Title : Morning Note -- October 8, 2018
link : Morning Note -- October 8, 2018
Morning Note -- October 8, 2018
A catnap along the way; some detours, but a beautiful drive -- even during the night.One hour here, then a couple of hours to Denver and then I will press on north to Glacier.
One of my least favorite songs, but seems appropriate, overlooking Colorado Springs.
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Back to the Bakken
One well coming off confidential list today -- Friday, October 5, 2018:
- 29978, 1,209, Petro-Hunt, Van Hise Trust 153-95-28C-21-3H, Charlson, t8/18; cum --
10/5/2018 | 10/05/2017 | 10/05/2016 | 10/05/2015 | 10/05/2014 | |
---|---|---|---|---|---|
Active Rigs | 63 | 59 | 32 | 67 | 190 |
RBN Energy: part 3 -- E&P's 2Q18 profit growth squelched b stagnant realizations.
The U.S. exploration and production sector has reaped many benefits from its transformation to large-scale, manufacturing-style exploitation of premier resource plays, generating record oil and gas production while slashing production and reserve replacement costs by 50%. While increased efficiency and rising output have moved the industry solidly into the black after three years of losses, profit growth stalled in the second quarter 2018 despite a $5/bbl increase in oil prices to about $68/bbl. The cause is largely beyond the control of the producers: constraints on getting the increased output to markets. In certain producing regions, most notably the Permian Basin, production growth has far outpaced expansions to the infrastructure required to process and transport it. Today, we explain why these constraints are critical to assessing the outlook for industry profitability and cash flow over at least the next two to four quarters.
Thus Article Morning Note -- October 8, 2018
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