Got coal? China is going to burn a lot of it.
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Back to the Bakken
Active rigs:
$58.73 | 11/22/2019 | 11/22/2018 | 11/22/2017 | 11/22/2016 | 11/22/2015 |
---|---|---|---|---|---|
Active Rigs | 57 | 62 | 54 | 36 | 65 |
Wells coming off the confidential list today -- Friday, November 22, 2019: 76 for the month; 171 for the quarter:
- 35908, SI/NC, WPX, Beaver 22-21HX, Squaw Creek, no production data,
- 35259, SI/NC, Hess, BB-Olson-150-95-09H-8, Blue Buttes, no production data,
- 31614, 20 (no typo but typical of BR), BR, Hefer 8-8-20 UTFH-ULW, Elidah, t9/19; cum --;
- 29920, 1,377, Oasis, O M Erickson 5501 43-7 5B, Missouri Ridge, t5/19; cum 88K 9/19;
Crude oil production in the Permian grew steadily through the 2010s and now tops 4.5 MMb/d — five times what it was at the start of the decade. Production in the Bakken and the Denver-Julesburg (D-J) Basin sagged when crude prices plummeted in 2014-15, but both regions chugged their way back, with output setting new records every month or two in 2018-19. SCOOP and STACK are another story. Only a year or two ago, many producers and others were talking up the neighboring crude-focused plays in central Oklahoma as the next big thing, maybe even a Sooner State Permian. But while SCOOP/STACK production increased through 2018, it’s been flat or falling ever since, and most producers there have been slashing their drilling activity. Today, we look at recent developments in the once-hot region.
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