Oasis Production - 4

 Production statement dated: 6/28/2024.

ND File #	Well Name	Recent  statement		May 24	Apr 24	Mar 24	Feb 24	Jan 24	Dec 23
19574	Grimstvedt Federal 5703 42-34H	X		282	306	0	298	242	229
21266	Dahl Federal 15-11H	X		3,948	2,774	3,110	2,799	2,603	3,144
33130	Peregrine 5401 42-24H	X		696	832	1,093	997	519	482
38782	Peregrine 5401 42-24 4B	X		10,460	10,092	11,181	9,099	17,361	18,746
38781	Peregrine 5401 42-24 3B	X		11,555	11,894	15,803	12,592	8,663	16,843
33499	Osprey 5401 44-23H	X		931	929	988	743	116	625
39321	Osprey 5401 44-23 3B	X		11,167	9,824	5,884	12,686	9,950	18,002
22475	Dishon 1-30H	X		559	843	780	850	696	725
23762	Nelsen State 24X-33A	X		950	1,907	1,102	751	514	1,216
23761	Nelsen State 24X-33F	X		456	792	473	495	225	981
20971	Nelsen State 24X-33R	X		473	664	957	473	564	913
38770	Dahl E Ffederal 5301 13-14 2B	X		6,617	6,667	3,119	8,464	10,959	13,901
38771	Dahl E Federal 5301 13-14 3B	X		8,225	12,119	13,764	10,399	9,826	10,557
38772	Dahl E Federal 5301 13-14 4B	X		11,176	4,643	4,988	9,341	16,268	19,745
39281	Osprey 5401 43-22 2B	X		9,255	15,430	16,202	8,459	6,970	16,557
38780	Peregrine 5401 42-24 2B	X		11,461	11,429	12,580	9,609	6,570	17,791
39322	Osprey 5401 44-23 4B	X		6,513	7,455	8,868	9,940	11,249	16,812
39323	Osprey 5401 44-23 5BX	X		10,458	8,177	7,491	11,808	15,071	21,120
36924	Dahl 5301 43-11 6B
36925	Dahl 5301 43-11 7B
36926	Dahl 5301 43-11 8B
39117	Osprey 5401 43-23 5BX
39118	Osprey 5401 43-23 4B
39119	Osprey 5401 43-23 3B
39049	Bergem 5199 43-33 2B	X		47,490	31,698	38,374	34,085	42,468	38,422
39051	Bergem 5199 43-33 4B	X		38,100	37,436	38,960	36,306	38,355	44,961
39052	Bergem 5199 43-33 5B	X		35,114	37,406	36,869	32,764	36,194	39,084
39054	Bergem 5199 43-33 7B	X		32,750	41,378	41,543	35,226	38,951	38,330
39050	Bergem 5199 43-33 3T	X		25,049	32,564	37,606	29,575	34,684	30,742
39053	Bergem 5199 43-33 6T	X		19,321	27,506	33,163	25,472	30,359	27,201
38773	Dahl E Federal 5301 13-14 5B	X		8,308	5,775	8,411	9,753	8,847	10,539
		0	0	311,314	320,540	343,309	312,984	348,224	407,668

Notes Re: Two Grayson Mills Affecting A Reader -- July 5, 2024

Locator: 10010GraysonMill. This well will not affect the reader. Ignore.

• 40077, conf, Devon Energy, Cuda 15-27F 3H, Round Prairie, 

Date	Oil Runs	MCF Sold
11-2025	23063	22347
10-2025	25860	23321
9-2025	38992	33502
8-2025	27306	17961
7-2025	25897	11755

 Original Post

Locator: 10010GraysonMill.

Rambling thoughts / comments on the most recent Grayson Mill production statement received from a reader, dated June 28, 2024.

Fourteen wells total; two wells of interest this statement.

Two Wells Of Interest

Cuda 14-26F XE 1H: see this post.

• 39756, 2,177, Grayson Mill, Cuda 14-26F XE 1H, Round Prairie, super long horizontal -- three sections, t11/23; cum 163K 5/24; affects the reader only because it is a section line well; future Cuda wells will not affect the reader.  Insert sad face here. 

Williston 30-31F XE 1H: see this post.

• 39366, drl/A, Grayson Mill, Williston 30-31F XE 1H (in the Brakken unit as a  section line well). Noted July 24, 2023. Catwalk oil field; first production January, 2024, an incredibly huge well, producing 62,432 bbls in the first 28 days; cumulative production through May, 2024: 196,724 bbls of crude oil; t1/24; cum 377K 11/25;
• How big is this well? In the early days of the Bakken, a well might produce 100,000 bbls of oil in one year, and maybe 150,000 bbls in two years. In this case, this well produced almost 200,000 bbls in the first five months.
  

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CUDA 14-26F XE 1H

This is important because it's been producing oil for about six months and this is the first check received for this well. It's a section line well as noted by the "XE" in its name, and thus, even if it's a big well, the royalties paid will be significantly less because it is a six-section drilling unit instead of the standard two-well drilling unit.

This is also important because it represents a brand new well in this area for the reader and it confirms Grayson Mill has the deed from the reader to confirm the reader has interests in this well / this drilling unit.

The Cuda well is located in an area in the Bakken that will not produce particularly remarkable wells.

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Williston 30-31F XE 1H

This well is very, very exciting. It is located in the Catwalk oil field just southeast of Williston near the Anna wells in Last Chance oil field. This is an incredibly good field and will produce a lot of great wells eventually.

Like the Cuda well above, this well (the Williston 30-31F well) is a section line well, and likewise, no matter how good the well is, the royalties will be significantly reduced because the spacing is four sections, twice the size of the standard two-section Bakken well.

However, having said that, the reader has minerals in the drilling unit to the east, the Brakken drilling unit, of this Williston 30-31F section line well. At some point down the road, Grayson Mill will put in at least eight new wells and perhaps as many as sixteen new wells in that Brakken drilling unit. 

These wells will most likely be much better than the Anna wells.

COP To Acquire MRO --- July 1, 2024

Mineral owners in the Bakken may be receiving royalties from MRO.

MRO could remain a wholly-owned subsidiary of COP and and royalties still coming from MRO.

Or MRO could be absorbed by BR (a wholly-owned subsidiary of COP) or something entirely else.

We won't know for awhile.