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.

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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; 

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2018	25	26186	26201	23029	56372	49279	7088
BAKKEN	8-2018	30	44771	45054	26763	94046	78131	15909
BAKKEN	7-2018	11	15081	14655	9336	28964	26328	2636
BAKKEN	6-2018	0	0	0	0	0	0	0
BAKKEN	5-2018	5	787	787	4306	2337	0	2337

• 32960, SI/NC, Oasis, Ceynar 5298 44-32 13B, Banks, t--; cum 139K 9/18; 

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	9-2018	30	32852	33191	21499	65771	50620	14671
BAKKEN	8-2018	31	37361	37145	28814	73009	47881	24632
BAKKEN	7-2018	31	32781	32752	26941	72566	72070	0
BAKKEN	6-2018	30	25280	25186	25122	59725	48293	10952
BAKKEN	5-2018	15	10845	10845	21088	25539	24899	400

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😞	11/19/2018	11/19/2017	11/19/2016	11/19/2015	11/19/2014
Active Rigs	62	56	39	64	185

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.