FERC Throws Monkey Wrench Into Renewables Plans -- April 17, 2020

Updates

April 18, 2020: update here.  

Original Post 

Link here.

The headline says it all but probably best to find a more unbiased story (maybe later).

Note: these were re-hearings that were rejected -- which to me sounds like this is the second time this issue has been addressed and Sierra Club has lost both time, but I could be wrong on this. I don't follow it closely.

Closer Look At MRO's Four Bears USA Well That Came Off Confidential List Today -- April 17, 2020

Updates

April 22, 2020:

• 35633, 5,946, MRO, Perkins USA 12-16TFH, Four Bears, t11/19; cum 280K 7/20; a 73K month; this completes the most recent data on this four-well pad; cum 346K 5/21;
  

April 20, 2020: production profiles at this post.

April 20, 2020:

• 35632, 6,260, MRO, Waldorf USA 12-16H, Four Bears, t10/19; cum 227K 7/20; a 47K month; note the IP; cum 242K 11/20; off line 12/20; remains off line 4/21; back on line 5/21; cum 243K 5/21;
  
• 35631, 5,190, MRO, Eager USA 12-16TFH, Four Bears, t10/19; cum 153K 7/20; a 47K month, off line 1/10; remains off line 2/20; returns to production 7/20; huge well; cum 231K 5/21;
  

April 19, 2020: MRO is starting to report these wells; see this post.

Original Post

The well:

• 35630, 4,505, MRO, Four Bears USA 13-16H, t10/19; cum 240K 7/20; fracked, 9/24/19 - 10/13/19; 8.5 million gallons of water; 89.13% water by mass; 45 stages; 8.5 million lbs; permit: sections 15/16-152-93; cum 299K 5/21;
  

Production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	2-2020	29	20632	20719	16263	36217	30428	4314
BAKKEN	1-2020	31	24966	25182	19991	38615	32633	4205
BAKKEN	12-2019	31	36236	36168	27289	48828	46334	0
BAKKEN	11-2019	29	40961	40936	40580	44626	38407	3479
BAKKEN	10-2019	15	34248	33820	35028	32363	25906	4167

The graphics:

Other wells in the graphics:

• 20269, 574, Bruin, Fort Berthold 152-93-17C-08-2H Four Bears, t6/11; cum 420K 3/20; intermittent; off line 4/20; intermittent; back on line 2/21; cum 429K 5/21;
  
• 18126, 1,001, Bruin, Fort Berthold 152-93-17C-08-1H, Four Bears, t4/10; cum 389K 7/20; off line 1/21; remains off line 2/21; back on line 3/21; cum 397K 5/21;
  
• 20458, 555, Bruin, Fort Berthold 152-93-17C-08-3H, Four Bears, t1/13; cum 278 4/20; intermittent; off line 5/20; back on line; cum 294K 5/21;
  
• 22090, 1,085/AB-->A, Bruin, Fort Berthold 152-93-17C-08-4H, Four Bears, t1/13; cum 229K 2/20; remains off line 8/20; remains off line 2/21; back on line 3/21; cum 294K 5/21;
  

Other MRO wells that are already producing in that area:

• 26575, 2,152, MRO, Cheetah USA 14-16TFH, Four Bears, t4/14; cum 335K 7/20; cum 357K 5/21;
  
• 23799, 1,132, MRO, Darrel Quale USA 14-16H, Four Bears, t12/12; cum 270K 8/19; off line 9/19; remains off line 8/20; back on line; cum 281K 5/21;
  
• 26576, 1,812, MRO, Flicka USA 13-16TFH, Four Bears, t4/14; cum 340K 7/20; sections 15/16-152-93; cum 349K 2/21; was off line 1/21; coming back on line 2/21; cum 356K 5/21;
  

• 36394, 3,822, MRO, Yellow Bull USA 14-16H, t9/19; cum 218K 7/20; huge well; cum 268K 5/21;
  
• 36393, 5,281, MRO, Yesenko USA 11-21TFH, t9/19; cum 2278K 7/20; huge well; 54K month; cum 336K 5/21;
  
• 19251, 406, MRO, Quale USA 31-20H, t2/11; cum 263K 7/20; off line 6/19; returned to production 2/20; 6,045 bbls over 20 days extrapolates to 9,068 bbls: halo effect: cum 297K 5/21;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	2-2020	20	6045	5927	2941	7207	5646	1117
BAKKEN	1-2020	1	10	45	0	32	0	31
BAKKEN	12-2019	0	0	0	0	0	0	0
BAKKEN	11-2019	0	0	0	0	0	0	0
BAKKEN	10-2019	0	0	0	0	0	0	0
BAKKEN	9-2019	0	0	0	0	0	0	0
BAKKEN	8-2019	0	0	0	0	0	0	0
BAKKEN	7-2019	0	0	0	0	0	0	0
BAKKEN	6-2019	3	83	158	15	93	0	70
BAKKEN	5-2019	31	1020	921	202	1439	0	1188
BAKKEN	4-2019	30	998	984	203	1380	23	1113

EOG Reports Four Huge Wells This Week -- April 12, 2020

Previously posted. Frack data not yet scanned in for #36411, #36410.

Results of two other wells were posted earlier.

The third and fourth wells that will be reported by EOG this week:

• 36411, 2,783, EOG, Clarks Creek 46-0706H, 33-053-09056, Antelope, fracked 8/28/19- 9/18/19; 11.5 million gallons of water; 84.4% water by mass; friction reducer, 0.05019; t10/19; cum 230K 2/20;
  
  

  Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
  BAKKEN	2-2020	29	28597	28593	18744	77671	72905	3332
  BAKKEN	1-2020	29	34160	34136	20443	53850	51032	1758
  BAKKEN	12-2019	31	55404	55465	31625	80446	72506	7851
  BAKKEN	11-2019	30	70900	70818	51392	94601	91912	2603
  BAKKEN	10-2019	15	40700	40453	28969	48442	44377	4023

• 36410, 1,639, EOG, Clarks Creek 45-0705H, 33-053-09055, Antelope, fracked 8/26/19 - 9/28/19 11.7 million gallons of water; 85.21% water by mass; friction reducer, 0.6062:
  
  

  Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
  SANISH	2-2020	29	20267	20244	12168	88106	87642	0
  SANISH	1-2020	26	18678	18678	10688	61559	61175	0
  SANISH	12-2019	31	27240	27325	13548	76118	75622	0
  SANISH	11-2019	30	33114	33021	15581	53276	51340	1456
  SANISH	10-2019	15	23497	23284	10297	28827	26217	2377

EOG, MRO Report Three Monster Wells -- April 17, 2020

Dueling banjos:

• Saudi Arabian oil to US doubles over past couple of weeks -- CNBC; link here.
• EIA weekly petroleum report for week ending April, 2020:
• US crude oil imports average 5.7 million bbls per day last week, down by 194,000 bopd from the previous week
• over the past four weeks, crude oil imports averaged about 9.5 million bopd, 8.4% less than the same four-week period last year

WTI, link here:

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Back to the Bakken

Active rigs:

see above	4/17/2020	04/17/2019	04/17/2018	04/17/2017	04/17/2016
Active Rigs	33	66	59	52	29

Four wells coming off the confidential list today -- 

 Friday, April 17, 2020: 18 for the month; 18 for the quarter, 273 for the year:

• 36411, 2,783, EOG, Clarks Creek 46-0706H, Clarks Creek, t10/19; cum 230K 2/20; see this note; 
• 36410, 1,639, EOG, Clarks Creek 45-0705H, Clarks Creek, t10/19; cum 123K 2/20; see this note; 
• 35630, 4,505, MRO, Four Bears USA 13-16H, t10/19; cum 157K 2/20;
• 35121, drl, XTO, Prairie Federal 31X-30A, Haystack Butte,

RBN Energy: second-wave US LNG prospects stagnate amid market uncertainty.

Despite the pandemic-driven economic slowdown wreaking havoc on the global LNG market, U.S. LNG export volumes from operating terminals have proven resilient, so far. Total feedgas deliveries to the liquefaction and export facilities peaked at 9.44 Bcf/d less than a month ago and are averaging about 8.3 Bcf/d in April to date. But for many of the already-struggling second wave of U.S. liquefaction projects still under development, the one-two punch of the crude oil price crash and COVID-related lockdowns has further stymied — or in some cases even reversed — their progress toward securing long-term capacity commitments and reaching final investment decisions anytime soon. Today, we provide an update on the status of the next round of prospective LNG export projects.

The global battle against COVID in recent weeks has caused big cuts in gas demand in key LNG-consuming regions, worsened an existing supply glut, sent international gas prices to record lows and tightened the price spreads for U.S. LNG offtakers delivering into those supply-saturated markets. Port closures due to COVID lockdowns in Europe and Asia have resulted in more cargoes floating offshore or entering the spot market in efforts to find alternative buyers. Despite all this, U.S. LNG exports have remained steady up to this point, save for what, at least on face value, appear to be brief maintenance or weather-related disruptions. That’s because of the long-term, take-or-pay sales and purchase agreements (SPAs) that anchor over 90% of operating U.S. liquefaction capacity. These commitments are critical not only for ensuring steady utilization rates once the facility comes online but for shoring up prospects for the two dozen or so LNG projects currently in development in North America. However, current market conditions have made securing these commercial agreements nearly impossible. Today, we turn our attention to these, the second wave of LNG projects vying to cross the finish line and the impacts of recent events on their progress.

WPX With One New Permit -- April 16, 2020

Active rigs:

$19.87	4/16/2020	04/16/2019	04/16/2018	04/16/2017	04/16/2016
Active Rigs	33	65	59	51	29

One new permit, #37521 --

• Operator: WPX
• Field: Mandaree (Dunn)
• Comments:
• WPX has a permit for a single Dakota well in SWSE section 1-149-93, Mandaree oil field
• three producing wells sited in this section, horizontals running north; oil field line shared with Heart Butte to the east;
• 18396, IA/981, WPX, TAT 15-1H, Mandaree, t8/10; cum 282K 5/19; off line 6/19; remains off line; 2/20;
• 20508, IA/257, WPX, Buffalo 1-36HC, Mandaree, t5/12; cum 2497K 5/19; off line 10/19; remains off line; 2/20;
• 21609, 138, WPX, Corral 1-36HD, Mandaree, t5/12; cum 569K 2/20;

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The Apple Page 

It's truly incredibly how much news there is regarding Apple Inc.

Most of its pretty esoteric and would only interest Apple geeks (and Apple competitors) but there are a couple of big stories (at least from my perspective).

Re-opening: Apple will begin reopening its retail stores ... beginning with its sole Apple Store in South Korea, located in Seoul's Gangnam district. 

New iPhone released: after quite a wait, the new iPhone SE will be available for on-line ordering beginning tomorrow, Friday, April 17, 2020. This phone has the very same name as the "original" iPhone SE and has a market niche for people like me who prefer small smartphones. I have the "original" iPhone SE. It was the first smartphone I ever bought 

Headphones: long-rumored over-ear wireless headphones may finally be a reality. High end. Ear pads and headband are attached to the frame magnetically allowing components to be easily converted from comfort to fitness. Apple loves magnets. This follows a string of "magnet" innovations by Apple. Story here.