Gasoline Demand -- On Glide Path To Set US Record This Summer? -- March 30, 2016

I still get a kick out of the Gartman post from yesterday in which Gartman suggested that the greatest "threat" to Big Oil was Uber. There is no question that Uber is the poster child -- or at least one of the poster children -- for disruptive technology. I completely missed how big, how disruptive this concept would become. But it has become huge. It is said that Uber has accounted for one billion miles of automobile driving at this point.

I can see where Gartman is coming from, I suppose. If people start sharing rides, less gasoline will be used. So maybe he's correct. But his statement that millennials don't see the need for automobiles is insane. In fact, the millennials are using Uber automobiles.

One wonders if the biggest casualty because of Uber might not be light rail. Uber is most efficient in the very areas where light rail is also most efficient: high-density urban settings. But Uber to light rail is like CBR to pipelines. Uber and CBR are both flexible and scalable. Light rail is anything but flexible or scalable.

Folks using Uber will help cut gasoline consumption, I suppose, if one argues that the rider/passenger would have otherwise taken his own gasoline-consuming automobile. However, if the rider/passenger would have otherwise taken light rail, then the gasoline-consumption issue is a wash, but the light rail is impacted.

One could also argue that as Uber becomes more mainstream, there will be more Uber drivers, and even more incentive for folks to take Uber rather than light rail.

One wonders if there might also be a slight impact on road tolls, but that's quite a stretch.

I'm still looking for US gasoline demand to hit an all-time record this summer. I wouldn't bet the farm on 10 million bbls of gasoline/day but it could be close.

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

Gasoline Demand -- A Record-Setting Summer?

From an earlier post:

Back on , January 19, 2015, I wrote:

Has the US ever gone over 9.5 million bpd gasoline demand? Yes, starting back in 2003 there were many periods in which demand for gasoline in the US fluctuated around 9.5 million bopd.

• fourth week in August, 2003: 9.668 bpd
• second week in August, 2004: 9.521 bpd
• third week in August, 2005: 9.471
• first week in August, 2006: 9.697
• third week in August, 2007: 9.762
• the last week of August, 2014: 9.480 million bpd

I am unaware of any weekly period in which gasoline demand went over 9.5 million bpd over the Memorial Day Weekend, but it certainly looks like we could do that later this spring. 

Wow, that was back on January 15, 2015, when I wrote that. How did we do? We won't know for another week, but we went over 9.7 million bopd in the most recent reporting week.

I think that's an all-time record for the fourth week in May; if not an all-time record for the fourth week in May, awfully close.

So, back in January, I predicted that we would go over 9.5 million bpd this past Memorial Day weekend which would be a record. We won't know for another week or so, but at 9,734,000 bbls / day last week, that came close to hitting an all-time record. I think the record is 9,762,000 bbls / day, set in the third week of August, 2007.

Note the chart below: gasoline consumption up 5.0% year-over year.

9,762,000 x 1.05 = 10,250,100 -- so, we'll see.

Less Expensive To Drill; Gasoline Supply / Demand Starting To Narrow -- March 30, 2016

EIA:

The profitability of oil and natural gas development activity depends on both the prices realized by producers and the cost and productivity of newly developed wells.

Costs per well generally increased from 2006 to 2012, demonstrating the effect of rapid growth in drilling activity.

Since 2012, costs per well have decreased because of reduced overall drilling activity and improved drilling efficiency and tools. Changes in costs and well parameters, such as the need to drill deeper or longer lateral wells, have affected the onshore oil plays differently in 2015, with recent per-well costs ranging from 7% to 22% below 2014 levels. --- EIA 

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

Gasoline Demand

Starting to see supply/demand narrow, from John Kemp:

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

Silly Rabbit -- I Thought This Project Was Dead

The Boston Globe is reporting:

The Cape Wind energy project suffered another big blow on Tuesday when a state agency recommended that the developer’s request to extend its permit for two power lines for the proposed offshore wind farm be denied.

A spokesman for Cape Wind Associates noted that this represents the Energy Facilities Siting Board staff’s “tentative decision” and that the board is scheduled to act on that recommendation next week.

Cape Wind had sought to extend a permit for the proposed power lines for two additional years, through May 1, 2017. Cape Wind, which wants to build as many as 130 wind turbines in Nantucket Sound, filed its extension request just weeks before its permit was set to expire last May.

On Tuesday, the board’s presiding officer wrote that Cape Wind Associates has not been able to demonstrate that it will be able to start construction on the project by mid-2017. In particular, the likelihood of project construction has seemed more distant since the developer lost two key contracts with National Grid and Eversource Energy in early 2015. 

At some point, one has to ask: what's driving this Quixotic windmill project. To say the least, something is very, very peculiar.

Misfiled File Report: #22217 File Report Misfiled Among #20491 File -- March 30, 2016

Going to the well file report for #20491, CLR's Charleston 1-22H, in Brooklyn oil field, brings us to the file report for that well to include such data as:

• Spud date: April 7, 2011
• TD: May 13, 2011
• the first well to target the Three Forks formation in this township
• surface site: 330' FSL, 1080' FWL 22-155-98

Then starting on page 46 of this 161-page file report, inexplicably, #22217, CLR's Barmoen 1-18H, geologist's report is filed. This is a completely different well in a completely different area in North Dakota. The report appears to go through page 67 of the file report.

Starting on page 68, we are back to #20491, the Charleston well. The geologist's report is filed again (a duplicate from above). The rest of the file appears to be #20491 (the correct file).

When one goes to the file report for #22217, the Barmoen well, it has the planning report and the permit, but the file report is missing. It appears to be misfiled among the pages of the Charleston well (#20491).

At least I think that is what I'm seeing.

New Wells Reporting -- 2Q16

Data for 1Q16: 1Q16

Data for 4Q15: 4Q15

Data for 3Q15: 3Q15

Data for 2Q15: 2Q15

Data for 1Q15: 1Q15
Data for 4Q14: 4Q14

Data for 3Q14: 3Q14
Data for 2Q14: 2Q14

Data for 1Q14: 1Q14

Data for 4Q13: 4Q13

Data for 3Q13: 3Q13

Data for 2Q13: 2Q13

Data for 1Q13: 1Q13

Data for 4Q12: 4Q12

Data for 3Q12: 3Q12

Data for 2Q12: 2Q12

  Data for 1Q12: 1Q12   

Data for 4Q11: 4Q11 

Data for 3Q11: 3Q11 

Data for 2Q11: 2Q11 

 Data for 1Q11: 1Q11  

 Data for 2H10: 2H10 

Through 1H10: 1H10

Data for 2Q16 will start to be added here on April 1, 2016. Current data, 1Q16, is here.

Thursday, June 30, 2016: 152 for the month; 252 for this quarter

• 30281, 3,487, BR, Merton 21-15MBH, North Fork, 26 stages; 5.2 million lbs, t9/16; cum 320K 7/18; cum 422K 12/21; off line 1/22;
• 32003, 2,640, BR, CCU Zephyr 34-34 TFH, Corral Creek, t2/17; cum 265K 7/18; cum 347K 2/22;
• 31330, 527, Oasis, Johnsrud 5198 12-18 7B, Siverston, 36 stages, 4 million lbs; t6/16; cum 214K 7/18; cum 256K 2/22;
• 31331, 648, Oasis, Johnsrud 5198 12-18 8T2, Siverston, Three Forks Second Bench, 36 stages, 4 million lbs, t6/16; cum 171K 7/18; cum 191K 4/20; offline;

Wednesday, June 29, 2016: 148 for the month; 248 for this quarter

• 30835, 408, XTO, TAT State Federal 14X-36H, Bear Creek, Three Forks, 49 stages, 11 million lbs, t10/16; cum 206K 7/18; cum 436K 2/22;

Tuesday, June 28, 2016: 147 for the month; 247 for this quarter

• 30282, 2,806, BR, Jerome 21-15MBH, North Fork, 4 sections, 27 stages, 5 million lbs, t9/16; cum 239K 7/18; cum 328K 2/22;

Monday, June 27, 2016: 146 for the month; 246 for this quarter

• 29514, 569, Liberty Resources, ND State 158-95-21-28-4TFH, McGregor, 50 stages, 4.4 million lbs; t1/16; cum 187K 7/18; cum 232K 2/22, but came off line, 2/22;

Sunday, June 26, 2016: 145 for the month; 245 for this quarter

• None.

Saturday, June 25, 2016: 145 for the month; 245 for this quarter

• 25202, 1,536, BR, Jerome 21-15TFH 3SH, North Fork, Three Forks, 4 sections, 22 stages; 10 million lbs, t9/16; cum 263K 7/18; cum 430K 2/22;

Friday, June 22, 2016: 144 for the month; 244 for this quarter

• 32392, 598, Statoil, Jack 21-16 5TFH-R, East Fork, Three Forks, 49 stages; 5.9 million lbs, t12/16; cum 177K 2/22;

Thursday, June 22, 2016: 143 for the month; 243 for this quarter

• 25201, 3,360, BR, Merton 21-15TFH 3NH, North Fork, 4 sections, Three Forks, 27 stages, 12 million lbs, t8/16; cum 114K 2/17; cum 432K 2/22;
• 29516, 379, Liberty Resources, ND State 158-95-21-28-3TFH, McGregor, 4 sections, 50 stages, 4.5 million lbs, t1/16; cum 33K 4/16; cum 89K 2/22; but sporadic;

Wednesday, June 22, 2016: 141 for the month; 241 for this quarter

• 29571, 1,471, HRC, Fort Berthold 148-94-33D-28-6H, McGregory Buttes, 30 stages, 4.5 million lbs, t12/15; cum 36K 4/16; cum 178K 2/22;
• 31072, 1,582, Enerplus Resources, Tackle 149-95-36C-25H TF, Eagle Nest, t10/19; cum 109K 2/17; cum 419K 2/22;
• 31933, 1,155, Hess, HA-Grimestad-LW-152-95-3031H-1, Clear Creek, 4 sections, Three Forks, 50 stages, 3.5 million lbs, t7/16; cum 129K 2/17; cum 282K 2/22;

Tuesday, June 21, 2016:138 for the month; 238 for this quarter

• 25200, 1,776, BR, Jerome 21-15MBH 2SH, North Fork, 4 sections, 24 stages, 4.7 million lbs, t8/16; cum 95K 2/17; cum 551K 2/22;
• 31932, 1,233, Hess, HA-Grimestad-152-95-3031H-6, Hawkeye, t7/16; cum 134K 7/18; cum 182K 2/22;

Monday, June 20, 2016:136 for the month; 236 for this quarter
26902, 510, Petro-Hunt, Marinenko 145-97-30B-31-3H,  Little Knife, t7/16; cum 136K 7/18; cum 224K 2/22;
29515, 534, Liberty Resources, ND State 158-95-21-28-3MBH, McGregor, 50 stages, 4.6 million lbs, t1/16; cum 58K 4/16; only 25 days in 4/16; choked way back?
31071, 2,200, Enerplus, Bait 149-95-36C-25H, Eagle Nest, t10/16; cum 315K 7/18; cum 481K 2/22;
31931, 1,343, Hess, HA-Grimestad-152-95-3031H-5, Hawkeye, t7/16; cum 175K 7/18;

Sunday, June 19, 2016:132 for the month; 232 for this quarter
25199, 2,928, BR, Merton 21-15MBH 2NH, North Fork, t8/16; cum 378K 7/18; cum 653K 2/22;
31930, 630, Hess, HA-Grimestad-152-95-3031H-4, Hawkeye, t7/16; cum 154K 7/18;
32076, PNC, BR, CCU Badger 1-3-14TFH, Corral Creek, no production data,

Saturday, June 18, 2016:129 for the month; 229 for this quarter
32230, A, Denbury Onshore, CHSU 43A-21NH 15, Cedar Hills, a Red River B well,
32341, 998, Enerplus Resources, Quillfish 149-95-36C-25H-TF-LLW, Eagle Nest, t10/16; cum 271K 7/18; cum 404K 2/22;

Friday, June 17, 2016: 127 for the month; 227 for this quarter
31996, 943, Hess, CA-Stangeland-155-95-2128H-8, Capa, t8/17; cum 65K 7/18;
32077, PNC, BR, CCU Badger 2-3-14MBH, Corral Creek, no production data, 
32177, 623, XTO, Tobacco Garden 31X-29D, Tobacco Garden, t8/16; cum 225K 7/18;


Thursday, June 16, 2016: 124 for the month; 224 for this quarter
31997, 332, Hess, CA-Stangeland-155-95-2128H-9, Capa, t7/17; cum 142K 7/18;
32078, PNC, BR, CCU Badger 2-3-14TFH, Corral Creek, no production data,
32236, TA, Petro-hunt/SM Energy, William 4B-28HN, Ambrose, no production data, still TA, 2/22;

Wednesday, June 14, 2016: 121 for the month; 221 for this quarter
31898, 1,003, XTO, JMB 14X-15B, Capa, t11/17; cum 162K 7/18;
31998, 971, Hess, CA-Stangeland-155-95-2128H-10, Clear Creek, t8/17; cum 88K 7/18;
32176, A, XTO, Tobacco Garden 31X-29CXD, Tobacco Garden, t--; cum 233K 7/18;
32260, 507, Statoil, Enderud 9-4 7TFH, Banks, t8/18; cum --

Tuesday, June 13, 2016: 121 for the month; 221 for this quarter
31897, 582, XTO, JMB 14X-15E, Capa, t9/17; cum 54K 7/18;
32079, PNC, BR, CCU Badger 3-3-14 MBH, Corral Creek, no production data,
32175, 1,090, XTO, Tobacco Garden 31X-29C, Tobacco Garden, t7/16; cum 176K 7/18;
32237, TA, Petro-Hunt/SM Energy, Bella 4B-28HS, Ambrose, no production data,
32270, 1,392, Statoil, Enderud 9-4 3TFH, Banks, t8/18; cum 186K 1/20; 44 stages; 8.6 million lbs;
32342, 306, Hess, BL-Davidson-156-96-3526H-7, Beaver Lodge, a Devonian well (Three Forks), 50 stages, 3.5  millions lbs, t4/16; cum 92K 7/18; 

Monday, June 13, 2016: 115 for the month; 215 for this quarter
24090, TATD, Statoil, Sax 25-36F 8TFH, Banks, t--; cum 46K in four months:
30426, 1,206, Hess, HA-Sanford-LW-152-96-1819H-1, Westberg, t8/16; cum 211K 7/18;
31896, 1,531, XTO, JMB 14X-15A, Capa, t11/17; cum 200K 7/18;

Sunday, June 12, 2016: 112 for the month; 212 for this quarter
30425, 836, Hess, HA-Sanford-152-96-1819H-10, Westberg, t8/16; cum 95K 7/18;
31895, 1,433, XTO, JMB 14X-15EXH, Capa, t11/17; cum 52K 7/18;

Saturday, June 11, 2016: 110 for the month; 210 for this quarter
24089, TATD, Statoil, Sax 25-36F 7H, Banks, t--; cum 64K in four months;
30424, 926, Hess, HA-Sanford-152-96-1819H-9, Westberg, t8/16; cum 137K 7/18;
31795, 2,218, Whiting, Chameleon State 21-16-1H, Banks, 35 stages, 7.3 million lbs, t12/15; cum 114K 4/16;
31796, 2,186, Whiting, Chameleon State 21-16-1TFH, Banks, 35 stages, 7.3 million lbs, t12/15; cum 65K 4/16;
31797, 1,467, Whiting, Chameleon State 21-16-2H, Banks, 35 stages, 7.3 million lbs, t12/15; cum 117K 4/16;
31894, 1.420, XTO, JMB 14X-15AXD, Capa, t11/17; cum 177K 7/18;

Friday, June 10, 2016: 104 for the month; 204 for this quarter
30423, 932, Hess, HA-Sanford-152-96-1819H-8, Westberg, t8/16; cum 97K 7/18;
30773, 477, XTO, FBIR Grinnell 34X-33A, Heart Butte, t2/17; cum 91K 7/18;
30853, 1,452, Whiting, Ronna 21-4TFH,  Stockyard Creek, t1/16; cum 66K 4/16;

Thursday, June 9, 2016: 101 for the month; 201 for this quarter
30422, 1,279, Hess, HA-Sanford-152-96-1819H-7, Westberg, t8/16; cum 192K 7/18;
30772, 634, XTO, FBIR Grinnell 34X-33E, Heart Butte, t2/17; cum 65K 7/18;

Wednesday, June 8, 2016: 99 for the month; 199 for this quarter
30771, 403, XTO, FBIR Grinnell 34X-33B, Heart Butte, t2/17; cum 81K 7/18;
30852, 2,954, Whiting, Connie 21-4H, Stockyard Creek, total middle Bakken pay zone thickness estimated at 45 feet; a trip gas of 3,475 units with a 6 - 8 foot flare, 37 stages, 6.6 million lbs; t12/15; cum 137K 4/16;
30892, 1,390, Oasis, Andersmadson 5201 43-24 7B, Camp, 36 stages, 4.1 million lbs, t2/16; cum 51K after 42 days;
30893, 984, Oasis, Andersmadson 5201 43-24 8T, Camp, 36 stages, 4.1 million lbs, t2/16; cum 22K after 52 days;
30894, 1,668, Oasis, Andersmadson 5201 43-24 9B, Camp, 36 stages, 4.1 million lsb, t2/16; cum 48K after 2 months;
30895, 869, Oasis, Andersmadson 5201 43-24 10T, Camp, t3/16; cum 15K after 42 days;
31053, 606, Oasis, Andersmadson 5201 42-24 3B, Camp, 36 stages, 4.1 million lbs, t1/16; cum 48K 4/16;
31054, 1,341, Oasis, Andersmadson 5201 42-24 4T, Camp, t1/16; cum 38K 4/16 but only about 20 days/month;
31055, 1,941, Oasis, Andersmadson 5201 42-24 5B, Camp, t1/16; cum 77K 4/16;
31056, 1,259, Oasis, Andersmadson 5201 42-24 6T, Camp, t1/16; cum 45K 4/16;

Tuesday, June 7, 2016: 89 for the month; 189 for this quarter
30421, 1,060, Hess, HA-Sanford-152-96-1819H-6, Westberg, t7/16; cum 164K 7/18;
30846, 3,017, Whiting, P Lynch 155-99-14-33-28-2H, Epping, t12/15; cum 111K 4/16;
30848, 2,249, Whiting, P Lynch 155-99-14-33-28-3H, Epping, t12/15; cum 126K 4/16;
30850, 2,015, Whiting, Marty 31-4H, Stockyard Creek, t12/15; cum 104K 4/16;
31078, 1,901, HRC, Fort Berthold 147-94-2B-11-8H, McGregory Buttes, t12/15; cum 122K 4/16;
Monday, June 6, 2016: 84 for the month; 184 for this quarter
31077, 1,910, HRC, Fort Berthold 147-94-2B-11-7H, McGregory Buttes, 33 stages, 9.8 million lbs, t12/15; cum 75K 4/16; 

Sunday, June 5, 2016: 83 for the month; 183 for this quarter

• None.

Saturday, June 4, 2016: 83 for the month; 183 for this quarter
31656, 1,167, Hess, BB-Budahn-150-95-0506H-6, Blue Buttes, t5/16; cum 219K 7/18;

Friday, June 3, 2016: 82 for the month; 182 for this quarter
31657, 1,532, Hess, BB-Budahn 150-95-0506H-7, Blue Buttes, t5/16; cum 265K 7/18;
32204, TA, Petro-Hunt/SM Energy, Bison 2B-28HN, Ambrose, no production data,

Thursday, June 2, 2016: 80 for the month; 180 for this quarter
32200, 1,297, Hess, BB-Budahn-LS-150-95-0506H-1, Blue Buttes, t5/16; cum 236K 7/18;
31076, 2,237, HRC, Fort Berthold 147-94-2B-11-6H, McGregory Buttes, t12/15; cum 109K 4/16;

Wednesday, June 1, 2016: 78 for the month; 178 for this quarter
25620, PNC, WPX. Mandan 13-14HY, Reunion Bay,
25621, PNC, WPX. Mandan 13-14HX, Reunion Bay,
25622, PNC, WPX. Mandan 13-14HB, Reunion Bay,
25623, PNC, WPX. Mandan 13-14HW, Reunion Bay,
32203, TA, Petro-Hunt/SM Energy, Bobcat 2-28HN, Ambrose, no production data,

Tuesday, May 31, 2016: 77 for the month; 177 for this quarter
None. November was six months ago and there is no "31st" day in November.

Monday, May 30, 2016: 77 for the month; 177 for this quarter
30709, 991, QEP, State 8-25-24BH, Spotted Horn, 4 sections, t2/16; cum 14K 3/16; only 23 days in 3/16;
30710, 139, QEP, State 4-25-24T2H, Spotted Horn, 4 sections, t2/16; cum --
30711, 670, QEP, Stte 9-25-24BH, Spotted Horn, 4 sections, t2/16; cum --
30712, 817, QEP, State 5-25-24TH, Spotted Horn, 4 sections, t2/16; cum --
30904, 2,024, QEP, State 5-36-1TH, Spotted Horn, 4 sections, t2/16; cum 32K 3/16;
30905, 2,385, QEP, State 9-36-1BH, Spotted Horn, 4 sections, t3/16; cum 27K in 31 days;
32202, TA, Petro-Hunt/SM Energy, Antelope 2B-28HS, Ambrose, no production data,

Sunday, May 29, 2016: 70 for the month; 170 for this quarter
31080, 2,088, HRC, Fort Berthold 147-94-2B-11-9H, McGregory Buttes, t12/15; cum 63K 4/16;
32223, 905, Hess, EN-Uran A-LE-154-93-2215H-1, Robinson Lake, t5/16; cum 135K 7/18;
32289, 2,491, Statoil, Cheryl 17-20 1H-R, Banks, t11/16; cum 168K 7/18;

Saturday, May 28, 2016: 67 for the month; 167 for this quarter
None.

Friday, May 27, 2016: 67 for the month; 167 for this quarter
26903, 516, Petro-Hunt, Marinenko 145-97-30B-31-5H, Little Knife, t7/16; cum 125K 7/18;
32225, 626, Hess, EN-Uran A-LE-154-93-2214-2, Robinson Lake, t5/16; cum 91K 7/18;

Thursday: 65 for the month; 165 for this quarter
32224, 1,100, Hess, EN-Ruud-LE-154-93-2735H-2, Robinson Lake, t6/16; cum 140K 7/18;

Wednesday: 64 for the month; 164 for this quarter
None.

Tuesday, May 24, 2016: 64 for the month; 164 for this quarter
31223, 1,474, XTO, Harley Federal 24X-15F, Sand Creek, t10/16; cum 135K 7/18;
31837, 1,558, XTO, Lund 21X-17AXD, Sand Creek,t12/17; cum 112K 7/18;
32226, 765, Hess, EN-Ruud-LE-154-93-2734H-1, Robinson Lake, t6/16; cum 109K 7/18; 

Monday, May 23, 2016: 61 for the month; 161 for this quarter
31224, 1,242, XTO, Harley Federal 24-15B, Sand Creek, t11/16; cum 145K 7/18;
31785, 995, XTO, Lund 21X-17E, Siverston, t12/17; cum 54K 7/18;

Sunday, May 22, 2016: 59 for the month; 159 for this quarter
31199, 1,838, XTO, Kaye Federal 13X-3H, Lost Bridge, t5/16; cum 130K 7/18;
31786, 1,826, XTO, Lund 21X-17A, Siverston, t12/17; cum 97K 7/18;

Saturday, May 21, 2016: 57 for the month; 157 for this quarter
31200, 1,139, XTO, Kaye Federal 13X-3D, Lost Bridge, t6/17; cum 33K 7/18;
31225, 444, XTO, Harley Federal 24X-15E, Sand Creek, t12/16; cum 139K 7/18;

Friday, May 20, 2016: 55 for the month; 155 for this quarter
31787, 1,528, XTO, Lund 21X-17F,  Siverston, t12/17; cum 77K 7/18;

Thursday, May 19, 2016: 54 for the month; 154 for this quarter
27685, 872, Oasis, Logan 5601 11-26 8T, Tyrone, t11/15; cum 43K 3/16;
27689, 1,325, Oasis, Logan 5601 13-26 4T, Tyrone, t11/15; cum 63K 3/16;
29042, 914, Oasis, McCauley Logan 5601 11-26 6T29, Tyrone, t12/15; cum 40K 3/16;
29133, 918, Hess, BW-Erler-LE-149-99-1522H-1, Cherry Creek, t5/16; cum 150K 7/18;
31201, 1,505, XTO, Kaye Federal 13X-3G, Lost Bridge, t6/17; cum 123K 7/18;
31226, 1,509, XTO, Harley Federal 24X-15A, Sand Creek, t1/17; cum 185K 7/18; 
31788, 1,401, XTO, Lund 21X-17B, Siverston, t12/17; cum 136K 7/18; 
31881, 1,600, CLR, Corsican Federal 8-15H2, Sanish, t7/17; cum 259K 7/18;

Wednesday, May 18, 2016: 46 for the month; 146 for this quarter
None.

Tuesday, May 17, 2016: 46 for the month; 146 for this quarter
24963, 1,936, Enerplus, Banjo 149-94-02B-01H- TF, Mandaree, t11/15; cum 124K 3/16;
29132, 863, Hess, BW-Erler-149-99-1522H-5, Cherry Creek, t5/16; cum 170K 7/18;
30622, 310, Crescent Point Energy, CPEUSC Aldag 4-36-35-164N-100W, West Ambrose, 4 sections, t1/16; cum 197K 7/18;
31202, 1,083, XTO, Kaye Federal 13X-3C,  Lost Bridge, t6/17; cum 132K 7/18;
31880, 1,276, CRL, Corsican Federal 7-15H, Sanish, t7/17; cum 141K 7/18;

Monday, May 16, 2016: 41 for the month; 141 for this quarter
31879, 1,460, CLR, Corsican Federal 6-15H1, Sanish, t7/17; cum 187K 7/18;

Sunday, May 15, 2016: 40 for the month; 140 for this quarter
29131, 876, Hess, BW-Erler-149-99-1522H-4, Cherry Creek, t41/6; cum --
31878, 972, CLR, Corsican Federal 5-15H, Sanish, t7/17; cum 174K 7/18;
32037, 2,981, Newfield, Skaar Federal 153-96-30-4H, Sand Creek, t2/16; cum 54K after 41 days;

Saturday, May 14, 2016: 37 for the month; 137 for this quarter
32038, 2,202, Newfield, Skaar Federal 153-96-30-3H, Sand Creek, t2/16; cum 54K after 44 days;
Friday, May 13, 2016: 36 for the month; 136 for this quarter
24962, 1,957, Enerplus, Grassy Knoll 2-11H, Mandaree, t11/15; ucm 127K 3/15;
26362, 1,215, MHA 6-28-29H-148-92, Heart Butte, t7/16; cum 127K 7/18;
30970, 1,283, BR, Gudmunson 4-1-26TFH, Elidah, t12/16; cum 194K 7/18; 
31060, 3,473, MRO, Heather USA 13-35TFH, Antelope, t5/16; cum 326K 7/18;
31877, 727, CRL, Corsican Federal 4-15H2, Sanish, t7/17; cum 186K 7/18;
32039, 2,308, Newfield, Skaar Federal 153-96-30-2H, Sand Creek, t2/16; cum 50K after 46 days

Thursday, May 12, 2016: 30 for the month; 130 for this quarter
26363, 1,260, QEP, MHA 8-28-29H-148-92, Heart Butte, t7/16; cum 130K 7/18;
30971, 1,042, BR, Gudmunson 3-1-26MBH, Elidah, t12/16; cum 250K 7/18; cum 289K 2/22;
31023, 1,647, Whiting, P Berger 156-100-14-7-19-13H, East Fork, t11/15; cum 101K 3/16;
31025, 1,832, Whiting, P Berger 156-100-14-7-19-14H, East Fork, t11/15; cum 84K 3/16;
31061, 2,942, MRO, Juanita USA 13-35H, Antelope, t7/16; cum 384K 7/18;
31876, 1,556, CLR, Corsican Federal 3-15H, Sanish, t6/17; cum 279K 1/20;
32040, 2,347, Newfield, Skaar Federal 153-96-30-1H, Sand Creek, t2/16; cum 42K after 46 days;

Wednesday, May 11, 2016: 23 for the month; 123 for this quarter
24046, 1,661, Petro-Hunt, State 154-94-31C-32-2H, Charlson, t1/16; cum 42K 3/16;
31875, 777, CLR, Corsican Federal 2-15H1, Sanish, t6/17; cum 205K 7/18;
32041, 1,229, Newfield, Skaar Federal 153-96-30-5HLW, Sand Creek, t2/16; cum 36K after 46 days

Tuesday, May 10, 2016: 20 for the month; 120 for this quarter
30972, 1,964, BR, Gudmunson 1-1-26MBH, Elidah, t12/16; cum 188K 7/18;
31059, TA, MRO, Ethel USA 13-35TFH-2B, Antelope, no production data,

Monday, May 9, 2016: 18 for the month; 118 for this quarter
30973, 2,325, BR, Gudmuri 1-1-26TFH-ULW, Elidah, t12/16; cu 224K 7/18;
31058, 3,661, MRO, Clarks Creek USA 14-35H, Antelope, t5/16; cum 344K 7/18; (50K well)
31874, 1,561, CLR, Corsican Federal 1-15H, Sanish, t8/16; cum 297K 7/18;

Sunday, May 8, 2016: 15 for the month; 115 for this quarter
31057, 3,490, MRO, Charmaine USA 14-35TFH, Antelope, t6/16; cum 393K 7/18; (50K well)

Saturday, May 7, 2016: 14 for the month; 114 for this quarter
None

Friday, May 6, 2016: 14 for the month; 114 for this quarter
29413, 2,705, Whiting, P Berger 156-100-14-7-6-4H, East Forks, t11/5; cum 102K 3/16;
29414, 2,399, Whiting, P Berger 156-100-14-7-6-4H3, East Forks, t11/15; cum 91K 3/16;
29416, 1,374, Whiting, P Berger 156-100-14-7-6-3H, East Forks, t11/15; cum 84K 3/16;

Thursday, May 5, 2016: 11 for the month; 111 for this quarter
30686, 747, XTO, Rink 12X-4D, Garden, t5/17; cum 135K 7/18;

Wednesday, May 4, 2016: 10 for the month; 110 for this quarter
29735, 2,506, WPX, Wells 32-29HZ, Reunion Bay, t10/16; cum 269K 7/18;
30574, 587, XTO, Rink 12X-4H, Garden, t5/17; cum 145K 7/18;
31598, 336, Hess, EN-Cvancara-155-93-1522H-6, Alger, t5/16; cum 8K after 29 days;

Tuesday, May 3, 2016: 7 for the month; 107 for this quarter
None.

Monday, May 2, 2016: 7 for the month; 107 for this quarter
30573, 1,040, XTO, Rink 12X-4C,  Garden, t5/17; cum 168K 7/18
31599, 466, Hess, EN-Cvancara-155-93-1522H-5, Alger, t5/16; cum 64K 7/18;

Sunday, May 1, 2016: 5 for the month; 105 for this quarter
29736, 2,375, WPX, Wells 32-29HD, Reunion Bay, t10/16; cum 328K 7/18;
29737, 2,248, WPX, Wells 32-29HY,  Reunion Bay, no t10/16; cum 164K 7/18;
31600, 1,388, Hess, EN-Cvancara-LE-155-93-1522H-1, Alger, t5/16; cum 29K after 31 days;
32121, 901, EOG, Austin 437-2635H, Parshall, t51/6; cum 23K after 30 days;
32122, 601, EOG, Austin 436-2635H, Parshall, t5/16; cum 1K after 2 days;

Saturday, April 30, 2016: 100 for the month; 100 for this quarter
32049, 277, SM Energy, Hay Farms 14B-20HN, Skabo, t5/16; cum 8K after 47 days;
32096, 888, Hess, EN-Cvancara-LE-155-93-1523H-2, Alger, t5/16; cum 23K after 26 days

Friday, April 29, 2016: 98 for the month; 98 for this quarter
31949, 463, Petro-Hunt, Glovatsky 145-98-24D-13-1HS, Little Knife, t7/16; cum 164K 7/18;
32120, 871, EOG, Austin 438-2635H, Parshall, t5/16; cum 128K 7/18;


Thursday, April 28, 2016: 96 for the month; 96 for this quarter
18664, 746, Whiting, Eide 5-13H, Truax, t81/10; cum 230K 2/16;
30951, PA, EOG, Van Hook 70-1411H,


Wednesday, April 27, 2016: 94 for the month; 94 for this quarter 
31556, 319, Hess, HA-Chapin-152-95-2932H-6, Hawkeye, t3/16; cum 147K 7/18;

Tuesday, April 26, 2016: 93 for the month; 93 for this quarter
30770, 494, XTO, FBIR Grinnell 34X-33F, Heart Butte, t2/17; cum 60K 7/18;,
31513, 371, SM Energy, Larson Federal 15-34H, West Ambrose, t3/16; cum --

Monday, April 25, 2016: 91 for the month; 91 for this quarter
30769, 531, XTO, FBIR Grinnell 34X-33G, Heart Butte, t7/18; cum 48K 7/18;
31097, 127, Crescent Point Energy, CPEC Elgaard 2-31-32-164N-100W, Colgan, t1/16; cum 12K7/18;
31557, 1,275, Hess, HA-Chapin-152-95-2932H-7, Hawkeye, t3/16; cum 332K 7/18;

Sunday, April 24, 2016: 88 for the month; 88 for this quarter
21111, 1,427, Enerplus, Anna G. Baker 6B-7-2H TF, Moccasin Creek, t6/16; cum --
30768, 612, XTO, FBIR Grinnell 34X-33D, Heart Butte, t1/17; cu 69K 7/18;
31558, 1,432, Hess, HA-Chapin-152-95-2932H-8, Hawkeye, t3/16; cum --
31679, 472, SM Energy, Mo Farms 15-21HS, Musta, t5/16; cum 5K after 20 days;

Saturday, April 23, 2016: 84 for the month; 84 for this quarter
31314, TATD, Sinclair, Porcupine 2-19H, Little Knife, no production data,
31559, 572, Hess, HA-Chapin-152-95-2932H-9, Hawkeye, t3/16; cum --
31934, 2,245, BR, CCU Atlantic Express 41-30MBH, Corral Creek, t2/16; cum 7K after 13 days;

Friday, April 22, 2016: 81 for the month; 81 for this quarter
31005, 1,957, QEP, Henderson 36-25-35-26T2H, Three Forks 2nd Bench, 49 stages, 10 million lbs, Grail, t11/5; cum 25K after 46 days;
31006, 1,906, QEP, Henderson 36-25-35-26BH, 48 stages, 9.7 million lbs, Grail, t11/15; cum 27K after 49 days;
31007, 2,557, QEP, Henderson 1-12-2-11BH, Grail, 48 stages, 9.3 million lbs, t11/15; cum 33K after 51 days;
31008, 2,725, QEP, Henderson 1-12-2-11T2H, Grail, Three Forks 2nd Bench, 49 stages, 8.1 million lbs, t11/15; cum 41K after 47 days;
31560, 1,115, Hess, HA-Chapin-152-95-2932H-10, Hawkeye, t3/16; cum --
31680, 630, SM Energy, Mo Farms 15-21HN, Musta, t5/16; cum 8K after 22 days;
31908, TATD, Statoil, no production data,
32052, 601, Enerplus, Town Hall 148-93-31C-30H, McGregory Buttes, t6/16; cum --

Thursday, April 22, 2016: 73 for the month; 73 for this quarter
29130, 773, Hess, BW-Johnson-149-99-1003H-6, Cherry Creek, t4/16; cum 32K after 1.5 months; 
31569, 471, Crescent Point Energy, CPEUSC Fairholm 4-33-34-164N-100W, West Ambrose, t1/16; cum 14K after 41 days;
31909, SI/NC, Statoil, Enderud 9-4 XE 1TFH, Banks, no production data,
31935, 521, BR, CCU Plymouth 11-29TFH, Corral Creek, t2/16; cum -- 

Wednesday, April 20, 2016: 69 for the month; 69 for this quarter
30947, 1,928, Whiting, P Bibler 155-99-15W-31-7-14H, Stockyard Creek, a big well, the P Bibler wells are tracked here, t10/15; cum 94K 2/16;
31936, 2,204, BR, CCU Plymouth 11-29MBH, Corral Creek, 2/16; cum 6K over 9 days;
32051, 2,066, Enerplus, Dance Hall 14793-06B-07H, Moccasin Creek, t6/16; cum --

Tuesday, April 19, 2016: 66 for the month; 66 for this quarter
29129, 977, Hess, BW-Johnson-149-99-1003H-5, Cherry Creek, t3/16; cum 37K after two months;
31568, 600, Crescent Point Energy, CPEUSC Elgaard 4-32-31-165N-100W, Colgan, middle Bakken, t1/16; cum 20K over 46 days

Monday, April 18, 2016: 64 for the month; 64 for this quarter
29128, 977, Hess, BW-Johnson-149-99-1003H-4, Cherry Creek, t3/16; cum 182K 1/19; off line 1/20;
31639, 2,640, BR, Old Hickory 43-32 MBH-R, Sand Creek, t2/17; cum 317K 1/20;
31937, 481, BR, CCU Plymouth 21-29TFH, Corral Creek, 7" casing point reached November 23, 2015; TD reached November 29, 2015; 1st bench, 27 stages, 7.1 million lbs, in drilling target footage, 95.85%; below drilling target footage, 4.15%; lateral gas show with a high of 3,511 units; t2/16; cum --; 

Sunday, April 17, 2016: 61 for the month; 61 for this quarter
None.

Saturday, April 16, 2016: 61 for the month; 61 for this quarter
30227, 792, BR, SunNotch 42-32TFH, Sand Creek, t10/16; cum 410K 1/20;
31910, TATD, Statoil, Sax 25-36F 2TFH, Banks, t--; cum 49K in three months;

Friday, April 15, 2016: 59 for the month; 59 for this quarter
29499, 1,081, Oasis, Brier 5200 43-22 12T, Camp, ICO, 46 stages, 11.8 million lbs, t12/15; cum 55K 2/16;
29500, 1,618, Oasis, Brier 5200 42-22 11T2, Camp, ICO, 1600 acres, second bench, 46 stages, 4.8 million lbs, t12/15; cum 63K 2/16; only 23 days in February;
29501, 2,158, Oasis, Brier 5200, 42-22 10B, Camp, ICO, t11/15, 46 stages, 5.1 million lbs; cum 92k 2/16; only 20 days in 2/16;
29502, 1,644, Oasis, Brier 5200, 42-22 9T, Camp, ICO, first bench, t11/15; cum 83K 2/16; only 26 days in 2/16;
30226, 1,560, BR, Old Hickory 42-32TFH, Sand Creek, t1/17; cum 325K 1/20;
30687, 1,841, Whiting, Flatland Federal 11-4-2H, Twin Valley, 31 stages, 4.2 million lbs, t10/15; cum 103K 2/16; only 24 days in 2/16;
30950, drl-->loc, EOG, Van Hook 71-1411H, Parshall, no production data, in a 4/18/16 sundry form, EOG requests to "plug and abandon the well...EOG intends to use the well bore in the future."
32032, 486, Hess, EN-Pederson-LW-154-94-0408H-8, Alkali Creek, t11/16; cum 99K 1/20;

Thursday, April 14, 2016: 51 for the month; 51 for this quarter
30225, 2,640, BR, Sun Notch 42-32MBH, Sand Creek, 31 stages; 9.7 million lbs, t10/16; cum 35K 2/17;
30951, drl, EOG, Van Hook 70-1411H, Parshall, no production data,
31981, 109, Denbury, CHSU ML24014SH 15, Cedar Hills, a South Red River B well, t12/15; cum 10K 2/16;
32031, 1,275, Hess, EN-Pederson-LW-154-94-0408H-7, Alkali Creek, 50 stages, 3.5 million lbs, t2/16; cum 19K over 13 days; 

Wednesday, April 13, 2016: 47 for the month; 47 for this quarter
31911, SI/NC, Statoil, Enderud 9-4 6H, Banks, no production data,
32030, 917, Hess, EN-Pederson-LW-154-94-0408H-6, Alkali Creek, 4 sections, 35 stages, 2.5 million lbs, t2/16; cum 20K 2/16; only 19 days in 2/16; 

Tuesday, April 12, 2016: 45 for the month; 45 for this quarter
31179, 2,124, BR, CCU Atlantic Express 13-19 TFH, Corral Creek, 46 stages, 8 million lbs, t2/16; cum 15K after 27 days;
31180, 3,287, BR, CCU Atlantic Express 23-19 MBH, Corral Creek, 45 stages, 5.1 million lbs, t2/16; cum 13K after 24 days;
32029, 1,258, Hess, EN-Pederson-LW-154-94-0408H-5, Alkali Creek, 4 sections, Three Forks, 50 stages, 3.5 million lbs,  2/16; cum 33K after 25 days;
Monday, April 11, 2016: 42 for the month; 42 for this quarter
30224, 2,544, BR, Old Hickory 42-32MBH, Sand Creek, 34 stages; 5.2 million lbs, t1/17; cum 13K after 22 days; 
31178, 2,044, BR, CCU Pacific Express 12-19TFH, Corral Creek, 46 stages, 8.1 million lbs, t2/16; cum 12K 2/16;
31984, 800, EOG, Austin 439-2326H, Parshall, t5/16; cum 9K after 29 days;

Sunday, April 10, 2016: 39 for the month; 39 for this quarter
31545, 695, Hess, CA-Russell Smith-155-96-2425H-7, Capa, Three Forks, 49 stages, 4.9 million lbs, t7/17; um 48K 2/17;
32050, 2,246, MRO, Martinez USA 24-8H, Wolf Bay, t1/16; cum 42K over 43 days;

Saturday, April 9, 2016: 37 for the month; 37 for this quarter
31174, 1,027, WPX, Peterson 6-5-4 HZL, Van Hook, t8/16; cum 120K 2/17;
31544, A, CA-Russell Smith-155-96-2425H-6, Capa, no test date (probably 5/16); cum 17K after 16 days;
31816, dry, St Croix Operating, Badger 1, Wildcat, NWNW 29-157-81; 
31983, 708, EOG, Austin 440-2326H, Parshall, 34 stages, 13.31 million lbs; t5/16; cum 101K 2/17;

Friday, April 8, 2016: 33 for the month; 33 for this quarter
30606, 1,090, QEP, Boggs 3-29-32T2HD, Grail, t10/15; cum 100K 2/16; production held back;
30607, 1,000, QEP, Boggs 8-29-32BHD, Grail, t10/15; cum 96K 2/16; 
30608, 1,995, QEP, Boggs 2-29-32T2HD, Grail, t10/15; cum 78K 2/16; production held back; only 8 days in January, 2 days in February;
30609, 2,053, QEP, Boggs 29-32-30-31T3HD, Blue Buttes, t10/15; cum K 2/16; production held back; only 7 days in December, 5 days in January;
30610, 2.202, QEP, Boggs 29-32-30-31THD, Blue Buttes, t10/15; cum 93K 2/16; production held back; 21 days in December, 21 days in January;
30776, 1,345, Whiting, Flatland Federal 11-4-3TFH, Twin Valley, Three Forks 2nd cycle, 31 stages, 4.2 million lbs, t10/15; cum 134K 2/16; only 24 days in February, 16 days in November, 8 days in October. Drilled to vertical depth and the curve in five days. Total depth of the south lateral was reached in ten days from spud. Gas: 800 to 1,000 units. Connection gases as high as 7,958 units, with a 3' to 5' flare. At 21,505 feet it's a lot of pipe.
31543, 592, Hess, CA-Russell Smith-155-96-2425H-5, Capa, t5/16; cum 6K after 11 days;

Thursday, April 7, 2016: 26 for the month; 26 for this quarter
31173, 829, WPX, Peterson 6-5-4 HD, Van Hook, t8/16; cum 93K 2/17;
31542, 323, Hess, CA-Russell Smith-155-96-2425H-5, Capa, t5/16; cum 2K after 4 days;
31703, 112, Statoil, Shorty 4-9F 8TFH, Charlson, t3/18; cum 71K 12/19; off line, 1/20;
31982, 689, EOG, Austin 441-2326H, Parshall, 35 stages, 13.55 million lbs, t5/16; cum 161K 2/17;

Wednesday, April 6, 2016: 22 for the month; 22 for this quarter
30688, 1,392, Whiting, Flatland Federal 11-4-2TFH, Twin Valley, 35 stages, 4.2 million lbs, t10/15; cum 108K 2/16; not even full months of production since coming on line;
30774, 1,844, Whiting, Flatland Federal 22-4-5TFH, Twin Valley, 35 stages, 5.8 million lbs, t10/15; cum 214K 2/16; not even full months of production since coming on line;
30775, 175, Whiting, Flatland Federal 11-4-4THF, Twin Valley, 31 stages, 4.5 million lbs, t10/15; cum -- ; 7 days of production back in 10/15; none since;
31172, 1,763, WPX, Peterson 6-5-4 HQ, Van Hook, 61 stages; no proppant data posted, t10/16; cum 97K 2/17;
31236, 1,172, Whiting, Carscallen 31-14-1TFH, Truax, spud August 15, 2015; cease drilling, August 29, 2016; t10/15; cum 51K; production cut way back past two months;
31238, 2,744, Whiting, Carscallen 31-14-3TFH, Truax, spud July 30, 2015; cease drilling, August 12, 2015; 10/15; cum 110K 2/16; not even full months of production since coming on line;
31541, 1,217, Hess, CA-Russell Smith-155-96-2425H-3, Capa, t6/16; cum 25K after 20 days;

Tuesday,  April 5, 2016: 15 for the month; 15 for this quarter
31171, 1,657, WPX Peterson 6-5-4 HC, Van Hook, t10/16; cum 96K 2/16;
31540, 304, Hess, CA-Russell SMith-155-96-2425H-2, Capa, 35 stages, 3.5 million lbs, t5/16; cum 46K 2/17;
31702, 357, Statoil, Shorty 4-9F 7H, Stony Creek, t3/18; cum 133K 12/19; off line 1/20;

Monday,  April 4, 2016: 12 for the month; 12 for this quarter
31539, 373, Hess, CA-Russell Smith -155-96-2425H-1, Capa, t5/16, cum 8K after 8 days;
31625, 495, XTO, Ames Federal 31-13FXG, Grinnell, t5/17; cum 110K 1/20;
31701, 254, Statoil, Shorty 4-9F 6TFH, Stony Creek, t3/18; cum 102K 12/19; off line 1/20;

Sunday, April 3, 2016: 9 for the month; 9 for this quarter
30968, 1,237, EOG, Van Hook 48-3626H, Charlson, t5/17; cum 325K 1/20;
31626, 381, XTO, Ames Federal 31-13BXC, Grinnell, t5/17; cum 152K 1/20;
31700, 398, Statoil, Shorty 4-9F 5H, Stony Creek, t3/18; cum 122K 12/19; off line 1/20;

Saturday, April 2, 2016: 6 for the month; 6 for this quarter
31184, 370, CLR, Addyson 5-23H, Brooklyn, 4 sections, 30 stages, 7.4 million lbs, t2/16; cum 99K 10/16;
31627, 598, XTO, AmesFederal 31X-13G, Grinnell, t5/17; cum 102K 1/20;

Friday, April 1, 2016: 4 for the month; 4 for this quarter
30969, 1,255, EOG, Van Hook 47-3626H, Parshall, t5/17; cum 170K 7/18;
31628, 375, XTO, Ames Federal 31X-13B, Grinnell, t5/17; cum 87K 7/18;
31699, 133, Statoil, Shorty 4-9F 4TFH, Stony Creek, t3/18; cum 20K 7/18;
31849, 2,470, MRO, Ronald 34-33TFH-2B, Reunion Bay, produced 29K first 24 days while still on SI/NC status (checked April 5, 2017); t2/17; cum 113K 7/18;

New Link Added -- Crude Oil Futures Out To 2024 -- March 30, 2016

Reminder: this link has been added to my page on "Links": crude oil futures out to 2024. Extremely bad news for Saudi Arabia which historically set their national budget on $100 oil, and then for 2016, set it at $60 oil. Not going to happen.

A huge "thanks" to the reader who sent me this link.