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Monday, April 19, 2021

Full Speed Ahead, Damn The Torpedoes -- CLR WIth Eight More Permits; Active Rig Count Drops By One; WTI Holds Above $63 -- April 19, 2021

Saudi: oil in storage. Starting about now, Saudis will start increasing their domestic consumption of oil for generating electricity for air conditioning.

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Back to the Bakken

Active rigs:

$63.43
4/19/202104/19/202004/19/201904/19/201804/19/2017
Active Rigs1632635950

Eight new permits, #38263 - 38270, inclusive --

  • Operator: CLR
  • Fields: Chimney Butte (Dunn County); Jim Creek (Dunn County)
  • Comments:
    • 38263, conf, CLR, Pletan 9-18H1, Jim Creek, 365 FNL 1600 FEL NWNE 18-146-95,
    • 38264, conf, CLR, Pletan 10-18H, Jim Creek, 365 FNL 1555 FEL NWNE 18-146-95,
    • 38265, conf, CLR, Pletan 11-18H1, Jim Creek, 365 FNL 1510 FEL NWNE 18-146-95,
    • 38266, conf, CLR, Dvirnak 12-8HSL1, Chimney Butte, 325 FSL 760 FWL SWSW 8-146-95,
    • 38267, conf, CLR, Pletan 12-18HSL, Chimney Butte, 325 FSL 805 FWL SWSW 8-146-95,
    • 38268, conf, CLR, Jensen 8-8HSL, Chimney Butte, 325 FSL 850 FWL SWSW 8-146-95,
    • 38269, conf, CLR, Jensen 9-8H1, Chimney Butte, 325 FSL 895FWL SWSW 8-146-95,
    • 38270, conf, CLR, Mittlestadt 9-17H1, Chimney Butte, 325 FSL 940 FWL SWSW 8-146-95,
  • The CLR Pletan-Dvirnak pad is tracked here.  
  • The CLR Mittlestadt pad is tracked here.
  • The CLR Jensen wells are noted here.

Four producing wells (DUCs) reported as completed:

  • 34630, SI/A, Whiting, Tarpon Federal 34-20-1TFH, Sand Creek, first production, 2/21; t--; cum 29K over 19 days; Tarpon Federal wells are tracked here;
  • 34631, SI/A, Whiting, Tarpon Federal 34-20-1H, Sand Creek, first production, 1/21; t--; cum 37K over 26 days; Tarpon Federal wells are tracked here;
  • 35193, SI/A, Whiting, Tarpon Federal 34-20-3H, Sand Creek, first production, 1/21; t--; cum 40K over 24 days; Tarpon Federal wells are tracked here;
  • 36682, drl/A, Hess, BL-Iverson C-155-96-2314H-9, Beaver Lodge, first production, 6/20; t--; cum 110K 2/21; parent well, #16400, no halo effect; taken off line for several months; back line 9/20; producing since 2007, only 164K bbls;

2 comments:

  1. Interesting graph on Saudi oil in storage. With reduced rig count for the past year, I wonder how much oil can they really produce. Depletion of existing oil fields continues

    ReplyDelete
    Replies
    1. Thank you. You are one of the few that really gets what might be going on in Saudi Arabia. I think that graphic is really, really scary -- if one thinks about it. This graph goes all the way back to 2002 and current Saudi in storage is currently less than what we saw then.

      Of course, there may be more to the story that we don't know. But the graph certainly seems to be worthy of more attention than Reuters or the WSJ seem to be giving it.

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