Friday, May 26, 2017

Regional Sand Mines For Fracking Picking Up In Texas -- RBN Energy -- May 26, 2017

Active rigs:

Active Rigs502984191186

RBN Energy: regional sand mines for fracking starting to pick up in Texas.
  • drilling longer laterals, 10,000-15,000 feet or even longer
  • using more frac sand per linear foot of lateral: 1,500 pounds of sand per linear foot has become typical, and completions with 2,000 pounds and even 3,000 pounds of sand per linear foot are becoming more common
I'm not seeing either in the Bakken: the "standard" horizontal in the Bakken is the "typical" long lateral, about 9,000 feet. And the amount of sand being used is still well under 10 million lbs, though it does seem to be creeping toward 10 million lbs. A 9,000-foot lateral using 3,000 pounds of sand would amount to 27 million lbs. I can count on one hand, maybe two, where more than 20 million lbs of sand has been used to frack a well in the Bakken. At least as far as I am aware.

I don't capture them all but I try to remember to update the list of high-intensity fracks in the Bakken at at this post.

Gasoline prices:
Gasoline prices heading into Memorial Day weekend average $2.40 per gallon (gal) nationally, up from last year's price of $2.30/gal.
Despite the year-over-year increase, 2017 marks the second-lowest price ahead of the Memorial Day weekend since 2009, when the national average price of retail regular gasoline was $2.31/gal.
Relatively low crude oil spot prices, weaker year-over-year gasoline demand, and high gasoline inventories have contributed to relatively low gasoline prices. --- EIA

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