Only Two Wells Coming Off Confidential List Today -- August 7, 2018

Updates

Later, same day, 2:48 p.m. CDT -- no surge? First, they said Saudi Arabia increased production and exports to US to highest level since April, 2017 (see below), and now just hours later, from same source, ".... Saudi Arabia surprises by reducing production and exports...." What a joke. WTI? Flat today; in fact, lower at the close than at the opening but slightly in the green for the day.

Original Post

Enbridge: expects $7 billion of projects to come into service this year (2018).

Surge: amount of oil Saudi Arabia sent to the US last month -- July, 2018 -- was the most in 15 months. We'll see the official EIA data in about two months.  Data points:

• Saudi to the US: one million bopd
• that's a 36% jump from June, 2018
• it was the single biggest monthly flow since April, 2017

You probably noticed has far the price of gasoline has dropped in your neighborhood in the past couple of weeks.

And yet, Bloomberg recently reported that Saudi's overall production decreased in July. Previously posted.

Disclaimer: this is not an investment site.


Wells coming off the confidential list today:

• 34330, 3,184, Newfield, Sorenson Federal 153-96-4-9-2H, Sand Creek, 62 stages, 9.9 million lbs, t4/18; cum 92K 6/18; the Newfield Sorenson Federal wells are tracked here;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	6-2018	29	28556	28248	7433	41683	32459	9024
BAKKEN	5-2018	31	54435	54538	17153	117349	40271	76803
BAKKEN	4-2018	3	9222	8470	4218	19160	10	19123

• 33933, SI/NC, BR, Three Rivers 1C TFH, Charlson, no production data,

Active rigs:

$69.24↑	8/7/2018	08/07/2017	08/07/2016	08/07/2015	08/07/2014
Active Rigs	66	59	34	73	192

RBN Energy: oil, gas, and NGLs from the Permian. RBN Energy announces PermiCON 2018.

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The Book Page

No, this is not going to be about a book that I'm reading. It's not even going to be about a book that's yet available for reading.

This is about a book that is yet to be published. For all I know it has been written but the author and publisher cannot agree on a title. The inspiration for the book came from The Picture of Dorian Gray. But in this case, instead of being set in an English room with a portrait of a mad (?) man, it is set in a cabin in the Pacific Northwest.

The title: The Carver's Cabin.

Some weeks ago, passing articles back and forth with a reader, the eagle-eyed reader spotted this -- "... a two-story carver's cabin had been built."

Neither of us had heard of a carver's cabin and no amount of googling provided an answer. Overnight I heard from the reader. Apparently she was losing sleep over this issue. She e-mailed the writer of that newspaper article asking for the "meaning" of a carver's cabin.

Well, duh. It's a cabin in which one carves.

LOL.

Actually, it's so much more and so much more specific and so much more interesting.

It turns out to be a cabin -- at least in this story and in the Pacific Northwest -- where totem poles are carved.

To wit:

With Tom Lafortune
Only one thing could have made this video better: a cameo appearance by "the log lady" from Twin Peaks.