Friday, November 16, 2018

Canada, Sand, Natural Gas, And All That Jazz -- November 16, 2018 -- Bruin Will Report Another Huge Well -- Staggering -- Almost 300K In Four Months

Sand: Pioneer to move to all west Texas sand in 2019. Rigzone.
Pioneer Natural Resources is closing its sand mine in Brady, Texas as the company transitions proppant supply to West Texas sand sources.
The Dallas-based E&P company plans to stop operations at the Brady facility during first quarter of 2019 and transition to 100 percent West Texas sand by May 2019.
The move will provide Pioneer an estimated $400,000 per well in sand savings. The company will also recognize a noncash after-tax charge of $350 to $400 million in fourth quarter of 2018.
Natural gas: lagging gas storage finally triggers market reaction. Rigzone Archived.

Canada: oil patch loses patience with country's lack of support. Bloomberg via Rigzone. Archived.


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Back to the Bakken

Wells coming off the confidential list today -- Friday, November 16, 2018:
  • 34171, 242, Windridge, Kestrel State 36-25 1H, Short Creek, 19 stages, 0 lbs sand, target: Madison formation; TD = 12,283 feet; t6/18; cum 18K 9/18;
  • 33871, SI/NC, MRO, Rummel 24-35TFH, Bailey, no production data, 
  • 33224, 1,133, CLR, Kennedy 8-31H1, Dimmick Lake, 4 sections, 62 stages; 15.1 million lbs, t7/18; cum 24K 9/18;
  • 33223, 861, CLR, Miles 5-6H, Dimmick Lake, 4 sections, 16 stages; no other data , t8/18; cum 25K in 42 days;
  • 30541, 4,871, Bruin, Fort Berthold 151-94-26A-35-4H, Antelope, 55 stages; 14.4 million lbs, an incredible well; staggering, t6/18; cum 292K 9/18;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH9-20183052975530445615060629460675677
SANISH8-201831725167240863718906714548039524
SANISH7-201831638006364674543906084289342889
SANISH6-201830953159595967134672113723225562
SANISH5-20181577996657261691392175723178
SANISH4-20180000000


Active rigs:

$57.6411/16/201811/16/201711/16/201611/16/201511/16/2014
Active Rigs62553863186

RBN Energy: South Korea becomes top Asian destination for US oil after China trade spat.
Between new sanctions on Iran and the potential for more escalation in the trade war with China, oil exports from the U.S. have been changing their flows dramatically in the past few months. China from October 2017 through July 2018 rivaled Canada as the largest buyer of U.S. crude; in June, when total U.S. exports hit a record 2.2 MMb/d, nearly one-quarter of those volumes flowed to China. But since trade tensions between the two nations intensified, not a single barrel of U.S. crude has arrived in China since July. Thankfully, the U.S. has found ways to fill the Chinese void by increasing the volumes sold to South Korea and India, two historically prominent buyers of Iranian oil. Today, we lay out the reasons why U.S. sanctions on Iran are helping the U.S. continue to sell crude to Asia, even as relations with China have chilled.

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