Monday, May 12, 2025

Manic Moday Lives Up To Its Name -- May 12, 2025

Locator: 48614B.

German energy: link here.

Spanish power outage: the US won't put up with these problems. Big winner: battery companies and generator manufacturers. Big loser: renewable energy. Link here.

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Back to the Bakken

WTI: $62.07.

New wells this next week:

Tuesday, May 13, 2025: 30 for the month, 130 for the quarter, 322 for the year,

  • 39819, conf, Hess, RS-Nelson Farms-156-91-1819H-2,

Monday, May 12, 2025: 29 for the month, 129 for the quarter, 321 for the year,

  • 40713, conf, Silver Hill, Tank E 156-98-1-12-4MBH,
  • 39982, conf, Zavanna, Collie 13-25 4H,

Sunday, May 11, 2025: 27 for the month, 127 for the quarter, 319 for the year,

  • None.
Saturday, May 10, 2025: 27 for the month, 127 for the quarter, 319 for the year,
  • 41139, conf, CLR, Stangeland 7-7H,
  • 40911, conf, BR, Watchman Peak 5D,
  • 40463, conf, Oasis, Lee N 5201 21-5 4B,

RBN Energy: E&Ps protect balance sheets with conservative approach after 2024 acquisitions.

Serious concerns about higher costs and lower demand have left the E&P sector in a delicate position since the implementation of new U.S. tariffs, as evidenced by the Dallas Federal Reserve Bank’s recent survey of producers, who appear especially vulnerable after massive acquisition spending in 2024 to deepen and high-grade their portfolios. In today’s RBN blog, we’ll explore the impact of the 2024 acquisitions and commodity pricing on E&P debt and discuss the expected response to protect balance sheets.

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End-Of-Day Report

Active rigs: 38 (wow).

Seven new permits, #41901 - #41907, inclusive:

  • Operators: Hess (6); Grayson Mill
  • Fields: Ray (Williams County); Alger (Mountrail County)
  • Comments:
    • Grayson Mill has a permit for a Sorenson well, NWNE 29-155-92; 
      • to be sited 230 FNL and 2170 FEL;
    • Hess has permits for three GO-Barb wells and three GO-Wolla wells, SWSW 35-157-97, 
      • to be sited 644 FSL and 686 / 851 FWL.

Fourteen permits renewed:

  • Enerplus: multiple names in McGregory Buttes (Dunn County), Moccasin Creek (Dunn County), and South Fork (Dunn County)-- Widgeon, Scaup, Pintail, Tegu, Quartzite, Marble, Geiss, Madrigal, Quartet, Opera, Rhythm, Enduro, Hobby, and Checkered.

Four producing wells (DUCs) reported as completed:

  • 40664, 981, CLR, Sandhill 6-24H, Williams County;
  • 40674, 1,127, CLR, Carpeter 6-13H, Williams County;
  • 40843, 1,150, CLR, Catron 3-26H, Dunn County;
  • 40844, 1,167, CLR, Catron 4-26H, Dunn County;
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