Oasis Reports A Huge Well -- December 1, 2021

EIA monthly petroleum production report: link here. It really is amazing: three states and the GOM are the only real plays that matter any more. And North Dakota in third place behind New Mexico. The surface area involved and number of rigs, North Dakota vs New Mexico, in fascinating, to say the least. But Texas? Amazing.

• New Mexico rig count: 83.
• North Dakota rig count: 27.
• Texas rig count: 273
  

Back of envelope:

• 5.0 million bbls; 273 rigs
• 1.4 million bbls; 83 rigs
• 1.0 million bbls; 27 rigs
  

Dashboards:

• EIA pdf, Bakken: https://www.eia.gov/petroleum/drilling/pdf/bakken.pdf
• EIA, pdf, Permian: https://www.eia.gov/petroleum/drilling/pdf/permian.pdf
• EIA, pdf, Eagle Ford: https://www.eia.gov/petroleum/drilling/pdf/eagleford.pdf

Enbridge: back to state court; Michigan drops federal case against Enbridge Line 5; clears way for state case; Enbridge "welcomes" the development;

CLR: comments starting to surface over at twitter regarding "flash crash" and timing of CLR's entrance into the Permian.

WTI: up 4.29%; up $.284; trading at $69.02;

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Back to the Bakken

Active rigs: 

$69.02	12/1/2021	12/01/2020	12/01/2019	12/01/2018	12/01/2017
Active Rigs	23	14	57	66	54

Wednesday, December 1, 2021: 46 for the month, 49 for the quarter, 300 for the year:

• 38267, conf, CLR, Pletan 12-18HS1, Chimney Butte, no production data, the Pletan wells are tracked here;
  
• 38048, conf, Slawson, Muskrat Federal 4-28-33TFH, Big Bend, no production data,
• 37623, conf, Oasis, Nikolai Federal 5297 11-6 6B, Banks, first production, 6/21; t--; cum 107K 9/21; see this post.
  
• 36816, conf, Whiting, S-Bar 12-2H, Sanish, first production, 6/21; t--; cum 50K 9/21;

RBN Energy: Permian midstreamers consolidate as basin production rebounds, part 2. 

The Permian has been a leader in domestic oil and gas production for decades but the Shale Revolution made it a global superstar. In the past few years, thousands of miles of new crude oil, associated gas, and produced-water gathering systems have been installed in West Texas and southeastern New Mexico, as have dozens of new gas processing plants and a number of new takeaway pipelines for oil, gas, and NGLs. Lately, there has also been a lot of consolidation among Permian midstream companies, mostly with the aims of increasing scale, improving reliability, and directing more hydrocarbons through the combined companies’ gathering, processing, and takeaway assets. In today’s RBN blog, we continue our review of recent, major pipeline-company combinations in the Permian and the benefits participants expect to realize from them.