FWIW: Filloon Updates Concho Petroleum In The Delaware Basin -- February 7, 2018

Link here at SeekingAlpha.

CBP: central basin platform

From the Filloon post:

The Delaware Basin is the epicenter of today's unconventional oil plays. Located in the west Permian, it has a thick payzone and multiple possible intervals to target. As a general rule, the Delaware is deeper than the Midland Basin. More importantly, it has seen less traffic than to the east. The opportunity for downspacing and de-risking is greater, and this increases reward (and risk). This is the reason why operators with core Bakken, Eagle Ford, Niobrara, and Midland leasehold have added acreage west of the CBP.

*********************************

Cleaning Out The In-Box

I wrote these notes back in 2015. Never posted them for some reason or other. I think I was planning to write a long commentary on the state of the Bakken back in 2015, but then got distracted and never got around to finishing it. Am posting these notes now simply for the archives.

The notes from 2015:

With regard to energy in general, oil and gas more specifically, and the Bakken very, very narrowly, it's quite incredible all the story lines that are developing. I follow a lot of these stories over at "The Big Stories." This is the big picture I see developing, going from the big energy story to the Bakken.

There are three centers of power when it comes to global energy: the Mideast, Russia, and the United States. 

The US is struggling with the realization that the US shale barrel is the swing producer. That, and the fact that Iran is likely to emerge as the singular super-power in the Mideast, has put Saudi Arabia into an existential crisis.

****************************

Miscellaneous Notes

There are still a lot of stories about intermittent energy sources, wind and solar. Whether wind and solar has "legs" will depend on which political party takes the White House in 2016/2017. It is becoming more and more obvious that at the moment the only country really touting intermittent energy any more is the United States. The EU gives is a lot of lip service to it, but reality being what it is, Europe knows that intermittent energy is not all it's cracked up to be. I continue to post notes about intermittent energy for two reasons: a) it helps put the Bakken into perspective from an archival point of view; and, b) readers seem to be fascinated by the subject. Personally I have also learned a lot about energy by following the intermittent energy story. Prior to the blog, I did not understand "nameplate capacity" and, now, all of a sudden there's another "old" concept that is getting a lot of attention: "capacity factor" which is very closely related to "nameplate capacity" and may be synonyms. I recently posted a story from The Lead for the archives and now it turns out that Forbes has a long article on the very same subject: "The Clean Power Bill Will Collide With The Incredibly Weird Physics Of The Electric Grid."

Coal will drop off the American radar energy scope. But globally, its use will increase.