ConConchCOP Primed For Profit In The Permian -- David Messler -- October 4, 2021

I track the ConConchCOP story here. Wow, this story certainly has legs. 

Now, today, another article on same story. Link to one of my favorite columnists: David Messler.  Archived.

• European oil majors are working hard to cut their emissions by shedding assets as they attempt to become energy majors
• One of the highest-profile cases of this transition so far was the sale of Shell’s Delaware acreage to ConocoPhillips
• The market has responded by rewarded COP with a 25% increase so far this week, but the real value is yet to be realized

A Petro-Hunt Hartman Well In Little Knife Finally Being Reported -- October 4, 2021

The well:

• 36079, conf-->loc-->loc/NC, Petro-Hunt, Hartman 144-97-5B-8-2H, Little Knife, 
• sister well on this pad:
• 20860, 540, Petro-Hunt, Hartman 144-97-5A-8-1H, Little Knife, t7/12; cum 138K 11/20; a stripper well as of 2020; 27 stages; 3.3 million lbs proppant; a lousy well from the very beginning; cum 144K 6/21;

Initial production for the new well, #36079, full production history:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2021	24	9974	9701	29584	7015	6830	32

Amber Renee - R Is Finally Drilled, Completed, And First Production Reports -- October 4, 2021

Updates

October 6, 2021: #18408, the original Amber Renee. A monster well, off line for quite some time. Apparently a new sidetrack lateral has been drilled or will be drilled for #18408. In a February, 2019, sundry form, the well is TA on an annual basis, and future use of the "wellbore will be to sidetrack and complete new lateral once commodity prices improve." Remains off line 8/21.

Original Post

Finally after what seems to be decades, this "R" well has finally been drilled, completed, and is starting to report.

Previous status:

• December 3, 2020: #36887 (33-061-04580; Amber Renee 25-36H-R; Sanish) and #36888  (33-061-04581; Sophia Drake 25-36H-R; Sanish)-- update here; see this note; still no production data, 1/21; drl/NC; last checked, 6/21; 

Now, 8/21:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2021	30	12650	12289	3328	15589	14631	568

The original Amber Renee (see this post for more):

• 18408, TA/1,945, Murex, Amber Renee 25-36H, Sanish, t2/10; cum 822K 12/13; note first few months of production of this well compared to the new Amber Renee, noting particularly, natural gas mcf:

BAKKEN	9-2010	29	35448	35140	30	11503	11503	0
BAKKEN	8-2010	31	29376	29979	46	11806	11806	0
BAKKEN	7-2010	31	38180	37815	93	18822	18822	0
BAKKEN	6-2010	30	38749	38813	595	18096	18096	0
BAKKEN	5-2010	27	15747	15575	0	5760	5760	0
BAKKEN	4-2010	30	32794	32971	21	13730	13730	0
BAKKEN	3-2010	28	34169	33823	0	9676	9676	0
BAKKEN	2-2010	28	7112	6404	22	939	939	0

Reason #1 Why I Love To Blog About The Bakken -- A Very Old Well Jumps From 1,000 Bbls/Month To 36,000 Bbls/Month -- October 4, 2021

Note: this well was drilled more than a decade ago; drilled / completed in 2010.  Hubbert's Theory says once a well starts to decline, it never reverses course. This is a very, very old well. The file report does not suggest it was re-fracked but I wouldn't be surprised if it were; sometimes paperwork / NDIC files lag what is happening in the field.

Although some might consider this "rare," it is not an atypical phenomenon in the Bakken. 

But look at this. Imagine a small mom-and-pop unit with interest in this well. I doubt they care why; just amazed at what they are seeing. 

Full production for this well is posted here.

The well:

• 18880, 129, MRO, Everett Fisher USA 41-6H, Reunion Bay, t7/10; cum 396K 3/21; off line 4/21; numerous wells in the area being fracked; remains off line 6/21; cum 432K 8/21;
  

Recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2021	29	36363	35998	99154	51854	48761	971
BAKKEN	7-2021	0	0	0	0	0	0	0
BAKKEN	6-2021	0	0	0	0	0	0	0
BAKKEN	5-2021	0	0	0	0	0	0	0
BAKKEN	4-2021	0	0	0	0	0	0	0
BAKKEN	3-2021	23	1070	1422	319	1596	1178	223
BAKKEN	2-2021	28	1431	1345	337	2158	1624	286
BAKKEN	1-2021	29	1438	1470	323	2185	1262	673
BAKKEN	12-2020	30	1308	1251	266	1684	1152	283
BAKKEN	11-2020	30	1526	1608	334	2269	1798	207
BAKKEN	10-2020	25	1102	1064	228	1682	1308	175

NDIC Has Started Posting Production Data For August, 2021; CLR Reports A DUC -- October 4, 2021

"They've" been reading the blog: the road to New England -- drastic rate increases for electricity and natural gas. Link here. The article at the link was posted October 3, 2021; my story, same subject, much easier to understand, was post a couple of days earlier. ISO New England. 

New England Patriots: speaking of New England. Last night's NFL game between the New England Patriots and the Tampa Bay (TB) Buccaneers / Tom Brady (TB) was the second most-watched SNF game ever. 

At a Total Audience Delivery of 28.5 million, on NBC, Peacock and various other digital platforms, the Bucs 19-17 win over the Pats in an often very wet prime time is only topped by the 30.3 million who tuned in for SNF on December 30, 2012. That Cowboys vs Washington battle for the NFC East title snared 30.3 million, to be the fifth most watched Sunday NFL game ever.

Say what! To save the world, the Norwegians are going to discourage folks from buying EVs? Say what? Norway is said to be considering imposing a luxury tax on high-end EV models. The big question is this: with all the money Norway is making selling oil off its coast why do they even need to tax anything? And isn't "high-end EV" redundant? Is there such a thing as a low-end EV, one that can be parked inside a garage?

***************************************
Back to the Bakken

Bakken production: it appears that the NDIC has published production data for each producing well for August, 2021. I'll start updating wells of interest ASAP.

WTI: closed up 2.3%; up $1.73; closed at $77.61. 

Active rigs:

$77.61	10/4/2021	10/04/2020	10/04/2019	10/04/2018	10/04/2017
Active Rigs	27	11	58	64	59

Two new permits, #38596 - #38597, inclusive:

• Operator: Ovintiv
• Field: South Tobacco Garden (McKenzie)
• Comments:
• Ovintiv has permits for two wells in South Tobacco Garden, 
• lot 1 section 4-149-99, sited between 462 and  442 FNL and 444 FEL;

One producing well (a DUC) was reported as completed:

• 36581, PNC/drl, CLR, Pasadena Federal 12-11H1, Banks, comment: the scout ticket says the status of this well is PNC. It appears CLR was notified that the permit would expire but renewed the permits. One day of production, 8/21 with minimal production.