- September, 2014: 3.25 million bopd; not seen since at least 1981; fourth consecutive month over 3 million bopd
- state production has doubled in less than 3 years
- if Texas were a country, it would rank #7 in oil production
“Will this industry slow down? Certainly,” [CLR/CEO Harold] Hamm said today in a telephone interview. “Nobody’s going to go out there and drill areas, exploration areas and other areas, at a loss. They’ll pull back and won’t drill it until the price recovers. That’s the way it ought to be.”
CNBC has been in Williston over the weekend/today -- I don't know for how long. I won't be posting any links to any of their stories specific to the Bakken (if I do, it will be very few). I think there are too many unknowns at the moment to start pinging with all the various videos. We will know more six months to a year from now. I'm not a bit worried, though I could be whistling past the graveyard as they say. However, I do have a comment: if the Chinese were to flood the US or the EU with solar panels, selling them below US/EU/Siemens/GE cost, one can assume what the US and the EU would do. I'll come back to this later when I'm in the mood. I am surprised by my own conclusion. But too busy to get into this now.
Active rigs:
| 12/1/2014 | 12/01/2013 | 12/01/2012 | 12/01/2011 | 12/01/2010 | |
|---|---|---|---|---|---|
| Active Rigs | 189 | 191 | 182 | 196 | 161 |
Compare with last Friday, two or three days ago, depending how you count. This is incredible, considering how miserably cold and messy the weather has been in the Bakken. The good news: the 8 - 15 day forecast looks great for North Dakota.
For newbies, the "active rig count" is taken directly from the NDIC website. It is subject to .... if this information is important to you, scroll through the list on a daily basis.
Wells coming off the confidential list over the weekend and today were posted earlier; see sidebar at the right.
Wells coming off the confidential list Tuesday:
- 26844, drl, XTO, Roxy 21X-6A, West Capa, no production data,
- 27491, conf, Murex, Joey Danyale 27-34H, Writing Rock, producing, a very nice well; now off confidential on 12/9/14
- 27548, drl, CLR, Lansing 3-25AH, Banks, no production data,
- 27709, drl, BR, Haydon 44-22TFH-ULW, Elidah, no production data (wow, the Elidah is active)
- 27951, 793, CLR, Raleight 5-20H1, Dollar Joe, t10/14; cum 1K 9/14;
- 28216, drl, XTO, Rieckhoff 21X-3G, North Tobacco Garden, no production data,
- 28286, drl, XTO, Carus 24X-36C, Lost Bridge, no production data,
- Operators: Whiting -- all three
- Fields: Arnegard (McKenzie), Sanish (Mountrail)
- Comments:
- 23301, 3,042, Statoil, Timber Creek 13-24 2H, Alexander, t10/14; cum 7K 10/14;
- 25530, 1,383, Zavanna, Sylvester 32-29 2H, Springbrook, t11/14; cum --
- 27003, 3,182, Statoil, Brown 30-19 3H, Alger, t11/14; cum --
- 27307, 2,244, BR, Copper Draw 21-27MBH, Johnson Corner, 4 sections, t10/14; cum 5K 10/14;
- 27309, 2,004, BR, Copper Draw 21-27TFH, Johnson Corner, 4 sections, t10/14; cum 9K 10/14;
- 27696, 2,204, BR, Haymaker 41-15TFH-A, Elidah, t11/14; cum --
- 27749, 602, EOG, Wayzetta 51-33H, Parshall, one section, t11/14; cum --
- 27750, 467, EOG, Wayzetta 58-33H, Parshall, one section , t11/14; cum --
- 27751, 799, EOG, Wayzetta 59-3334H, Parshall, two sections, t11/14; cum --
- 27777, 359, Oasis, State 5792 31-15 7B, Cottonwood, t8/14; cum 17K 10/14;
- 27860, 2,351, KOG, P Wood 154-98-16-23-14-1H3, Truax, t10/14; cum 4K 10/14;
- 27861, 1,946, KOG, P Wood 154-98-16-23-15-1H, 4 sections, Truax, t11/14; cum --
- 27862, 2,205, KOG, P Wood 154-98-16-23-14-1H3A, Truax, t10/14; cum --
- 27863, 2,080, KOG, P Wood 154-98-16-23-14-2H3, Traux, t11/14; cum --
- 28235, 683, Statoil, Myron 9-4 7H, Squires, t11/14; cum --
- 19859, 1,102, KOG/Newfield, Chameleon State 153-97-16-21-1H, Banks, t7/12; cum 98K 10/14;
- 22621, 1,561, KOG/Newfield, Chameleon State 153-97-16-21-2H, Banks, t7/12; cum 79K 10/14;
