Five Huge Wells Coming Off Confidential List Today -- Last Day Of The Month -- November 30, 2018
Wells coming off confidential list today --
Friday, November 30, 2018:
- 33696, conf, Oasis, Lite 5303 131-11 8T, Sanish, a nice well;
- 33242, conf, Oasis, Muri 5198 12-4 5B, Banks, a huge well;
- 33227, 1,149, CLR, Kennedy 5-31H, Dimmick, another big Kennedy well, 62 stages; 12.6 million lbs; t8/18; cum 47K 9/18; the Kennedy wells are tracked here;
- 33110, conf, CLR, Wiley 10-25H, Pershing, a huge well;
- 30543, conf, Bruin, Fort Berthold 151-94-26A-35-6H, a "50K" well -- huge; again --
Date | Oil Runs | MCF Sold |
9-2018 | 14841 | 11025 |
8-2018 | 32829 | 22985 |
7-2018 | 53082 | 34423 |
6-2018 | 44403 | 39049 |
Active rigs:
$50.79 | 11/30/2018 | 11/30/2017 | 11/30/2016 | 11/30/2015 | 11/30/2014 |
Active Rigs | 66 | 54 | 39 | 65 | 185 |
RBN Energy:
E&P profits surge in 3Q18 but plunging oil prices cloud future outlook.
The sun was shining and wind filled the sails of the 44 major U.S.
exploration and production (E&P) companies we track in the third
quarter of 2018 as they collectively reported a 35% increase in pre-tax
operating income over the previous quarter. It’s been an up-and-down
year. Increased efficiency and rising output from the transformation to
large-scale, manufacturing-style exploitation of premier resource plays
moved the E&P sector solidly into the black in early 2018 after
three years of losses. But profits stagnated in the second quarter on a
decline in revenues as widening differentials, primarily in the Permian
Basin, negated the impact of higher NYMEX prices. Today, we explain how
producers overcame the headwinds to resume profit growth in the third
quarter, but warn that future returns for certain E&Ps could be
jeopardized by the sudden plunge in oil prices.
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