Thursday, November 8, 2012

On Tap For Friday: Wells Coming Off Confidential List

RBN Energy: continues the series on crude oil pricing at Cushing. This time -- the roll adjust mechanism that links the NYMEX CMA back to physical price timing and then the WTI Postings Plus (P-Plus) alternative mechanism used to price WTI at Cushing.

These are the Madson wells, in section 33-153-95, on a 3-well pad, in the Williston area, October, 2012, sent in by a reader, southeast of Williston in the Charlson field:
  • 22860, 1,471, XTO/Denbury Onshore, Madson 22-33SEH, Charlson, t10/12; cum 138K 8/14;
  • 22861, 1,594, Denbury Onshore, Madson 22-33SH, Charlson, t9/12; cum 133K 8/14;
  • 22862, conf, Denbury Onshore, Madson 11-33SWH, Charlson, t10/12; cum 138K 8/14;

Wells coming off the confidential list:
  • 10327, 431/25, Red River/Red River B, Encore/Total Petroleum, Olson 1-30, Horse Creek, for the Red River, t1/84 with cum of 212K now PNA; for the Red River B, t8/12; cum 14K 8/14;
  • 21487, 762, BR, Bartlett 11-16TFH, Murphy Creek, t9/12; cum 45K 9/14;
  • 22857, 358, CLR Willie 2-36AH (the "AH" designation has been discussed earlier); t8/12; cum 88K 8/14; 
Finally: rationing of gasoline in Sandy-hit area of NYC;
Earlier today it was reported that the gasoline crisis could last weeks. Human nature and hoarding. Hofmeister pointed that out several days ago (no link unfortunately; happened to catch part of an interview on CNBC; that must have been last week).