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Tuesday, January 22, 2019

Sixteen Wells Will Be Reported Out Today -- January 22, 2019

Two gazillion unemployed males? You think China ready to deal? China's economy grew 6.6% in 2018, the lowest pace in two years. Link here 

Open book test: a written examination during which an examinee is permitted to consult references to answer questions calling for organization, analysis, or judgment, rather than memorization.

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Back to the Bakken

NOG: rising sharply.


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Wells coming off the confidential list today --

Tuesday, January 22, 2019
34879, conf, Newfield, Berg Federal 149-97-30-31-4H, Haystack Butte, producing, 
34878, conf, Newfield, Berg Federal 149-97-30-31-5H, Haystack Butte, producing, 
34613, conf, WPX, Benson 3HC, Squaw Creek, no production data, 
34476, conf, Lime Rock Resources, Laura Sadowsky 2-1-36H-142-96, Manning, an okay well, 
34475, conf, Lime Rock Resources, Laura Sadowsky 3-1-36H-142-96, Manning, an okay well,
34197, conf, CLR, Norway 9-5H2, Fancy Buttes, producing, but not much,
33643, conf, CLR, Ransom 5-30H2, Elidah, producing, albeit not much,
23939, conf, XTO, FBIR Ironwoman 21X-10E, Heart Butte, 

Monday, January 21, 2019
34885, drl, XTO, FBIR Ironwoman 21X-10B, Heart Butte;
34876, 1,962, Newfield, Berg Federal 149-97-30-31-7H,  Haystack Butte, t11/18; cum 11K after 8 days extrapolates to 42K over 30 days;
33779, 281, Oasis, Crane Federal 5300 14-27 3B, Willow Creek, 50 stages; 11 million lbs, t7/18; cum 89K 11/18;

Sunday, January 20, 2019
32926, SI/NC, BR, Chuckwagon 31-15TFH, Sand Creek, no production data,
23940, drl, XTO, FBIR Ironwoman 21X-10F, Heart Butte -- look how old this permit is;

Saturday, January 19, 2019
34493, 939, Nine Point Energy, Hovde 150-100-6-7-2H, Spring Creek, 60 stages, 8 million lbs, t8/18; cum 100K 11/18;
33971, 2,631, Enerplus, Zinc 147-93-09D-04H, Moccasin Creek, 41 stages; 13.8 million lbs; a huge well, the Enerplus heavy metal pad is tracked here; t7/18; cum 146K 11/8;
23937, drl, XTO, FBIR Yellowwolf 21X-10F, Heart Butte -- look how old this permit is;

Active rigs:


$53.221/22/201901/22/201801/22/201701/22/201601/22/2015
Active Rigs67583847159

RBN Energy: making America great again! US refiners processed record crude oil volumes in 2018.
Record runs allowed U.S. refiners to continue a multiyear streak of strong margins in 2018 despite higher crude prices during the first three quarters and a weaker fourth quarter after product prices tanked along with crude in October. While rising crude prices threatened refinery margins, a high Brent premium over domestic benchmark West Texas Intermediate (WTI) kept feedstock prices for U.S. refiners lower than their international rivals. The availability of discounted Canadian crude also helped produce stellar returns for Midwest, Rockies and Gulf Coast refiners that are configured to process heavy crude. Product prices only weakened in the fourth quarter when gasoline inventories began to rise. Today, we highlight major trends in the U.S. refining sector during 2018 and looks forward to 2019.
U.S. refiners processed record volumes of crude in 2018. After processing an average 16.6 MMb/d of crude in 2017, according to the Energy Information Administration (EIA), U.S. refiners upped their game to input an all-time high of about 17 MMb/d in 2018. Increased throughput in 2018 came with minimal additions to operable capacity and represents an annual average utilization rate just above 93% based on weekly EIA data. The 2018 refinery input levels were consistently above the prior 10-year average.

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