Ten Wells Coming Off Confidential List -- Long Weekend -- Most Will Be DUCs -- May 28, 2019

Wells coming off the confidential list this long weekend -- Tuesday, May 28, 2019: 89 for the month; 183 for the quarter --
35738, conf, Newfield, Skipjack 149-98-11-2-12H, 
35457, conf, WPX, Minot Grady 26-35HWL,
34043, conf, Lime Rock Resources III-A, L.P., Harstad 44-9-2H, 
30486, conf, BR, Merton 14-10MBH, 

Monday, May 27, 2019:
35296, conf, WPX, Minot Grady 2635HZ, 
30487, conf, BR, Merton 14-10TFH ULW,

• the Merton wells are tracked here; 

Sunday, May 26, 2019:
35361, conf, Hunt, Halliday 146-92-19-18H-6, 

Saturday, May 25, 2019:
35298, conf, WPX, Minot Grady 26-35HD, 
35297, conf, WPX, Minot Grady 26-35HZ, 
34906, conf, Hess, SC-JCB-154-98-1720H-9,

Active rigs:

$59.08	5/28/2019	05/28/2018	05/28/2017	05/28/2016	05/28/2015
Active Rigs	65	65	50	29	83

RBN Energy: Permian gas market searches for signs of improvement.

There’s never a dull moment in the Permian gas market these days, as prices at the major trading hubs remain extremely volatile, fueled by insufficient natural gas pipeline takeaway capacity. After prices tumbled to fresh lows in late April, with the Waha hub trading as much as $9/MMBtu below zero, the market appeared to regain its footing somewhat in early May as production curtailments lifted prices above zero. However, that reprieve was short-lived; prices last week again fell into negative territory heading into Memorial Day weekend. That said, the possibility of new takeaway capacity materializing in the weeks ahead, earlier than expected, has renewed hope among some market participants that the Permian gas price woes will soon be a thing of the past. How likely is that really, and will it be enough to equalize the beleaguered market? Today, we look at potential near-term developments that could support Permian gas prices.

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End-Of-Year Art Projects

Middle Schooler -- Olivia, 13 y/o

Final exam: decorate a tile.

Group project: a mural.

Unexplained Jump In Production -- A Petro-Hunt Charlson Well -- May 27, 2019

The well:

• 26206, 1,077, Petro-Hunt, Sherven Trust 153-95-27B-2H, Charlson, t1/14; cum 306K 3/19; no obvious reason why the jump in production, 8/18; no fracking in immediate area; sister well did not show jump in production; FracFocus shows no data for re-frac; no sundry form for re-frack

Recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2019	31	4488	4364	1112	8135	7919	0
BAKKEN	2-2019	28	4254	4301	1140	8067	7872	0
BAKKEN	1-2019	31	5056	5138	1320	8034	7818	0
BAKKEN	12-2018	31	6013	5979	1301	7973	7757	0
BAKKEN	11-2018	30	6316	6353	1778	8525	8068	262
BAKKEN	10-2018	29	5570	5482	1274	5832	5639	0
BAKKEN	9-2018	30	8115	8305	2085	10193	9998	0
BAKKEN	8-2018	30	12193	12030	4079	15720	14678	835
BAKKEN	7-2018	0	0	0	0	0	0	0
BAKKEN	6-2018	21	1398	1423	2565	2826	2673	0
BAKKEN	5-2018	31	1613	1638	460	4314	3998	100
BAKKEN	4-2018	30	1705	1718	354	4303	4022	72
BAKKEN	3-2018	31	1765	1685	310	4567	4280	71
BAKKEN	2-2018	28	1673	1693	340	4461	4266	0
BAKKEN	1-2018	31	2105	2025	342	5062	4846	0

Several Rink Wells Recently Off-Line; Frack Activity In The Area -- May 27, 2019

These Rink wells have all come off-line as of last month (2/19):

• 34055, 355, BR, Rink 7-1-5UTFH, Pershing, t8/18; cum 75K 3/19;
• 34056, 320, BR, Kermit 7-8-32 UTFH, Pershing, t8/18; cum 88K 3/19;
• 34058, 541, BR, Kermit 8-8-32MBH, Pershing, t8/18; cum 94K 3/19;
• 34059, 379, BR, Rinkurtis 8-1-5UTFH-ULW, t8/18; cum 59K 3/19;

Recently fracked, to the east:

• 30911, 296, BR, Saddle Butte 24-9 TFH, 48 stages; 7.6 million lbs; North Fork, t2/19; cum 12K after14 days --

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2019	14	11409	11087	8390	18378	18357	0
BAKKEN	2-2019	4	396	396	8572	803	0	803

The Rink / Kermit wells are tracked here.

Travel Notes, Part 3 Of 3 -- Nothing About The Bakken -- May 26, 2019

Olivia is our middle granddaughter. She lives and breathes soccer. She plays for the FC Dallas soccer club, playing "up" one year: she is a year younger than her teammates.

Earlier this year she was asked by another team in the club to be a guest player for the team when it would play in the annual Memorial Day Colorado soccer tournament. She played with the same team last year in the same tournament.

Her own team was playing a tournament in Houston over the Memorial Day weekend, but her coach agreed to release her to play the Denver tournament with another team. On her own team, Olivia is a mid-fielder, primary a defender. On her own team she is not a striker; she does not play offense; she does not take shots on goal except by exception.

I still don't know the whole story, but she must have been moved to a striker position on the team for which she played in the Denver tournament. She scored, by far, the most goals of any player on her team.  In one of the team's 4 - 1 wins, she scored three points in regulation play and one point on a penalty kick.

In the bracket below, her team is in Bracket B, team #4, FC Dallas 06 Frontier Development League. They went on to play in the championship game which they won 3 - 1. I think she may have made all three goals, but am not sure. When I next see her, I will ask.

Link to the soccer brackets here.

Link to the homepage for the Denver tournament here.

Pemex Says Mexico Plans $7.3 Billion In Tax Breaks -- May 27, 2019

Link here.

This may be a story that has been posted before, but the last note I remember regarding tax breaks for Pemex was $3.5 billion.

This article suggests that Mexico (aka AMLO) is seeking as much as $7.3 billion worth of tax breaks in 2020 and 2021. The previous amount was for $3.5 spread out over six years.

But this, at the linked article at the top probably says it all:

While the tax breaks are positive, said John Padilla, managing director of IPD Latin America, they will have no real impact unless Pemex can reverse falling output. “All they’re doing is diverting from one pocket to the other,” he said. “Money will no longer resolve what ails a very debilitated Pemex.”

The road-to-Mexico is tracked here.