Wednesday, August 21, 2019

Global Production -- August 21, 2019


From Twitter Today: Rigs And Cushing -- August 21, 2019

Two graphics.

I do not recall any analyst, at the time, stating widely and publicly that Cushing would not reach its full capacity. A link would have been nice. Trust but verify.


Rigs don't matter ....  except to those who have not adjusted their thinking from conventional to unconventional drilling ...


Gasoline Demand -- Steady As She Goes -- August 21, 2019

Link here:


Hardly suggests a "recession right around the corner." By the way, two nights ago mainstream media clarified what "they" meant by "right around the corner." They suggested the recession is likely to be seen in early- to mid-2021. Of course, that was just one source.

Active Rigs Back Up To 64; The Amber Renee And Sophia Drake To Be Re-Entered -- August 21, 2019

Active rigs:

$55.688/21/201908/21/201808/21/201708/21/201608/21/2015
Active Rigs6461523276

Eight new permits, #36881 - 36888, inclusive)
  • Operators: Oasis (4); XTO (2); Murex (2)
  • Fields: Willow Creek, Haystack Butte, Sanish
  • Comments:
    • Oasis has permits for a 4-well Cliff Federal pad in lot 1 / section 5-152-100, Willow Creek
    • XTO has permits for 2-well Ernest Federal pad in section 19-148-97, Haystack Butte
    • Murex has permits to re-enter two wells in the Sanish, the Sophia Drake and the Amber Renee (see this post)
Five producing wells (DUCs) reported as completed:
  • 32927, 239, Sinclair, Sinclair State 5-36H, Robinson Lake, t7/19; cum --;
  • 35164, 736, Hunt Oil, Halliday 146-92-19-18H-3, Werner, t7/19; cum --;
  • 35361, 809, Hunt Oil, Halliday 146-92-19-18H-6, , Werner, t7/19; cum --;
  • 36044, 1,683, Kraken Operating, Ruffing 27-34 5H, Lone Tree Lake, t7/19; cum --;
  • 36045 1,302, Kraken Operating, Ruffing 27-34 4H, Lone Tree Lake, t7/19; cum --;

Permits To Re-Enter The Amber Renee; Drill The Sophia Drake -- August 21, 2019

I would be hard pressed to find another well that I've tracked as much as I've tracked the Amber Renee, or posted as many updates. The Amber Renee was an early well, and an incredible well. I was surprised it was taken off line. There was never any explanation. I kept it on my "things to follow up" page for years and then about two months ago finally removed it; it appeared nothing was going to happen.

Then, all of a sudden, it (and the Sophia Drake) show up today on the daily activity report (to be re-entered, #36887 and #36888).

The two wells:
  • 18408, 1,945, Murex, Amber Renee 25-36H, Sanish, t2/10; cum 822K 11/13; last full month of production, 11/13 with 7,000 bbls/month;
  • 30312, PNC, Sophia Drake 25-36H, Sanish, no indication this well was ever spud;
Offset well, less than a mile away:
  • 17263, 3,124, Murex, Chandler James 25-36H, Sanish, t10/08; cum 1.146306 million bbls 6/19; producing about 2,000 bpm as of 6/19;
Previous posts:

Here are just a few of the posts where I've mentioned or updated the Amber Renee.

Earlier notes from elsewhere in the blog regarding the Amber Renee:
And many, many more minor updates.

Now, today in the daily activity report, permits for both the Amber Renee and the Sophia Drake to be re-entered. Not yet on conf list.

Amber Renee:


Sophia Drake:


Permit to re-enter the Amber Renee: 




Permit to re-enter the Sophia Drake: 

 
Permit to drill the original Amber Renee: