Three Wells Coming Off Confidential List; Enerplus Reports A Nice Mandaree Well; Active Rig Count At 17 -- April 15, 2021

Ten-year Treasury at a one-month low. Dropped today; barely above 1.6%. All that hand-wringing.

Economy: incredible report. Jobs. Earnings. Retail sales. Motor vehicle sales.

FOMO.

Give the children credit: IRS ready to sent out $300/child. Link here.

BRK-B: hit an all-time high yesterday? Could do it again today.

Port of Los Angeles: busiest quarter on record. On record. Link here.

Olympics 202One: not so fast. Cancellation is back on the table as Covid cases surge in Japan.

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Back to the Bakken

Active rigs:

$62.75	4/15/2021	04/15/2020	04/15/2019	04/15/2018	04/15/2017
Active Rigs	17	35	64	61	51

Three wells coming off confidential list --Thursday, April 15, 2021: 11 for the month, 11 for the quarter, 92 for the year:

• 37231, drl/NC, WPX, Patricia Kelly 2-1HX, Spotted Horn, no production data,
• 36248,, drl/NC, BR, Stortroen 2D MBH, Dimmick Lake, no production data,
• 35802, drl/NC,-->conf-->F/A, Enerplus, Sleet 149-93-07A-12H, 33-025-03632, Mandaree, first production, 10/20; 13K; fracked 10/3/20 - 10/14/20; 8 million gallons of water; 84.5% water by mass; first productoion, 10/20; at 13,569 bbls over 8 days, extrapolates to 51K bbls crude oil; t--; cum 138K 2/21; the Enerplus "Precipitation" pad is tracked here.
  

Note "progression" of #35802. When I first started blogging about the Bakken, I was told this could (?) not happen: drl/NC,-->conf-->F/A.

RBN Energy: Canadian refiners adapt to changes in North American market. 

The U.S. and Canada make quite a team. Friends for most of the past century and a half — and best buddies since World War II — the two countries have highly integrated economies, especially on the energy front. Large volumes of crude oil, natural gas, NGLs, and refined products flow across the U.S.-Canadian border, and a long list of producers, midstreamers, and refiners are active in both nations. One more thing: since the mid-2000s, the development of U.S. shale and the Canadian oil sands in particular has enabled refiners in both countries to significantly reduce their dependence on overseas oil — a big victory for North American energy independence. 

However, due to its smaller population and economy, Canada typically gets far less attention than its southern neighbor, so in today’s blog we try to right that wrong by discussing highlights from a new, freshly updated Drill Down Report on Canada’s refining sector.

My favorite aunt. Not Canadian. Sorry. Not sorry.