North American Shale -- Latest Edition; BTU Analytics -- January, 2019

North American Shale here: lots of articles on the Bakken, of course.

BTU Analytics: how deep does $45 oil cut in the Bakken.  Archived.

Slawson's Submariner Federal Wells In Big Bend Oil Field

Locator: 10010SUBMARINER.

Note: in a note like this, there will be content and typographical errors. If this is important to you, go to the source.

Note: except for the parent well, all the infill development wells are extended laterals; three-section laterals; with 92 to 102 stages.

The Submariner Federal wells:

• 32275, conf-->PNC, Submariner Federal 10 SLTF2H, Big Bend, no production data,
• 32271, conf-->PNC, Submariner Federal 10-23-20TF2H, Big Bend, no production data,
• 19368, 115, Slawson, Submariner Federal 1-23-24H, Van Hook, t8/11; cum 508K 10/20; nice jump in production in 5/19; and then again, 6/19; see this post; TD = 19,587 feet; a two-section lateral; 40 stages; 4 million lbs; cum 535K 10/21; cum 571K 10/24;
  
• 32274, 2,117, Slawson, Submariner Federal 2SLH, Big Bend, t6/19; cum 26K after 21 days; cum 165K 10/20; TD = 27,332 feet; 94 stages; 16.4 million lbs; cum 377K 10/21; cum 660K 10/24;
  
• ***32272, A/IA/1,927, Slawson, Submariner Federal 2-23-20H, Big Bend, t6/19; cum 28K after 18 days; cum 193K 2/20; TD = 28,186 feet; three section lateral; 102-stages; 18.1 million lbs; off line 1/20; remains off line 10/20; cum 440K 10/21; cum 716K 10/24;
  
• ***31562, 2,514, Submariner Federal 3-23-29H, Big Bend, t6/19; cum 52K in one month; cum 252K 10/20; TD=27,488 feet; three-section lateral; 96-stages; 15.22 million lbs; cum 491K 10/21; cum 675K 10/24;
  
• ***34958, 2,075, Submariner Federal 4-23-20H, Big Bend, t12/18; cum 435K 10/20; see this post; TD = 26,329 feet; three-section lateral; 92 stages; 14.4 million lbs; cum 605K 10/21; cum 899K 10/24;
  
• 31563, IA/1,137, Submariner Federal 5-23-20TFH, Big Bend, t6/19; cum 15K in 25 days; cum 103K 1/20; TD = 27,665 feet, three-section lateral; 101 stages; 16.1 million lbs; see this post; remains off line 10/20; back on line 12/20; cum 219K 10/21; recently off line; returned to production 8/24; cum 283K 1024; increase in production;
  
• ***31561, 2,175, Submariner Federal 6-23-20TFH, Big Bend, t6/19; cum 41K in 27 days; cum 139K 2/20; TD = 27,537 feet; 97 stages, 15.4 million lbs; 3-section lateral; remains off line 10/20; back on line 12/20; cum 365K 10/21; see full production profile here; cum 590K 10/24;
  
• ***32273, 797, Submariner Federal 7-23-20TFH, 97 stages; 17 million lbs; Big Bend, t6/19; cum 30K in 19 days; cum 134K 2/20; TD=27,716 feet;  3-section lateral; cum 324K 10/21; cum 608K 10/24;
  
• 31844, PNC, Submariner Federal 9-23-24TF2H, Big Bend, no production,

 The graphics, April 5, 2020:

 

The graphic, original post:

The graphic:

Wait Until Minnesotans Get Their January, 2019, Utility Bills -- Is This A Joke? Timing Is Everything, And Timing Was Atrocious -- January 31, 2019

Chevron Notes -- January 31, 2019

First, answering the two questions posed earlier:

• The definition of ophiologist? One who studies a branch of herpetology concerned with the study of snakes.
• Extra credit if you know the only movie ever to have used that word. The Lady Eve (1941).

Now, back to Chevron.

Re-posting because this is really, really cool. Some time ago I was going to post a note asking rhetorically when the US majors would start / consider building new refineries to process light oil. It looks we might have an answer to that rhetorical question I was remiss in posting. Re-posting from earlier today:

CVX: will buy Brazilian refinery along US coast; will pay $350 million for the Petrobras refinery

Chevron will acquire all the outstanding shares and equity interests of Pasadena Refining System, which includes the Texas refinery with 110,000 b/d of nameplate capacity and associated trading arm PRSI.

The deal is expected to close by June 2019.

"This expansion of our Gulf Coast refining system enables Chevron to process more domestic light crude, supply a portion of our retail market in Texas and Louisiana with Chevron-produced products, and realize synergies through coordination with our refinery in Pascagoula," said Pierre Breber, Executive Vice President of Chevron Downstream and Chemicals.

In February 2018, Petrobras launched the sale of Pasadena along with associated crude and products storage of 5.1mn bl and maritime terminal, logistics and inventory. An adjacent 143 acres that is also part of the Pasadena package could be used to build additional processing units, terminalling or storage capacity.

Speaking of Chevron, quick! How long has Chevron been in the Permian? I thought I posted this story earlier. I may have; I can't find it now. If I did not post the story it was because I thought it was another "ho-hum" story. In the big scheme of things it is, I suppose, but the factoid about how long Chevron has been in the Permian is mind-blowing. At the linked article:

Unlike many oil and gas firms who had given up some of their acreage in the Permian before the shale revolution, supermajor Chevron and its legacy companies have been sticking with the huge acreage position in the basin since the early 1920s.

Ms Paraskova references Chevron at this link. I think that's' amazing -- discovering the Permian one hundred years ago and holding on to it all these years. Simply amazing.

January 31, 2019, T+29, Day 6 Of Open Border Negotiations

Notes from all over except the Bakken.

Fool me once, shame on you. Fool me twice, shame on me. First, and this is quite amazing. First of all, it was not fake news as Scott Adams says it was. In fact, the governor of Virginia double-downed on his support for infanticide / fourth-trimester abortions. A Virginia co-sponsor of the bill the bill says she had not read the bill when she signed on as a co-sponsor, did not know it went that far, and how "taken back" her support. Sounds like the ObamaCare bill when we were told we would know what was in it once it was passed. I guess voters are getting a tad smarter. No link. Story easily found.

Last one out turn out the lights. And just leave the bill on the table. I can't make this up. The new  Connecticut governor now proposes taxing groceries and prescription drugs. Considering the high price of the latter, if his proposal passes, it should be more than enough to balance the Connecticut budget and leave room for cutting taxes on yachts. No link. Story easily found.

Alexa: I never knew Slim Whitman had so many songs. About two hours ago, I asked Alexa to play "Slim Whitman." Now, almost two hours later, Alexa continues to play Slim Whitman and to the best of my knowledge, none have been repeated, and I have not even heard some I know that are yet to be played.

From wiki:

In 1955, "Rose Marie" was a hit for the American country singer Slim Whitman.

Produced by Lew Chudd, of Imperial Records. Whitman's recording of the song spent 11 weeks at number one in the UK Singles Chart - setting a record which was not beaten until 1991, when Bryan Adams spent 16 weeks at the top of that chart with "(Everything I Do) I Do It for You". The previous year, in the US, Whitman had peaked at number five on the Best Sellers in Stores chart.

Comment: unsaid -- by 1991, the Beatles were "history," which means that Slim Whitman's "Rose Marie" beat every Beatles song for longevity as #1 on UK Singles Chart.

Watch at our own risk.

Slim Whitman, mix  

A whistler, too.  I knew he could yodel. I did not know he could whistle.