Saturday, October 14, 2017

Production In Top Bakken Oil Fields, August, 2017, Data -- Greatest Decline In Field Production On A Percentage Basis, Month-Over-Month

Disclaimer: in a spreadsheet done manually there are likely to be typographical and factual errors. If this information is important to you, go to the source. Do not quote me on this data. 

July, 2017, and August, 2017, data for top producing oil fields in the Bakken. Ranked by greatest decline in field production, month-over-month, column 10, on a percentage basis.

Field
July 2017 Prod
July Wells
July Oil / Well / Month
Percent Change June-to-July
Change in # of wells
August 2017 Prod
August Wells
August Oil / Well / Month
Percent Change July-to-August
Change in # of wells
West Ambrose
196,544
96
2,047
-0.94%
0
117,987
96
1,229
-39.97%
0
Charlson
264,744
107
2,474
0.83%
1
171,939
109
1,577
-35.05%
2
South Fork
187,364
33
5,678
164.77%
1
142,870
33
4,329
-23.75%
0
Elidah
207,007
58
3,569
-8.08%
0
168,065
58
2,898
-18.81%
0
Elm Tree
661,713
56
11,816
10.46%
-7
539,798
56
9,639
-18.42%
0
Haystack Butte
162,676
62
2,624
-3.15%
0
133,250
62
2,149
-18.09%
0
Johnson Corner
91,438
30
3,048
21.99%
-1
74,941
30
2,498
-18.04%
0
McGregor
135,160
47
2,876
-10.16%
0
117,125
47
2,492
-13.34%
0
Rawson
52,208
32
1,632
8.95%
0
45,398
32
1,419
-13.04%
0
Stony Creek
108,022
39
2,770
2.72%
0
94,694
39
2,428
-12.34%
0
Chimney Butte
345,908
83
4,168
-19.19%
0
306,490
83
3,693
-11.40%
0
Corral Creek
801,945
164
4,890
-2.98%
0
711,899
164
4,341
-11.23%
0
North Tobacco Garden
123,245
48
2,568
-3.12%
0
109,545
48
2,282
-11.12%
0
Grail
611,184
192
3,183
-3.04%
0
544,335
192
2,835
-10.94%
0
Truax
298,421
175
1,705
-8.12%
0
271,042
175
1,549
-9.17%
0
Parshall
1,415,210
521
2,716
-9.04%
1
1,285,554
521
2,467
-9.16%
0
Jim Creek
80,892
53
1,526
-14.77%
0
73,515
53
1,387
-9.12%
0
Timber Creek
43,157
32
1,349
8.22%
0
39,224
32
1,226
-9.11%
0
Lost Bridge
488,993
73
6,699
4.89%
0
446,939
73
6,122
-8.60%
0
Twin Buttes
47,273
23
2,055
-0.41%
0
43,239
23
1,880
-8.53%
0



Week 41: October 8, 2017 -- October 14, 2017

Operations:
ND crude oil production for August, Director's Cut, still over 1 million bopd
ND crude oil production for August, 2017, remains over 1 million bopd
Oasis with permits for an 8-well pad in Willow Creek
Number of Bakken wells producing greater than 30,000 bbls/month surges

Pipelines:
Judge allows DAPL to continue to flow

Bakken economy
Williston infrastructure sales tax extension carries by more than 2.5-to 1

Friday, October 13, 2017

Tesla Fires Hundreds Of Workers; Additional Blogging Delayed Until Saturday -- October 13, 2017

I just got back to Portland, OR, after driving from Kalispell, MT, today. I will post the daily activity report and the top stories of the week tomorrow (Saturday, October 14, 2017).

************************
Tesla Fires "Hundreds Of Workers"

From San Jose Mercury News:
Tesla fired hundreds of workers this week, including engineers, managers and factory workers, even as the company struggles to expand its manufacturing and product line.
The dismissals come at a crucial point for the company, which is pushing to increase vehicle production five-fold and reach a broader market with its new Model 3 sedan. The electric vehicle maker missed targets for producing the lower-cost sedan, manufacturing only 260 last quarter despite a wait list of more than 450,000 customers.
The company said this week’s dismissals were the result of a company-wide annual review, and insisted they were not layoffs. Some workers received promotions and bonuses, and the company expects to hire for the “vast majority” of new vacancies.
“As with any company, especially one of over 33,000 employees, performance reviews also occasionally result in employee departures,” a spokesman said. “Tesla is continuing to grow and hire new employees around the world.”
In multiple interviews, former and current employees told this news organization little or no warning preceded the dismissals. The workers interviewed include trained engineers working on vehicle design and production, a supervisor and factory employees.
Workers estimated between 400 and 700 employees have been fired. Tesla refused to say how many employees were let go, although the company expects employee turnover to be similar to last year’s attrition.-
The spokesman said most of the dismissals were administrative and sales positions, and outside of manufacturing. Tesla employs about 10,000 workers at its Fremont factory.

Why I Love To Blog -- Reason #14 -- October 13, 2017

From the beginning, I said I had doubts we would ever see the Saudi Aramco IPO. Now, this CNBC story:
  • Saudi Aramco denies that it is shelving the idea of an IPO after the Financial Times reported it has been in talks about private placements
  • the company has been quick to deny problems with the IPO, but industry sources say private placement may be a quick way to raise capital compared to an IPO
  • one source close to the IPO told CNBC that one thing under review is whether to list on the Saudi market first and then list on an international exchange at a later date
  • a source said Aramco has been in ongoing talks with Asian sovereign wealth funds
It was also a headline story over at The WSJ.