Monday, November 19, 2018

Seven Wells Coming Off Confidential List; Many Are DUCs -- November 19, 2018

A photo and comment sent to me from Plano, north of Dallas, yesterday:


My brother-in-law tells me the "low" in Huntington Beach, CA, is $3.85.

********************************
Back to the Bakken

The Kennedy-Miles wells are tracked here.

Wells coming off the confidential list over the weekend, Monday:
Monday, November 19, 2018:
  • 34048, SI/NC, MRO, State Kelling 14-36TFH, Bailey, no production data,
  • 33329, SI/NC, XTO, Dakota Federal 42X-36D, Bear Den, no production data, 
  • 33225, 1,592, CLR, Kennedy 7-31H, Dimmick Lake, 4 sections, 62 stages; 12.7 million lbs, t5/1; cum 87K 9/18; 
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-20182526186262012302956372492797088
BAKKEN8-201830447714505426763940467813115909
BAKKEN7-2018111508114655933628964263282636
BAKKEN6-20180000000
BAKKEN5-201857877874306233702337

  • 32960, SI/NC, Oasis, Ceynar 5298 44-32 13B, Banks, t--; cum 139K 9/18; 
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN9-201830328523319121499657715062014671
BAKKEN8-201831373613714528814730094788124632
BAKKEN7-20183132781327522694172566720700
BAKKEN6-201830252802518625122597254829310952
BAKKEN5-2018151084510845210882553924899400

Sunday, November 18, 2018:
  • 32945, 645, Oasis, Ceynar 5298 42-32 10B, Banks, t6/18; cum 95K 9/18;
Saturday, November 17, 2018:
  • 33872, SI/NC, MRO, Lawrence 34-35H, Bailey, no production data, 
  • 33330, SI/NC, XTO, Dakota Federal 42X-36HXE, Bear Den, no production data, 
Active rigs:

$55.94😞11/19/201811/19/201711/19/201611/19/201511/19/2014
Active Rigs62563964185

RBN Energy: Houston crude oil futures contracts compete for market share.
The race is on and here comes WTI up the backstretch. On November 5, CME Group launched a Houston WTI futures contract, challenging a similar trading vehicle from Intercontinental Exchange (ICE) that started up in mid-October.
Ever since crude flows to the Gulf Coast took off five years ago, the crude market has been clamoring for a trading vehicle that would accurately reflect pricing in the region that dominates U.S. demand from refineries, imports and exports.
Now there are two.
But their features are quite distinct. ICE’s contract reflects barrels delivered to Magellan East Houston, while CME’s contract is based on deliveries into Enterprise’s Houston system. The specs are different, as are the physical attributes of the two delivery points. Will both survive? Probably not. Futures markets tend to concentrate liquidity — trading activity — into a single vehicle that best meets the needs of the market. So, which of these will come out on top?  That’s what the crude oil market wants to know. In today’s blog, we delve into the differences between the two new futures contracts for West Texas Intermediate (WTI) crude delivered to Houston and ponder the market implications of these new hedging and trading tools.
So, WTI, ICE, and CME. 

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