Another Oasis Aagvik Well Coming Off Confidential Today -- May 7, 2019

Fracking note: see the fracking data for the Oasis Aagvik well coming off confidential list today -- 50 stages BUT slightly less than 4 million lbs sand.  Completion strategies in the Bakken are tracked here.


Deal: Anadarko accepts OXY's new bid; Chevron has four days to counter-offer. Huge loss for Chevron is they lose this deal. Consolation prize: Chevron will get a $1 billion break-up fee. Part of the new offer cy OXY was to sell Anadarko's Africa assets to Total for $9 billion. 

SRE: beats by 29 cents; misses on revenue. Press release here.

BA: Boeing fell almost $5 yesterday; looks like it will lose almost another $4 today.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or think you may have read here. 

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Back to the Bakken

Brent: down 1.33%; trading at $70.29

Wells coming off the confidential list today -- Tuesday, May 7, 2019: 24 wells for the month; 119 wells for the quarter

• 35306, SI/NC, Hess, BL-Domy-156-95-2932H-10, 
• 35305, SI/NC, Hess, BL-Domy-156-95-2932H-9, 
• 35199, 2,799, WPX, North Mabel 2-35HF, Mandaree, t3/19; cum 21K 28 days;
• 34036, 543, Oasis, Aagvik 5298 41-35 2TX, 50 stages; 3.969 million bls; Banks, t11/18; cum 95K 3/19;
• 32510, 173,  BR, CCU Mainstreeter 5-1-25MBH, Corral Creek, t3/19; cum --

The Oasis Aagvik wells are tracked here. 

Active rigs:

$61.53	5/7/2019	05/07/2018	05/07/2017	05/07/2016	05/07/2015
Active Rigs	62	61	49	27	85

RBN Energy: factors affecting feedgas demand and LNG exports in 2019.