Locator: 47966B.
Stagflation: with WTI back up above $79, certainly doesn't look like slow growth to me, any time soon.
In the news today:
- Apple iPhone sales surge in China
- China's drop in CO2 emissions; Bloomberg misreading the story
- EVS: liberals vs conservatives
- Chord to close on Enerplus this week; shareholders overwhelmingly approve
- hyperscalers: a deep dive
- but before we get to those stories, I'm going to have some waffles and spam. Whoo-hoo!
******************************
Back to the Bakken
WTI: up almost 2%; up $1.40; trading at $79.12.
Tuesday, May 28, 2024: 39 for the month; 103 for the quarter, 302 for the year
40283, conf, Eagle Operating, Wade 5-11,
Monday, May 27, 2024: 38 for the month; 102 for the quarter, 301 for the year
39382, conf, BR, Devils Backbone 3B MBH,
Sunday, May 26, 2024: 37 for the month; 101 for the quarter, 300 for the year
39577, conf, Prima Exploration, Elzy Lay 1H,
39568, conf, Prima Exploration, Elzy Lay 2H,
39381, conf, BR, Devils Backbone 3C UTFH,
RBN Energy: there's a lot more happening in the Bakken than you might think. Archived.
On the surface, the Bakken story in the mid-2020s may seem as boring as dirt. The boom times of 2009-14 and 2017-19 are ancient history. Crude oil production has been rangebound near 1.2 MMb/d — well below its peak five years ago. And that output has been getting gassier over time, creating natural gas and NGL takeaway constraints that have put a lid on oil production growth. But don’t buy into the view that the Bakken is yesterday’s news. Beneath the surface (sometimes literally), the U.S.’s second-largest crude oil production area is undergoing a major transformation that includes E&P consolidation, production (and producers) going private, the drilling of 3- and (soon) 4-mile laterals, novel efforts to eliminate flaring, and even a producer-led push for CO2-based enhanced oil recovery (EOR). As we’ll discuss in today’s RBN blog, these changes and others may well breathe new life into the Bakken and significantly improve the environmental profile of the hydrocarbons produced there.
Busy, busy in the Bakken: we've only just begun. The WPX Mandaree pads in Spotted Horn. I could 16 active wells in this one location:
The earliest (?) well in this immediate area:
- 19603, 332, WPX, Mandaree 30-31H, Reunion Bay, t5/11; cum 615K 3/24; recent production; a stripper well trending toward 750K bbls crude oil, cumulative:
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 3-2024 | 31 | 780 | 797 | 2168 | 3014 | 2856 | 0 |
BAKKEN | 2-2024 | 29 | 803 | 777 | 2278 | 2717 | 2521 | 48 |
BAKKEN | 1-2024 | 23 | 330 | 335 | 1379 | 1502 | 1349 | 0 |
BAKKEN | 12-2023 | 31 | 521 | 567 | 963 | 2634 | 2476 | 0 |
BAKKEN | 11-2023 | 30 | 1061 | 1054 | 665 | 3606 | 3453 | 0 |
BAKKEN | 10-2023 | 30 | 952 | 850 | 597 | 3606 | 3455 | 0 |
BAKKEN | 9-2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 8-2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 7-2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 6-2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 5-2023 | 31 | 0 | 22 | 0 | 0 | 0 | 0 |
BAKKEN | 4-2023 | 9 | 141 | 166 | 59 | 579 | 534 | 0 |
BAKKEN | 3-2023 | 28 | 364 | 381 | 242 | 2445 | 2304 | 0 |
BAKKEN | 2-2023 | 27 | 287 | 537 | 386 | 2878 | 2739 | 0 |
BAKKEN | 1-2023 | 28 | 1369 | 1173 | 986 | 6417 | 6275 | 0 |
BAKKEN | 12-2022 | 31 | 800 | 744 | 390 | 4741 | 4583 | 0 |
BAKKEN | 11-2022 | 30 | 649 | 662 | 522 | 3524 | 3371 | 0 |
BAKKEN | 10-2022 | 31 | 899 | 862 | 631 | 4407 | 4249 | 0 |
BAKKEN | 9-2022 | 30 | 605 | 620 | 198 | 4212 | 4059 | 0 |
BAKKEN | 8-2022 | 31 | 542 | 569 | 1052 | 3892 | 3739 | 0 |
BAKKEN | 7-2022 | 31 | 1053 | 1022 | 2584 | 7186 | 7030 | 0 |
BAKKEN | 6-2022 | 30 | 879 | 859 | 513 | 3413 | 3260 | 0 |
BAKKEN | 5-2022 | 31 | 436 | 453 | 125 | 1829 | 1120 | 577 |
BAKKEN | 4-2022 | 30 | 952 | 975 | 290 | 6783 | 6639 | 0 |
BAKKEN | 3-2022 | 31 | 1068 | 1057 | 324 | 4936 | 4778 | 0 |
BAKKEN | 2-2022 | 28 | 736 | 722 | 317 | 4838 | 4695 | 0 |
BAKKEN | 1-2022 | 31 | 1006 | 1000 | 337 | 7417 | 7259 | 0 |
BAKKEN | 12-2021 | 31 | 945 | 944 | 344 | 5350 | 5192 | 0 |
BAKKEN | 11-2021 | 30 | 808 | 862 | 438 | 4125 | 3972 | 0 |
BAKKEN | 10-2021 | 31 | 2078 | 2049 | 348 | 8604 | 4407 | 4039 |
BAKKEN | 9-2021 | 30 | 928 | 956 | 206 | 4801 | 4648 | 0 |
BAKKEN | 8-2021 | 31 | 995 | 1012 | 279 | 4668 | 4510 | 0 |
BAKKEN | 7-2021 | 31 | 1133 | 1075 | 297 | 4348 | 3996 | 194 |
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