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Wednesday, February 24, 2021

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
2/24/202102/24/202002/24/201902/24/201802/24/2017
Active Rigs1549665741

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

RigOperatorWell Name and NumberCurrent LocationCountyFile NoAPIStart Date** Next Location
H & P 515PETRO-HUNT, L.L.C.HURINENKO 144-98-11C-2- 2HNENW 14-144N-98WBIL36078330070191800002/21/2021Undetermined
H & P 454CONTINENTAL RESOURCES, INC.Rodney 8-29H1NENW 32-147N-96WDUN37379330250399800002/11/2021Undetermined
CYCLONE 38CONTINENTAL RESOURCES, INC.Rodney 11-29H1NWNE 32-147N-96WDUN37396330250400500002/18/2021Undetermined
NABORS B27WPX ENERGY WILLISTON, LLCCharles Blackhawk 31-30HYSESW 31-148N-92WDUN37843330250408600002/18/2021Undetermined
H & P 516Ovintiv Production Inc.KESTREL 154-96-33-28-2HSESE 32-154N-96WMCK34332330530832200001/30/2021Undetermined
NABORS B6BURLINGTON RESOURCES OIL & GAS COMPANY LPF JORGENSON 1A TFHSESW 11-151N-97WMCK37483330530937500002/21/2021Undetermined
AES 4CONTINENTAL RESOURCES, INC.Harms Federal 18-33HSESW 32-153N-93WMCK37988330530961000002/22/2021Undetermined
NABORS X28HESS BAKKEN INVESTMENTS II, LLCEN-RICE- A-155-94-0310H-3LOT3 3-155N-94WMTL37333330610466400001/25/2021Undetermined
PATTERSON 808WHITING OIL AND GAS CORPORATIONLittlefield 41-2HLOT1 2-152N-92WMTL37601330610474500002/13/2021Undetermined
H & P 259MARATHON OIL COMPANYLittle Owl USA 31-6TFHLOT1 6-150N-93WMTL37772330610478900002/7/2021Undetermined
NABORS X10MARATHON OIL COMPANYLindley USA 41-4HLOT1 4-150N-93WMTL37791330610480000002/15/2021Undetermined
H & P 492MARATHON OIL COMPANYBrusseau USA 11-3TFHLOT4 3-150N-93WMTL37801330610480300002/14/2021Undetermined
H & P 515PETRO-HUNT, L.L.C.State 158-91-16C-9-2HSESW 16-158N-91WMTL37888330610482800002/11/2021Undetermined
UNIT 414SLAWSON EXPLORATION COMPANY, INC.Sniper Federal 4-6-7TFHLOT3 6-151N-92WMTL37918330610483100002/18/2021Undetermined
NABORS X24HESS BAKKEN INVESTMENTS II, LLCEN-JOYCE-LE- 156-94-1721H-5SWSW 8-156N-94WMTL37978330610483600002/18/2021Undetermined
NABORS B13OASIS PETROLEUM NORTH AMERICA LLCBorden Federal 5300 14-36 9BNENE 36-153N-100WWIL34339331050464600002/20/2021Undetermined

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.

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