Wells Coming Off The Confidential List Over The Weekend, Monday -- April 12, 2015

Monday, April 13, 2015

• 25072, 1,449, Newfield, Sand Creek State 153-96-16-2H, Sand Creek, one section, not the production profile, 30 stages; 1.8 million lbs, t1/15; cum 34K 2/15;
• 28039, 504, OXY USA, William Kubischta 4-11-14H-143-96, Fayette, 40 stages; 3.4 million lbs, total drilling days 15, t10/14; cum 49K 2/15;
• 29156, drill, XTO, Hanson 11X-12A, Murphy Creek, no production data,

Sunday, April 12, 2015

• 26836, 861, WPX, Wolf Chief 27-34HW, Mandaree, t3/15; cum 5K 2/15; only 9 days of production;
• 26933, drl, CLR, Patterson Federal 7-13H, Camp, no production data,
• 28915, 1,194, Hess, EN-VP and R-154-94-2536H-3, Alkali Creek, t3/15; cum --
• 28986, drill, CLR, Bismarck 6-9H1, Brooklyn, no production data,
• 29012, 1,521, XTO, Nelson 24X-11E, Garden, t3/15; cum -- 
• 29155, drl, XTO, Hanson 11X-12E, Murphy Creek, no production data,
• 29388, drl, SM Energy, George 1B-17HN, Colgan, producing? on DRL status but two days of production = 618 bbl.

Saturday, April 11, 2015

• 26389, drl, BR, CCU North Caost 41-25MBH, Corral Creek, no production data,
• 28923, drl, Slawson, Howo 8-33-4TF2H, Big Bend, no production data,
• 29189, 1,896, BR, Ora 32-24MBH, Haystack Butte, t12/14; cum 6K 2/15; only 8 days of production (3 days in December; 5 days in February)
• 29442, drl, MRO, Force 44-20TFH, Bailey, no test date; one day of production = 595 bbls
• 29483, SI/IA, Statoil, Bures 20-29 5H, Alger, no production data,
• 29627, 821/SI, CLR, Mary 1-16XH, Ranch Creek, t2/15 cum 13K 2/15

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25072, see above, Newfield, Sand Creek State 153-96-16-2H, Sand Creek:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	2-2015	28	9698	9766	1055	13989	0	13737
BAKKEN	1-2015	25	24203	23916	4850	38756	0	38756

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Breaking News: 1000's Of Wells Left Unfracked

This is nothing new to those following the US oil and gas industry. 24/7 Wall Street is reporting:

There are roughly 2,500 to 3,500 drilled, but uncompleted oil wells in the U.S. 

As many as 1,400 of those wells are located in the Eagle Ford shale play in south Texas. 

In February EOG Resources Inc said it would delay a significant number of well completions and plans to close out 2015 with 285 uncompleted wells, up from 200 at the end of 2014. 

Continental Resources Inc., Apache Corp., and Anadarko Petroleum Corp.have also said that they plan to delay well completions until crude oil prices pick up again. 

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Global Oil

I don't think there's anything new in this article that regular readers are not away of, but it has a number of interesting data points.

From this weekend's edition of the WSJ:

Saudi Arabia is struggling to maintain its share of the global oil market in a contest that pits the world’s largest crude exporter against traditional allies in the U.S. and Persian Gulf. 

The Saudi kingdom’s oil exports declined 5.7% in 2014 compared with 2013. Oil shipments to its fastest-expanding customer, China, reached their lowest levels since 2011 in the first two months of 2015, according to the China General Customs Administration. And its U.S. sales nearly halved in January compared with a year earlier, according to the U.S. Energy Information Administration. China and the U.S. are Saudi Arabia’s biggest importers, with 10% and 8%, respectively, of the kingdom’s production. 

The assumption: Saudi Arabia, with its vast reserves of inexpensive-to-produce crude, would be well-positioned to maintain market share and even get new customers after Brent crude-oil prices fell below $50 a barrel early this year from highs of $115 in 2014. On Friday, Brent crude settled at $57.87, up 2.3% on the day. 

Instead, the kingdom has been forced into a fight with OPEC members, cutting its selling price to Asian customers six times in nine months. But Russia and Saudi Arabia’s Persian Gulf allies have outmaneuvered it, cutting better deals with Chinese, Indian and European refineries, industry analysts said. Kuwait, for instance, boosted its exports by signing a 10-year supply deal last year with China’s largest refiner, China Petroleum & Chemical Corp., known as Sinopec. 

The competition could intensify as Persian Gulf countries like Kuwait and the U.A.E. move to boost production to keep market share as global energy demand is expected to rise in the next decade. 

Saudi Arabia’s share of total world output of crude oil fell slightly in 2014 compared with 2013, from 10.3% to 10.2%, according to the International Energy Agency, a Paris watchdog.

Much, more at the link.

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Muscle Shoals

A reader recommended the DVD Muscle Shoals. I ordered it from Amazon a few days ago; the US Postal Service delivered it today -- on a Sunday. It is an incredibly good documentary. I did not know about Muscle Shoals; makes me wonder how I could miss something so big. "Everybody" recorded here, including the Rolling Stones, Aretha Franklin, Linda Ronstadt, Bob Dylan (his first grammy), Lynyrd Skynyrd, Alabama, and the list goes on and on.

A huge "thank you" the reader for the recommendation.