PPI Comes In Lighter Than Expected -- August 13, 2024

Locator: 48391B.

Inflation watch: PPI -- producer price index -- a measure of wholesale prices --

• increased 0.1% last month (July, 2024)
• forecast: a gain of 0.2%

Heartland Hydrogen: TC Energy and Marathon Petroleum, out. Link here.

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Back to the Bakken

WTI: $79.79.

Wednesday, August 14, 2024: 31 for the month; 87 for the quarter, 413 for the year
40467, conf, Kraken, Milloy 10-3-34 2H,
40386, conf, WPX, Missouri River 25-26HIL,
40262, conf, Empire North Dakota, Whooping Crane 29-15 1H,
39253, conf, Hess, SC-4WX-153-98-3130H-5,

Tuesday, August 13, 2024: 27 for the month; 83 for the quarter, 409 for the year
40468, conf, Kraken Operating, Milloy LE 10-3-34 11H,
39799, conf, Enerplus, Diamond 148-95-03A-10H,
39796, conf, Enerplus, Ruby 148-95-03B-10H,
24361, conf, Grayson Mill, Knight 35-26 3TFH,

RBN Energy: Permian production water posing challenges and offering opportunities.

Crude-oil-focused wells in the Permian generate massive volumes of produced water, and E&Ps have made tremendous strides in dealing with it. Most important, a growing share of that water is being recycled for use in new well completions. But challenges remain. Deep disposal wells — a popular option for handling produced water — can spur seismic events, and shallow disposal wells can do the same and also negatively impact oil well integrity. As we discuss in today’s RBN blog, Permian E&Ps are taking an increasingly comprehensive, holistic approach to produced water management. 

Produced water — that is, the briny, minerals-packed water that emerges from Permian and other wells with crude oil and associated gas — has been a frequent blog topic. As we said in our Wipe Out! blog series a few years back, in the olden days (before the Shale Era), E&Ps often dealt with produced water from old-school vertical wells by simply pumping it back into the same formation that it came from. That approach made the water disposal problem go away, and sometimes it actually improved well performance –– that additional water increased pressure at the bottom of the well and drove more oil into the well bore and up to the surface, hence initiating some of the first enhanced oil recovery (EOR) techniques.