Locator: 48673B.
The Grayson Mill Hovland wells. I may have this wrong, but I believe this is the story.
The original Hovland wells were first drilled back in May, 2014. They were still producing a small amount of well, on a pump, as of December, 2023, when they were taken off line by their new operator, Grayson Mill. The wells were placed on confidential list to be re-fracked. Confidential list, 4/24. Released from confidential list 10/24. Refrack results of one such well:
- 26449: prior to refrack cumulative crude oil produced ~ 220,000 bbls since 5/14. Now, cum 282,745 bbls cumulative crude oil produced.
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 8-2024 | 28 | 16953 | 17108 | 28610 | 34465 | 26320 | 8033 |
| BAKKEN | 7-2024 | 31 | 22717 | 22774 | 61400 | 51114 | 36151 | 14839 |
| BAKKEN | 6-2024 | 30 | 22123 | 21527 | 124422 | 35932 | 27979 | 7854 |
| BAKKEN | 5-2024 | 2 | 121 | 98 | 4935 | 96 | 0 | 94 |
| BAKKEN | 4-2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 3-2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 2-2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 1-2024 | 0 | 0 | 18 | 0 | 0 | 0 | 0 |
| BAKKEN | 12-2023 | 18 | 479 | 513 | 395 | 1190 | 1118 | 0 |
The new Hovland well will come off confidential list tomorrow, October 30, 2024.
- 40209, conf, Grayson Mill, Hovland 26-35 6H, South Tobacco Garden, t4/24; initial runs:
Date Oil Runs MCF Sold 8-2024 24724 41893 7-2024 32984 54086 6-2024 15267 19398
***********************************
WTI: $67.63.
Wednesday, October 30, 2024: 60 for the month; 60 for the quarter, 574 for the year
- 40217, conf, Enerplus, Olson 146-97-3-10-7H,
- 40209, conf, Grayson Mill, Hovland 26-35 6H,
Tuesday, October 29, 2024: 58 for the month; 58 for the quarter, 572 for the year
- 40592, conf, Oasis, Truax State Federal 5398 43-9 5B,
- 26450, conf, Grayson Mill, Hovland 150-99-26-35-4H,
- 26449, conf, Grayson Mill, Hovland 150-99-26-35-3H,
RBN Energy: how much natural gas storage capacity does Alberta really have?
For natural gas markets to operate as efficiently as possible, a lot of data is needed, including up-to-date estimates of the amount of gas in storage and the physical capacity to hold it. For too long, Canadian natural gas markets have been operating with an obvious blind spot: little to no reliable storage data. With Alberta being home to the largest amount of gas storage capacity in Canada, having accurate information could provide vital data in the pricing of Canadian natural gas. In today’s RBN blog, we begin a multi-part series examining Canadian natural gas storage, starting with Alberta.
Having an accurate reading on the amount of natural gas held in underground storage is a primary ingredient in the functioning of gas markets and the prompt and future pricing of this important commodity. If natural gas storage levels are deemed by the market to be too high, then prompt and future prices will likely pull back to incentivize more demand, discourage production and slow injections of gas into storage sites. The opposite is true when the amount of gas in storage is considered too low: prompt and future prices will rise to encourage more production, reduce demand and increase injections. The market’s general goal is an iterative process to ensure that an adequate amount of gas — but not too much — is socked away ahead of the high-demand winter months.
