Sunday, December 23, 2018

The Market, Energy, And Political Page, T+48 -- December 23, 2018

Rumor: with the announcement that the US will pull out of Syria, ISIS has announced it will no longer ban single-use plastic straws.

Natural gas storage: a reader who follows this very, very closely, has put this past week's natural gas draw in perspective. See this post.

Massive Costs Associated With Anti-Energy Movement

Massive costs associated with anti-energy movement called, "Keep It In The Ground." The only thing surprising about this study -- it required to a study to confirm the obvious.
A new report by the U.S. Chamber of Commerce Global Energy Institute (GEI) found that the anti-energy “Keep it in the Ground” (KIITG) movement has prevented at least $91.9 billion in domestic economic activity and eliminated nearly 730,000 job opportunities.
In addition, federal, state, and local governments have missed out on more than $20 billion in tax revenue. The report, “Infrastructure Lost: Why America Cannot Afford To ‘Keep It In the Ground,’” quantifies the impacts of delayed and cancelled energy infrastructure projects that would enhance American consumers’ access to abundant, affordable energy and provide hundreds of thousands of good-paying jobs.
In recent years, KIITG activists have worked to derail these projects by waging countless lawsuits, protests and even vandalizing private property with the goal of delaying or outright killing projects.
To quantify the economic impact of the KIITG movement, GEI analyzed select projects that were either cancelled or delayed by protests, lawsuits or legislation. While the universe of targeted projects is vast, the report focuses on 15 projects including pipelines, power plants, transmission lines and export facilities as well as the statewide hydraulic fracturing ban in New York.
Taken together, the $91.9 billion in lost economic activity is larger than the entire economies of 12 states.
I assume the report will highlight the states most affected by the KIITG movement. My hunch: most of the states will be on the east coast, west coast, and Nebraska.


From twitter today:

For a president who is said to have a chaotic White House, it sure seems like he has things under control.

This Deserves A Stand-Alone Post -- December 23, 2018

This page will not be updated. See this post.

The graphic:

For newbies: if this is what Bakken 2.5 is all about, I can hardly wait to see Bakken 3.0. 
  • 32800, conf, EOG, Clarks Creek 155-0706H, Clarks Creek,
DateOil RunsMCF Sold


Greetings from Amarillo, Texas.

Wells Coming Off Confidential List This Next Week; Lots Of DUCs But EOG Reporting Two Incredibly Huge Wells -- December 23, 2018

The next activity report will be released Wednesday, December 26, 2018. The wells coming off the confidential list this next week are posted below.

Note the EOG Clarks Creek wells which are tracked here

Monday, December 31, 2018:
None (there was no June 31, 2018)

Sunday, December 30, 2018:
33014, conf, Hess, EN-Thompson Trust-154-94-1930H-7, Alkali Creek, no production data, 
32274, conf, Slawson, Submariner Federal 2 SLH, Big Bend, no production data, 

Saturday, December 29, 2018:
34488, conf, XTO, Nelson Federal 21X-5C, Antelope, no production data, 
34448, conf, EOG, Clarks Creek 108-0706H, Clarks Creek, huge well,
DateOil RunsMCF Sold

32843, conf, BR, Remington 4B MBH, Blue Butte, no production data, 
32800, conf, EOG, Clarks Creek 155-0706H, Clarks Creek,
DateOil RunsMCF Sold

Friday, December 28, 2018:
33970, conf, Enerplus, Tungsten 147-93-16A-21H, Moccasin Creek, huge well:
DateOil RunsMCF Sold

33692, conf, Oasis, Lite Federal 5393 41-11 13BX, Sanish, huge well:

DateOil RunsMCF Sold

32276, conf, Slawson, Gobbler Federal 4-26-35MLH, Big Bend, no production data,

Thursday, December 27, 2018:
34487, conf, XTO, Nelson Federal 21x-5FXG2, Antelope, no production data,
34152, conf, Hess, SC-TR Slette-LE-153-98-1819H-1, Truax, no production data, 

Wednesday, December 26, 2018:
34486, conf, XTO, Nelson Federal 21X-5BXC, Antelope, no production data,
34151, conf, Hess, SC-TR Slette-153-98-1819H-8, Truax, no production data, 
32277, conf, Slawson, Goblin Federal 1 SLH, Big Bend, no production data,

Tuesday, December 25, 2018:
34150, conf, Hess, SC-TR Slette-153-98-1819H-7, Truax, no production data, 
34149, conf, Hess, SC-TR Slette-153-98-1819H-6, Truax, no production data, 

Monday, December 24, 2018:
34148, conf, Hess, SC-TR Slette-153-98-1819H-5, Truax, no production data, 

Sunday, December 23, 2018:
34485, conf, XTO, Nelson Federal 21X-5F, Antelope, no production data, 
34147, conf, Hess, SC-TR Slette-153-98-1819H-4, Truax, no production data, 

Saturday, December 22, 2018:

Week 51: December 16, 2018 -- December 22, 2018

International: Saudi Arabia announces record spending budget; needs $88+ oil

North America: Canada closed for business; Exxon exits

National: NG draw continues its slide

Christmas present: Vern Whitten's top 40 photographs of the Bakken

Geoff Simon's top ND energy stories
Hess adds Bakken value with plug-and-perf completions -- Hart Energy

Silurian record
A 37-year-old Silurian well abandoned after producing one million bbls of oil

Hess will ramp up operations in the Bakken
Number of active rigs hit highest number in four years; closes out the year at 69
Bakken oil production to slip in January, 2019
CLR looks to drill seventeen wells on a 2560-acre drilling unit
BR requests permission to drill nine wells on a 640-acre drilling unit
Old Equinor Skarston well shows huge jump in production
NGL pipeline proposed for the Bakken

Bakken economy
Legacy Fund banks another $70 million; sets monthly record for calendar year 2018

Bakken 2.5
Case study: CLR's Whitman well drilled in 2011
Case study: a Bruin Fort Berthold well
Mark Perry highlights the Bakken 
Huge MRO wells in Bailey field
BR Craterhawk: 230K in less than 8 months
Tier 3 looking like Tier 1?