Wednesday, August 20, 2014

Wednesday -- August 20, 2014

RBN Energy: continuation of the series on Canada losing opportunity to export LNG.
Canada’s National Energy Board already has approved export licenses for nine LNG export projects in British Columbia that, if all built, would demand a total of up to 16 Bcf/d of Western Canada natural gas. Several other LNG export projects also are under development in BC. In reality, though, at most only a handful of all these projects will be financed and constructed. The BC government’s optimistic estimate is that five liquefaction “trains” with a combined gas throughput of 3.5 Bcf/d (to produce up to 25 million metric tons/year of LNG) will be online by 2023. The questions then are, what will it take for a project to advance, and which developers are making the most headway so far. Today, in the second of our Slip Sliding Away series, we start to assess BC’s top LNG export contenders, including a few late-arriving long shots that could surprise.
Active rigs in North Dakota:

Active Rigs191184199193138

The Wall Street Journal
Looks like the Baraq War is escalating: more airstrikes.

Inflation? What inflation? Consumer prices advanced in July at their slowest pace since February, rising only 0.1%.

I mentioned it yesterday; big story for WSJ today: Apple topped $100/share yesterday.

The Los Angeles Times

Top story: LAPD chief faces tense crowd over shooting of mentally ill man. Whatever happened to tasers?

For Investors Only

Disclaimer: this is not an investment site. Do not make any investment decsions based on anything you read here or think you may have read here.

I missed this yesterday. On the radio I thought I heard "them" say that the Dow closed only 7 points blow the all-time high yesterday. If accurate, wow. I thought the pull-back was going to be much worse. And it's up a bit today. Let's see: Yahoo!Finance says the 52-week high for the Dow was 17,151,6. Today, it's trading about 16,950. Okay.

The Yahoo!Finance oil ticker is wrong; the correct number ofr WtI crude oil, September 14, 2014, contract: up about 70 cents, around $95.15. That's fine.

Trading at new highs that caught my eye: AAPL, EEQ, EW,  KMP, UNP.

AAPL is almost at $101. XOM, around $99.

Back to the Bakken:

Wells coming off the confidential list Thursday:
  • 25770, 1,509, Oasis, Nadine Bob 5501 11-1T, Cow Creek, t6/14; cum --
  • 26615, 1,350, Oasis, Brier 5200 11-27 8T2, Camp, ICO spacing, t6/14; cum 18K 6/14;
  • 27187, 346, American Eagle, Ella 4-15-163-102, Skjermo, t6/14; cum 14K 6/14;
  • 27255, drl, Hess, EN-Hanson A-155-94-0607H-2, Manitou,
  • 27359, drl, XTO, Franchuk 24X-19F, Murphy Creek,
  • 27451, drl, CLR, Hatman 8-28H2, Chimney Butte,
  • 27500, drl, XTO, Lyla 24X-10F, Lindahl,
27592, conf, Slawson, Challenger Federal 5-29-32TFH,

Random Look At A Halcon 6-Well Pad -- August 20, 2014

Because I'm traveling -- I only have a few minutes at each stop. A reader sent me this as a comment. I'll bring it up here in case folks don't read comments or miss them. This also makes it google-searchable.

I'll come back to it later this evening. But here's the note, suggesting I check out this 6-well pad mention by Halcon earlier today:
File # __ Name FB =FORT BERTHOLD __ IP BO __ IP MCF __ IP BOE
25207 __ FB 148-95-27B-34-4H __ 2,219 __ 2,408 __ 2,620
25208 __ FB 148-95-22C-15-4H __ 2,149 __ 2,190 __ 2,514
25209 __ FB 148-95-27B-34-5H __ 3,719 __ 3,034 __ 4,225
25210 __ FB 148-95-22C-15-5H __ 2,789 __ 2,784 __ 3,253
26322 __ FB 148-95-27B-34-8H __ 3,317 __ 3,197 __ 3,850
26323 __ FB 148-95-22C-15-9H __ 3,138 __ 3,102 __ 3,655
File # _ Name FB =FORT BERTHOLD _ 17,331 16,715 20,117 for 3,353 BOE/D per well 
Quickly (could be errors):
  • 25207, 2,291, HRC, Fort Berthold 148-95-27B-34-4H, Eagle Nest, Three Forks, 30 stages; 4.5 million lbs "other," proposed TVD, 10,737 feet; TD, 20,441 feet; 1240-acre spacing unit; t5/14; cum 40K 6/14;
  • 25208, 2,149, HRC, Fort Berthold 148-95-22C-15-4H, Eagle Nest, Three Forks, 31 stages, 4.6 million lbs "other"; proposed TVD, 10,553 feet; TD, 20,795 feet; 1280-acre spacing unit; t4/14; cum 44K 6/14; 
  • 25209, 3,719, HRC, Fort Berthold 148-95-27B-34-5H, Eagle Nest, middle Bakken, 32 stages; 4.8 million lbs "other"; propsed TVD, 10,671; TD, 20,808; 1240-acre spacing; t4/14; cum 69K 6/14;  
  • 25210, 2,789, HRC, Fort Berthold 148-95-22C-15-5H, Eagle Nest, middle Bakken; geo report pending, 32 stages; 4.7 million lbs "other"; propsed TVD, 10,691; TD, 21,115; 1280-acre spacing; t4/14; cum 69K 6/14;  
  • 26322, 3,317, HRC, Fort Berthold 148-95-27B-34-8H, Eagle Nest, Three Forks but might have been a middle Bakken; geo report pending, 32 stages; 4.8 million lbs "other"; propsed TVD, 10,747; TD, 20,393; 1280-acre spacing; t4/14; cum 54K 6/14; 
  • 26323, 3,138, HRC, Fort Berthold 148-95-22C-15-9H, Eagle Nest, Three Forks first B1 but might have been a middle Bakken; geo report pending, 33 stages; 4.9 million lbs "other"; propsed TVD, 10,747; TD, 20,853; 1280-acre spacing; t4/14; cum 56K 6/14;
These are huge wells.

I track the Eagle Ford field here but I have not updated it in a long, long time. When I get time, I will update the field.