A Closer Look At The Site Where Oasis Is Drilling A Well In Camp Oil Field -- December 18, 2021

This Oasis site is being drilled by Nabors B26. There is no scout ticket and the site is not on the NDIC map due to faulty NDIC database migration.

The site: SWSW 2-152-101.

The well:

• 38525, drl, Oasis, Lindvig Beck Federal 5201 41-2 5B, Camp oil field;
  

With no scout ticket and probably being on confidential list anyway, we do not know which way the horizontal will run, but based on data from the map that is available (though out of date) suggests the horizontal will run east from the SWSW quadrant of section 2-152-101. If so, it's very possible the horizontal will be a super-long lateral, three sections, 1920-acre. The problem: I can't find an Oasis case for a 1920-acre well in Camp oil field. So just a 1280-acre spaced well? 

Closer Look At The Iron Oil Operating Site In Sather Lake -- December 18, 2021

The site currently being drilled by Iron Oil Operating (no scout ticket and not on the NDIC map due to broken IT at the NDIC):

• 38461, drl, Iron Oil Operating, Antelope 5-17-20H, Sather Lake,

There is one active well in that drilling unit, but to the east:

• 25652, 160, off line 7/21, Iron Oil Operating, Antelope 1-17-20H, Sather Lake, t11/13; cum 173K 7/21;
  

Lock Downs And Energy Policy -- December 18, 2021

I don't know if folks recall but just as crude oil was starting to surge again back in mid-to-late November, 2021, WTI trending toward $80, out of the blue, out of thin air, all of a sudden, the WHO (run by the Chinese) notes/finds/announces a new variant of Covid-19; traders panic, and crude oil plummets. The sudden drop in the price of oil, just as heating oil was desperately needed for winter just around the corner, was incredibly fortuitous for China. It was obvious what was going on and I mentioned it on the blog. 

Well, here we go again. TFF = Netherlands. Energy prices in Europe surging. What to do about surging prices? 

Link here. Here we go again. 

Link here.

From twitter: 

"Lockdowns significantly lower electricity consumption. Higher residential consumption greatly offset by lower industrial consumption. Is this the real reason behind the European lockdown push? European energy policy is paralyzing Europe while Omicron has barely been felt." https://t.co/4YQXP6YHac" /

Also from twitter:

The Bakken: Trending Toward Some Very, Very Cold Temperatures Today -- December 18, 2021

In the Bakken today, it appears Watford City will have the warmest weather in the region, with a -15°F -- yes, fifteen degrees below zero -- being reported as of 9:00 a.m. Saturday morning, December 18, 2021:

Alkobo, ND, north of Williston, in Divide County, reported a minus 28°F at 9:00 a.m. this morning.

Other notable reportings:

• Ray, ND: -28°
• Tioga, ND: -27°
• Minot: -17°
• Williston: -16°

A huge thank you to the reader who sent me this screen shot, who knows that I must really miss the cool weather up north, and/or bring back great memories of growing up in Williston!

MRO's Three-Rig Bailey Oil Field Program -- December 18, 2021

None of this is easily available / discoverable now that the NDIC database interface is broken. 

But with your subscription to TheMillionDollarWay blog you get these spreadsheets, maps, and much, much more.

MRO's three-rig Bailey oil field program:

The older wells of interest sited in section 18-146-93:

To the west:

• 16715, 463, off line 10/21; MRO, Kevin Buehner 11-18H, t10/07; cum 398K 9/21;
  
• 33535, 6,204, MRO, Arkin 44-12TFH, t1/18; cum 440K 9/21; note: this well has produced more oil in three years than the Kevin Buehner well has produced in fourteen years; 
• 33534, 5,113, MRO, Bronett 14-7H, t1/18; cum 409K 9/21;  
• 33400, 3,017, MRO, Ernst 14-7TFH, t2/18; cum 369K 9/21;

To the east:

• 33401, 3,161, off line 10/21; MRO, Kenneth 24-7TFH, t1/18; cum 327K 9/21; 
• 33402, 3,040, MRO, Bethol 24-7H, t2/18; cum 351K 10/21; 
• 33403, 3,484, MRO, Stroup 34-7TFH, t1/18; cum 327K 9/21;

• 16992, 149, off line 7/21; Kevin Buehner 31-18H, t8/08; cum 198K 7/21;
  

Possibly, the well of interest in section 36-146-94:

• 18588, 469, off line 7/21; MRO, State Howard 34-36H, Bailey, t6/10; cum 175K 7/21; compared to many other MRO Bailey wells this one is struggling;