Friday, April 22, 2022

Seven Wells Coming Off Confidential List -- A New High In Quite Some Time -- Enerplus With A Couple Of Huge Wells -- April 22, 2022

US crude oil in storage: 26.2 days, down from 26.7 days last week. Link here.

Ships banned and ISO NE: with Russian-linked ships banned at US ports, this becomes even more interesting; little impact going into summer, but next winter?

  • today, paltry demand at 11,862 MW early a.m.
  • price: 6th decile; $100+
  • add wood as a marginal fuel to natural gas and wind
  • most interesting and without explanation: very expensive hydro at 20%
  • nuclear: 21%
  • very expensive hydro nearly matching contribution of nuclear;

Houston refinery: to be closed. Lyondell Basell; two failed attempts to sell. 

  • to be closed by end of 2023;
  • five US refineries have been closed in the past two years
  • high costs; low margins;
  • products: gasoline, diesel and jet fuel
  • 260,000 bbl-per-day capacity

*************************
Back to the Bakken

Active rigs:

$103.40
4/22/202204/22/202104/22/202004/22/201904/22/2018
Active Rigs3716296259

Friday, April 22, 2022: 44 for the month, 44 for the quarter, 203 for one year

  • 38499, conf, CLR, Whitman FIU 5-34H, Oakdale, no production data,
  • 38458, conf, Slawson, Machete Federal 1 SLH, Big Bend, no production data,
  • 38455, conf, Slawson, Lightning Federal 5-24-13TFH, Big Bend, no production data,
  • 37724, conf, Enerplus, Beaver 151-94-33C-28H, Antelope, a very nice well;
  • 37722, conf, Enerplus, Sable 151-94-33C-28H, Antelope, a very nice well;
  • 37721, conf, Enerplus, Ermine 151-94-33C_28H, Antelope, a very nice well;
  • 37011, conf, CLR, LCU Foster Federal 12-28HSL1, Long Creek, no production data,

RBN Energy: global clamor for LNG puts focus on US exports

The U.S. and its European allies have been working on ways to move away from Russian energy supplies after Russia’s invasion of Ukraine, with increased LNG exports to Europe expected to play an important role in that transition. And with global demand for LNG at an all-time high, it has put some important U.S. export projects closer to reaching a final investment decision (FID).  But even with U.S. LNG production surging, questions remain about how much more LNG Europe can realistically handle.

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Initial Production

The wells: the Enerplus winter fur pad is tracked here.

  • 37724, conf, Enerplus, Lynx 151-94-33C-28H, Antelope,

DateOil RunsMCF Sold
2-20222388643699
1-20222238336600
12-20214861570639
11-20216715191095
  • 37724, conf, Enerplus, Beaver 151-94-33C-28H, Antelope,
DateOil RunsMCF Sold
2-20222910953322
1-20223426656045
12-20213766054735
11-20213661049678
  • 37722, conf, Enerplus, Sable 151-94-33C-28H, Antelope,
DateOil RunsMCF Sold
2-20222500145715
1-20224629275698
12-20214539765933
11-20213534847630
  • 37721, conf, Enerplus, Ermine 151-94-33C_28H, Antelope,
DateOil RunsMCF Sold
2-20222327142577
1-20223798262112
12-20214309562609
11-20213495647472

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