OPEC basket, link here: trading at $37.12 today.
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Back to the Bakken
Active rigs:
$36.13 | 11/2/2020 | 11/02/2019 | 11/02/2018 | 11/02/2017 | 11/02/2016 |
---|---|---|---|---|---|
Active Rigs | 14 | 57 | 68 | 55 | 35 |
Wells coming off the confidential list --
Monday, November 2, 2020: 1 for the month; 25 for the quarter, 690 for the year
- None.
Sunday, November 1, 2020: 1 for the month; 25 for the quarter, 690 for the year
- 35808, loc/NC, Petro-Hunt, Hagen 144-98-12D-1-3H, Little Knife, no production data,
- None. Spooky, huh?
- 36796, drl/A, 3,053, Hess, EN-Ruland-LE-156-94-3328H-1, Alkali Creek, big well; 33 stages; 9.6 million lbs proppant; 7.4 million gallons of water; EN-Ruland wells are tracked here;
Pool Date Days BBLS Oil Runs BBLS Water MCF Prod MCF Sold Vent/Flare BAKKEN 9-2020 24 24081 24019 11282 0 0 0 BAKKEN 8-2020 31 19221 19182 10696 20851 20851 0 BAKKEN 7-2020 31 16728 16752 10754 17965 17965 0 BAKKEN 6-2020 30 22875 22924 40732 29862 29862 0 BAKKEN 5-2020 31 31843 31675 68648 41519 41519 0 BAKKEN 4-2020 1 1030 989 1424 4198 4198 0
RBN Energy: the wacky world of condensates -- what are they, and what's ahead for them? Archived.
Condensates are quirky as heck — everyone’s got his or her own definition of what they are, for one thing — and their very quirkiness has sent condensates on a wild ride during the Shale Era.
For example, the U.S. government for years categorized “conde” as a very light crude oil, and the long-standing ban on most crude exports meant you couldn’t export the stuff to anywhere but Canada. Unless, that is, you ran conde through a splitter to make NGLs, naphthas, and kerosene — those are petroleum products and they could (and still can) be exported, no questions asked. Then, as condensate production started soaring, especially in the Eagle Ford, the feds said that if you “processed” conde in special equipment to make it less volatile you could export it — no splitting required. That made the folks who invested in splitters shout in unison, “Huh?!” The roller-coaster for conde didn’t end there.
The U.S. soon lifted the ban on all crude exports, and suddenly you didn’t need to process condensate at all to export it. More upheaval ensued. Today, we discuss this peculiar grouping of hydrocarbons.
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