is an incredibly good pad.

The well:

• 33536: Holstein Federal 16-25HSL; 2,221, t1/19; cum 243K 10/10; off line 2/20; remains off line 7/20; back on line, 8/20; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2020	31	6664	6630	5687	6072	5839	0
BAKKEN	9-2020	22	5051	5075	4704	6913	6758	0
BAKKEN	8-2020	23	6014	5857	5298	8177	8022	0
BAKKEN	7-2020	0	0	0	0	0	0	0
BAKKEN	6-2020	0	0	0	0	0	0	0
BAKKEN	5-2020	0	0	0	0	0	0	0
BAKKEN	4-2020	22	0	0	218	66	0	63
BAKKEN	3-2020	31	3	0	123	98	0	93
BAKKEN	2-2020	29	4	0	2799	91	0	87
BAKKEN	1-2020	31	6219	6199	8808	12380	12101	93
BAKKEN	12-2019	31	8630	8797	12940	20452	20129	93

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An Interview With Linda Ronstadt

So I don't lose it: https://www.youtube.com/watch?v=tJWEVTHRPXI.

The Four Wells Waiting To Be Fracked On The Enerplus "Precipitation" Pad Have Been Fracked -- December 28, 2020

This page will not be updated. These well are tracked here. Since they have just been fracked we won't know for a month or two how older, neighboring wells were affected.

The four wells on the Enerplus "Precipitation" pad have been fracked. Nothing unusual about the fracks: about 9 - 10 million gallons of water; 85% water by mass.

The "Precipitation" pad wells that have just been fracked:

• 35800, drl/NC-->conf, Enerplus, Frost 149-93-07A-12H-TF-LL, 33-025-03630, Mandaree, first production, 10/20; 8K; fracked 10/3/20 - 10/14/20; 7.8 million gallons of water; 82.4% water by mass;
  
• 35801, rig on site (11/19)-->drl/NC-->conf, Enerplus, Hail 149-93-07A-12H, 33-025-03631, Mandaree, first production, 10/20; 14K; fracked 10/3/20 - 10/14/20; 8.1 million gallons of water; 84.8% water by mass;
  
• 35802, drl/NC,-->conf, Enerplus, Sleet 149-93-07A-12H, 33-025-03632, Mandaree, first production, 10/20; 13K; fracked 10/3/20 - 10/14/20; 8 million gallons of water; 84.5% water by mass;
  
• 35803, drl/NC-->conf, , Enerplus, Blizzard 149-93-07A-12H-TF, 33-025-03633, Mandaree, first production, 10/20, 13K; fracked 10/3/20 - 10/14/20; 7.9 million gallons of water; 83.4% water by mass;

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Hooking Up A Dolly

A reader asked about minimum weight and height requirements for a truck driver. 

See this video and advance to 4:25 to see the strength required. 

Coal - China -- December 28, 2020

Link here.

China is attempting to ration its power, but bitcoin mining's unquenchable thirst for high power use is now being threatened by China's standoff with Australia, frozen wind turbines—and Russia's own short supply of coal—that has left sailors and crew stranded at sea for months. 

And China hopes to be off fossil fuel by 2060. LOL. 

In a sensible world, the US would be transporting a gazillion tons of coal to China. But the environmentalists are now in charge.

Bitcoin's Intense Energy Requirements -- December 28, 2020

Link here.

Coal prices in China have risen over the last month as China continues to block coal carriers from entering Chinese ports—and it's causing more than just residential and industrial energy shortages and blackouts.

China's Bitcoin mining is now under siege.

China is attempting to ration its power, but bitcoin mining's unquenchable thirst for high power use is now being threatened by China's standoff with Australia, frozen wind turbines—and Russia's own short supply of coal—that has left sailors and crew stranded at sea for months.

In fact, Bitcoin miners could end up taking the brunt of the rationing, and China hosts most of the world's top bitcoin miners.

And that makes sense because Bitcoin is extremely electricity-intensive, with just a single transaction consuming the power equivalent of as much as one U.S. household does for 23 days, with the carbon footprint of about 54,563 hours of YouTube video watching.

Bitcoin is tracked here.  

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Hess

Futures, 8:00 p.m. CT, Monday night, December 28, 2020.