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Thursday, November 1, 2018

Is The Bakken Facing Another Round Of Takeaway Constraints, Part 2 -- RBN Energy -- November, 1, 2018

Updates

February 13, 2019: Encana completes acquisition of Newfield Exploration.
  • Encana now has large-scale positions in the Permian, Anadarko, and Montney plays
Original Post
 
Newfield: in the news today -- futures suggest NFX to jump 25% on opening this morning
*************************************
Back to the Bakken

Wells coming off the confidential list today -- Thursday, November 1, 2018:
34754, SI/NC, Hunt, Trulson 156-90-11-14H-4, Ross, no production data,
34260, SI/NC, MRO, Walking Eagle USA 44-12TFH, Reunion Bay, no production data, 
32959, SI/NC, Oasis, Ceynar 5298 44-32 14TX, Banks, a DUC but still huge production being reported, t--; cum 104K 9/18;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-201830188191886636194398462488114485
BAKKEN8-20183124366243404414050182404079279
BAKKEN7-20183117222172013795438434366341304
BAKKEN6-20182919967199673804846065420423559
BAKKEN5-20183123534236115701654367519571914
 
32958, SI/NC, Oasis, Ceynar 5298 44-32 15BX, Banks, a DUC but still huge production being reported, t--; cum 106K 9/18;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-201825219412198724893458233226513158
BAKKEN8-201831248212480027971521793849313190
BAKKEN7-20183120600205752266245762439621304
BAKKEN6-20182920016200162244843756397333559
BAKKEN5-20183018976192063278841487390931914

31259, SI/NC, Oasis, Kjorstad 5300 34-22 4T, Willow Creek, a DUC but still nice production being reported, t--; cum 64K 9/18;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20182912948129971563017839175950
BAKKEN8-20183117361171972347119479192190
BAKKEN7-2018228305825623289952309338
BAKKEN6-201830130221299333922937856813445
BAKKEN5-20182511975118703195911906100331663


Active rigs:

$64.8811/1/201811/01/201711/01/201611/01/201511/01/2014
Active Rigs69533470193

RBN Energy: is the Bakken facing another round of takeaway constraints? Part 2. Archived.
Pipeline capacity constraints are nothing new to producers in the Bakken. Prior to the completion of the Dakota Access Pipeline (DAPL) in mid-2017, market participants had been pushing area pipeline takeaway to the max. When DAPL finally came online following a lengthy political and legal battle, producers and traders were able to breathe a sigh of relief. But with Bakken production steadily increasing over the past 18 months and primed for future growth new constraints are on the horizon. Over the next year or so, Bakken output could overwhelm takeaway capacity and push producers to find new market outlets. The questions now are, which midstream companies can add incremental capacity, how much crude-by-rail will be necessary, and is there a chance a major new pipeline gets built? Today, we forecast Bakken supply and demand, discuss some upcoming projects and lay out the possible headaches for Bakken producers heading into 2019.

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