RTP: reinforced thermoplastic pipe -- proprietary -- made by Baker Hughes in Houston.
A reader introduced me to a new technology in materials composition
for pipelines: non-metallic pipe or reinforced thermoplastic pipe (RTP).
The reader writes:
- in a nutshell, think of a six-inch 'plastic' PVC pipe Saran-wrapped with many layers of ultra-light, ultra-strong polymer material.
- some benefits include
- a super shortening of the time for new pipe installation.
- (Aramco laid 90 miles of 4 inch pipe in less than 2 days when steel pipe would have taken 70).
- eliminates corrosion issues.
- built-in sensing lines that monitor 24/7 including nearby external events such as hole digging by 3rd parties.
- 600-foot reels eliminate welding
- possible to install WITHIN existing pipelines for various applications.
- Baker Hughes - manufacturing plant in Houston - claims largest current capacity is 8-inch diameter at over 2,200 psi load.
- bottom line: this is such a fascinating innovation that has the potential to be a disruptive agent in the energy world.
A strong dollar: the last thing "we" need is a strong dollar, and yet, here we are. The dollar is "breaking out." Hitting new multi-year highs. A strong dollar, all other things being equal, will result in lower prices for oil.
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Back to the Bakken
Active rigs, not reported today by the NDIC:
| $77.43 | 10/6/2021 | 10/06/2020 | 10/06/2019 | 10/06/2018 | 10/06/2017 |
|---|---|---|---|---|---|
| Active Rigs | 26 | 11 | 58 | 64 | 59 |
No new permits.
Seven permits renewed:
- Enerplus (6): Bismuth, Cadmium, Brass, Tin, Osmium, Gallium wells, SWSE section 8-147-93, Dunn County;
- Crescent Point Energy: a CPEUSC Austin permit in Williams County
Two permits canceled:
- Grayson Mill Operating: two State wells in SESW section 25-155-100, Williams County;
One producing well (a DUC) reported as completed:
- 36580, 1,469, CLR, Pasadena Federal 13-11HSL, McKenzie County
The NDIC did not report the active rigs today.
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