Monday, November 20, 2017

Nebraska Regulators "Approve" Keystone XL -- We'll See Where This Goes -- November 20, 2017


Later, 1:32 p.m. Central Time: UNP announces a 10 percent dividend increase to 66.5 cents per share.  The increased dividend is payable December 28, 2017, to shareholders of record as of November 30, 2017. Nice.

Later, 1:19 p.m. Central Time: with the regulators voting "yes" only for an alternate route, I see this as a "no" vote, and ultimately a deal killer for the Keystone XL. From Moody's this morning:
Moody's Investors Service has released a brief statement on the Nebraska Public Services Commission's 2-3 vote to approve an alternate route to the proposed Keystone XL Pipeline. Feel free to use this quote if you're covering the story, and please attribute it to Gavin MacFarlane, a vice president at Moody's Investors Service and the lead analyst on TransCanada:
"While today’s Keystone XL pipeline approval is an important milestone, it does not provide certainty that the project will ultimately be built and begin operating. Pipeline construction would negatively affect TransCanada’s business risk profile through increased project execution risk, and would likely put pressure on financial metrics."
Original Post

Headline: Nebraska regulators "approve" Keystone XL; I haven't seen the story yet; the devil is in the details, as they say.

NFL-free Sunday night. Observations:
  • I did not watch the game but I watched the lead-in to see if NBC would televise the national anthem ceremony; the network did not; good move
  • in hindsight, everyone will agree -- even Jerry Jones, though he won't admit it -- that the Cowboys handled the Ezekial Elliot situation entirely wrong
  • final score: home-boy Carson Wentz defeated America's team 37 - 9
  • at the half, according to the box score, it was 7 - 9; and in the second half it was 30 - 9; yup, it appears that neither the Cowboys offense or defense came out of locker room for the second half, perhaps out of respect for Kaepernick
NASCAR race, championship yesterday: incredibly good race; I missed the opening (I might mention that later). It seems every "big name" that I know in NASCAR is retiring this year

Market: whoo-hoo! Essentially "everything" is up today. GE is already trading down another 25 30 cents. WTI - ouch!

Wells coming off confidential list today. See this post, also. Observations:
  • nine wells come off the confidential list today; five of them -- more than half, are SI/NC
  • of the four reporting, three are huge wells (one is really, really huge); and, the fourth will eventually be a great well
  • the Brooklyn oil field is a huge (wonderful) surprise
  • note the different amounts of proppants used in the two Brooklyn wells
  • another Hanover well comes off confidential list -- this will be an interesting pad to follow
  • look at the huge production in that HRC Fort Berthold well; t5/17; as of 9/17 had produced over 140K crude oil; moderate frack; Three Forks
Monday, November 20, 2017: 48 for the month; 85 for the quarter
  • 33178, SI/NC, Hess, BL-A Iverson-155-96-1312H-7, Beaver Lodge, no production data,
  • 22721, SI/NC, Nine Point Energy, Erickson 155-102-26-25-4H, Squires, no production data,
Sunday, November 19, 2017: 46 for the month; 83 for the quarter
  • 26976, 532, Oasis, Hanover Federal 5300 44-11 3T, Willow Creek, producing, a nice well; Three Forks first bench; 50 stages; 10.1 million lbs; see below; t5/17; cum 76K 9/17;
Saturday, November 18, 2017: 45 for the month; 82 for the quarter
  • 33177, SI/NC, Hess, BL-A Iverson-LE-155-96-1312H-1, Beaver Lodge, no production data,
  • 32976, SI/NC, BR, Dodge 3A TFH, Dimmick Lake, no production data,
  • 30094, 1,506, CLR, Olympia 4-2H1, Brooklyn, a good well; as much as 35K in one month; see below; Three Forks 1; 59 stages; 5.9 million lbs; t8/17; cum 43K 9/17;
  • 30093, 1,854, CLR, Olympia 5-27H, Brooklyn, a good well, as much as 40K in one month; see below, 59 stages; 9.2 million lbs; t8/17; cum 72K 9/17;
  • 29137, 2,421, HRC, Fort Berthold 148-94-36C-25-12H, McGregory Buttes, a great well; as much as 40 K in one month -- see below; Three Forks, 34 stages; 5.1 million lbs; t5/17; cum 141K 9/17;
  • 22722, SI/NC, Nine Point Energy, Erickson 155-102-26-25-3H, Squires, no production data, 
Active rigs:

Active Rigs563965186185

RBN Energy: producer efforts to optimize sand use, procurement, and delivery in Texas.

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