Back to the Bakken
Anticipation: the main purpose of the blog -- the reason I started the blog in the first place -- was to better understand the Bakken. This is going to be a huge, huge week -- we may learn a lot about the Bakken this week. See these posts:
Monday, January 7, 2018:
33752, 708, Oasis, Crane Federal 5300 34-27 9B, 50 stages; 10 million lbs, large white sand/ceramic, Willow Creek; t7/18; cum 94K 11/18;
Sunday, January 6, 2018:
34977, 1,767, Hess, EN-Dobrovolny A-155-94-2413H-8, 60 stages; 8 million lbs large/medium sand, Manitou, t10/18; cum 11/18;
34976, 1,600, Hess, EN-Dobrovolny A-155-94-2413H-9, 60 stages; 8.4 million lbs large/medium sand; Manitou, t10/18; cum 30K 11/18;
32799, 1,873, EOG, Clarks Creek 24-0706H, 59 stages; 19 million lbs 100 mesh sand; Clarks Creek; t6/18; cum 228K 11/18;
32798, 1,744, EOG, Clarks Creek 107-0706H, 57 stages; 18.5 million lbs 100 mesh sand, Clarks Creek; t7/18; cum 175K 11/18;
32797, conf, EOG, Clarks Creek 72-0706H, Clarks Creek; a huge well;
30889, SI/NC, Oasis, Stenberg 5199 11-9 9B, Poe, no production data;
Saturday, January 5, 2018:
34990, SI/NC Petroshale, Horse Camp West 2MBH, Mandaree, producing;
34975, 1,719, Hess, EN-Dobrovolny A-155-94-2413H-9, 60 stages; 8.4 million lbs large/medium sand, Manitou, t10/18; cum 23K 11/18;
33431, SI/NC MRO, Birds Bill USA 41-2TFH, Reunion Bay, no production data,
RBN Energy: are more US LPG export terminals needed?
Way back in 2012, the U.S. flipped from being a net LPG importer to a net exporter. Since then, exports by ship have skyrocketed, up from 0.3 MMb/d in 2013 to more than 1.1 MMb/d at year-end 2018, an astronomical compound annual growth rate (CAGR) of 30%. The vast majority of waterborne exports was out of a handful of LPG terminals along the Gulf Coast. These facilities — plus Ferndale in the Pacific Northwest and Marcus Hook near Philadelphia — so far have managed to handle the increasing flow of LPG, but with U.S. NGL production still rising, it looks like new export capacity is needed — and is on the way. All the while, imports of LPG, almost all from Canada, have remained relatively flat, averaging only 130 Mb/d in the 2013-18 period. Today, we begin a series on existing and planned LPG export capacity along the Gulf, West and East coasts — and what’s driving the build-out of these assets.
I Had My Camera Ready When I Showed Sophia
The Most Recent Jobs Report
The jobs report: here, here, and, here.
Tag: Sophia's surprise.