Enerplus To Report Another Huge Well -- August27, 2024

Locator: 48460B.

Renewables: one can't have more solar / more wind energy without natural gas back-up. See RBN Energy below. 

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Back to the Bakken

Updated:

• the Enerplus fishing pad; 
• the Enerplus gemstone pad;
  

WTI: $76.67.

Wednesday, August 28, 2024: 69 for the month; 125 for the quarter, 449 for the year
40476, conf, CLR, Clover 4-10H,
40361, conf, Oasis, Maverick Federal 5602 13-12 3B,
36270, conf, BR, George-Lillibridge 4C MBH-ULW,

Tuesday, August 27, 2024: 66 for the month; 122 for the quarter, 446 for the year
40470, conf, Oasis, Maverick Federal 5602 13-12 2B,
39854, conf, Enerplus, Yak 148-95-4A-16H,
36269, conf, BR, George 4B TFH,
21543, conf, Grayson Mill, Knight 35-26 1-H,

Enerplus: with another huge well:

• 39854, conf, Enerplus, Yak 148-95-4A-16H, Eagle Nest,
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	6-2024	30	45284	45356	22208	64386	63922	387
BAKKEN	5-2024	31	45487	45192	20906	60744	56685	3988
BAKKEN	4-2024	13	19604	19671	8917	25173	25003	144
BAKKEN	3-2024	23	32210	32404	25080	37580	36747	784
BAKKEN	2-2024	3	669	0	573	1756	1217	535

RBN Energy: Virginia and Carolinas utilities' focus: gas-fired plants and solar. 

Utilities in Virginia, North Carolina and South Carolina, all anticipating rapid growth in electricity demand through the 2030s, have ambitious plans for renewables but are acknowledging that solar and offshore wind will need to be backed up by a lot more natural gas-fired generation.

Fortunately, the new Mountain Valley Pipeline (MVP) and planned expansions to it and the Transcontinental Gas Pipe Line (Transco) system are providing utilities in the three-state region with enhanced access to Marcellus/Utica-sourced natural gas, albeit at premium prices to gas users closer to that production. In today’s RBN blog, we continue our look at rising demand for electricity and gas in Virginia and the Carolinas with a review of what the largest utilities there are planning.