Two Wells Coming Off Confidential List; SCOOP/STACK Update -- RBN Energy -- October 6, 2021

First things first: apparently I missed this. Picked up by a reader. Thank you. See this post regarding the Amber Renee. 

A monster well, off line for quite some time. Apparently a new sidetrack lateral has been drilled or will be drilled for #18408. In a February, 2019, sundry form, the well is TA on an annual basis, and future use of the "wellbore will be to sidetrack and complete new lateral once commodity prices improve."

Kellogg: workers at all US Kellogg's cereal plants abruptly go on strike. Discord has been going on for a year. Company has had a year to plan for this. 1,400 employees risk seeing Kellogg move rest of cereal manufacturing to Mexico. Average pay for Kellogg worker, annual: $120,000. I assume that includes benefits.

Bitcoin: completely missed this; dropped off my radar scope; last week, well below 42,000; this morning, at 51,746.

Gas deal: Southwestern Gas buys Questar Pipeline from Dominion. Carl Icahn stakes, The WSJ.

ET, phone home: Pennsylvania charges ET with 48 counts of environmental crimes associated with Mariner East 2 natural gas liquids pipeline. Link here. 

WTI: drops back slightly.

US equity markets: another severe opening. Buying opportunities.

Delta variant, what me worry? Apparently service sector was surprisingly strong last month. Link to WSJ.  

China blinks: China now taking Australian coal. Many, many stories. Here's one link. Does anyone thing China could wage / risk war taking Taiwan when it doesn't have enough energy to take care of things in peacetime?

India, critical: coal stocks are critically low amid global power crunch. Link to Tsvetana Paraskova. 

UK: natural gas prices are running $200 to $300 boe. Electricity rates skyrocketing. So, how is the average Brit doing? Not to worry. Electric rates for homeowners are capped. This now explains why Boris Johnson seems so complacent. How not to do it.

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Back to the Bakken

Active rigs, updated daily, COB, daily activity report:

$78.18	10/6/2021	10/06/2020	10/06/2019	10/06/2018	10/06/2017
Active Rigs	26	11	58	64	59

Two wells coming off confidential list:

Wednesday, October 6, 2021: 8 for the month, 8 for the quarter, 232 for the year:

• 37196, conf, Slawson, Mauser Federal 8-18-17TFH, North Fork, scout ticket not updated;
• 37024, conf, Enerplus, Ukulele 149-94-02C-01H, Mandaree, early production looks good; scout tick not updated;

RBN Energy: can SCOOP/STACK gets its mojo back? Archived. SCOOP/STACK followed  here.

The market dislocations of the past year and a half really took the wind out of the sails of many U.S. hydrocarbon plays. Not the Permian, of course. Sure, production there declined some in the spring of 2020, but has been on the rebound ever since — aside from a brief, Deep Freeze-related downward spike back in February, that is. But the recovery in many other leading production areas was short-lived. Production in the Bakken has stayed close to flat lately, and output in the Eagle Ford has been slipping. The same is true in SCOOP/STACK, which only a few years ago was hailed as maybe the next big thing. What happened? And is there hope for a comeback? In today’s RBN blog, we discuss the once-hot Oklahoma play and its prospects.