API Weekly Crude Oil Inventories: A Draw Of Less Than One Million Bbls -- June 18, 2019

API:

• forecast: a moderate draw of 2.033 million bbls
• actual: a draw of only 812,000 bbls
• in the big scheme of things: no change
• false precision: forecast and actual measure to the near thousand bbls
• validation: tomorrow with the EIA data
• WTI: closes over $54 -- closing at $54.08

Link here.

Who Will Stop The Rain? -- June 18, 2019

Locator: 10010SOLAR.

For the archives. We will come back to this in 2024.

Link to iceagenow.

Too much rain.

Farmers not getting corn crop in.

What crop they are getting in, is getting in late.

More rain expected.

Corn getting in late, could be hit by early freeze this autumn.

So, we'll see. Archived and follow-up in September.

**********************************

In Addition To The Expected Long, Deep Solar Minimum ..... 

... global temperatures have been falling for quite some time now.

Link here.

US scientists at NOAA expect the cooling trend to continue through the next 11-year cycle. From
spaceweatherarchive:

 

Hess With Seven New Permits; Whiting With Three New Permits -- June 18, 2019

API:

• forecast: a moderate draw of 2.033 million bbls
• actual: a draw of only 812,000 bbls
• in the big scheme of things: no change
• false precision: forecast and actual measure to the near thousand bbls
• validation: tomorrow with the EIA data
• WTI: closes over $54 -- closing at $54.08

Giving back to the community: I'm waiting for the renewable energy sector to make similar announcements:

Active rigs:

$53.27	6/18/2019	06/18/2018	06/18/2017	06/18/2016	06/18/2015
Active Rigs	62	64	57	28	78

Ten new permits:

• Operators: Hess (7); Whiting (3)
• Fields: Manitou (Mountrail County), Glass Bluff (McKenzie)
• Comments:
• Hess has permits for a seven-well EN-Anderson pad in section 7-156-94, Manitou oil field; it appears that all seven may be "section line" wells (not sure about this, but all seven have "LE" in their legal name)
• Whiting has permits for a three-well Erickson pad in section 26-152-103, Glass Bluff oil field;

Seven permits renewed:

• Kraken (4): a Rat Lake, a Knife River, a Sikes, and a Liberty permit, all in Mountrail County
• Slawson (2): two Nightmaker permits, Mountrail County
• RimRock: a Moccasin Creek permit in Dunn County

A Group Of MRO Wells In Bailey Oil Field Taken Off Line Late Last Year Are Back On Line -- June 18, 2019

This page won't be updated.

These wells are tracked at this post; they will be updated at that post.

At the linked post above, it was noted that a number of great MRO wells in Bailey oil field were taken off-line late last year; they are now back on line and back to producing:

• 30550, 4,516, MRO, Brush ..., Bailey, t9/17; cum 255K 4/19; no jump in production;
• 29384, 1,931, MRO, Ulmer ..., Bailey, t1/16; cum 189K 4/19; no jump in production;
• 29383, 1,975, MRO, Wilhelm ..., Bailey, t1/16; cum 163K 4/19; no jump in production;
• 29382, 1,100, MRO, Ringer ..., Bailey, t2/16; cum 150K 4/19; no jump in production;
• 29381, 2,449, MRO, Trinity ..., Bailey, t2/16; cum 266K 4/19; no jump in production;
• 28704, IA/1,072, MRO, Greider ..., Bailey, t3/15; cum 111K 7/18; remains off line;
• 28459, 2,350, MRO, Otto ..., Bailey, t11/14; cum 370K 4/19; no jump in production;
• 28360, 1,118, MRO, May ..., Bailey, t12/14; cum 178K 4/19; no jump in production;
• 28358, 1,816, MRO, Reidun ..., Bailey, t12/14; cum 194K 4/19; no jump in production;
• 28111, 1,675, MRO, Susana ..., Bailey, t11/14; cum 178K 4/19; no jump in production;
• 25114, 2,417, MRO, Patrick ..., Bailey, t8/13; cum 232K 10/18; remains off line;
• 24973, 2,437, MRO, Brigner ..., Bailey, t7/13; cum 234K 10/18; just came back on line for 5 days 4/19;
• 24075, 1,371, MRO, Hansen Ranch ..., Bailey, t4/13; cum 165K 10/18; remains off line
• 23980, 576, MRO, Klay Carlson ..., Bailey, t6/13; cum 127K 1/19; remains off line;
• 22658, 1,324, MRO, Lee Christensen ... Bailey, 9/12; cum 272K 4/19; just came back on line;
• 22451, 1,504, MRO, Curtis Kerr ...., Bailey, t3/13; cum 232K 4/19; just came back on line;
• 22333. See this post. Remains off line 4/19.

Starting To See 500K Milestones -- June 18, 2019

This is the year that we will start to see many wells go over the 500K-bbl threshold.

There are dozens of "monster wells" in the Sanish oil field; here are a few examples:

• 16902, 2,192, Whiting, Lacey 11-1H, t7/08; cum 500K 4/19;
• 18711, 4,126, Whiting, Fladeland 12-10H, t7/10; cum 505K 4/19;
• 17586, 2,004, Whiting, McNamara 42-26H, t12/08; cum 527K 4/19;
• 18943, 2,169, Whiting, Locken 14-9XH, t11/10; cum 575K 4/19;
• 17917, 1,912, Whiting, Olson Federal 42-8H, t5/10; cum 600K 4/19;
• 17133, 2, 421, Whiting, Smith 11-7H, t8/08; cum 540K 4/19;