Thursday, May 16, 2019

Three Wells Coming Off Confidential List Today -- May 16, 2019

NEW Permian oil to feed global markets: Bloomberg.
  • for alternate views: US shale is about to go bust -- Nick Cunningham
  • US shale, a retirement party, not a revolution -- Art Berman
Schlumberger to sell $400 million in drilling assets.

Brazil? Peak oil? What peak oil? Brazil's offshore making a comeback -- state wants to grow off-shore production by 200 percent -- Rigzone

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Back to the Bakken 

Wells coming off confidential list today -- Thursday, May 16, 2019:
  • 35155, SI/NC, XTO, Bullberry Federal 24X-2C, Lost Bridge, no production data,
  • 34859, SI/NC, MRO, Rochelle USA 21-17TFH, Reunion Bay, no production data,
  • 34239, 605, Oasis, Aagvik 5298 42-23 9B, 50 stages; 6 million lbs; Banks, t12/18; cum 3/19; note the small amount of proppant for a middle Bakken well; that's the amount of proppant one would expect for a Three Forks well;
The Aagvik wells are tracked here. #34239 is another huge Aagvik well --

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN3-20193123717239771475274977718122948
BAKKEN2-2019282825428375167248863987805638
BAKKEN1-201931305143071428399908557470415934
BAKKEN12-20183127474272973883264659064659
BAKKEN11-20181692268756274136260626

Active rigs:

$62.775/16/201905/16/201805/16/201705/16/201605/16/2015
Active Rigs6559502883

RBN Energy: Delek's US's crude oil gathering system in the Midland Basin, part 5.
Crude oil gathering systems do just that — they gather crude from multiple well sites — but the drivers behind their initial development can vary widely. Some gathering systems are developed by oil producers to reduce their use of trucks and more efficiently transport increasing volumes of crude from the lease to takeaway pipelines. Others are the brainchildren of savvy midstream companies that see an opportunity to serve multiple producers in a fast-growing production area. And then there are systems like the one refiner Delek US is now expanding in the Permian’s Midland Basin near the company’s Big Spring, TX, refinery. It’s designed to feed locally produced crude directly to that refinery — and possibly other Delek refineries too — and may potentially be used to help fill a long-haul takeaway pipeline that Delek still hopes to co-develop with partners. Today, we continue our series on Permian gathering systems with a look at Delek’s 200-mile Big Spring project, part of which is already up and running.

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