Changes To The Blog Re-Iterated -- September 27, 2022

Re-posting from July 25, 2022:

Reporting "monster wells": about two years ago, before the Covid-19 lock downs, I mentioned that we were going to see a lot of wells going over the cumulative milestone of 500,000 bbls of crude oil. That was delayed, of course, because of the global pandemic. Now, with things getting back to normal, we are now seeing many, many wells going over that 500,000 bbls of crude oil threshold. That number is becoming so great, that as a general rule, I won't be posting wells that go over 500,000 bbls effective today. It would be just too many. I can't decide if I will even bother with the 750,000-bbls-milestone. 

Wells with jump in production ("halo effect"; advantaged oil). I've been posting those wells at this site. Likewise, there are just too many wells that fit that this description and I just don't have time to post them any more. These wells will continue to be tagged so they can easily be found.

Tuesday Night -- September 27, 2022

Poolside: best time of the year. 85° and it feels like 65° in San Pedro, CA. Poolside. Late night. After dark. Perfect. Then, invited for late night dinner grilled by chef for high-end steak house in Dallas. 

Streaming: watching "Murder, My Sweet" for the third time in three days. Outstanding. 

Covid-19: importance of being vaccinated if about to be hit by "storm of the century." This is POTUS.

RC-135. Ukraine army discovered control center for Iranian drones. Center destroyed. 

One day closer to nukes: Lyman is falling. Seiverodonetsk is now vulnerable. Expect to see video of first-captured Russian draftees. Link here. 

Midterms: Pelosi tracker. 

Cost of renewables: New England utility seeks 160% rate increase. Kabuki dance. Regulators will grant rate increase but cut it by half. Link here.

Re-Posting Today's Daily Activity Report -- September 27, 2022

Back to the Bakken

UPDATE, from a reader: Enervus (drillinginfo.com) has a service that allows you to track the location of frac crews.

A reader's inquiry:  Can you direct me to a site that tracks the fracking/completion crew activity similar to what the ND site provides for Rig Count. I hae not been able to find anything.

My reply: I have never found that. I don't think that data is available anywhere. If it is, I've never come across it. 

If that information is available, I would be surprised. 

I've maintained "forever" that most folks who follow the oil industry have never evolved in their thinking from conventional oil to tight, unconventional, shale. This is another example. Most folks are still fixated / focused on rig counts. As I've said "forever," [don't take this out of context], rigs don't matter. Frack spreads matter; completions matter. And yet there is no regulatory requirement to track frack spreads as far as I know. 

This reader is correct: tracking frack spreads is important. 

The Daily Activity Report

Active rigs: 46.

WTI: $78.23.

Natural gas: $6.62.

Gasoline: $2.489.

Six new permits, #39271 - #39276, inclusive:

• Operator: Kraken:
• Field: Burg (Williams); Ellisville (Williams)
• Comments:
• Kraken has permits for six Sumner wells, SESW 1-158-99, 
• to be sited 341 FSL and between 2252 FWL and 2417 FWL

Twelve permits renewed:

• Petro Harvester Operating (10): four FLX permits; four LIG permits and one PTL permit, and one Tafelmeyer permit, all in Burke County;
• Rimrock (2): two Two Shields Butte permits in Dunn County;

Six producing wells (DUCs) reported:

• 31036, 506, Whiting, Westin TTT 11-25H, Sanish, t--; cum 12K 7/22;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2022	31	11546	11636	17184	9156	6584	2514
BAKKEN	6-2022	6	144	0	6958	10	0	0

• 37540, 136, BR, Faye 3B MBH, Elidah, no production data, 
• 36243, 40, BR, Stortroen 1D MBH, Dimmick Lake, minimal production;
• 36986, 795, CLR, LCU Truman Federal 2-23HSL, Long Creek, no production data, 
• 38565, 471, Hunt, Halliday 145-93-15-22H 4, Lake Ilo, no production data, 
• 35753, 1,212, XTO, Tom State 34X-1E2, Allkali Creek, t--; cum 46K 7/22;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2022	25	19854	19879	29028	36386	34923	1403
BAKKEN	6-2022	26	22492	22389	33716	38476	37396	1021
BAKKEN	5-2022	4	3567	3481	4727	5437	5158	270
BAKKEN	4-2022	0	0	0	0	0	0	0
BAKKEN	3-2022	0	0	286	0	0	0	0
BAKKEN	2-2022	4	286	0	3975	662	0	662

Another well with a permit that was PNC'd. We're seeing a lot of this lately, as of 2022:

I talked about this "phenomenon" years ago, predicting exactly that this would happen. A reader called me an idiot -- LOL -- at the time.

Frack Spreads -- September 27, 2022

UPDATE, from a reader: Enervus (drillinginfo.com) has a service that allows you to track the location of frac crews.

A reader's inquiry:  Can you direct me to a site that tracks the fracking/completion crew activity similar to what the ND site provides for Rig Count? I have not been able to find anything.

My reply: I have never found that. I don't think that data is available anywhere. If it is, I've never come across it. 

If that information is available, I would be surprised. 

I've maintained "forever" that most folks who follow the oil industry have never evolved in their thinking from conventional oil to tight, unconventional, shale. This is another example. Most folks are still fixated / focused on rig counts. As I've said "forever," [don't take this out of context], rigs don't matter. Frack spreads matter; completions matter. And yet there is no regulatory requirement to track frack spreads as far as I know. 

This reader is correct: tracking frack spreads is important.

Kraken With Six New Permits -- September 27, 2022

Streaming: link here. Streaming wars.

Streaming wars: who owns what?

Important on many levels. From February 7, 2022.

Netflix: makes sense.

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

Active rigs: 46.

WTI: $78.23.

Natural gas: $6.62.

Gasoline: $2.489.

Six new permits, #39271 - #39276, inclusive:

• Operator: Kraken:
• Field: Burg (Williams); Ellisville (Williams)
• Comments:
• Kraken has permits for six Sumner wells, SESW 1-158-99, 
• to be sited 341 FSL and between 2252 FWL and 2417 FWL

Twelve permits renewed:

• Petro Harvester Operating (10): four FLX permits; four LIG permits and one PTL permit, and one Tafelmeyer permit, all in Burke County;
• Rimrock (2): two Two Shields Butte permits in Dunn County;

Six producing wells (DUCs) reported:

• 31036, 506, Whiting, Westin TTT 11-25H, Sanish, t--; cum 12K 7/22;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2022	31	11546	11636	17184	9156	6584	2514
BAKKEN	6-2022	6	144	0	6958	10	0	0

• 37540, 136, BR, Faye 3B MBH, Elidah, no production data, 
• 36243, 40, BR, Stortroen 1D MBH, Dimmick Lake, minimal production;
• 36986, 795, CLR, LCU Truman Federal 2-23HSL, Long Creek, no production data, 
• 38565, 471, Hunt, Halliday 145-93-15-22H 4, Lake Ilo, no production data, 
• 35753, 1,212, XTO, Tom State 34X-1E2, Allkali Creek, t--; cum 46K 7/22;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2022	25	19854	19879	29028	36386	34923	1403
BAKKEN	6-2022	26	22492	22389	33716	38476	37396	1021
BAKKEN	5-2022	4	3567	3481	4727	5437	5158	270
BAKKEN	4-2022	0	0	0	0	0	0	0
BAKKEN	3-2022	0	0	286	0	0	0	0
BAKKEN	2-2022	4	286	0	3975	662	0	662

Another well with a permit that was PNC'd. We're seeing a lot of this lately, as of 2022:

I talked about this "phenomenon" years ago, predicting exactly that this would happen. A reader called me an idiot -- LOL -- at the time.