Friday, January 7, 2022

An Oasis Well With A 15x Jump In Production -- January 7, 2022

The well:

  • 21667, 3,285, Oasis, Cliff 52000 14-5H, Camp, t3/12; cum 390K 11/21; full production; 14,395 bbls over 17 days extrapolates to 25,000 bbls crude oil over 30 days, recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-2021171439513858334022590143427881
BAKKEN10-20210000000
BAKKEN9-20210000220
BAKKEN8-202123968923687205520088
BAKKEN7-20213012411570745298329340
BAKKEN6-20213015961623873387335730

Three newly completed wells in the immediate area:

  • 38008, conf, Oasis, Cliff 5300 43-35 6B, Willow Creek,
DateOil RunsMCF Sold
11-20213384937219
10-20212751529209
  • 34222, conf, Oasis, Cliff 5300 43-35 4B, Willow Creek,
DateOil RunsMCF Sold
11-20213268234431
10-20211952521265
  • 37266, conf, Oasis, Cliff 5300 43-35 5B, Willow Creek,
DateOil RunsMCF Sold
11-20213123633305
10-20212395524946

Thursday, January 6, 2022

$100-WTI? It's Just A Matter Of Time -- January 6, 2022

11:35 p.m. CT, January 6, 2022: I see that WTI is at $80.15.

$100-WTI? It's just a matter of time. 

It's Just A Matter Of Time, Randy Travis
 
But what goes up, must come down.

Thirty-Five Active Rigs; Fifteen Permits Renewed; One Permit Canceled; No New Permits -- WTI Near $80; Nabors B05 Drilling The Milton Flemmer -- January 6, 2022

We have the answer. See this post for background See also this post. And this one. Also here. Summit Carbon Solutions here.

  • 38594, conf, Summit Carbon Solutions, LLC, Milton Flemmer 1, NWNE 35-141-88; Mercer County; no scout ticket; NDIC doesn't have the scout ticket on this well;

Active rigs:

$79.58
1/6/202201/06/202101/06/202001/06/201901/06/2018
Active Rigs3411566354

No new permits.

Fifteen permits renewed:

  • BR (6): four Stafford permits; a Manchester permit, and a Mary Swanson permit, all in McKenzie County;
  • MRO (5): a Storedale, a Mathia, a Coan, a State Willard and a State Loland permit, all in Dunn County;
  • Oasis (4): three Foley Federal permits and one Achilles permit, all in McKenzie County;

One permit canceled:

  • 37422, Slawson, Tempest Federal 4014H, Mountrail County;

Two producing wells (DUCs) reported as completed:

  • 37882, 50, CPEUSC Burgess 4-14-23-158N-100W-MBH,Winner, no production data,
  • 37363, 1,685, Kraken, Hokanson 1-12 2H, Lone Tree Lake, no production data,

Devon Dividend History

Link here.  

Shale

Corporate presentations: GS Energy Conference presentations

Hess: announces a "meaningful" dividend growth this year (2022) as it start to prioritize returning capital to shareholders over business investments. January 6, 2022

PXD: dividend now running at 11% annual return. January 6, 2022. Looks like 9x growth in 2022, corporate presentation, slide 6.

EOG: dividend history. Link here. January 6, 2022.

DVN: dividend history. Link here. January 6, 2022.