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Title : CLR To Report Some Huge Wells This Week -- February 24, 2019
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CLR To Report Some Huge Wells This Week -- February 24, 2019

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on anything you read here or think you may have read here.

Note: I remain inappropriately exuberant about the Bakken.

I can't recall if I have ever posted this note on the blog, but I have off-line conversations with readers about the one operator and one non-operator who probably know more about the Bakken than any of the others: CLR and NOG.

CLR: because it literally has wells throughout the Basin and Harold Hamm started accumulating acreage years (decades?) before the boom began.

NOG: because it literally participates, as a non-operator, in wells across the Basin and works with almost every operator in the play. I've blogged about this aspect of NOG before; it was a good post; if I can find it, I will link it. NOG is yet to report earnings; I always enjoy their earnings conference call (via SeekingAlpha).

CLR said that 2018 was a transition year for them. They turned "cash flow positive" and began paying down debt.

CLR will report some very good wells this next week. This is just a few of the best:


The wells:

• 32815, conf, CLR, Brandvik 9-25H, Corral Creek, a huge well, #16510, in the neighborhood was off-line for several months; now back on line; #29555, #23785, #23786, also all in the neighborhood, two of the three remain offline; #29555 has come back on line;

Date	Oil Runs	MCF Sold
12-2018	70516	72086
11-2018	24742	21086
8-2018	1005	0

• 32816, conf, CLR, Brandvik 10-25H2, Corral Creek, a huge well;  

Date	Oil Runs	MCF Sold
12-2018	47686	53394
11-2018	24469	27641
8-2018	1330	0

• 32817, conf, CLR, Brandvik 11-25H, Corral Creek, a very nice well;

Date	Oil Runs	MCF Sold
12-2018	36723	31900
11-2018	31529	28772
9-2018	1535	0

• 34591, conf, CLR, Pasadena 4-11HSL, Banks, a huge well; #21148, #23790, #23791, all in the neighborhood; the latter two were recently fracked for the first time; #21148 fracked back in 2012, showed a huge jump in 10/18; FracFocus does not show data to suggest #21148 was recently fracked; see this post (#21148);

Date	Oil Runs	MCF Sold
12-2018	63786	17628
11-2018	42513	38023
10-2018	7161	6928
9-2018	928	0
8-2018	244	0

• 32818, conf, CLR, State Weydahl 10-36H2, Corral Creek, a huge well;

Date	Oil Runs	MCF Sold
12-2018	39302	44687
11-2018	23213	26259
9-2018	948	0

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