WTI Continues To Surge; Fifteen Active Rigs; Hess Reports A Nice Well -- February 24, 2021

Dak: the only sports "news' that takes Dak off the top of the show -- a Tiger Woods injury. Tiger Woods:

• great golfer: yup
• NASCAR driver: not so much
• excuses pouring in: most likely, it was the road's fault 
  
• no charges expected; a "crash" is not a crime according to experts -- having said that, excess speed is; the speed limit on that stretch of road is 45 mph; 
• a reporter drove that stretch at 60 mph and had no problems
• I've driven that road scores of times; have never seen an accident on that stretch; and a very, very safe road despite what apologists are now reporting;
  
• it will be interesting if anyone has the courage to estimate the speed he must have been going; no skid marks; crossed the median; crossed two lanes of traffic in the other direction; and landed 20 yards+ in the brush; that was not a trivial roll-over;
  

EIA's weekly petroleum report: pending.

Linear A; deciphered. 

XOM: sells North Sea package that has languished on the market. $1 billion+. 

CBR: the rush begins. 

TSLA:

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

Active rigs:

$63.73	2/24/2021	02/24/2020	02/24/2019	02/24/2018	02/24/2017
Active Rigs	15	49	66	57	41

The rigs: sixteen are shown below, but one rig (H&P 515) is shown twice.

Rig	Operator	Well Name and Number	Current Location	County	File No	API	Start Date	** Next Location
H & P 515	PETRO-HUNT, L.L.C.	HURINENKO 144-98-11C-2- 2H	NENW 14-144N-98W	BIL	36078	33007019180000	2/21/2021	Undetermined
H & P 454	CONTINENTAL RESOURCES, INC.	Rodney 8-29H1	NENW 32-147N-96W	DUN	37379	33025039980000	2/11/2021	Undetermined
CYCLONE 38	CONTINENTAL RESOURCES, INC.	Rodney 11-29H1	NWNE 32-147N-96W	DUN	37396	33025040050000	2/18/2021	Undetermined
NABORS B27	WPX ENERGY WILLISTON, LLC	Charles Blackhawk 31-30HY	SESW 31-148N-92W	DUN	37843	33025040860000	2/18/2021	Undetermined
H & P 516	Ovintiv Production Inc.	KESTREL 154-96-33-28-2H	SESE 32-154N-96W	MCK	34332	33053083220000	1/30/2021	Undetermined
NABORS B6	BURLINGTON RESOURCES OIL & GAS COMPANY LP	F JORGENSON 1A TFH	SESW 11-151N-97W	MCK	37483	33053093750000	2/21/2021	Undetermined
AES 4	CONTINENTAL RESOURCES, INC.	Harms Federal 18-33H	SESW 32-153N-93W	MCK	37988	33053096100000	2/22/2021	Undetermined
NABORS X28	HESS BAKKEN INVESTMENTS II, LLC	EN-RICE- A-155-94-0310H-3	LOT3 3-155N-94W	MTL	37333	33061046640000	1/25/2021	Undetermined
PATTERSON 808	WHITING OIL AND GAS CORPORATION	Littlefield 41-2H	LOT1 2-152N-92W	MTL	37601	33061047450000	2/13/2021	Undetermined
H & P 259	MARATHON OIL COMPANY	Little Owl USA 31-6TFH	LOT1 6-150N-93W	MTL	37772	33061047890000	2/7/2021	Undetermined
NABORS X10	MARATHON OIL COMPANY	Lindley USA 41-4H	LOT1 4-150N-93W	MTL	37791	33061048000000	2/15/2021	Undetermined
H & P 492	MARATHON OIL COMPANY	Brusseau USA 11-3TFH	LOT4 3-150N-93W	MTL	37801	33061048030000	2/14/2021	Undetermined
H & P 515	PETRO-HUNT, L.L.C.	State 158-91-16C-9-2H	SESW 16-158N-91W	MTL	37888	33061048280000	2/11/2021	Undetermined
UNIT 414	SLAWSON EXPLORATION COMPANY, INC.	Sniper Federal 4-6-7TFH	LOT3 6-151N-92W	MTL	37918	33061048310000	2/18/2021	Undetermined
NABORS X24	HESS BAKKEN INVESTMENTS II, LLC	EN-JOYCE-LE- 156-94-1721H-5	SWSW 8-156N-94W	MTL	37978	33061048360000	2/18/2021	Undetermined
NABORS B13	OASIS PETROLEUM NORTH AMERICA LLC	Borden Federal 5300 14-36 9B	NENE 36-153N-100W	WIL	34339	33105046460000	2/20/2021	Undetermined

One well coming off the confidential list: 16 for the month, 49 for the quarter, 49 for the year.

• 37096, A/F, Hess, BW-Spring Creek-LE-149-99-1201H-1, Cherry Creek, first production, 8/20; t--; cum 120K 12/20;

RBN Energy: URI scrambles Gulf Coast gas flows, briefly shuts off Texas LNG feedgas.

What started out as a novel snow day for parts of Texas, replete with Facebook posts full of awestruck kids and incredulous native Texans, quickly escalated to a statewide energy crisis last week. A lot of the state’s electric generation and natural gas production capacity was iced out just when demand was highest, sending gas and electricity prices soaring and leaving millions without power for days. Frigid temperatures like the ones we saw would register as a regular winter storm in northerly parts of the U.S. and in Canada — but in Texas? 

A disaster. 

Market analysts, regulators, and observers will be unpacking the events of the past week — and the many implications — for a long time to come. We may never know the full extent of the chaos and finagling that went on among traders and schedulers behind the scenes as they tried to wrangle molecules. However, we can get some insight into the madness using gas flow data to provide a window into how the market responded and, in particular, the effect on LNG export facilities. Today, we examine the impacts of Winter Storm Uri on Gulf Coast and Texas gas movements.