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

• where's Newfield?
• Encana to buy Newfield Exploration in all-stock deal; $5.5 billion
• Newfield Exploration, earnings, beats expectations --  huge beat
• $1.01 vs estimates of $085
• one year ago: $0.52
• for investors, which is the better stock, NFX or CLR (posted October 19, 2018, before Encana news today) 

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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;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2018	30	18819	18866	36194	39846	24881	14485
BAKKEN	8-2018	31	24366	24340	44140	50182	40407	9279
BAKKEN	7-2018	31	17222	17201	37954	38434	36634	1304
BAKKEN	6-2018	29	19967	19967	38048	46065	42042	3559
BAKKEN	5-2018	31	23534	23611	57016	54367	51957	1914

 
32958, SI/NC, Oasis, Ceynar 5298 44-32 15BX, Banks, a DUC but still huge production being reported, t--; cum 106K 9/18;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2018	25	21941	21987	24893	45823	32265	13158
BAKKEN	8-2018	31	24821	24800	27971	52179	38493	13190
BAKKEN	7-2018	31	20600	20575	22662	45762	43962	1304
BAKKEN	6-2018	29	20016	20016	22448	43756	39733	3559
BAKKEN	5-2018	30	18976	19206	32788	41487	39093	1914

31259, SI/NC, Oasis, Kjorstad 5300 34-22 4T, Willow Creek, a DUC but still nice production being reported, t--; cum 64K 9/18;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2018	29	12948	12997	15630	17839	17595	0
BAKKEN	8-2018	31	17361	17197	23471	19479	19219	0
BAKKEN	7-2018	22	8305	8256	23289	9523	0	9338
BAKKEN	6-2018	30	13022	12993	33922	9378	5681	3445
BAKKEN	5-2018	25	11975	11870	31959	11906	10033	1663

Active rigs:

$64.88↓↓	11/1/2018	11/01/2017	11/01/2016	11/01/2015	11/01/2014
Active Rigs	69	53	34	70	193

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.