Saturday, June 24, 2017

CLR Getting Ready To Frack The Rath Federal Wells? -- June 24, 2017

Updates

June 25, 2017: see first comment. Looks like CalFrac is on-site.

Original Post 

I noted that the one Rath Federal well that is active and producing is now off-line. There are no rigs in the area according to the NDIC map. It's possible the well was taken off-line for operational reasons, but whenever I seen a pad with several DUCs, and an active well goes off-line, I at least have to consider the possibility the operator is getting ready to frack the pad.

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Glut

The US glut of crude oil is a glut of light, sweet oil. OPEC does NOT produce light, sweet oil. From a twitter post. Refineries along the US gulf coast are optimized for heavy oil, like that produced in the western Canadian oil sands (Keystone XL pipeline) and Venezuela (imploding).

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