Pages

Friday, December 18, 2020

Three Wells Come Off The Confidential List Today; WPX Will Report A Huge Topaz Well -- December 18, 2020

Active rigs:

$48.30
12/18/202012/18/201912/18/201812/18/201712/18/2016
Active Rigs1453695140

Three wells come off the confidential list today --  Friday, December 18, 2020:

  • 37318, loc/A, WPX, Topaz 24-13HT, Mandaree, t--; cum 25K over ten days;
  • 37212, drl/A,  Hess, TI-Nelson-157-94-3031H-5, Tioga, t--; cum 94K 10/20;
  • 31003, loc/NC, BR, Cleetwood 31-27TFH-A, Elidah, no production data,

RBN Energy: can a low-cost offshore crude export terminal hook shippers?  Archived.

U.S. crude oil exports are off from the record highs they reached earlier this year, leaving the Gulf Coast even more flush with surplus export capacity than it had been going into 2020. And yet … Energy Transfer is developing an crude export terminal off the coast of Beaumont, TX, that would be capable of fully loading a 2-MMbbl VLCC every day or so. 
Is the company’s Blue Marlin project based simply on a hunch that U.S. oil production and exports will rebound over time and eventually leave PADD 3 short of dock and ship-loading capacity? Or is Energy Transfer’s proposed offshore terminal, with its extensive re-use of existing infrastructure, a cost-efficient way of giving oil-sands, Bakken and other producers more direct access to deep water and the supertankers that long-distance shippers prefer? Today, we discuss what may be behind the seemingly long-shot effort to develop new export capacity in a region that’s already got way too much.

A closer look at that WPX Topax well reporting today:

  • 37318, loc/A, WPX, Topaz 24-13HT, Mandaree, t--; cum 25K over ten days; fracked 9/19/20 - 9/25/20; a small frack at 5.2 million gallons of water; 83% water by mass; 25,102 bbls over 10 days extrapolates to 75,306 bbls over 30 days; the Topaz wells are tracked here.

No comments:

Post a Comment

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