Friday, January 15, 2021

One Well Coming Off Confidential List; Director's Cut To Be Released Today -- January 15, 2021

Director's Cut: scheduled to be released later today, link here.

COP closes on Concho

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

Active rigs:

$52.80
1/15/202101/15/202001/15/201901/15/201801/15/2017
Active Rigs1152685536

 

RigOperatorWell Name and NumberCurrent LocationCountyFile NoAPIStart Date** Next Location
H & P 515PETRO-HUNT, L.L.C.HAGEN 144-98-12D-1- 2HNENW 13-144N-98WBIL35807330070191400001/12/2021Undetermined
H & P 454CONTINENTAL RESOURCES, INC.Gale 5-32HNENW 32-147N-96WDUN37373330250399200001/6/2021Undetermined
CYCLONE 38CONTINENTAL RESOURCES, INC.Gale 11-32HNWNE 32-147N-96WDUN37402330250401100001/10/2021Undetermined
NABORS B27WPX ENERGY WILLISTON, LLCDakota 1-36HYSWSE 1-149N-93WDUN37832330250408300001/7/2021Undetermined
NABORS B6BURLINGTON RESOURCES OIL & GAS COMPANY LPF JORGENSON 1D MBHSESW 11-151N-97WMCK37480330530937200001/9/2021Undetermined
NABORS x10MARATHON OIL COMPANYBlack USA 11-35HSWNE 34-152N-94WMCK37610330530943900001/8/2021Bullseye
UNIT 414SLAWSON EXPLORATION COMPANY, INC.STALLION 7-1-12HLOT3 1-151N-93WMTL36123330610442000001/13/2021Undetermined
H & P 492MARATHON OIL COMPANYEtherington USA 34-31TFHSWSE 31-151N-93WMTL37675330610476500001/8/2021Undetermined
H & P 259MARATHON OIL COMPANYWatterberg USA 41-5TFHLOT4 4-150N-93WMTL37787330610479800001/5/2021Undetermined
NABORS X28HESS BAKKEN INVESTMENTS II, LLCBL-A IVERSON- 155-96-1312H-8NWNE 24-155N-96WWIL367703310505278000012/26/2020Undetermined
NABORS B13OASIS PETROLEUM NORTH AMERICA LLCCliff Federal 5300 43-35 5BSWSE 35-153N-100WWIL37266331050539600001/6/2021Undetermined

Only one well coming off confidential list -- Friday, January 15, 2021: 19 for the month, 19 for the quarter, 19 for the year.

  • 36379, drl/A, Hess, EN-Enger-156-94-1423H-4, 33-061-04468, Big Butte, first production, 7/20; t--; cum 122K 11/20; fracked 5/23/20 - 5/29/20 -- a 6-day frack;

RBN Energy: Shell's new ethane-consuming steam cracker in the home stretch. See this post also. Archived.

After several years of development, Shell’s $6 billion Pennsylvania Petrochemicals Complex — the first of its kind in the Marcellus/Utica shale play — is really taking shape about 30 miles northwest of Pittsburgh. The facility, which will consist of a 3.3-billion-lb/year ethylene plant and three polyethylene units, is in its final stages of construction, as is a pipeline that will supply regionally sourced ethane to the steam cracker. When the Falcon Pipeline and the PPC comes online, possibly as soon as 2022, they will provide a new and important outlet for the vast amounts of ethane that is now either “rejected” into natural gas for its Btu value or piped to Canada, the Gulf Coast, or the Marcus Hook export terminal near Philadelphia. Today, we discuss progress on the Marcellus/Utica’s first world-class petrochemical complex and what it will mean for the play’s NGL market.

2 comments:

  1. Good Morning. It's all about transportation costs. Shell is in the middle of the wet NG area with lots of ethane production that has to be shipped to Canada, gulf coast or east coast. A lot cheaper and safer to ship ethane in the form of plastic pellets as comparted to ethane gas. Example of a large plastic user is Proctor and Gamble operates in this area of USA.

    Going back to my comment yesterday about ethane power plant in ND, very little cost to move ethane to a nearby power plant. Even with exports to Canada, I would guess that there is excess production of ethane. Price of ethane per Mbtu is about same as methane, likely lower near Bakken area due to limited pipeline take away. Outside of oil fields, no one want a new pipeline in their backyard.

    ReplyDelete