Enbridge -- September 23, 2022

That which does not kill you, will make you stronger. Link here.

U.S. exports of natural gas to Mexico eased somewhat after a record June 2021, which saw shipments above 7 Bcf/d occur multiple times, the high mark set on June 17 of 7.4 Bcf. Since February 2022, however, exports have crept up each month and totaled about 176 Bcf in April for an average of about 5.9 Bcf/d.

Two cross-border pipelines have driven growth in U.S. gas exports to Mexico.

Energy Transfer Partners’ Trans-Pecos Pipeline originates at the Waha Hub in the Delaware Basin and delivers natural gas to the U.S. border at Presidio, Texas, into the Wahalajara pipeline system. 

On the Gulf Coast, Enbridge Inc.’s Valley Crossing Pipeline on the Texas side of the border delivers gas to the Sur de Texas-Tuxpan Pipeline in Mexico, which is operated by a unit of TC Energy Corp.

Ticker: re-setting --

• 52-week high: $48
• today, trading at $38
• P/E: 21
• yield: 7%

Abbreviated disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. Full disclaimer at tabbed link.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

1 --> 2 --> 3 -- September 23, 2022

Antarctica unaffected by climate change, global warming: link here.

Wind: well said. Link here.

That which does not kill you, will make you stronger. Link here.

U.S. exports of natural gas to Mexico eased somewhat after a record June 2021, which saw shipments above 7 Bcf/d occur multiple times, the high mark set on June 17 of 7.4 Bcf. Since February 2022, however, exports have crept up each month and totaled about 176 Bcf in April for an average of about 5.9 Bcf/d.

Two cross-border pipelines have driven growth in U.S. gas exports to Mexico.

Energy Transfer Partners’ Trans-Pecos Pipeline originates at the Waha Hub in the Delaware Basin and delivers natural gas to the U.S. border at Presidio, Texas, into the Wahalajara pipeline system. 

On the Gulf Coast, Enbridge Inc.’s Valley Crossing Pipeline on the Texas side of the border delivers gas to the Sur de Texas-Tuxpan Pipeline in Mexico, which is operated by a unit of TC Energy Corp.

For The Archives -- Nothing About The Bakken -- Medicare -- September 23, 2022

My only medical encounter so far this year.

This was my first booster, following the two initial vaccinations.

Now I need to get my second booster. 

Many comments / observations / questions -- but we can leave those for another day.

Updating A Most Amazing Slawson Well -- Perhaps The Most Amazing Well In The Bakken -- September 23, 2022

Is this the best pad in the Bakken?

Reminder:

• this well produced 136,000 bbls crude oil in one month; back in April, 2019
  
• some Bakken wells don't produce that much crude oil in ten years

See this post.

Have I ever updated this well? Recently?

The Slawson Torpedo Federal wells are tracked here. Is this the best pad in the Bakken?

• 31278, 4,862, Slawson, Torpedo Federal 10H, Big Bend, t12/18; cum 407K 10/19; cum 862K 7/22;

Recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2022	31	7270	7320	8076	11245	11145	0
BAKKEN	6-2022	30	7852	7962	3811	10325	10231	0
BAKKEN	5-2022	31	9514	9465	9880	11635	11491	38
BAKKEN	4-2022	25	8008	8017	2714	9173	9079	0
BAKKEN	3-2022	31	10251	10230	531	12909	12799	0
BAKKEN	2-2022	28	10467	10434	683	10059	9602	349
BAKKEN	1-2022	28	14374	14454	11764	13712	13089	500
BAKKEN	12-2021	21	10641	10639	8987	10436	10348	0
BAKKEN	11-2021	27	13994	13991	12212	12724	12621	0

Initial production:

BAKKEN	8-2019	29	53320	52834	39184	27544	22884	0
BAKKEN	7-2019	31	33921	34045	1098	23126	19317	141
BAKKEN	6-2019	22	29585	30475	29452	16579	12787	471
BAKKEN	5-2019	30	36801	37642	26249	22557	17513	935
BAKKEN	4-2019	29	136924	135272	93535	98300	79805	3959
BAKKEN	3-2019	4	15385	15626	7510	6506	0	4747
BAKKEN	2-2019	0	0	0	0	0	0	0
BAKKEN	1-2019	0	0	0	0	0	0	0
BAKKEN	12-2018	8	23402	21672	26046	9666	0	7115

A parent well in the area just went over 600,000 bbls crude oil cumulative and according to the scout ticket is is flowing without a pump. It was recently taken off line:

Graphics:

How Did We All Miss This -- North Dakota Set A New Fossil Energy Record In July, 2022

From the Director's Cut.

It really doesn't matter how much you produce, if you don't capture it and use it or sell it. Isn't that true? 

Gas production:

• July, 2022: 3,102,327 MCF/day (preliminary)
  
• June, 2022: 3,061,082 (preliminary) --> 3,062,778 MCF/day
  
• delta, MCF / day: 41,245 MCF / day
  
• delta, percent: up 1.35%
• gas captured: 94%
• captured: 2,911,420 MCF/day
• 3,145,172 MCF/day all-time high production, November, 2019
• 2,911,420 MCF/day NEW all-time high capture, July, 2022 
  

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

So, that's a record on "CAPTURE."

But look at overall production.

• All-time high, just before the global lock down, November, 2019: 3,145,172 MCF/day.
• Most recent month, July, 22: 3,062,778 MCF/day
  
• July, 2022, natural gas production is 97.4% of it's all-time high.

For perspective:

• Eagle Ford: about 7,000,000 MCF/day (double the Bakken)
• Permian: about 20,000,000 MCF/day (7x the Bakken)

Per rig, natural gas:

• Permian: 2,100,000 cubic feet/day
• Eagle Ford: 6,400,000
• Bakken: 2,500,000 

So, Bakken natural gas / rig is about the same as the Permian, but the Eagle Ford has the bragging rights of the three plays.

So, let's see oil production / rig / play:

• Permian: 1,000 bopd
• Eagle Ford: 1,700 bopd
• Bakken: 1,700 bopd