| $62.07 | 12/30/2019 | 12/30/2018 | 12/30/2017 | 12/30/2016 | 12/30/2015 |
|---|---|---|---|---|---|
| Active Rigs | 56 | 66 | 49 | 39 | 61 |
Wells coming off the confidential list: see long list below.
RBN Energy: MPLX's BANGL, fracs and exports plan. Archived.
Over the past two years, MPLX has been ramping up its midstream development activity in the Lone Star State, or more specifically in the “Permian-to-Gulf” market, where it’s been building or buying into gathering systems, gas processing plants, and crude and natural gas takeaway pipelines, among other things.
Marathon Petroleum Corp.’s midstream-focused master limited partnership also has been in hot pursuit of a number of possible NGL-related projects, including MPLX’s proposed Belvieu Alternative NGL (BANGL) Pipeline and three big fractionation plants in the Sweeny, TX, area, and a planned LPG export terminal in Texas City, TX.
As a group, these projects would require millions of barrels of underground salt-cavern storage capacity for y-grade and NGL purity products along the Texas coast, as well as multiple pipeline connections to move the stuff to where it needs to be.
Today, we continue our series on Gulf Coast NGL storage with a look at the NGL side of the MLP’s Permian-to-Gulf strategy.RBN Energy: Plains All American's Cactus II ramps up Corpus deliveries.
t’s safe to say that Permian producers had a good Christmas. Sure, their stock prices may be off a bit and their rig counts are down. But the absolute prices they are paid for their crude oil are up by almost $20/bbl versus this time in December 2018, and the price spreads between the Permian and neighboring markets have significantly narrowed as a result. What’s driving this change? There are a variety of factors at play, but chief among them is the new pipeline infrastructure that has helped lift Permian producers’ oil price realizations. Today, we check in on the status of one of the major new pipelines that have contributed to the seismic shift in the Permian oil market this year.Shale bust redux.
For those who subscribe to The WSJ, you probably saw the "as shale wells age, gap between forecasts and performance grows" by Rebecca Elliott and Christopher M. Matthews. If the story sounds familiar, it's because it is. This this has been previously posted. From the same writers, almost exactly one year ago, January 2, 2019, also in The WSJ, "fracking's secret problem -- oil wells aren't producing as much as forecast." And then again, September 29, 2019, by the same two writers, RE and CMM, "shale boom is slowing just when the world needs oil most." Really? Two final nominees for the Geico Rock Award for 2019.Geico Rock Award: The nominees for the 2019 Geico Rock Award are tracked here.
Reply: in Forbes, September 6, 2019, Dan Eberhart had a nice reply, "no, shale's not dying, it's just maturing."
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Busy, Busy Day Today?
Unless I'm missing something, the NDIC has not posted IPs for wells coming off the confidential list two Saturdays ago (since Saturday, December 21, 2019). I just checked and going back to December 21, 2019, these wells are still listed as yet to come off the confidential list. It could be a very, very busy day. And I had planned to go to the movies with my wife today. Wow.
Monday, December 30, 2019: 98 for the month; 303 for the quarter:
- 36370, conf, Newfield, Hoffman 150-98-18-19-10H,
- 36134, conf, XTO, Arlys 34X-31H,
- 35239, conf, Lime Rock Resources, Anderson 13-24-4TFH,
- 22300, SI/NC, Bruin, FB Belford 148-95-22D-15-2T, Eagle Nest, no production data,
- 36369, conf, Newfield, Hoffman 150-98-18-19-5H,
- 22301, SI/NC, Bruin, FB Belford 148-95-22D-15-3B, Eagle Nest, no production data,
- 36368, SI/NC, Newfield, Hoffman 150-98-18-19-5H, Siverston, no production data,
- 36133, SI/NC, XTO, Arlys Federal 34X-31C, Siverston, no production data,
- 34835, 2,105, Enerplus, Eos 149-93-33D-28H-TF, Mandaree, t6/19; cum 95K 10/19;
- 34776, 357, Enerplus, Thai 148-94-11C-2H-TF, McGregory Buttes, t6/19; cum 28K 10/19;
- 30891, 776, Oasis, Stenberg 5199 11-97B, Poe, t7/19; cum 139K 101/9;
- 36367, SI/NC, Newfield, Hoffmann 150-98-17-20-5HLW, Siverston, no production data,
- 35878, 1,344, Whiting, Domaskin 21-20HU, Sanish, t7/19; cum 65K 10/19;
- 35875, 709, Whiting, Domaskin 34-17TFHU, Sanish, t7/19; cum 27K 10/19;
- 35744, 411, Whiting, Ogden 41-9TFHU, Sanish, t7/19; cum 59K 10/19;
- 35699, SI/NC, Slawson, Mole 6-20TFH, Big Bend, no production data,
- 34773, 573, Enerplus, Hidalgo 148-94-11C-2H-TF, McGregory Buttes, t6/19; cum 63K 10/19;
- 36366, SI/NC, Newfield, Hoffman 15-98-17-20-6H, Siverston, no production data,
- 34836, 576, Enerplus, Nyx 149-93-33D-28H-TF, Mandaree, t6/19; cum 114K 10/19;
- 30179, SI/NC, Slawson, Challenger Federal 7-29-32TFH, Big Bend, no production data,
- 35782, 1,739, Hess, EN-Farhart-156-93-0409H-4, Baskin, t6/19; cum 86K 10/19;
- 35698, SI/NC, Slawson, Mole 7-20TFH, Big Bend, no production data,
- 35903, SI/NC, Slawson, Orca Federal 1 SLH, Big Bend, no production data,
- 35570, 451, Whiting, Anderson 11-7-2TFH, Sanish, t7/19; cum 35K 10/19;
- 35569, 1,276, Whiting, Anderson 11-2H, Sanish, t6/19; cum 70K 101/9;
- 35120, 593, Oasis, Nordeng 5298 13-25 9T, Banks, t7/19; cum 99K 10/19;
- 34837, 655, Enerplus, Homer 149-93-33D-28H-TF, Mandaree, t6/19; cum 87K 10/19;
- 34774, 1,738, Enerplus, Ancho 148-94-11C-2H, McGregory Buttes, t6/19; cum 138K 10/19;
- 36524, SI/NC, Slawson, Challenger Federal 9-29-32H, Big Bend, no production data,
- 36173, drl, XTO, Lavern 42X-14H, Capa,
- 35902, SI/NC, Slawson, Tempest Federal 1 SLH, Big Bend, no production data,
- 36172, drl, XTO, Lavern 42X-14CXD, Capa,
- 34838, 1,123, Enerplus, Hera 149-93-33D-28H, Mandaree, t6/19; cum 135K 10/19;
- 30178, SI/NC, Slawson, Diamondback 1 SLH, Big Bend, no production data,
- 36171, drl, XTO, Lavern 42X-14BXC, Capa,
- 35901, SI/NC, Slawson, Slasher Federal 722-27 MLH, Big Bend, no production data,
- 34746, 607, Oasis, Nordeng 5298 13-25 8B, Banks, t7/19; cum 126K 10/19;
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