Monday, September 2, 2019

QEP ND Levang Wells In The Grail Oil Field -- Newer Ones Unremarkable -- September 2, 2019

New wells in QEP's Helis Grail have been completed. Unremarkable.

CLR's Sakakawea Federal Wells Have Been Completed -- September 2, 2019

The Sakakawea Federal wells are tracked here

The well:
  • 33094, 3,043, Sakakawea Federal 14-19H, t1/19; cum 193K 6/19; MB 1280;
Production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN6-20193024273243111440330922262804528
BAKKEN5-20193126023260111473633672313992153
BAKKEN4-20192924008240741420030962263024513
BAKKEN3-20193131111310841885640671383132185
BAKKEN2-20192833673338142045042903403242422
BAKKEN1-20192751285509823662757928551922414
BAKKEN12-20180000000
BAKKEN11-20180000000
BAKKEN10-20180000000
BAKKEN9-20180000000
BAKKEN8-201852507250797342103421

Enerplus "Wild Flower" Wells Have Been Completed; Still On Confidential List-- September 2, 2019

Still on the confidential list but the Enerplus "Wild Flower" wells are now completed.

XTO's Tom State Wells In Alkali Creek

The graphics:



The wells:
  • 36839, conf, XTO, HBU Muller 31X-12EXH,
  • 36838, conf, XTO, HBU Muller ...
  • 36837, conf, XTO, HBU Muller ...
  • 36836, conf, XTO, HBU Muller ...
  • 36835,
  • 36834,
  • 36833,
  • 36832,
  • 36831,
  • 36830,

  • 35750, conf, XTO, Tom State 34X-1CXD, Alkali Creek,
  • 35751, conf, XTO, Tom State ...
  • 35752, conf, XTO, Tom State ...
  • 35753, conf, XTO, Tom State ...
  • 35754, conf, XTO, Tom State ...
  • 35755, conf, XTO, Tom State ...

Shut Out -- September 2, 2019

Prior to earlier today, when where the New York Yankees last shut out? 220 games ago. Last time the New York Yankees were shut out was June 30, 2018. Until earlier today. Texas Rangers (Dallas) shut out the Yankees today, 7 - 0.

Whoo-hoo!

XTO's Bobcat Federal Wells Now Being Reported -- September 2, 2019

Early report: the XTO Bobcat Federal wells in Bear Creek are not particularly remarkable.

See wells here.

Something tells me these wells will do fine six months from now.

The Hess AN-Dinwoodie Wells Have Been Fracked; The Older Ones Are Starting To Come Back On Line -- September 2, 2019

The Hess An-Dinwoodie wells are now fracked; the older ones are starting to come back on line. These wells are tracked here.

The well:
  • 53-94-2833H1, Antelope, Sanish pool, t7/11; cum 251K 1/19; off line since 1/19;
    PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
    SANISH6-20190000000
    SANISH5-20190000000
    SANISH4-201912001110
    SANISH3-20190000000
    SANISH2-20190000000
    SANISH1-201914760947214139213920
    SANISH12-20182616061442250283628360
    SANISH11-2018301791187523331033100

Texas Renewable Energy Scam; Notes From All Over, Part 1 -- September 2, 2019

A continuation of "those not paying attention are missing an incredible investing opportunity."

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, career, or relationship decisions based on what you read here or think you may have read here.

Beef: this is one of many stories suggesting the US beef story is likely to get better, much better, especially in Asia. From The WSJ: ravenous China could spice up US meat stocks.  Connect this with the China pork story, from the linked article:
China’s plummeting hog population is a tailwind for U.S. meat producer Tyson Foods, despite the trade war.
For much of 2019, U.S. pork has faced Chinese tariffs upward of 50%. But the value of U.S. meat exports in aggregate was still up 8.3% on the year in June, the fastest growth since May 2018.
The reason: The enormous pork shortage is sucking meat into China at an astonishing rate. Total meat imports in July were $1.7 billion, up close to 90% from the year before.
Comment: making America great.
****************************************
Texas Renewable Energy Scam

"Green New Deal" preview? Georgetown, Texas -- scammed (https://www.foxnews.com/opinion/green-new-deal-preview-texas-town-environmentalism-chuck-devore). Interestingly enough, I posted this story back on January 29, 2019.

Texans pay more for electricity now than other major markets. A wholesale price record is to blame. One company, Griddy, is paying a steep price.
Did you hear that the wholesale cost of electricity in Texas this month spiked to around $9,000 a megawatt hour? At one point, wholesale prices were said to have surged 36,000%.

Those aren't typos. Bloomberg News reported, "It's a record that has turned the Lone Star State into the most expensive place to buy power in all of America's major markets."

One Plano customer sent me his bill showing he paid almost 25 cents per kWh. His bill for only the first two weeks of August is a whopping $641.

Most electricity customers are locked into fixed-price contracts. They don't feel that kind of pain. These contracts are supposed to protect them from sticker shock.

But there's one group of customers that was hit especially hard. This group had little protection. These are customers of Griddy, which says it offers customers wholesale prices "by connecting them directly to the grid" without middleman markups.
And now from Dallas News, Texas to scrutinize "misleading" electricity plans on Power to Choose website. Some Texas electricity plans advertise prices as low as 2.3 cents per kilowatt hour, but could end up costing a customer four or five times more.

I've wondered for four or five years why electric rates seem to be so high in Texas. Only because we don't need much air conditioning or heating our bills are reasonable, but the rates are ridiculous.

Wells Reporting Inital Production Data This Next Week -- September 2, 2019

35090, conf, Liberty Resources, AZ 158-93-13-24-4MBH, Enget Lake:

DateOil RunsMCF Sold
6-20199270

 34174, conf, CLR, Ravin 6-1H1, Dimmick Lake:

DateOil RunsMCF Sold
3-20199470

36089, conf, WPX, Ruby 31-30HEL, Antelope:

DateOil RunsMCF Sold
6-20191650

 34226, conf, Oasis, Nelson 5298 11-4 2TX, Banks:


DateOil RunsMCF Sold
6-20192149356776
5-20193018280270
4-20191585456031
3-20191413436410

Wells Coming Off The Confidential List This Next Week -- September 2, 2019

Monday, September 9, 2019: 26 for the month; 158 for the quarter:
35954, conf, RimRock, Two Shields Butte 5-7-8-8H, 
35754, conf, XTO, Tom State 34X-1A, 

Sunday, September 8, 2019: 24 for the month; 156 for the quarter:
35979, conf, Newfield, Sturgeon 150-98-18-19-3H, 
35753, conf, XTO, Tom state 34X-1E2, 

Saturday, September 7, 2019: 22 for the month; 154 for the quarter:
36014, conf, RimRock, Two Shields Butte 5-7-8-1H3U,
35752, conf, XTO, Tom state 34X-1B, 
35222, conf, Hess, BB-Federal A-LS-151-95-0915H-6, 

Friday, September 6, 2019: 19 for the month; 151 for the quarter:
35811, conf, WPX, Ruby 31-30HG, 
35751, conf, XTO, Tom State 34X01HXE,
35090, conf, Liberty Resources, AZ 158-93-13-24-4MBH, 
34306, conf, XTO, Rough Federal 44X-23B, 

Thursday, September 5, 2019: 15 for the month; 147 for the quarter:
36015, conf, RimRock, Two Shields Butte 5--24-16H3U,
35223, conf, Hess, BB-Federal A-LS-151-95-0915H-5, 

Wednesday, September 4, 2019: 13 for the month; 145 for the quarter:
35810, conf, WPX, Ruby 31-30HS2, 
35750, conf, XTO, Tom State 34X-1CXD,
35224, conf, Hess, BB-Federal A-LS-151-95-0915H-4, 
34305, conf, XTO, Rough Federal 44X-23F, 
34174, conf, CLR, Ravin 6-1H1

Tuesday, September 3, 2019: 8 for the month; 140 for the quarter
35225, conf, Hess, BB-Federal A-LS-151-95-0915H-3, 
34755, conf, MRO, Higgins 31-26TFH

Monday, September 2, 2019: 6 for the month; 138 for the quarter
36089, conf, WPX, Ruby 31-30HEL,
34226, conf, Oasis, Nelson 5298 11-4 2TX
24018, conf, Slawson, Wolverine Federal 7-31-30TFH

Sunday, September 1, 2019: 3 for the month; 135 for the quarter
35226, conf, BB-Federal A-LS-15-95-0915H-2, 
34756, conf, MRO, Snider 41-26TFH,
34304, conf, XTO, Rougth Federal 44X-23C, 

Saturday, August 31, 2019: 0 for the month; 132 for the quarter
None. (There was no February 31) 

Energy Transfer Excited About Two Projects -- One In The Bakken -- Motley Fool; In Other Notes, New Record Set -- September 2, 2019

Link here. Neither is new but a reminder how big the Bakken expansion project is.  Energy Transfer CFO highlighted two projects that the company is very excited about:
  • the joint venture with Shell to develop the Lake Charles LNG export facility; and, 
  • market interest from shippers to consider expanding the Bakken DAPL pipeline from 0.570 million bopd to as much as 1.1 million bopd
Onshore record: Alaska well sets onshore record, reported over at Rigzone. Data points:
  • the international, supermajor, oil and gas producer was not identified
  • the record: the longest-reach on-shore well
  • TD = 32,468 feet (compare with standard lateral of 20,000 feet in the Bakken; and an extended long lateral in the Bakken at 24,000 feet)
  • reported by Houston-based technology startup Corva
  • Corva provided real-time drilling and completion analytics during the operation
  • in the National Petroleum Reserve of Alaska's North Slope
  • advanced technology apparently used to prevent drill string breaks that would require removing and replacing the entire string
Philadelphia refiner: the one that recently declared bankruptcy is looking for a buyer. Nothing else to be reported.