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:

$58.30	7/17/2019	07/17/2018	07/17/2017	07/17/2016	07/17/2015
Active Rigs	56	69	59	29	73

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:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2019	31	20014	19996	9621	29045	22033	6779
BAKKEN	4-2019	30	20217	20349	9430	30350	22850	7320
BAKKEN	3-2019	31	26180	26274	11322	36956	29864	6867
BAKKEN	2-2019	28	23090	22850	10105	34827	32988	1839
BAKKEN	1-2019	15	13390	13095	4909	18864	16197	2667