Wednesday, July 17, 2019

Only Two Wells Coming Off Confidential List Today -- Wednesday, July 17, 2019

Wells coming off confidential list -- Wednesday, July 17, 2019: 28 for the month; 28 for the quarter;
  • 35581, 770, Petro-Hunt, Dolezal 146-97-31C-30-4H, Little Knife, t6/19; cum --;
  • 33538, 1,415, CLR, Hendrickson Federal 14-25HSL, Elm Tree, t1/19; cum 103K 5/19, see production profile below;
Active rigs:

$58.307/17/201907/17/201807/17/201707/17/201607/17/2015
Active Rigs5669592973

RBN Energy: the challenge of new crude pipeline operations.
The next wave of Permian crude oil pipeline infrastructure is getting completed as we speak. In West Texas, several new pipeline projects are either finalizing their commercial terms and agreements, wrapping up the permitting process, or actually putting steel in the ground. In the Permian alone, there is a potential for 4.3 MMb/d of new pipeline takeaway capacity to get built in the next two and a half years. Along with those major long-haul pipelines, there are also crude gathering systems being developed to help move production from the wellhead to an intermediary point along one of the big new takeaway pipes.
While we often like to give pipeline projects concrete timelines with hard-and-fast online dates, the actual logistics of how producers, traders and midstream companies all bring a pipeline from linefill to full commercial service are never clean and simple. There can be a lot of headaches, learning curves, and expensive — not to mention time-consuming — problem-solving exercises that come with the start-up process. In today’s blog, we discuss why new pipelines often experience growing pains, and how market participants navigate the early days of new systems.

33538:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-2019312001419996962129045220336779
BAKKEN4-2019302021720349943030350228507320
BAKKEN3-20193126180262741132236956298646867
BAKKEN2-20192823090228501010534827329881839
BAKKEN1-2019151339013095490918864161972667

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