This article was linked a couple of days ago. Well worth reading. This blew me away, considering the source and the breadth of the article:
The key to achieving energy independence was
fracking. This new technology delivered what might be
called “the energy independence surprise.”
This article was published summer, 2020. My, how things have changed.
In the summer of 2020, the writer suggests the US went from energy independence back to energy dependence (of course, that was wrong, too) but now, just one year later, it's clear that the US has moved to energy dominance.
Mexico: implications of a full Mexican export ban. Mexican production / exports. Could one say production is about 8 million bopd and exports are slightly under 2 million bopd. Doesn't that sound tectonic -- taking 2 million bopd off the North American market over the next two years? Short term winners? Canada and the Permian?
South America: Brazil -- what global warming emergency? Say what? New law passed granting 15-year extension of a subsidy for coal. Link here.
US shale: at close of current price, the average Canadian energy company could privatize and pay off all of its debt in just 4.4 years with free cash flow. Let's doe the math on CLR and EOG. Link here.
And now, you are caught up.
*********************************** Back to the Bakken
Active rigs:
$80.05
1/7/2022
01/07/2021
01/07/2020
01/07/2019
01/07/2018
Active Rigs
34
11
56
64
54
Friday, January 7, 2022:
37261, conf, Whiting, Feehan 11-9H, Sanish, first production, 8/21; t--; cum 55K 11/21;
37130, conf, Hess, BL-Frisinger-156-95-2833H-4, Beaver Lodge, first production, 7/21; t--; cum 90K 11/21;
Thursday, January 6, 2022:
37235, conf, Bruin, Wm Polar 157-101-24C-13-7B, Otter, first production, 8/21; t--; cum 41K 11/21;
37001, conf, CLR, LCU Reckitt Federal 6-22H, Long Creek, no production data,
You can count on certain things this time of year. Alabama is in the
hunt for a college football national championship, there’s fresh powder
somewhere in the Rockies, it’s mostly still shorts weather in Houston,
and there’s a catchy new country song ripe for blog titles. January also
brings some unknowns, with pundits throwing out various scenarios for
stock and commodity markets, as well as the more recent trend in
postulating the outcomes of the latest COVID variant. When it comes to
the U.S. onshore oil and natural gas markets, the Permian continues to
be old reliable, especially with crude north of $70/bbl and natural gas
prices flirting with $4/MMBtu.
There’s a lot we can’t predict about the
year ahead (like the NCAA football championship, though this writer, at
least, is pulling for Georgia next week), but our view of Permian
production growth hasn’t changed. In today’s blog, we provide this
year’s outlook for Permian crude oil and natural gas markets.
Several wells in process of being drilled / completed in Willow Creek oil field according to NDIC.
Oneexample.
The well:
37916, conf, Oasis, Fraser Federal 5300 32-35 5BR, Willow Creek,
Date
OilRuns
MCF Sold
11-2021
55442
27506
10-2021
11755
1845
As folks know, Oasis was a Bakken pure play in the beginning but then acquired acreage in the Permian. But after a few years in the Permian, Oasis left the Permian and returned to the Bakken, as a pure play, again.
The dots are starting to connect. I would love to explain what I mean but I would get too much push back and I don't need it. So I'll let it go.
I'm too tired to do any more tonight, but if I remember, I'll post the graphics of this area: incredible how much activity there is about ten miles southeast of Williston, on the north side of the river.
Statue of a fool:
Statue of a Fool, RVS and Jack Greene
This may simply be the best "find" I've had today. I vividly remember the night in 1969 driving on US Highway 2 west of Williston, on the bypass, with my mom, listening to RVS on the radio.
Jack Greene, wiki entry:
Jack Henry Greene, January 7, 1930 – March 14, 2013, was an American country musician.
Nicknamed the "Jolly Greene Giant" due to his height and deep voice, Greene was a long time member of the Grand Ole Opry.
A three-time Grammy Award nominee, Greene is best known for his 1966 hit, "There Goes My Everything." The song dominated the country music charts for nearly two months in 1967 and earned Greene "Male Vocalist of the Year," "Single of the Year," "Album of the Year," and "Song of the Year" honors from the Country Music Association.
Greene had a total of five #1 country hits and three others that reached the top ten. Billboard magazine named Greene one of the Top 100 "Most Played Artists."
21667, 3,285, Oasis, Cliff 52000 14-5H, Camp, t3/12; cum 390K 11/21; full production; 14,395 bbls over 17 days extrapolates to 25,000 bbls crude oil over 30 days, recent production:
Pool
Date
Days
BBLS Oil
Runs
BBLS Water
MCF Prod
MCF Sold
Vent/Flare
BAKKEN
11-2021
17
14395
13858
3340
22590
14342
7881
BAKKEN
10-2021
0
0
0
0
0
0
0
BAKKEN
9-2021
0
0
0
0
2
2
0
BAKKEN
8-2021
23
968
923
687
2055
2008
8
BAKKEN
7-2021
30
1241
1570
745
2983
2934
0
BAKKEN
6-2021
30
1596
1623
873
3873
3573
0
Three newly completed wells in the immediate area:
38008, conf, Oasis, Cliff 5300 43-35 6B, Willow Creek,
Date
OilRuns
MCF Sold
11-2021
33849
37219
10-2021
27515
29209
34222, conf, Oasis, Cliff 5300 43-35 4B, Willow Creek,
Date
OilRuns
MCF Sold
11-2021
32682
34431
10-2021
19525
21265
37266, conf, Oasis, Cliff 5300 43-35 5B, Willow Creek,
