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

Active rigs:

$40.29	9/17/2020	09/17/2019	09/17/2018	09/17/2017	09/17/2016
Active Rigs	11	62	66	56	32

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;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2020	31	18145	18105	20867	69412	64621	4731
BAKKEN	6-2020	30	15152	15107	19617	41970	41341	581
BAKKEN	5-2020	31	25378	25400	26828	56971	54998	1923
BAKKEN	4-2020	30	38483	38514	37755	79863	55404	24413
BAKKEN	3-2020	15	17888	17677	21239	34679	27591	7067
BAKKEN	2-2020	1	0	0	9419	766	0	761

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;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2020	11	4170	4277	6537	10273	9355	918
BAKKEN	6-2020	24	13079	13094	18189	28094	27930	164
BAKKEN	5-2020	30	15578	15564	22736	32460	31658	802
BAKKEN	4-2020	30	19061	19022	44341	36736	36280	456
BAKKEN	3-2020	15	19194	19068	23416	26711	20303	6408

 

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.