Enterprise starts construction on Mentone gas plant.
Good comprehensive overview of Permian issues.
Permian gas prices at the Waha Hub neared $0, yes $0, on Monday. Lack of capacity, maintenance of lines, and other factors at work here.
Good article that talks about issue of well spacing, particularly about âparentâ and âchildâ wells. Bottom line, you want wells drilled and fraced at the same time. You donât want to have to drill next to a well that has been producing for a while.
Was just at a Mid-Continent meeting and some of the talks were quite interesting regarding the parent-child relationship. One of their takeaways was that with older parent wells in production greater than a year, there were more problems with child interference and some talk of pressuring up the parent well before perfâing the new wells. If the parent well had less than six months production, then the difference in parent child and negative interference is much less. More research to do.
Proven reserves hit all time highs. Texas and New Mexico almost as big as rest of country plus offshore combined.
Carrizo may cut capital expenditures in Permian. If you are following specific companies, these Seeking Alpha alerts are pretty good, although they have to be taken with a grain of salt, like all stock analysis/corporate presentations have to be.
Midland paper predicts continued consolidation for next 1-2 years. Interesting point that consolidations can present opportunities for smaller companies, because the larger companies often shed assets to finance the transactions.
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New Fed reserve estimate of the Permian - largest reserve ever assessed by them. 46.3 billion barrels, 281 TCF gas, and 20 billion barrels condensate.
Hereâs a link to a very good technical article in the current issue of SPEâs JPT magazine on how engineers are turning the tide on frac hits by child wells on parent wells Fighting Water with Water