It Looks Like CLR Is Fracking / Preparing To Frack Its Anna Wells In Last Chance Oil Field -- April 14, 2017

This is pretty cool. Back on February 15, 2017, I suggested that CLR was getting ready to frack its Anna wells in Last Chance oil field. Now that the February data has been posted (most recent Director's Cut) we see that a producing well near these Anna DUCs has been taken off-line. This means only one thing: CLR is getting ready to frack or has already fracked its Anna wells in Last Chance oil field.

Week 15: April 9, 2017 -- April 15, 2017

US crude oil storage is hitting record highs -- the amount of storage is less interesting than the pace of the increase in storage. US crude oil from the Gulf of Mexico is also increasing significantly. On top of all this, the EIA increased its forecast for US oil production: US crude oil production should reach 9.9 million bopd by 2018. On the other hand, US refinery throughput is surging.

Wood Mackenzie and Goldman Sachs on opposite side of the supple/demand coin.

Saudis challenges continue; Bloomberg calls it a "debt binge."; Jack Kemp's data here. 

Operations
Surprise! Surprise! North Dakota production back up over 1 million bopd
Director's Cut -- February data posted
Bakken, production, by field, decline, month-over-month
Bakken, production, by field, increase, month-over-month
Bakken, production, by well/field
Bakken, production, by field
Statoil adds a rig

Fracking
Whiting's 15.3 million lb, 50-stage frack
Random update of completion solutions in the Bakken

Bakken 101
Choking back wells remotely

Bakken economy
Airport to break ground next week
Paddlefish update: North Star Caviar to halt fish cleaning operations for first time in 25 years; undersold by the Chinese
Among the 50 states, North Dakota is #3 in energy consumption per capita
North Dakota: #1 state for millennials

Five Largest Crude Oil Storage Fields In The US -- Random Look -- April 14, 2017

Updates

April 23, 2017: when you look at the graphs below -- production vs stored crude oil, remember this from an earlier post:

The world is drowning in oil: Reuters data shows that the volume of crude oil plying the world’s oceans hit a record high 47.8 million barrels per day in April, a 5.8 percent jump compared to December levels. That is a worrying sign given that December was the month before OPEC began reducing, so if global crude oil shipments are above even those elevated levels, then supply is probably higher right now than many believe.

Original Post 

From New Orleans Times-Picayune, the five largest crude oil fields in the US, from an article posted back in March, 2015 (does not include the SPR):

• Cushing, OK: 82 million bbls
• Louisiana Offshore Oil Port: 67 million bbls
• Houston, TX: 36 million bbls
• Beaumont-Nederland, TX: 30 million bbls
• St James, Louisiana: 30 million bbls

However, Houston Public Media says the amount of crude oil stored in and around Houston is about 66 million bbls; and, could expand to 100 million bbls in a few years.

It would be nice if RBN Energy would provide an update. I assume EIA has the data somewhere.

To the above add another 10 million bbls of storage in Houston. From Houston Biz Journals, another 10 million bbls will be added by the end of this year or thereabouts. Data points:

• Fairway Energy Partners LLC
• first phase of its Pierce Junction crude oil storage facility has opened
• it is the only independent salt dome crude oil storage terminal int he Houston area
• project first announced in 2015 (amazing how fast when there is a favorable regulatory environment)
• three underground salt caverns; currently holds about 1 million bbls of crude oil
• so far about 7.5 million bbls of storage facility is available
• direct connection to the Permian and the Eagle Ford plays

If the 66 million bbls for Houston was accurate, adding another 10 million puts Houston near 80 million and one can assume other storage facilities have been added that are not mentioned above.

The exact numbers aren't important. I just needed some ball-park figures to put the new data in perspective.

On another note, look at the surge in US crude oil storage in the last couple of years (previously posted). One can only wonder what this all means and where this is all headed:

The other interesting data point, of course, is "the EIA's weekly US days of crude oil supply data" (link here). At 34 days, the US is clearly setting new records.

Production In Top Bakken Oil Fields, February, 2017, Data -- Greatest Decline In Field Production Month-Over-Month

Disclaimer: in a spreadsheet done manually there are likely to be typographical and factual errors. If this information is important to you, go to the source. Do not quote me on this data. 

January, 2017, and February, 2017, data for top producing oil fields in the Bakken. Ranked by greatest decline in field production, month-over-month, column 9. In only two cases was there a decrease in the number of wells in any particular field, and in those cases, only declined by one well. The Parshall field actually saw an increase of three wells and still showed a significant decline in production.

Field	Jan 2017 Prod	Jan Wells	Jan Oil / Well / Month	Percent Change Dec-to-Jan	Feb 2017 Prod	Feb Wells	Feb Oil / Well / Month	Percent Change Jan-to-Feb	Change in # of wells
Willow Creek	52,584	27	1,948	-5.66%	35,281	27	1,307	-32.91%	0
Elm Tree	223,777	44	5,086	61.33%	157,501	44	3,580	-29.62%	0
Tyrone	137,822	59	2,336	-3.61%	105,490	59	1,788	-23.46%	0
North Tobacco Garden	267,748	48	5,578	56.59%	211,614	48	4,409	-20.97%	0
West Capa	64,052	38	1,686	13.72%	51,183	38	1,347	-20.09%	0
Timber Creek	48,857	32	1,527	12.11%	39,573	32	1,237	-19.00%	0
East Fork	452,386	119	3,802	21.42%	369,965	119	3,109	-18.22%	0
Van Hook	619,968	190	3,263	17.39%	510,250	189	2,700	-17.70%	-1
Pershing	108,169	39	2,774	-4.54%	89,580	39	2,297	-17.19%	0
West Ambrose	221,340	90	2,459	-5.34%	183,957	90	2,044	-16.89%	0
Twin Buttes	61,331	23	2,667		51,038	23	2,219	-16.78%	0
Cow Creek	86,960	40	2,174	1.71%	72,996	40	1,825	-16.06%	0
Hawkeye	307,664	107	2,875	6.30%	259,979	107	2,430	-15.50%	0
Parshall	1,306,143	465	2,809	-2.86%	1,103,965	468	2,359	-15.48%	3
Todd	126,688	56	2,262	-2.26%	107,164	56	1,914	-15.41%	0
Bell	213,471	71	3,007	34.35%	180,628	71	2,544	-15.39%	0
Clear Creek	141,406	75	1,885	6.58%	120,974	75	1,613	-14.45%	0
Park	51,914	36	1,442	3.36%	44,489	36	1,236	-14.30%	0
Bear Den	167,374	44	3,804	2.38%	144,574	44	3,286	-13.62%	0
Eagle Nest	483,713	93	5,201	-5.69%	417,875	92	4,542	-13.61%	-1

Production In Top Bakken Oil Fields, February, 2017, Data -- Greatest Increase In Field Production Month-Over-Month

Disclaimer: in a spreadsheet done manually there are likely to be typographical and factual errors. If this information is important to you, go to the source. Do not quote me on this data.

January, 2017, and February, 2017, data for top producing oil fields in the Bakken. Ranked by greatest increase in field production, month-over-month, column 9. (Note: I double checked Camel Butte. Camel Butte added one well and production for the field increased more than 100%.)

Twin Valley oil field is tracked here and has been updated.

Field	Jan 2017 Prod	Jan Wells	Jan Oil / Well / Month	Percent Change Dec-to-Jan	Feb 2017 Prod	Feb Wells	Feb Oil / Well / Month	Percent Change Jan-to-Feb	Change in # of wells
Camel Butte	88,307	36	2,453	12.16%	180,714	37	4,884	104.64%	1
Twin Valley	186,614	21	8,886	24.36%	332,764	31	10,734	78.32%	10
Grinnell	99,679	52	1,917	13.65%	127,616	52	2,454	28.03%	0
Banks	531,011	193	2,751	-5.59%	626,144	199	3,146	17.92%	6
Sand Creek	350,297	93	3,767	99.24%	410,944	94	4,372	17.31%	1
Pembroke	61,661	53	1,163	-1.87%	70,516	55	1,282	14.36%	2
Blue Buttes	741,587	152	4,879	26.78%	839,739	157	5,349	13.24%	5
Alger	574,441	324	1,773	16.58%	647,532	326	1,986	12.72%	2
Haystack Butte	85,561	57	1,501	-7.79%	94,833	59	1,607	10.84%	2
Elidah	177,581	58	3,062	15.14%	193,377	58	3,334	8.90%	0
Reunion Bay	669,751	160	4,186	-12.58%	727,591	167	4,357	8.64%	7
Dollar Joe	126,606	93	1,361	-3.91%	137,219	93	1,475	8.38%	0
Big Bend	392,183	120	3,268	21.65%	424,498	122	3,479	8.24%	2
Grail	720,811	182	3,961	8.27%	777,902	188	4,138	7.92%	6
Fayette	87,254	49	1,781	-14.42%	93,323	49	1,905	6.96%	0
Corral Creek	544,696	151	3,607	17.63%	579,669	158	3,669	6.42%	7
Antelope-Sanish	681,468	168	4,056	1.95%	725,059	175	4,143	6.40%	7
Ross	75,333	74	1,018	9.54%	80,055	74	1,082	6.27%	0
Painted Woods	59,656	55	1,085	-7.66%	61,433	55	1,117	2.98%	0
Poe	456,181	101	4,517	12.23%	461,908	104	4,441	1.26%	3