Three Wells Come Off The Confidential List Today -- July 30, 2019

Story that most fascinates me today: what I call the "plastic straw" story in the Permian. More on that later.

Most important business story not being reported: Boeing. The Boeing 737 MAX story is officially being followed here.

Just how big will the Permian be? I like to think I know the Bakken very well, but if you asked me the names of the crude oil gathering systems in the Bakken, I could not name very many. DAPL. Okay. That's one. Completely different with the Permian. See RNB Energy post today (below).

**************************************  
Back to the Bakken

Wells coming off the confidential list today -- Tuesday, July 30, 2019: 46 for the month; 46 for the quarter;

• 34584, 806, Enerplus, Crocodile 151-94-17A-20H-TF, Antelope-Sanish, t1/19; cum 156K 5/19; 
• 34583, 639, Enerplus, Alligator 151-94-17A-20H, Antelope-Sanish, t1/19; cum 152K 5/19;
• 32950, 166, BR, State Dodge 2A TFS, Dimmick Lake, t5/19; cum --;

Note: Enerplus' Lizard pad is tracked here.

Active rigs:

$57.54	7/30/2019	07/30/2018	07/30/2017	07/30/2016	07/30/2015
Active Rigs	59	63	61	35	73

RBN Energy: Brazos Midstream's crude oil gathering system in the Delaware Basin, part 13.

Crude oil gathering systems in the Permian and elsewhere are, by their very nature, evolving things. They increase in mileage and crude-carrying capacity as new wells are drilled and completed, and it’s not uncommon for smaller systems to be consolidated into larger ones. It’s also become typical for the ownership of these systems to change — sometimes year to year — as early investors cash in on what they’ve developed, and buyers see opportunities to rake in increasing revenue and take their newly acquired systems to the next level. Also, owners of neighboring systems sometimes form joint ventures that combine their assets, all to make their operations work better for their producer customers. Today, we continue our series on Permian gathering with a look at Brazos Midstream’s crude gathering system in the Delaware Basin, which has experienced considerable evolution.