They Take Their Sports Seriously In Texas -- May 29, 2019

Updates

June 4, 2019: this update --

 

Original Post

 
Graduate of the ISD that our granddaughters attended when the family first moved to Texas:

He is mentioned at this wiki site:  he is the son of a Bobby Witt, a former MLB pitcher. At the wiki site:

As of April 2015, Witt lives in Colleyville, Texas, with his wife and four children and is now a player agent. His son, Bobby Witt Jr., is the top ranked prospect by Perfect Game in the Class of 2019[and is committed to play college baseball at the University of Oklahoma. 

OU signee Bobby Witt Jr. was named the 2019 Gatorade National High School Baseball Player of the Year, the Gatorade Player of the Year program announced Wednesday. Witt committed to play baseball at Oklahoma in June 2017, but is a projected top-5 pick in the MLB Draft on Monday, June 3, 2019.

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Notes to the Granddaughters

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The Physics Page

I absolutely do not understand physics. I didn't understand it in high school and fortunately did not have to "take it" in college. The closest I came was biochemistry and "P. Chem" -- physical chemistry. Although, now that I write that, "P. Chem" is probably more "physics" than "chemistry." Whatever.

I have to keep reading books on quantum physics or else I completely forget the story. I think one of the most interesting things is to read the history of quantum to see when physicists first realized they had a tiger by the tail, and exactly who the physicist was that coined the term, and which physicist is really the "father of quantum."

So, here I go again: The Quantum Story: A History in 40 Moments, Jim Baggott, c. 2011.

I've only read the first two chapters but it's a really, really good book. I don't care for the "physical feel" of the book. I don't like the font and I don't  like the binding. It's an Oxford University Press imprint. But the content is really, really good.

The historical vignettes of the physicists are very, very interesting. Much of the story I already know, but Baggott has a way of really telling a good story.

If I had room on my shelves for more books, I would add this to my top shelf. As it is, the only copy I will read will be from the library.

It is amazing to read (again) that at the turn of the century, only 40-some years before the Manhattan project, physicists felt that the atom was "not divisible," that the atom was not composed of more fundamental particles. In fact, it was not until about 1910 that:

... atoms had evolved from hypothetical entities, dismissed by some physicists as the result of wildly speculative metaphysics, into the objects of detailed laboratory studies.

When he published his five papers in 1905, Einstein was not yet convinced that atoms existed. 

North Dakota Board To Hear Case On Extension Of Leases -- May 29, 2019

Updates

May 31, 2019: MRO denied.

May 30, 2019: see this note. 

Original Post 

From The Bismarck Tribune:

North Dakota's Board of University and School Lands is set to decide on an oil company's request for a leasing extension that the state land commissioner said may set precedent, if granted.

Marathon Oil Company has had four leases to about 470 mineral acres in Dunn County since May 2013. The Badlands-area tracts north of Killdeer have proven difficult to develop for a variety of reasons, such as rough terrain and locating a drill pad. Marathon Oil has spent more than $4 million related to the tracts.

Mineral tracts leased through the North Dakota Department of Trust Lands expire after five years, with two 180-day extensions available under certain conditions.

In March 2018, the Land Board, comprising five state elected officials with Gov. Doug Burgum as chairman, negotiated and granted a one-time 360-day leasing extension to Marathon Oil under amended contractual terms.

Rough terrain? Considering where oil companies drill around the world, it's hard to believe that "rough terrain" is that "rough" in North Dakota. This will be interesting to follow. It's likely I will miss the results of the hearing -- if I fail to post the decision, hopefully some reader who catches it will let me know.

An "Eminent Domain" Case? -- May 29, 2019 -- A Reader Helps Me Understand

This seems to be an important precedent, but I really don't know.

From Platts:

Landowners' arguments that pipeline companies improperly gain quick access to properties well ahead of compensating owners will not get a hearing before the US Supreme Court.

The high court on Tuesday declined to take up a case brought by landowners whose properties were condemned to allow for construction of Transcontinental Gas Pipe Line's 1.7 Bcf/d Atlantic Sunrise Project.

At issue is one of a series of cases that challenged implementation of eminent domain powers under the Natural Gas Act and which, if successful, could have affected pipeline projects' ability to meet in-service schedules. Federal appeals court rulings thus far generally have favored current practices, but another appeal arising from the Mountain Valley Pipeline project is expected.

Update: since I really don't know anything about these kinds of things, a reader responded -

The case that the Supreme Court declined to review (thus giving the nod to the pipeline company) was pretty much a nothingburger.

Essentially, a handful of anti-hydrocarbon zealots who were also property owners where the pipeline would traverse, refused all offers of compensation for Right Of Way.

After the FERC certificate is granted, it is a done deal that the ROW will be granted to the pipeline.

These holdouts wanted to string along compensation negotiators  as merely a stalling tactic.

A lower court allowed construction to take place without payment terms being in place. (Pipeline - Atlantic Sunrise - has been in operation several months now).

A court will weigh in with a fair market payments shortly, if not already determined, in fact.

Comment:  

I really didn't know if it was important or not. I guess my biggest concern was the Supreme Court (with a couple of unpredictable legal minds -- and I use the phrase loosely) may have decided it was time to let these folks have their "day in court."

This sounds very similar to pooling when it comes to drilling a well, when 99% of mineral owners agree to lease terms but there are two or three holdouts.

API Reports Nice Draw Of US Crude Oil -- May 29, 2019

Earlier today this was posted:

From SeekingAlpha, earlier this week, predicting EIA numbers this week, this is from HFI Research:

• There was no SPR this week, so our estimate would be -3.4 to -5.4 mbbls for this week's EIA crude storage report.

So, how did that work out? Pretty good actually.

From oilprice:

• API reports a large draw in crude oil -- 5.265 million bbls of oil
• forecast: a drawdown of around a million bbls of oil
• WTI: $59.13, up slightly

We should get the EIA data tomorrow, Thursday, May 30, 2019, which may or may not corroborate the API data.

All API inventory numbers:

• crude oil: a draw of 5.265 million bbls
• distillates: a draw of 2.144 million bbls
• gasoline: a build of 2.711 million bbls (expected: a draw of one-half million bbls)
• Cushing: a draw of 176,000 bbls

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An Aubrey McClendon Company Files For Bankruptcy

This is pretty much a non-story and I would not have posted it except for the association with Aubrey McClendon. From The WSJ:

White Star Petroleum LLC, founded by late oilman Aubrey McClendon, filed Tuesday for chapter 11, days after unpaid vendors tried to push the energy company into an involuntary bankruptcy.

The Oklahoma City-based oil and gas producer also plans to put its assets up for sale.
The company said it has been stressed financially in recent years, partly due to low production volumes and higher-than-expected operational costs.

Due to the drop in commodity prices late last year, as well as White Star’s financial condition, the business stopped drilling new wells in April.

Existing lenders will provide up to $28.5 million in financing, secured by virtually all of the company’s assets, to help the business get through bankruptcy. White Star has 169 employees, and, at year-end, had the equivalent of 84.4 million barrels of oil in Oklahoma.

Random Note -- Field Briefcase -- May 29, 2019

Earlier today, I received a note from a "product launcher":

Bobby Martin, a Texas oilfield service controls technician, was often frustrated by too many work gadgets and not enough hands to manage them while trying to get the job done. He dreamed of the ability to pack up his desk and carry it with him. After thinking, planning and problem-solving with his wife, Mindy, the Martins made Bobby’s dream a reality.

The OmniShelf is the world’s first-ever portable workstation and briefcase. It attaches to any surface – truck door, telephone pole, HVAC equipment, wall and more – with industrial strength suction cups or magnets. When you’re done, simply close up and transport your tools and office materials from jobsite to jobsite.

The website is here.

I have no relationship with this company or product. Simply re-posting and linking a website. I have no experience with this product.

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Tesla

Shuts down night and weekend shifts in Fremont -- cites weaker demand for Model S and X -- link here:

Palo Alto-based electric automaker Tesla Inc. has cut its production staff in Fremont and eliminated night and weekend shifts for the teams in charge of making the Model S and Model X.

The company has decided to build the forthcoming Model Y at its factory in Fremont, which will require Tesla to combine its Model S and X production lines to make room.

Later this year, Tesla will begin producing a refreshed version of the Model S, which could include a more minimalist interior, a battery pack with a 400-mile range, and the same drive units and seats used in the high-end Model 3.

TSLA trading at $190; 52-week low about $185.

Smart money says Tesla takeover won't occur until TSLA trades below $100.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relatinoship decisions based on what  you read here or think you may have read here.

Hess With Four New Permits -- May 29, 2019

Active rigs:

$58.82	5/29/2019	05/29/2018	05/29/2017	05/29/2016	05/29/2015
Active Rigs	64	65	50	29	80

Four new permits:

• Operator: Hess
• Field: Blue Buttes (McKenzie)
• Comments: Hess has permits for a 4-well BB-State pad in section 17-151-95, Blue Buttes oil field

Five producing wells (DUCs) reported as completed:

• 34486, 1,244, XTO, Nelson Federal 21X-5BXC, Antelope-Sanish, t3/19; no production data,
• 34487, 857, XTO, Nelson Federal 21X-5FXG2, Antelope-Sanish, t5/19; no production data, 
• neighboring wells
• 28184, IA, off line since 10/18; t11/15; cum 248K 10/18;
• 28185, IA, off line since 10/18; t11/15; cum 254K 10/18; did have one day of production in 3/19;
• 28183, IA, off line since 10/18; t11/15; cum 317K 10/18; did have one day of production in 3/19;
• 28255, IA, off line since 9/18; t10/15; cum 276K 10/18; produced water three days in 3/19, but no oil production;
• 18435, IA, off line since 10/18; t3/11; cum 298K 10/18;
• 28256, IA, off line since 10/18; t10/15; cum 193K 10/18;
• 28257, IA, off line since 10/18; t10/15; cum 248K 10/18;
• 33938, 117, Petro Harvester Operating Company, PTL2 4-28 164-92 C, Madison formation, Portal, t4/19; cum 1K 20 days;
• 22747, 696, Enerplus, Arnica 149-93-21B-22H TF,  Mandaree, t4/19; no production data,
• 31988, 712, Petro-Hunt, Anderson 152-96-35D-26-1HS, Clear Creek, t5/19; no production data,

HGL: Hydrocarbon Gas Liquids

HGL.

Previously posted.

HGL, hydrocarbon gas liquids: link here.

From a supply-side perspective, HGL constitutes liquids produced at both natural gas processing plants (natural gas plant liquids, or NGPL) and refineries (liquefied refinery gases, or LRG). From a demand-side perspective, HGL is marketed as natural gas liquids (NGL) and refinery olefins. From a chemistry perspective, HGL includes the alkanes (paraffins) – ethane, propane, normal butane, isobutane, and natural gasoline (equivalent to pentanes plus and nearly chemically identical to plant condensates) – and the alkenes (olefins) – ethylene, propylene, butylene, and isobutylene. However, HGL does not include liquefied natural gas (LNG) or aromatics.

As defined above, HGL captures the complete set of gas liquids marketed by midstream and downstream companies. Production of HGL by natural gas processing plants, fractionators, refineries, condensate splitters, and other facilities can be surveyed and analyzed with consumption data to build a clearer HGL picture. Figure 1 provides a simplified view of supply, demand, and chemistry of HGL.

This taxonomy was developed to clarify which elements to include when retrieving data from EIA reports, to highlight refinery olefins, and to define more specifically NGL, LRG, and condensate terms used loosely in many publically-available reports.

For example, from a tweet:

The database shows approximately 3.2 million b/d of HGL pipeline capacity is also set to be added in just 2019. FYI - "HGL" is the EIA term for things like Propane, Ethane, Butane, etc.

From a reader:

Thanks for the HGL discussion. Has always sort of bugged me to understand it. I think field production is all alkanes (no double bonds) from natgas plants.

Refinery production of alkanes is very small in comparison to NGPL. However, you can have some. I was at a refinery that had net production of propane, on an island, which lacked natural gas. In any case, refinery alkanes are not included in "total liquids" production like the numbers of IEA or OPEC. (I think.) This is because, since they are from a refinery, were already part of the crude numbers. Don't want to double count.

Simple olefins (small molecules with double bonds, e.g. propylene as opposed to propane) are only produced in refineries. They are side products of some of the cracking and the like. They are not in natural gas at all So are not part of NGPL. Like refinery alkanes, they are part of supply but not of total liquids (since they were already counted when the crude was counted).

Interestingly, refineries actually consume more NGLs than they produce. In particular, isobutane is desirable because it can be alkylated into longer molecules within gasoline and good octane branched ones. Normal butane desirable for same reason, either combined into longer molecules or transformed into iso (better since it has a branch) and then that is used. Natural gasoline is an extremely light liquid, also called "plant condensate" (but different from lease condensate). It's about 70 API degree "oil" and is actually a liquid at room temp. It's either mixed into gasoline directly or just put through the distillation tower as part of a blended crude.

This link is a useful reference. Look at the first and third blue column and first grey column especially.

https://www.eia.gov/dnav/pet/PET_SUM_SND_D_NUS_MBBLPD_M_CUR.htm

I attached a version with annual numbers versus monthly ones because there are some strange monthly numbers (like "negative supply") that are seasonal. I think these are just physical contraction of stocks in winter, but I'm not sure 100%. But see this suggestive link for butane:

https://www.eia.gov/dnav/pet/PET_SUM_SND_D_NUS_MBBLPD_M_CUR.htm

Permian Pipeline Projects -- 3.5 Million BOPD To Be Added In 2019 -- May 29, 2019

The link for the graphic below is at this post.

From twitter today. This is simply amazing. New pipeline capacity for the Permian -- to put this in perspective, I believe the Keystone XL killed by President Obama would have brought 800,000 bopd from Canada to the US:

The projects:

• Gray Oak Pipeline -- Aneavor, Phillips 66 (note misspelling of "GRAY" in the tweet)
• Cactus II Pipeline -- Plains All American
• EPIC Crude Pipeline -- EPIC Pipeline
• Bayou Bridge Pipeline phase 2 -- Energy Transfer, Plains All American
• Matador Pipeline -- Anadarko, Magellan, Plains All American
• Seminole Red Pipeline conversion --Enterprise Products Partners
• Red Wolf Crude Connector -- Wolf Midstream
• Gray Wolf Crude Connector -- Wolf Midstream
• Seaway Pipeline expansion 2 -- Enbridge, Enterprise Products Partners
• Iron Horse Pipeline -- Tallgrass Energy, Silver Creek Midstream
• Midland-to-Sealy pipeline expansion --Enterprise Products Partners
• I believe RBN Energy has discussed many of these in detail.

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Breakfast At Tiffany's? Nope, At TutorTime

North Dakota Electric Consumption Could Almost Double By 2040 -- Study -- May 29, 2019

Okay, I exaggerated a bit, but I was including the new plastics plant -- LOL. The study said this:

The state's electric consumption will grow by as much as 71% over the next two decades thanks largely to expanding oil and gas activity. 

But if you round the 71% to 100% (to include the plastics plants, that 100% growth is the same as "doubling."

More:

The forecast estimated that electric consumption would increase by between 44% and 71% by 2038, reaching as high as 18,000 gigawatt-hours annually.

The forecast also predicted that the state will need between 670 and 1,000 megawatts of new generating capacity in the next 20 years to meet the growing demands. North Dakota currently has a baseload generating capacity of 4,390 megawatts, but that doesn't include a coal-fired powered plant that's scheduled to close in 2021.

A huge "thank you" to the reader show sent me this.

But think about that. If four small counties in North Dakota could increase North Dakota's total electric consumption by 71% imagine the growth in Texas and New Mexico (the Permian will be much bigger). And then imagine California and all the EVs. I don't think Occasional-Cortex "gets this at all." Speaking of someone that is truly unwoke.

Polling Democratic Presidential Primary -- May 29, 2019

Finally, a new set of polls released.

I used to say that these polls don't mean a thing. I'm wrong. These polls will correlate directly with campaign contributions, and they will determine who is on the debate stage. The trends are important.

So, the previous poll:

May 23, 2019, T+42: Buttigieg at 6.2; Beto at 3.7. Warren ever closer to 10% (9.8% today). Harris at 8.0%. Beto flailing; Buttigieg stalled. 

Today, just released:

• Biden down slightly at 34.8%
• Bernie down slightly at 16.4%
• Warren still can't get to 10%: 9.8%
• Harris slips slightly: 7.4%
• Buttigieg down ever so slightly: 6.0%
• Beto still flailing: 3.8%.
• Others cracking the 1% threshold, taking a bit from Biden/Bernie. I hope they all get on stage.

About a week ago, between the previous poll and the most recent poll, the surprising headline: "Buttigieg surges." The stories were everywhere but the stories had no polling numbers. I was surprised -- what would the polls show -- "Buttigieg surges." Well, now we know. I'm surprised that with all the media attention Buttigieg cannot out-poll Pocahontas.

My hunch is that political donations for Beto are plummeting. Buttigieg is still engaged with donors, but my hunch is most donors are now waiting for the first debate before deciding to whom to donate.

Screenshot today from google search "Buttigieg surges":

Wow, talk about "fake news" and from every news outlet.

Who's missing? Hillary. If convention is "deadlocked" after the first vote, Hillary walks on stage, gives the speech of her life, wins on the second vote. Her state organizations are only dormant. At least that's her fantasy.

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Notes to the Granddaughters

Three Starters

This is pretty funny.

This is a note for the family, nothing about the Bakken.

See background for this family soccer story at this post.

As noted, our middle granddaughter, Olivia, was invited to play as a "guest player" on another FC Dallas soccer team in an international soccer tournament in Denver, CO, this past Memorial Day weekend. Her coach, Phil, released her to play that tournament under coach Tyler of a sister team.

Olivia's team took first place in their division-bracket. The coach, Coach Tyler, was ecstatic; says he will remember this championship forever; it was the first time his team won the championship at Denver. Olivia scored almost all the points for her team during the 3-day tournament. In one game she scored three points during regulation play and one penalty point; final score in that game, 4 - 1, I believe. [Back story: when Coach Phil asked if she wanted to take the penalty kick, Olivia said, "no." She had never done a penalty kick before. The coach insisted: she would take the penalty kick. Olivia says she had never been so nervous in her life in front of all those people, worrying that she would be embarrassed.]

When Coach Tyler (and the team) returned to Texas, the first thing the winning coach did was call Olivia's own coach, Coach Phil, and asked what it would take for Coach Phil to let Olivia move to Coach Tyler's team.

Coach Phil said he would need three starters from Coach Tyler's team to replace Olivia before he would agree to the trade. LOL.

As for Olivia? She's happy to stay with her team and Coach Phil.

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The Library Page

The Quantum Story, Jim Baggott, The Oxford Press, c. 2011.
Mass, Jim Baggott, The Oxford Press, c. 2017

Making America Great -- A Huge Ethylene Pipeline To Be Built In Texas -- May 29, 2019

From twitter today:

I know I am very, very biased and looking at the world through oil-covered glasses, but it certainly seems Texas-Louisiana are doing things no one ever expected.

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On Rudeness

A conversation with Sophia, our 4-year-old granddaughter, last evening (she will be five years old in another month). Sophia was talking to her grandmother who recorded the conversation in this text message:

US Oil Inventories To Tighten -- SeekingAlpha Contributor -- May 29, 2019

Updates

Later, 2:23 p.m. CT: see comments as well as this stand-alone post regarding HGLs.

Original Post 

I suppose we will see the US crude oil inventory numbers a day later than usual due to the Monday holiday. If so, the API data will come out today; the EIA data tomorrow, Thursday, May 30, 2019.

From SeekingAlpha, earlier this week, predicting EIA numbers this week, this is from HFI Research:

• The tale of two oil markets is starting to get more attention from the sell-side community with two excellent reports from Raymond James and RBC (in the report).
• Everything points to lower US crude storage, as Brent-WTI Houston shot up indicating higher crude exports and 3-2-1 crack spread indicating higher refinery throughput.
• There was no SPR this week, so our estimate would be -3.4 to -5.4 mbbls for this week's EIA crude storage report.
• Global oil-on-water is also trending lower, while floating storage is at the lowest level excluding Iran (30 mbbls) and Venezuela (15 mbbls).
• We are projecting US crude storage to drop below 380 mbbls by year-end.

[Side note: note the abbreviation for "million." This is quite non-standard. Generally, volumes in this context are abbreviated "mm" for "thousand-thousand" or million.]

So, again, the contributor suggests a draw of around 5 million bbls when EIA reports later this week. But look at this: the contributor suggests that by the end of the year, US crude oil inventories will drop to below 380 million bbls. If so, that would be amazing.

A new term for me: "oil-on-water" -- oil in transit.

A new term for me: the "3-2-1 crack spread": The 3:2:1 crack spread approximates the product yield at a typical U.S. refinery: for every three barrels of crude oil the refinery processes, it makes two barrels of gasoline and one barrel of distillate fuel.

An old concept: floating storage.

Note: as long as we're looking at new terms, here's an acronym I had not seen before. Again, on twitter today, and it appears most folks have not heard of it; I had not: HGL, hydrocarbon gas liquids: link here.

From a supply-side perspective, HGL constitutes liquids produced at both natural gas processing plants (natural gas plant liquids, or NGPL) and refineries (liquefied refinery gases, or LRG). From a demand-side perspective, HGL is marketed as natural gas liquids (NGL) and refinery olefins. From a chemistry perspective, HGL includes the alkanes (paraffins) – ethane, propane, normal butane, isobutane, and natural gasoline (equivalent to pentanes plus and nearly chemically identical to plant condensates) – and the alkenes (olefins) – ethylene, propylene, butylene, and isobutylene. However, HGL does not include liquefied natural gas (LNG) or aromatics.

As defined above, HGL captures the complete set of gas liquids marketed by midstream and downstream companies. Production of HGL by natural gas processing plants, fractionators, refineries, condensate splitters, and other facilities can be surveyed and analyzed with consumption data to build a clearer HGL picture. Figure 1 provides a simplified view of supply, demand, and chemistry of HGL.

This taxonomy was developed to clarify which elements to include when retrieving data from EIA reports, to highlight refinery olefins, and to define more specifically NGL, LRG, and condensate terms used loosely in many publically-available reports.

For example, from a tweet:

The database shows approximately 3.2 million b/d of HGL pipeline capacity is also set to be added in just 2019. FYI - "HGL" is the EIA term for things like Propane, Ethane, Butane, etc.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.

The Obama Legacy: A Shortage Of Oil; An Inconvenient Truth -- May 29, 2019

From Bloomberg vis Rigzone (let's see if the killing of the Keystone XL is mentioned in this article). Data points:

• a global shortage of heavy crude oil will create hurdles for America's key refining belts just as they ramp up gasoline production for summer driving
• Gulf Coast: dwindling heavy oil supplies have suppressed refining margins
• Midwest refiners: many not reach the high run rates seen last summer
• Gulf Coast: process requiring heavy oil already at lowest levels in a decade
• Ah, yes, here it is: blame it on Trump's sanctions on Iran and on Venezuela
• but nowhere is the Keystone XL mentioned 
• the oilmen knew what they were doing
• Canada has more than enough heavy oil to make up for any loss from Venezuela, Iran, and, Mexico

What a doofus:

Big Drop In WTI -- Now Below $58; RBN Energy Looks At The New Washington State Law Aimed At The Bakken -- May 29, 2019

Louisiana LNG: $1.3 billion project. Data link here:

• Calcasleu Pass LNG export facility
• Cameron Parish, LA
• 10-million tonne per annum 
• will use mid-scale, modularly, factory-fabricated liquefaction trains from Baker Huges, a GE company
• Stonepeak Infrastructure Partners will exclusively provide $1.3 billion equity investment in Venture Global LNG's venture
• total committed capital to fund construction now totals $2.2 billion
• more than $250 million has already been spent on preparation work

But there's more:

• Venture Global also anticipated FERC approval for its 20-mtpa Plaquemines LNG project along the Mississippi River near New Orleans

And, there's more:

• Venture Global has also proposed developing a second 20-mtpa facility, Delta LNG, nearby

The list: the list of potential US LNG export facilities is here.

Snarky: when I first posted that list, I vividly recall a reader writing me that just because something is proposed, doesn't mean it's going to happen. Whatever.  I'm now thinking that was an anonymous note from President Obama.

 

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Back to the Bakken

Wells coming off the confidential list after the long weekend and today -- Wednesday, May 29, 2019: 94 for the month; 188 for the quarter --

• 35378, SI/NC, Newfield, Skipjack 149-98-11-2-4H, Pembroke, no production data,
• 35096, 795, Liberty Resources Management Company, LLC, Stanley W 158-91-30-6-1MBHX, Kittleson Slough, t12/18; cum 67K 3/19;
• 34907, SI/NC, Hess, SC-JCB-LE-154-98-1720H-1, Truax, no production data,
• 34803, 1,299, Nine Point Energy, Erickson 155-102-26-25-6H, 60 stages, 10 million lbs, Squires, t12/18; cum 108K 3/19;
• 30485, 500, BR, Jerome 14-10MBH, North Fork, t4/19; no production data,

Tuesday, May 28, 2019: 89 for the month; 183 for the quarter --

• 35738, SI/NC, Newfield, Skipjack 149-98-11-2-12H, Pembroke, no production data,
• 35457, SI/NC, WPX, Minot Grady 26-35HWL, Squaw Creek, no production data,
• 34043, 484, Lime Rock Resources III-A, L.P., Harstad 44-9-2H, Stanley, t11/18; cum 38K 3/19;
• 30486, 178, BR, Merton 14-10MBH, North Fork, t4/19; no production data,

Monday, May 27, 2019:

• 35296, SI/NC, WPX, Minot Grady 2635HZ, Squaw Creek, no production data,
• 30487, 77, BR, Merton 14-10TFH ULW, North Fork, t3/19; no production data,

• the Merton wells are tracked here; 

Sunday, May 26, 2019:

• 35361, SI/NC, Hunt, Halliday 146-92-19-18H-6, Werner, no production data,

Saturday, May 25, 2019:

• 35298, SI/NC, WPX, Minot Grady 26-35HD, Squaw Creek, no production data,
• 35297, SI/NC, WPX, Minot Grady 26-35HZ, Squaw Creek, no production data,
• 34906, SI/NC, Hess, SC-JCB-154-98-1720H-9, Truax, no production data,

Active rigs:

$57.22	5/29/2019	05/29/2018	05/29/2017	05/29/2016	05/29/2015
Active Rigs	64	65	50	29	80

RBN Energy: will a new Washington State law hurt Bakken crude oil producers? Archived.

Refineries in Washington state have been reliable buyers of Bakken-sourced crude oil during the Shale Era, receiving an average of about 145 Mb/d — all of it by rail — over the past two-plus years. But a newly approved Washington law slashing the allowable vapor pressure limit for crude being unloaded from rail tank cars could hinder future growth in crude-by-rail shipments from North Dakota to the Evergreen State, or force Bakken producers to remove more butane and other “light ends” from the crude oil they rail west. It’s such a big deal that the state of North Dakota has indicated it will file suit to kill the new law. Today, we discuss Washington’s new law and its potential effects on Bakken crude oil producers.