Cumulatives of EOG's Liberty Wells in Van Hook field have been updated
Speaking of sand
Now we know why EOG has its own sand mines in Wisconsin (or wherever they are)
Speaking of sand
Richardton, North Dakota: City commissioners unanimously agreed to allow annexation of nearly 80 acres of land south of the railroad for a fracking sand railroad depot during a meeting Monday at City Hall
Now we know why EOG has its own sand mines in Wisconsin (or wherever they are)
For newbies: BEXP impressed us with 4 million pounds of proppant (sand/ceramic)
EOG: 9 million pounds of sand on a short lateral
The IPs for Tuesday, August 22, 2012, have been posted.
- 21239, 1,315, EOG, Wayzetta 156-3329H, Parshall, t3/12; cum 116K 6/12; some can check the well file and tell me if I'm wrong, but it appears they used over 9 million pounds to frack in 42 stages; wow; and "holy mackerel," the gas units averaged 1,931 units and almost hit 9,000 units at the max; the original paperwork suggested this was to be a Three Forks well, but the report says it ended up targeting the middle Bakken; crossing from spud site in section 33, through northeast corner of section 32, and ending in section 29, this is slightly longer than a typical short lateral, at least from what I can tell (for newbies: I am an amateur at all this, and could be quite wrong). This well, already at 116,000 bbls cumulative, is on its way to being paid for; and, in less than three months.
- 21378, 663, EOG, Wayzetta 124-3334H, middle Bakken, t3/12; cum 74K 6/12; someone can check the well file and tell me if I'm wrong but in 32 stages they used almost 7 million pounds of proppant, no ceramics; although geologic markers took it into the Three Forks, the narrative says the Middle Bakken was the target; gas units averaged 402 units with a max of just over 3,000 units. the horizontal crossed the section line and appears to be a bit longer than a standard short lateral
- 16746, 695, EOG, Pederson 1-33H, t6/09; cum 316K 6/12; the well file is not particularly helpful; it was a short lateral; geologic marker was upper Bakken shale, but I assume this was a middle Bakken well; most notable: like all wells at this time, 500-foot setback required. Think about that, and then think about 2560-acre spacing. 500-foot setback at both heel and toe leaves a bit of ground untouched. For one well, maybe not a big deal, but in the aggregate ...
Note for Newbies
For newbies, note: I often go back through the blog, updating older posts. With your first to the blog on any given day, you may want to scroll down to check the last several posts.
Gasoline Prices at Record Seasonal Highs
Eagle Ford Oil Creates Challenges/Opportunities for Refiners, Bloggers
Some of the increase is due to lack of refinery capacity -- didn't we just have excess capacity earlier this year? Anyway, I digress. The Richmond, California, refinery fire is blamed for part of the increase in the price of oil. One refinery fire -- and a small fire at that (less than a few minutes to put out?) -- and we have record seasonal gasoline prices.
Retail gasoline in the U.S. rose to a seasonal high after refinery upsets cut fuel supplies and crude traded near a three-month high.The national average price for regular gasoline gained 2.3 cents to $3.744 a gallon this week, and was up from $3.581 a year ago, the Energy Information Administration said in report yesterday. That's the highest level for this season since at least 1990, when the agency began collecting prices.
As I said yesterday: I wish we were paying $3.75 for gasoline here in southern California. The price of gasoline in downtown Los Angeles is over $5.00 (I assume the same for Chicago, New York City, and Washington, DC). For most of the LA metropolitan area it looks like gasoline is about $4.19.
So, how does the president think that releasing SPR oil after Labor Day is going to lower the price of gasoline at the pump? I honestly don't get it. Independent Stock Analysis says the same thing. Flooding the market with oil will just fill up the pipes, the storage tanks, but the refineries won't be there to take it. On top of that, the driving season slows significantly after Labor Day. If one wanted to lower the price of gasoline for summer driving, one wonders why he didn't release the SPR oil in April, May, or June of this year.
Eagle Ford Oil Creates Challenges/Opportunities for Refiners, Bloggers
Aesop's Fable: Sour Grapes
Six words: "who is he trying to kid." One more reason I'm glad I no longer watch television. I can view all that craziness on the internet and not be bothered by commercials.