Breathlessly reporting: Guyana-Suriname Basin could be the world's last great offshore oil boom.
- this basin is tracked here;
- discovered by ExxonMobil
- 11 billion bbls in the Stabroek Block offshore (recently revised upward), recoverable
- one of as many as 30 blocks
- all blocks: ~ 20 billion bbls
- to put in perspective:
- 10 years x 1 million bopd x 365 days / year = 4 billion bbls (rounded up) --Bakken
- 10 years x 5 million bopd x 365 days / year = 20 billion bbls (rounded up) -- Permian
Note: I often make simple arithmetic errors.
JPow / Fed: raised the "prime rate, 50 basis points, now 4.25 to 4.50%, prime rate.
Active rigs: 43.
WTI: $77.54.
Natural gas: $6.564.
Two new permits, #39491 - #39492, inclusive:
- Operator: Kraken
- Field: Squires (Williams)
- Comments:
- Kraken has permits for a Ricky-Lee well and a Anseth well, NWNW 20-155-103,
- one to be sitd 340 FNL and 375 FWL; and,
- the other, 340 FNL and 408 FWL
Ten peermits reneweed:
- Petroshale (5): all Tahu permits; all in McKenzie County
- Hunt (4): one Nichols permit and thee Palermo permits, all in Mountrail County;
- Slawson: a Ripper Federal permit in Mountrail County
Seven producing wells (DUCs) reported as completed:
- 38239, 3,625, Ovintiv, Kramer 150-97-18-19-11HLW,
- 38244, 2,128, Ovintiv, Kramer 150-97-18-19-3H,
- 38245, 4,611, Ovintiv, Kramer 150-97-18-19-4H,
- 38246, 2,913, Ovintiv, Kramer 150-97-18-19-14H,
- 38248, 2,291, Ovintiv, Kramer 150-97-18-19-15H,
- 36513, 40 (no typo), Crescent Point, CPEUSC Austin 4-17-20-158N-99W-MBH,
- 36519, 176 (no typo), Crescent Point, CPEUSC Austin 7-17-20-158N-99W-MBH-LL;
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