Three Wells Will Come Off The Confidential List Today -- August 13, 2019

Wells coming off the confidential list today -- Tuesday, August 13, 2019: 17 for the month; 66 for the quarter:

• 35938, SI/NC, XTO, Badlands Federal 21X-13B, North Fork, no production data,
• 35352, SI/NC, Hess, RS-State D-155-92-0203H-2, Alger, no production data,
• 32464, drl, BR, CCU Burner 1-1-26TFH, Corral Creek, no production data, TVD = 11,123.79 feet; this was the fourth curve completed on a quad pad; the well was plugged after having problems with hole stability and running intermediate casing; the well file has nice update (at the time) re: pad drilling plans

Active rigs:

$54.47	8/13/2019	08/13/2018	08/13/2017	08/13/2016	08/13/2015
Active Rigs	61	60	57	33	72

RBN Energy: Plains All American Cactus II oil pipeline nears commercial operation. [We posted a screenshot from twitter regarding this yesterday.) This will be a big story over time. Archived.

It’s no secret by now that Permian oil markets have struggled over the last two years as nagging takeaway-pipeline constraints put a damper on production growth and, at times, hammered pricing in the basin. Like the Houston Astros’ opponents in the AL West, though, the days are numbered now for Permian oil market constraints, as two new large-diameter pipelines from West Texas to Corpus Christi will be in-service by the end of the month. One of those pipes, Plains All American’s Cactus II, is set to enter service this week.

Cactus II consists of 575 miles of new 26-inch-diameter pipeline and extends from McCamey, TX, in the southern Midland Basin to delivery points near Corpus Christi. Note that Cactus II can also access the oil hub at Wink, TX, in the Delaware Basin via a capacity lease on another Plains-operated pipeline. Also, while Cactus II closely follows the route of Plains’ original Cactus Pipeline , the two pipelines do not share facilities. From the Permian, Cactus II extends southeast toward the Texas Gulf Coast and has been completed to Ingleside, TX, which is just across the bay from Corpus Christi. Plains confirmed last week that Cactus II is in the process of taking linefill in preparation for entering commercial service this week. Plains is also working to complete a final segment of Cactus II that will run from Taft, TX, to delivery points across the water from Ingleside along the Corpus Christi Ship Channel. This segment is expected to be completed by the end of the first quarter of 2020.