Crude inventories fell by 7.9 million barrels in the week to Dec. 20 to 444.1 million barrels, compared with analysts’ expectations for a draw of 1.83 million barrels.
Tuesday, December 24, 2019
API Weekly Crude Oil Storage Data -- Let's Wait To See EIA Data At End Of Week -- December 24, 2019
Link here.
Christmas Eve, 2019
No daily activity report today.
Active rigs:
WTI up almost 1% today. WTI back to $61.
What did Beto say, "I was born to be in it!" or something to that effect.
Well, I was born to be a curmudgeon.
The extended family is celebrating Christmas Eve at an upscale Chinese restaurant tonight; and, after dinner will come home -- their home, not my home -- to have dessert and exchange gifts.
I won't be joining them. I elected to stay home tonight. Relax. Light dinner. Music. Maybe a bit of ET on the "E" network.
And a little bit of time looking at the Bakken.
There is really only one day when everything, absolutely everything is closed down in the US, and that's Christmas Day. Maybe things have changed in some cities but it's been my experience that the loneliest day for a traveler in the US is Christmas Day. Nothing is open.
It must have been Christmas, 1985, or thereabouts. I was stationed in Germany with the United States Air Force. I held dual service codes: pediatrician and flight surgeon. I was notified a few days before Christmas that I would be the attending physician for a critically ill infant that was being flown from a US hospital in Germany to Walter Reed Medical Center in Washington, DC. It was my first medevac flight ever. And it was going to be a long C-5 (? -- or a C-141? I forget) -- flight across the Atlantic with an infant on a ventilator.
With little advance warning, I told my family (wife and two young daughters) that I would not be spending Christmas with them.
We landed at Andrews AFB, DC, on/about Christmas Eve. After getting the critically-ill infant to Walter Reed I was on my own. I found a place to stay and then waited until December 26 to start looking for a flight back to Germany. No, you don't just book a flight on United. One must look for USAF transportation.
Be that as it may, I spent, perhaps, the loneliest day in my life -- up to that point -- alone, in Washington, DC. It was then that I learned that nothing was open on Christmas. Including places to eat.
Whatever.
The next day, December the 26th, and everything was open again. Another few days in Washington, DC, and then back to Germany.
Active rigs:
| $61.11 | 12/24/2019 | 12/24/2018 | 12/24/2017 | 12/24/2016 | 12/24/2015 |
|---|---|---|---|---|---|
| Active Rigs | 56 | 69 | 53 | 41 | 62 |
WTI up almost 1% today. WTI back to $61.
************************************
Christmas Eve
What did Beto say, "I was born to be in it!" or something to that effect.
Well, I was born to be a curmudgeon.
The extended family is celebrating Christmas Eve at an upscale Chinese restaurant tonight; and, after dinner will come home -- their home, not my home -- to have dessert and exchange gifts.
I won't be joining them. I elected to stay home tonight. Relax. Light dinner. Music. Maybe a bit of ET on the "E" network.
And a little bit of time looking at the Bakken.
There is really only one day when everything, absolutely everything is closed down in the US, and that's Christmas Day. Maybe things have changed in some cities but it's been my experience that the loneliest day for a traveler in the US is Christmas Day. Nothing is open.
It must have been Christmas, 1985, or thereabouts. I was stationed in Germany with the United States Air Force. I held dual service codes: pediatrician and flight surgeon. I was notified a few days before Christmas that I would be the attending physician for a critically ill infant that was being flown from a US hospital in Germany to Walter Reed Medical Center in Washington, DC. It was my first medevac flight ever. And it was going to be a long C-5 (? -- or a C-141? I forget) -- flight across the Atlantic with an infant on a ventilator.
With little advance warning, I told my family (wife and two young daughters) that I would not be spending Christmas with them.
We landed at Andrews AFB, DC, on/about Christmas Eve. After getting the critically-ill infant to Walter Reed I was on my own. I found a place to stay and then waited until December 26 to start looking for a flight back to Germany. No, you don't just book a flight on United. One must look for USAF transportation.
Be that as it may, I spent, perhaps, the loneliest day in my life -- up to that point -- alone, in Washington, DC. It was then that I learned that nothing was open on Christmas. Including places to eat.
Whatever.
The next day, December the 26th, and everything was open again. Another few days in Washington, DC, and then back to Germany.
A Bakken Well With Multiple Jumps In Production -- BR, Kellogg, Elidah Oil Field -- December 24, 2019
Full production profile at this post.
The well:
Then, in 2014, a huge jump in production, after a re-frack:
And, now, another jump in production:
The well:
- 16890, 321, BR, West Kellogg 24-31H, Elidah, t4/08; cum 312K 10/19;
| BAKKEN | 8-2008 | 29 | 2034 | 2104 | 541 | 2040 | 0 | 2040 |
| BAKKEN | 7-2008 | 31 | 2136 | 2119 | 895 | 2481 | 0 | 2481 |
| BAKKEN | 6-2008 | 30 | 2099 | 2155 | 1001 | 2298 | 0 | 2298 |
| BAKKEN | 5-2008 | 31 | 3721 | 3313 | 1288 | 4264 | 0 | 4264 |
| BAKKEN | 4-2008 | 30 | 5959 | 5873 | 3641 | 3641 | 0 | 3641 |
Then, in 2014, a huge jump in production, after a re-frack:
| BAKKEN | 7-2014 | 31 | 15187 | 15087 | 6358 | 77 | 0 | 0 |
| BAKKEN | 6-2014 | 30 | 20071 | 20524 | 7006 | 75 | 0 | 0 |
| BAKKEN | 5-2014 | 12 | 7464 | 6715 | 0 | 30 | 0 | 0 |
| BAKKEN | 4-2014 | 5 | 10163 | 10163 | 12290 | 31671 | 0 | 31659 |
| BAKKEN | 3-2014 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 2-2014 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 1-2014 | 31 | 179 | 244 | 75 | 509 | 424 | 8 |
And, now, another jump in production:
| BAKKEN | 10-2019 | 29 | 7980 | 7890 | 8064 | 20000 | 19928 | 0 |
| BAKKEN | 9-2019 | 22 | 6176 | 6097 | 7188 | 15621 | 15566 | 0 |
| BAKKEN | 8-2019 | 31 | 7750 | 7540 | 11638 | 19811 | 19734 | 0 |
| BAKKEN | 7-2019 | 30 | 236 | 225 | 103 | 470 | 396 | 0 |
| BAKKEN | 6-2019 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 5-2019 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 4-2019 | 24 | 967 | 1334 | 1027 | 2230 | 2134 | 36 |
| BAKKEN | 3-2019 | 31 | 2478 | 2303 | 984 | 4749 | 3633 | 1039 |
Should We Be Worried? -- December 24, 2019
There are two major "Santa trackers": NORAD and Google.
NORAD went down earlier today -- that was noted on Fox Business News. I checked and, yes, NORAD was down for about 30 minutes. It's back up now.
To the best of my knowledge, Google has not yet crashed.
Is this something the United States should be worried about -- that NORAD crashed tracking one -- repeat, one -- flying object? I don't know about you, but considering that North Korea is looking to launch a Christmas present in the next 24 hours, NORAD crashed.
Google didn't.
NORAD went down earlier today -- that was noted on Fox Business News. I checked and, yes, NORAD was down for about 30 minutes. It's back up now.
To the best of my knowledge, Google has not yet crashed.
Is this something the United States should be worried about -- that NORAD crashed tracking one -- repeat, one -- flying object? I don't know about you, but considering that North Korea is looking to launch a Christmas present in the next 24 hours, NORAD crashed.
Google didn't.
**********************************
Concours d'Elegance, 2019
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