Eight Wells Coming Off Confidential List -- Hess, Petro-Hunt, Oasis -- January 11, 2021

Tonight on PBS: CodebreakerTrailer here. You may have to get rid of an ad and click a couple of times to get to the trailer.

High impact wells to follow in 2021: great overview.  

Free market capitalism: Vietnam is buying Indian rice for first time ever. Yawn. Except this:

Vietnam is the world's third biggest exporter of rice -- and now it's importing rice from rival India for the first time in decades after local prices (in Vietnam) jumped to their highest in nine years amid limited domestic supplies. 

What was that old saying? "Carrying coal to Newcastle?"

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Back to the Bakken

Active rigs:

• It appears DMR is "down" this morning.
• WTI: $51.89 -- down 35 cents overnight so that means it was over $52 at some point.
  

Eight wells coming off the confidential list -- for initial production data for these wells, see this post:

Monday, January 11, 2021: 16 for the month, 16 for the quarter, 16 for the year.

• 36548, conf, Oasis, Thelen 5297 11-6 4B, Banks, nice well;
  
• 36547, conf, Oasis, Thelen 5297 11-6 3TX, Banks, nice well;
  

Sunday, January 10, 2021: 14 for the month, 14 for the quarter, 14 for the year.

• 37461, conf, Petro-Hunt, USA 153-95-13C-12-3H, Phelps Bay,
  

Saturday, January 9, 2021: 13 for the month, 13 for the quarter, 13 for the year.

• 37460, conf, Petro-Hunt, USA 153-95-13C-12-4H, Phelps Bay,
  
• 37459, conf, Petro-Hunt, USA 153-95-13D-12-5H, Phelps Bay,
  
• 36709, conf, Hess, BL-Amelia-156-95-1514H-11, Beaver Lodge, nice well;
  
• 36708, conf, Hess, BL, Amelia-156-95-1514H-10, Beaver Lodge; nice well;
  
• 36380, conf, Hess, EN-Person-156-94-1102H-6, Big Butte; big well;
  

Charlson oil field and Petro-Hunt: see this post.

RBN Energy: 2020's upheavals bring midstreamers' challenges to the fore.

Much the way that COVID-19 accelerated the trends toward working from anywhere, shopping online, and exercising at home, the pandemic and its far-reaching energy-market effects fast-forwarded the challenges that many North American midstream companies had been expecting to face more gradually through the 2020s. The good news — if you can call it that — is that a lot of economic pain was front-loaded into the past 10 months. The bad news is that a sizable subset of midstreamers is saddled with too much capacity in shale basins where drilling activity and production are down sharply. For them, there’s still more pain ahead, even bankruptcy in a few cases. In today’s blog, we discuss highlights from the newly released 2021 edition of East Daley Capital’s Dirty Little Secrets report about what’s ahead for the midstream sector and 27 leading companies within it.

2020 threw a gut punch to the midstream sector in the U.S. and Canada and forced a gut check at many midstream companies that saw their plans and expectations for the first half of the 2020s torn asunder. A year ago, before the coronavirus gained a foothold in North America, there was a general consensus among midstream executives that (1) the boom years for energy infrastructure development were beginning to wind down; (2) the midstream sector was entering an era of top-to-bottom reevaluation and rationalization; and (3) capacity was being overbuilt in some areas, most notably crude pipelines out of the Permian. All that remained true as COVID-19 took root and spread in March, April, and beyond, but all kinds of new, troublesome issues arose, many of them related to the fact that less crude oil and refined products were being produced and transported by pipeline.