Some twit tweeted that when the EIA weekly petroleum report comes out tomorrow, there will be a billion bbls of crude oil in US storage, suggesting crude oil should be selling well below $35.
Okay.
How about this?
Tuesday, June 22, 2021
Rimrock With Two New Permits -- June 22, 2021
Active rigs:
| $73.06 | 6/22/2021 | 06/22/2020 | 06/22/2019 | 06/22/2018 | 06/22/2017 |
|---|---|---|---|---|---|
| Active Rigs | 19 | 12 | 64 | 65 | 5 |
Two new permits, #38393 - #38394, inclusive:
- Operator: Rimrock Oil & Gas
- Field: Twin Buttes
- Comments:
- Rimrock has two new permits
- both wells will be sited in NENE 22-147-92
- Prairie Rose 1-22TFH will be sited 376 FNL 441 FEL
- Chokecherry 1-22H will be sited 394 FNL 464 FEL
- these two wells will be sited 29.21 feet from each other
Five permits renewed:
- BR: two Lordeng permits, two Kellogg Ranch permits, and a Shafer permit, all in McKenzie County
One permit cancelled:
- Cobra Oil & Gas: one Neru permit in Billings County;
One producing well (a DUC) reported as completed:
- 37536, loc/A, CLR, Kennedy 16-31HSL1, Dimmick Lake, first production, t--, cum --; the Kennedy-Miles wells are tracked here; production has been updated; lots of activity over the past few months;
Traveling For The Next Ten Days -- Blogging Will Be Irregularly Irregular -- June 22, 2021
E-mail may not get answered in a timely manner.
Comments to the blog may not get posted in a timely manner.
WTI At $73.68; No Wells Coming Off Confidential List; Active Rigs Slip One To 19 -- June 22, 2021
$73.68.
Apple: set to receive priority status from pure play TSMC for iPhone 13 chip orders going into 3Q21.
*******************************
Back to the Bakken
Active rigs:
| $73.68 | 6/22/2021 | 06/22/2020 | 06/22/2019 | 06/22/2018 | 06/22/2017 |
|---|---|---|---|---|---|
| Active Rigs | 19 | 12 | 64 | 65 | 59 |
No wells coming off the confidential list.
RBN Energy: Alberta's side of the Montney natural gas play.
The immense Montney Formation in Western Canada is almost equally divided between the two provinces of Alberta and British Columbia. However, on either side of the provincial border there are stark differences in the number of wells drilled, well length, well productivity, and natural gas production. All these differences have resulted in Alberta being the much smaller player in the Montney gas story, with production from its side of the formation only helping to hold the line on Alberta’s total gas output in the past few years. Today, we continue our Montney analysis by looking at gas well trends on the Alberta side of this prolific formation.
For nearly 100 years, Alberta has been the leading source of Western Canada’s natural gas supplies. Previously supported for many decades by production from conventional shallow gas wells, the province’s gas output has been steadily pivoting away from the shallow wells since the early 2000s, and toward wells that tap unconventional, gas-rich formations such as the Montney. These wells, which employ horizontal drilling and multi-stage completions to unlock their immense productivity and reserves, have come to play a growing role in Alberta’s natural gas supply picture, and for Western Canada’s gas supplies in general.
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