Only One Well Coming Off Confidential List Today -- September 19, 2019

Shell / Saudi Arabia deal: announced last April, 2019, well before the recent Mideast tension:

Saudi Aramco has acquired Shell Saudi Arabia (Refining) Limited’s 50-percent interest in the SASREF refining joint venture for $631 million, Shell and Saudi Aramco reported Wednesday, September 18, 2019.

The companies noted the acquisition follows receipt of all necessary regulatory consents. Located in Jubail Industrial City, Saudi Arabia, SASREF can process up to 305,000 barrels per day of crude oil and is one of the world’s largest export refineries, according to Shell’s website

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Back to the Bakken

Only one well coming off the confidential list today --
Thursday, September 19, 2019: 46 for the month; 178 for the quarter:
32421, conf, BR, CCU Boxcar 6-8-22 TFH, Corral Creek, producing,
Active rigs:

$59.18	9/19/2019	09/19/2018	09/19/2017	09/19/2016	09/19/2015
Active Rigs	59	66	55	32	67

RBN Energy: is the Uinta Basin poised for major crude production gains? Archived.

The Uinta Basin in northeastern Utah boasts enormous reserves of unusual, waxy crude oil with many characteristics that refiners desire: medium-to-high API gravity and very low sulfur, acid and metal content among them. Moreover, the combination of long horizontal wells and hydraulic fracturing now give producers access to the basin’s waxy crude at a remarkably low cost per barrel. The catch is that the crude’s most notable feature — its shoe-polish-like consistency at room temperature — poses a major economic and logistical challenge: how to cost-effectively transport the stuff to distant markets.

Refineries in nearby Salt Lake City have been making good use of the waxy oil for decades, but there are limits to how much they can process, so Uinta Basin producers, midstreamers and investors have been working on ways to move large volumes to faraway places like the Gulf and West coasts. They may finally be making real progress. Today, we begin a series on the prospects for taking waxy-oil production from the often-overlooked Uinta Basin to the next level.