Private Payroll Growth Surges! -- January 8, 2020

Jobs! Wow! private payroll growth surges -- CNBC --  

• Bernie: resist!
• Buttigieg: change course!
• Biden: WTF just happened?
• Hillary: re-calculating, re-calculating, re-calculating

Strait of Hormuz:

• remains open
• Petrobras, Bahri, "other" tanker companies suspend sailing through the strait
• Bahri? "Saudi tanker giant"
• Bahri? "that's all of Saudi's VLCCs?"

WTI: I had to check several sources to confirm price of WTI.

• Wow! We go to war in the Mideast and WTI drops in price overnight?

"Best" article on recent events in the Mideast? Some think so:

• Iran and America are suddenly both naked.

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Back to the Bakken

Active rigs:

$61.95	1/8/2020	01/08/2019	01/08/2018	01/08/2017	01/08/2016
Active Rigs	56	63	54	39	58

Only one well coming off the confidential list today:

Wednesday, January 8, 2019:

• 33185, conf, BR, Franklin 34-36TFH, 

Tuesday, January 7, 2019:

• 34364, 325, Petro Harvester, FLX4 17-18 163-90 H, a Madison well, Flaxton, t11/19; cum 10K 11/19;
• 33186, SI/NC, BR, Franklin 34-36MBH, Little Knife, no production data,

RBN Energy: as the infrastructure build-out wants, what's ahead for midstreamers?

For much of the 2010s, the U.S. midstream sector has been on a development spree. New or expanded everything — pipelines, gas processing plants, fractionators, storage facilities, liquefaction trains, export terminals and more — all to keep pace with the production gains of the Shale Era. But now, at the start of the 2020s, the build-out frenzy appears to be fizzling and flickering. Midstreamers’ capital spending plans are on the decline, at least for now, as most of the infrastructure needed to handle current and expected volumes for the next few years is either in place or under construction. But that doesn’t mean things won’t stay interesting — far from it. This new decade brings with it a period of midstream-sector strategizing and portfolio rejiggering. Today, we discuss highlights from East Daley Capital’s newly released “Dirty Little Secrets” report about the next phase of midstream strategy.

What a wild decade we all just finished. In what now seems like an instant, the U.S.’s energy supply outlook flipped from dire to darn good, and its role in international hydrocarbon markets switched from net importer to net exporter — and a pretty significant exporter at that. Just a few days ago a new decade began, and now is the perfect time to consider what’s ahead for the midstream sector. It’s not just the calendar that’s changing — the entire sector is nearing the end of an unprecedented period of expansion, and entering an epoch of top-to-bottom reevaluation, reimagining and realigning.

The file report on #34364:

• directional, not horizontal
• 12 stimulation stages (hydraulic fracture); 1.2 million lbs proppant
• TD: 12,887'
• target: lower Midale porosity 
• Burke County
• 3.3 miles northeast of Flaxton, ND, in the central portion of the Williston Basin
• drilling operations began, spud date: July 20, 2019
• curve portion kicked off in the Triassic Spearfish formation
• TD: July 30, 2019
• penetration rates: 120 to 425' / hour
• connection gas units: 400 to 2500 units
• shows: 500 to 4,200 units
• "samples and gas values ... suggest that significant economic reserves remain in situ and continues developmental drilling seems warranted."