Title : Looking For $60-WTI Today -- March 19, 2019; Nine Wells Coming Off The Confidential List
link : Looking For $60-WTI Today -- March 19, 2019; Nine Wells Coming Off The Confidential List
Looking For $60-WTI Today -- March 19, 2019; Nine Wells Coming Off The Confidential List
Wells coming off the confidential list today -- Tuesday, March 19, 2019: 88 wells for the month; 308 wells for the quarter35013, conf, WPX, Spotted Horn 26-35HW,
35012, conf, WPX, Spotted Horn 26-35HA,
34798, conf, Kraken, The Kraken LE 24-13 1TFH,
34797, conf, Kraken, The Kraken 24-13 10H,
34796, conf, Kraken, The Kraken 24-13 9TFH,
33658, conf, Oasis, Berquist 5298 11-27 5B,
32896, conf, CLR, Colter 13-14H1,
32813, conf, CLR, State Weydahl 9-36H,
31802, conf, CLR, Jensen 6-8H,
Active rigs:
| $59.79 | 3/19/2019 | 03/19/2018 | 03/19/2017 | 03/19/2016 | 03/19/2015 |
|---|---|---|---|---|---|
| Active Rigs | 65 | 58 | 47 | 32 | 107 |
RBN Energy: everything has changed -- the frack sand revolution. Archived.
The U.S. frac sand market has been turned on its head. Over the past three years, demand for the sand used in hydraulic fracturing has more than doubled, dozens of new “local” sand mines have been popping up within the Permian and other fast-growing plays, and frac sand prices have fallen sharply from their 2017 highs. The big changes don’t end there. Exploration and production companies (E&Ps), who traditionally left sand procurement to the pressure pumping companies that complete their wells, are taking a more hands-on approach. And everyone is super-focused on optimizing their “last-mile” frac sand logistics — the delivery of sand by truck, plus unloading and storage of sand at the well site — with an eye toward minimizing completion costs and maximizing productivity. Today, we begin a blog series on the major upheavals rocking the frac sand world in 2019.
We’ve said it time and again: the Shale Revolution would not have been possible without sand — and lots of it. Way back in 2012, we explained that freeing the vast amounts of oil, gas and natural gas liquids (NGLs) trapped in shale and tight sands requires horizontal drilling to access the long, pancaked layers where trapped hydrocarbons reside, as well as proppants (natural sand, ceramics and resin-coated sand) that, when forced out of the laterals at high pressure (using water and other fluids), fracture openings in the surrounding shale/tight sands. When the pressure is released, the fractures attempt to close but the proppant contained in the fluids keeps them open, making a ready path for oil, gas and NGLs to flow into the well bore.
Then, we discussed how the trend toward much longer laterals and high-intensity well completions caused demand — and prices — for Northern White Sand (NWS) from the Upper Midwest (long the preferred sand type) to soar. That helped spur the development of new, local sand mines in the Permian (and the Eagle Ford, SCOOP/STACK and the Haynesville) to help meet rising frac sand demand and to reduce sand transportation costs by eliminating the cost of long-distance rail shipments and rail-to-truck transloading.
Most recently, we looked at — among other things — the still-rising volumes of sand being used per well, the development of more local sand mines, and the steps that an increasing number of E&Ps were taking to become more involved in sand procurement.
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