Signing Off For The Night -- Good Luck To All -- January 25, 2019

I don't know if folks can read the numbers on the charts/maps -- very small print. If you click on the second map believe, you should be able to zoom in on it.

It's from "Major League Storms" over at Facebook.

A polar vortex will hit North Dakota and then east to Chicago next week. Forecast for next Tuesday / Wednesday on the graphics above. I believe these are WIND CHILL temperatures, not actual air (ambient) temperatures.

The low for selected cities/areas (all temps in Fahrenheit; -40 degrees is the same in both Fahrenheit and Celsius, so in some cases it won't matter). Again, WIND CHILL temperatures, I believe:

• Williston: -44 degrees
• Tioga: -56 degrees
• Devils Lake: -70 degrees (again, this is WIND CHILL, I believe)
• Jamestown: - 69 degrees
• Fargo/Grand Forks: slightly warmer than Jamestown, at -66 to-67 degrees

South Dakota will feel much warmer:

• Sioux Falls: -51 degrees
• Rapid City: -17 degrees
• north-central: -56 degrees

There probably won't be a lot of fracking accomplished in the Bakken next week.

Throughout the day today, the Weather Channel talked about the polar vortex that will hit the Midwest next week.

Europe Now #1 Customer For US LNG; Overtakes South Korea And Mexico -- January 25, 2019

From SeekingAlpha market news. 

Europe is top buyer of U.S. LNG with winter cargo influx - Reuters

• Europe is now the top buyer of U.S. liquefied natural gas after a near 5x spike in U.S. LNG sales to the continent this winter, overtaking South Korea and Mexico, according to a Reuters analysis, after prices in Asia fell sharply on lower than expected demand while prices in Europe, traditionally seen as a market of last resort, have remained steady.
• U.S. LNG shipments to Europe totaled 3.23M metric tons, or 48 cargoes, in October to January, compared to 700K tons, or nine cargoes, in the year-ago period, bringing the U.S. to second place behind only Qatar as an LNG supplier to Europe.
• U.S. LNG also offers countries an alternative to piped gas and forces Russia to compete on price; Russia's Gazprom  pumps 190B cm, or the equivalent of 145M metric tons/year to Europe, 4x the current capacity of all U.S. LNG export terminals.

Look at that year-over-year increase!

• last year, 700K metric tons = 9 cargoes
• one year later, 3.23 million metric = 45 cargoes

Whenever I see stories like this, I always think back to "Europe at a tipping point" which I first posted  years ago at "the big stories."

BR's Rink / Kermit Wells In Pershing Oil Field

Updates

October 6, 2020: update graphic --

Original Post

The graphic:

The wells in the graphic above:

• 17393, 600, BR, Boxer 21-6H, Pershing, t3/10; cum 274K 1/21; needs to be re-fracked; cum 308K 9/23;
  

• 17371, 695, BR, Parrish 1-31H, Pershing, t2/09; cum 17K 1/21; needs to be re-fracked; off line most of 5/19; back on line 6/19; cum 206K 9/23;
  

• 16854, 140, BR, Rink 24-8H, Pershing, t11/08; cum 185K 1/20; needs to be re-fracked; off line 6/19; remains off line 9/19; back on line 10/19; subtle jump in production; off line again, 12/20; cum 256K 9/23; off line 8/23;
  

• 36004, conf-->loc/A, BR, Rink 4-1-5MBH, Pershing, t2/21; cum 301K 9/23;
• 36005, conf-->loc/NCW, BR, Kermit 3-8-32UTFH, Pershing, t2/21; cum 350K 9/23;
  
• 36006, con-->loc/NCW, BR, Rink 4-1-5UTFH, Pershing, t--; cum 400k 9/23;
  
• 36007, conf, BR, Kermit 2-8-32UMBH, Pershing, t2/21; cum 465K 9/23; off line 9/23;
  

• 33979, 161, BR, Kermit 4-8-32 MBH, Pershing, t8/18; cum 449K 12/20; off line 1/21; see this post; cum 649K 9/23;
  
• 33978, n/d, BR, Rink 5-1-5 UTFH, 29 stages; 10.3 million lbs;Pershing, t7/18; cum 404K 12/20; off line 1/21; cum 634K 9/23; see this note;
• 33977, A/IA/494, BR, Kermit 5-8-32 UTFH, Pershing, t9/18; cum 248K 12/20; off line as of 2/19; remains off-line 6/19; back on line 1/20; off line 2/20; remains off line 8/20; a well to watch; off line 1/21; see this post, full production data; cum 551K 9/23;
  
• 34054, dry, BR, Rink 6-1-5 MBH, Pershing, 
• 34738, 198, BR, Rink 6-1-5MBH-R, Pershing, t10/18; cum 355K 12/20; off line 1/21; cum 494K 9/23;
• 34844, 198, BR, Rink 8-1-5MBH-R, Pershing, t9/18; cum 336K 1/21; cum 410K 9/23; jump in production;

• 34055, 355, BR, Rink 7-1-5UTFH, Pershing, t8/18; cum 171K 1/21; off line 6/19; remains off line 9/19; back on line 1/20;
  
• 34056, 320, BR, Kermit 7-8-32 UTFH, Pershing, t8/18; cum 300K 1/21; off line as of 6/19; remains off line 9/19; back on line 10/19; cum 408K 9/23;
  
• 34057, dry, BR, Rink 8-1-5MBH, Pershing, t10/18;
• 34058, 541, BR, Kermit 8-8-32MBH, Pershing, t8/18; cum 286K 1/21; fracked 7/1/19 7/9/19; 7.1 million gallons of water; 87.7% water by mass; cum 395K 9/23;
  
• 34059, 379, BR, Rinkurtis 8-1-5UTFH-ULW, t8/18; cum 281K 1/21; a most peculiar production profile, not atypical of BR; cum 414K 9/23;
  

• 29867, 3,126, BR, Kirkland 14-21TFH ULW, Pershing, t10/15; cum 666K 1/21; see this post; huge production since the beginning; coming off line again, 8/20; cum 740K 9/23;
  
• 29804, 2,806, BR, Kirkland 13-21MBH, t11/15; cum 364K 1/21; four-section spacing; off line 8/20; cum 443K 9/23;
  

• 17432, 156, BR, Curtis 1-4H, North Fork, t3/09; cum 277K 1/21; subtle jump; improved EUR; another good example of neighboring activity extending the life of this well; raising the EUR; see jump in production 4/19; returns to production, 8/20; nice production; cum 323K 9/23;
  

• 17292, 765, BR, Kirkland 1-33H, Pershing, t10/08; cum 253K 1/21; subtle increase in monthly production; cum 269K 9/23;

Five New Permits -- January 25, 2019

Active rigs:

$53.52	1/25/2019	01/25/2018	01/25/2017	01/25/2016	01/25/2015
Active Rigs	65	56	38	48	157

Five new permits:

• Operators: BR (4); Hunt
• Fields: Pershing (McKenzie), Alexandria (Divide)
• Comments: BR has permits for a 4-well Rink/Kermit pad in Pershing oil field, section 32-150-96, see this post; Hunt has a permit for an Alexandria well in Alexandria oil field, section 22-161-100; 

Four permits renewed:

• Bruin (2): two Fort Berthold permits in Dunn County
• Whiting (2): a G Bergstrom permit and a Kaldahl permit, both in Williams County

North Dakota Oil Revenue Study, 2008 - 2018

Released January 25, 2019.

When clicking on the link, a pdf is likely to download on your desktop: it will be a two-page glossy document.

Crude oil:

• extraction tax, 5% of the gross value of oil production at the well
• gross production tax (in lieu of property tax), 5% of the gross value of oil production at the well

Natural gas:

• gas production is taxed on a volume basis at a rate determined by the movement of a fuels cost index