Today for example:
Tuesday, June 26, 2018: 170 wells for the month; 259 wells for the quarter
34190, SI/NC, Missouri River Resources, FBIR Packineau 14X-4F HTF, Squaw Creek, no production data,
32095, IA, CLR, Candee 7-9H, Chimney Butte, barely producing, API: 33-025-03042; fracked 3/12/17 - 3/27/17 -- 7.97 million lbs; 83.44% water; I've seldom seen this phenomenon before -- a well coming off confidential status, that has been fracked but frack report not in the file report; and the well goes immediately to IA; nothing in the well file that I could see to explain this; two other Candee wells in immediate area are great wells and are producing very, very nicely; were off line for a very short period of time while #32095 was being fracked;This is entirely anecdotal; I have done no statistical analysis. More and more wells (as a percentage) coming off confidential list are going directly to DUC status. And, very, very interestingly, there has been a sudden drop-off any any reports of DUCs being completed. Those numbers were always small, usually one or two every couple of days, but recently I have not seen any.
- I have a hunch why this is occurring, but not ready for prime time. Maybe I'll talk about it later. Hint: strategic planning by operators
- price of oil going forward
- refineries at 97% operating capacity
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