Project Springboard (SCOOP Related)


#246

Rick - I think they will do just that… Drill one section wells for the Springer in Sec 20. There were what looked like two drilling pads on the north side of Sec 20, so maybe when those 2 rigs finish up on Row One they will just move across the road and start drilling Sec 20. Now watch them do something totally different. :wink:


#247

We signed our Division order for well Winter Creek 2 with Marathon back in early July and have not heard anything about production. I did hear about he Continental was going to take over our sections 24 and 25. Anyone hear anything about it. After Winter Creek 1 had that problem and it was not producing due to some issue. We have received little to nothing in royalties from Marathon. Anyone know anything? Sorry if I sound loopy, I am in the hospital having joint replacement.

John


#248

I wish I had a board like this for my sections. This makes so much sense.


#249

Now if we only knew how the fracking was keeping up with drilling…No completions on row 1 showing up as completions yet…Really wanting to see production from latest tech used in Springboard…I KNOW PATIENCE AND PRUDENCE …LOL


#250

it is very likely that they are going to use a zipper frac with the new wells. They will drill a bunch in the same section, then wait and frac them all at the end with the best technology for the area. Doing several at once saves a bunch of money since there is only one transportation cost, set up cost, one crew, etc.


#251

Great video on fracking.

Better understanding of why it costs $10 million to drill.


#252

Yep.

LNG exports are good for Scoop!


#253

Here’s a very short video about zipper fracking.


#254

for those who track production in the springboard area, Coffeville has not posted production (occ site)since 7/2 for April, so 3 months. Any ideas why, coincident with CLR mineral buying spree…other factors…Ideas how to get production numbers?


#255

And they are both going to go to zero for simple economic reasons and so will the others, like South Korea.

Yep.

But they’ve got to watch out for the CHEATING.

A vessel carrying 2 million barrels of Iranian oil discharged the crude into a bonded storage tank at the port of Dalian in northeast China………A person at the CNPC-owned storage site who refused to identify himself when contacted by Reuters said it is “impossible” that the oil is stored there.


#256

$3.50 here we come?

Natural gas up to $3.33.

So $3.50 is pretty much a DONE DEAL.

But it’s not even winter yet.

So how about………$4.00 here we come?


#257

1 million barrels of Iranian oil coming off the market and Iran says we can’t make it up.

November 4 is the day the sanctions on Iranian oil really take off.

_But they’ve got to watch out for the CHEATING.

A vessel carrying 2 million barrels of Iranian oil discharged the crude into a bonded storage tank at the port of Dalian in northeast China………A person at the CNPC-owned storage site who refused to identify himself when contacted by Reuters said it is “impossible” that the oil is stored there.

And that’s where the problem is, CHEATING.

The object of the sanctions is to prevent Iran from selling its oil, NOT to raise the price of oil.

And with all the CHEATING, the higher the oil price, the MORE Iranian oil gets sold.

Iran produces its oil at $15 a barrel.

https://knoema.com/vyronoe/cost-of-oil-production-by-country

So at $80 dollars or $100 a barrel, they could CHEAT and sell there oil for $40 or $50 and still get rich.

There’d be plenty of CHEATERS out there to buy at such a bargain price.

So it may be necessary for the price of oil to DROP in order to make the November 4 sanctions effective i.e. cut off the flow of oil money to Iran.

That may be why the price is dropping lately and that means it could drop even LOWER.

Some are predicting $50 oil.

We’ll soon find out!


#258

About time for them to get fracking on the Springboard, if the year end reports are going to matter. Obviously they are working on getting pads and infrastructure in place first…


#259

As a mineral owner who also uses a sizeable amount of fuel for farm production, this looks like an excellent time to add additional fuel storage capacity. I will wait for the prices to drop. Hopefully oil prices will rise before my well in 11-7N-7W starts producing.


#260

Am I correct that the Cash 2-26-23 is drilled from the same pad (sec35) as Martha 2-35-2-11 ???

Cash headed north and Martha headed south???


#261

By George… your are right! :thinking::wink::grinning:


#262

Continental Resources has it’s October 2018 Investor Update HERE

Capture%20CLR%208-2018%20Investor%20Update


#263

Increased Density Sec 21-7N-6W Four more Springer wells. Increased Density Sec 20-7N.-6W Five more Springer wells.


#264

Any activity in Row 3 of the Springboard?


#265

Martha2-35-2-11 Headed south into Row 3…