Wednesday, January 11, 2017

Oasis To Report Another Nice Johnsrud Well Thursday -- January 11, 2017

Active rigs:

Active Rigs3655167192182

One well coming off confidential list Thursday:
  • 31338, 1,260, Oasis, Johnsrud 5198 14-18 15TX Three Forks, 36 stages; 4.1 million lbs, Siverston, t7/16; cum 93K 11/16;
Fifteen new permits: will be covered in a separate post. 

Three permit renewals:
  • Hess (3): a Blue-Buttes Madison unit permit (McKenzie County); a Skalicky permit (Burke County); and a G.V. Levang permit in McKenzie County
Operator transfer: from Samson Resources Company to Resource Energy CAN-AM LLC: 
  • approximately 130 wells which includes one SWD well; all in Divide County
  • oldest permit: #16124, a Strom well in Divide County 
  • most recent permit: #30568, a Marauder permit in Divide County
  • I track the Williston Basin operators here, including Samson Resources, and Resource Energy CAM-AM LLC
  • in August, 2016, Samson Resources filed a new Chapter 11 exit plan (at link above)
  • Resource Energy was last in the news with regard to acquisitions back in December, 2015, when it acquired 87 wells from American Eagle; prior to that, Resource Energy bought four wells from Enduro Operating LLC, San Antonio

31338, see above, Oasis, Johnsrud 5198 14-18 15TX, Siverston:

Oil RunsMCF Sold

Sabine Pass LNG To Expand -- RBN Energy -- January 11, 2017

Surprise: 11 inches of snow overnight in downtown Portland, Oregon. Not predicted by weather forecasters. Even when snow started to fall, weather forecast was for 1 to 6 inches of snow -- quite a spread, and that was "real time." But yet we know, the science is settled, that the earth will be 0.2 degrees warmer 83 years from now.

Just what I need: another 5% off on all Amazon purchases. Already books are generally 40% less expensive on Amazon than what I would pay at Barnes & Noble, and now one could get another 5% cashback. The cashback generated by credit cards adds up fairly quickly.

California snow pack: 165% of normal for water content for this time of year, per Weather Channel, 6:48 a.m. Central Time, January 11, 2017. Just days ago folks were wringing their hands over only 70% of normal. 

#11 in the 20-song countdown

If I Could Turn Back Time, Cher
Back to the Bakken

Active rigs:

Active Rigs3655167192182

RBN Energy: new pipelines teeing up supply for more trains at Sabine Pass LNG.
Northeast producers are about to get a new path to target LNG export demand at Cheniere Energy’s Sabine Pass LNG terminal.
Cheniere in late December received federal approval to commission its new Sabine Pass lateral—the 2.1-Bcf/d East Meter Pipeline. Also in late December, Williams indicated in a regulatory filing that it anticipates a February 1, 2017 in-service date for its 1.2-Bcf/d Gulf Trace Expansion Project, which will reverse southern portions of the Transcontinental Gas Pipe Line to send Northeast supply south to the export facility via the East Meter pipe. Today we provide an update on current and upcoming pipelines supplying exports from Sabine Pass.
In the 11 months or so since it loaded and shipped its first export cargo in February 2015, Cheniere’s Sabine Pass liquefaction and export facility in Cameron Parish, LA, has made a noticeable dent on the natural gas market, helping the market to reduce a massive year-on-year surplus in storage over the injection season and also enabling the U.S. to become a net exporter of natural gas for the first time last fall.
To date, the terminal has loaded and shipped off 61 cargoes, and the pace has accelerated in recent months. Twenty-seven cargoes (44% of the total) have  been exported since November 1, 2016, five of those in the first six days of 2017 alone.
A list of current LNG export terminal projects were provided by RBN Energy back in October, 2016.