Friday, September 20, 2019

Doing More With Less -- RBN Energy -- September 20, 2019

Data: a reader asked about production profiles from the NDIC site if one has the basic subscription ($50/year):
  • 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; 
Wells coming off confidential list today --  Friday, September 20, 2019: 51 for the month; 183 for the quarter:
  • 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;
Active rigs:

$58.779/20/201909/20/201809/20/201709/20/201609/20/2015
Active Rigs6066553267

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.