Enerplus "Heavy Metal Pad #1" Updated -- December 27, 2022

Updates

December 27, 2022: The "Lithophile Element pad" was renamed the Enerplus "Heavy Metal Pad #1." It is tracked here. Half the wells on this pad run north; half run south.

Original Post 

From June 11, 2020:

Enerplus re-names four wells on its "Lithophile Element" pad in Dunn County. You may recall this from the daily activity report of May 19, 2020:

Four new permits, #37583 - #37586, inclusive --

• Operator: Enerplus
• Field: Moccasin Creek (Dunn)
• Comments:
• Enerplus has four permits for its first "Lithophile Element" pad in section 16-147-93, Moccasin Creek oil field; all 9' FNL; all about 700' FEL
• this is already a very, very busy drilling unit with eight wells currently in production, to the west of where these new horizontals will run; 
• see graphic at the link above

Well, it turns out, Enerplus has re-named all these wells.  Based on their original names, these wells were all going to target the Three Forks. With their name changes, it appears Enerplus has changed the target to the middle Bakken for these four wells:

• 37583, loc, Enerplus, Beryllium....-09D-04H, Dunn County,
• 37584, loc, Enerplus, Niobium....-09D-04H, Dunn County,
• 37585, loc, Enerplus, Yttrium....-16A-21H, Dunn County,
• 37586, loc, Enerplus, Cesium 147-93-16A-21H-LL, Dunn County,

It's Been A Long Time -- $80 -- It's Not Perfect, But It's A Great Place To Start -- December 27, 2022

China: pivots. Opens. Travelers: no quarantine. No testing.

WTI: up 1.61%; up $1.28; trading at $80.84.

Gas Buddy: $4-gasoline by May, 2023. Link to Alex Kimani.

Last week, the Bank of America predicted that Brent could quickly go past $90 per barrel on the back of a dovish pivot in the U.S. Federal Reserve and a “successful” economic reopening by China. 

BofA has forecast that Brent prices--currently trading at $84.62--will average $100/bbl in 2023 thanks to Chinese oil demand recovery on a post-COVID reopening coupled with a drop in Russian supplies of about 1 million barrels per day (bpd).

According to the investment bank, OPEC+ is likely to fully implement a 2 million bpd output cut in a bid to boost oil prices.

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Thirteen things.

Most interesting. I did not know this until now.

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Hard To Find
A Musical Interlude

Link.

Marvin Lee Aday and Ellen Folly

US LNG Export Terminals: The Big Three -- RBN Energy -- December 27, 2022

RBN Energy: is US LNG development cornered by the big three developers? Archived.

This year there’s been unprecedented forward momentum for LNG development.

Since 2022 began, two U.S. projects have reached a final investment decision (FID), with a third expected to reach that milestone in early 2023.

Offtakers have committed to 38 metric tons per annum (MMtpa), or 4.9 Bcf/d, of long-term LNG contracts from these and other proposed terminals this year and there’s another handful of U.S. projects with a realistic shot at FID in the next year or so, not to mention others in Mexico and Canada.

Progress on the LNG front has been dominated by three companies: Cheniere, Sempra and Venture Global. While there are other projects inching closer to FID, those from the proven LNG developers — our “three kings” — have leapfrogged to the front of the line. In today’s RBN blog, we look at what those three have under development and what it means for everyone else trying to build LNG export capacity.

Eight Wells Coming Off Confidential List Over Weekend -- December 27, 2022

The Flickertail Times: link here.

Active rigs: 45.

WTI: $80.84.

Natural gas: $5.113.

Tuesday, December 27, 2022: 70 for the month, 179 for the quarter, 724 for the year.
None.

Monday, December 26, 2022: 70 for the month, 179 for the quarter, 724 for the year.
38201, conf, CLR, LCU Foster Federal 4-28H,

Sunday, December 25, 2022: 69 for the month, 178 for the quarter, 723 for the year.
38202, conf, CLR, LCU Foster Federal 3-28H1,
38200, conf, Hess, EN-Rehak A-155-94-1423H-3,
37897, conf, BR, Ole 2-1-29MTFH,
37891, conf, Enerplus, Cadmium 147-93-17B-20H,

Saturday, December 24, 2022: 65 for the month, 174 for the quarter, 719 for the year.
38484, conf, Hess, Go-Johnson-156-98-2635H-2,
38203, conf, CLR, LCU Foster Federal 2-28H,
37890, conf, Enerplus, Bismuth 147-93-17B -20H,
37697, conf, BR, Ole 2-1-29MBH, 

RBN Energy: is US LNG development cornered by the big three developers? Archived.

This year there’s been unprecedented forward momentum for LNG development.

Since 2022 began, two U.S. projects have reached a final investment decision (FID), with a third expected to reach that milestone in early 2023.

Offtakers have committed to 38 metric tons per annum (MMtpa), or 4.9 Bcf/d, of long-term LNG contracts from these and other proposed terminals this year and there’s another handful of U.S. projects with a realistic shot at FID in the next year or so, not to mention others in Mexico and Canada.

Progress on the LNG front has been dominated by three companies: Cheniere, Sempra and Venture Global. While there are other projects inching closer to FID, those from the proven LNG developers — our “three kings” — have leapfrogged to the front of the line. In today’s RBN blog, we look at what those three have under development and what it means for everyone else trying to build LNG export capacity.

Breaking: North Dakota State Capitol / Capital Re-Located Due To Massive Blizzard -- The Flickertail Times -- December 26, 2022

Much more at the link.