Monday, January 4, 2021

Three Wells Coming Off Confidential List Today -- January 4, 2021

Active rigs:

$48.37
1/4/202101/04/202001/04/201901/04/201801/04/2017
Active Rigs1355635440

Three wells coming off the confidential list today --

Monday, January 4, 2021: 3 for the month, 3 for the quarter, 3 for the year.

  • 36706, drl/A, Hess, BL-Amelia-156-95-1514H-8, Beaver Lodge, first production, 7/20, t--; cum 88K 11/20;

Sunday, January 3, 2021: 2 for the month, 2 for the quarter, 2 for the year.

  • 36381, drl/A, Hess, EN-Enger-156-94-1423H-5, Big Butte, first production, 7/20; t--; cum 82K 11/20; see below

Saturday, January 2, 2021: one for the month, one for the quarter, one for the year.

  • None.

Friday, January 1, 2021: one for the month, one for the quarter, one for the year.

  • 36250, conf, Slawson, Osprey Federal 3-26-29H, Big Bend, no production data.

RBN Energy: the top ten RBN prognostications for 2021.

  • US natural gas is now totally dependent on exports to balance supply and demand (10)
  • US producers will now shut in wells to prevent a total price collapse (9)
  • in crude oil markets, it's all about the Permian (8)
  • midstreamers hanging on to minimum volume commitments "for dear life" (7)
  • the big story: propane (6)
  • low crude oil prices do not mean high natural gas price (5)
  • ethane will see better days in 2021 (4)
  • Houston will be the exporter of crude oil; stealing volume from Corpus Christie, others (3)
  • hydrogen is the new momentum fuel (2)
  • shale operators, in mature market phase, is now risk-averse (1)

***********************************************
Big Butte -- It Certainly Is

The well:

  • 36381, drl/A, Hess, EN-Enger-156-94-1423H-5, 33-061-04470, Big Butte, first production, 7/20; t--; cum 82K 11/20; initial production; 42,281 over 24 days extrapolates to 52,851 bbls crude oil over 30 days; fracked 5/14/20 - 5/23/20; 7.0 million gallons of water; 86% water by mass;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN11-202030115341152016396000
BAKKEN10-2020291130211218183297373729479
BAKKEN9-2020001100000
BAKKEN8-2020241667916727891322660149477713
BAKKEN7-202024422814212315453410371105929978

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