Saturday, June 10, 2017

Idle Chatter On A Saturday Night -- June 10, 2017

After the Nasdaq debacle Friday, it's hard to remember that the Dow closed at a new record high.

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Can't Wait To See The Environmental Impact Statement -- June 10, 2017

A little excitement in Texas panhandle this past week:

Oasis Berquist Wells In Banks Oil Field


December 26, 2019: wells have been completed; production data for past year;

December 10, 2018: production has been updated; see below; still on conf, but producing.

October 21, 2018:  it looks like the 4-well Berquist pad in the NW corner of the section (there is another 4-well Berquist pad in the northeast quadrant of the section) has been fracked --
  • 33661, 498, Oasis, Berquist 5298 11-27 2B, 13K in second month; t8/18; cum 309K 12/19;
    DateOil RunsMCF Sold
  • 33660, 145, Oasis, Berquist 5298 11-27 3T, t9/18; cum 178K 12/19;
    DateOil RunsMCF Sold
  • 33659, 637, Oasis, Berquist 5298 11-27 4T, t9/18; cum 206K 12/19;
    DateOil RunsMCF Sold
  • 33658, 903, Oasis, Berquist 5298 11-27 5B, t10/18; cum 284K 12/19;
    DateOil RunsMCF Sold
Original Post

The parent well:
  • 18651, 462, Oasis, Berquist 34-27H, Banks, cased hole, 2.1 million lbs, t8/10; cum 416K 12/19; off-line as of 2/18; still off-line as of 8/18; back on line 9/18;
The graphic:

Making America Great Again -- US Beef Could Be In China By Next Month; Update On LNG Export Terminals In Texas -- June 10, 2017

Link over at Williston Herald. US beef had been banned since 2003 due to mad cow disease concern. New administration was able to get this reversed.

US LNG Exports


June 11, 2017: see first comment; reader doesn't understand the problem. I agree with the reader. 
Original Post
US natural gas boom could snarl traffic at one of America's busiest ports -- Bloomberg.
  • Houston Ship Channel prone to backups in bad weather
  • US LNG exports at record high
  • Panama Canal, at a cost of $5.3 billion, was expanded to accommodate the new traffic
  • approx 20 US LNG export terminals already approved or proposed for the Gulf Coast, more shipsare on the way
  • it would be nice to have more export terminals on east and west coast but widely opposed by local populations
Houston Chronicle has more in-depth article on size / activity of Port of Houston, as well as all the activity going on at smaller ports, including Port of Brownsville, Texas; and, Portland, Texas. At Brownsville:
... there's about $43 billion in projects in the works at the Port of Brownsville, including an LEED-certified steel mill, a pipeline that will cross into Mexico, and three liquefied natural gas plants. The port is also working to win Congressional approval to deepen its ship channel, from 42 feet to 52.
At Portland (Texas):
One of the biggest single projects is Cheniere's new 2,000-acre, $13-billion facility here in Portland. Over 4,000 construction workers are erecting a maze of steel beams, shiny stainless pipes and towering cement tanks, as well as two white-concrete export docks on the coast. The ship berths are almost fully dredged. And the company has a contract on adjacent land that could further expand its LNG production capacity.
Oilprice expands on all the activity along the US Gulf Coast. It's more of the same, capturing some of the data points made above as well as data points made by RBN Energy over the past year.