- a draw of 4.5 million bbls
- forecast: a draw of 2.333 million bbls
- that's pretty fine forecasting -- down to 2,333,000 bbls or forecast to the nearest 1000 bbls; color me impressed
- headline screenshot:
- but it was the gasoline, distillate build that suppressed oil prices; WTI dropped 20 cents
- gasoline inventories rose 8.0 million bbls vs a predicted build of 2.267 million bbls
- distillates rose 4.0 million bbls vs a predicted build of 2.567 million bbls
- again, the precision of the forecast is remarkable
Gasoline, days of supply, EIA: link here. Unremarkable. Still running at 25 days. Seven days too much supply.
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Back to the Bakken
Active rigs:
$46.98 | 1/3/2019 | 01/03/2018 | 01/03/2017 | 01/03/2016 | 01/03/2015 |
---|---|---|---|---|---|
Active Rigs | 65 | 53 | 39 | 60 | 171 |
Nine new permits:
- Operators: CLR (4): WPX (3); Petroshale; Berengery
- Fields: Banks (McKenzie); Squaw Creek (McKenzie); Eagle Nest (Dunn); Chatfield (Bottineau)
- Comments: CLR has permits for 4-well Wahpeto pad in 16-152-99; WPX has permits for a 3-well Badger pad in 23-149-94; Petroshale has a permit in 9-148-94 for a Helen MBH well; and, Berenergy has a permit for (most likely) a Madison well in 30-139-81;
- Whiting: a Rennerfeldt permit in Williams County
- from Williston Exploration to Medora Minerals, LLC
- in southwestern North Dakota
- most of them in Billings County
- older permits; as old as ##14994; most recent, #25347
- 31779, 509, Whiting, Pronghorn Federal 21-13-2PH, Park, t11/18; cum 8K over 12 days;
- 33891, 2,554, Hess, SC-5WX-152-99-0310H-2, Banks, t11/18; cum 16K over 14 days;
- 30633, 1,902, Hess, SC-Hoving-LW-154-98-1003H-1, Truax, t11/18; cum 14K over 16 days;
- 33892, 2,018, Hess, SC-5WX-152-99-0310H-3, Banks, t11/18; cum 28K over 20 days;
- 34169, 1,426, Hess, SC-Hoving-154-98-1003H-4, Truax, t11/18; cum 17K over 21 days;
- 33893, 1,740, Hess, SC-5WX-152-99-0310H-4, Banks, t11/18; cum 27K over 26 days;
- 34168, 1,450, Hess, SC-Hoving-154-98-1003H-3, Truax, t11/18; cum 24K over 28 days;
- 34146, 50, BR, Sanvan 1A-MBH-ULW, Elidah, t11/18; cum 5K over 11 days; #19712, #21542 -- see this post;
- 31771, 77, BR, Sanvan 8-1-29UTFH-ULW, Elidah, t11/18; cum 5K over 11 days;
#19712, #21542 -- see this post; - 33837, 1,625, Abraxas, Yellowstone 7H, North Fork, t8/18; cum 157K 11/18; #18708 -- absolutely no improvement; unusual to say the least with all the neighboring activity;
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Production Profile For That Abraxas Yellowstone Well
The well:
- 33837, 1,625, Abraxas, Yellowstone 7H, North Fork, t8/18; cum 157K 11/18;
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 11-2018 | 30 | 18743 | 18554 | 11006 | 54682 | 34186 | 20286 |
BAKKEN | 10-2018 | 31 | 25928 | 24517 | 13390 | 71443 | 34563 | 36663 |
BAKKEN | 9-2018 | 30 | 32383 | 32439 | 16689 | 84072 | 53433 | 30429 |
BAKKEN | 8-2018 | 31 | 38012 | 38361 | 18524 | 77658 | 51554 | 25887 |
BAKKEN | 7-2018 | 30 | 35243 | 34506 | 19239 | 68724 | 40758 | 27756 |
BAKKEN | 6-2018 | 10 | 6582 | 6507 | 5641 | 9622 | 7779 | 1773 |
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