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Monday, January 31, 2022

Murex With Two New Permits -- January 31, 2022

A reader reminded me the "914s" have been released.

This is from my "links" page:

ISO NE: dinner time; link here.

  • demand: moderate at 17312 MW; priced at $270 / MW
  • price: 8th decile; highest decile it will ever be
  • New England has run out of coal;
  • oil is providing 20% of electricity;
  • hydro at only 7%; expensive; goal to keep it down
  • but look at this, renewables providing only 5% and of that, wind only 21%; you can do the math (1% of all electricity is coming from renewable energy; in other words, way below even weak expectations);
  • absolutely fascinating
  • later, one hour later -- it just got a lot worse -- pricing now spiked to $300+/MH
  • what happened? 
    • demand jump from 17312 to 18407, a non-trivial jump
    • hydro (very expensive) jumped from 7% (see above) to 10%) -- obviously the grid operators are doing what they can to prevent black outs;
    • in addition, more oil being used, though no change in percentage contribution (20%)

The Concord Monitor: regularly reports on high cost of electricity / energy in New England; for example this article;

WTI: even at it's already high price, WTI surged 1.75%; up $1.50; trading solidly above $88.

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Back to the Bakken

Active rigs:

$88.34
1/31/202201/31/202101/31/202001/31/201901/31/2018
Active Rigs32
13546559

Two new permits, #38765 - #38766, inclusive:

  • Operator: Murex
  • Field: Midway (Mountrail County)
  • Comments: 
    • Murex has permits for a KC-Dustin David well, and a KC-Nash Parker well, both to be sited on SWSW 9-157-95; 
    • they will be sited 301 FSl and between 766 FWL 796 FWL; again, as we're seeing elsewhere, the wellheads thirty feet apart

Active rigs: 33 but one is a SWD rig; did not check closely to see if any rigs listed twice;

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