Pages

Monday, November 2, 2020

WTI Tests $36; OPEC In Deep Doo-Doo; Hess Reports A Nice Well -- November 2, 2020

OPEC basket, link here: trading at $37.12 today. 

*****************************
Back to the Bakken

Active rigs:

$36.13
11/2/202011/02/201911/02/201811/02/201711/02/2016
Active Rigs1457685535

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,
Saturday, October 31, 2020: 24 for the month; 24 for the quarter, 689 for the year
  • None. Spooky, huh?
Friday, October 30, 2020: 24 for the month; 24 for the quarter, 689 for the year
  • 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;
    PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
    BAKKEN9-202024240812401911282000
    BAKKEN8-20203119221191821069620851208510
    BAKKEN7-20203116728167521075417965179650
    BAKKEN6-20203022875229244073229862298620
    BAKKEN5-20203131843316756864841519415190
    BAKKEN4-2020110309891424419841980

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.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.