Drilling Parameters In The Bakken -- Hess Hitting The Gold Standard (Again) -- March 19, 2024

Locator: 46802B.

XOM: did you all year the compliment paid the Bakken operators in his recent speech? I'll come back to this later, but take a look at Hess below and one will see why Darren Woods said what he said.

Wow, I hope the Fed doesn't cut! Goldilocks for most; gilded age for many.

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Back to the Bakken

WTI: $83.59. And there's more. The Biden administration says it's gonna fill the SPR this autumn. Say what? Time to take more oil off the market. LOL.

Wednesday, March 20, 2024: 122 for the month; 181 for the quarter, 181 for the year

• 40053, conf, Oasis, K2 Holdings 5401 11-31 2B,
• 39899, conf, KODA Resources, Bock 3422-1BH,
• 39898, conf, KODA Resources, Bock 3422-2BH,
• 38098, conf, BR, Stafford 12-34TFH,

Tuesday, March 19, 2024: 118 for the month; 177 for the quarter, 177 for the year

• 39400, 1,297, Hess, TI-Ives-157-94-0601H-4, Tioga, 
• stimulated, 9/20/2023; 21 stages; 257,038 bbls; 10,962,243 lbs proppant; and then look at this, began drilling lateral at 4:29 p.m. June 20th and reached TD less than 48 hours later -- at 4:00 p.m. June 23. Drilling rate at an astounding 398.7 ft / hour. Just curious: how long did it take to build the curve? Overnight, from 9:29 p.m. CDT June 18th, 2023, to 10:00 a.m. June 19, 2023. 
• so, again, the gold standard in the Bakken:
• the vertical: less than a day
• the curve: 12 hours
• a long lateral (two-section lateral): 2 days.

RBN Energy: methane intensity and the sourcing of natural gas for LNG exports.

There’s already so much involved in developing new LNG export capacity: lining up offtakers, securing federal approvals, sourcing natural gas, developing pipelines ... the list goes on. Now, with the increased emphasis on minimizing emissions of methane, the folks involved in LNG exports are also wary of the methane intensity (MI) of their feedgas, which depends not only on the steps that gas producers, pipeline companies and LNG exporters themselves take to mitigate methane emissions but also on where the gas comes from. But with so many new export terminals coming online, gas flows are sure to change, right? So how can you possibly assess what those flow changes will mean for the MI of gas over time? In today’s RBN blog, we discuss the role that MI may play in sourcing natural gas for LNG.