Saturday, June 9, 2018

Wells Coming Off The Confidential List This Next Week -- June 9, 2018

Monday, June 18, 2018:
33874, 220, BR, Olson 1B TFH, Edge, t4/18; cum --
33873, 25 (no typo), BR, Olson 1A MBH, Edge, t4/18; cum --
33594, 430, Bruin, Fort Berthold 148-95-13B-24-9H, Eagle Nest, TF B1, 50 stages; 10 million lbs, t12/17; cum 52K 4/18;
33029, SI/NC, BR, State Veeder 3B MBH, Blue Buttes, producing;
30161, 2,004, CLR, Chicago 5-26H, Banks, 4 sections, 56 stages; 9.5 million lbs, t1/18; cum 75K 4/18;

Sunday, June 17, 2018:
34004, 140, BR, Olson 1C MBH, Edge, t4/18; cum --
33636, SI/NC, MRO, Irish USA 41-25TFH, Antelope, Sanish, no production data,
33040, 12 (no typo), Oasis, Patsy 5198 12-17 9T, Siverston, Three Forks, 50 stages; 4 million lbs; t1/18; cum 80K 4/18;

Saturday, June 16, 2018:
33030, SI/NC, BR, State Veeder-Kummer 3C UTFH-ULW, Blue Buttes, no production data,
32810, 1,899, CLR, Ryden 8-24H, Jim Creek, 58 stages; 15.3 million lbs, t12/17; cum 110K 4/18;

Friday, June 15, 2018:
33528, conf, Oasis, Spratley 5494 44-13 7B, Alkali Creek, producing nicely,
33039, A, Oasis, Patsy 5198 12-17 8B, Siverston; t--; cum 137K 4/18;

Thursday, June 14, 218:
34328, SI/NC, Abraxas, Lillibridge 20-17-9H, Pershing, no production data,
33603, SI/NC, Hess, SC-JCB-154-98-1720H-5, Truax, no production data,
33038, A, Oasis, Patsy 5198 12-17 7T, Siverston, t--; cum 64K 4/18;
32811, 1,874, CLR, Ryden 9-24H1, Jim Creek, t12/17; cum 88K 4/18;
30160, 1,650, CLR, Syracuse 6-23H1, Banks, t1/18; cum 101K 4/18;

Wednesday, June 13, 2018:
34281, SI/NC, Abraxas, Lillibridge 20-17-10H, Pershing, no production data,
33604, SI/NC, Hess, SC-JCB-154-98-1720H-4, Truax, no production data,
33527, 1,203, Oasis, Spratley 5494 44-13 6T,  Alkali Creek, t1/18; cum 131K 4/18;
30559, 943, Bruin, Fort Berthold 148-95-13B-24-13H, Eagle Nest, t12/17; cum 67K 4/18;

Tuesday, June 12, 2018:
33861, SI/NC, BR, Faye 1A MBH, Elidah, no production data,
33605, drl, Hess, SC-JCB-154-98-1720H-3, Truax, no production data,
33526, 649, Oasis, Spratley 5494 44-13 5B, Alkali Creek, 50 stages; 10.1 million lbs, mesh/medium sand/medium ceramic, t1/18; cum 117K 4/18;
31593, 828, Nine Point Energy, Simpson 151-102-5-8-13H, Elk, 50 stages; 10 million lbs, mesh/medium, t1/18; cum 68K 4/18;

Monday, June 11, 2018:
34282, SI/NC, Abraxas, Lillibridge 20-17-11H, Pershing, no production data,
33860, SI/NC, BR, Faye 1B UTFH, Elidah, no production data,
33606, SI/NC, Hess, SC-JCB-154-98-1720H-4, Truax, no production data,
33031, SI/NC, BR, State Veeder 2A MBH, Blue Buttes, no production data,

Sunday, June 10, 2018:
33859, SI/NC, BR, Faye 1C MBH, Elidah, no production data,
33032, SI/NC, BR, State Veeder 2B UTFH, Blue Buttes, no production data,
30569, SI/NC, Petro-Hunt, USA 153-95-22C-15-6H, Charlson, no production data,
30158, 1,404, CLR, Syracuse 5-23H, Banks, a huge well for CLR, 140K first four months; t118; cum 140K 4/18;

Saturday, June 9, 2018:
34283, SI/NC, Abraxas, Lillibridge 20-17-12H, Pershing, no production data,
33858, SI/NC, BR, Faye 1D UTFH, Elidah, no production data,
33607, conf, Hess, SC-Gene-154-98-0805H-6, Truax, no production data,
33077, A, Oasis, Patsy 5198 12-17 5T, Siverston, t -- ; cum 82K 4/18;
33033, SI/NC, BR, State Veeder 2C MBH,  Blue Buttes, no production data,
24048, SI/NC, Petro-Hunt, State 154-94-31C-32-5H, Charlson, no production data,

Back On The Road Again -- On The Road To Australia -- June 9, 2018

Screenshot of concern:

Some time ago we were following the "electric grid" in Australia pretty closely. I haven't thought about Australia in some time. I assume it's autumn and the "electric grid" should be doing quite well. But apparently I was wrong.

Before getting in that, I'm bringing myself up to date by clicking on the tag at the bottom of the blog, "Road to Australia."

To keep this in perspective, the average price of electricity in the US is about $100 / MWH.

In New South Wales, Australia, recently, the average price of electricity is about $300 / MWH and in the last few weeks has been spiking to $14,000 / MWH. NSW is the most populous state in Australia -- with two-thirds of the country's population; its capital is Sydney.

It is also the home of a number of coal-fired utility plants and aluminum smelters.

The link regarding the $14,000 / MWH spike comes from a site that has followed this closely. I was curious if perhaps the site was "crying wolf." A quick google search brought me to this article, from June 8, 2018, yesterday: Australia's largest aluminum (sic) smelter warns of "energy crisis" as power supply falters.
Tomago Aluminium, Australia's biggest smelter of the metal, warned on Friday that it faced curtailing operations for a third time this week because of power shortages across the national electricity market.
As of Friday afternoon, NSW plants reporting outages or reduced output included the gas-fired Tullawarra power station, Mt Piper coal-fired power plant - both owned by EnergyAustralia.
Also reporting coal-fired power units offline were Sunset Power's Vales Point and AGL's two Hunter Valley stations, Bayswater and Liddell.
The Australian Energy Market Operator (AEMO) issued an actual lack of reserve alert at 5.44 pm only to cancel it 23 minutes later after the market responded with extra supply - and demand eased back ahead of the long weekend.
There are at least three issues here:
  • the role coal will (or won't) continue to play in a land where faux environmentalists are in control
  • the mix of renewable energy vs fossil-fuel energy for generating electricity
  • the lack of understanding, apparently, that renewable energy is not dispatchable; and, storage technology is yet a long way off (and/or very, very expensive in itself)
A fourth issue:
  • the Australian grid issue sounds very much like the "oil issue" in Venezuela
  • Venezuela sits on the world's largest reserve of oil (and the right kind of oil) and failed this past week to meet its contractual obligations due to central government policies
  • Australia sits on some of the world's greatest coal reserves, and  cannot meet electricity demands due to central government policies
A fifth issue:
  • if large utility plants fail (for whatever reason) and if aluminum smelters and steel plants fail (for whatever reason) they are unlikely to ever come back -- if they do come back, they won't come back for years -- others may disagree, but it's a huge gamble
Even worse news for the Australians, or at least two-thirds of Australians and their heavy industry  is the fact that politicians appear not ready to solve the problem, but rather are looking at whom to blame. The fact that politicians are looking to blame rather than solve, one suspects this problem will only get worse.

There would be nothing better that Canada would like to see than US aluminum and steel plants get shut down. Along with China, the two countries would have incredible pricing power, affecting everything from the US military to Boeing to American automobile manufacturers.

I don't know the statistics but my hunch is that it is not without good cause Presendent Trump has suggested that a robust steel and aluminum industry in the US is a national security issue.

Not mentioned is the quality and/or specifications of the required steel and aluminum.

In the short term, the viability of the US steel and aluminum industry is at risk if unfair trade practices continue. The big question, of course: if we want "free" trade, why are their any tariffs at all among the G7 countries, China, India, Australia, and so on?

In the long term, even if President Trump is able to save the US steel and aluminum industry by creating a level (or a more level) playing field, if the US takes the Road to Australia with renewable energy, it may not matter at all.

Joke of the day:

Some in Australia want to "fix" the "dispatchable" problem of renewable energy with more non-dispatchable renewable energy:

A Reminder And Another Inconvenient Truth 

Today (20th century) it is completely impossible, even for a nuclear-powered icebreaker, to circumnavigate Greenland, for the seas surrounding the far north are frozen solid all year around.

However, there is direct evidence that conditions in the early fifteenth century were markedly different from those existing today, suggesting that Greenland could have been circumnavigated by the Vikings. -- 1421: The Year China Discovered America, Gavin Menzies, 2002, pp. 349 - 350.

Week 23: June 3, 2018 -- June 9, 2018

This may have been the biggest energy story this past week and reported almost nowhere.
"China surprised everyone by announcing it will not issue approvals for any new solar power installations this year and will also cut the feed-in tariff subsidy that has been a major driver of the solar business in China." It may not be a big story; I don't know, but it seems somewhat interesting.
The other big story outside the Bakken this past week: Venezuela fails to meet crude oil contracts.

And, we might have seen the "bottom" for WTI for the current "cycle" -- lasting through the driving season.

Huge initial production from an Antelope-Sanish MRO pad

CLR is blowing away the competition in the Bakken -- SeekingAlpha contributor
Updating a CLR 2560-acre drilling unit in Elm Tree oil field
Random update of a CLR Syracuse well
The CLR Syracuse/Chicago wells have been updated
An old Slawson Bazooka well updated
A very old QEP MHA well in Deep Water Creek Bay field updated
Update of an old EOG well in Parshall oil field
Update of a Bruin well that was off-line for 1.5 years
Getting ready to open up Tier 3 and Tier 4 areas?
Random update of MRO's activity in the Bailey oil field; also here;
Random "observations" in the Bakken this past week -- I need to go back and follow up on some of these wells
Short note on Zavanna
Update on the oldest CLR Anna well
How neighboring fracks might extend production for older wells 

How pipeline operators can manipulate the price of oil 

Bakken 2.0
Update of wells that came off confidential list two years ago

Bakken economy
Man-camps filling up again in the Bakken 
MDU acquires Tri-City Paving, Inc

Permian Basin continues to overwhelm takeaway pipeline capacity
Implosion of Venezuela's oil sector surprises lead contributor over at

June 9, 2018 -- Man Camps Back In The News

Man-camps filling up in the Bakken: from Inforum --
WILLISTON, N.D.—The use of Target Lodging's workforce lodging in the Bakken oil field is on the rise.
"We've seen a significant increase in occupancy over the last two quarters. In fact, at several of our lodges we are at or very near full capacity," Troy Schrenk, chief commercial officer for Target Lodging in The Woodlands, Texas, said on Friday, June 8.
Youngest Granddaughter

.... and her swimming ribbon ---