OPEC basket: $17.00 -- at oilprice.com -- I can't find anything on this; not reflected at "official" OPEC website, where it still shows $23.25/bbl; this has to be in error, but it's unusual to see errors of this magnitude at oilprice.com; note Brent jumped almost 7%; here's the screenshot:
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Back to the Bakken
Active rigs:
| $27.50 | 5/14/2020 | 05/14/2019 | 05/14/2018 | 05/14/2017 | 05/14/2016 |
|---|---|---|---|---|---|
| Active Rigs | 15 | 65 | 60 | 51 | 27 |
Three new permits, #37576 - #37578, inclusive:
- Operator: BR
- Field: Little Knife (Dunn County)
- Comments:
- BR has permits for a 3-well Keene pad inSESW 35-147-97, Little Knife oil field
- Crescent Point Energy: a CPEUSC Dorothy permit, Williams County
- 36550, drl/A, WPX, Blue Racer 14-11HUL, Mandaree, no production data,
- 36506, drl/A, WPX, Blue Racer 14-11GH, Squaw Creek, t--; cum 35K over 26 days extrapolates to 40K over 30 days;
- 26804, SI/A, XTO, Cole Federal 44X-32H, Siverston, t--; cum --;
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The Cole Federal Wells (and Lucy Wells Sited In Same Section)
The wells:
35603, SI/NC, XTO, Cole 44X-32DXA, Siverston, t--; cum --;
26804, SI/A, XTO, Cole 44X-32H, Siverston, t--; cum --;
35602, SI/IA, XTO, Cole 44X-32D, Siverston, t--; cum --;
26802, SI/NC, XTO, Cole 44X-32G, Siverston, t--; cum --;
26803, SI/NC, XTO, Cole 44X-32C, Siverston, t--; cum 98K over two months, see below;
35601, SI/NC, XTO, Cole 44X-32F, Siverston, t--; cum 50K; a 39K month;
26945, 1,978, XTO, Lucy 14X-32A, Siverston, t5/14; cum 245K 9/19; remains off line 3/20;
26946, 1,806, XTO, Lucy 14X-32F, Siverston, t5/14; cum 196K 8/19; remains off line 3/20;
26947, 1,980, XTO, Lucy 14X-32B, Siverston, t6/14; cum 221K 8/19; remains off line 3/20;
26803:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 3-2020 | 31 | 41847 | 41234 | 40185 | 88336 | 0 | 88001 |
| BAKKEN | 2-2020 | 27 | 55183 | 54334 | 49841 | 88634 | 0 | 88501 |
| BAKKEN | 1-2020 | 0 | 0 | 294 | 0 | 0 | 0 | 0 |
| BAKKEN | 12-2019 | 3 | 549 | 255 | 3708 | 1383 | 0 | 1383 |
oilprice.com has a lot of wonky glitches causing fictitious moves like that. I wouldn't remark on anything you get only for there. Look for some separate news articles. And those from something respectable like Reuters. No, Seeking Alpha does not count. If you don't see it, just ignore oilprice.com
ReplyDeleteThank you. That's what I thought. I do believe I saw it once before over at oilprice.com -- something so unusual it had to have been an error. Interestingly enough, the "error" carries through to other pages at oilprice.com also, which means the various data points are linked with each other throughout the site.
DeleteWe'll know first thing tomorrow morning when it's corrected.