Title : Monday, October 29, 2018
link : Monday, October 29, 2018
Monday, October 29, 2018
Gasoline: in the local area, I see unleaded regular gasoline is going for $1.43 / gallon. It may be slightly less expensive down the street. I may see later this evening when I take Arianna to water polo. By the way, her team won both games in yesterday's "one-day tournament." They won decisely and Arianna scored two goals.Peak oil? Probably not:
- Vaca Muerta shale output projection revised -- upward! YPF SA will produce more oil and gas than originally planned over the next five years as shale output from the Vaca Muerta formation picks up
- Total finds Congo pleasant surprise. Production has exceeded company's expectations.
- Australian-based Talon Petroleum will enter the UK North Sea.
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Back to the Bakken
Wells coming off confidential list over the weekend, Monday:
Monday, October 29, 2018:
34509, conf, MRO, McKinley USA 24-7TFH, Van Hook, no production data,
31260, conf, Oasis, Kjorstad 5300 34-22 5B, Willow Creek, a nice well --
Sunday, October 28, 2018:
34508, conf, MRO, Dearborn USA 24-7TFH, Van Hook, no production data,
Saturday, October 27, 2018:
34799, conf, Hunt, Nichols 156-90-10-15H-4, Ross, producing, albeit not much,
34507, conf, MRO, Bursha USA 14-7H, Van Hook, no production data,
31261, conf, Oasis, Kjorstad 5300 34-22 6T, Willow Creek, a huge well --
Active rigs:
| $67.33→ | 10/29/2018 | 10/29/2017 | 10/29/2016 | 10/29/2015 | 10/29/2014 |
|---|---|---|---|---|---|
| Active Rigs | 67 | 53 | 34 | 69 | 190 |
RBN Energy: this may become an even bigger issue if Prop 112 / Colorado passes -- Niobrara crude production growth and takeaway pipelines.
Crude oil production in the Niobrara region in northeastern Colorado and eastern Wyoming has quadrupled since the start of the 2010s, and now tops 600 Mb/d. Fortunately for producers in the Niobrara’s Denver-Julesburg (D-J) Basin and Powder River Basin (PRB), midstream companies not only developed enough new pipeline takeaway capacity to transport all those incremental barrels, they overbuilt. As a result, the region — unlike the Permian and Western Canada — currently has no crude-oil pipeline constraints, something that makes the Niobrara even more attractive to producers.
But part of a pipeline system now moving crude out of the D-J is being repurposed to carry NGLs instead, and with D-J and PRB crude production still rising, you’ve got to wonder, is a takeaway shortfall on the horizon? Today, we continue our series on the Rockies’ premier hydrocarbon production area and the infrastructure needed to serve it, this time focusing on crude oil.
Previously we said that crude production in the D-J Basin and PRB took off during the Shale Era, soaring from less than 140 Mb/d in January 2010 to a peak of nearly 500 Mb/d in April 2015. With the 2014-15 oil price crash, though, drilling activity in the D-J Basin and PRB declined and Niobrara crude production sagged — much like it did just about everywhere else in the U.S. (except the Permian). By January 2017, the play’s oil output was down 19% from its apex, at just above 400 Mb/d. Since then, though, it’s been on a tear — up to 620 Mb/d as of October (a 54% gain since the beginning of last year.
Thus Article Monday, October 29, 2018
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