- NDIC
- drop down menu on the left, near the bottom, "Basic Services"
- drop down menu on the left, "Scout Ticket Data" -- at this point, userid and password
- at this point, one may get the "scout ticket data" without the production profile
- if so, click on "Get Production History" which is in bold dialogue box near the bottom
- that will bring up the entire production history for that well if it's off the confidential list and producing;
- 35701, SI/NC, Petroshale, Thunder Cloud 1TFH, McGregory Buttes, no production data,
- 35040, SI/NC, Hess, BB-Charlie Loomer-150-95-0718H-7, Blue Buttes,
- 34819, SI/NC, XTO, Myrna Federal 21X-2A, Alkali Creek,
- 32422, 225 (no typo), BR, CCU Boxcar 6-8-22 MBH, Corral Creek, t6/19; cum 22K over 13 days;
- 32420, 180 (no typo), BR, CCU Audubon 7-8-22 TFH, Corral Creek, t6/19; cum 19K over 13 days;
| $58.77 | 9/20/2019 | 09/20/2018 | 09/20/2017 | 09/20/2016 | 09/20/2015 |
|---|---|---|---|---|---|
| Active Rigs | 60 | 66 | 55 | 32 | 67 |
RBN Energy: E&Ps boosting production despite sharp cuts to capital spending, part 2, or as I have said all along, rigs don't matter (don't take that out of context) -- archived.
You may not know it by the look of the S&P E&P stock index, which has been flirting with record lows in recent weeks, but exploration and production companies are continuing to defy the industry’s legendary boom-and-bust cycles by pumping out increasing volumes of crude oil and natural gas while slashing spending. Some types of E&P companies have fared better than others in this lower-price environment. How are they continuing to generate substantial production growth under sharply lower capital investment programs?
Today, we update our analysis of capital expenditures and production growth based on the second-quarter results of the 43 U.S. oil-focused, gas-focused, and diversified producers we track.
There was an interesting Rystad report out, saying that total lateral feet drilled and proppant pumped is flat, not down, despite the drop in rigs and frac crews. This is a positive point. However, on the other side, just looking at production (below), we see that growth has basically stopped for the last 7 months (up less than 0.1 MM bopd).
ReplyDeletehttps://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M
I do have some hope that things kick in during the second half. Sometimes that happens. But still, you have to look at results. And the last 7 months are very slow. Dropping from a rate of 2 MM bopd/year (in 2018) to less than 0.2 MM bopd/year.
I think there has been an impact of the lower prices, less rigs, less frac crews. Also, the higher base decline (from recent growth). I mean DEC17 to DEC18 was a jump from 10 MM bopd to 12 MM bopd. Does anyone think we are going to hit 14 this DEC??
The proof will be in the pudding, as they say, when we see the financial results for the shale operators for 3Q19 and 4Q19.
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