Thursday, September 17, 2020

Five Wells Coming Off The Confidential List -- September 17, 2020

Active rigs:

$40.29
9/17/202009/17/201909/17/201809/17/201709/17/2016
Active Rigs1162665632

Five wells coming off the confidential list --Thursday, September 17, 2020: 127 for the month; 198 for the quarter, 644 for the year

  • 37348, drl/drl, WPX, Fast Dog 7-6HX, Eagle Nest,
  • 37347, drl/drl, WPX, Fast Dog 7-6HA, Eagle Nest,
  • 37346, drl/drl, WPX, Fast Dog 7-6HWL, Eagle Nest,
  • 36116, drl/NC, Hess, GO-Dahl-156-97-2215H-5, Dollar Joe, producing, see below; t--; cum 72K 7/20;
  • 35286, SI/A, Whiting, Berg Trust Federal 31-27-4H, Pembroke, producing, see below, t--; cum 115K 7/20;

35286: API: 33-053-08682; spud, August 5 - 6, 2019; cease drilling, August 13, 2019; logging services began on August 9, 2014; four days; lateral drilling began, 2010 hours, August 11, 2019; cease drilling at 2140 hours, August 13, 2019, almost 49 hours to drill the lateral; FracFocus: fracked 2/3/2020 - 2/15/2020; 5.5 million gallons of water (relatively small frack); water 87% by mass;

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-20203118145181052086769412646214731
BAKKEN6-2020301515215107196174197041341581
BAKKEN5-20203125378254002682856971549981923
BAKKEN4-202030384833851437755798635540424413
BAKKEN3-20201517888176772123934679275917067
BAKKEN2-202010094197660761

36116, logging services began December 25, 2019; TD on December 31, 2019; six days; API: 33-105-05118: fracked 2/11/19 - 2/18/19; seven days; 6.3 million gallons of water; moderate size frack; 84.3% water by mass;

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN7-202011417042776537102739355918
BAKKEN6-2020241307913094181892809427930164
BAKKEN5-2020301557815564227363246031658802
BAKKEN4-2020301906119022443413673636280456
BAKKEN3-20201519194190682341626711203036408

 

RBN Energy: a south Texas NGL alternative hub to Mont Belvieu?

The South Texas NGL market has always been a world of its own, a self-contained liquids ecosystem running from Brownsville to Markham, a distant 200 miles from the NGL epicenter at Mont Belvieu. In recent years, however, the South Texas market has been undergoing radical change, first with the emergence of the Eagle Ford basin, then with the onslaught of Permian production and, most recently, with the aptly named EPIC NGL Pipeline and new fractionation capacity in greater Corpus Christi. More supply and demand are on the way, with new pipes, exports, and the largest ethane-only petrochemical plant in the world under construction. 
And with these developments, a strategy by several large, well-financed players has emerged – to develop an NGL storage and fractionation hub competitive with Month Belvieu. Today, we begin a series to examine the South Texas NGL market and how changes there will impact flows, utilization, and pricing across North America and beyond.

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