From Yesterday, And Today -- November 6, 2020

Road trip. 

Abbreviated updates.

Active rigs: up two --

$37.80	11/6/2020	11/06/2019	11/06/2018	11/06/2017	11/06/2016
Active Rigs	15	53	66	52	27

Operators with active rigs:

• MRO: 3
• CLR: 2
• WPX: 2
• BR:2
• Petro-Hunt: 1
• Hess: 1
• Oasis: 1
• Slawson: 1 (new)
• Midwest AgEnergy Group (unchanged): 1
• Hess Water: 1 (new)

One well coming off the confidential list --

Friday, November 6, 2020: 3 for the month; 27 for the quarter, 692 for the year

• 36536, conf, Hess, EN-Sorenson_B-155-94-3526H-8, 

Two new permits from yesterday, $37959 - #37960, inclusive:

• Operator: Petroshale
• Field: Eagle Nest (Dunn)
• Comments:
• Petroshale has permits for two Helen wells in Eagle Nest, NWNW 9-148-94; between 663' and 695' FNL and between 603' and 640' FWL
• there are currently two producing wells on the pad where the two new wells will be located:
• 35919, 1,534, Petroshale, Helen 1MBH, Eagle Nest, t9/19; cum 108K 8/20; F, off line 8/20; remains off line 9/20; short lateral, runs north in section 5-148-94;
  
• 35758, 738, Petroshale, Helen 2TFH, Eagle Nest, t9/19; cum 77K 8/20; F; short lateral, runs north in section 5-148-94;

Two producing wells (DUCs) reported as completed:

• 36202, SI/A, CLR, Polk Federal 5-33H, Banks, minimal production reported;
• 36204, SI/A, CLR, Polk Federal 7-33H, Banks, minimal production reported;
• there are several Polk Federal wells, in Banks oil field, about twenty miles east of Indian Hill as the crow flies; south of the river; the wells are long laterals (typical Bakken wells), running north, under the river.
  

RBN Energy: how Alberta's oil production cap became redundant in crazy times. Archived.

On December 1, the government of Alberta will officially end its nearly two-year-old policy of curtailing crude oil production to help shrink the massive price discounts that producers had been enduring. It would hardly be an overstatement to say that North American oil markets have changed dramatically since the production cap was implemented by Canada’s largest oil-producing province in January 2019. A short-but-bruising oil price war and a pandemic that slashed demand for crude resulted in Alberta producers making supply cuts even bigger than their government had mandated. Today, we look back at the provincial government’s policy and what has changed to motivate its suspension.