Sunday, September 6, 2020

US Gasoline Demand Going Into The Labor Day Weekend; Saudi Aramco Lowers OSP For Asia -- Lower For Longer -- September 6, 2020

US gasoline demand going into the Labor Day weekend:

Saudi Aramco lowers official sales price for oil shipped to Asia, link here:

  • October, 2020, US bound crude decreased by 50-70 cents/bbl
  • Saudi Aramco drops Oct Asia-bound oil by 90 cents-$1.50/bbl
  • market sources had expected Asia differentials to be cut by $1-$2/bbl

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Initial Production Data For Wells Coming Off The Confidential List This Next Week -- September 6, 2020

The wells:

  • 37446, conf,  CLR, Irgens Rexall 11-19HSL1, East Fork,
  • 37351, conf, WPX, Fast Dog 7-6HG, Eagle Nest,
  • 37236, conf, Slawson, Orca Federal 6-23-26TFH, Big Bend,
  • 36775, conf,  Whiting, Iverson 11-14HU, Sanish,
DateOil RunsMCF Sold
7-20201633413651
6-2020433251
5-2020330343
4-20202524196
  • 36115, conf, Hess, GO-Dahl-156-97-2215H-4, Dollar Joe,
DateOil RunsMCF Sold
7-20201521228998
6-20201130
5-2020982519657
4-20201164519461
3-20201557336262
  • 36842, conf, Hess, TI-State-158-95-3635H-7, Tioga,
DateOil RunsMCF Sold
7-2020701116170
6-202011061114
5-20201582716501
4-20202741229164
3-20201601421942
  • 36001, conf,  Hess, AN-MogenTrsut-153-94-2932H-6, Antelope,
DateOil RunsMCF Sold
7-202030
6-2020331583
5-202022933450
4-2020430
3-202051785061
  • 36000, conf, Hess, AN-Mogen Trust-153-94-2932H-7, Antelope,
DateOil RunsMCF Sold
7-2020905614510
6-20201560622700
5-20202276211527
4-20202053918425
3-2020124009225
  • 37210, conf,  WPX, Spotted Wolf 7-6HUL, Eagle Nest,
  • 36952, conf,  WPX, Spotted Wolf 7-6HD, Eagle Nest, 
  • 36843, conf,  Hess, TI-State-158-95-3635H-6, Tioga,
DateOil RunsMCF Sold
7-2020796417357
6-20201510
5-20201119813039
4-20202679927473
3-20201554417074
  • 36839, conf,  XTO, Muller 31X-12EXH, Alkali Creek, 
  • 36838, conf,  XTO, HBU Muller 31X-12A, Hofflund, 
  • 36759, conf,  Whiting, Janet Adele 14-12XH, Sanish,
DateOil RunsMCF Sold
7-20202003719777
6-20202035016256
5-20201877414238
4-2020154677893
  • 36314, conf, BR, State Dodge 1C TFH, Dimmick Lake,  
  • 36837, conf, XTO, HBU Muller 31x-12E2, Hofflund, 
  • 35329, conf, Whiting, Berg Trust 31-27H, Pembroke,
DateOil RunsMCF Sold
7-20201502230992
6-20201939334122
5-20202421946481
4-20203546749880
3-20203440954192
  • 36953, conf,  WPX, Spotted Wolf 7-6HZ, Eagle Nest, 
  • 36836, conf, XTO, HBU Muller 31X-12B, Hofflund, 
  • 36114, conf,  Hess, Go-Dahl-156-97-2215H-3, Dollar Joe,
DateOil RunsMCF Sold
7-20201022527824
6-20201049025598
5-20201391327516
4-20202008442960
3-20202650637679
  • 35765, conf,  Enerplus, Elderberry 149-93-21C-22H, Mandaree,
DateOil RunsMCF Sold
7-20202256514191
6-20201534411029
5-2020142588658
4-20201864615605
3-202096347451
  • 35764, conf,  Enerplus, Fireweed 149-93-21C-22H, Mandaree,
DateOil RunsMCF Sold
7-20202063812980
6-202026621914
5-202031991943
4-20201625313602
3-2020122859501
  • 35763, conf,  Enerplus, Wisteria 149-93-21C-22H-TF, Mandaree,
DateOil RunsMCF Sold
7-202043172715
5-2020861523
4-20203529
3-202040403124
  • 35762, conf, Enerplus, Moss 149-93-21C-22H-LL, Mandaree,
DateOil RunsMCF Sold
7-2020124660
6-2020265318
5-202013351794
4-202017469
3-202054294116
  • 36835, conf,  XTO, HBU Muller 31X-12F, Hofflund, 
  • 36777, conf, Whiting, Iverson 11-14-3H, Sanish,
DateOil RunsMCF Sold
7-20201561814938
6-20201383411032
5-20201752414209
4-2020179078312
3-2020104320
  • 36113, conf,  Hess, GO-Dahl-156-97-2215H-2, Dollar Joe,
DateOil RunsMCF Sold
7-2020840726897
6-20201186330773
5-20201157822171
4-20201682230610
3-20202192114916
  • 33866, conf, Hess, BL-Myrtrice-LW-156-96-2535H-1, Beaver Lodge, 
  • 37328, conf, WPX, Nokota 24-13-12HQ, Squaw Creek, 
  • 36213, conf, XTO, Allie 31X-24HXE, Alkali Creek, 
  • 37133, drl/NC, WPX, Nokota 24-13-12HA, Squaw Creek,  
  • 33864, drl/drl, Hess, BL-Myrtrice-156-96-2536H-5, Beaver Lodge, 
  • 37134, drl/NC, WPX, Nokota 24-13-12HB, Squaw Creek, no production data,
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Wells Coming Off The Confidential List This Next Week -- September 6, 2020

Monday, September 14, 2020:
37446, conf,  CLR, Irgens Rexall 11-19HSL1,
37351, conf, WPX, Fast Dog 7-6HG,
37236, conf, Slawson, Orca Federal 6-23-26TFH,

Sunday, September 13, 2020:
36775, conf,  Whiting, Iverson 11-14HU,
36115, conf, Hess, GO-Dahl-156-97-2215H-4,

Saturday, September 12, 2020:
36842, conf, Hess, TI-State-158-95-3635H-7,
36001, conf,  Hess, AN-MogenTrsut-153-94-2932H-6,
36000, conf, Hess, AN-Mogen Trust-153-94-2932H-7,

Friday, September 11, 2020:
37210, conf,  WPX, Spotted Wolf 7-6HUL,
36952, conf,  WPX, Spotted Wolf 7-6HD,
36843, conf,  Hess, TI-State-158-95-3635H-6,
36839, conf,  XTO, Muller 31X-12EXH,
36838, conf,  XTO, HBU Muller 31X-12A,
36759, conf,  Whiting, Janet Adele 14-12XH,
36314, conf, BR, State Dodge 1C TFH,

Thursday, September 10, 2020:
36837, conf, XTO, HBU Muller 31x-12E2,
35329, conf, Whiting, Berg Trust 31-27H,

Wednesday, September 9, 2020:
36953, conf,  WPX, Spotted Wolf 7-6HZ,
36836, conf, XTO, HBU Muller 31X-12B,
36114, conf,  Hess, Go-Dahl-156-97-2215H-3,
35765, conf,  Enerplus, Elderberry 149-93-21C-22H,
35764, conf,  Enerplus, Fireweed 149-93-21C-22H,
35763, conf,  Enerplus, Wisteria 149-93-21C-22H-TF,
35762, conf, Enerplus, Moss 149-93-21C-22H-LL,

Tuesday, September 8, 2020:
36835, conf,  XTO, HBU Muller 31X-12F,
36777, conf, Whiting, Iverson 11-14-3H,
36113, conf,  Hess, GO-Dahl-156-97-2215H-2,
33866, conf, Hess, BL-Myrtrice-LW-156-96-2535H-1,

Monday, September 7, 2020:
37328, conf, WPX,  Nokota 24-13-12HQ,
36213, conf, XTO, Allie 31X-24HXE,

Sunday, September 6, 2020:
37133, conf,  WPX, Nokota 24-13-12HA,
33864, conf, Hess, BL-Myrtrice-156-96-2536H-5,

Saturday, September 5, 2020:
37134, conf, WPX, Nokota 24-13-12HB,

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Coming Later Today: Another Update On Saudi Arabia's Foreign Exchange Reserves -- September 6, 2020

But first, a pop quiz.

Saudi Arabia imports "everything" it needs except maybe oil and gasoline. And even that's a "maybe." 

I would assume that imports are paid from their foreign exchange reserves, although I do believe the prince manages a PIF that pretty much matches the value of the country's foreign exchange reserves, though don't quote me on that. I haven't checked on the PIF in a long, long time and most recent data is probably dated anyway. 

But I digress.

Pop quiz: quick! How many months of imports can Saudi Arabia pay for from their foreign exchange reserves? I'm not sure I'm saying that correctly but you get the idea. 

The answer at this link.

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CLR's Pasadena Wells Are Coming Back On Line -- September 5, 2020

CLR's Pasadena wells are tracked here.

I have not updated the data at that post but it appears CLR is bringing these wells back on line after being offline for two to three months.

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