1 Pioneer Oil & Gas Co., South Jordan, Utah, completed its #1 Yankee Mine West wildcat in Section 21-21n-57e in northern White Pine County, Nev. The well, about 45 miles northwest of Ely, was a dry hole. The company planned to drill the well to 4,500 ft. some 48 miles northwest of the nearest production in Blackburn Field in Eureka County. Pioneer also had staked a location for the #1 Yankee Mine about a half-mile south-southeast. The company says it probably will take another look at the seismic before drilling the #2 Yankee Mine well. 2 Royale Energy Inc., San Diego, found several prospective pay zones while drilling its #2 Moon Canyon wildcat in Section 9-16s-21e in northern Grand County, Utah, on the southeastern flank of the Uinta Basin. It drilled the well to 10,300 ft. and logged the well to find more than 50 ft. of gas-filled sands in one target formation and additional sands with production potential. The nearest production is from the discovery well for Moon Ridge Field a mile northwest. There, the #31-15 Moon Ridge tested at an initial potential of 9 million cu. ft. of gas a day from Cedar Mountain below 10,100 ft. 3 Wolverine Gas & Oil Corp., Grand Rapids, Mich., confirmed its Utah Hingeline discovery with a stepout testing at 800 bbl. of oil a day. The #17-2 Wolverine-Federal, in Section 17-23s-1w, Sevier County, produced from the same Navajo zone as the #17-1 Kings Meadow Ranches discovery in the same section. That well initially tested at 700 bbl. of oil a day. Additional perforations in that well increased its production to more than 800 bbl. a day. The Navajo formation in that area is approximately 1,000 ft. thick, thicker than its Nugget equivalent on the Wyoming Overthrust Belt, IHS Energy says. The closest production is 45 miles west-southwest in Emery County. 4 Holbrook Energy LLC, Scottsdale, Ariz., has permitted its #17-1 NZO&G wildcat about 19 miles east-northeast of the town of Snowflake in southwestern Apache County, Ariz. The well is 20 miles west-northwest of St. Johns in Section 17-14n-25e on the southern edge of the Holbrook Basin of eastern Arizona. The company has projected the well to Permian Upper Supai dolomites at 2,200 ft. The only current production from the basin comes from the Pinta Dome/ Navajo Springs Field area, which produces nitrogen and helium from Triassic Shinarump and Permian Coconino at depths shallower than 1,500 ft. The closest production of oil and gas is about 200 miles north in Boundary Butte Field on the Arizona-Utah border, according to IHS Energy. 5 Slawson Exploration Co., Wichita, Kan., permitted a dual-lateral horizontal Bakken exploratory well about 18 miles south-southwest of Culbertson in northern Richland County, Mont. The #1-24H Tornado is in Section 24-25n-54e; its southwest lateral is projected to bottom at 14,376 ft. and the southeast lateral to bottom at 13,895 ft., both in the same section. The closest Bakken production is a mile south, where the #25-2-H Burning Tree-Larson has produced 37,453 bbl. of oil, 21 million cu. ft. of gas and 1,829 bbl. of water from mid-2003 to September 2004. 6 A 4,500-ft. wildcat in a nonproducing township has been scheduled by Eagle Operating Inc., Kenmare, N.D. The company's #1-29 Rollman is in Section 29-156n-79w, some three miles north of Granville in McHenry County, N.D. It will evaluate Madison zones. The only other production in the county is Pratt Field, about 17 miles north-northwest. That 1960s field has produced about 1 million bbl. of oil, 32.3 million cu. ft. of gas and 5.3 million bbl. of water from Madison zones shallower than 4,300 ft. and produced 1,177 bbl. of oil and 18,612 bbl. of water from 13 active wells in September last year. 7 Denver-based Whiting Oil & Gas Corp. completed a discovery for 953 bbl. of oil, 600,000 cu. ft. of gas and 42 bbl. of water a day on a horizontal redrill about 17 miles north-northwest of Medora, N.D., in Roosevelt Field. The #14-33H MOI well, in Section 33-143n-102w, is registered as a Birdbear (Nisku) discovery. Whiting tested the well on a 24/64-in. choke from an openhole zone from 9,733 to 15,705 ft., according to IHS Energy. 8 Luff Exploration Co., Denver, plans two horizontal wells to Red River "B" about 22 miles north-northeast of Buffalo in Harding County, S.D. The company's #C-9H Johnson is in Section 9-22n-6e and will be drilled more than a mile eastward into Section 10. A mile west, the company will drill the #C-8H Harding Springs East Red River Unit in Section 8. About 13 miles west-southwest, the company staked a 15,069-ft. test on the northeastern flank of Buffalo Field. That well, the #E-28H Clarkson, in Section 28-22n-4e, will be drilled west-southwest into Section 30. 9 Medicine Bow Operating Co., Denver, produced 213 bbl. of oil and 21 bbl. of water a day from its #14-16H State exploratory well about 15 miles northwest of Wright in the Powder River Basin of northeastern Wyoming. The horizontal well, in Section 16-45n-74w in southern Campbell County, produces from the Parkman Sand. In its first full month, the well produced 6,377 bbl. of oil and 638 bbl. of water in 30 days. 10 The Great Divide Basin of southern Wyoming hosted a discovery by BP America Production Co. The company's #7-1 Latham Draw, in Section 76-20n-93w, Sweetwater County, is about four miles northeast of Wamsutter. BP drilled the well to 10,587 ft. and tested two fractured Mesaverde zones between 10,145 and 10,485 ft., IHS Energy reports. 11 Forest Oil Corp., Denver, found 22 ft. of high-quality pay and excellent gas shows while drilling the #4-20 Hickory-Federal in Section 20-15n-112w in eastern Uinta County, Wyo. The discovery is about 11 miles southeast of Lyman and was scheduled to test Frontier, Muddy and Dakota gas potential. Forest generated the well internally with 3-D seismic. 12 Jetta Operating Co., Fort Worth, plans an exploratory well to test for Niobrara gas to 2,900 ft. some six miles southwest of Lewellen in western Nebraska. The company's #9-2 RMS is in Section 9-15n-43w in southeastern Garden County. The well is about 0.75-mile south of an inactive discovery completed in 1978 for 285,000 cu. ft. of gas a day and 50 bbl. of water from fractured Niobrara. Jetta recently completed two offsets to that discovery. Both the #9-1 RMS and the #3-1 Storer are waiting for completion equipment. 13 Greeley, Colo., independent CFG Energy Inc. has applied for a permit for a 6,850-ft. wildcat about 13 miles northwest of Wiggins in northeastern Weld County, Colo. The #41-16 Pronghor, in Section 16-5n-61w, will look at Cretaceous zones through the J Sand about a mile west of Greasewood Flats Field and a mile north of Northeast Riverside II Field. Both fields produce oil and gas from the D Sand in the Denver-Julesburg Basin. Last year, CFG completed the #32-8 Pronghorn in Section 8 of the same township. That D-Sand well flowed 47 bbl of oil, 289,000 cu. ft. of gas and 47 bbl. of water a day. The company also has permitted three more J-Sand wildcats in the area. 14 Cabot Oil & Gas Corp., Houston, tested 2.4 million cu. ft. of gas a day at its #1 Single Eagle wildcat discovery in Section 10-44n-17w in western San Miguel County, Colo. The well is about 12 miles southwest of Naturita on the eastern flank of the Paradox Basin. Cabot completed the well in multiple Honaker Trail sandstones. The was a 10,180-ft. directional test designed to test Cutler, Honaker Trail and Ismay with a bottomhole location in Section 15. 15 Brooks Range Petroleum Corp., Wichita, Kan., plans an exploratory well originally proposed by BP Exploration (Alaska) Inc. The company has applied to test in the former Sakonowyak River Unit about 22 miles northwest of Deadhorse on the North Slope. The #1 Sakonowyak River was scheduled to drill to 12,635 ft. from Section 1-12n-12e, Umiat Meridian, to a bottomhole location in Section 36-13n-12e. The primary objective was the Kuparuk "C1" sand. The well will be drilled from an onshore ice pad. 16 Houston-based Aurora Gas LLC tested gas at a rate of 2 million cu. ft. a day from shallow Beluga sand at its #1 Three Mile Creek Unit in Section 35-13n-11w, Seward Meridian, on the west side of Cook Inlet, Alaska. The well is some seven miles north-northwest of Tyonek. The company tested the well in six Beluga intervals between 3,530 and 5,720 ft. It also perforated a Tyonek zone between 7,750-80 ft., but that probably won't be tested until spring when weather allows a rig to cross the inlet. Meanwhile, the well has been cased and shut in.
2023-09-01 - U.S. field production of crude oil rose 1.6% in June to 12.844 MMbbl/d, the highest since February 2020, before the coronavirus pandemic destroyed demand for fuel and other oil products, the Energy Information Administration said on Aug. 31.
2023-07-06 - Oil markets shrugged off the bullish EIA report and traded lower on fears of a U.S. interest rate hike.
2023-07-13 - U.S. natural gas prices are expected to get a lift later this year while WTI crude prices stay relatively flat, according to the latest outlook by the U.S. Energy Information Administration.
2023-09-13 - The extension of OPEC+ and Saudi Arabia production cuts are predicted to make oil and gasoline more expensive.
2023-07-20 - Oil prices are rising, though investors are cautious due to a lower demand outlook.