Friday, October 15, 2021

No New Permits; One DUC Reported As Completed; One Permit Canceled -- October 15, 2021

Covid-19 vaccinations: huge jump in number of vaccinations given over the past two days. Link here. On another note, finally, US opens borders to foreign tourists. I'm loving it.

Seriously under-valued: US oil companies are seriously undervalued. I really like a handful of analysts over at oilprice.com. Alex Kimani is one of them 

Greta: did you hear that coal generation in the UK jumped as wind speed dropped. Yup, that's what Charles Kennedy is reporting. 

Coal met some 3 percent of the UK’s electricity demand on Friday morning, reaching its highest level of Britain’s power generation in one month, amid lower wind speeds this week and an outage at a gas-powered plant, Bloomberg reports. 

The last time the UK generated 3 percent of its electricity from coal was in early September when low wind generation reduced renewable power supply and triggered the massive spikes in UK wholesale electricity prices.  

Utility Uniper fired up its coal-powered plant in Ratcliffe early on Friday, while the gas-fired plant in Pembroke, Wales, operated by RWE, suffered an unplanned outage. [It doesn't take a rocket scientist to see where this is headed.]

Over the past week, gas has consistently accounted for the largest share of the UK’s electricity generation, according to data from National Grid ESO. For example, on Wednesday, gas produced 44.8 percent of Britain’s electricity, more than wind with 19.2 percent and nuclear with 12.6 percent. 

Surging natural gas prices and warm and still weather in September forced the UK to fire up an old coal plant that was on standby in order to meet its electricity demand. 

The UK has pledged to phase out coal-fired power generation by October 2024.

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Back to the Bakken

Active rigs:

$82.28
10/15/202110/15/202010/15/201910/15/201810/15/2017
Active Rigs2616606859

No new permits.

One permit canceled:

  • 38512: Kraken, Maddie, Williams County.

One producing well (a DUC) reported as completed:

  • 35456, 471, QEP, MHA 5-29-30H-150-92, on a six-well pad; two wells are shown as actively producing, #35453 and #35455
    DateOil RunsMCF Sold
    8-20212782015333
    7-20212553713784
    6-20214493925490
    5-20214899421911
    4-20211433221
  • 35453, 2,518, QEP MHA 7-27-26H-150-92, Van Hook, t7/20; cum 267K 8/21; taken off line for a few days in 5/21;
  • 35455, 681, QEP MHA 7-29-30H-150-92, Van Hook t7/20; cum 399K 8/21; taken off line 4/21 - 5/21;
  • in addition,
    • 35454, conf, QEP, MHA 5-27-26H-150-93, Van Hook,
      DateOil RunsMCF Sold
      8-20212077310399
      7-20212438012201
      6-20212540013481
      5-20213215811149
      4-20213827689

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