Tuesday, June 18, 2019

US Shale Oil Plays Should Report New Record Production This Summer -- EIA -- June 18, 2019

Drilling productivity report: released yesterday, June 17, 2019 -- EIA predicts another record-breaking production report for North Dakota for June.  
  • all four shale oil plays should report an increase in new-well production per rig; the Bakken could increase from 1,409 bopd to 1,413 bopd -- the highest among the four plays -- 
    • compare that 1,413 in the Bakken with only 698 in the Permian
  • predicted oil production per day by region
    • Permian: 4.171 million bopd
    • Bakken: 1.428 million bopd
    • Eagle Ford: 1.393 million bopd
    • Anadarko: 561,000 bopd
  • DUCs by region (May, 2019)
    • Permian: almost 4,000
    • Eagle Ford: 1,500
    • Anadarko: 1,000
    • Bakken:700 
Boeing: in dire straits. From zerohedge

Great writing. From Powerline. Agree completely -- even TCM is political. But that doesn't keep me from watching. The writer calls out Eddie Muller for his left-liberal perspective, but Ben Mankiewicz is even worse.

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Back to the Bakken

Wells coming off confidential list today -- Tuesday, June 18, 2019: 64 for the month; 253 for the quarter;
  • 34658, SI/NC, Petro-Hunt, USA 153-95-3A-10-4H, Charlson, no production data,
  • 34605, SI/NC, Slawson, Wolverine Federal 8-31-30H, Elm Tree, no production data,
  • 34240, 504, Oasis, Nelson 5298 422-23 5T, Banks, t1/19; cum 82K 4/19;
  • 33651, 1,429, CLR, Ransom 6-30H1, Elidah, t12/18; cum 102K 4/19;
The "parent uplift" phenomenon: next to #33651, this well:
  • 19824, 1,683, BR, Ransom 44-31H, Elidah, t5/11; cum 204K 4/19;
Production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-2019305171537732191111210452586
BAKKEN3-201928561055193579111361104521
BAKKEN2-201916260325521767464746070
BAKKEN1-201924270323073410366836080
BAKKEN12-201830289130075148483747630
BAKKEN11-2018178344595686161815760
BAKKEN10-20180000000
BAKKEN9-20180000000
BAKKEN8-20180000000
BAKKEN7-2018572033855421
BAKKEN6-20180000000
BAKKEN5-20180000000
BAKKEN4-2018138236015150
BAKKEN3-20180000000
BAKKEN2-2018100015130
BAKKEN1-2018319611155605223021550
BAKKEN12-20173113151175451243623590

Active rigs:

$51.876/18/201906/18/201806/18/201706/18/201606/18/2015
Active Rigs6264572878

RBN Energy: more on the changes coming to Texas gulf coast, part 2.
This much seems clear: natural gas demand along Texas’s Gulf Coast will be rising sharply, as will gas supply from the Permian and other inland plays to the coast. The catch is that, like clumsy dance partners, the increases in demand — mostly from new liquefaction/LNG export terminals and Mexico-bound gas pipelines — and the incremental supply to the coast via new, large-diameter pipes from the Permian are likely to be out of sync. That shifting imbalance, in turn, may well cause volatility in Houston Ship Channel gas prices as they relate to Henry Hub. In fact, we’re already seeing signs of what’s to come. Today, we continue our look at upcoming gas infrastructure expansions and their potential impact on the greater Texas Gulf Coast gas supply-demand balance.
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Increased Atmospheric CO2 Leading To Lush Texas Foliage

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