Frack Sand Revolution, Part 2 -- RBN Energy; Exxon/Chevron Battle It Out In The Permian; ND Rigs Back To 69; Seasonal Driving Restrictions Begin In The Bakken -- March 25, 2019 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Frack Sand Revolution, Part 2 -- RBN Energy; Exxon/Chevron Battle It Out In The Permian; ND Rigs Back To 69; Seasonal Driving Restrictions Begin In The Bakken -- March 25, 2019, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Frack Sand Revolution, Part 2 -- RBN Energy; Exxon/Chevron Battle It Out In The Permian; ND Rigs Back To 69; Seasonal Driving Restrictions Begin In The Bakken -- March 25, 2019
link : Frack Sand Revolution, Part 2 -- RBN Energy; Exxon/Chevron Battle It Out In The Permian; ND Rigs Back To 69; Seasonal Driving Restrictions Begin In The Bakken -- March 25, 2019

Frack Sand Revolution, Part 2 -- RBN Energy; Exxon/Chevron Battle It Out In The Permian; ND Rigs Back To 69; Seasonal Driving Restrictions Begin In The Bakken -- March 25, 2019

Battle royale: Exxon, Chevron battle it out in the Permian. Featured story over at Rigzone.  Archived.

Quick notes:

• WTI misses milestone: comes close but did not settle above $60.
• Murphy oil to focus on western hemisphere. Will sell two primary Malaysian subsidiaries, $2.127 billion deal.
• • Malaysian subsidiaries pump 16% of Murphy's annual output
  • all cash to be repatriated to the US
  • $500 million: share repurchases
  • $750 million: debt reduction, before dividend payments from 2019 - 2023
  • based on a flat $55-per-barrel WTI price
  • assumption: will be able to generate an 8% compound annual growth rate "during the same period" (2019 - 2023) from its three core-producing assets in onshore US; onshore Canada; and, offshore North America
  • quote: 
  • “We will continue with our plans of investing in our high margin, oil-weighted Western Hemisphere opportunities, especially the Eagle Ford Shale and the Gulf of Mexico while maintaining our focused low-cost exploration program.”

************************************

Back to the Bakken

 
Wells coming off the confidential list today/weekend -- Monday, March 25, 2019: 105 wells for the month; 325 wells for the quarter
34794, conf, Kraken Operating, The Kraken 24-13 7TFH, 
34793, conf, Kraken Operating, The Kraken 24-13 6H, 
34524, conf, EOG, Austin 426-1721H, 
34523, conf, EOG, Austin 425-1721H, 
33897, conf, Oasis, Berry 5493 44-7 14BX, 
28009, conf, NP Resources, Roosevelt 23-29-1PH, 

Sunday, March 24, 2019: 99 wells for the month; 319 wells for the quarter
31800, conf, CLR, Mittlestadt 7-17H, 
30364, conf, CLR, State Weydahl 7-36H2, 

Saturday, March 23, 2019: 97 wells for the month; 317 wells for the quarter
34644, conf, CLR, Anderson 11X-4HSL,
24978, conf, CLR, Syverson 3-12H1,

Active rigs:

$59.00	3/25/2019	03/25/2018	03/25/2017	03/25/2016	03/25/2015
Active Rigs	69	60	49	32	98

RBN Energy: part 2, the frack sand revolution. Archived.

Over the past three years, the U.S. frac sand market has been transformed. Demand for the sand used in hydraulic fracturing is more than twice what it was in early 2016. Dozens of new “local” sand mines have come online, slashing the need for railed-in Northern White Sand in the Permian and a number of other fast-growing plays. Frac sand prices have fallen sharply from their 2017 highs. And exploration and production companies, which traditionally outsourced sand procurement and “last-mile” sand logistics to pressure pumpers and other specialists, are taking a more hands-on approach. It’s a whole new world. Today, we continue our series on the major upheavals rocking the frac sand world in 2019 with a look at the development of local sand sources in the Eagle Ford, SCOOP/STACK and the Haynesville.

What we’ve been witnessing in shale plays in Texas, Oklahoma, Louisiana and other energy-producing states in recent years is the industrialization — or, better yet, the assembly-lining — of crude oil and natural gas production. Like Henry Ford and his Model T more than a century ago, Shale Era pioneers started out small and in experimental mode, first with single wells, then with small groups of wells as they learned more about what worked (and what didn’t). By the latter half of the 2010s, exploration and production companies (E&Ps) had learned a lot: where the best “rock” is, for one thing, but also how they can improve their economics by (for example) drilling much longer laterals from multi-well pads, using more frac sand per linear foot of lateral, and developing pipelines to transport large volumes of produced water from the lease to disposal wells. They, like Ford, learned that nothing beats a robust, repeatable system. As a result, oil-field productivity in most plays is way up, and the break-even price for crude and gas production is way down.

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Thus Article Frack Sand Revolution, Part 2 -- RBN Energy; Exxon/Chevron Battle It Out In The Permian; ND Rigs Back To 69; Seasonal Driving Restrictions Begin In The Bakken -- March 25, 2019

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