Thursday, November 8, 2012

On Tap For Friday: Wells Coming Off Confidential List

RBN Energy: continues the series on crude oil pricing at Cushing. This time -- the roll adjust mechanism that links the NYMEX CMA back to physical price timing and then the WTI Postings Plus (P-Plus) alternative mechanism used to price WTI at Cushing.

These are the Madson wells, in section 33-153-95, on a 3-well pad, in the Williston area, October, 2012, sent in by a reader, southeast of Williston in the Charlson field:
  • 22860, 1,471, XTO/Denbury Onshore, Madson 22-33SEH, Charlson, t10/12; cum 138K 8/14;
  • 22861, 1,594, Denbury Onshore, Madson 22-33SH, Charlson, t9/12; cum 133K 8/14;
  • 22862, conf, Denbury Onshore, Madson 11-33SWH, Charlson, t10/12; cum 138K 8/14;

Wells coming off the confidential list:
  • 10327, 431/25, Red River/Red River B, Encore/Total Petroleum, Olson 1-30, Horse Creek, for the Red River, t1/84 with cum of 212K now PNA; for the Red River B, t8/12; cum 14K 8/14;
  • 21487, 762, BR, Bartlett 11-16TFH, Murphy Creek, t9/12; cum 45K 9/14;
  • 22857, 358, CLR Willie 2-36AH (the "AH" designation has been discussed earlier); t8/12; cum 88K 8/14; 
Finally: rationing of gasoline in Sandy-hit area of NYC;
Earlier today it was reported that the gasoline crisis could last weeks. Human nature and hoarding. Hofmeister pointed that out several days ago (no link unfortunately; happened to catch part of an interview on CNBC; that must have been last week).

Fracking Acids and Glycols

I received the following as a comment. I know nothing more than you do now with regard to this comment, but knowing that some folks don't read comments, here it is:
My company supplies industrial chemicals such as glycols, methanol, formic acid, hydrochloric acid, boric acid, isopropanol, and many others. If interested, please call Sam @ 973-460-9222.

Big Stories at the Williston Wire Today: Airlines, Airport, RV Lots, Apartment, Famous Dave's, Tractor and Equipment Expands; Hospitals

No links; Williston Wire is easy to subscribe to where one will find the full stories. This is an incredible "Wire" today:
  • Famous Dave's to locate in Williston; click here for details (a pdf); for investors only; press release: 21 new locations;
  • Tractor and Equipment plans major expansion; 50 acres in the Bakken Industrial Park north of Williston on Highway 2; future home to a full T&E The Cat Rental Store; click here for more (a pdf)
  • Williston Village RV Resort Spa opens; three miles north of Wal-Mart within Williston City limits; 100 lots for RVs; 48-unit apartment complex; lots are huge (30 x 70; large enough for three trucks to be parked in front of them)
  • Hospital looking for affordable housing for its employees; nurses needed in western North Dakota
  • Watford City hospital faces big challenges with huge population increase
  • Airlines: United Airlines off to smooth start; Delta to begin service to Williston next week;Frontier Airlines returns to Minot; previously reported -- new terminal for Minot airport planned;
  • Feel-good story on crude-by-rail
  • Previously reported: Enbridge Sandpiper Pipeline, Tioga to Superior, Wisconsin
  • Theodore Roosevelt Expressway annual meeting to be held next week; the expressway begins in Rapid City; goes through Spearfish, Belle Fourche, Bowman, Belfield, Watford City, Williston, Culberton, Plentywood, and ends at the Port of Raymond into Canada;

Eleven (11) New Permits; QEP Continues To Infill In Heart Butte; Newfield Cancels Two Permits;

Bakken Operations

Active rigs: 190 (hmmmm, surprise, surprise, back up to the "190s")

Eleven (11) new permits
  • Operators: QEP (4), BEXP (3), CLR (2), Liberty Resources, Fidelity
  • Fields: Lone Tree Lake (Williams), Stanley (Mountrail), Glass Bluff (McKenzie), Ragged Butte (McKenzie), Heart Butte (Dunn)
Comments: No OXY USA, no Newfield permit; however, Newfield has canceled two permits:
  • 20943, PNC,  Newfield, Jarrett 156-99-35-26-2H, East Fork,
  • 20945, PNC, Newfield, Sami 156-99-35-26-1H, East Fork,
Concentration of wells: to see how concentrated the wells are getting in the Heart Butte field where the four new QEP wells will be, click here

Wells coming off confidential list were reported earlier; see sidebar at the right

Producing well completed:
  • 22521, 888, XTO, Gravgaard 13-24-1H, Midway, t10/12; cum --
About twenty wells, operator was transferred from Upton Resources to Williston Exploration; permits numbers between 12078 (the oldest) to 16526) the most recent; all were in Billings County except for four in Stark County;

Petro-Hunt renewed four permits; one in Dunn County; three in Burke County

Canadian Perspective On The Keystone Following The Election

Link here to Calgary Herald.
As Canadian political and business leaders expressed optimism the proposed Keystone XL pipeline will win approval under a re-elected President Barack Obama, environmental opponents and the U.S. ambassador to Canada cautioned the energy megaproject isn’t a slam dunk.
But Obama, who earlier this year rejected TransCanada Corp.’s initial application because it needed more environmental review, has remained noncommital about the fate of the line, which would ship Alberta oilsands product to the U.S. Gulf Coast.
By the way, that reminds me, I need to post the top ten "to do" list for the EPA.