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 --

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2019	31	23717	23977	14752	74977	71812	2948
BAKKEN	2-2019	28	28254	28375	16724	88639	87805	638
BAKKEN	1-2019	31	30514	30714	28399	90855	74704	15934
BAKKEN	12-2018	31	27474	27297	38832	64659	0	64659
BAKKEN	11-2018	16	9226	8756	27413	626	0	626

Active rigs:

$62.77	5/16/2019	05/16/2018	05/16/2017	05/16/2016	05/16/2015
Active Rigs	65	59	50	28	83

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.