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;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
SANISH	9-2018	30	52975	53044	56150	60629	46067	5677
SANISH	8-2018	31	72516	72408	63718	90671	45480	39524
SANISH	7-2018	31	63800	63646	74543	90608	42893	42889
SANISH	6-2018	30	95315	95959	67134	67211	37232	25562
SANISH	5-2018	15	7799	6657	26169	13921	7572	3178
SANISH	4-2018	0	0	0	0	0	0	0

Active rigs:

$57.64	11/16/2018	11/16/2017	11/16/2016	11/16/2015	11/16/2014
Active Rigs	62	55	38	63	186

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.