Friday, April 14, 2017
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
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
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
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.
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.
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
|